5496 Ely Island South

Local assessors in Tower, MN have categorized 5496 Ely Island South as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 187,308 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a log cabin/rustic style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 2 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5496 Ely Island South has a total of 960 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a screened porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Lots of wood were used in the construction of the exterior walls of the home. The home has been utilizing wood for fuel. The property was last sold in Oct 5, 2022 for $232,000. That's $241.67 per sqft. Prior to that sales transaction, the property was also sold in Oct 5, 2022 for $232,000. 5496 Ely Island South was last assessed in 2022. The total value of the property was assessed at $192,400. Specifically, the land the property is located on was valued at $84,100. While improvements on the property were assessed at a total of $108,300. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,444. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.