NOT LISTED FOR SALE

2899 Rainbow Island Dr Ely, MN 55731

Estimated Value: $536,385 - $681,000

3 Beds
1 Bath
1,170 Sq Ft
$547/Sq Ft Est. Value

About This Home

This home is located at 2899 Rainbow Island Dr, Ely, MN 55731 and is currently estimated at $639,846, approximately $546 per square foot. 2899 Rainbow Island Dr is a home with nearby schools including Washington Elementary School and Memorial High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2013
Sold by
Sparks Richard T and Leon F Tozer Living Trust
Bought by
Spar Richard Thomas Sparks and Spar Martha Jane
Current Estimated Value
$639,846

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
$51,433
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$588,413
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Spar Richard Thomas Sparks $286,933 Ne Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spar Richard Thomas Sparks $200,000
Source: Public Records

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 $4,408 $457,400 $314,400 $143,000
2023 $4,408 $443,200 $296,700 $146,500
2022 $4,226 $374,400 $252,500 $121,900
2021 $3,974 $321,100 $214,900 $106,200
2020 $3,688 $321,100 $214,900 $106,200
2019 $3,968 $321,100 $214,900 $106,200
2018 $3,936 $354,900 $289,200 $65,700
2017 $3,970 $354,900 $289,200 $65,700
2016 $4,066 $354,900 $289,200 $65,700
2015 $3,727 $369,800 $304,100 $65,700
2014 $3,727 $363,300 $300,600 $62,700
Source: Public Records

Map

Minnesota St Louis County Ely 55731

2899 Rainbow Island Dr, Ely, MN

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