Estimated Value: $113,450 - $265,000
1
Bed
1
Bath
360
Sq Ft
$474/Sq Ft
Est. Value
Highlights
- New Construction
- Eat-In Kitchen
- Landscaped with Trees
- Wood Burning Stove
- Woodwork
- Handicap Modified
About This Home
As of May 2013Enjoy your own piece of Ely, Minnesota, nestled in the quiet woods north of Shagawa Lake, variety of birds and wildlife. This three-year-old cabin was built to keep you safe from the elements yet allow you to feel a part of the wilderness at the same time. Duel heat of a wood-burning Jotul stove and an electric wall unit keep you warm in the winter months, while the shade of the surrounding trees keeps you cool in the summertime (window air-conditioner included). Autumn is a feast for the eyes and the soul on this wooded property. A short walk up the gravel road allows for a wonderful view of Shagawa Lake, while the colors of the hardwoods and the scent of the crisp clean air and pines has you longing for the season not to end. The gravel road which divides the property is plowed in the wintertime, and nearby ski & snowshoe trails are waiting to be explored. This cabin has buried cable electricity, along with DSL providing good internet service." Property has been approved for septic.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $934
Year Built
- 2010
Lot Details
- 3.3 Acre Lot
- Property fronts a county road
- Landscaped with Trees
Home Design
- Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 1 Bedroom
- 360 Sq Ft Home
- 1-Story Property
- Woodwork
- Wood Burning Stove
- Eat-In Kitchen
Utilities
- Cooling System Mounted In Outer Wall Opening
- Window Unit Cooling System
- Baseboard Heating
Additional Features
- Handicap Modified
- Outhouse
Listing and Financial Details
- Assessor Parcel Number 465-0020-02817
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 21, 2024
Sold by
Vasquez Christopher N
Bought by
Vasquez Martha R and Vasquez Martha R
Total Days on Market
151
Current Estimated Value
Purchase Details
Listed on
Oct 19, 2012
Closed on
May 3, 2013
Sold by
Johnson Barbara J
Bought by
Vasquez Christopher N and Vasquez Martha N
List Price
$64,900
Sold Price
$55,000
Premium/Discount to List
-$9,900
-15.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%
Original Mortgage
$45,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Nov 9, 2009
Sold by
Brennan Timothy H
Bought by
Johnson Barbara J
Purchase Details
Closed on
Mar 14, 2008
Sold by
Brennan Timothy H
Bought by
Evergreen Construction Inc
Purchase Details
Closed on
Dec 5, 2007
Sold by
Brennan Timothy H
Bought by
Roderick Matthew M
Purchase Details
Closed on
Nov 16, 2007
Sold by
Brennan Timothy H
Bought by
Sheppard Nicholas S and Sheppard Elizabeth J
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Similar Homes in Ely, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Vasquez Christopher N | $55,000 | Northeast Title Company Ely | |
| Johnson Barbara J | $30,000 | Northeast Title Company | |
| Evergreen Construction Inc | $47,500 | Northeast Title Company | |
| Roderick Matthew M | $47,500 | Northeast Title Company | |
| Sheppard Nicholas S | $40,000 | Northeast Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Vasquez Christopher N | $45,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/03/2013 05/03/13 | Sold | $55,000 | -15.3% | $153 / Sq Ft |
| 03/19/2013 03/19/13 | Pending | -- | -- | -- |
| 10/19/2012 10/19/12 | For Sale | $64,900 | -- | $180 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 | $934 | $92,000 | $38,000 | $54,000 |
| 2022 | $834 | $81,700 | $34,800 | $46,900 |
| 2021 | $834 | $71,000 | $30,200 | $40,800 |
| 2020 | $774 | $68,700 | $30,200 | $38,500 |
| 2019 | $734 | $68,700 | $30,200 | $38,500 |
| 2018 | $668 | $66,600 | $32,300 | $34,300 |
| 2017 | $476 | $60,400 | $32,800 | $27,600 |
| 2016 | $508 | $41,000 | $23,500 | $17,500 |
| 2015 | $194 | $48,400 | $27,800 | $20,600 |
| 2014 | $194 | $26,200 | $14,100 | $12,100 |
Source: Public Records
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 4410762
APN: 465002002817
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