NOT LISTED FOR SALE

1476 Co-Op Point Rd Ely, MN 55731

Estimated Value: $400,000 - $608,000

2 Beds
1 Bath
1,344 Sq Ft
$377/Sq Ft Est. Value

Sale Details

Date Sold: October 6, 2017

Last sale price $185,000 $138 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $2,995 / mo

60 Days on Market

Highlights

  • 253 Feet of Waterfront
  • Vaulted Ceiling
  • Gazebo
  • Panoramic View
  • Wood Flooring
  • Fireplace

About This Home

As of October 2017

Quaint cabin on a large wooded lakeshore lot. Cabin features an open concept with beautiful hard wood floors. Upper level is ready to be finished with vaulted ceilings, 2 spacious bedrooms and a bath. Attached garage, half log siding, and metal roof complete this cabin. Land features a screen house at the water’s edge, excellent swimming spot, and an outhouse. *SLLS*

Last Agent to Sell the Property

Bruce Chernak

Bear Island Realty LLC Listed on: 06/24/2017

Last Buyer's Agent

Kate Davies

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,618

Year Built

  • Built in 2003

Lot Details

  • 3.27 Acre Lot
  • Lot Dimensions are 250 x 500
  • 253 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Lot Has A Rolling Slope
  • Many Trees

Home Design

  • Cabin
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Fireplace
  • Vinyl Clad Windows
  • Living Room
  • Dining Room
  • Wood Flooring
  • Panoramic Views
  • Crawl Space

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom Rough-In

Parking

  • 1 Car Attached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Gazebo
  • Outhouse

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Water Not Available
  • Not Connected to Sewer

Listing and Financial Details

  • Assessor Parcel Number 317-0010-04270

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,618

Year Built

Built in 2003

Lot Details

3.27 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel west on Hwy 169 to Bearhead State Park Road. Turn left and follow to Coop Point Road. Turn right and follow to the address on the left.
  • Waterfront Info Lake Maximum Depth: 76
  • L O1 Office Phone1 Number: 218-365-2800
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Hardwood Floors, Natural Woodwork, Vaulted Ceilings
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1344
  • Garage Type: Attached
  • Heat: Wood
  • Reso Roof: Metal
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 2003
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: Concrete Block
  • Basement Style: Crawl Space
  • Bathroom Description: Rough In
  • Fireplace: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Other
  • Total Fin Square Footage: 1344
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 323
  • Out Buildings: Gazebo
  • Road Frontage: Dead End/No Outlet
  • Water Frontage In Feet: 253
  • Waterfront Name: Eagles Nest 1
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Vinyl Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Capacity: 1

Utilities

  • Power Company: Lake Country Power
  • Sewer: None, Outhouse
  • Water: None

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 250 x 500
  • Estimated Number of Acres: 3.27
  • Cultivated Acreage: LSAR
  • Geo Match Code: 2
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Low Land, Tree Coverage - Heavy, Rolling
  • Parcel Number: 317-0010-04270
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2618

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2017
Closed on
Oct 6, 2017
Sold by
Bought by
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Kate Davies
Bear Island Realty LLC
List Price
$185,000
Sold Price
$185,000
Current Estimated Value
$506,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,838
Avg. Annual Appreciation
12.27%
Original Mortgage
$140,000
Outstanding Balance
$74,513
Interest Rate
3.82%
Mortgage Type
Commercial
Estimated Equity
$432,325

Purchase Details

Closed on
Jul 12, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,100
Interest Rate
6.9%

Purchase Details

Closed on
Feb 15, 2002
Sold by
Bought by
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
$185,000 Northeast Title Company
$37,900 Northeast Title Company
$59,751 Consolidated Title
$59,751 Consolidated Title
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 $140,000
Previous Owner $34,100
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
10/06/2017 10/06/17 Sold $185,000 0.0% $138 / Sq Ft
08/23/2017 08/23/17 Pending -- -- --
06/24/2017 06/24/17 For Sale $185,000 -- $138 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax 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.

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 $3,096 $339,500 $199,600 $139,900
2023 $3,192 $258,600 $154,900 $103,700
2022 $2,766 $253,600 $154,900 $98,700
2021 $2,696 $225,600 $154,900 $70,700
2020 $2,780 $225,600 $154,900 $70,700
2019 $2,978 $229,000 $150,900 $78,100
2018 $3,068 $246,800 $148,000 $98,800
2017 $2,678 $246,800 $148,000 $98,800
2016 $2,896 $219,300 $133,100 $86,200
2015 $2,883 $220,100 $154,100 $66,000
2014 $2,883 $233,700 $163,500 $70,200
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Bruce Chernak

    Bear Island Realty LLC

  • Kate Davies

    Buyer's Agent in 2017

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    157 Total Sales

    Kate Davies
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6029904

APN: 317001004270

Minnesota St Louis County Ely 55731

1476 Co-Op Point Rd, Ely, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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