NOT LISTED FOR SALE

1185 Ring Rock Rd Ely, MN 55731

Estimated Value: $369,000 - $658,000

2 Beds
1 Bath
1,760 Sq Ft
$286/Sq Ft Est. Value

Last Sold May 26, 2017

Last sale price $280,000 $159 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,936/month

20 Days on Market

Highlights

  • 260 Feet of Waterfront
  • Bay View
  • Finished Attic
  • Memorial High School Rated 9+
  • Wood Flooring
  • Loft

About This Home

As of May 2017

Mature Norway Pine studded 260 feet of White Iron Lake shore just south of Ring Rock offers a nice 26 x 26 modern cabin that is well suited to three seasons. This cabin is a four season possibility with a well and the addition of a furnace. There is currently a newer septic system and has a lake water system in use. The home sits on a full basement with walkout. The main floor walk in leads to the living area, with excellent lake views and beautiful sunsets from it's western exposure. A comfortable lakeside three season porch just off the kitchen area is done in knotty pine allows for relaxation and comfort. There is a full bath and bedroom on the mail floor. The spacious loft extends the bedroom or recreation areas of the cabin. A dock is provided with an easy roll out at the end of the season. Fishing is excellent from the dock or the ring rock area. It is just a short boat ride to the river feeding White Iron and another excellent place to fish and explore. A very private spot.

Last Agent to Sell the Property

Jerry Fink

Canoe Capital Realty, LLC Listed on: 03/31/2017

Last Buyer's Agent

Karen Zupancich

Edina Realty - Ely

Edina Realty - Ely

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,858

Year Built

  • Built in 1998

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 260 x 428
  • 260 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Property fronts a county road
  • Elevated Lot
  • Lot Has A Rolling Slope
  • Unpaved Streets
  • Many Trees

Property Views

  • Bay
  • Lake

Home Design

  • Cabin
  • Concrete Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • Multi-Level Property
  • Paneling
  • Ceiling Fan
  • Gas Fireplace
  • Vinyl Clad Windows
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Loft
  • Sun or Florida Room
  • Wood Flooring
  • Finished Attic

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Baseboard Heating
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0208-00020

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,858

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: North of Ely on State Highway 169 to right on the Kawishi Trail, 4 miles to Right on the Sunset road, 4 miles to right on Ring Rock Road to 1185.
  • L O1 Office Phone1 Number: 218-365-8689
  • Road Maintenance: Private, Public
  • ShorelineCharacteristics: Gravel, Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: Inland Lake, Bay
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Hardwood Floors, Drywalls, Panelled Walls
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1084
  • Below Grade Finished Sq Ft: 676
  • Garage Type: None
  • Heat: Baseboard, Fireplace, Propane, Electric
  • New Development: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 2
  • Year Built: 1998
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Features: Unfinished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: 1
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Attic Rm-Finish, Enclosed Porch, Family/Rec, Sunrm/Solarium
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bathroom
  • Bedroom 5: Loft
  • Stories: 1.25 - 1.75 Story
  • Room 6: 3 Season Porch
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1760
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County, Private, Unpaved
  • Water Frontage In Feet: 260
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Vinyl Frame

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 260 x 428
  • Estimated Number of Acres: 2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, Tree Coverage - Medium, High, Rolling, BWCA Area
  • Parcel Number: 465-0208-00020
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 2858

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2017
Closed on
May 26, 2017
Sold by
Anderson Daniel W and Anderson Lucille A
Bought by
Sherrill Bradley M and Sherrill Carolyn J
Seller's Agent
Jerry Fink
Canoe Capital Realty, LLC
Buyer's Agent
Karen Zupancich
Edina Realty - Ely
List Price
$280,000
Sold Price
$280,000
Current Estimated Value
$503,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,031
Avg. Annual Appreciation
7.07%
Original Mortgage
$224,000
Outstanding Balance
$116,057
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$386,974
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
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
Sherrill Bradley M $280,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherrill Bradley M $224,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/26/2017 05/26/17 Sold $280,000 0.0% $159 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $280,000 -- $159 / 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 $3,602 $381,600 $243,000 $138,600
2023 $3,602 $370,600 $231,300 $139,300
2022 $1,549 $351,300 $231,300 $120,000
2021 $3,202 $267,600 $176,600 $91,000
2020 $3,020 $267,600 $176,600 $91,000
2019 $3,062 $267,600 $176,600 $91,000
2018 $2,900 $273,100 $194,100 $79,000
2017 $2,918 $259,400 $185,400 $74,000
2016 $3,390 $259,400 $185,400 $74,000
2015 $3,444 $305,000 $217,700 $87,300
2014 $3,444 $305,000 $217,700 $87,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6027761

APN: 465020800020