NOT LISTED FOR SALE

2234 Balsam Rd Ely, MN 55731

Estimated Value: $315,000 - $484,000

2 Beds
1 Bath
576 Sq Ft
$699/Sq Ft Est. Value

Last Sold May 11, 2023

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

Est. 24% increase in value since last sale

Current estimated payment $2,305/month

354 Days on Market

Highlights

  • 205 Feet of Waterfront
  • No HOA
  • 1-Story Property
  • Memorial High School Rated 9+
  • The kitchen features windows
  • Combination Kitchen and Dining Room

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 Listed on: 04/15/2022

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,557

Year Built

  • Built in 1991

Lot Details

  • 1.66 Acre Lot
  • Lot Dimensions are 356x205
  • 205 Feet of Waterfront
  • Lake Front
  • Many Trees

Home Design

  • Wood Siding

Interior Spaces

  • 576 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Living Room with Fireplace
  • Combination Kitchen and Dining Room
  • Crawl Space

Kitchen

  • Range
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Window Unit Cooling System
  • 100 Amp Service
  • Propane
  • The lake is a source of water for the property

Community Details

  • No Home Owners Association
  • Wolf West Subdivision

Listing and Financial Details

  • Assessor Parcel Number 465036500070

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,557

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Lake Water
  • Year Built: 1991
  • Above Grade Finished Sq Ft: 576
  • Water Body Name: Wolf Lake (Morse Twp.)
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Range, Refrigerator
  • Fireplace Features: Free Standing, Living Room, Wood Burning
  • Living Area: 576
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
  • SqFtTotal: 576.00

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • View: East, Lake, North, Panoramic
  • Other Structures: Bunk House, Other, Storage Shed
  • Lake Bottom: Gravel,Rocky,Sand
  • LakeChain: N
  • Waterfront Frontage: 205

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Other
  • Sewer: Private Sewer
  • Electric: 100 Amp Service
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,Kitchen Window,Natural Woodwork,Porch,Vaulted Ceiling(s)

Schools

  • Junior High Dist: Ely
  • SchoolDistrictPhone: 218-365-6166

Lot Info

  • Topography: Rolling
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 356x205
  • Lot Size Sq Ft: 72309.6
  • Land Lease: No
  • Lot Features: Tree Coverage - Heavy
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 465036500070
  • Tax Annual Amount: 2557
  • TaxWithAssessments: 2642.0000

Multi Family

  • WaterfrontFeatures: Lake Front

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
$397,900

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
NON-RMLS NON-RMLS
Non-MLS
List Price
$324,500
Sold Price
$320,000
Premium/Discount to List
-$4,500
-1.39%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.16%

Purchase Details

Closed on
Feb 5, 2021
Sold by
Kearney Dennis R and Okan Randy A
Bought by
Burger Philip Vincent and Burger Angela Jeanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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
05/11/2023 05/11/23 Sold $320,000 -1.4% $556 / Sq Ft
04/04/2023 04/04/23 Pending -- -- --
04/15/2022 04/15/22 For Sale $324,500 -- $563 / Sq Ft
Source: NorthstarMLS

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

  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6179691

NorthstarMLS

APN: 465036500070