NOT LISTED FOR SALE

2653 Priest Point Rd Ely, MN 55731

Estimated Value: $245,000 - $380,000

1 Bed
1 Bath
480 Sq Ft
$619/Sq Ft Est. Value

Last Sold August 26, 2021

Last sale price $205,000 $427 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,788/month

24 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Heating Available
  • Memorial High School Rated 9+

About This Home

As of August 2021

Listen to the loons call, as you enjoy the lake view from the large open air deck. Gorgeous level lot with 194 feet of sandy shoreline on Bear Island Lake. 1BR/1BA cozy cabin, sitting on over an acre lot of nicely groomed land but yet enough trees for privacy with the added beauty of flowering lupines. Hard to find lot, with easy access to the water’s edge. Cabin sits on the northern part of the lake facing East and is only minutes to Ely's shopping and dining plus golf, trails and much more. Own you little spot of Ely today and enjoy what Northeast MN has to offer!

Last Agent to Sell the Property

Andrea Zupancich

z' Up North Realty License #40149923 Listed on: 05/17/2021

Last Buyer's Agent

Member Non

NON-MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,392

Year Built

  • Built in 1970

Lot Details

  • 1

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Hardboard

Interior Spaces

  • 480 Sq Ft Home
  • 1-Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Utilities

  • Heating Available
  • Well
  • Electric Water Heater
  • Septic System

Additional Features

  • Deck
  • 1 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 625-0026-00350

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,392

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Electric
  • Lvt Date: 05/17/2021
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 1
  • Parcel Code Number: 625-0026-00350
  • Patioporch: Deck
  • Real Estate Tax: 2392`
  • Style: One Story
  • Type: Residential
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 480
  • Bedroom 1: Size: 9.4x11, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Electric Range, Refrigerator
  • Kitchen: Size: 7.7x7.5, On Level: Main
  • Living Room: Size: 18.6x10.5, On Level: Main
  • Main Level Bedrooms: 1

Exterior Features

  • Exterior: Hard Board
  • Roof: Asphalt, Shingle

Utilities

  • Utilities: Septic, Well
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 197x189
  • Number Of Acres: 1
  • Zoning: r

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Aug 26, 2021
Sold by
Klun Gene and Klun Eugene
Bought by
Medvedev Taras A and Medvedev Jessica A
Seller's Agent
Andrea Zupancich
z' Up North Realty
Buyer's Agent
Member Non
NON-MEMBER
List Price
$220,000
Sold Price
$205,000
Premium/Discount to List
-$15,000
-6.82%
Current Estimated Value
$290,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,320
Avg. Annual Appreciation
8.84%
Original Mortgage
$164,000
Outstanding Balance
$31,808
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$265,490
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
Medvedev Taras A $205,000 Northeast Title Company
Medvedev Taras Taras $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Medvedev Taras A $164,000
Closed Medvedev Taras Taras $164,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2021 08/26/21 Sold $205,000 -14.2% $427 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/19/2021 05/19/21 Price Changed $239,000 +8.6% $498 / Sq Ft
05/17/2021 05/17/21 For Sale $220,000 -- $458 / Sq Ft
Source: Range Association of 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 $3,244 $309,800 $216,300 $93,500
2023 $3,244 $248,600 $173,900 $74,700
2022 $2,628 $200,500 $157,900 $42,600
2021 $2,392 $204,200 $172,100 $32,100
2020 $2,292 $184,700 $156,800 $27,900
2019 $2,486 $184,700 $156,800 $27,900
2018 $2,482 $202,200 $173,600 $28,600
2017 $2,490 $202,200 $173,600 $28,600
2016 $2,496 $202,200 $173,200 $29,000
2014 $2,447 $202,200 $173,200 $29,000
Source: Public Records

Agents Affiliated with this Home

  • Andrea Zupancich

    Seller's Agent in 2021

    Andrea Zupancich

    z' Up North Realty

    (218) 749-0159

    442 Total Sales

    Andrea Zupancich
    Section Image

  • M

    Buyer's Agent in 2021

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 141368

Range Association of REALTORS®

APN: 625002600350

Minnesota St Louis County Ely 55706

2653 Priest Point Rd, Ely, MN

Not Listed for Sale

Detached

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