NOT LISTED FOR SALE

5499 Ely Island N Tower, MN 55790

Estimated Value: $258,000 - $464,000

2 Beds
0.5 Bath
1,080 Sq Ft
$313/Sq Ft Est. Value

Sale Details

Date Sold: June 23, 2023

Last sale price $247,500 $229 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,085 / mo

127 Days on Market

Highlights

  • Private Waterfront
  • Panoramic View
  • Vaulted Ceiling
  • Docks
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of June 2023

Looking for a peaceful escape? Look no further than this charming rustic cabin on Ely Island. Just a short boat ride, this cozy cabin is the perfect retreat for those seeking tranquility and seclusion. Surrounded by lush forest and breathtaking views of the water, you’ll feel completely immersed in nature. The 2 BR cabin is a gem featuring a warm and welcoming interior with modern amenities. Sold furnished including a fully equipped kitchen & comfortable bedrooms, new planking flooring, electricity, 13+acres and 400’ of lksh. Outside, you’ll find plenty of space to relax & enjoy the natural beauty of your island get-away. Incredible sunsets!

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office, Inc Listed on: 01/20/2023

Last Buyer's Agent

Lisa Janisch

Janisch Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,951

Year Built

  • Built in 1989

Lot Details

  • 13.84 Acre Lot
  • Lot Dimensions are 1754x380
  • Private Waterfront
  • 400 Feet of Waterfront
  • Lake Front
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,080 Sq Ft Home
  • Multi-Level Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Family Room
  • Combination Dining and Living Room
  • Crawl Space
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 0.5 Bathroom

Parking

  • No Garage
  • No Driveway

Outdoor Features

  • Docks
  • Deck
  • Outhouse

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Private Water Source
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 270-0020-01422

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,951

Year Built

Built in 1989

Lot Details

13.84 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Via Boat from Aronson's Marina or Stuntz Bay Public Access
  • Waterfront Info Lake Maximum Depth: 76
  • L O1 Office Phone1 Number: 218-753-8985
  • PropAdjoinsPublicLand: No
  • Road Maintenance: None
  • ShorelineCharacteristics: Gravel, Rocky
  • Property Sub-Type: Seasonal
  • Tax Year: 2023
  • Twp Number: 62
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Vaulted Ceilings
  • Amenities Exterior: Deck, Dock
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1080
  • Garage Type: None
  • Heat: Wood
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1989
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Refrigerator
  • Basement Material: N/A
  • Basement Style: Crawl Space
  • Bathroom Description: 1/4 Main Floor
  • Formal Dining: Combine with Living Room, Informal Dining Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Family Room
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1080
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 39272.5
  • Road Frontage: None
  • Waterfront Access: Private
  • Water Frontage In Feet: 400
  • Waterfront Name: Vermilion
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: None

Utilities

  • Power Company: Lake Country Power
  • Sewer: Outhouse
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 1754x380
  • Estimated Number of Acres: 13.84
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium
  • Parcel Number: 270-0020-01422
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2951

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

Listed on
Jan 20, 2023
Closed on
Jun 23, 2023
Sold by
Bought by
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc
Buyer's Agent
Lisa Janisch
Janisch Realty Inc.
List Price
$247,500
Sold Price
$247,500
Views
311
Current Estimated Value
$337,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,340
Avg. Annual Appreciation
10.93%

Purchase Details

Closed on
Sep 17, 2021
Sold by
Bought by

Purchase Details

Closed on
Sep 7, 2021
Sold by
Bought by

Purchase Details

Closed on
Sep 19, 2011
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2003
Sold by
Bought by
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
$247,500 None Listed On Document
$240,000 Land Title Inc
-- Land Title
-- Ne Title Co Ely
-- None Available
$274,017 None Available
-- --
$240,000 --
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 $100,000
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
06/23/2023 06/23/23 Sold $247,500 0.0% $229 / Sq Ft
05/27/2023 05/27/23 Pending -- -- --
01/20/2023 01/20/23 For Sale $247,500 -- $229 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $3,170 $278,100 $138,400 $139,700
2023 $3,276 $237,200 $115,000 $122,200
2022 $2,668 $237,200 $115,000 $122,200
2021 $2,632 $183,200 $98,300 $84,900
2020 $2,830 $183,200 $98,300 $84,900
2019 $2,698 $161,000 $95,800 $65,200
2018 $2,424 $160,800 $95,600 $65,200
2017 $2,370 $141,800 $90,000 $51,800
2016 $2,386 $139,300 $87,500 $51,800
2015 $2,243 $126,000 $77,000 $49,000
2014 $2,243 $126,000 $77,000 $49,000
Source: Public Records

Agents Affiliated with this Home

  • Barbara Hegg

    Seller's Agent in 2023

    Barbara Hegg

    Vermilion Land Office, Inc

    (218) 742-2369

    182 Total Sales

    Barbara Hegg
    Section Image
  • Lisa Janisch

    Buyer's Agent in 2023

    Lisa Janisch

    Janisch Realty Inc.

    (218) 780-6644

    284 Total Sales

    Lisa Janisch
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6106720

APN: 270002001422

Minnesota St Louis County Tower 55790

5499 Ely Island N, Tower, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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