NOT LISTED FOR SALE

8297 Virginia Ely Rd Babbitt, MN 55706

Estimated Value: $166,000 - $235,000

73 Acres
$2,774 Price per Acre
3,179,880 Sq Ft Lot

Sale Details

Date Sold: August 27, 2021

Last sale price $140,000

Est. 45% increase in value since last sale

Current estimated payment $1,227 / mo

47 Days on Market

Highlights

  • Private Waterfront
  • 73 Acre Lot
  • Pole Barn
  • Home fronts a pond
  • Pond
  • Views

About This Lot

As of August 2021

Such a great opportunity! Located on the edge of Babbitt you have 73 acres of hunting land with year round easy road access, power at road and your very own Beaver Pond. State land to the West and South of the Northern Property and to the west of the southern property. Amazing hunting opportunity abounds the outdoors person in you. Seller was going to build a small hunting shack on the northern property overlooking the beaver pond. Shelled in 32 x 54 almost new metal building that could be turned into a hunting shack or just used for storage of the boat, snow machine or four wheelers. No well and septic yet but can be added with your dreams! Ideal secluded building site for that dream Country Home close to Ely, Babbitt or Virginia.

Last Agent to Sell the Property

Andrea Zupancich

Z' Up North Realty Listed on: 06/22/2021

Last Buyer's Agent

Andrea Zupancich

Z' Up North Realty Listed on: 06/22/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $859

Lot Details

  • 73 Acre Lot
  • Home fronts a pond
  • Private Waterfront
  • 200 Feet of Waterfront
  • Lot Has A Rolling Slope
  • Landscaped with Trees

Parking

  • Gravel Driveway

Outdoor Features

  • Pond
  • Pole Barn

Additional Features

  • Property Views

Property Details

Property Type

Land

Est. Annual Taxes

$859

Lot Details

73 Acres

Listing Details

  • Class: LOT/LAND
  • Directions: From Babbitt West on Hwy 21 approx. 5 miles, north on Virginia Ely Rd 2 miles property on left.
  • L O1 Office Phone1 Number: 218-827-2288
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Public, Year Round
  • Property Sub-Type: Recreational
  • Tax Year: 2021
  • View Type:Pond View: Typical
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Out Buildings: Pole Building
  • Waterfront Access: Private
  • Water Frontage In Feet: 200
  • Waterfront Name: Pond

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 1320 x 1320 & 1320 x 1111
  • Estimated Number of Acres: 73
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Geo Subdivision: MN
  • Land Improvements: Yes
  • Lot Description: Tree Coverage - Medium, Pond, Rolling
  • Waterfront Type: Pond

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 859

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
Oct 28, 2015
Sold by
Bought by
Current Estimated Value
$202,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
0.0382%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 27, 2001
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
$75,000 Northeast Title Company
$35,000 --
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
Closed $60,000
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
08/27/2021 08/27/21 Sold $140,000 0.0% --
08/08/2021 08/08/21 Pending -- -- --
06/22/2021 06/22/21 For Sale $140,000 -- --
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 $1,376 $142,400 $112,600 $29,800
2023 $1,226 $113,700 $89,900 $23,800
2022 $883 $103,300 $81,700 $21,600
2021 $884 $81,200 $63,100 $18,100
2020 $882 $79,400 $63,100 $16,300
2019 $866 $79,400 $63,100 $16,300
2018 $876 $79,400 $63,100 $16,300
2017 $816 $79,100 $62,800 $16,300
2016 $780 $66,000 $48,400 $17,600
2015 $818 $66,000 $48,400 $17,600
2014 $792 $66,200 $48,600 $17,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6097812

APN: 625001104380

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