NOT LISTED FOR SALE

1324 S White Iron Rd Ely, MN 55731

Estimated Value: $554,000 - $1,398,000

4 Beds
3 Baths
1,680 Sq Ft
$532/Sq Ft Est. Value

Sale Details

Date Sold: October 17, 2014

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

Est. 113% increase in value since last sale

Current estimated payment $5,277 / mo

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

3.28 Acres

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
$894,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,394
Avg. Annual Appreciation
6.75%
Original Mortgage
$378,000
Outstanding Balance
$288,439
Interest Rate
4.13%
Mortgage Type
New Conventional
Estimated Equity
$605,955
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Butterfass Michelle L $420,000 Northeast Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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 $5,786 $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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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