NOT LISTED FOR SALE

1155 Ring Rock Rd Ely, MN 55731

Estimated Value: $458,000 - $908,000

3 Beds
2 Baths
1,810 Sq Ft
$381/Sq Ft Est. Value

Last Sold July 19, 2019

Last sale price $495,000 $273 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,989/month

12 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Bay View
  • Memorial High School Rated 9+
  • Beach Access
  • Heated Floors

About This Home

As of July 2019

Near the end of the road, on White Iron Lake, sits this beautiful year ‘round Voyageur log home and detached 2-stall garage. This impressive home was built in 2007 using the Ely area’s top craftsmen. The main level consists of a spacious master bedroom, a full bathroom, and a great room with an open concept kitchen, dining, and living room. The main level has nice porcelain tile throughout, with in-floor heat, granite counter tops in the kitchen, and a large wood burning stone fireplace in the living room that reaches to the cathedral ceiling. With an abundance of windows facing west, this home has spectacular sunset views from either the great room, loft, or the lakeside deck that can be accessed from this level. There is a huge L-shaped loft that currently is being used as a large 2nd bedroom. The lower level walkout is mostly unfinished but gives the future owners the opportunity to finish it just the way they like. The lower level features another large bedroom, a 3/4 bathroom, the utility room that houses the duel fuel, off peak heating system, and a 22.5 ‘x 26’ room that would make a great rec or family room. Like the main floor, the lower level also has in-floor heat throughout. Walk out from the lower level to a covered (deck above) sitting area where there are steps that make an easy walk through the gorgeous coverage of trees to the lovely octagonal gazebo, and +/-164 ft of west facing shoreline. White Iron, along with Farm, South Farm, and Garden Lakes, are part of Ely’s largest chain of lakes and offer great fishing for walleye, crappie, bluegill, large and smallmouth bass, northern pike, and more. The location of this property offers close and easy access to the quiet south end of White Iron where there are miles of undeveloped federal shoreline, and the canyon entrance of the Kawishiwi River-that is a very scenic area, with excellent fishing! There is also direct water access from this property into the famous Boundary Waters Canoe Area Wilderness!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 05/23/2019

Last Buyer's Agent

Jerry Fink

Canoe Capital Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,366

Year Built

  • Built in 2007

Lot Details

  • 1.04 Acre Lot
  • Lot Dimensions are 320 x 164
  • Private Waterfront
  • 164 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Landscaped with Trees

Property Views

  • Bay
  • Lake
  • Panoramic

Home Design

  • Log Cabin
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Double Pane Windows
  • Mud Room
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Open Floorplan
  • Recreation Room
  • Utility Room

Kitchen

  • Range
  • Kitchen Island

Flooring

  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 2 Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Docks
  • Deck
  • Gazebo

Utilities

  • No Cooling
  • Dual Heating Fuel
  • Heating System Uses Wood
  • Private Water Source
  • Drilled Well
  • Private Sewer
  • Sewer Holding Tank
  • High Speed Internet

Additional Features

  • Wheelchair Access
  • Air Exchanger

Listing and Financial Details

  • Assessor Parcel Number 465-0225-00110

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,366

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy 169 to Kawishiwi Trail. Turn right and follow to the Sunset Road. Turn right on Sunset and follow to Ring Rock Rd. Turn onto Ring Rock and follow to the property address on the right.
  • InternetOptions: DSL
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Association
  • ShorelineCharacteristics: Rocky, Shore-Accessible, Elevation-Medium
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • View Type:Pond View: Inland Lake, Bay, Panoramic
  • Lot Description Waterfront: Yes
  • Ada Features: Partially Wheelchair
  • Air Conditioner: None
  • Reso Association Amenities: Kitchen Center Island, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Dock
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1410
  • Below Grade Finished Sq Ft: 400
  • Garage Type: Detached
  • Heat: Dual Fuel/Off Peak, Fireplace, In Floor, Wood
  • Fireplaces: 1
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 2007
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel5: Main
  • RoomLevel6: Upper
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • RoomLevel9: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Partially Finished, Bath, Bedrooms, Family/Rec Room
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: Main
  • Bathroom Description: 3/4 Basement, 3/4 Main Floor
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Extra Rooms: Family/Rec, Mud Room, Utility Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Bedroom 5: Master Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Rec Room
  • Room 9: Foyer
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1810
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Gazebo
  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 164
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Log
  • Window Features:Insulated Windows: Double Glazed

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Holding Tank
  • Water: Private, Drilled

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 320 x 164
  • Estimated Number of Acres: 1.04
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, BWCA Area
  • Parcel Number: 465-0225-00110
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3366

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2019
Closed on
Jul 19, 2019
Sold by
Laumb Steven and Laumb Linda
Bought by
Bollins John and Bollins Jocelyn
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Jerry Fink
Canoe Capital Realty, LLC
List Price
$495,000
Sold Price
$495,000
Current Estimated Value
$690,299

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,299
Avg. Annual Appreciation
5.30%
Original Mortgage
$395,000
Outstanding Balance
$345,312
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$344,987

Purchase Details

Closed on
May 30, 2003
Sold by
Thuss Judy K and Kellen Mary V
Bought by
Laumb Steven and Laumb Linda
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bollins John $495,000 Northeast Title Company
Laumb Steven $165,000 Ne Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bollins John $395,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2019 07/19/19 Sold $495,000 0.0% $273 / Sq Ft
06/04/2019 06/04/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $495,000 -- $273 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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 $4,462 $473,600 $179,100 $294,500
2023 $4,462 $444,000 $170,700 $273,300
2022 $3,920 $444,000 $170,700 $273,300
2021 $4,052 $338,800 $131,400 $207,400
2020 $3,786 $338,800 $131,400 $207,400
2019 $3,638 $335,200 $131,400 $203,800
2018 $3,426 $323,900 $131,400 $192,500
2017 $3,446 $305,900 $125,800 $180,100
2016 $4,012 $305,900 $125,800 $180,100
2014 $3,907 $345,000 $146,900 $198,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6083125

APN: 465022500110