NOT LISTED FOR SALE

2244 Raven Ln Ely, MN 55731

Estimated Value: $252,064 - $472,000

1 Bed
-- Bath
661 Sq Ft
$569/Sq Ft Est. Value

Last Sold August 07, 2017

Last sale price $110,000 $166 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $2,142/month

315 Days on Market

Highlights

  • 1,800 Feet of Waterfront
  • Home fronts a creek
  • 61 Acre Lot
  • Memorial High School Rated 9+
  • Panoramic View
  • Vaulted Ceiling

About This Home

As of August 2017

5 miles from Ely well established, off-grid homestead that operates very nicely as such, but power is less than a half mile away if desired in the future. Main home is an octagonal log home on the top of the hill that has 3 levels--main level has the kitchen and dining area, 2nd level has the living room, and the 3rd level has the bedroom. There is also a very spacious screen porch, and a convenient front entry porch. Nice garden areas by main home. Other buildings include a greenhouse, large woodshed, and a walk-in rustic cabin that is a few hundred feet down a trail with a view of the creek valley below. There is also another year around cabin located on the property that is inhabited by a neighbor that has a life estate there. This cabin does go with the property as well. The land is rolling and private and has a nice mature tree cover. Longstorff Creek goes through the acreage and there are nice views from certain locations into the creek valley. State land on 2 sides.

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 07/23/2016

Last Buyer's Agent

Jeff Hway

Bear Island Realty LLC Listed on: 07/23/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $612

Lot Details

  • 61 Acre Lot
  • Lot Dimensions are 1320 x 1980
  • Home fronts a creek
  • 1,800 Feet of Waterfront
  • Property fronts a private road
  • Kennel
  • Many Trees

Home Design

  • Log Cabin
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 1 Bedroom
  • 661 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Beamed Ceilings
  • Vaulted Ceiling
  • Fireplace
  • Double Pane Windows
  • Wood Frame Window
  • Mud Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Panoramic Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Cooktop

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Outhouse

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Radiant Heating System
  • Water Not Available
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 465-0010-00840

Home Details

Home Type

Single Family

Est. Annual Taxes

$612

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel west on Hwy 169 approximately 3 miles to Raven Lane. Turn left and follow to the driveway on the left.
  • L O1 Office Phone1 Number: 218-365-2800
  • List Price/ Sq Ft: 166.41
  • Road Maintenance: Private
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Eat-In Kitchen, Natural Woodwork, Vaulted Ceilings, Beamed Ceilings
  • Amenities Exterior: Porch
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 661
  • Garage Type: None
  • Heat: Radiant, Wood
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 1
  • Level 1 Bedroom: Second Floor
  • RoomLevel3: Main
  • RoomLevel4: Third Floor
  • RoomLevel5: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Estimated Basement Sq Ft: 221
  • Basement Style: Crawl Space
  • Bathroom Description: None
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen
  • Extra Rooms: Mud Room
  • Fireplace: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: 3 Season Porch
  • Stories: 3 Story
  • Total Fin Square Footage: 661
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Kennel
  • Road Frontage: Private
  • Water Frontage In Feet: 1800
  • Waterfront Name: Longstorff
  • Construction Status: Previously Owned
  • Exterior: Log
  • Window Features:Insulated Windows: Double Glazed, Wood Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel

Utilities

  • Power Company: Other
  • Sewer: Private, Outhouse
  • Water: None

Schools

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

Lot Info

  • Geo Update Timestamp: 2016-07-25
  • Estimated Lot Dimensions: 1320 x 1980
  • Estimated Number of Acres: 61
  • Cultivated Acreage: LSAR
  • Geo Match Code: 1
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Heavy
  • Parcel Number: 465-0010-00840
  • Waterfront Type: Creek/Stream

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 612

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2016
Closed on
Aug 7, 2017
Sold by
Schafroth Ellen
Bought by
Rice Sam P and Rice Elizabeth M
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$110,000
Sold Price
$110,000
Current Estimated Value
$376,355

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,355
Avg. Annual Appreciation
16.21%

Purchase Details

Listed on
Jul 23, 2016
Closed on
Jul 31, 2017
Sold by
Vos Margaret A
Bought by
Schafroth Ellen
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$110,000
Sold Price
$110,000

Purchase Details

Closed on
Jan 8, 2009
Sold by
Vos Margaret A
Bought by
Schafroth Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
5.19%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Rice Sam P $110,000 Northwest Title Company
Schafroth Ellen $72,000 Northeast Title Company
Schafroth Ellen $72,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schafroth Ellen $64,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2017 08/07/17 Sold $110,000 0.0% $166 / Sq Ft
06/03/2017 06/03/17 Pending -- -- --
07/23/2016 07/23/16 For Sale $110,000 -- $166 / Sq Ft
Source: Lake Superior Area 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 $1,748 $174,000 $126,500 $47,500
2022 $1,436 $154,600 $113,300 $41,300
2021 $1,496 $129,500 $93,500 $36,000
2020 $1,402 $127,400 $93,500 $33,900
2019 $1,268 $127,400 $93,500 $33,900
2018 $678 $118,100 $95,600 $22,500
2017 $626 $118,200 $95,700 $22,500
2016 $612 $112,100 $91,700 $20,400
2015 $616 $86,700 $74,500 $12,200
2014 $616 $86,700 $74,500 $12,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6024202

APN: 465001000840