NOT LISTED FOR SALE

1963 Sotlich Rd Ely, MN 55731

Estimated Value: $465,000 - $533,000

3 Beds
3 Baths
2,051 Sq Ft
$237/Sq Ft Est. Value

Last Sold September 01, 2021

Last sale price $385,000 $188 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $2,810/month

52 Days on Market

Highlights

  • Spa
  • Sauna
  • Deck
  • Memorial High School Rated 9+
  • Panoramic View
  • Pond

About This Home

As of September 2021

Beautifully updated 3 BR, 3 BA home situated on 10 +/- acres just minutes away from the center of town. A spacious open floor plan consisting of the combined dining and living room overlooking a well manicured private and aerated pond. The living area features a newly installed wood burning fire stove to enjoy during those chilly, chilly winter nights. The master bedroom features a newly constructed electric stone fire place. Both bedrooms upstairs have been lovingly finished and decorated for family or guests. The upstairs loft is perfect for your private reading or T.V. room. The downstairs living/rec room boasts another newly constructed electric stone fireplace with a beautiful reclaimed barn beam mantle and a 3/4 bath with a newly installed shower along with an electric sauna. This country home has also had a new propane forced air furnace installed. 2 car detached garage. The hot tub on the deck stays for your pleasure.

Last Agent to Sell the Property

Kate Davies

Bear Island Realty LLC Listed on: 06/08/2021

Last Buyer's Agent

Jarett Mickelson

Legacy Real Estate Group LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,299

Year Built

  • Built in 1983

Lot Details

  • 10 Acre Lot
  • Lot Dimensions are 850' x 500
  • Property fronts a highway
  • Landscaped
  • Many Trees

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Slab Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Metal Roof
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Wood Frame Window
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Office or Studio
  • Loft
  • Lower Floor Utility Room
  • Washer and Dryer Hookup
  • Sauna
  • Panoramic Views

Kitchen

  • Breakfast Bar
  • Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

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

Finished Basement

  • Partial Basement
  • Fireplace in Basement
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Spa
  • Pond
  • Deck
  • Storage Shed
  • Rain Gutters

Farming

  • Loafing Shed

Utilities

  • Furnace Humidifier
  • Forced Air Heating System
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Private Water Source
  • Drilled Well
  • Tankless Water Heater
  • Fuel Tank
  • Private Sewer
  • Fiber Optics Available

Community Details

  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 465-0010-01092

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,299

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: South on highway 21, right onto Sotlich,vere to the right into the driveway up to the house.
  • InternetOptions: Fiber Optic
  • L O1 Office Phone1 Number: 218-365-2800
  • PropAdjoinsPublicLand: Yes
  • Remodeled Addition: Yes
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Reso Association Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Natural Woodwork, Sauna, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Drywalls, Foyer Entry, Patio Door, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Hot Tub, Gutter/Downspout
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1627
  • Below Grade Finished Sq Ft: 424
  • Garage Type: Detached
  • Heat: Fireplace, Forced Air, Wood, Propane, Electric
  • Fireplaces: 3
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles, Metal
  • Room 10: Spa/Sauna
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 3
  • Year Built: 1983
  • Level 1 Bedroom: Main
  • RoomLevel10: Basement
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Second Floor
  • RoomLevel7: Second Floor
  • RoomLevel8: Lower
  • RoomLevel9: Lower
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Appliances: Cooktop, Dishwasher, Range/Stove, Refrigerator
  • Basement Features: Finished, Partially Finished, Bath, Den/Office, Family/Rec Room, Fireplace, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Partial, Slab
  • Bathroom Description: 3/4 Master
  • Formal Dining: Breakfast Bar, Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Bathroom
  • Bedroom 5: Loft
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Family Room
  • Room 9: Den/Office
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2051
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed, Loafing Shed, Studio
  • Road Frontage: Highway, Township
  • Construction Status: Previously Owned
  • Exterior: Stone, Wood
  • Window Features:Insulated Windows: Vinyl Frame, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Electrical Service
  • Garage Capacity: 2

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 850' x 500
  • Estimated Number of Acres: 10
  • Cultivated Acreage: LSAR
  • Lot Description: Landscaped, Tree Coverage - Heavy, Pond
  • Parcel Number: 465-0010-01092

Rental Info

  • Lease Terms: Cash, Conventional, FHA, USDA, VA DVA

Tax Info

  • Tax Amount: 2299

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2021
Closed on
Aug 31, 2021
Sold by
Aime Victor L and Mckenzie Nancy
Bought by
Lunn Austin and Lunn Rebekah
Seller's Agent
Kate Davies
Bear Island Realty LLC
Buyer's Agent
Jarett Mickelson
Legacy Real Estate Group LLC
List Price
$385,000
Sold Price
$385,000
Current Estimated Value
$485,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,626
Avg. Annual Appreciation
5.52%

Purchase Details

Closed on
Apr 10, 2020
Sold by
Mckenzie Nancy
Bought by
Mckenzie Nancy and Aime Victor L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2019
Closed on
Oct 4, 2019
Sold by
Hawley William K and Hawley Billie Jo Ann
Bought by
Mckenzie Nancy
Seller's Agent
Andrea Zupancich
z' Up North Realty
Buyer's Agent
Andrea Zupancich
z' Up North Realty
Sold Price
$265,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.19%
Original Mortgage
$212,000
Interest Rate
3.5%

Purchase Details

Closed on
Dec 30, 2005
Sold by
Hunter Roger A and Hunter Samantha J
Bought by
Hawley William J and Hawley Billie Jo Ann
Source: Public Records

Range of Values:

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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
Lunn Austin $385,000 Northeast Title Company
Mckenzie Nancy -- Northeast Title Company
Mckenzie Nancy $265,000 Northeast Title Company
Hawley William J $220,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mckenzie Nancy $212,000
Previous Owner Mckenzie Nancy $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/01/2021 09/01/21 Sold $385,000 0.0% $188 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $385,000 +45.3% $188 / Sq Ft
10/04/2019 10/04/19 Sold $265,000 -- $105 / Sq Ft View Prior Sale
09/03/2019 09/03/19 Pending -- -- --
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 $3,196 $393,600 $67,100 $326,500
2023 $3,196 $384,100 $61,100 $323,000
2022 $2,340 $338,100 $55,600 $282,500
2021 $2,384 $238,900 $47,300 $191,600
2020 $2,188 $227,900 $47,300 $180,600
2019 $2,410 $227,900 $47,300 $180,600
2018 $2,392 $213,500 $52,500 $161,000
2017 $2,222 $213,600 $52,600 $161,000
2016 $1,714 $196,200 $50,700 $145,500
2015 $1,588 $176,600 $45,600 $131,000
2014 $1,588 $164,200 $45,100 $119,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6097503

APN: 465001001092