NOT LISTED FOR SALE

421 Barrell Rd Ely, MN 55731

Estimated Value: $184,000 - $314,000

3 Acres
$89,392 Price per Acre
130,680 Sq Ft Lot

Last Sold July 22, 2024

Last sale price $305,000

Est. 12% decrease in value since last sale

Current estimated payment $1,649/month

11 Days on Market

Highlights

  • Private Waterfront
  • Landscaped with Trees
  • Level Lot
  • Lake View
  • Elevated Lot

About This Lot

As of July 2024

This is the first time that these Fall Lake East Lots have been put on the market. This +-3.0 acre lot has +-225 feet of shoreline and good views looking down Fall Lake to the northwest. There is already a driveway into the property to a potential building site. Nicely wooded with birch, maple, spruce and balsam. Accessible shoreline. The parcel has been surveyed, has power at the property edge and is approved for septic. Close to Ely, yet out in the wilds. Direct access to the BWCA, as well as being a short drive to other diverse lakes down the Fernberg Road.

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

Chris Eilrich

Wildwoods Land Company

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,230

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 200 x 640
  • Private Waterfront
  • 225 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Level Lot
  • Landscaped with Trees

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

$1,230

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
  • List Price/ Sq Ft: 101666.67
  • 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

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 225
  • Waterfront Name: Fall

Garage/Parking

  • Parking Driveway: Driveway - Gravel, Off Street

Utilities

  • Available 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

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2024-05-13
  • Estimated Lot Dimensions: 200 x 640
  • Estimated Number of Acres: 3
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Match Code: 3
  • Geo Subdivision: MN
  • Improvements: Survey Stakes
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, High, BWCA, Level
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1230

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
Bercher Timothy and Bercher Kristin
Seller's Agent
Don Stocks
Wildwoods Land Company
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$280,000
Sold Price
$305,000
Premium/Discount to List
$25,000
8.93%
Views
6
Current Estimated Value
$268,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$36,823
Avg. Annual Appreciation
-11.33%
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
Bercher Timothy $305,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2024 07/22/24 Sold $305,000 +8.9% --
05/24/2024 05/24/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $280,000 -- --
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 $1,334 $198,800 $198,800 $0
2024 $761 $198,800 $198,800 $0
2023 $840 $185,700 $185,700 $0
2022 $1,603 $185,700 $185,700 $0
2021 $1,652 $176,900 $176,900 $0
2020 $2,019 $178,300 $178,300 $0
2019 $2,027 $202,500 $202,500 $0
2018 $2,163 $202,500 $202,500 $0
2017 $2,008 $213,500 $213,500 $0
2016 $2,000 $202,500 $202,500 $0
2015 $2,252 $202,500 $202,500 $0
2014 $2,252 $0 $0 $0
2013 $2,129 $0 $0 $0
2012 $2,027 $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

    105 Total Sales

    Don Stocks
    Section Image

  • C

    Seller Co-Listing Agent in 2024

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    148 Total Sales

    Chris Eilrich
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6113636

APN: 28-6368-01040

Minnesota Lake County Ely 55731

421 Barrell Rd, Ely, MN

This home is located at 421 Barrell Rd, Ely, MN 55731 since 13 May 2024 and is currently estimated at $268,177. 421 Barrell Rd is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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