NOT LISTED FOR SALE

5049 Big Lake Rd Ely, MN 55731

Estimated Value: $37,000 - $239,000

4.39 Acres
$23,238 Price per Acre
191,228 Sq Ft Lot

Last Sold August 25, 2023

Last sale price $47,000

Est. 56% increase in value since last sale

Current estimated payment $443/month

76 Days on Market

Highlights

  • No HOA
  • Elevated Lot
  • Many Trees

About This Lot

As of August 2023

4.39 acres of wooded high ground up the Echo Trail near Big Lake. The property is elevated and has large rock outcroppings covered with some large pine, birch, maple and fir. Adjoins federal land to the north and state land to the west. A short driveway leads to a small 12 x 12 shed which is insulated, heated and wired for generator.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 05/18/2023

Last Buyer's Agent

Chris Eilrich

Wildwoods Land Company Listed on: 05/18/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $347

Lot Details

  • 4.39 Acre Lot
  • Lot Dimensions are 300 x 600
  • Property fronts a private road
  • Elevated Lot
  • Many Trees

Parking

  • Off-Street Parking

Utilities

  • No Utilities

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$347

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: From Ely east on 169 to Hwy 88, to Echo Trail, to Big Lake Rd. First property on your right.
  • InternetOptions: None
  • L O1 Office Phone1 Number: 218-365-3665
  • Renewal Options: Sell Entirely
  • List Price/ Sq Ft: 10706.15
  • Road Maintenance: Private
  • Property Sub-Type: Recreational
  • Tax Year: 2023
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Frontage: Private

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Available Utilities: None
  • On Site Utilities: None
  • Power Company: None

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2023-05-19
  • Estimated Lot Dimensions: 300 x 600
  • Estimated Number of Acres: 4.39
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Subdivision: MN
  • Improvements: Survey Stakes
  • Land Improvements: Yes
  • Lot Description: Tree Coverage - Heavy, High, BWCA

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 347

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2023
Closed on
Aug 25, 2023
Sold by
Solum Kirk Edward
Bought by
Vnak Julie Brady
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$47,000
Sold Price
$47,000
Current Estimated Value
$73,549

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,549
Avg. Annual Appreciation
24.66%

Purchase Details

Listed on
Jul 24, 2013
Closed on
Sep 30, 2014
Sold by
Berg David A and Berg Cynthia A
Bought by
Solum Kirk E and Solum Amanda R
Seller's Agent
Wesley Crawford
Wildwoods Land Company
Buyer's Agent
Wesley Crawford
Wildwoods Land Company
List Price
$44,500
Sold Price
$36,500
Premium/Discount to List
-$8,000
-17.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.88%
Original Mortgage
$27,375
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 2008
Sold by
Sorteberg Kenneth W and Sorteberg Karon
Bought by
Berg David A and Berg Kimberly A
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Vnak Julie Brady $47,000 Northeast Title Company
Solum Kirk E $36,500 Northeast Title Company
Berg David A $42,500 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Solum Kirk E $25,825
Previous Owner Solum Kirk E $27,375
Previous Owner Berg David A $23,000
Previous Owner Berg David A $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $47,000 0.0% --
08/02/2023 08/02/23 Pending -- -- --
05/18/2023 05/18/23 For Sale $47,000 +28.8% --
09/30/2014 09/30/14 Sold $36,500 -18.0% --
09/04/2014 09/04/14 Pending -- -- --
07/24/2013 07/24/13 For Sale $44,500 -- --
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
2023 $448 $36,400 $34,100 $2,300
2022 $374 $34,600 $32,400 $2,200
2021 $374 $31,000 $29,000 $2,000
2020 $428 $31,300 $29,000 $2,300
2019 $412 $31,300 $29,000 $2,300
2018 $418 $31,300 $29,000 $2,300
2017 $380 $31,300 $29,000 $2,300
2016 $422 $31,300 $29,000 $2,300
2015 $427 $35,100 $33,300 $1,800
2014 $427 $35,100 $33,300 $1,800
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2023

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    145 Total Sales

    Section Image

  • W

    Seller's Agent in 2014

    Wesley Crawford

    Wildwoods Land Company

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6108138

APN: 629003000010

Minnesota St Louis County Ely 55731

5049 Big Lake Rd, Ely, MN

This home is located at 5049 Big Lake Rd, Ely, MN 55731 since 18 May 2023 and is currently estimated at $102,015. 5049 Big Lake Rd is a home located in St. Louis County with nearby schools including Tower-Soudan Elementary 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.

Nearby Homes