NOT LISTED FOR SALE

2041 Highway 1 Ely, MN 55731

Estimated Value: $412,000 - $664,000

3 Beds
2 Baths
2,438 Sq Ft
$245/Sq Ft Est. Value

About This Home

This home is located at 2041 Highway 1, Ely, MN 55731 and is currently estimated at $596,244, approximately $244 per square foot. 2041 Highway 1 is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 30, 2022
Sold by
Veteran Properties Llc
Bought by
Shaffer Ryan
Current Estimated Value
$596,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$214,288
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$454,539

Purchase Details

Closed on
Nov 3, 2022
Sold by
Veteran Properties Llc
Bought by
Veteran Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$214,288
Interest Rate
6.33%
Mortgage Type
New Conventional
Estimated Equity
$454,539

Purchase Details

Closed on
Oct 14, 2015
Sold by
Passananti Stanley W and Passananti Joyce A
Bought by
Veteran Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$852,914
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Shaffer Ryan $275,000 None Listed On Document
Shaffer Ryan $275,000 --
Veteran Properties Llc $500 None Listed On Document
Veteran Properties Llc $381,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaffer Ryan $220,000
Closed Shaffer Ryan $220,000
Previous Owner Veteran Properties Llc $852,914
Previous Owner Passananti Stanley W $417,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,938 $544,700 $80,600 $464,100
2022 $6,744 $470,200 $66,900 $403,300
2021 $6,642 $507,100 $86,100 $421,000
2020 $6,154 $482,900 $86,100 $396,800
2019 $5,642 $482,900 $86,100 $396,800
2018 $5,580 $455,800 $87,700 $368,100
2017 $5,350 $455,800 $87,700 $368,100
2016 $5,268 $416,200 $83,500 $332,700
2015 $5,366 $416,200 $83,500 $332,700
2014 $5,294 $416,200 $83,500 $332,700
Source: Public Records

Map

Minnesota St Louis County Ely 55731

2041 Highway 1, Ely, MN

Homes for Sale in Ely, MN

This home is located at 2041 Highway 1, Ely, MN 55731 and is currently estimated at $596,244, approximately $244 per square foot. 2041 Highway 1 is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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