NOT LISTED FOR SALE

2526 Morrison Island Ely, MN 55731

Estimated Value: $443,000 - $665,000

2 Beds
-- Bath
636 Sq Ft
$868/Sq Ft Est. Value

Last Sold May 17, 2021

Last sale price $370,000 $582 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,211/month

30 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Panoramic View
  • Memorial High School Rated 9+
  • Beach Access
  • Island Location

About This Home

As of May 2021

Magical, peaceful and relaxing on the edge of your covered deck with your feet dangling in the beautiful blue waters of Burntside Lake!! This private Island has mature trees, ledge rock outcroppings, blueberries and sandy beach to pull up your boat, canoe or kayak. A well maintained vintage, 2 bedroom cabin with open kitchen, bump out for dining over looking the water and a living area hosting big water views of Burntside Lake on the waters edge. The Island also features an 8 x 14 sleeper cabin and utility shed. This is where memories are made!

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 02/09/2021

Keller Williams Classic Realty NW - Ely

Co-Listed By

Chris Eilrich

Wildwoods Land Company

Last Buyer's Agent

Jeff Hway

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,029

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 290 x 127
  • Private Waterfront
  • 705 Feet of Waterfront
  • Lake Front
  • Lot Has A Rolling Slope
  • Landscaped with Trees

Parking

  • No Garage

Property Views

  • Lake
  • Panoramic

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2 Bedrooms
  • 636 Sq Ft Home
  • 1-Story Property
  • Free Standing Fireplace
  • Living Room
  • Dining Room

Kitchen

  • Breakfast Area or Nook
  • Range

Outdoor Features

  • Beach Access
  • Docks
  • Deck
  • Storage Shed
  • Outhouse

Utilities

  • Heating System Uses Wood
  • Water Not Available

Additional Features

  • Island Location
  • Bunk House

Listing and Financial Details

  • Assessor Parcel Number 465-0040-04940

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,029

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Wolf Lake Rd Burntside access 3/4 of a mile due north Red Steel Roof on cabin
  • L O1 Office Phone1 Number: 218-365-3665
  • ShorelineCharacteristics: Gravel, Hard, Rocky, Sand, Shore-Accessible, Shore-Beach
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Twp Number: 63N
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Amenities Exterior: Deck, Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 636
  • Garage Type: None
  • Heat: Wood
  • Fireplaces: 1
  • MainFloorBath: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Dining Room
  • TotalBedrooms: 2
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Material: N/A
  • Basement Style: Posts
  • Bathroom Description: None
  • Formal Dining: Breakfast Nook
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Other
  • Total Fin Square Footage: 636
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed, Bunkhouse
  • Waterfront Access: Private
  • Water Frontage In Feet: 705
  • Waterfront Name: Burntside
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: None
  • Sewer: Outhouse
  • Water: None

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 290 x 127
  • Estimated Number of Acres: 0.6
  • Cultivated Acreage: LSAR
  • Lot Description: Tree Coverage - Medium, Rolling, Island/Peninsula
  • Parcel Number: 465-0040-04940
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 3029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2024
Sold by
Buss David C and Buss Melissa E
Bought by
David C Buss Trust and Buss
Current Estimated Value
$552,116

Purchase Details

Listed on
Feb 9, 2021
Closed on
May 14, 2021
Sold by
Morrison Family Limited Partnership
Bought by
Buss David C and Buss Melissa E
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$370,000
Sold Price
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.41%

Purchase Details

Closed on
Dec 21, 2000
Sold by
Morrison Ramona L
Bought by
Morrison Family Ltd Partnership
Source: Public Records

Range of Values:

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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
David C Buss Trust $500 None Listed On Document
Buss David C $370,000 Northeast Title Company
Morrison Family Ltd Partnership -- --
Buss David David $370,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2021 05/17/21 Sold $370,000 0.0% $582 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
02/09/2021 02/09/21 For Sale $370,000 -- $582 / Sq Ft
Source: Lake Superior Area 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 $3,854 $408,400 $315,600 $92,800
2023 $3,854 $439,100 $342,200 $96,900
2022 $3,014 $371,800 $291,100 $80,700
2021 $3,114 $260,300 $204,100 $56,200
2020 $2,936 $260,300 $204,100 $56,200
2019 $2,976 $260,300 $204,100 $56,200
2018 $2,968 $265,400 $220,800 $44,600
2017 $2,986 $265,400 $220,800 $44,600
2016 $3,070 $265,400 $220,800 $44,600
2015 $3,064 $276,800 $232,200 $44,600
2014 $3,064 $272,100 $232,200 $39,900
Source: Public Records

Agents Affiliated with this Home

  • Lori Schulze

    Seller's Agent in 2021

    Lori Schulze

    Keller Williams Classic Realty NW - Ely

    (218) 343-1787

    122 Total Sales

    Lori Schulze
    Section Image

  • C

    Seller Co-Listing Agent in 2021

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    149 Total Sales

    Chris Eilrich
    Section Image
  • Jeff Hway

    Buyer's Agent in 2021

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    168 Total Sales

    Jeff Hway
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6094860

APN: 465004004940

Minnesota St Louis County Ely 55731

2526 Morrison Island, Ely, MN

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