$850,000
SOLD APR 4, 2025

1933 W Shagawa Rd Ely, MN 55731

3 Beds
2.5 Baths
3,400 Sq Ft
2.5 Acres

Recently Sold

$250 Per Sq Ft

13% Below List Price

50 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Spa
  • Memorial High School Rated 9+
  • Media Room
  • Car Lift

About This Home

As of April 2025

Nestled above the tranquil waters of Shagawa Lake's Shaefer Bay, this exquisite Fieldstone home offers a serene retreat with an inviting eastern exposure that floods the interior with morning sunlight. Spanning an impressive 3,368 square feet, this residence redefines luxurious lakeside living, seamlessly blending comfort with style. The spacious layout features three generously sized bedrooms, each designed to provide ample space and privacy, making it ideal for families or those looking to entertain guests. As you enter, you are greeted by a warm and welcoming atmosphere accentuated by large windows that offer breathtaking views of the surrounding nature. The open-concept living area is perfect for gathering, with a modern kitchen that boasts high-end appliances, elegant finishes, and a layout that encourages social interaction. Outside, the property reveals an enchanting landscape, where lush greenery meets the shimmering waters of the lake, presenting a perfect backdrop for outdoor activities or peaceful afternoons spent soaking in the beauty of nature. This home is not just a residence; it's a sanctuary that embodies the spirit of lakeside living. Whether you are toasting marshmallows by the fire pit, enjoying a peaceful morning coffee on the deck, or hosting family and friends for summer barbecues, the possibilities for creating lasting memories are endless. The home is handicapped accessible and has a professional elevator installed from the tuck under garage to the main floor. With its prime location and unparalleled charm, this Fieldstone home is a rare gem on the real estate market, promising a lifestyle defined by relaxation, adventure, and the soothing embrace of nature's beauty. Included is a detached 24 x 32 storage garage with 200 Amp power and a 10 x 109 storage shed.

Last Agent to Sell the Property

Jerry Fink

Canoe Capital Realty, LLC Listed on: 11/16/2024

Last Buyer's Agent

Jerry Fink

Canoe Capital Realty, LLC Listed on: 11/16/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,625

Year Built

  • Built in 1978

Lot Details

  • 2.5 Acre Lot
  • Lot Dimensions are 179 x 152.5 x 333.82 x 359.72
  • Private Waterfront
  • 284 Feet of Waterfront
  • Lake Front
  • Elevated Lot
  • Partially Fenced Property
  • Landscaped
  • Level Lot
  • Irregular Lot

Property Views

  • Bay
  • Lake
  • Panoramic
  • City Lights

Home Design

  • Ranch Style House
  • Slab Foundation
  • Poured Concrete
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Stone Exterior Construction

Interior Spaces

  • 3,400 Sq Ft Home
  • Central Vacuum
  • Wired For Data
  • Woodwork
  • Paneling
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Bay Window
  • Wood Frame Window
  • Mud Room
  • Entrance Foyer
  • Great Room
  • Living Room
  • Formal Dining Room
  • Media Room
  • Lower Floor Utility Room
  • Utility Room in Garage
  • Utility Room
  • Center Hall

Kitchen

  • Eat-In Kitchen
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Reverse Osmosis System

Flooring

  • Wood
  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Crawl Space

Parking

  • 4 Car Detached Garage
  • Multiple Garages
  • Car Lift
  • Heated Garage
  • Tuck Under Garage
  • Insulated Garage
  • Garage Drain
  • Garage Door Opener
  • Driveway

Accessible Home Design

  • Accessible Elevator Installed
  • Wheelchair Access
  • Chairlift
  • Doors are 36 inches wide or more

Eco-Friendly Details

  • Air Exchanger

Outdoor Features

  • Spa
  • Docks
  • Deck
  • Patio
  • Gazebo
  • Attached Grill
  • Rain Gutters

Utilities

  • Central Air
  • Electric Air Filter
  • Dual Heating Fuel
  • Boiler Heating System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Power Generator
  • Water Filtration System
  • Drilled Well
  • Electric Water Heater
  • Water Softener is Owned
  • Fuel Tank
  • Mound Septic
  • Private Sewer
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0051-00180, 00190

