NOT LISTED FOR SALE

2340 Reed Rd Ely, MN 55731

Estimated Value: $632,000 - $1,263,000

2 Beds
2 Baths
979 Sq Ft
$1,015/Sq Ft Est. Value

About This Home

This home is located at 2340 Reed Rd, Ely, MN 55731 and is currently estimated at $994,157, approximately $1,015 per square foot. 2340 Reed Rd is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 5, 2024
Sold by
Filson Bruce and Filson Joan
Bought by
Poxon Walter and Poxon Heidi
Current Estimated Value
$994,157

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$470,000
Outstanding Balance
$464,682
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$529,475
Source: Public Records

Range of Values:

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
Poxon Walter $1,270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poxon Walter $470,000
Source: Public Records

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 $8,064 $787,500 $469,800 $317,700
2023 $8,064 $750,700 $436,800 $313,900
2022 $6,416 $632,800 $371,800 $261,000
2021 $6,638 $544,200 $316,600 $227,600
2020 $6,278 $544,200 $316,600 $227,600
2019 $5,500 $544,200 $316,600 $227,600
2018 $5,490 $488,300 $276,400 $211,900
2017 $5,524 $488,400 $276,500 $211,900
2016 $5,644 $488,400 $276,500 $211,900
2015 $5,710 $502,500 $290,600 $211,900
2014 $5,710 $500,600 $288,700 $211,900
Source: Public Records

Map

Minnesota St Louis County Ely 55731

2340 Reed Rd, Ely, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes