NOT LISTED FOR SALE

5034 Ely Island Tower, MN 55790

Estimated Value: $510,745 - $600,000

2 Beds
0.5 Bath
696 Sq Ft
$772/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $465,000 $668 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,970/month

24 Days on Market

Highlights

  • Deck
  • 1-Story Property
  • Gas Log Fireplace
  • Covered Patio or Porch
  • Baseboard Heating

About This Home

As of September 2022

Whole Private Island Near Lake Vermilion State Park, Fully Furnished Retreat In Towering Pines At Waters Edge, Less Than Half A Mile Across Calm Water To Boat Launch. Located in an area of breathtaking scenery east of Ely Island where there are sparkling bright blue bays created by dozens of small islands & miles of picturesque mainland coastline along two State Parks. 696 SF, 2BR/1BA cabin, sauna, wet boathouse, 3 docks, boat lift, rail system, hydro bikes, kayaks. Kitchen open to dining, living & screen porch, blue water vistas& sounds of water lapping shore. Relax & enjoy unrestricted views across the water. Click link for 3D Tour!

Last Agent to Sell the Property

Dan Janisch

Janisch Realty Inc License #40343713 Listed on: 08/14/2022

Last Buyer's Agent

Dan Janisch

Janisch Realty Inc License #40343713 Listed on: 08/14/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,348

Year Built

  • Built in 1966

Lot Details

  • 0.4 Acre Lot
  • Irregular Lot
  • Property is zoned RES10

Home Design

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

Interior Spaces

  • 696 Sq Ft Home
  • 1-Story Property
  • Gas Log Fireplace

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 0.5 Bathroom

Basement

  • Stone or Rock in Basement
  • Crawl Space

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Baseboard Heating
  • The lake is a source of water for the property
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 270-0020-01290

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,348

Year Built

Built in 1966

Lot Details

0.4 Acres

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Gas, Electric, Baseboard
  • Irregular Lot Size: Yes
  • Lvt Date: 08/14/2022
  • Main Level Bathrooms: 0.5
  • Number Of Bedrooms: 2
  • Parcel Code Number: 270-0020-01290
  • Patioporch: Deck, Porch, Covered, Screened
  • Real Estate Tax: 2348
  • Style: One Story
  • Type: Residential
  • Year Built: 1966
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 696
  • Bedroom 1: Size: 11.5x10, On Level: Main
  • Total Bathrooms: 0.5
  • Appliances: Electric Range, Microwave, Refrigerator
  • Basement: Crawl, Rock
  • Bedroom 2: Size: 11.5x10, On Level: Main
  • Dining Room: Size: COMB, On Level: Main
  • Fireplace: 1 Fireplace, Gas Log
  • Kitchen: Size: 11.5x11, On Level: Main
  • Living Room: Size: 12.5x11.5, On Level: Main
  • Main Level Bedrooms: 2
  • Other Room 2: Porch, Size: 12x11.5, On Level: Main

Exterior Features

  • Exterior: Hard Board
  • Roof: Asphalt, Shingle

Utilities

  • Cooling: Multi-Window A/C
  • Utilities: Septic, Lake Water System
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 333x125
  • Number Of Acres: 0.4
  • Zoning: RES10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2022
Closed on
Sep 21, 2022
Sold by
James R Wright And Cathy A Wright Trust
Bought by
Gregory Robert
Seller's Agent
Dan Janisch
Janisch Realty Inc
Buyer's Agent
Dan Janisch
Janisch Realty Inc
List Price
$519,500
Sold Price
$465,000
Premium/Discount to List
-$54,500
-10.49%
Current Estimated Value
$537,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,186
Avg. Annual Appreciation
4.34%

Purchase Details

Closed on
May 22, 2019
Sold by
Wright James R and Wright Cathy A
Bought by
Wright James R and Wright Cathy A
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
Gregory Robert $465,000 Northeast Title Company
Wright James R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2022 09/23/22 Sold $465,000 -10.5% $668 / Sq Ft
09/07/2022 09/07/22 Pending -- -- --
08/14/2022 08/14/22 For Sale $519,500 -- $746 / Sq Ft
Source: Range Association of 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 $2,438 $206,100 $142,700 $63,400
2023 $2,438 $206,100 $142,700 $63,400
2022 $2,348 $189,500 $142,700 $46,800
2021 $2,314 $167,000 $126,200 $40,800
2020 $2,282 $167,000 $126,200 $40,800
2019 $2,228 $162,000 $140,700 $21,300
2018 $2,084 $161,500 $140,200 $21,300
2017 $2,062 $150,000 $133,300 $16,700
2016 $2,082 $147,500 $130,800 $16,700
2015 $2,733 $166,000 $135,800 $30,200
2014 $2,733 $178,700 $148,500 $30,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 144020

Range Association of REALTORS®

APN: 270002001290

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