NOT LISTED FOR SALE

2234 Balsam Ln Ely, MN 55731

Estimated Value: $347,000 - $423,000

2 Beds
1 Bath
576 Sq Ft
$678/Sq Ft Est. Value

Last Sold May 11, 2023

Last sale price $320,000 $556 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,243/month

353 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Instant Hot Water
  • Memorial High School Rated 9+
  • 1-Story Property
  • Wood Burning Fireplace

About This Home

As of May 2023

Furnished Yr Rnd Knotty Pine Cabin, Set On 1.7 Acres Adjoining Hundreds of Acres of Public Lands & 205 Ft Sandy Swimming Shoreline, Wolf Lake. Easy access to Mesabi Bike Trail. Just 10 Mi SW Of Ely—shorter commute from the south as this is on the way to Ely. Wolf is a 145 acre lake , 28 ft deep, stocked w/walleye & offering excellent walleye & bass fishing. Updated & well maintained, built 1991, 576 SF 2B/1 NEW BTH yr rnd main cabin plus 1BR summer guest cabin connected by deck. Kitchen w/L open to vaulted livingrm w/fireplace front wood stove, propane wall heater & glass door to lakeside screen porch. Gentle steps to level lakefront firepit area & dock. Timber frame woodshed/patio. Compliant septic. Dock. Vintage sauna guest cabin currently used for storage. Includes 1976 14 ft Sylvan boat, Yamaha 8HP motor & Sport by Spartan trailer & Old Town kayak!

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc License #40298563 Listed on: 04/15/2022

Last Buyer's Agent

Member Non

NON-MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,642

Year Built

  • Built in 1991

Lot Details

  • 1.7 Acre Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 576 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Crawl Space

Kitchen

  • Gas Range
  • Instant Hot Water

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Propane
  • The lake is a source of water for the property
  • Gas Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 465-0365-00070

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,642

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Guttering: Yes
  • Heat: Gas - Propane
  • Lvt Date: 04/15/2022
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 465-0365-00070
  • Patioporch: Deck, Porch, Covered, Screened
  • Real Estate Tax: 2642
  • Style: One Story
  • Type: Residential
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 576
  • Bedroom 1: Size: 9.5x9, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Refrigerator, Gas Range
  • Basement: Crawl, Wood
  • Bedroom 2: Size: 9.5x9, On Level: Main
  • Dining Room: Size: combo, On Level: Main
  • Fireplace: 1 Fireplace, Free Standing, Wood Burning
  • Kitchen: Size: 14x11, On Level: Main
  • Living Room: Size: 14x13, On Level: Main
  • Main Level Bedrooms: 2

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt, Shingle

Utilities

  • Cooling: Window Unit
  • Utilities: Septic, Lake Water System
  • Water Heater: Instant, Gas

Lot Info

  • Lot Size: Dimensions: 356x205
  • Number Of Acres: 1.7
  • Zoning: RES

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 8, 2023
Sold by
Lema Anthony R and Lema Christine C
Bought by
Christine C Lema Trust and Lema
Current Estimated Value
$390,584

Purchase Details

Listed on
Apr 15, 2022
Closed on
May 3, 2023
Sold by
Burger Philip Vincent and Burger Angela Jeanne
Bought by
Lema Anthony R and Lema Christine C
Seller's Agent
Lisa Janisch
Janisch Realty Inc
Buyer's Agent
Member Non
NON-MEMBER
List Price
$398,500
Sold Price
$320,000
Premium/Discount to List
-$78,500
-19.7%
Views
195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Listed on
Nov 13, 2020
Closed on
Feb 5, 2021
Sold by
Kearney Dennis R and Okan Randy A
Bought by
Burger Philip Vincent and Burger Angela Jeanne
Seller's Agent
Lisa Janisch
Janisch Realty Inc
Buyer's Agent
Lisa Janisch
Janisch Realty Inc
List Price
$298,500
Sold Price
$280,287
Premium/Discount to List
-$18,213
-6.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$224,230
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2016
Sold by
State Of Minnesota
Bought by
Okan Randy A and Kearney Dennis R
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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Purchase History

Date Buyer Sale Price Title Company
Christine C Lema Trust $500 None Listed On Document
Lema Anthony R $320,000 None Listed On Document
Burger Philip Vincent $280,075 None Available
Okan Randy A $73,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burger Philip Vincent $224,230
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2023 05/11/23 Sold $320,000 -1.4% $556 / Sq Ft
10/07/2022 10/07/22 Price Changed $324,500 -7.3% $563 / Sq Ft
09/10/2022 09/10/22 Price Changed $349,900 -5.0% $607 / Sq Ft
08/21/2022 08/21/22 Price Changed $368,500 -2.6% $640 / Sq Ft
08/12/2022 08/12/22 Price Changed $378,500 -2.6% $657 / Sq Ft
07/30/2022 07/30/22 Price Changed $388,500 -2.5% $674 / Sq Ft
04/15/2022 04/15/22 For Sale $398,500 0.0% $692 / Sq Ft
04/15/2022 04/15/22 Price Changed $398,500 +24.5% $692 / Sq Ft
04/15/2022 04/15/22 Off Market $320,000 -- --
04/15/2022 04/15/22 For Sale $298,500 +6.5% $518 / Sq Ft
02/05/2021 02/05/21 Sold $280,287 -6.1% $487 / Sq Ft View Prior Sale
01/21/2021 01/21/21 For Sale $298,500 0.0% $518 / Sq Ft
12/13/2020 12/13/20 Pending -- -- --
11/13/2020 11/13/20 For Sale $298,500 -- $518 / Sq Ft
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
2024 $2,646 $279,100 $192,900 $86,200
2023 $2,646 $255,400 $178,800 $76,600
2022 $1,978 $255,400 $178,800 $76,600
2021 $2,026 $170,600 $132,800 $37,800
2020 $1,904 $169,100 $131,300 $37,800
2019 $1,844 $169,100 $131,300 $37,800
2018 $1,734 $165,500 $131,300 $34,200
2017 $1,746 $156,400 $124,400 $32,000
2016 -- $156,400 $124,400 $32,000
Source: Public Records

Agents Affiliated with this Home

  • Lisa Janisch

    Seller's Agent in 2023

    Lisa Janisch

    Janisch Realty Inc

    (218) 780-6644

    304 Total Sales

    Lisa Janisch
    Section Image

  • M

    Buyer's Agent in 2023

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 143093

Range Association of REALTORS®

APN: 465036500070

Minnesota St Louis County Ely 55731

2234 Balsam Ln, Ely, MN

Not Listed for Sale

Detached

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