NOT LISTED FOR SALE

1831 Grant McMahan Blvd Ely, MN 55731

Estimated Value: $328,000 - $375,000

2 Beds
1.5 Baths
878 Sq Ft
$401/Sq Ft Est. Value

Last Sold November 09, 2023

Last sale price $320,000 $364 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,042/month

32 Days on Market

Highlights

  • Lake Front
  • Guest House
  • Living Room
  • Memorial High School Rated 9+
  • No HOA
  • 1-Story Property

About This Home

As of November 2023

Gorgeous 2 bed 2 bath log home on Shagawa Lake. This property has been professionally renovated and updated for ALL YEAR USE! Tons a relaxing options make this home a must see! Dock, Deck and a full screen house are conveniently located right by the water. Wrap around deck provides a perfect spot to grill,
dine, read a book, or to just enjoy the views. Separate shack with 1/2 bath is great for entertaining guests, extra sleeping, and or storage. Log home has been redone with NEW roof, New furnace, New insulation top and bottom, New septic holding tanks and New structural joists. Property also comes along with perfect RV parking spot along with full electrical hook-up! Buyer will have option to purchase property fully furnished. Don't miss out on your opportunity to have the comfort of cabin life living along with the necessities to enjoy in the winter on this beautiful Lake Shagawa property. Sellers are motivated!

Last Agent to Sell the Property

Alex Powell

JPW Realty Listed on: 09/28/2023

JPW Realty

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,912

Year Built

  • Built in 1952

Lot Details

  • 2.33 Acre Lot
  • Lake Front
  • Many Trees
  • Zoning described as Shoreline,Residential-Single Family

Home Design

  • Metal Roof
  • Log Siding

Interior Spaces

  • 878 Sq Ft Home
  • 1-Story Property
  • Stone Fireplace
  • Living Room
  • Lake Views

Kitchen

  • Range
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Additional Homes

  • Guest House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Propane
  • Well
  • Electric Water Heater
  • Fuel Tank

Community Details

  • No Home Owners Association
  • Thimlars Of Lt 3 21 T63 R12 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 465028000050

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,912

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Wall Unit(s)
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1952
  • Above Grade Finished Sq Ft: 878
  • Water Body Name: Shagawa
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Appliances: Disposal, Electric Water Heater, Fuel Tank - Rented, Range, Refrigerator
  • Fireplace Features: Stone
  • Living Area: 878
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Bedroom 1, Bedroom 2, Guest House, Kitchen

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less, Metal
  • View: Lake
  • Other Structures: Bunk House, Guest House, Screenhouse, Storage Shed
  • ConstructionMaterialsDesc: Log
  • PatioPorchType: Deck,Patio,Wrap Around
  • Lake Bottom: Rocky
  • LakeChain: N

Garage/Parking

  • Parking Features: Gravel, Asphalt

Utilities

  • Heating: Forced Air
  • Sewer: Holding Tank
  • Electric: Circuit Breakers
  • Fuel: Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Dock,Hardwood Floors,Natural Woodwork,Sauna

Schools

  • Junior High Dist: Ely
  • SchoolDistrictPhone: 218-365-6166

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: Irregular
  • Lot Size Sq Ft: 101669.04
  • Land Lease: No
  • Lot Features: Some Trees, Many Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Log

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 465028000050
  • Tax Annual Amount: 1912
  • TaxWithAssessments: 1912.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Nov 9, 2023
Sold by
Wills Brian and Wills Alycia
Bought by
Ferguson Matthew
Seller's Agent
Alex Powell
JPW Realty
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$349,900
Sold Price
$320,000
Premium/Discount to List
-$29,900
-8.55%
Views
129
Current Estimated Value
$352,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,381
Avg. Annual Appreciation
4.46%

Purchase Details

Listed on
Nov 11, 2021
Closed on
Aug 4, 2022
Sold by
Eckert Trust and Eckert Ronald W
Bought by
Wills Brian and Wills Alycia
Seller's Agent
Karen Zupancich
Edina Realty, Inc.
Buyer's Agent
Member Non
NON-MEMBER
List Price
$315,000
Sold Price
$287,000
Premium/Discount to List
-$28,000
-8.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.95%
Original Mortgage
$229,600
Interest Rate
4.45%
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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Purchase History

Date Buyer Sale Price Title Company
Ferguson Matthew $320,000 --
Wills Brian $287,000 Northeast Title
Wills Brian $287,000 Northeast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wills Brian $229,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2023 11/09/23 Sold $320,000 -4.5% $364 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/24/2023 10/24/23 Price Changed $335,000 -4.3% $382 / Sq Ft
09/28/2023 09/28/23 For Sale $349,900 +21.9% $399 / Sq Ft
08/04/2022 08/04/22 Sold $287,000 +0.4% $327 / Sq Ft View Prior Sale
07/02/2022 07/02/22 Pending -- -- --
06/01/2022 06/01/22 Price Changed $285,900 -9.2% $326 / Sq Ft
11/11/2021 11/11/21 For Sale $315,000 -- $359 / Sq Ft
Source: NorthstarMLS

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 $2,546 $260,500 $108,000 $152,500
2023 $2,546 $231,900 $79,300 $152,600
2022 $1,912 $197,900 $72,800 $125,100
2021 $1,974 $164,800 $59,800 $105,000
2020 $1,854 $164,800 $59,800 $105,000
2019 $1,950 $164,800 $59,800 $105,000
2018 $1,836 $174,900 $48,200 $126,700
2017 $1,694 $165,300 $46,200 $119,100
2016 $1,942 $151,900 $44,200 $107,700
2015 $1,969 $177,500 $50,800 $126,700
2014 $1,969 $177,500 $50,800 $126,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6440599

NorthstarMLS

APN: 465028000050