NOT LISTED FOR SALE

2532 Verbick Rd Ely, MN 55731

Estimated Value: $434,000 - $563,000

2 Beds
2 Baths
1,440 Sq Ft
$348/Sq Ft Est. Value

Sale Details

Date Sold: May 29, 2020

Last sale price $229,669 $159 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $3,062 / mo

142 Days on Market

Highlights

  • Private Waterfront
  • Ranch Style House
  • Living Room
  • Memorial High School Rated 9+
  • 2 Car Detached Garage
  • Bathroom on Main Level

About This Home

As of May 2020

Year round living or an amazing retreat opportunity! The serenity and breathtaking lake views are worth the drive! The beautiful stone fireplace is centrally located for optimal charm and ambience while you entertain or enjoy a quiet evening in! Multiple decks to enjoy the weather and stunning views, along with a large screen porch! The oversized two car garage offers an additional workshop space and offers a separate electrical panel. The stair case leads you to the lakeshore and cable system dock. You won't want to miss this one!

Last Agent to Sell the Property

Tim Collelo

Tim Collelo Realty, LLC Listed on: 12/24/2019

Last Buyer's Agent

Jerry Fink

Canoe Capital Realty, LLC License #MN 20587769

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,904

Year Built

  • Built in 1996

Lot Details

  • 30,492 Sq Ft Lot
  • Private Waterfront
  • 118 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • Gas Fireplace
  • Living Room
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 2 Bathrooms

Utilities

  • Ductless Heating Or Cooling System
  • Boiler Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 625-0025-00140

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,904

Year Built

Built in 1996

Lot Details

0.7 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: HWY 21 North of Babbitt, West on Verbick Road. Sign out front
  • L O1 Office Phone1 Number: 218-878-0583
  • PropAdjoinsPublicLand: No
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1440
  • Garage Type: Detached
  • Heat: Boiler, Fireplace, Ductless/Mini Split, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1996
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Ranch/Rambler
  • Special Features: Auction
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Basement Material: N/A
  • Basement Style: Crawl Space, Posts
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bathroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1440
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 118
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 84x360 (estimated)
  • Estimated Number of Acres: 0.7
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 625-0025-00140
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 2904

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

Closed on
Dec 30, 2024
Sold by
Bought by
Current Estimated Value
$501,448

Purchase Details

Listed on
Dec 24, 2019
Closed on
May 27, 2020
Sold by
Bought by
Seller's Agent
Tim Collelo
Tim Collelo Realty, LLC
Buyer's Agent
Jerry Fink
Canoe Capital Realty, LLC
List Price
$229,669
Sold Price
$229,669

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.75%

Purchase Details

Closed on
Jun 19, 2019
Sold by
Bought by
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

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
-- None Listed On Document
$500 None Listed On Document
$228,375 None Available
-- None Available
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
05/29/2020 05/29/20 Sold $229,669 0.0% $159 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
12/24/2019 12/24/19 For Sale $229,669 -- $159 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $4,296 $405,100 $177,200 $227,900
2023 $4,320 $325,200 $143,200 $182,000
2022 $3,240 $265,800 $130,400 $135,400
2021 $3,444 $250,800 $120,700 $130,100
2020 $2,792 $250,600 $110,400 $140,200
2019 $2,904 $250,600 $110,400 $140,200
2018 $2,884 $265,600 $121,800 $143,800
2017 $2,904 $265,600 $121,800 $143,800
2016 $2,868 $265,800 $114,800 $151,000
2015 $2,776 $252,500 $109,100 $143,400
2014 $2,776 $252,500 $109,100 $143,400
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tim Collelo

    Tim Collelo Realty, LLC

    (218) 878-0583

    157 Total Sales

    Tim Collelo
    Section Image
  • Jerry Fink

    Buyer's Agent in 2020

    Jerry Fink

    Canoe Capital Realty, LLC

    (218) 343-1318

    43 Total Sales

    Jerry Fink
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6087839

APN: 625002500140

Minnesota St Louis County Ely 55706

2532 Verbick Rd, Ely, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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