NOT LISTED FOR SALE

1241 Walsh Rd Ely, MN 55731

Estimated Value: $605,000 - $703,000

2 Beds
0.5 Bath
1,460 Sq Ft
$457/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $600,000 $411 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,916/month

4 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Panoramic View
  • Docks
  • Sauna
  • Deck

About This Home

As of August 2021

Lovely top quality lake home on Eagles Nest Lake 2 west of Ely. Approx 3 acres of privacy and 315 feet of gorgeous shoreline on this crystal clear water lake. Great swimming, and nice drop off into clear deep water!. Nice views of undeveloped shoreline in the distance! This 2 bedroom carriage home features an awesome main floor great room with vaulted ceilings that houses the living and dining areas. Also the well laid out kitchen with copper topped counters. Upstairs are 2 bedrooms, an office, a flex room, and a very nice bathroom with shower. The hardwood flooring upstairs is gorgeous! Meticulous craftsmanship throughout the home. There is a tuck under 1 and a half stall garage. Outside decks on the main floor and 2nd floor. Home has redwood siding, with stone along the lower portions. A stroll down to the lake takes you to a fabulous sauna, a pond, wooden walkways, and lots of scenic shoreline! It is pure pleasure to spend time at this awesome lakeside setting!! There is a crank-up boat storage slip with a roof on it!. The grounds are very well kept and include a nice garden, campfire area, cul-de-sac driveway, storage building, and much more! Eagles Nest Lake 2 directly connects to Eagles Nest Lake 1 offering miles of awesome waterways to enjoy, explore, and fish!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 07/20/2021

Last Buyer's Agent

Dan Anderson

Move it Real Estate Group/Lakehomes.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,190

Year Built

  • Built in 2002

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 500 x 300
  • Private Waterfront
  • 315 Feet of Waterfront
  • Lake Front
  • Unpaved Streets
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 1,460 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Free Standing Fireplace
  • Entrance Foyer
  • Combination Dining and Living Room
  • Sauna
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 0.5 Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Tuck Under Garage
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Docks
  • Deck

Utilities

  • Pellet Stove burns compressed wood to generate heat
  • Heating System Uses Propane
  • Drilled Well
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 317-0191-00040

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,190

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Located between Ely and Tower. Take the Bear Head Lake State Park Rd to Walsh Rd to property
  • Waterfront Info Lake Maximum Depth: 39
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • ShorelineCharacteristics: Gravel, Hard, Shore-Accessible, Elevation-Medium
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Vaulted Ceilings
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1460
  • Garage Type: Tuckunder
  • Heat: Fireplace, Propane, Pellet
  • Fireplaces: 2
  • MainFloorBath: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 2002
  • Level 1 Bedroom: Main
  • RoomLevel3: Second Floor
  • RoomLevel4: Second Floor
  • RoomLevel5: Second Floor
  • RoomLevel6: Second Floor
  • RoomLevel7: Main
  • RoomLevel8: Main
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Material: Poured Concrete
  • Basement Style: Slab
  • Bathroom Description: 1/2 Upper
  • Formal Dining: Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 7: Laundry Room
  • Room 8: Foyer
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1460
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 388
  • Out Buildings: Sauna
  • Road Frontage: Unpaved, Township
  • Waterfront Access: Private
  • Water Frontage In Feet: 315
  • Waterfront Name: Eagles Nest 2
  • Construction Status: Previously Owned
  • Exterior: Stone, Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 1

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Drain Field
  • Water: Drilled

Condo/Co-op/Association

  • Shared: Deck, Dock

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 500 X 300
  • Estimated Number of Acres: 3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium
  • Parcel Number: 317-0191-00040
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3190

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2021
Closed on
Aug 27, 2021
Sold by
Gibbish Gary A and Gibbish Jane L
Bought by
Vankooten Richard James and Vankooten Van Kooten
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Dan Anderson
Move it Real Estate Group/Lakehomes.com
List Price
$600,000
Sold Price
$600,000
Current Estimated Value
$666,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,949
Avg. Annual Appreciation
2.48%

Purchase Details

Listed on
Apr 16, 2018
Closed on
Aug 7, 2018
Sold by
Snyder Charles E and Snyder Cathleen A
Bought by
Gibbish Gary A and Gibbish Jane L
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$325,000
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.18%
Original Mortgage
$260,000
Interest Rate
4.1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 13, 2017
Sold by
Elkins Linda M and Baxter Michaele A
Bought by
Elkins Bryce B and Elkins Patti L

Purchase Details

Closed on
Feb 8, 2013
Sold by
Anderson John R and Anderson Julie M
Bought by
Snyder Charles E and Snyder Cathleen A

Purchase Details

Closed on
Jun 25, 2001
Sold by
Laitinen Edward and Laitinen Ruby E
Bought by
Snyder Charles E and Snyder Cathleen A
Source: Public Records

Range of Values:

--
Value Increase
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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
Vankooten Richard James $600,000 Northeast Title Company
Gibbish Gary A $325,000 Northeast Title Company
Elkins Bryce B -- None Available
Snyder Charles E $200,000 Arrowhead
Snyder Charles E $35,000 --
Vankooten Richard Richard $600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gibbish Gary A $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2021 08/31/21 Sold $600,000 0.0% $411 / Sq Ft
07/24/2021 07/24/21 Pending -- -- --
07/20/2021 07/20/21 For Sale $600,000 +84.6% $411 / Sq Ft
08/10/2018 08/10/18 Sold $325,000 0.0% $251 / Sq Ft View Prior Sale
07/03/2018 07/03/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $325,000 -- $251 / 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 $5,068 $541,400 $258,200 $283,200
2023 $5,068 $429,300 $199,900 $229,400
2022 $3,252 $418,300 $199,900 $218,400
2021 $3,190 $308,400 $182,300 $126,100
2020 $3,134 $308,400 $182,300 $126,100
2019 $2,728 $301,800 $211,200 $90,600
2018 $3,428 $275,300 $193,200 $82,100
2017 $2,882 $275,300 $193,200 $82,100
2016 $3,126 $235,700 $173,400 $62,300
2015 $3,507 $266,400 $178,700 $87,700
2014 $3,507 $282,900 $189,600 $93,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6098530

APN: 317019100040