NOT LISTED FOR SALE

2398 Passi Rd Ely, MN 55731

Estimated Value: $1,019,000 - $2,392,000

2 Beds
2 Baths
1,656 Sq Ft
$1,055/Sq Ft Est. Value

Last Sold August 26, 2012

Last sale price $515,000 $311 Per Sq Ft

Est. 239% increase in value since last sale

Current estimated payment $10,388/month

332 Days on Market

Highlights

  • 225 Feet of Waterfront
  • Docks
  • Deck
  • Memorial High School Rated 9+
  • Beach Access
  • Vaulted Ceiling

About This Home

As of August 2012

SPECTACULAR PANORAMIC view of BURNTSIDE LAKE from your hand scribed log home with open floor plan, formal dining area, stone gas fireplace, open loft with bath and galley kitchen featuring ceramic tile floor. The hand scribed logs are massive and extend to a beautiful deck with stairs to the lake and again a view with islands and large pine off in the distance. There is a permanent dock system and natural landscape with ledge rock outcroppings. Easy to show!!!!

Last Agent to Sell the Property

Lori Schulze

Wildwoods Land Company Listed on: 07/29/2011

Last Buyer's Agent

Lori Schulze

Wildwoods Land Company Listed on: 07/29/2011

Home Details

Home Type

  • Single Family

Year Built

  • 1999

Lot Details

  • 4.8 Acre Lot
  • Lot Dimensions are 225 x 930
  • 225 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Landscaped with Trees

Parking

  • 1 Car Detached Garage

Home Design

  • Log Cabin
  • Poured Concrete
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1,656 Sq Ft Home
  • Woodwork
  • Vaulted Ceiling
  • Gas Fireplace
  • Formal Dining Room
  • Breakfast Bar

Bedrooms and Bathrooms

  • 2 Bedrooms

Accessible Home Design

  • Wheelchair Access

Outdoor Features

  • Beach Access
  • Docks
  • Deck
  • Patio

Utilities

  • Dual Heating Fuel
  • Heating System Powered By Owned Propane
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 465-0040-01758

Home Details

Home Type

Single Family

Year Built

1999

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Ada Features: Partially Wheelchair
  • Amenities: Natural Woodwork, Vaulted Ceilings
  • Amenities Exterior: Deck, Dock, Patio
  • Estimated Number of Acres: 4.8
  • Assessments: Yes
  • Construction: Previously Owned
  • Foreclosure: Yes
  • Parcel Number: 465-0040-01758
  • Stories: 1.25 - 1.75 Story
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1999

Interior Features

  • Dining Room: Breakfast Bar, Formal Dining Room
  • Fireplace Type: Gas
  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 2
  • Room 1: Living Room, 16x27, On Level: Main
  • Room 2: Dining Room, 12x12, On Level: Main
  • Room 3: Kitchen, 10x17, On Level: Main
  • Room 5: Master Bedroom, 12x15, On Level: Main
  • Room 6: Bedroom, 21x26, On Level: Upper
  • Basement Material: Poured Concrete
  • Finished Above Grade Sq Ft: 1656
  • Total Fin Square Footage: 1656
  • Total Square Footage: 1656

Exterior Features

  • Frontage Road: County, Paved
  • Waterfront Name: Burntside
  • Construction Type: Log Home
  • Exterior: Log
  • Roof: Metal
  • Waterfront: Yes
  • Water Frontage: 225
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 1

Utilities

  • Fuel: Electric, Propane - Tank Owned
  • Heat: Dual Fuel/Off Peak
  • Sewer: Private
  • Water: Private

Lot Info

  • Estimated Lot Dimensions: 225 x 930
  • Lot/Land Description: Accessible Shoreline, Tree Coverage - Medium, Paved Streets

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2021
Sold by
Zimmer Phyllis A and Zimmer Harold L
Bought by
Zimmer Hal and Zimmer Phyllis Arn
Current Estimated Value
$1,746,426

Purchase Details

Listed on
Jul 29, 2011
Closed on
Jul 23, 2012
Sold by
The Boundary Waters Bank
Bought by
Zimmer Phyllis A and Zimmer Harold L
Seller's Agent
Lori Schulze
Wildwoods Land Company
Buyer's Agent
Lori Schulze
Wildwoods Land Company
List Price
$650,000
Sold Price
$515,000
Premium/Discount to List
-$135,000
-20.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.58%
Original Mortgage
$412,000
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2011
Sold by
Rider Russell T
Bought by
Chase Home Finance Llc

Purchase Details

Closed on
Dec 9, 2010
Sold by
Rider Russell T
Bought by
Boundary Waters Bank

Purchase Details

Closed on
Nov 17, 2008
Sold by
Rider Russell T
Bought by
Christensen Fosse Richard L and Christensen Fosse Jane
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
Zimmer Hal -- None Available
Zimmer Phyllis A $515,000 The Title Group Inc
Chase Home Finance Llc $258,221 None Available
Boundary Waters Bank $403,331 None Available
Christensen Fosse Richard L -- Arrowhead Abstract & Title C
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zimmer Phyllis A $412,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2012 08/26/12 Sold $515,000 -20.8% $311 / Sq Ft
06/25/2012 06/25/12 Pending -- -- --
07/29/2011 07/29/11 For Sale $650,000 -- $393 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $14,852 $1,369,000 $418,500 $950,500
2023 $14,852 $1,163,000 $412,400 $750,600
2022 $12,418 $975,600 $351,200 $624,400
2021 $10,560 $821,200 $299,100 $522,100
2020 $8,672 $807,000 $299,100 $507,900
2019 $7,419 $713,300 $299,100 $414,200
2018 $5,282 $629,800 $310,700 $319,100
2017 $3,526 $470,000 $310,700 $159,300
2016 $5,806 $312,800 $310,700 $2,100
2015 $5,904 $514,000 $326,700 $187,300
2014 $5,904 $514,100 $323,500 $190,600
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Lori Schulze

    Wildwoods Land Company

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4245724

REALTOR® Association of Southern Minnesota

APN: 465004001758

Minnesota St Louis County Ely 55731

2398 Passi Rd, Ely, MN

Not Listed for Sale

Detached

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