$605,000
SOLD OCT 19, 2021

2168 Passi Rd Ely, MN 55731

2 Beds
2 Baths
642 Sq Ft
1 Acres

Recently Sold

$942 Per Sq Ft

6 Days on Market

Highlights

  • Boathouse
  • Community Boat Slip
  • Spa
  • Private Waterfront
  • Docks
  • Sauna

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

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
  • List Price/ Sq Ft: 942.37
  • 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

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2021-08-31
  • 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
Total Days on Market
6
Current Estimated Value
$654,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,239
Avg. Annual Appreciation
2.22%

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

Map

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Deed $605,000 Northeast Title Company
Deed $275,000 Northeast Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
08/08/2016 08/08/16 Sold $275,000 0.0% $308 / Sq Ft
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

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 $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

About the Listing Agent

Jim Burke

Keller Williams Classic Realty NW

(218) 235-8619

Section Image

Jim Burke, Broker Associate - A native Minnesotan, raised in St. Paul Park with "roots on the Range",
Jim spent many childhood summers and holidays in and around the Hibbing area. After graduating
from St. Cloud State University with a Bachelor of Science degree in Business Administration and a
major in Real Estate, he lived away from Minnesota for 25 years gaining experience in sales, sales
management, and small business ownership. Jim decided to start the next leg of life's

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    $25,000

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    Come out of the woods or off the lake and build your in-town dream home on one of the 11 lots in Sibley Estates! Enjoy all of the amenities and convenience of living in town with the peace and quiet of a wooded lot, close to the Trezona trail with convenient access to a recreational trail. This lot is .8 acres. All the City Services - water, sewer and electric are in and ready for hookup.

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    $163,500 Sold Oct 11, 2024

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  • 2519 Bear Island River Rd, Ely, MN 55731

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Source: Lake Superior Area REALTORS®

MLS Number: 6099366

APN: 465017000060