NOT LISTED FOR SALE

2577 Grant McMahan Blvd Ely, MN 55731

Estimated Value: $179,000 - $364,000

3 Beds
1 Bath
1,854 Sq Ft
$134/Sq Ft Est. Value

Last Sold June 27, 2018

Last sale price $45,000 $24 Per Sq Ft

Est. 373% increase in value since last sale

Current estimated payment $1,295/month

89 Days on Market

Highlights

  • Guest House
  • 2 Car Detached Garage
  • Living Room
  • Ranch Style House
  • Porch
  • Bathroom on Main Level

About This Home

As of June 2018

Estate Auction: Twelve (12) investment properties offered in four packages to be sold at an On-line Auction. Package 3 consists of a Single Family Home with a guest cabin: MLS # 6033222 (2577 Grant McMahan). This property goes to the highest bidder in a Reserve Auction with a 10% Buyer’s Premium. Auction concludes at 5 PM on Weds, March 28th. Gross rent, when fully occupied, is approx.. $1,000/ Month. Buyer Inspections and other due diligence to be done prior to bidding (Tuesdays 3-6P and Saturdays 1-4P). Properties are being sold "As Is". Septic system inspections, replacement estimates, and escrow for replacement per St. Louis County Ordinance 61 are the responsibility of the winning bidder. SLC Septic Transfer Agreement will be signed by winning bidder at closing. Bidders and Agents must register before placing a bid. See the document section for related auctions and other auction details. Access the auction website at: bid.auctionmasters.com ***Washer, Dryer, Sauna Stove not included***

Last Agent to Sell the Property

Timothy Lillquist

Edina Realty, Inc. - Virginia Listed on: 02/23/2018

Edina Realty, Inc. - Virginia

Last Buyer's Agent

Timothy Lillquist

Edina Realty, Inc. - Virginia Listed on: 02/23/2018

Edina Realty, Inc. - Virginia

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,052

Year Built

  • Built in 1920

Lot Details

  • 1.82 Acre Lot
  • Lot Dimensions are 200x400
  • Property fronts a county road

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,854 Sq Ft Home
  • Free Standing Fireplace
  • Living Room
  • Dining Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Outdoor Features

  • Storage Shed
  • Porch

Additional Homes

  • Guest House

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Private Water Source
  • Mound Septic
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 465-0040-04115

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,052

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 169 to Grant McMahan Blvd to FN.
  • L O1 Office Phone1 Number: 218-749-8222
  • List Price/ Sq Ft: 24.27
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1854
  • Garage Type: Detached
  • Heat: Wood, Propane
  • Reso Roof: Asphalt Shingles
  • Room 10: Kitchen
  • Room 11: Dining Room
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1920
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Property Style: Ranch/Rambler
  • Special Features: Auction
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Range/Stove, Refrigerator
  • Basement Material: N/A
  • Estimated Basement Sq Ft: 1536
  • Basement Style: None
  • Bathroom 1 Level: Main
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Porch
  • Room 8: Bathroom
  • Room 9: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1854
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed, Guesthouse
  • Road Frontage: County
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Capacity: 2

Utilities

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

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2018-03-26
  • Estimated Lot Dimensions: 200x400
  • Estimated Number of Acres: 1.82
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465-0040-04115

Rental Info

  • Lease Terms: Cash

Tax Info

  • Tax Amount: 1052

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2019
Sold by
Loe Michael T
Bought by
Gi Capital Holdings
Current Estimated Value
$213,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$83,534
Interest Rate
7%
Mortgage Type
Land Contract Argmt. Of Sale
Estimated Equity
$123,979

Purchase Details

Listed on
Feb 23, 2018
Closed on
Jun 21, 2018
Sold by
Chalet Investments Llc
Bought by
Loe Michael T
Seller's Agent
Timothy Lillquist
Edina Realty, Inc. - Virginia
Buyer's Agent
Timothy Lillquist
Edina Realty, Inc. - Virginia
List Price
$45,000
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.98%

Purchase Details

Closed on
Oct 15, 2009
Sold by
Zebrowski Jon D and Lee Barbara G
Bought by
Chalet Investments Llc

Purchase Details

Closed on
Nov 4, 2002
Sold by
Myers Paul M and Myers Diane M
Bought by
Zebrowski Jon D and Lee Barbara G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,400
Interest Rate
6.13%

Purchase Details

Closed on
Jun 7, 2001
Sold by
Myers Paul M and Myers Diane M
Bought by
Catton Susan C and Catton Timothy J
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
Gi Capital Holdings $90,000 None Available
Loe Michael T $450,000 Northeast Title Company
Chalet Investments Llc $95,000 Northeast Title Company
Zebrowski Jon D $92,000 Northeast Title Company
Catton Susan C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gi Capital Holdings $90,000
Previous Owner Zebrowski Jon D $87,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/27/2018 06/27/18 Sold $45,000 0.0% $24 / Sq Ft
05/23/2018 05/23/18 Pending -- -- --
02/23/2018 02/23/18 For Sale $45,000 -- $24 / 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
2023 $1,530 $127,100 $31,000 $96,100
2022 $1,212 $112,200 $28,600 $83,600
2021 $1,218 $97,800 $25,000 $72,800
2020 $1,124 $93,600 $25,000 $68,600
2019 $1,122 $93,600 $25,000 $68,600
2018 $1,112 $96,400 $26,600 $69,800
2017 $1,038 $96,400 $26,600 $69,800
2016 $1,022 $88,800 $25,800 $63,000
2015 $1,026 $88,800 $25,800 $63,000
2014 $1,026 $88,800 $25,800 $63,000
Source: Public Records

Agents Affiliated with this Home

  • Timothy Lillquist

    Seller's Agent in 2018

    Timothy Lillquist

    Edina Realty, Inc. - Virginia

    (612) 834-5769

    41 Total Sales

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6033222

APN: 465004004115

Minnesota St Louis County Ely 55731

2577 Grant McMahan Blvd, Ely, MN

This home is located at 2577 Grant McMahan Blvd, Ely, MN 55731 since 23 February 2018 and is currently estimated at $248,504, approximately $134 per square foot. This property was built in 1920. 2577 Grant McMahan Blvd is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

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.

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