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,625

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From downtown Ely, follow North Central Avenue to West Shagawa Road (Semer's Park Road) west to 1933 West Shagawa Road. (1/3 mile past the US Forest Service Seaplane Base)
  • InternetOptions: DSL
  • L O1 Office Phone1 Number: 218-365-8689
  • PropAdjoinsPublicLand: No
  • Remodeled Addition: Yes
  • Road Maintenance: Public
  • Property Sub-Type: SF/Attached
  • Tax Year: 2024
  • View Type:Pond View: Inland Lake, Bay, Panoramic, City Lights
  • Lot Description Waterfront: Yes
  • Ada Features: Fully Wheelchair, Doors 36”+, Elevator, Stair Chair Lift
  • Air Conditioner: Central
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Ethernet Wired, Garage Door Opener, Hardwood Floors, Hot Tub, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Center Hall, Drywalls, Foyer Entry, Panelled Walls, Patio Door, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Dock, Fenced Yard - Partial, Hot Tub, Patio, Permanent Outdoor Grill, Gutter/Downspout
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 3400
  • Garage Type: Detached, Tuckunder, Multiple
  • Heat: Boiler, Dual Fuel/Off Peak, Fireplace, In Floor, Propane, Oil
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Room 10: Primary Bedroom
  • Room 11: Bathroom
  • Room 12: Kitchen
  • Bedroom 3: Great Room
  • TotalBedrooms: 3
  • Year Built: 1978
  • Level 1 Bedroom: Main
  • RoomLevel10: Main
  • RoomLevel11: Main
  • RoomLevel12: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Appliances: Cooktop, Dishwasher, Dryer, Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Unfinished, Walkout, Utility Room
  • Basement Material: Poured Concrete
  • Basement Style: Crawl Space, Full, Partial, Slab
  • Bathroom Description: 3/4 Master, 1/4 Main Floor
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen, Formal Dining Room
  • Extra Rooms: Mud Room, Pantry, Utility Room, Media Room, Foyer, Great Room, Entry
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Foyer
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Other
  • Bedroom 5: Living Room
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Bathroom
  • Room 8: Bedroom
  • Room 9: Media Room
  • Total Bathrooms: 3
  • Total Fin Square Footage: 3400
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Gazebo, Hot Tub, Screenhouse, Other Buildings
  • Road Frontage: City
  • Waterfront Access: Private
  • Water Frontage In Feet: 284
  • Waterfront Name: Shagawa
  • Construction Status: Previously Owned
  • Exterior: Stone
  • Window Features:Insulated Windows: Bay Window, Vinyl Frame, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Asphalt
  • Garage Features: Drains, Electrical Service, Heat, Insulation, Lift, Plumbing, Utility Room
  • Garage Capacity: 4
  • ParkingFeaturesGarageDimensions: 34 x 34

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 179 x 152.5 x 333.82 x 359.72
  • Estimated Number of Acres: 2.5
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Irregular Lot, Landscaped, High, Level
  • Parcel Number: 465-0051-00180, 00190
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 6625

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2024
Closed on
Apr 22, 2025
Sold by
Mealey James Charles and Murphy Theresa Marie
Bought by
Mealey And Murphy Trust and Mealey
Seller's Agent
Jerry Fink
Canoe Capital Realty, LLC
Buyer's Agent
Jerry Fink
Canoe Capital Realty, LLC
List Price
$974,500
Sold Price
$850,000
Premium/Discount to List
-$124,500
-12.78%
Views
31
Current Estimated Value
$140,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$710,000
Avg. Annual Appreciation
-90.68%
Original Mortgage
$550,000
Outstanding Balance
$547,921
Interest Rate
7.47%
Mortgage Type
New Conventional
Estimated Equity
-$407,921

Purchase Details

Listed on
Nov 16, 2024
Closed on
Apr 4, 2025
Sold by
Berglund Barbara
Bought by
Mealey James Charles and Murphy Theresa Marie
Seller's Agent
Jerry Fink
Canoe Capital Realty, LLC
Buyer's Agent
Jerry Fink
Canoe Capital Realty, LLC
List Price
$974,500
Sold Price
$850,000
Premium/Discount to List
-$124,500
-12.78%
Views
31

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Outstanding Balance
$547,921
Interest Rate
7.47%
Mortgage Type
New Conventional
Estimated Equity
-$407,921

Purchase Details

Closed on
Nov 28, 2014
Sold by
Berglund Barbara and Wahlberg Emily E
Bought by
Berglund Barbara and Wahlberg Emily E

Purchase Details

Closed on
Nov 21, 2014
Sold by
Berglund Barbara
Bought by
Berglund Barbara

Purchase Details

Closed on
Aug 5, 2008
Sold by
Leustek Albert P and Leustek Joan D
Bought by
Leustek Albert P and Albert P Leustek Revocable Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $500 None Listed On Document
Personal Reps Deed $850,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer $210,000 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $550,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/04/2025 04/04/25 Sold $850,000 -12.8% $250 / Sq Ft
01/05/2025 01/05/25 Pending -- -- --
11/16/2024 11/16/24 For Sale $974,500 -- $287 / 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 $1,340 $114,100 $96,800 $17,300
2023 $1,340 $122,100 $104,400 $17,700
2022 $1,206 $109,400 $94,900 $14,500
2021 $1,284 $88,100 $75,900 $12,200
2020 $1,196 $88,100 $75,900 $12,200
2019 $818 $88,100 $75,900 $12,200
2018 $772 $74,300 $74,300 $0
2017 $738 $70,600 $70,600 $0
2016 $876 $66,900 $66,900 $0
2015 $888 $79,000 $79,000 $0
2014 $859 $79,000 $79,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6117025

APN: 465005100180