NOT LISTED FOR SALE

2292 Passi Rd Ely, MN 55731

Estimated Value: $427,000 - $547,540

2 Beds
0.5 Bath
616 Sq Ft
$784/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $335,000 $544 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,986/month

159 Days on Market

Highlights

  • Private Waterfront
  • Deck
  • Living Room
  • Memorial High School Rated 9+
  • 1 Car Detached Garage
  • Bathroom on Main Level

About This Home

As of April 2021

Nice gently sloping lot with accessible Burntside Lake shoreline on a nice quiet bay. Rustic cabin, sauna and one car garage that needs some TLC. A great lot with protected shoreline - great for someone who has an airplane and is looking for just the right spot to build new. This two lot parcel offers privacy and developed lake access with dock. Views are to the southeast of a quiet bay on Burntside Lake

Last Agent to Sell the Property

Jerry Fink

Canoe Capital Realty, LLC Listed on: 09/02/2020

Last Buyer's Agent

Jerry Fink

Canoe Capital Realty, LLC Listed on: 09/02/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,090

Year Built

  • Built in 1950

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 202 x 260
  • Private Waterfront
  • 202 Feet of Waterfront
  • Lake Front

Parking

  • 1 Car Detached Garage

Home Design

  • Cabin
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 616 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 0.5 Bathroom

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Wood
  • Water Not Available
  • Sewer Holding Tank

Listing and Financial Details

  • Assessor Parcel Number 465-0190-00150

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,090

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely North on County Road 88 to right on Echo Trail, 5 miles to left on Passi Road to 2292 Passi Road
  • L O1 Office Phone1 Number: 218-365-8689
  • Property Sub-Type: Seasonal
  • Tax Year: 2020
  • Lot Description Waterfront: Yes
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 616
  • Garage Type: Detached
  • Heat: Wood
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Bathroom
  • TotalBedrooms: 2
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: N/A
  • Basement Style: Posts
  • Bathroom Description: 1/2 Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Bedroom
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Deck
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 616
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 202
  • Waterfront Name: Burntside
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Capacity: 1
  • ParkingFeaturesGarageDimensions: 12 x 22

Utilities

  • Power Company: Lake Country Power
  • Sewer: Holding Tank
  • Water: None

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 202 x 260
  • Estimated Number of Acres: 1.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465-0190-00150
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3090

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Apr 1, 2021
Sold by
Vukelich Patricia Jane and Lewis Family Irrevocable Trust
Bought by
Kk & Pi Llc
Seller's Agent
Jerry Fink
Canoe Capital Realty, LLC
Buyer's Agent
Jerry Fink
Canoe Capital Realty, LLC
List Price
$335,000
Sold Price
$335,000
Current Estimated Value
$483,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,135
Avg. Annual Appreciation
8.07%
Original Mortgage
$268,000
Outstanding Balance
$220,868
Interest Rate
3%
Mortgage Type
Commercial
Estimated Equity
$262,267
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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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
Kk & Pi Llc $335,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kk & Pi Llc $268,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $335,000 0.0% $544 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
09/02/2020 09/02/20 For Sale $335,000 -- $544 / 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
2024 $5,456 $465,700 $358,600 $107,100
2023 $5,456 $461,200 $353,000 $108,200
2022 $3,216 $359,200 $299,900 $59,300
2021 $3,264 $277,800 $226,000 $51,800
2020 $3,090 $277,800 $226,000 $51,800
2019 $3,868 $277,800 $226,000 $51,800
2018 $3,858 $347,700 $297,700 $50,000
2017 $3,882 $347,600 $297,600 $50,000
2016 $4,054 $347,600 $297,600 $50,000
2015 $4,120 $363,300 $313,300 $50,000
2014 $4,117 $363,100 $313,300 $49,800
Source: Public Records

Agents Affiliated with this Home

  • Jerry Fink

    Seller's Agent in 2021

    Jerry Fink

    Canoe Capital Realty, LLC

    (218) 343-1318

    52 Total Sales

    Jerry Fink
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6092845

APN: 465019000150

Minnesota St Louis County Ely 55731

2292 Passi Rd, Ely, MN

Not Listed for Sale

Detached

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