NOT LISTED FOR SALE

2184 Passi Rd Ely, MN 55731

Estimated Value: $597,000 - $817,000

2 Beds
3 Baths
1,624 Sq Ft
$421/Sq Ft Est. Value

Last Sold August 23, 2020

Last sale price $440,000 $271 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $4,297/month

68 Days on Market

About This Home

As of August 2020

You can view Burntside Lake's enchanting sky blue waters from every room in this fully-furnished and accessorized, cabin home built only 25 feet from the level shoreline. One-level living, plus a private upstairs guest suite for live-ins or guests has indoor and outdoor stairways. The home is attractively finished with wood cabinets, knotty pine, brick fireplace and a vaulted ceiling in the living room. At water's edge, a deck surrounds the sauna cottage with sleeping area and a wet boathouse. There is a central heating system. The wood and fuel oil furnaces are located in the attached utility room which also houses a workshop. A wood shed stores wood for the sauna, fireplace and wood-burning furnace. There is a lake water system.

Last Listed By

Karen Zupancich

Edina Realty, Inc. License #91118 Listed on: 05/18/2020

Edina Realty, Inc.

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,044

Year Built

1955

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Post And Beam, Wood Frame
  • Heat: Oil, Wood, Baseboard, Hot Water
  • Lvt Date: 05/18/2020
  • Main Level Bathrooms: 2
  • Number Of Bedrooms: 2
  • Parcel Code Number: 465-0170-00130
  • Patioporch: Deck, Porch
  • Real Estate Tax: 1456
  • Style: 1 1/2 Story
  • Total Above Grade Sq Ft: 1624
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 1955
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 1624
  • Bedroom 1: Size: 12 x 16, On Level: Main
  • Total Bathrooms: 3
  • Appliances: Dishwasher, Electric Range, Garage Opener, Hood, Microwave, Refrigerator, Washer, Elec. Dryer
  • Basement: Crawl
  • Bedroom 2: Size: 14 x 28, On Level: Upper
  • Bedroom 3: Size: off kitche, On Level: Main
  • Fireplace: 1 Fireplace, Wood Burning
  • Kitchen: Size: 14 x 28, On Level: Main
  • Living Room: Size: 16 x 20, On Level: Main
  • Main Level Bedrooms: 1
  • Main Level Sq Ft: 1232
  • Other Room 2: Sauna, Size: 16 x 20
  • Other Room 3: Boathouse, Size: 24 x 26
  • Upper Level Sq Ft: 392

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt

Garage/Parking

  • Garage: 2 Stalls, Detached
  • Garage Size: 2

Utilities

  • Utilities: Septic, Lake Water System
  • Water Heater: Electric

Schools

  • School District: Ely-696

Lot Info

  • Lot Size: Dimensions: 500x200
  • Number Of Acres: 3.43
  • Zoning: 151

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2020
Closed on
Oct 22, 2020
Sold by
Leustek Harold and Leustek Mercedes
Bought by
Westrum Joel A and Westrum Karime Reveiz
Seller's Agent
Karen Zupancich
Edina Realty, Inc.
Buyer's Agent
Karen Zupancich
Edina Realty, Inc.
List Price
$489,000
Sold Price
$440,000
Premium/Discount to List
-$49,000
-10.02%
Total Days on Market
68
Current Estimated Value
$684,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,246
Avg. Annual Appreciation
10.43%
Original Mortgage
$352,000
Outstanding Balance
$319,385
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$383,370

Purchase Details

Listed on
May 18, 2020
Closed on
Aug 11, 2020
Sold by
Leustek Harold and Leustek Mercedes
Bought by
Westrum Joel and Reveiz Karine
Seller's Agent
Karen Zupancich
Edina Realty, Inc.
Buyer's Agent
Karen Zupancich
Edina Realty, Inc.
List Price
$489,000
Sold Price
$440,000
Premium/Discount to List
-$49,000
-10.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6%
Mortgage Type
Land Contract Argmt. Of Sale

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 Buyer Sale Price Title Company
Westrum Joel A $440,000 Northeast Title Company
Westrum Joel $440,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westrum Joel A $352,000
Previous Owner Westrum Joel $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2020 08/23/20 Sold $440,000 -8.1% $271 / Sq Ft
07/25/2020 07/25/20 Pending -- -- --
07/01/2020 07/01/20 Price Changed $479,000 -1.0% $295 / Sq Ft
06/08/2020 06/08/20 Price Changed $484,000 -1.0% $298 / Sq Ft
05/18/2020 05/18/20 For Sale $489,000 -2.2% $301 / Sq Ft
08/20/2014 08/20/14 Sold $500,000 -- $308 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
Source: Range Association of 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
2023 $6,044 $615,700 $409,900 $205,800
2022 $5,152 $519,800 $348,500 $171,300
2021 $3,322 $445,700 $296,400 $149,300
2020 $2,912 $277,700 $128,400 $149,300
2019 -- $264,300 $115,000 $149,300
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Karen Zupancich

    Edina Realty, Inc.

    (218) 349-2565

    23 Total Sales

    Karen Zupancich
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 139407

Range Association of REALTORS®

APN: 465017000130

Minnesota St Louis County Ely 55731

2184 Passi Rd, Ely, MN

Homes for Sale in Ely, MN

This home is located at 2184 Passi Rd, Ely, MN 55731 since 18 May 2020 and is currently estimated at $684,246, approximately $421 per square foot. This property was built in 1955. 2184 Passi Rd 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.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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