NOT LISTED FOR SALE

2641 Priest Point Rd Ely, MN 55731

Estimated Value: $356,855 - $672,000

3 Beds
2.5 Baths
2,900 Sq Ft
$188/Sq Ft Est. Value

Last Sold October 05, 2018

Last sale price $235,000 $81 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $3,240/month

511 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Deck
  • Memorial High School Rated 9+
  • Lake View
  • Contemporary Architecture

About This Home

As of October 2018

Incredible value for this 3+ bedroom cabin on a phenomenal setting. Cabin features a stunning field stone double sided fireplace, cathedral ceilings, and a 3-season screened porch. Master suite with lake views, deck, and vaulted ceilings. Valuable updates including roof and professionally painted exterior. Gently sloping lot with a sand beach, dock, and landscaped yard. All this complete with a 2+ car attached garage and paved circular driveway. *SLLS*

Last Agent to Sell the Property

Bruce Chernak

Bear Island Realty LLC Listed on: 03/01/2017

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,092

Year Built

  • Built in 1970

Lot Details

  • 0.6 Acre Lot
  • Lot Dimensions are 275 x 100
  • Private Waterfront
  • 120 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Landscaped with Trees

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Paneling
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Wood Frame Window
  • Entrance Foyer
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Lake Views
  • Crawl Space

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Docks
  • Deck
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Oil
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 625-0026-00400

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,092

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel south on Hwy 21 7 +/- miles to Bear Island River Road. Turn right and follow 4 +/- miles to Walstrom Road. Turn left and follow to Priest Point Road to the right. Property is on the left.
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • ShorelineCharacteristics: Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: Central
  • Reso Association Amenities: Natural Woodwork, Vaulted Ceilings, Foyer Entry, Panelled Walls, Patio Door, Main Floor Laundry, Washer Hook-Ups
  • Amenities Exterior: Deck, Dock
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2900
  • Garage Type: Attached
  • Heat: Forced Air, Oil
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1970
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • RoomLevel8: Main
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Crawl Space
  • Bathroom 1 Level: main
  • Level 2 Three Quarter Bathrooms: upper
  • Bathroom 3 Level: upper
  • Bathroom Description: Full Master, 1/2 Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Den/Office, Enclosed Porch, Pantry
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Den/Office
  • Room 8: Pantry
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2900
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 120
  • Waterfront Name: Bear Island
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Asphalt
  • Garage Capacity: 2

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 275 x 100
  • Estimated Number of Acres: 0.6
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped, Tree Coverage - Medium
  • Parcel Number: 625-0026-00400
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4092

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2022
Sold by
Casco Point Growth Llc
Bought by
Peace Daniel and Peace Heidi
Current Estimated Value
$544,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$194,428
Interest Rate
7.53%
Mortgage Type
New Conventional
Estimated Equity
$350,286

Purchase Details

Closed on
Nov 17, 2021
Sold by
Wicks Timothy A
Bought by
Casco Point Growth Llc

Purchase Details

Closed on
Oct 28, 2020
Sold by
Bimbaum Adam C and Bimbaum Thea
Bought by
Union Bank And Trust Co

Purchase Details

Listed on
Mar 1, 2017
Closed on
Oct 5, 2018
Sold by
Davis Mary Jane
Bought by
Magnuson Mary A and Wicks Timothy A
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Jim Burke
Keller Williams Classic Realty NW
List Price
$235,000
Sold Price
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.65%
Original Mortgage
$125,000
Interest Rate
4.5%
Mortgage Type
Land Contract Argmt. Of Sale
Source: Public Records

Range of Values:

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Average Value
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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
Peace Daniel $235,000 --
Casco Point Growth Llc $3,000 None Listed On Document
Union Bank And Trust Co $9,775 None Available
Magnuson Mary A $235,000 None Available
Peace Dan $235,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peace Daniel $200,000
Previous Owner Peace Dan $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $235,000 0.0% $81 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
03/01/2017 03/01/17 For Sale $235,000 -- $81 / 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 $4,666 $489,800 $172,800 $317,000
2023 $4,666 $396,500 $139,600 $256,900
2022 $3,910 $349,600 $127,200 $222,400
2021 $3,632 $333,500 $121,000 $212,500
2020 $3,402 $295,400 $110,600 $184,800
2019 $3,512 $295,400 $110,600 $184,800
2018 $3,904 $311,400 $122,000 $189,400
2017 $4,152 $311,400 $122,000 $189,400
2016 $4,106 $332,000 $119,300 $212,700
2015 $3,984 $332,000 $119,300 $212,700
2014 $3,984 $332,000 $119,300 $212,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6027143

APN: 625002600400