NOT LISTED FOR SALE

2522 Bear Island River Rd Ely, MN 55731

Ely Area

Estimated Value: $228,992 - $360,000

1 Bed
-- Bath
864 Sq Ft
$318/Sq Ft Est. Value

Sale Details

Date Sold: July 2, 2013

Last sale price $112,000 $130 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $1,653 / mo

462 Days on Market

Highlights

  • Sauna
  • Deck
  • Log Cabin
  • Memorial High School Rated 9+
  • Vaulted Ceiling
  • 2 Car Detached Garage

About This Home

As of July 2013

Year round log cabin nicely situated on a 9+ acre wooded parcel very close to Bear Island Lake. This 24' x 24' cabin has a wrap around deck on 2 sides and a loft bedroom. Heat is provided by two separate propane furnaces, one is a cast iron stove. Power is currently being supplied by a small solar system sufficient to power the lights, ceiling fan, and the microwave. Electricity is also available about 200+/- feet away. Property also includes a classic cedar sauna building which has a wood fired stove and a changing room. There is also a 24' x 30' 2-stall garage on the property. The property presently features an outhouse, but the property has been approved for a septic system. There are trails on the property for hiking or skiing and nearby Bear Island Lake can provide unlimited recreational opportunities as well.

Last Agent to Sell the Property

Phil Hyde

Bear Island Land Co., Inc Listed on: 03/13/2012

Last Buyer's Agent

Kate Davies

Bear Island Land Co., Inc

Home Details

Home Type

  • Single Family

Year Built

  • 2006

Lot Details

  • 9.45 Acre Lot
  • Property fronts a county road
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Log Cabin
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 1 Bedroom
  • 864 Sq Ft Home
  • Woodwork
  • Vaulted Ceiling
  • Skylights
  • Free Standing Fireplace
  • Combination Kitchen and Dining Room
  • Sauna

Outdoor Features

  • Deck
  • Outhouse

Utilities

  • Forced Air Heating System
  • Heating System Powered By Owned Propane

Listing and Financial Details

  • Assessor Parcel Number 625-0010-01380

Home Details

Home Type

Single Family

Year Built

2006

Lot Details

9.45 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Amenities: Natural Woodwork, Skylight, Vaulted Ceilings
  • Amenities Exterior: Deck, Sauna
  • Estimated Number of Acres: 9.45
  • Construction: Previously Owned
  • Parcel Number: 625-0010-01380
  • Stories: 1.25 - 1.75 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2006

Interior Features

  • Dining Room: Combine with Kitchen
  • Fireplace Type: Free Standing
  • Total Bedrooms: 1
  • Room 1: Living Room, 12x24, On Level: Main
  • Room 2: Dining Room, 12x12, On Level: Main
  • Room 3: Kitchen, 12x12, On Level: Main
  • Room 5: Master Bedroom, 12x24, On Level: Second Floor
  • Finished Above Grade Sq Ft: 864
  • Total Fin Square Footage: 864
  • Total Square Footage: 864

Exterior Features

  • Frontage Road: County
  • Construction Type: Log Home
  • Exterior: Log
  • Out Buildings: Outhouse
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Propane - Tank Owned
  • Heat: Fireplace, Forced Air

Lot Info

  • Estimated Lot Dimensions: 9.45
  • Lot/Land Description: Tree Coverage - Medium

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2012
Closed on
Jun 28, 2013
Sold by
Bought by
Seller's Agent
Phil Hyde
Bear Island Land Co., Inc
Buyer's Agent
Kate Davies
Bear Island Land Co., Inc
List Price
$136,000
Sold Price
$112,000
Premium/Discount to List
-$24,000
-17.65%
Current Estimated Value
$274,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,998
Avg. Annual Appreciation
7.11%
Original Mortgage
$89,600
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 21, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 27, 2010
Sold by
Bought by

Purchase Details

Closed on
Jul 31, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,910
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 16, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 13, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2005
Sold by
Bought by

Purchase Details

Closed on
Nov 5, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 22, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 6, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 5, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$112,000 Northeast Title Company Ely
-- None Available
-- None Available
$139,900 Northeast Title Company
$44,900 Northeast Title Company
$44,900 Northeast Title Company
$50,000 Ne Title
$36,500 Arrowhead Abstract & Title C
$67,900 Arrowhead Abstract & Title C
$44,900 Arrowhead Abstract & Title C
$48,500 Arrowhead Abstract & Title C
$374,378 Walsh Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $89,600
Previous Owner $125,910
Previous Owner $93,000
Previous Owner $45,000
Previous Owner $60,000
Previous Owner $350,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2013 07/02/13 Sold $112,000 -17.6% $130 / Sq Ft
06/18/2013 06/18/13 Pending -- -- --
03/13/2012 03/13/12 For Sale $136,000 -- $157 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,856 $172,300 $50,700 $121,600
2023 $1,822 $150,100 $44,800 $105,300
2022 $1,560 $136,600 $40,900 $95,700
2021 $1,492 $120,900 $33,900 $87,000
2020 $1,416 $112,200 $33,900 $78,300
2019 $1,438 $112,200 $33,900 $78,300
2018 $1,434 $116,100 $37,800 $78,300
2017 $1,438 $116,100 $37,800 $78,300
2016 $1,400 $116,100 $41,000 $75,100
2015 $1,369 $116,100 $41,000 $75,100
2014 $1,369 $116,100 $41,000 $75,100
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2013

    Phil Hyde

    Bear Island Land Co., Inc

  • K

    Buyer's Agent in 2013

    Kate Davies

    Bear Island Land Co., Inc

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4246568

REALTOR® Association of Southern Minnesota

APN: 625001001380

Minnesota St Louis County Ely 55731

2522 Bear Island River 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.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.