$440,000
SOLD AUG 23, 2020

2184 Passi Rd Ely, MN 55731

2 Beds
3 Baths
1,624 Sq Ft
3.43 Acres

Recently Sold

$271 Per Sq Ft

10% Below List Price

68 Days on Market

Highlights

  • Deck
  • Porch
  • Wood Burning Fireplace
  • Detached Garage
  • Baseboard Heating

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 Agent to Sell the Property

Karen Zupancich

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

Edina Realty, Inc.

Last Buyer's Agent

Karen Zupancich

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

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,456

Year Built

  • Built in 1955

Lot Details

  • 3.43 Acre Lot
  • Property is zoned 151

Home Design

  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,624 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Wood
  • The lake is a source of water for the property
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 465-0170-00130

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,456

Year Built

Built in 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%
Current Estimated Value
$701,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,119
Avg. Annual Appreciation
9.92%
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
Source: Public Records

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Range of Values:

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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
Warranty Deed $440,000 Northeast Title Company
Land Contract $440,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $352,000 Commercial
Previous Owner $240,000 Land Contract Argmt. Of Sale
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

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Map

Source: Range Association of REALTORS®

MLS Number: 139407

Range Association of REALTORS®

APN: 465017000130