NOT LISTED FOR SALE

167 Sunset Rd Ely, MN 55731

Estimated Value: $708,627 - $816,000

3 Beds
2 Baths
2,520 Sq Ft
$302/Sq Ft Est. Value

Last Sold October 17, 2024

Last sale price $677,366 $269 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,410/month

30 Days on Market

Highlights

  • Private Waterfront
  • Panoramic View
  • Vaulted Ceiling
  • Beach Access
  • Recreation Room
  • Ranch Style House

About This Home

As of October 2024

Lovely and spacious 3 bedroom, 2 bath home on White Iron Lake. Located on Sunset Road, this gorgeous home can be used year around, or as your Ely vacation home! This quality built home is on approx. 2.7 acres of privacy and has approx. 235 feet of shoreline on the largest lake chain in the Ely area, that is 12 miles long! Great fishing and exploring and direct access to the BWCAW! The main floor has a large open concept living room, kitchen and dining area with vaulted pine ceilings and a nice wood stove. Also a fantastic 3 season porch that faces towards the lake that could be 4 season by adding a heater. Also, a full bath and 2 large bedrooms. The lower level has the 3rd bedroom, a 3/4 bath, a very comfortable family room, and a large, mostly finished, utility room that could be used for almost anything! There is a walkout door towards the lake. The home is cedar sided and has awesome log highlights on the front entry and rear deck. Also, a maintenance free metal roof. Nice easy path to the lake and a dock in the bay that faces northwest. Ready to go for your enjoyment!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 08/19/2024

Co-Listed By

Zachary Hway

Bear Island Realty LLC

Last Buyer's Agent

Andrea Zupancich

Z' Up North Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,717

Lot Details

  • 2.7 Acre Lot
  • Lot Dimensions are 310 x 550
  • Private Waterfront
  • 235 Feet of Waterfront
  • Lake Front
  • Elevated Lot
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Free Standing Fireplace
  • Double Pane Windows
  • Wood Frame Window
  • Living Room
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Utility Room
  • Washer and Dryer Hookup

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Finished 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

  • Beach Access
  • Enclosed Patio or Porch

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Baseboard Heating
  • Drilled Well
  • Electric Water Heater
  • Mound Septic
  • Satellite Dish

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 28-6273-07070

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,717

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy 169 to Kawishiwi Trial. Turn right and follow to Sunset Road. Turn right and follow to the property address on the right.
  • InternetOptions: Satellite
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • ShorelineCharacteristics: Rocky, Shore-Accessible, Elevation-Medium
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Natural Woodwork, Vaulted Ceilings
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1368
  • Below Grade Finished Sq Ft: 1152
  • Garage Type: None
  • Heat: Baseboard, Wood, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Lower
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Refrigerator, Range/Stove
  • Basement Features: Egress Windows, Finished, Bath, Bedrooms, Family/Rec Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: 3 Season Porch
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: 3 Season Porch
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Rec Room
  • Room 8: Utility Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2520
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: Township
  • Waterfront Access: Private
  • Water Frontage In Feet: 235
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Double Glazed, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel, Off Street

Utilities

  • Power Company: Lake Country Power
  • Sewer: Mound
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 310 x 550
  • Estimated Number of Acres: 2.7
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, High, BWCA Area
  • Parcel Number: 28-6273-07070
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4717

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Oct 15, 2024
Sold by
Stateman Ralph A and Statem Patricia
Bought by
Steiner Jeremy
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Andrea Zupancich
Z' Up North Realty
List Price
$720,000
Sold Price
$677,366
Premium/Discount to List
-$42,634
-5.92%
Views
12
Current Estimated Value
$760,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,541
Avg. Annual Appreciation
10.27%
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
Steiner Jeremy $677,366 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2024 10/17/24 Sold $677,366 -5.9% $269 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $720,000 -- $286 / 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 $5,092 $676,500 $231,400 $445,100
2024 $2,836 $682,300 $231,400 $450,900
2023 $2,565 $654,100 $203,200 $450,900
2022 $4,102 $554,000 $203,200 $350,800
2021 $3,909 $440,500 $194,500 $246,000
2020 $3,751 $195,300 $194,500 $800
2019 $38 $220,900 $220,100 $800
2018 $3,945 $369,400 $220,100 $149,300
2017 $3,511 $382,000 $231,000 $151,000
2016 $3,513 $347,300 $220,100 $127,200
2015 $3,512 $348,600 $220,100 $128,500
2014 $3,512 $0 $0 $0
2013 $3,421 $0 $0 $0
2012 $3,371 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6115626

APN: 28-6273-07070