NOT LISTED FOR SALE

4995 Big Lake Rd Unit 21 Ely, MN 55731

Estimated Value: $64,101

2 Beds
1 Bath
382 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: February 16, 2021

Last sale price $55,000 $144 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $446 / mo

Highlights

  • 115 Feet of Waterfront
  • Deck
  • 1-Story Property
  • Community Boat Slip
  • Landscaped with Trees
  • Space Heater

About This Home

As of February 2021

This cozy 2 bedroom cabin sits on a very heavily wooded lot with scenic lake views and comes completely furnished. The Vermilion Cabin is just a short walk to thousands of acres of State and Federal land. Walk down to your dock on Big Lake and you will have direct access to almost 2,000 acres of water on the edge of the B.W.C.A.. Owner/Agent

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 02/16/2021

Last Buyer's Agent

Chris Eilrich

Wildwoods Land Company Listed on: 02/16/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $863

Year Built

  • Built in 1950

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 75 x 125
  • 115 Feet of Waterfront
  • Lake Front
  • Level Lot
  • Landscaped with Trees

Parking

  • No Garage

Home Design

  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 382 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Deck

Utilities

  • Space Heater
  • Heating System Uses Propane
  • Shared Water Source
  • Shared Sewer

Community Details

  • Community Boat Slip

Listing and Financial Details

  • Assessor Parcel Number 629-0032-00210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$863

Year Built

Built in 1950

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Directions: From Ely travel 23 miles up the Echo Trail, turn left on Big Lake Road.
  • L O1 Office Phone1 Number: 218-365-3665
  • Taxes With Assessments: 968
  • Tax Year: 2020
  • Lot Description Waterfront: Yes
  • Amenities Exterior: Boat Slip, Deck
  • CondoPropertyType: Single
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 382
  • Garage Type: None
  • Heat: Space/Wall Heater, Propane
  • RdBtwnWtrfrntAndHome: Yes
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 2
  • MediaType: Single
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: N/A
  • Basement Style: None, Posts
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 382

Exterior Features

  • Waterfront Access: Association
  • Water Frontage In Feet: 115
  • Waterfront Name: Big
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: None
  • Sewer: Shared
  • Water: Shared

Association/Amenities

  • AmenitiesFireplace1: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 75 x 125
  • Estimated Number of Acres: 0.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, Level
  • Parcel Number: 629-0032-00210
  • Waterfront Type: Inland Lake

Rental Info

  • Tenant Expense: None

Tax Info

  • Tax Amount: 863

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 29, 2023
Sold by
Ely Real Estate Llc
Bought by
Mathews Frank D and Mathews Sheryl L
Current Estimated Value
$64,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Outstanding Balance
$45,582
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$18,519

Purchase Details

Listed on
Feb 16, 2021
Closed on
Mar 4, 2021
Sold by
Ely Real Estate
Bought by
Frank Mathews
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.04%
Original Mortgage
$55,000
Interest Rate
2.7%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Listed on
Feb 16, 2021
Closed on
Feb 16, 2021
Sold by
Ely Real Estate Llc
Bought by
Mathews Frank D and Mathews Sheryl L
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
2.7%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Listed on
Feb 16, 2021
Closed on
Jan 19, 2021
Sold by
C & C Big Lake Interest Llc
Bought by
Ely Real Estate Llc
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
2.7%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Listed on
Feb 16, 2021
Closed on
Dec 29, 2020
Sold by
Big Lake Investors Llc
Bought by
C & C Big Lake Interest Llc
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$55,000
Sold Price
$55,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
2.7%
Mortgage Type
Land Contract Argmt. Of Sale
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mathews Frank D $55,000 Northeast Title Company
Frank Mathews $5,000 --
Mathews Frank D $55,000 None Available
Ely Real Estate Llc $3,000 None Listed On Document
C & C Big Lake Interest Llc $3,000 Northwest Title
Big Lake Properties Llc $463,266 Northeast Title Company
-- $463,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathews Frank D $53,000
Previous Owner Frank Mathews $55,000
Previous Owner Mathews Frank D $55,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2021 02/16/21 Sold $55,000 0.0% $144 / Sq Ft
02/16/2021 02/16/21 For Sale $55,000 -- $144 / Sq Ft
05/18/2019 05/18/19 Pending -- -- --
Source: Lake Superior Area REALTORS®

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 $1,214 $68,200 $56,800 $11,400
2023 $1,214 $65,700 $54,300 $11,400
2022 $962 $62,900 $52,100 $10,800
2021 $974 $62,900 $52,100 $10,800
2020 $968 $63,200 $52,100 $11,100
2019 $962 $63,200 $52,100 $11,100
2018 $976 $63,200 $52,100 $11,100
2017 $500 $63,200 $52,100 $11,100
2016 $534 $34,600 $22,200 $12,400
2014 $523 $37,400 $24,700 $12,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    147 Total Sales

    Chris Eilrich
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6094924

APN: 629003200210

Minnesota St Louis County Ely 55731

4995 Big Lake Rd Unit 21, Ely, MN

Not Listed for Sale

MultiFamily

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