NOT LISTED FOR SALE

1877 Echo Trail Ely, MN 55731

Estimated Value: $562,000 - $689,000

2 Beds
2 Baths
1,776 Sq Ft
$346/Sq Ft Est. Value

Last Sold September 28, 2021

Last sale price $460,000 $259 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,587/month

3 Days on Market

Highlights

  • Panoramic View
  • Heated Floors
  • Vaulted Ceiling
  • Memorial High School Rated 9+
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of September 2021

This meticulous maintained Voyageur Log home boost gorgeous vista views of Burntside Lake. The property sits on almost 6 acres of forested woods, ledge rock and natural landscaped with accents of flower beds, rock patio and the best sunrise and sunsets. This log home features main floor primary bedroom, full bath, open concept living with views from every window. Gorgeous rock fireplace, patio doors extend onto an open deck over looking Burntside Lake and leads to a slate rock patio for entertaining and enjoying your campfire. Open loft with office nook and 2nd bedroom with full bath. 2 stall garage has plenty of storage and a finished upstairs for office away from home, a getaway to catch up on projects or a flex space for whatever you need.

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 08/18/2021

Keller Williams Classic Realty NW - Ely

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,795

Year Built

  • Built in 2005

Lot Details

  • 5.82 Acre Lot
  • Lot Dimensions are 579x434
  • Property fronts a county road
  • Elevated Lot
  • Landscaped
  • Many Trees

Home Design

  • Log Cabin
  • Slab Foundation
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 1,776 Sq Ft Home
  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Combination Dining and Living Room
  • Den
  • Loft
  • Panoramic Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Dishwasher
  • Kitchen Island

Flooring

  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

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

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters

Utilities

  • Dual Heating Fuel
  • Boiler Heating System
  • Water Filtration System
  • Drilled Well
  • Electric Water Heater
  • Mound Septic

Listing and Financial Details

  • Assessor Parcel Number 465-0020-01025

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,795

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, take Hwy 169 East 88. Take left on 88, right on Echo Trail and follow to address on the right.
  • L O1 Office Phone1 Number: 763-463-7500
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Twp Number: 63
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Kitchen Center Island, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Foyer Entry, Patio Door, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Patio, Gutter/Downspout
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1776
  • Garage Type: Detached
  • Heat: Boiler, Dual Fuel/Off Peak, In Floor, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 2005
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • RoomLevel8: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Range/Stove, Refrigerator, Washer
  • Basement Material: N/A
  • Basement Style: Slab
  • Bathroom Description: Full Main Floor, Full Upper
  • Formal Dining: Combine with Living Room
  • Extra Rooms: Den/Office, Mud Room, Great Room, Loft
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • 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: 1.25 - 1.75 Story
  • Room 6: Loft
  • Room 7: Den/Office
  • Room 8: Laundry Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1776
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County
  • Construction Status: Previously Owned
  • Exterior: Log

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Features: Electrical Service, Slab
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 24x28

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 579x434
  • Estimated Number of Acres: 5.82
  • Cultivated Acreage: LSAR
  • Geo Match Code: 3
  • Geo Subdivision: MN
  • Lot Description: Landscaped, Tree Coverage - Heavy, High
  • Parcel Number: 465-0020-01025

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2795

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Sep 20, 2021
Sold by
Dowd Linda and Dowd Jesse A
Bought by
Virr John E and John E And Donna M Virr Trust
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
List Price
$460,000
Sold Price
$460,000
Current Estimated Value
$614,413

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,413
Avg. Annual Appreciation
7.06%

Purchase Details

Listed on
May 6, 2016
Closed on
Aug 15, 2016
Sold by
Rezny Karen Sue
Bought by
Dowd Linda
Seller's Agent
Bruce Chernak
Bear Island Realty LLC
Buyer's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
List Price
$349,900
Sold Price
$349,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.49%

Purchase Details

Closed on
Jun 20, 2012
Sold by
Rezny Karen Sue and Rezny Ronald R
Bought by
Rezny Karen Sue and The Karen Sue Rezny Trust

Purchase Details

Closed on
Feb 22, 2012
Sold by
Rezny Karen Sue and The Karen Sue Rezny Trust
Bought by
Rezny Karen Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,100
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2009
Sold by
Rezny Ronald R and Rezny Karen S
Bought by
Rezny Karen Sue and Karen Sue Rezny Trust

Purchase Details

Closed on
Jul 25, 2007
Sold by
Rider Russell Thomas
Bought by
Rezny Ronald R and Rezny Karen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$298,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 16, 2006
Sold by
Rider Russell Thomas
Bought by
Kline Thomas Russell and Lang Lindsey Bishop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 10, 2006
Sold by
Rider Russell Thomas
Bought by
Dahlin Brian B and Dahlin Katherine J

Purchase Details

Closed on
Nov 28, 2005
Sold by
Rider Russell Thomas
Bought by
Dunning Barton B and Dunning Connie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.42%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 29, 2005
Sold by
Sipola Geraldine
Bought by
Rider Russell Thomas

Purchase Details

Closed on
Jun 7, 2001
Sold by
Sipola Albert and Sipola Geraldine
Bought by
Sipola Albert and Sipola Geraldine
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
Virr John E $460,000 Northeast Title Company
Dowd Linda $349,900 Northeast Title Company
Rezny Karen Sue -- None Available
Rezny Karen Sue -- None Available
Rezny Karen Sue -- None Available
Rezny Ronald R $373,000 Northeast Title Company
Kline Thomas Russell $320,000 Northeast Title Company
Dahlin Brian B -- Northeast Title Company
Dunning Barton B $240,000 Northeast Title Company
Rider Russell Thomas $80,000 --
Sipola Albert -- --
Virr-Niemackl Linda Linda $460,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rezny Karen Sue $283,100
Previous Owner Rezny Ronald R $298,000
Previous Owner Kline Thomas Russell $256,000
Previous Owner Dunning Barton B $190,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2021 09/28/21 Sold $460,000 0.0% $259 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $460,000 +31.5% $259 / Sq Ft
08/15/2016 08/15/16 Sold $349,900 0.0% $197 / Sq Ft View Prior Sale
06/29/2016 06/29/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $349,900 -- $197 / 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 $4,292 $445,100 $81,400 $363,700
2023 $4,292 $448,200 $73,900 $374,300
2022 $2,830 $392,600 $67,100 $325,500
2021 $2,880 $279,200 $47,900 $231,300
2020 $2,650 $265,900 $47,900 $218,000
2019 $1,976 $265,900 $47,900 $218,000
2018 $1,958 $215,500 $40,900 $174,600
2017 $1,486 $215,400 $40,800 $174,600
2016 $1,902 $174,000 $39,500 $134,500
2015 $1,929 $174,000 $39,500 $134,500
2014 $1,929 $174,000 $39,500 $134,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6099146

APN: 465002001025