NOT LISTED FOR SALE

2168 Passi Rd Ely, MN 55731

Estimated Value: $331,000 - $681,814

2 Beds
2 Baths
642 Sq Ft
$779/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $605,000 $942 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $2,954/month

6 Days on Market

Highlights

  • Boathouse
  • Private Waterfront
  • Docks
  • Memorial High School Rated 9+
  • Community Boat Slip
  • Spa

About This Home

As of October 2021

Come see this iconically classic 2 bedroom seasonal cabin located on the east side of Burntside Lake. The property features mesmerizing and soothing big water views of Burntside from the living area, a boathouse at the waters edge, a wood burning sauna with a changing room and many, many big pines on the lot. All buildings have had structural renovations as well as other quality upgrades to create a summer getaway for generations to come. 1 car detached garage. Please ask for a list of completed work on the property. Don’t miss this one! $599,000.

Last Agent to Sell the Property

Jim Burke

Keller Williams Classic Realty NW Listed on: 08/30/2021

Keller Williams Classic Realty NW

Last Buyer's Agent

Karen Zupancich

Edina Realty - Ely

Edina Realty - Ely

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,149

Year Built

  • Built in 1930

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 525x140x503x75
  • Private Waterfront
  • 124 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Irregular Lot
  • Many Trees

Parking

  • 1 Car Detached Garage

Property Views

  • Lake
  • Panoramic

Home Design

  • Poured Concrete
  • Fire Rated Drywall
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 642 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Wood Frame Window
  • Family Room
  • Combination Dining and Living Room
  • Sauna
  • Range
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Outdoor Features

  • Spa
  • Boathouse
  • Docks
  • Deck
  • Outhouse
  • Rain Gutters

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Water Filtration System
  • Private Water Source
  • Fuel Tank
  • Mound Septic
  • Private Sewer
  • Satellite Dish
  • Cable TV Available

Community Details

  • Community Boat Slip

Listing and Financial Details

  • Assessor Parcel Number 465-0170-00060

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,149

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: East on Highway 169, Left onto Grant McMahan, Right onto Echo Trail, Left onto Passi Rd - Fire number 2168
  • InternetOptions: Cable, Satellite
  • Waterfront Info Lake Chain: No
  • Waterfront Info Lake Maximum Depth: 126
  • L O1 Office Phone1 Number: 218-276-5495
  • Planned Unit Development: No
  • PropAdjoinsPublicLand: No
  • Remodeled Addition: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Hard, Rocky, Elevation-Medium
  • Property Sub-Type: Seasonal
  • Tax Year: 2021
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Sauna, Drywalls, Panelled Walls
  • Amenities Exterior: Boat Slip, Deck, Dock, Gutter/Downspout
  • Half Bathrooms: 1
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 642
  • Garage Type: Detached
  • Heat: Baseboard, Propane, Electric
  • MainFloorBath: Yes
  • New Development: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Family Room
  • TotalBedrooms: 2
  • Year Built: 1930
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Unfinished
  • Basement Material: Poured Concrete
  • Basement Style: Partial
  • Bathroom Description: 1/2 Master
  • Formal Dining: Combine with Living Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bathroom
  • Room 7: Spa/Sauna
  • Total Bathrooms: 2
  • Total Fin Square Footage: 642
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 7313.9
  • Out Buildings: Boathouse, Sauna
  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 124
  • Waterfront Name: Burntside
  • Construction Status: Previously Owned
  • Exterior: Other, Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Garage Capacity: 1
  • ParkingFeaturesGarageDimensions: 12' X 24

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Mound, Outhouse
  • Water: Private

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 525x140x503x75
  • Estimated Number of Acres: 1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Irregular Lot, Tree Coverage - Heavy
  • Parcel Number: 465-0170-00060
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3149

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Oct 8, 2021
Sold by
Sharma Matthew Raghu and Matthew Raghu Sharma Revocable
Bought by
Morrow David S and Morrow Susan L
Seller's Agent
Jim Burke
Keller Williams Classic Realty NW
Buyer's Agent
Karen Zupancich
Edina Realty - Ely
List Price
$605,000
Sold Price
$605,000
Current Estimated Value
$500,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$104,796
Avg. Annual Appreciation
-4.44%

Purchase Details

Listed on
Jul 14, 2016
Closed on
Aug 8, 2016
Sold by
Tome Arthur E and Tome Jeanne K
Bought by
Matthew Raghu Sharma Revocable Trust
Seller's Agent
Andrea Zupancich
z' Up North Realty
Buyer's Agent
Member Non
NON-MEMBER
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.37%

Purchase Details

Closed on
Jan 16, 2001
Sold by
Tome Arthur E and Tome Jeanne K
Bought by
Tome Arthur E and Tome Jeanne K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Morrow David S $605,000 Northeast Title Company
Matthew Raghu Sharma Revocable Trust $275,000 Northeast Title Company
Tome Arthur E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2021 10/19/21 Sold $605,000 0.0% $942 / Sq Ft
09/05/2021 09/05/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $605,000 +120.0% $942 / Sq Ft
08/08/2016 08/08/16 Sold $275,000 0.0% $258 / Sq Ft View Prior Sale
08/08/2016 08/08/16 Sold $275,000 0.0% $308 / Sq Ft View Prior Sale
07/14/2016 07/14/16 Pending -- -- --
07/14/2016 07/14/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $275,000 -- $258 / Sq Ft
Source: Lake Superior Area REALTORS®

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
2024 $3,998 $414,000 $312,400 $101,600
2023 $3,998 $396,600 $300,400 $96,200
2022 $3,024 $335,700 $255,600 $80,100
2021 $3,234 $260,100 $199,700 $60,400
2020 $3,000 $260,100 $199,700 $60,400
2019 $2,840 $260,100 $199,700 $60,400
2018 $2,816 $252,500 $187,400 $65,100
2017 $2,388 $252,400 $187,300 $65,100
2016 $2,454 $250,000 $187,300 $62,700
2015 $2,464 $245,700 $186,400 $59,300
2014 $2,464 $245,700 $186,400 $59,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jim Burke

    Keller Williams Classic Realty NW

    Section Image

  • K

    Buyer's Agent in 2021

    Karen Zupancich

    Edina Realty - Ely

    (218) 349-2565

    19 Total Sales

    Karen Zupancich
    Section Image
  • Andrea Zupancich

    Seller's Agent in 2016

    Andrea Zupancich

    Z' Up North Realty

    (218) 749-0159

    445 Total Sales

    Andrea Zupancich
    Section Image

  • P

    Buyer's Agent in 2016

    Phil Hyde

    Bear Island Land Co., Inc

  • M

    Buyer's Agent in 2016

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6099366

APN: 465017000060

Minnesota St Louis County Ely 55731

2168 Passi Rd, Ely, MN

Not Listed for Sale

Detached

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