NOT LISTED FOR SALE

1161 N Cedar Lake Rd Ely, MN 55731

Estimated Value: $379,000 - $710,000

3 Beds
1.5 Baths
3,480 Sq Ft
$150/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $250,000 $72 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $3,022/month

Highlights

  • Private Waterfront
  • Docks
  • Panoramic View
  • Memorial High School Rated 9+
  • Sauna
  • Sun or Florida Room

About This Home

As of March 2019

Cedar Lake year around home 5 miles N.E. of Ely. It is less than 12 miles from the Canadian Border and near the BWCA. 4 + acres and 550 ft of shoreline +/-. with a beautiful point. The home is almost 3500 sq. ft., 3 huge BRs, Two BAs, office/den, sun room entry. Downstairs bath has a sauna. 20' X 50' great room with a conversation area, lake views, & a loft library. Great room windows are new, 2 stories tall & overlook the lake. 2 forced air furnaces, one oil & one wood. The kitchen-dining area has ceiling heat panels + there is electric baseboard heat & a little wood stove. 2 "off peak" 50 gal. electric water heaters & a water softener. 2 garages, for cars & toys. 36' permanent crib dock in a deep water notch harbor. 10 ft of sand beach. Quiet lake to canoe, kayak & fish. Must see to appreciate. *SLLS*

Last Agent to Sell the Property

Bruce Chernak

Bear Island Realty LLC Listed on: 01/03/2019

Last Buyer's Agent

Lisa Janisch

Janisch Realty Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,442

Year Built

  • Built in 1979

Lot Details

  • 4.14 Acre Lot
  • Lot Dimensions are 462 x 390
  • Private Waterfront
  • 550 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Many Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Fire Rated Drywall
  • Wood Frame Construction
  • Wood Siding
  • Steel Siding

Interior Spaces

  • 3,480 Sq Ft Home
  • 2-Story Property
  • Paneling
  • Vinyl Clad Windows
  • Wood Frame Window
  • Mud Room
  • Entrance Foyer
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Sun or Florida Room
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Washer Hookup

Parking

  • 4 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Baseboard Heating
  • Private Water Source
  • Electric Water Heater
  • Fuel Tank
  • Private Sewer
  • Phone Available

Additional Features

  • Energy-Efficient Windows
  • Docks

Listing and Financial Details

  • Assessor Parcel Number 465-0072-00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,442

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy. 169 to Co. Rd. 88. Turn left on Co. Rd. 88 and go 1 mile to Winton Rd. Turn right on Winton Rd. and follow to Samz Bar. Turn left on Cedar Lake Road and follow to Cedar Lake Rd. N, on your left. When you come to the Y in the road stay right and follow to Fire #1161.
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Private
  • ShorelineCharacteristics: Gravel, Rocky
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Eat-In Kitchen, Garage Door Opener, Kitchen Center Island, Sauna, Drywalls, Foyer Entry, Panelled Walls, Main Floor Laundry, Washer Hook-Ups
  • Amenities Exterior: Dock
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood, Other - See Remarks
  • FinFootageAboveGrade: 3480
  • Garage Type: Detached
  • Heat: Baseboard, Forced Air, Wood, Oil, Electric
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Dining Room
  • TotalBedrooms: 3
  • Year Built: 1979
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Main
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom 1 Level: main
  • Bathroom Description: 1/2 Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Den/Office, Mud Room, Sunrm/Solarium
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Den/Office
  • Room 8: Sunroom/Solarium
  • Room 9: Foyer
  • Total Bathrooms: 2
  • Total Fin Square Footage: 3480
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 550
  • Waterfront Name: Cedar
  • Construction Status: Previously Owned
  • Exterior: Steel, Wood
  • Window Features:Insulated Windows: Energy Windows, Vinyl Frame, Wood Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Capacity: 4

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 462 x 390
  • Estimated Number of Acres: 4.14
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, Telephone
  • Parcel Number: 465-0072-00020
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 3442

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2006
Sold by
Pechek Michael J and Pechek Valarie S
Bought by
Goad Eugene W and Goad Sharon E
Current Estimated Value
$520,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Outstanding Balance
$106,636
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$414,182
Source: Public Records

Range of Values:

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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
Goad Eugene W $280,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Goad Eugene W $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2019 03/01/19 Sold $250,000 0.0% $72 / Sq Ft
01/03/2019 01/03/19 Pending -- -- --
01/03/2019 01/03/19 For Sale $250,000 -- $72 / 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 $3,550 $428,300 $181,500 $246,800
2023 $3,550 $307,400 $172,400 $135,000
2022 $2,500 $307,400 $172,400 $135,000
2021 $2,704 $257,000 $144,900 $112,100
2020 $2,966 $257,000 $144,900 $112,100
2019 $3,470 $257,000 $144,900 $112,100
2018 $3,442 $309,700 $197,500 $112,200
2017 $3,472 $309,700 $197,500 $112,200
2016 $3,414 $309,700 $197,500 $112,200
2015 $3,300 $309,700 $197,500 $112,200
2014 $3,300 $323,500 $213,800 $109,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Bruce Chernak

    Bear Island Realty LLC

  • Lisa Janisch

    Buyer's Agent in 2019

    Lisa Janisch

    Janisch Realty Inc.

    (218) 780-6644

    308 Total Sales

    Lisa Janisch
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6080151

APN: 465007200020

Minnesota St Louis County Ely 55731

1161 N Cedar Lake Rd, Ely, MN

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