NOT LISTED FOR SALE

2492 Grant McMahan Blvd Ely, MN 55731

Estimated Value: $192,000 - $470,000

19.59 Acres
$16,168 Price per Acre
853,340 Sq Ft Lot

Last Sold June 30, 2014

Last sale price $60,500

Est. 424% increase in value since last sale

Current estimated payment $1,784/month

242 Days on Market

Highlights

  • 19.59 Acre Lot
  • Hilly Lot
  • Storage Shed
  • Memorial High School Rated 9+
  • Landscaped with Trees

About This Lot

As of June 2014

Approximately 20 acres with access to Burntside River, with driveway, prepared building site, power, and septic system already in place. From the prepared building site you have nice panoramic views across the Burntside River Valley and of the river. The tree cover includes, pine, birch, aspen, maple, fir, spruce, and cedar. Also has a small storage shed that could be used as a bunk house.

Last Agent to Sell the Property

Wesley Crawford

Wildwoods Land Company Listed on: 09/30/2013

Last Buyer's Agent

Patricia Bulinski

Bear Island Land Co., Inc

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,416

Lot Details

  • 19.59 Acre Lot
  • Lot Dimensions are 650x1285
  • Hilly Lot
  • Landscaped with Trees

Parking

  • Gravel Driveway

Additional Features

  • Storage Shed
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 465-0040-03820 parcel split

Property Details

Property Type

Land

Est. Annual Taxes

$1,416

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Classification: Nonhomestead
  • Sub Type: Residential
  • Amenities Exterior: Driveway - Gravel
  • Parcel Number: 465-0040-03820 parcel split
  • Estimated Number of Acres: 19.59
  • Additional Information: Abstract, Survey
  • Development Status: Raw Land
  • Land Improvements: Private
  • Topography: Hilly, Lowland
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Out Buildings: Storage Shed

Utilities

  • Available Utilities: Electric, Private Septic
  • On Site Utilities: Private Septic

Lot Info

  • Lot/Land Description: Tree Coverage - Medium
  • Estimated Lot Dimensions: 650x1285

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2013
Closed on
Jun 30, 2014
Sold by
Gilgosch Michael A and Sutton Linda O
Bought by
Feichtinger Adam and Feichtinfer Tessa M
Seller's Agent
Wesley Crawford
Wildwoods Land Company
Buyer's Agent
Patricia Bulinski
Bear Island Land Co., Inc
List Price
$68,500
Sold Price
$60,500
Premium/Discount to List
-$8,000
-11.68%
Current Estimated Value
$316,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,239
Avg. Annual Appreciation
15.73%
Original Mortgage
$72,600
Outstanding Balance
$22,527
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$294,212

Purchase Details

Closed on
Feb 18, 2011
Sold by
Gilgosch Michael A and Sutton Linda D
Bought by
Gilgosch Michael A and The Trust Agreement Of Michael

Purchase Details

Closed on
Nov 30, 2004
Sold by
Hway Jeffrey A and Hway Donna L
Bought by
Gilgosch Michael A and Sutton Linda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 11, 2004
Sold by
Turner Joseph M
Bought by
Shusta Michael J and Shusta Patricia

Purchase Details

Closed on
Oct 29, 2003
Sold by
Shusta Michael J and Shusta Patricia A
Bought by
Turner Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Feichtinger Adam $91,000 Northeast Title Company
Gilgosch Michael A -- None Available
Gilgosch Michael A $85,000 Consolidated Title & Abstrac
Shusta Michael J -- Northeast Title Company
Turner Joseph M $120,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Feichtinger Adam $72,600
Previous Owner Gilgosch Michael A $52,000
Previous Owner Turner Joseph M $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2014 06/30/14 Sold $60,500 -11.7% --
05/30/2014 05/30/14 Pending -- -- --
09/30/2013 09/30/13 For Sale $68,500 -- --
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 $1,416 $222,700 $96,700 $126,000
2023 $1,416 $185,500 $83,700 $101,800
2022 $1,324 $163,900 $75,400 $88,500
2021 $1,146 $140,000 $63,000 $77,000
2020 $1,040 $135,600 $63,000 $72,600
2019 $800 $135,600 $63,000 $72,600
2018 $792 $121,100 $77,900 $43,200
2017 $696 $121,100 $77,900 $43,200
2016 $650 $111,600 $74,800 $36,800
2015 $451 $74,800 $74,800 $0
2014 $451 $74,800 $74,800 $0
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2014

    Wesley Crawford

    Wildwoods Land Company

  • P

    Buyer's Agent in 2014

    Patricia Bulinski

    Bear Island Land Co., Inc

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4544723

REALTOR® Association of Southern Minnesota

APN: 465004003820

Minnesota St Louis County Ely 55731

2492 Grant McMahan Blvd, Ely, MN

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