NOT LISTED FOR SALE

13370 Farm Lake Access Rd Ely, MN 55731

Estimated Value: $366,000 - $440,000

2 Beds
1.5 Baths
1,350 Sq Ft
$301/Sq Ft Est. Value

Last Sold November 25, 2019

Last sale price $267,000 $198 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,389/month

56 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • Recreation Room
  • Docks
  • Deck
  • Lake, Pond or Stream

About This Home

As of November 2019

Beautiful log home on the edge of the Boundary Waters Canoe Area. The cabin features high quality finishings – from a fieldstone fireplace to stainless appliances – you will be very comfortable enjoying “cabin life up-north”. The open concept living, dining, and kitchen offers hickory wood flooring, custom hickory cabinetry, and floor to ceiling windows and doors offering phenomenal lake views. Main floor master bedroom, ¾ bath with fine fixtures and laundry. Upper loft features another ½ bath, rec area, office space, and a bedroom. All this on a gently sloped lot with 300 +/- feet of shoreline, 2 docks, swim raft, and storage shed. Partially furnished. *SLLS*

Last Listed By

Bruce Chernak

Bear Island Realty LLC Listed on: 08/10/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,554

Year Built

  • Built in 2005

Lot Details

  • 1.57 Acre Lot
  • Lot Dimensions are 275 x 245
  • Private Waterfront
  • 301 Feet of Waterfront
  • Lake Front
  • Many Trees

Parking

  • No Garage

Home Design

  • Log Cabin
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1,350 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Double Pane Windows
  • Living Room
  • Dining Room
  • Den
  • Recreation Room
  • Lake Views
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Outdoor Features

  • Docks
  • Lake, Pond or Stream
  • Deck
  • Storage Shed

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Private Water Source
  • Electric Water Heater
  • Private Sewer
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 28-6311-34031

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,554

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy 169 to the Kawishiwi Trail, Turn onto the Kawishiwi Trail and follow to the Farm Lake public access. From there travel by boat to the property.
  • InternetOptions: Satellite
  • Waterfront Info Lake Chain: Yes
  • L O1 Office Phone1 Number: 218-365-2800
  • List Price/ Sq Ft: 197.78
  • ShorelineCharacteristics: Gravel
  • Property Sub-Type: Seasonal
  • Tax Year: 2019
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Hardwood Floors, Kitchen Center Island, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Patio Door
  • Amenities Exterior: Deck, Dock
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1350
  • Garage Type: None
  • Heat: Fireplace, Wood
  • Fireplaces: 1
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 2005
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Second Floor
  • RoomLevel6: Second Floor
  • RoomLevel7: Second Floor
  • RoomLevel8: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom 1 Level: main
  • Level 2 Three Quarter Bathrooms: second floor
  • Bathroom Description: Full Main Floor
  • Formal Dining: Informal Dining Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Den/Office
  • Room 7: Rec Room
  • Room 8: Laundry Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1350
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: None
  • Waterfront Access: Private
  • Water Frontage In Feet: 301
  • Waterfront Name: Farm
  • Construction Status: Previously Owned
  • Exterior: Log
  • Window Features:Insulated Windows: Double Glazed

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2019-08-13
  • Estimated Lot Dimensions: 275 x 245
  • Estimated Number of Acres: 1.57
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Heavy
  • Parcel Number: 28-6311-34031
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2554.38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2019
Closed on
Nov 18, 2019
Sold by
Shallbetter Joseph R and Shallbetter Karen E
Bought by
Mcguiggan Michael R and Mcguiggan Kathleen S
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Bruce Chernak
Bear Island Realty LLC
List Price
$267,000
Sold Price
$267,000
Total Days on Market
56
Current Estimated Value
$407,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,012

Purchase Details

Closed on
Sep 16, 2005
Sold by
Anderson Roy W and Anderson Karen E
Bought by
Linsley Teschon C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 24, 2005
Sold by
Anderson Karen E and Anderson Roy W
Bought by
Shallbetter Joseph R and Shallbetter Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 12, 2005
Sold by
Anderson Roy W and Anderson Karen E
Bought by
Barrett David P and Barrett Alice M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
5.83%
Mortgage Type
Credit Line Revolving

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
Mcguiggan Michael R $267,000 --
Linsley Teschon C $129,000 Northeast Title Company
Shallbetter Joseph R $120,000 Northeast Title Company
Soukup Thomas A $140,000 Northeast Title Company
Barrett David P $130,000 Northeast Title Company
Bissonette David P $127,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soukup Thomas A $105,000
Previous Owner Barrett David P $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2019 11/25/19 Sold $267,000 0.0% $198 / Sq Ft
10/05/2019 10/05/19 Pending -- -- --
08/10/2019 08/10/19 For Sale $267,000 -- $198 / 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 $1,599 $396,000 $92,600 $303,400
2023 $1,440 $390,600 $87,200 $303,400
2022 $2,346 $318,500 $82,400 $236,100
2021 $2,229 $255,300 $110,200 $145,100
2020 $2,527 $237,700 $110,200 $127,500
2019 $2,554 $252,900 $124,000 $128,900
2018 $615 $252,900 $124,000 $128,900
2017 $780 $76,400 $76,400 $0
2016 $774 $94,000 $94,000 $0
2015 $770 $94,000 $94,000 $0
2014 $770 $0 $0 $0
2013 $752 $0 $0 $0
2012 $685 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6085565

APN: 28-6311-34031