5458 Ely Island South

5458 Ely Island South has been categorized by the local assessors in Tower, MN as a residential type of property. The home has a total of 2 rooms. 2 of these rooms are legally considered as bedrooms. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5458 Ely Island South has 540 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 854,647 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a log cabin/rustic style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a open porch. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The exterior walls of the building are made of wood. In terms of heating, the home is utilizing wood. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5458 Ely Island South sold most recently in Nov 12, 2004 for a total of $150,000. If you work out the math, that's approximately a cost of $277.78 per sqft. Before that, the property was also sold for $100,000 in Aug 22, 2003. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,162 in taxes each year. 5458 Ely Island South was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $249,700. If we break it down further, the land itself was valued at $194,100. Improvements to the property, however, were assessed at a total of $55,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.