NOT LISTED FOR SALE

2539 Verbick Rd Ely, MN 55731

Estimated Value: $108,857 - $172,000

2.5 Acres
$51,886 Price per Acre
108,900 Sq Ft Lot

Last Sold July 01, 2016

Last sale price $33,000 $43 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $570/month

109 Days on Market

Highlights

  • Views
  • Many Trees
  • Storage Shed
  • Memorial High School Rated 9+
  • Level Lot

About This Lot

As of July 2016

Peace and quiet with views of scenic Bear Island Lake just a short walk from a remote gravel boat landing. The leg work is all done on this lot with the power in, dug well, driveway and a recently leveled building site are in. Creek on the parcel with year round access off a dead end country lane.

Last Agent to Sell the Property

Bruce Chernak

Bear Island Realty LLC Listed on: 01/25/2016

Last Buyer's Agent

Jeff Hway

Bear Island Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $160

Lot Details

  • 2.5 Acre Lot
  • Street terminates at a dead end
  • Level Lot
  • Irregular Lot
  • Many Trees
  • Finished Lot(s)

Outdoor Features

  • Storage Shed

Utilities

  • Private Company Owned Well
  • Private or Community Septic Tank
  • Phone Available

Additional Features

  • Property Views

Property Details

Property Type

Land

Est. Annual Taxes

$160

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: From Ely, travel south on Hwy 21 to Bear Island River Road. Turn right and follow to Verbick Road. Turn left and follow to the address on the left.
  • L O1 Office Phone1 Number: 218-365-2800
  • Renewal Options: Sell Entirely
  • Road Maintenance: Public, Year Round
  • Property Sub-Type: Residential
  • Tax Year: 2015
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: Dead End/No Outlet, Paved

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 2.5
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Finished Lot
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot, Tree Coverage - Heavy, Level

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 160

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2016
Closed on
Jul 1, 2016
Sold by
Schmitt Mark Mark
Bought by
Ahlfs Peter Peter
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$33,000
Sold Price
$33,000
Current Estimated Value
$98,452

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,452
Avg. Annual Appreciation
15.45%

Purchase Details

Closed on
Aug 14, 2015
Sold by
Moubry Joseph V
Bought by
Schmitt Mark

Purchase Details

Closed on
Sep 8, 2009
Sold by
Prims Donald L
Bought by
Moubry Joseph
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
Ahlfs Peter Peter $32,500 --
Schmitt Mark $2,000 Attorney
Moubry Joseph -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2016 07/01/16 Sold $33,000 0.0% $43 / Sq Ft
05/13/2016 05/13/16 Pending -- -- --
01/25/2016 01/25/16 For Sale $33,000 -- $43 / 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 $666 $59,600 $38,700 $20,900
2023 $666 $52,600 $34,500 $18,100
2022 $536 $48,200 $31,700 $16,500
2021 $494 $38,100 $26,700 $11,400
2020 $462 $33,600 $23,300 $10,300
2019 $472 $33,600 $23,300 $10,300
2018 $470 $36,000 $25,700 $10,300
2017 $414 $36,000 $25,700 $10,300
2016 $218 $36,200 $36,100 $100
2015 $220 $27,900 $24,100 $3,800
2014 $215 $27,900 $24,100 $3,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Bruce Chernak

    Bear Island Realty LLC

  • Jeff Hway

    Buyer's Agent in 2016

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    160 Total Sales

    Jeff Hway
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6020101

APN: 625002500040

Minnesota St Louis County Ely 55731

2539 Verbick Rd, Ely, MN

Not Listed for Sale

Lots

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