NOT LISTED FOR SALE

14054 Fall Lake Rd Ely, MN 55731

Estimated Value: $328,000 - $688,000

3 Beds
2 Baths
2,296 Sq Ft
$209/Sq Ft Est. Value

Last Sold July 29, 2016

Last sale price $136,000 $59 Per Sq Ft

Est. 254% increase in value since last sale

Current estimated payment $2,694/month

51 Days on Market

Highlights

  • Sauna
  • Contemporary Architecture
  • Recreation Room
  • Deck
  • Property is near a forest
  • Vaulted Ceiling

About This Home

As of July 2016

Just 6 miles east of Ely off the Fall Lake Rd. is this very nice 3+ bedroom, 2 bath year-around home. Over 7 acres of private country living, located just a mile down the road from the Fall Lake Landing for easy access to great fishing and the BWCAW! The home has 3 levels of living space, and has pine floors and tongue and groove vaulted ceilings in the expansive living/dining area. You will enjoy the large wood burning brick fireplace there as well! Main floor also has the master bedroom, kitchen, and full bath. Upstairs is a loft bedroom and a large office space (that could be used as an additional bedroom). The walk-out lower level has another bedroom, 3/4 bath, family/rec room, and a large utility/storage room. Large deck to enjoy the view! There is a log sauna building, a very nice guest cabin, and a storage building. Nice backyard with a small pond!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 05/04/2016

Last Buyer's Agent

Kate Davies

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,617

Year Built

  • Built in 1985

Lot Details

  • 7.2 Acre Lot
  • Lot Dimensions are 600 x 525
  • Landscaped with Trees

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Paneling
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Double Pane Windows
  • Family Room
  • Combination Dining and Living Room
  • Recreation Room
  • Lower Floor Utility Room
  • Sauna
  • Property Views

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

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

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Window Egress

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Storage Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Private Sewer

Additional Features

  • Property is near a forest
  • Bunk House

Listing and Financial Details

  • Assessor Parcel Number 28-6369-05020

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,617

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, take Hwy 169 east (which becomes the Fernberg Trail) for approximately 5 miles. Turn left on the Fall Lake Road and go 1/2 mile to driveway on the right.
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Private
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Natural Woodwork, Vaulted Ceilings, Drywalls, Panelled Walls
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1312
  • Below Grade Finished Sq Ft: 984
  • Garage Type: None
  • Heat: Fireplace, Forced Air, Propane
  • Reso Roof: Metal
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1985
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Lower
  • RoomLevel5: Main
  • RoomLevel6: Lower
  • RoomLevel7: Upper
  • RoomLevel8: Upper
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Basement Features: Egress Windows, Partially Finished, Walkout, Bedrooms, Family/Rec Room, Utility Room
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Formal Dining: Combine with Living Room, Informal Dining Room
  • Extra Rooms: Family/Rec
  • 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: Rec Room
  • Bedroom 5: Master Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Bedroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2296
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Sauna, Storage Shed, Bunkhouse
  • Road Frontage: Paved, Forest Service
  • Construction Status: Previously Owned
  • Exterior: Vinyl, Wood
  • Window Features:Insulated Windows: Double Glazed

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 600 x 525
  • Estimated Number of Acres: 7.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, BWCA Area
  • Parcel Number: 28-6369-05020

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1616.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2016
Closed on
Jul 29, 2016
Sold by
Penke Emmett J and Penke Sarah J
Bought by
Carey David S and Carey Dena S
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Kate Davies
Bear Island Realty LLC
List Price
$136,000
Sold Price
$136,000
Current Estimated Value
$480,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,941
Avg. Annual Appreciation
14.35%

Purchase Details

Closed on
Nov 2, 2010
Sold by
Penke Emmett and Penke Sarah
Bought by
Penke Emmet J and Penke Sarah J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,750
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2010
Sold by
Us Bank National Association
Bought by
Penke Emmett and Penke Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,750
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 11, 2005
Sold by
Mccluskey Kim M and Mccluskey Lydia J
Bought by
Mccluskey Kim M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
6.87%
Mortgage Type
New Conventional
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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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
Carey David S $136,000 None Available
Penke Emmett J -- None Available
Penke Emmet J -- Northeast Title Company
Penke Emmett $99,751 Edina Realty Title
Mccluskey Kim M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penke Emmet J $89,750
Previous Owner Mccluskey Kim M $164,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2016 07/29/16 Sold $136,000 0.0% $59 / Sq Ft
06/24/2016 06/24/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $136,000 -- $59 / 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
2025 $2,086 $433,300 $63,100 $370,200
2024 $1,366 $398,800 $59,400 $339,400
2023 $1,529 $386,200 $59,400 $326,800
2022 $2,204 $386,300 $59,400 $326,900
2021 $1,329 $297,100 $63,100 $234,000
2020 $1,531 $167,800 $75,500 $92,300
2019 $1,512 $167,800 $75,500 $92,300
2018 $1,545 $207,600 $67,600 $140,000
2017 $1,433 $209,500 $67,600 $141,900
2016 $1,617 $202,800 $75,500 $127,300
2015 $1,652 $203,000 $76,300 $126,700
2014 $1,652 $0 $0 $0
2013 -- $0 $0 $0
2012 $1,346 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hway

    Seller's Agent in 2016

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    162 Total Sales

    Jeff Hway
    Section Image
  • Kate Davies

    Buyer's Agent in 2016

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    168 Total Sales

    Kate Davies
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6022115

APN: 28-6369-05020

Minnesota Lake County Ely 55731

14054 Fall Lake Rd, Ely, MN

Not Listed for Sale

Detached

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