NOT LISTED FOR SALE

417 Barrell Rd Ely, MN 55731

Estimated Value: $118,000 - $280,926

2.8 Acres
$71,182 Price per Acre
121,968 Sq Ft Lot

Last Sold July 17, 2024

Last sale price $276,000

Est. 28% decrease in value since last sale

Current estimated payment $1,230/month

15 Days on Market

Highlights

  • Private Waterfront
  • Additional Land
  • Landscaped with Trees
  • Lake View
  • Cul-De-Sac
  • Level Lot

About This Lot

As of July 2024

Nice level lot on the south shore of Fall Lake with +-205 feet of shoreline and with direct access into the BWCA and to Basswood Lake. This +-2.8 acre lot has several good building sites with views down Fall Lake. Ideal property for your home or cabin, close to Ely (5.5 miles) but out in the woods. Within walking distance of Kawishiwi Falls, and close to a number of other lakes and BWCA entry points. The parcel has been surveyed, has power at the property edge and is approved for septic.

Last Agent to Sell the Property

Don Stocks

Wildwoods Land Company Listed on: 05/13/2024

Co-Listed By

Chris Eilrich

Wildwoods Land Company

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,180

Lot Details

  • 2.8 Acre Lot
  • Lot Dimensions are 200 x 580
  • Private Waterfront
  • 205 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Cul-De-Sac
  • Elevated Lot
  • Street terminates at a dead end
  • Level Lot
  • Unpaved Streets
  • Landscaped with Trees
  • Additional Land

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • Gravel Driveway
  • Off-Street Parking

Additional Features

  • Lake Views
  • Phone Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,180

Lot Details

0

HOA Fees

$79 per month

Listing Details

  • Class: LOT/LAND
  • Directions: From Ely....head out to the Fernberg Road....third driveway on your left after crossing Garden Lake Bridge. Barrell Road. Signs on property.
  • L O1 Office Phone1 Number: 218-365-3665
  • Renewal Options: Sell Entirely
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Association
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: Recreational
  • Tax Year: 2024
  • Twp Number: 63
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 2322
  • Road Frontage: Dead End/No Outlet, Unpaved, Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 205
  • Waterfront Name: Fall

Garage/Parking

  • Parking Driveway: Driveway - Gravel, Off Street

Utilities

  • On Site Utilities: Electric, Telephone
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 942.67

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 200 x 580
  • Estimated Number of Acres: 2.8
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Match Code: 3
  • Geo Subdivision: MN
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Additional Land Available, Cul De Sac, Tree Coverage - Medium, High, BWCA, Level, Rolling
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1180

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jun 26, 2024
Sold by
Allete Inc
Bought by
Gaskell Jon and Gaskell Sara
Seller's Agent
Don Stocks
Wildwoods Land Company
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$230,000
Sold Price
$276,000
Premium/Discount to List
$46,000
20%
Views
3
Current Estimated Value
$199,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$76,691
Avg. Annual Appreciation
-20.23%
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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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
Gaskell Jon $276,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2024 07/17/24 Sold $276,000 +20.0% --
05/28/2024 05/28/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $230,000 -- --
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
2025 $1,284 $191,500 $191,500 $0
2024 $731 $191,500 $191,500 $0
2023 $808 $178,600 $178,600 $0
2022 $1,537 $178,600 $178,600 $0
2021 $1,571 $170,000 $170,000 $0
2020 $1,927 $169,900 $169,900 $0
2019 $193 $193,600 $193,600 $0
2018 $2,067 $193,600 $193,600 $0
2017 $1,914 $204,400 $204,400 $0
2016 $1,907 $193,500 $193,500 $0
2015 $2,204 $193,500 $193,500 $0
2014 $2,204 $0 $0 $0
2013 $2,099 $0 $0 $0
2012 $1,919 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Don Stocks

    Seller's Agent in 2024

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    106 Total Sales

    Don Stocks
    Section Image

  • C

    Seller Co-Listing Agent in 2024

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    149 Total Sales

    Chris Eilrich
    Section Image

  • N

    Buyer's Agent in 2024

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6113635

APN: 28-6368-01030

Minnesota Lake County Ely 55731

417 Barrell Rd, Ely, MN

Not Listed for Sale

Lots

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