NOT LISTED FOR SALE

5218 5218 Ely Island Tower, MN 55790

Estimated Value: $500,000 - $745,000

2 Beds
1 Bath
1,508 Sq Ft
$389/Sq Ft Est. Value

Sale Details

Date Sold: May 25, 2012

Last sale price $280,000 $186 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $3,607 / mo

139 Days on Market

Highlights

  • 384 Feet of Waterfront
  • Sauna
  • Vaulted Ceiling
  • Docks
  • Deck
  • Woodwork

About This Home

As of May 2012

Secluded Island Retreat W/Panoramic Faraway Views Set In Towering Pines & Rock Outcroppings On Lake Vermilion, Short Boat Ride To Town--Just 1.5 Miles Across Calm Water To Stuntz Bay, BWCAW Access. 1508SF Retreat, 1252SF, 2 Bed Main Cabin + 256SF Guest/Sauna Cabin, 5.6 Acres, 384 lakeshore. Main cabin w/6 glass doors open to view & deck, fireplace-front wood stove, kitchen w/modern appliances. Wooden walkways/decks connect buildings & dock/boatlift. Watch eagles, pick berries, swim or catch Walleyes

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc. Listed on: 12/20/2011

Last Buyer's Agent

NONMEMBER nonmember

Nonmember Office

Home Details

Home Type

  • Single Family

Year Built

  • 1990

Lot Details

  • 5.66 Acre Lot
  • Lot Dimensions are 384 x 635
  • 384 Feet of Waterfront
  • Lake Front

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2 Bedrooms
  • 1,508 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Free Standing Fireplace
  • Sauna
  • Crawl Space

Outdoor Features

  • Docks
  • Deck
  • Storage Shed
  • Outhouse

Utilities

  • Forced Air Heating System
  • Heating System Powered By Owned Propane

Listing and Financial Details

  • Assessor Parcel Number 270-0020-01367

Home Details

Home Type

Single Family

Year Built

1990

Lot Details

5.66 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Amenities: Natural Woodwork, Vaulted Ceilings
  • Amenities Exterior: Deck, Dock, Sauna
  • Estimated Number of Acres: 5.66
  • Assessments: Yes
  • Construction: Previously Owned
  • Parcel Number: 270-0020-01367
  • Stories: 1 Story
  • Street Designation: Island
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1990

Interior Features

  • Fireplace Type: Free Standing
  • Total Bedrooms: 2
  • Room 1: Living Room, 26x16, On Level: Main
  • Room 2: Dining Room, CombxComb, On Level: Main
  • Room 3: Kitchen, 22x16, On Level: Main
  • Room 5: Master Bedroom, 14x13, On Level: Main
  • Room 6: Bedroom, 15x13, On Level: Main
  • Room 8: Spa/Sauna, 16x15, On Level: Main
  • Basement Style: Crawl Space
  • Finished Above Grade Sq Ft: 1508
  • Total Fin Square Footage: 1508

Exterior Features

  • Waterfront Name: Vermilion
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Out Buildings: Outhouse, Storage Shed
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 384
  • Waterfront Description: Lake

Utilities

  • Fuel: Propane - Tank Owned
  • Heat: Forced Air

Lot Info

  • Estimated Lot Dimensions: 384 x 635

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2013
Sold by
Bought by
Current Estimated Value
$587,202

Purchase Details

Listed on
Dec 20, 2011
Closed on
May 25, 2012
Sold by
Bought by
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
NONMEMBER nonmember
Nonmember Office
List Price
$298,500
Sold Price
$280,000
Premium/Discount to List
-$18,500
-6.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$224,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$280,000 All Amer Hb
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $224,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/25/2012 05/25/12 Sold $280,000 -6.2% $186 / Sq Ft
05/07/2012 05/07/12 Pending -- -- --
12/20/2011 12/20/11 For Sale $298,500 -- $198 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,292 $423,000 $150,800 $272,200
2023 $4,962 $363,600 $125,600 $238,000
2022 $4,406 $363,600 $125,600 $238,000
2021 $4,350 $303,100 $107,600 $195,500
2020 $3,966 $303,100 $107,600 $195,500
2019 $3,848 $272,500 $112,900 $159,600
2018 $2,680 $272,500 $112,900 $159,600
2017 $2,638 $187,000 $106,400 $80,600
2016 $2,624 $184,500 $103,900 $80,600
2015 $2,357 $158,800 $84,800 $74,000
2014 $2,357 $154,800 $80,800 $74,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2012

    Lisa Janisch

    Janisch Realty Inc.

  • N

    Buyer's Agent in 2012

    NONMEMBER nonmember

    Nonmember Office

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4245918

REALTOR® Association of Southern Minnesota

APN: 270002001367

Minnesota St Louis County Tower 55790

5218 5218 Ely Island, Tower, MN

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REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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