Seller's Agent in 2025
Jeff Hway
Bear Island Realty LLC
(218) 349-0906
162 Total Sales
3
Beds
2
Baths
2,042
Sq Ft
2.2
Acres
Highlights
- Private Waterfront
- Spa
- Panoramic View
- Docks
- Sauna
- Deck
About This Home
As of August 2025Exquisite log home located just a few miles northeast of Ely on Fall Lake with direct water access to the Boundary Waters Wilderness Area! This 3 bedroom, 2 bath show place is gorgeous throughout, and offers great privacy and spectacular views! The great room, that houses the living room and kitchen, features a stunning floor to ceiling flat rock fireplace, cathedral ceilings with impressive log beams, and large floor to ceiling windows facing the lake! Also on the main floor is a formal dining room, 2 nice sized bedrooms, and a full bath. Upstairs is the large loft bedroom with a phenomenal private bath! The lower level has a large multi-purpose rec room that is mostly finished, a large, finished laundry room, new cedar sauna, and walk out stairs to the outside. The large deck on the front of the home has memorable elevated views of the lake including a beautiful state-owned island that eagles frequent daily! The 2 plus stall garage is insulated and heated. Other features include heated floors in the bathrooms, central air conditioning, back up automatic generator, a storage building, and scenic northwoods Boundary Waters type ledge rock outcrops. Nice path to the lake and dock. Fall Lake has excellent fishing, and is approx. 6 miles long, with the northern quarter of the lake located inside the wilderness area--but where you also can still use a boat and motor! From Fall Lake, there are 2 portages that take you north into Basswood Lake and the Canadian border! Home is being sold turn-key with great furnishings if desired.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,066
Year Built
- Built in 2002
Lot Details
- 2.2 Acre Lot
- Lot Dimensions are 300 x 290
- Private Waterfront
- 295 Feet of Waterfront
- Lake Front
- Property fronts a private road
- Elevated Lot
- Unpaved Streets
- Landscaped with Trees
Property Views
- Lake
- Panoramic
Home Design
- Log Cabin
- Concrete Foundation
- Slab Foundation
- Asphalt Shingled Roof
- Log Siding
Interior Spaces
- Multi-Level Property
- Woodwork
- Beamed Ceilings
- Cathedral Ceiling
- Wood Burning Fireplace
- Double Pane Windows
- Wood Frame Window
- Great Room
- Formal Dining Room
- Loft
- Sauna
Kitchen
- Cooktop
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Bathroom on Main Level
Laundry
- Laundry Room
- Dryer
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Detached Garage
- Heated Garage
- Insulated Garage
- Garage Door Opener
- Gravel Driveway
Outdoor Features
- Spa
- Docks
- Deck
- Storage Shed
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Drilled Well
- Electric Water Heater
- Private Sewer
- Satellite Dish
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 28-6374-18080, 28-6374-18090
Matterport 3D Tour
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2025
Closed on
Aug 29, 2025
Sold by
Seydel Craig
Bought by
The Ann M Arney Trust Under Agreenment
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Anna Yahnke
Bear Island Realty LLC
List Price
$959,000
Sold Price
$930,000
Premium/Discount to List
-$29,000
-3.02%
Views
28
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,863
Avg. Annual Appreciation
-4.76%
Purchase Details
Closed on
Dec 8, 2017
Sold by
Johnson Scott M and Johnson Lisa A
Bought by
Seydel Craig Phillip
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $930,000 | -- | |
| Warranty Deed | $490,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/29/2025 08/29/25 | Sold | $930,000 | -3.0% | $455 / Sq Ft |
| 07/30/2025 07/30/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | For Sale | $959,000 | -- | $470 / 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 |
|---|---|---|---|---|
| 2025 | $5,360 | $814,500 | $184,300 | $630,200 |
| 2024 | $3,470 | $821,400 | $184,300 | $637,100 |
| 2023 | $3,227 | $818,100 | $173,400 | $644,700 |
| 2022 | $4,192 | $707,700 | $151,500 | $556,200 |
| 2021 | $3,854 | $513,800 | $145,300 | $368,500 |
| 2020 | $4,381 | $216,600 | $209,000 | $7,600 |
| 2019 | $408 | $216,600 | $209,000 | $7,600 |
| 2018 | $4,890 | $463,600 | $162,300 | $301,300 |
| 2017 | $4,276 | $471,300 | $170,000 | $301,300 |
| 2016 | $4,292 | $421,000 | $162,300 | $258,700 |
| 2015 | $4,322 | $423,900 | $162,300 | $261,600 |
| 2014 | $4,322 | $0 | $0 | $0 |
| 2013 | $4,287 | $0 | $0 | $0 |
| 2012 | $4,151 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Hway
-
Zachary Hway
Z
Seller Co-Listing Agent in 2025
Zachary Hway
Bear Island Realty LLC
(651) 341-0383
68 Total Sales
-
Anna Yahnke
Buyer's Agent in 2025
Anna Yahnke
Bear Island Realty LLC
(218) 235-3547
177 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6120714
APN: 28-6374-18080
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