NOT LISTED FOR SALE

1568 Grant McMahan Blvd Ely, MN 55731

Estimated Value: $501,069 - $684,000

3 Beds
2 Baths
2,160 Sq Ft
$268/Sq Ft Est. Value

Last Sold June 01, 2020

Last sale price $385,000 $178 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,319/month

47 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Deck
  • Memorial High School Rated 9+
  • Panoramic View
  • Recreation Room

About This Home

As of June 2020

A must see to appreciate all the beautiful details of this converted 1920's Dairy Barn to a 3 Bedroom, 2 Bath custom built home. The quality custom features in this 10 room home were lovingly, and meticulously crafted by local artisans. The ground floor bedrooms are at the waters edge; just 24 feet from Shagawa Lake. Warm wood trim accents, wrapped beams, wainscoting, built in benches and shelving are some of the many fine features. Enjoy the panoramic southern and sunset views on 1.4 +/- acres with 255 +/- feet of shoreline, with a sandy bay perfect for swimming and launching watercraft. The heat sources are wood and off-peak electric radiators. Some of the recent upgrades include; newer shingles, wood stove, carpet in downstairs bedrooms, cork floor in living/dining room, new tile and new deck wood. Outside features include White Cedar siding, upper and lower decks with lake views, Allen Scott student-built bread oven, combination 10 cord woodshed/carport with enclosed storage area, perennial gardens, with poppies and a raspberry patch. Septic Compliance Inspection from fall 2019 and Artisian dug well. Located just minutes away from the schools and downtown Ely on a well maintained year round road. Shagawa has excellent walleye fishing and abundant wildlife.

Last Agent to Sell the Property

Trish Bulinski

Bear Island Realty LLC Listed on: 11/25/2019

Last Buyer's Agent

Trish Bulinski

Bear Island Realty LLC Listed on: 11/25/2019

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924

Lot Details

  • 1.4 Acre Lot
  • Lot Dimensions are 350 x 255
  • Private Waterfront
  • 255 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Level Lot
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic
  • City Lights

Home Design

  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • 3-Story Property
  • Woodwork
  • Paneling
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Frame Window
  • Combination Dining and Living Room
  • Den
  • Recreation Room
  • Loft
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Cooktop
  • Microwave
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Carport
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Deck
  • Enclosed Patio or Porch
  • Rain Gutters

Utilities

  • No Cooling
  • Heating Available
  • Artesian Water
  • Dug Well
  • Electric Water Heater
  • Mound Septic
  • Private Sewer
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number part of 465-0020-03023

Home Details

Home Type

Single Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy 169 to Grant McMahan Blvd. (Co. Rd. 88). Turn left and follow to the property address on the left.
  • InternetOptions: DSL
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • ShorelineCharacteristics: Sand, Shore-Accessible, Shore-Beach
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • View Type:Pond View: Inland Lake, Panoramic, City Lights
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Skylight, Tiled Floors, Vaulted Ceilings, Beamed Ceilings, Drywalls, Panelled Walls, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Porch, Gutter/Downspout
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2160
  • Garage Type: Carport, Detached
  • Heat: Electric
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Room 10: Bathroom
  • Room 11: Storage Room
  • Room 12: Laundry Room
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1924
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel11: Main
  • RoomLevel12: Main
  • RoomLevel3: Main
  • RoomLevel4: Lower
  • RoomLevel5: Lower
  • RoomLevel6: Lower
  • RoomLevel7: Upper
  • RoomLevel8: Upper
  • RoomLevel9: Main
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Cooktop, Dryer, Microwave, Refrigerator, Washer
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Master, Full Main Floor
  • Formal Dining: Combine with Living Room, Eat-In Kitchen
  • Extra Rooms: Den/Office, Enclosed Porch, Storage Room
  • Fireplace: No
  • 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: 3 Story
  • Room 6: Bedroom
  • Room 7: Rec Room
  • Room 8: Loft
  • Room 9: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2160
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County, Paved
  • Waterfront Access: Private
  • Water Frontage In Feet: 255
  • Waterfront Name: Shagawa
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

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

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Mound
  • Water: Artesian, Dug

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 350 x 255
  • Estimated Number of Acres: 1.4
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, Level
  • Parcel Number: part of 465-0020-03023
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2022
Sold by
William Stark Robert and William Ann Mary
Bought by
Stark Joint Trust
Current Estimated Value
$579,017

Purchase Details

Listed on
Nov 25, 2019
Closed on
Jun 1, 2020
Sold by
Bourquin Jeanne Louise
Bought by
Stark Robert William and Stark Mary Ann
Seller's Agent
Trish Bulinski
Bear Island Realty LLC
Buyer's Agent
Trish Bulinski
Bear Island Realty LLC
List Price
$385,000
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$240,000
Interest Rate
3.3%
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
Stark Joint Trust $500 Klun Law Firm Pa
Stark Robert William $385,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stark Robert William $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2020 06/01/20 Sold $385,000 0.0% $178 / Sq Ft
01/11/2020 01/11/20 Pending -- -- --
11/25/2019 11/25/19 For Sale $385,000 -- $178 / 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 $3,414 $414,800 $202,300 $212,500
2023 $3,414 $360,200 $186,100 $174,100
2022 $2,344 $291,100 $169,900 $121,200
2021 $1,828 $239,400 $137,500 $101,900
2020 $2,844 $185,200 $114,900 $70,300
2019 $3,170 $282,000 $136,500 $145,500
2018 $2,940 $316,200 $155,100 $161,100
2017 $2,710 $299,000 $147,500 $151,500
2016 $3,224 $277,100 $140,100 $137,000
2015 $3,237 $317,700 $160,500 $157,200
2014 $3,237 $317,700 $160,500 $157,200
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Trish Bulinski

    Bear Island Realty LLC

    (218) 349-5595

    135 Total Sales

    Trish Bulinski
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6087517

APN: 465002003023

Minnesota St Louis County Ely 55731

1568 Grant McMahan Blvd, Ely, MN

Not Listed for Sale

Detached

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