NOT LISTED FOR SALE

1876 Grant McMahan Blvd Ely, MN 55731

Ely Area

Estimated Value: $817,000 - $926,000

3 Beds
2 Baths
2,360 Sq Ft
$366/Sq Ft Est. Value

Sale Details

Date Sold: October 2, 2024

Last sale price $759,000 $322 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,412 / mo

172 Days on Market

Highlights

  • Private Waterfront
  • Deck
  • Loft
  • Memorial High School Rated 9+
  • Main Floor Primary Bedroom
  • No HOA

About This Home

As of October 2024

Welcome to 1876 Grant. This 3bed, 2bath log home is nestled on 2.7 acres (1.5 across bay) with 778ft of shoreline on Shagawa Lake. The home is a perfect blend of rustic & contemporary comfort, providing a destination for nature lovers just minutes from Ely. 1876 Grant is loaded with wood accents & quality craftsmanship including: hand built banisters & steps, Corian counters, hard wood floors, & a butcher block island. Additional features include a jacuzzi tub, main bedroom, upper bedroom balcony & outdoor sauna. The cabin was designed with the outdoors in mind. Wall to wall sliding glass doors take you to a wrap around deck & beautiful sloping steps down to 325ft of shoreline + 453ft across the bay = 778ft. The dock, sauna & outdoor fire pit ensure an abundance of memories made in Minnesota paradise. *This is a successful VRBO approved by the city & county with bookings into 2024 - check out the listing on VRBO for more info property ID 2448122*

Last Agent to Sell the Property

Scott Hoefler

Side by Side Realty, LLC Listed on: 03/12/2024

Co-Listed By

Drew Hoefler

Side by Side Realty, LLC License #MN 40619858

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,598

Year Built

  • Built in 1998

Lot Details

  • 2.7 Acre Lot
  • Lot Dimensions are 325x180x325x190
  • Private Waterfront
  • 325 Feet of Waterfront
  • Lake Front

Parking

  • 530 Car Detached Garage

Home Design

  • Log Cabin
  • Concrete Foundation
  • Log Siding

Interior Spaces

  • Multi-Level Property
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Den
  • Loft
  • Utility Room
  • Laundry Room

Bedrooms and Bathrooms

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

Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Wood
  • Baseboard Heating
  • Drilled Well
  • Mound Septic

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465002002956

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,598

Year Built

Built in 1998

Lot Details

2.7 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Hwy 169 take Grant McMahan Blvd/CR88 to 1876
  • L O1 Office Phone1 Number: 612-568-4435
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1380
  • Below Grade Finished Sq Ft: 980
  • Garage Type: Detached
  • Heat: Baseboard, Fireplace, Forced Air, Wood, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Room 10: Utility Room
  • Room 11: Laundry Room
  • Room 12: Deck
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Year Built: 1998
  • Level 1 Bedroom: Main
  • RoomLevel10: Basement
  • RoomLevel11: Basement
  • RoomLevel12: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Second Floor
  • RoomLevel6: Second Floor
  • RoomLevel7: Second Floor
  • RoomLevel8: Basement
  • RoomLevel9: Basement
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bathroom
  • Bedroom 5: Loft
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bathroom
  • Room 7: Den/Office
  • Room 8: Family Room
  • Room 9: Bedroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2360
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 325
  • Waterfront Name: Shagawa
  • Construction Status: Previously Owned
  • Exterior: Log

Garage/Parking

  • Garage Capacity: 530
  • ParkingFeaturesGarageDimensions: 22x24

Utilities

  • Power Company: City Of Ely
  • Sewer: Mound
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 325x180x325x190
  • Estimated Number of Acres: 2.7
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465002002956
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 3598

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
Mar 12, 2024
Closed on
Oct 1, 2024
Sold by
Bought by
Seller's Agent
Scott Hoefler
Side by Side Realty, LLC
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$779,000
Sold Price
$759,000
Premium/Discount to List
-$20,000
-2.57%
Views
122
Current Estimated Value
$864,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,244
Avg. Annual Appreciation
7.15%

Purchase Details

Listed on
Mar 14, 2014
Closed on
Jun 24, 2014
Sold by
Bought by
Seller's Agent
Janet Erchul
Bear Island Land Co., Inc
Buyer's Agent
Don Stocks
Wildwoods Land Company
List Price
$317,000
Sold Price
$295,000
Premium/Discount to List
-$22,000
-6.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.64%
Original Mortgage
$175,000
Interest Rate
4.11%
Mortgage Type
VA

Purchase Details

Closed on
Sep 7, 2010
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
$320,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

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
$759,000 K2 Title
$759,000 --
$295,000 Northeast Title Company
$400,000 Canoe Country 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
Previous Owner $175,000
Previous Owner $320,000
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 Prior Sale
10/02/2024 10/02/24 Sold $759,000 -2.6% $322 / Sq Ft
03/12/2024 03/12/24 For Sale $779,000 +164.1% $330 / Sq Ft
06/27/2014 06/27/14 Sold $295,000 -6.9% $213 / Sq Ft View Prior Sale
05/28/2014 05/28/14 Pending -- -- --
03/14/2014 03/14/14 For Sale $317,000 -- $229 / 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 $7,938 $657,700 $387,600 $270,100
2023 $7,670 $432,300 $220,000 $212,300
2022 $5,016 $374,800 $200,700 $174,100
2021 $3,434 $308,400 $162,200 $146,200
2020 $3,164 $308,400 $162,200 $146,200
2019 $3,046 $308,400 $162,200 $146,200
2018 $2,828 $305,700 $165,800 $139,900
2017 $2,554 $289,400 $157,900 $131,500
2016 $3,032 $269,100 $150,100 $119,000
2015 $3,141 $294,400 $170,000 $124,400
2014 $3,141 $314,300 $189,000 $125,300
Source: Public Records

Agents Affiliated with this Home

  • Scott Hoefler Real Estate Agent - Side by Side Realty, LLC

    Seller's Agent in 2024

    Scott Hoefler

    Side by Side Realty, LLC

    (773) 318-2989

    99 Total Sales

    Scott Hoefler
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    Drew Hoefler

    Side by Side Realty, LLC

    (773) 314-3164

    1 Total Sale

    Drew Hoefler
    Section Image

  • N

    Buyer's Agent in 2024

    Nonmember NONMEMBER

    Nonmember Office

  • J

    Seller's Agent in 2014

    Janet Erchul

    Bear Island Land Co., Inc

  • D

    Buyer's Agent in 2014

    Don Stocks

    Wildwoods Land Company

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6112633

APN: 465002002956

Minnesota St Louis County Ely 55731

1876 Grant McMahan Blvd, Ely, MN

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