NOT LISTED FOR SALE

2633 Ripple Island Unit Burntside Lake Ely, MN 55731

Estimated Value: $700,000 - $991,000

4.5 Acres
$192,156 Price per Acre
196,020 Sq Ft Lot

Last Sold August 31, 2018

Last sale price $350,000

Est. 147% increase in value since last sale

Current estimated payment $5,237/month

43 Days on Market

Highlights

  • 980 Feet of Waterfront
  • Docks
  • Island Location
  • Memorial High School Rated 9+
  • Panoramic View
  • Additional Land

About This Lot

As of August 2018

MAJESTIC 4.5 +/- acre island lot located in the center of Burntside Lake on Ripple Island. The property has many unique features to include a prepared building site nestled in a beautiful coliseum of ledge rock, 980 +/- feet of beautifully magnificent shoreline, a gradual gentle slope from the building site down to the easterly facing shore, a septic system that has never been used, electric on site, a bunkhouse for camping and a dock. Don't miss your opportunity to own a very private piece of island paradise on one of Ely's most coveted lakes! Additional mainland property available for your private access.

Last Agent to Sell the Property

Jim Burke

Keller Williams Classic Realty NW Listed on: 06/07/2018

Keller Williams Classic Realty NW

Last Buyer's Agent

Bruce Chernak

Bear Island Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,144

Lot Details

  • 4.5 Acre Lot
  • 980 Feet of Waterfront
  • Lake Front
  • Elevated Lot
  • Landscaped
  • Level Lot
  • Irregular Lot
  • Many Trees
  • Additional Land

Parking

  • No Driveway

Property Views

  • Lake
  • Panoramic

Additional Features

  • Docks
  • Island Location
  • Bunk House
  • Private or Community Septic Tank

Property Details

Property Type

Land

Est. Annual Taxes

$4,144

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: Water access from Passi Road or Van Vac landing which is the closest landing. Please contact listing office for detailed directions.
  • L O1 Office Phone1 Number: 218-365-2800
  • Renewal Options: Sell Entirely
  • RdBtwnWtrfrnt: No
  • Road Maintenance: None
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: Residential
  • Tax Year: 2018
  • Twp Number: 63N
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 10000
  • Out Buildings: Bunkhouse
  • Road Frontage: None
  • Water Frontage In Feet: 980
  • Waterfront Name: Burntside

Garage/Parking

  • Parking Driveway: None

Utilities

  • Available Utilities: Electric, Private Septic
  • On Site Utilities: Electric, Private Septic
  • Power Company: Lake Country Power

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: irregular
  • Estimated Number of Acres: 4.5
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Geo Match Code: 3
  • Geo Subdivision: MN
  • Improvements: Dock
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Additional Land Available, Irregular Lot, Landscaped, Tree Coverage - Heavy, High, Level, Rolling, Island/Peninsula
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Contract for Deed, Conventional

Tax Info

  • Tax Amount: 4144

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2018
Closed on
Aug 31, 2018
Sold by
Boal James S
Bought by
Solterman Audette James Ross and Solterman Audette Susan
Seller's Agent
Jim Burke
Keller Williams Classic Realty NW
Buyer's Agent
Bruce Chernak
Bear Island Realty LLC
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$864,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$514,704
Avg. Annual Appreciation
13.46%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Solterman Audette James Ross $275,000 Northeast Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $350,000 0.0% --
07/20/2018 07/20/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $350,000 -- --
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 $8,260 $804,300 $468,700 $335,600
2023 $8,260 $757,500 $442,200 $315,300
2022 $3,722 $378,500 $375,100 $3,400
2021 $3,850 $321,800 $318,800 $3,000
2020 $3,634 $321,800 $318,800 $3,000
2019 $4,212 $321,800 $318,800 $3,000
2018 $4,144 $374,600 $371,300 $3,300
2017 $4,188 $374,600 $371,300 $3,300
2016 $4,402 $374,600 $371,300 $3,300
2015 $4,502 $394,000 $390,700 $3,300
2014 $4,502 $396,400 $393,100 $3,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jim Burke

    Keller Williams Classic Realty NW

    Section Image

  • B

    Buyer's Agent in 2018

    Bruce Chernak

    Bear Island Realty LLC

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6075997

APN: 465004001946

Minnesota St Louis County Ely 55731

2633 Ripple Island Unit Burntside Lake, Ely, MN

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