NOT LISTED FOR SALE

2515 Verbick Rd Ely, MN 55731

Estimated Value: $223,000 - $339,000

2 Beds
1 Bath
768 Sq Ft
$359/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $200,000 $260 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,631/month

83 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Memorial High School Rated 9+
  • 1-Story Property
  • Ceiling Fan

About This Home

As of December 2021

Located off Verbick Rd., this country home features 2 bedrooms, 1 bath and a full walkout basement. The house sits on almost 6 nicely wooded acres and offers great privacy. Tastefully finished with tongue and groove, wood beams and natural paint colors, this home fits right in to the Northwoods environment. The unfinished basement would make a great rec. room or additional bedroom space. Recent updates include.....renovated kitchen with new appliances, bathroom, metal roof, propane furnace and hardwood floors. Home is finished with cedar siding and a large deck. There is a two-stall detached garage with a workshop area and two storage sheds. Newer emergency generator (wired in) included. Located just 1/4 mile from the Bear Island Lake public access. Enjoy country living near Bear Island Lake.

Last Agent to Sell the Property

Don Stocks

Wildwoods Land Company License #20556658 Listed on: 08/17/2021

Last Buyer's Agent

Member Non

NON-MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $947

Year Built

  • Built in 1991

Lot Details

  • 5.8 Acre Lot
  • Property is zoned SMU-7

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Well
  • Electric Water Heater
  • Septic System
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 625-0025-00020 & 00030

Home Details

Home Type

Single Family

Est. Annual Taxes

$947

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Gas, Forced Air
  • Lvt Date: 08/17/2021
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 625-0025-00020 & 00030
  • Patioporch: Deck
  • Real Estate Tax: 947.00
  • Style: One Story
  • Type: Residential
  • Year Built: 1991
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 768
  • Bedroom 1: Size: 12 x 12, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Dishwasher, Refrigerator, Gas Range
  • Basement: Block, Full, Walkout
  • Bedroom 2: Size: 10 x 8, On Level: Main
  • Dining Room: Size: 12 x 9, On Level: Main
  • Kitchen: Size: 11 x 10, On Level: Main
  • Living Room: Size: 12 x 13, On Level: Main
  • Main Level Bedrooms: 2

Exterior Features

  • Exterior: Wood
  • Roof: Metal

Garage/Parking

  • Garage: 2 Stalls, Detached
  • Garage Capacity: 2
  • Garage Size: 28 x 24

Utilities

  • Cooling: Ceiling Fan
  • Utilities: Septic, Well, Telephone
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 617x407
  • Number Of Acres: 5.8
  • Zoning: SMU-7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2021
Closed on
Dec 22, 2021
Sold by
Dale Krings Jim
Bought by
Krings Darla
Seller's Agent
Don Stocks
Wildwoods Land Company
Buyer's Agent
Member Non
NON-MEMBER
List Price
$240,000
Sold Price
$200,000
Premium/Discount to List
-$40,000
-16.67%
Current Estimated Value
$275,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,592
Avg. Annual Appreciation
8.24%
Original Mortgage
$180,000
Outstanding Balance
$164,916
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$110,676

Purchase Details

Listed on
Aug 17, 2021
Closed on
Dec 17, 2021
Sold by
Darla Krings
Bought by
Zabel Kimberly A and Zabel Mark A
Seller's Agent
Don Stocks
Wildwoods Land Company
Buyer's Agent
Member Non
NON-MEMBER
List Price
$240,000
Sold Price
$200,000
Premium/Discount to List
-$40,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$164,916
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$110,676
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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Purchase History

Date Buyer Sale Price Title Company
Krings Darla -- --
Zabel Kimberly A $200,000 Northeast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zabel Kimberly A $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $200,000 -16.7% $260 / Sq Ft
11/08/2021 11/08/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $240,000 -- $313 / Sq Ft
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 $2,276 $209,600 $55,500 $154,100
2023 $2,276 $183,400 $49,900 $133,500
2022 $1,000 $167,600 $46,200 $121,400
2021 $800 $118,300 $33,600 $84,700
2020 $726 $98,000 $39,800 $58,200
2019 $692 $98,000 $39,800 $58,200
2018 $686 $98,000 $39,800 $58,200
2017 $632 $98,000 $39,800 $58,200
2016 $1,188 $92,600 $35,600 $57,000
2015 $1,155 $92,600 $35,600 $57,000
2014 $1,155 $92,600 $35,600 $57,000
Source: Public Records

Agents Affiliated with this Home

  • Don Stocks

    Seller's Agent in 2021

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    104 Total Sales

    Don Stocks
    Section Image

  • M

    Buyer's Agent in 2021

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 142150

Range Association of REALTORS®

APN: 625002500020

Minnesota St Louis County Ely 55731

2515 Verbick Rd, Ely, MN

Not Listed for Sale

Detached

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