3
Beds
1.5
Baths
1,680
Sq Ft
0.9
Acres
Highlights
- 187 Feet of Waterfront
- Panoramic View
- Lake, Pond or Stream
- Docks
- Deck
- Wood Flooring
About This Home
As of February 2020"THE POINT" This fabulous property has been named because of the spectacular views in all directions. The cabin/home sits within 45' from the waters edge and boosts a gorgeous sand beach and private launch. You have a lake view from every window and a new 12' x 24' deck! Located on the White Iron Chain of Lakes this property provides direct access to the BWCAW. This home has received all new wiring, plumbing, propane furnace, roof, septic system, updated survey, red western cedar siding, bathroom fixtures and refinished Douglas Fir hardwood floors. The home has been preserved with old world charm and updated with modern amenities. In addition, there is a 12'x16' Bunk House for guest and a 2 stall garage. This property has been proven to be a great rental income in the summer.
Last Agent to Sell the Property
Keller Williams Classic Realty NW - Ely Listed on: 09/21/2017
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,876
Year Built
- Built in 1950
Lot Details
- 0.9 Acre Lot
- Lot Dimensions are 145 x 190
- 187 Feet of Waterfront
- Lake Front
- Elevated Lot
- Level Lot
- Landscaped with Trees
Property Views
- Lake
- Panoramic
Home Design
- Bungalow
- Concrete Foundation
- Poured Concrete
- Fire Rated Drywall
- Wood Frame Construction
- Metal Roof
- Wood Siding
Interior Spaces
- 1,680 Sq Ft Home
- 2-Story Property
- Woodwork
- Ceiling Fan
- Living Room
- Combination Kitchen and Dining Room
- Lower Floor Utility Room
- Wood Flooring
- Eat-In Kitchen
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Bathroom on Main Level
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Detached Garage
- Gravel Driveway
Outdoor Features
- Docks
- Lake, Pond or Stream
- Deck
Farming
- Bunk House
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Propane
- Private Water Source
- Electric Water Heater
- Water Softener is Owned
- Fuel Tank
- Private Sewer
Listing and Financial Details
- Assessor Parcel Number 28-6382-43100,43115,43090
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 4, 2019
Closed on
Feb 10, 2020
Sold by
Mount Samuel J and Mount Kristy L
Bought by
Masloski Adam M
Seller's Agent
Jim Burke
Keller Williams Classic Realty NW
Buyer's Agent
Kay McGiverin
Timber Ghost Realty, LLC-Duluth
List Price
$304,100
Sold Price
$304,100
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.73%
Purchase Details
Listed on
Jul 11, 2012
Closed on
Aug 11, 2014
Sold by
Johnson Jack Jack
Bought by
Forsman Karl Karl
Seller's Agent
Janet Erchul
Bear Island Land Co., Inc
Buyer's Agent
NONMEMBER nonmember
Nonmember Office
List Price
$189,000
Sold Price
$102,000
Premium/Discount to List
-$87,000
-46.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.06%
Similar Homes in Ely, MN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $304,100 | None Available | |
| Deed | $102,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $684,000 | -1.9% | $548 / Sq Ft |
| 06/19/2025 06/19/25 | Price Changed | $697,000 | -1.8% | $558 / Sq Ft |
| 06/06/2025 06/06/25 | Price Changed | $710,000 | -2.1% | $569 / Sq Ft |
| 05/23/2025 05/23/25 | For Sale | $725,000 | +138.4% | $581 / Sq Ft |
| 02/11/2020 02/11/20 | Sold | $304,100 | 0.0% | $373 / Sq Ft |
| 11/20/2019 11/20/19 | Pending | -- | -- | -- |
| 10/04/2019 10/04/19 | For Sale | $304,100 | +11.6% | $373 / Sq Ft |
| 11/17/2017 11/17/17 | Sold | $272,500 | 0.0% | $162 / Sq Ft |
| 10/13/2017 10/13/17 | Pending | -- | -- | -- |
| 09/21/2017 09/21/17 | For Sale | $272,500 | +167.2% | $162 / Sq Ft |
| 08/19/2014 08/19/14 | Sold | $102,000 | -46.0% | $61 / Sq Ft |
| 07/14/2014 07/14/14 | Pending | -- | -- | -- |
| 07/11/2012 07/11/12 | For Sale | $189,000 | -- | $113 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 | $171 | $48,300 | $48,300 | $0 |
| 2023 | $344 | $41,700 | $41,700 | $0 |
| 2022 | $344 | $41,700 | $41,700 | $0 |
| 2021 | $351 | $39,700 | $39,700 | $0 |
| 2020 | $603 | $39,700 | $39,700 | $0 |
| 2019 | $470 | $50,700 | $50,700 | $0 |
| 2018 | $500 | $50,700 | $50,700 | $0 |
| 2017 | $463 | $53,600 | $53,600 | $0 |
| 2016 | $461 | $50,700 | $50,700 | $0 |
| 2015 | $1,102 | $50,700 | $50,700 | $0 |
| 2014 | $1,102 | $0 | $0 | $0 |
| 2013 | $938 | $0 | $0 | $0 |
| 2012 | $910 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lori Schulze
Seller's Agent in 2025
Lori Schulze
Keller Williams Classic Realty NW - Ely
(218) 343-1787
130 Total Sales
-
J
Seller's Agent in 2020
Jim Burke
Keller Williams Classic Realty NW
-
K
Buyer's Agent in 2020
Kay McGiverin
Timber Ghost Realty, LLC-Duluth
-
J
Seller's Agent in 2014
Janet Erchul
Bear Island Land Co., Inc
-
N
Buyer's Agent in 2014
NONMEMBER nonmember
Nonmember Office
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6031569
APN: 28-6382-43090
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