NOT LISTED FOR SALE

2296 Balsam Ely, MN 55731

Estimated Value: $188,199

2.7 Acres
$69,703 Price per Acre
117,612 Sq Ft Lot

Last Sold December 20, 2023

Last sale price $165,000

Est. 14% increase in value since last sale

Current estimated payment $1,095/month

19 Days on Market

Highlights

  • Lake Front
  • Memorial High School Rated 9+
  • Level Lot

About This Lot

As of December 2023

Sought after LAKESHORE property on 2.7 acres with 200 feet of sandy beach shoreline. Cleared building site with beautiful views of Wolf Lake. Great spot for a cabin, camper, or your dream home. This scenic lake is perfect for activities like swimming, kayaking, or fishing. Many varieties of fish including Bass, Walleye, Northern Pike, Perch, and more. Trees are a mix of Popple, Norways, Aspen, Birch, and Pines. Just a short commute to Ely, Tower, or Babbitt.

Last Agent to Sell the Property

Lisa Jackson

Ely Realty License #40430498 Listed on: 11/17/2023

Ely Realty

Last Buyer's Agent

Lisa Jackson

Ely Realty License #40430498 Listed on: 11/17/2023

Ely Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,348

Lot Details

  • 2.7 Acre Lot
  • Lot Dimensions are 336 x 440
  • Lake Front
  • Level Lot
  • Property is zoned 111

Property Details

Property Type

Land

Est. Annual Taxes

$1,348

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Lvt Date: 11/17/2023
  • Real Estate Tax: $1348.00
  • Type: Waterfront
  • Lot Size Length: 336
  • Lot Size Width: 440
  • Lake Frontage: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: Wolf Lake
  • Waterfront: 1 - Lake

Utilities

  • Utilities: Electricity

Lot Info

  • Number Of Acres: 2.7
  • Zoning: 111
  • Land Description: Cleared building site, with path to lake. 200 feet of sandy beach shoreline. Medium tree coverage.
  • Topography: Level, Rolling

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2023
Closed on
Dec 18, 2023
Sold by
Skar Kyle P and Sowka Allyssa K
Bought by
Rodgers Christopher
Seller's Agent
Lisa Jackson
Ely Realty
Buyer's Agent
Lisa Jackson
Ely Realty
List Price
$175,000
Sold Price
$165,000
Premium/Discount to List
-$10,000
-5.71%
Views
30
Current Estimated Value
$188,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,199
Avg. Annual Appreciation
7.32%

Purchase Details

Closed on
Dec 4, 2020
Sold by
Stefanich Theodore
Bought by
Skar Kyle P and Sowka Allyssa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,450
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2017
Sold by
Stefanich Theodore P
Bought by
Stefanich Gregory P and Stefanich Geraldine H

Purchase Details

Closed on
Dec 20, 2006
Sold by
Stefanich Theodore P
Bought by
Larson Mark James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 27, 2001
Sold by
Wells Fargo Bank Minnesota North Natl As
Bought by
Stefanich Theodore P

Purchase Details

Closed on
Nov 26, 1997
Sold by
Johnson Lloyd K and Johnson Dorothy J
Bought by
Stefanich Theodore P
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
Rodgers Christopher $165,000 Northeast Title Company
Skar Kyle P $117,000 Land Title Inc
Stefanich Gregory P $80,000 None Available
Larson Mark James $250,000 None Available
Stefanich Theodore P $27,000 --
Stefanich Theodore P $2,000 --
Skar Kyle Kyle $117,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Skar Kyle P $99,450
Previous Owner Larson Mark James $125,000
Closed Skar Kyle Kyle $99,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2023 12/20/23 Sold $165,000 -5.7% --
12/06/2023 12/06/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $175,000 -- --
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 $1,342 $171,400 $171,400 $0
2023 $1,342 $163,200 $163,200 $0
2022 $1,140 $163,200 $163,200 $0
2021 $1,194 $124,100 $124,100 $0
2020 $1,160 $124,100 $124,100 $0
2019 $1,144 $124,100 $124,100 $0
2018 $1,072 $124,500 $124,500 $0
2017 $1,532 $117,900 $117,900 $0
2016 $1,800 $164,700 $164,700 $0
2015 $1,807 $194,600 $194,600 $0
2014 $1,807 $194,600 $194,600 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Jackson

    Seller's Agent in 2023

    Lisa Jackson

    Ely Realty

    (507) 259-6804

    15 Total Sales

    Lisa Jackson
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Map

Source: Range Association of REALTORS®

MLS Number: 146072

Range Association of REALTORS®

APN: 465003001000

Minnesota St Louis County Ely 55731

2296 Balsam, Ely, MN

Not Listed for Sale

Lots

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