100 2ndEly, MN 55731

  • Apartment buildings
  • 9,990 SF
Off market
$2,338,200 Estimated

Property Details for 100 2nd

Year built
2008
Property size (Sq ft)
9,990 SF
Property type
Apartment buildings
APN
030-0020-00116
APU
30002000116

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,277,524
    6.5%
    $2,102,330
    7%
    $1,952,164
  • Comparable approach

    Method
    Valuation
    Relative Method
    $790,329
    Geo Method
    $790,329
  • Alternative Use

    Use
    Valuation
    Residential
    $2,102,330
    Hospitality
    $1,925,723
    Educational
    $1,602,179
    Medical
    $1,657,280
    Retail
    $2,492,278

Location Insight

City
Ely
County
St. Louis
State
Minnesota
Latitude
47.9007
Longitude
-91.8704
CBSA code
20260
CBSA name
DULUTH, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,826
$49,700
$2,288,500
$2,338,200
-
$49,700
$2,288,500
$2,338,200

FAQs

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