NOT LISTED FOR SALE

1285 N Cedar Lake Rd Ely, MN 55731

Estimated Value: $672,000 - $1,584,000

4 Beds
3 Baths
3,200 Sq Ft
$321/Sq Ft Est. Value

Last Sold May 23, 2014

Last sale price $865,000 $270 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,942/month

122 Days on Market

Highlights

  • 1,060 Feet of Waterfront
  • Docks
  • Heated Floors
  • Memorial High School Rated 9+
  • Spa
  • Open Floorplan

About This Home

As of May 2014

Picture sitting in a stunning sunroom surrounded by spectacular wall-to-wall windows that open to magnificent views. This log home on beautiful Cedar Lake is nestled on a private, 13+/- acre wooded landscape providing over 1,000 feet of shoreline. Quality craftsmanship throughout this uncommon home will entice discriminating buyers. The deck on this Huisman-built Canadian Red Cedar log home features a hot tub looking out over the lake, a hand-carved front door, natural woodwork and a breathtaking floor to ceiling rock fireplace. Every detail was carefully planned, the proof of this can be found in the subtle finishing touches including the copper rain gutters and the seemingly effortless landscaping. The home includes a total of 4 bedrooms and 3 baths including a master suite with full private bath. The walkout basement is tastefully finished; complete with two bedrooms, a bath and laundry facilities. The 3-stall garage hosts guest quarters above it. A rare opportunity.

Last Agent to Sell the Property

Bruce Chernak

Bear Island Land Co., Inc Listed on: 01/03/2014

Co-Listed By

Kate Davies

Bear Island Land Co., Inc

Last Buyer's Agent

Phil Hyde

Bear Island Land Co., Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,754

Year Built

  • 1997

Lot Details

  • 8 Acre Lot
  • Lot Dimensions are 650 x 550
  • 1,060 Feet of Waterfront
  • Landscaped with Trees

Home Design

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

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Woodwork
  • Vaulted Ceiling
  • Skylights
  • Gas Fireplace
  • Formal Dining Room
  • Eat-In Kitchen
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • Bathroom on Main Level
  • Whirlpool Bathtub

Finished Basement

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

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio

Utilities

  • Dual Heating Fuel
  • Baseboard Heating
  • Private Water Source
  • Gas Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 465-0020-01692, 01693, 01696

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,754

Year Built

1997

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Single Family
  • Amenities: Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Hot Tub, Natural Woodwork, Skylight, Tiled Floors, Vaulted Ceilings, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Dock, Driveway - Gravel, Hot Tub, Patio
  • Estimated Number of Acres: 8
  • Assessment Balance: 58
  • Assessments: Yes
  • Beach Type: Gravel, Rocky
  • Construction: Previously Owned
  • Mechanicals: Water Heater-Gas
  • Parcel Number: 465-0020-01692, 01693, 01696
  • Stories: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1997

Interior Features

  • Dining Room: Combine with Living Room, Formal Dining Room, Open Floor Plan
  • Fireplace Type: Gas
  • Total Bedrooms: 4
  • Bathroom Description: 3/4 Basement, Full Master, Main Floor Full Bath, Private Master, Whirlpool
  • Total Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bathrooms: 3
  • Room 1: Living Room, 12'x32', On Level: Main
  • Room 2: Kitchen, 10'x16', On Level: Main
  • Room 3: Master Bedroom, 15'x20', On Level: Second Floor
  • Room 4: Bedroom, 14'x14', On Level: Main
  • Room 5: Bedroom, 12'x9.5', On Level: Lower
  • Room 6: Sunroom/Solarium, 14'x26', On Level: Main
  • Room 7: 13.5'x12', On Level: Lower
  • Basement Features: Daylight/Lookout Windows, Egress Windows, Finished, Walkout
  • Basement Material: Poured Concrete
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 2050
  • Below Grade Finished Sq Ft: 1152
  • Total Fin Square Footage: 3200
  • Total Square Footage: 3200

Exterior Features

  • Waterfront Name: Cedar
  • Construction Type: Log Home
  • Exterior: Log
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 1060

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 3

Utilities

  • Fuel: Electric
  • Heat: Baseboard, Dual Fuel/Off Peak, Fireplace, In Floor
  • Sewer: Private
  • Water: Private

Schools

  • School District: Ely #696

Lot Info

  • Estimated Lot Dimensions: 650 x 550
  • Lot/Land Description: Landscaped, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2014
Closed on
May 20, 2014
Sold by
Torregrosa Sa
Bought by
Bollom Patrick O and Bollom Colleen H
Seller's Agent
Bruce Chernak
Bear Island Land Co., Inc
Buyer's Agent
Phil Hyde
Bear Island Land Co., Inc
List Price
$885,000
Sold Price
$865,000
Premium/Discount to List
-$20,000
-2.26%
Current Estimated Value
$1,027,556

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,556
Avg. Annual Appreciation
1.52%

Purchase Details

Closed on
Jun 26, 2001
Sold by
Graham Timothy C and Graham Ann S
Bought by
Torregrosa S A
Source: Public Records

Range of Values:

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Average Value
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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
Bollom Patrick O $865,000 Northeast Title
Torregrosa S A $710,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2014 05/23/14 Sold $865,000 -2.3% $270 / Sq Ft
05/05/2014 05/05/14 Pending -- -- --
01/03/2014 01/03/14 For Sale $885,000 -- $277 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $6,754 $675,200 $261,100 $414,100
2023 $6,754 $619,200 $247,900 $371,300
2022 $6,012 $619,200 $247,900 $371,300
2021 $6,220 $516,200 $208,300 $307,900
2020 $5,882 $516,200 $208,300 $307,900
2019 $5,642 $516,200 $208,300 $307,900
2018 $5,256 $505,800 $201,800 $304,000
2017 $5,302 $475,700 $191,600 $284,100
2016 $6,252 $475,700 $191,600 $284,100
2015 $6,276 $559,000 $224,800 $334,200
2014 $6,276 $559,000 $224,800 $334,200
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Bruce Chernak

    Bear Island Land Co., Inc

  • K

    Seller Co-Listing Agent in 2014

    Kate Davies

    Bear Island Land Co., Inc

  • P

    Buyer's Agent in 2014

    Phil Hyde

    Bear Island Land Co., Inc

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4567558

REALTOR® Association of Southern Minnesota

APN: 465002001692

Minnesota St Louis County Ely 55731

1285 N Cedar Lake Rd, Ely, MN

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