NOT LISTED FOR SALE

1816 Grant McMahan Blvd Ely, MN 55731

Estimated Value: $320,000 - $474,000

1 Bed
1 Bath
800 Sq Ft
$486/Sq Ft Est. Value

Sale Details

Date Sold: October 9, 2020

Last sale price $200,915 $251 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,335 / mo

27 Days on Market

Highlights

  • Private Waterfront
  • Panoramic View
  • Log Cabin
  • Memorial High School Rated 9+
  • Main Floor Primary Bedroom
  • Skylights

About This Home

As of October 2020

Classic log cabin on clear water fishing lake with over 300’ of pristine shoreline. This charming seasonal log cabin features classic Northwoods charm with open concept, large living & dining area with wood-burning fieldstone fireplace, and log beamed vaulted ceilings. Level shoreline on a gorgeous pine studded 6-acre lot with southern exposure. Cabin comes fully furnished. *SLLS*

Last Agent to Sell the Property

Kate Davies

Bear Island Realty LLC Listed on: 08/21/2020

Co-Listed By

Anna Yahnke

Bear Island Realty LLC

Last Buyer's Agent

Jeff Hway

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,918

Lot Details

  • 6 Acre Lot
  • Lot Dimensions are 300 x 900
  • Private Waterfront
  • 300 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Elevated Lot
  • Level Lot
  • Many Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Log Cabin
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 800 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Skylights
  • Wood Burning Fireplace
  • Combination Dining and Living Room
  • Crawl Space
  • Range

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • No Garage
  • Driveway
  • Off-Street Parking

Utilities

  • Heating System Uses Wood
  • Private Water Source
  • Gas Water Heater
  • Private Sewer
  • High Speed Internet
  • Phone Available
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 465-0280-00090

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,918

Lot Details

6 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, take Hwy 169 east to Co Rd 88. Turn left and follow to the property (1816) on the south side of the road.
  • InternetOptions: Cable, DSL, Satellite
  • Waterfront Info Lake Maximum Depth: 48
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • ShorelineCharacteristics: Rocky, Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Twp Number: 63
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: Ductless Mini Split
  • Reso Association Amenities: Natural Woodwork, Skylight
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 800
  • Garage Type: None
  • Heat: Fireplace, Wood
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 1
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Crawl Space
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Living Room
  • 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: Master Bedroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 800
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 2344
  • Road Frontage: County, Paved
  • Waterfront Access: Private
  • Water Frontage In Feet: 300
  • Waterfront Name: Shagawa
  • Construction Status: Previously Owned
  • Exterior: Log

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Asphalt

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 300 x 900
  • Estimated Number of Acres: 6
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, Telephone, High, Level
  • Parcel Number: 465-0280-00090
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1918

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

Closed on
Aug 30, 2024
Sold by
Bought by
Current Estimated Value
$388,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,200
Outstanding Balance
$252,374
Interest Rate
9.29%
Mortgage Type
New Conventional
Estimated Equity
$136,522

Purchase Details

Listed on
Aug 21, 2020
Closed on
Oct 7, 2020
Sold by
Bought by
Seller's Agent
Kate Davies
Bear Island Realty LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$200,915
Sold Price
$200,915

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.35%

Purchase Details

Closed on
Nov 26, 2014
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
$380,000
Interest Rate
3.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
$319,000 Northeast Title
$200,915 Northeast Title Company
-- None Available
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 $255,200
Previous Owner $380,000
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
10/09/2020 10/09/20 Sold $200,915 0.0% $251 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
08/21/2020 08/21/20 For Sale $200,915 -- $251 / 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 $2,730 $290,000 $198,500 $91,500
2023 $2,748 $274,600 $182,400 $92,200
2022 $2,048 $241,900 $166,300 $75,600
2021 $2,116 $176,600 $119,400 $57,200
2020 $1,918 $176,600 $119,400 $57,200
2019 $2,032 $176,600 $119,400 $57,200
2018 $1,896 $185,600 $134,100 $51,500
2017 $1,802 $176,000 $127,600 $48,400
2016 $2,126 $165,000 $121,200 $43,800
2015 $2,162 $193,800 $142,300 $51,500
2014 $2,158 $193,800 $142,300 $51,500
Source: Public Records

Agents Affiliated with this Home

  • Kate Davies

    Seller's Agent in 2020

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    155 Total Sales

    Kate Davies
    Section Image
  • Anna Yahnke

    Seller Co-Listing Agent in 2020

    Anna Yahnke

    Bear Island Realty LLC

    (218) 235-3547

    164 Total Sales

    Anna Yahnke
    Section Image
  • Jeff Hway

    Buyer's Agent in 2020

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    158 Total Sales

    Jeff Hway
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6092548

APN: 465028000090

Minnesota St Louis County Ely 55731

1816 Grant McMahan Blvd, Ely, MN

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