NOT LISTED FOR SALE

1324 S White Iron Rd Ely, MN 55731

Estimated Value: $433,000 - $1,150,000

4 Beds
3 Baths
1,680 Sq Ft
$483/Sq Ft Est. Value

Last Sold October 17, 2014

Last sale price $420,000 $250 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,736/month

286 Days on Market

Highlights

  • 270 Feet of Waterfront
  • Beach Access
  • Deck
  • Memorial High School Rated 9+
  • Heated Floors
  • Whirlpool Bathtub

About This Home

As of October 2014

White Iron Lake Immaculate, 3,360 sq. ft. 4 bedroom, 3 bath home on the South shore of White Iron Lake, just minutes from Ely on a paved road. This beautiful home features a master bedroom/bath, a second bedroom, full bath, den, laundry facilities, formal dining room, eat-in kitchen and a spacious living room with a brick, wood burning fireplace all on the main level. The master bedroom, dining room and kitchen all have views of the lake. There is a front foyer and a side entrance into the kitchen. The lakeside deck is accessed from patio doors in the kitchen dining area. The lower walk-out level has a 17 X 21 family room with large windows overlooking the lake, 2 bedrooms, a full bath, utility room and 2 storage rooms. The 28 X 40 triple garage has automatic door openers and an attached, 14 X 28 heated workshop. Paved drive. Drilled well & septic. The 3+ acres is heavily wooded with mature pines & other deciduous tree cover. 270 ft. of southeast facing shoreline.

Last Agent to Sell the Property

Bruce Chernak

Bear Island Land Co., Inc Listed on: 12/01/2013

Co-Listed By

Janet Erchul

Bear Island Land Co., Inc

Last Buyer's Agent

Gary Erchul

Bear Island Land Co., Inc

Home Details

Home Type

  • Single Family

Year Built

  • 2000

Lot Details

  • 3.28 Acre Lot
  • Lot Dimensions are 242x589
  • 270 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Formal Dining Room
  • Heated Floors
  • Home Security System

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms
  • Bathroom on Main Level
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

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

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Beach Access
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Powered By Owned Propane
  • Private Water Source
  • Private Sewer
  • Phone Available

Community Details

  • Association fees include snow removal

Listing and Financial Details

  • Assessor Parcel Number 465-0010-01818

Home Details

Home Type

Single Family

Year Built

2000

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Natural Woodwork, Security System, Washer/Dryer Hookups
  • Amenities Exterior: Deck, Patio, Watering System
  • Estimated Number of Acres: 3.28
  • Assessments: Yes
  • Beach Type: Gravel
  • Construction: Previously Owned
  • Parcel Number: 465-0010-01818
  • Range: 12
  • Section: 14
  • Stories: 1 Story
  • Twp Number: 62
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2000

Interior Features

  • Dining Room: Eat-In Kitchen, Formal Dining Room
  • Fireplace Type: Wood Burning
  • Appliances: Dishwasher, Dryer, Range/Stove, Refrigerator, Washer
  • Total Bedrooms: 4
  • Bathroom Description: Full Basement, Full Master, Main Floor Full Bath, Whirlpool
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Room 1: Living Room, 19x13, On Level: Main
  • Room 2: Dining Room, 18x11, On Level: Main
  • Room 3: Kitchen, 19x14, On Level: Main
  • Room 4: Rec Room, 21x17, On Level: Lower
  • Room 5: Master Bedroom, 15x13, On Level: Main
  • Room 6: Bedroom, 11x13, On Level: Main
  • Room 7: 13x16, On Level: Main
  • Room 8: Den/Office, 11x11, On Level: Lower
  • Room 9: Bedroom, 17x11, On Level: Lower
  • Basement Features: Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1680
  • Below Grade Finished Sq Ft: 1680
  • Total Square Footage: 3360

Exterior Features

  • Frontage Road: County, Paved
  • Lake Chain: Yes
  • Waterfront Name: White Iron
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 270
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 3

Utilities

  • Cooling: Central
  • Fuel: Propane - Tank Owned
  • Heat: Fireplace, Forced Air, In Floor
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • HOA Fee Includes: Snow Removal
  • Association Fee Frequency: Yearly
  • Association Fee: Yes
  • Association Fee: 300

Lot Info

  • Estimated Lot Dimensions: 242x589
  • Lot/Land Description: Accessible Shoreline, Landscaped, Low Land, Tree Coverage - Medium, Telephone

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2013
Closed on
Oct 17, 2014
Sold by
Mitchell Gary A and Mitchell Karen
Bought by
Butterfass Michelle L and Tomann Robert J
Seller's Agent
Bruce Chernak
Bear Island Land Co., Inc
Buyer's Agent
Gary Erchul
Bear Island Land Co., Inc
List Price
$474,900
Sold Price
$420,000
Premium/Discount to List
-$54,900
-11.56%
Current Estimated Value
$811,027

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$391,027
Avg. Annual Appreciation
6.05%
Original Mortgage
$378,000
Outstanding Balance
$288,439
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$522,588
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
Butterfass Michelle L $420,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butterfass Michelle L $378,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2014 10/17/14 Sold $420,000 -11.6% $250 / Sq Ft
09/13/2014 09/13/14 Pending -- -- --
12/01/2013 12/01/13 For Sale $474,900 -- $283 / 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 $5,538 $585,500 $212,900 $372,600
2023 $5,538 $539,100 $202,900 $336,200
2022 $4,582 $539,100 $202,900 $336,200
2021 $4,916 $410,900 $155,800 $255,100
2020 $4,554 $410,900 $155,800 $255,100
2019 $4,252 $410,900 $155,800 $255,100
2018 $3,970 $394,600 $157,900 $236,700
2017 $3,982 $372,800 $151,200 $221,600
2016 $4,632 $370,600 $149,000 $221,600
2015 $4,507 $435,600 $174,000 $261,600
2014 $4,507 $435,600 $174,000 $261,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2014

    Bruce Chernak

    Bear Island Land Co., Inc

  • J

    Seller Co-Listing Agent in 2014

    Janet Erchul

    Bear Island Land Co., Inc

  • G

    Buyer's Agent in 2014

    Gary Erchul

    Bear Island Land Co., Inc

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4571183

REALTOR® Association of Southern Minnesota

APN: 465001001818

Minnesota Lake County Ely 55731

1324 S White Iron Rd, Ely, MN

Not Listed for Sale

Detached

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