NOT LISTED FOR SALE

1971 W Shagawa Rd Ely, MN 55731

Estimated Value: $234,000 - $931,292

3 Beds
3 Baths
2,725 Sq Ft
$260/Sq Ft Est. Value

Last Sold October 05, 2021

Last sale price $750,000 $275 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $4,324/month

Highlights

  • Deck
  • Covered Patio or Porch
  • Water Softener
  • Memorial High School Rated 9+
  • 3 Car Attached Garage
  • Baseboard Heating

About This Home

As of October 2021

Shagawa Lake Timber Frame Home -This gorgeous timber frame home with log accents is situated on a landscaped yard with perennial flowers, huge pines and 125 ft. of shoreline. The home is well designed with a 9 X 14 entry with ceramic tile floor, in-floor heat and a large walk-in closet, an attached 3 car garage with in-floor heat, office & bath. The foundation is built with energy effiicient i.c.e block. From the moment you walk into this lovely home you will be impressed with the way the floor plan flows throughout. There is an office as you walk into the main level of the home, a large bedroom, full bath, the living room with a floor to ceiling wood burning fireplace with hand-picked native rocks, dining area and a beautifully designed kitchen with an extraordinary amount of wood cabinetry. The front of the home is all windows providing a perfect view of the lake and front yard. Birch wood flooring throughout the living area. Glass doors leading to the attached 12 X 30 deck.

Last Agent to Sell the Property

Jan Erchul

Ely Realty License #593436 Listed on: 06/09/2021

Co-Listed By

Julian Rasmusson

z' Up North Realty License #40637100

Last Buyer's Agent

Member Non

NON-MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,934

Year Built

  • Built in 2007

Lot Details

  • 0.8 Acre Lot
  • Irregular Lot

Home Design

  • Metal Roof

Interior Spaces

  • 2,725 Sq Ft Home
  • Multi-Level Property
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Gas Dryer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Basement

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

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Water Softener
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 465-0051-00140

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,934

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Post And Beam, Log
  • Guttering: Yes
  • Heat: Dual Fuel/Off Peak, Baseboard
  • Irregular Lot Size: Yes
  • Lower Level Bathrooms: 1
  • Lower Level Bedrooms: 1
  • Lvt Date: 06/09/2021
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 3
  • Parcel Code Number: 465-0051-00140
  • Patioporch: Deck, Patio, Covered
  • Percent Of Bsmnt Finished: 90
  • Real Estate Tax: 4934.00
  • Style: Multi-Level
  • Total Above Grade Sq Ft: 1645
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 2725
  • Bedroom 1: Size: 15 X 13, On Level: Upper
  • Total Bathrooms: 3
  • Appliances: Dishwasher, Electric Range, Garage Opener, Hood, Microwave, Refrigerator, Water Softener, Gas Dryer
  • Basement: Full, Walkout
  • Bedroom 2: Size: 13.5 X 12, On Level: Main
  • Bedroom 3: Size: 10 X 14, On Level: Lower
  • Dining Room: Size: 13 X 12, On Level: Main
  • Fireplace: 1 Fireplace, Gas Log, Wood Burning
  • Kitchen: Size: 13 X 12, On Level: Main
  • Living Room: Size: 21 X 17, On Level: Main
  • Lower Level Sq Ft: 1200
  • Main Level Bedrooms: 1
  • Main Level Sq Ft: 1395
  • Other Room 2: Utility, Size: 7.5 X 13.5, On Level: Lower
  • Other Room 3: Entry, Size: 14.5 X 9.5, On Level: Main
  • Rec Room: Size: 14 X 21.5, On Level: Lower
  • Upper Level Sq Ft: 250

Exterior Features

  • Exterior: Wood
  • Roof: Metal

Garage/Parking

  • Garage: 3+ Stalls, Attached
  • Garage Capacity: 3
  • Garage Size: 30 X 28

Utilities

  • Cooling: Ductless Air
  • Utilities: Septic, Well
  • Water Heater: Electric

Schools

  • School District: Ely

Lot Info

  • Lot Size: Dimensions: 253x132
  • Number Of Acres: 0.8
  • Zoning: Res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2022
Sold by
Bettcher James E
Bought by
Kampe Chad M and Felt Matthew C
Current Estimated Value
$707,323

Purchase Details

Listed on
Jun 9, 2021
Closed on
Oct 1, 2021
Sold by
Rauch William A and Rauch Doreen F
Bought by
Kampe Chad M and Felt Matthew C
Seller's Agent
Jan Erchul
Ely Realty
Buyer's Agent
Member Non
NON-MEMBER
List Price
$795,000
Sold Price
$750,000
Premium/Discount to List
-$45,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.44%
Original Mortgage
$548,250
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 9, 2021
Closed on
Sep 27, 2021
Sold by
Rauch William A and Rauch Doreen F
Bought by
Rauch William A and Rauch Doreen F
Seller's Agent
Jan Erchul
Ely Realty
Buyer's Agent
Member Non
NON-MEMBER
List Price
$795,000
Sold Price
$750,000
Premium/Discount to List
-$45,000
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,250
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2011
Sold by
Rauch Doreen F
Bought by
Rauch William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$847,500
Interest Rate
2.19%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kampe Chad M $3,000 Defenbaugh Law Office
Kampe Chad M $750,000 Northeast Title Company
Bettcher Rose -- None Available
Rauch William A -- None Available
Rauch William A -- None Available
Rauch William A -- Placer Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kampe Chad M $548,250
Previous Owner Rauch William A $847,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/05/2021 10/05/21 Sold $750,000 -3.2% $275 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/17/2021 08/17/21 Price Changed $775,000 -2.5% $284 / Sq Ft
06/09/2021 06/09/21 For Sale $795,000 -- $292 / Sq Ft
Source: Range Association of 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
2023 $6,838 $601,200 $134,000 $467,200
2022 $4,586 $508,700 $122,600 $386,100
2021 $4,934 $423,900 $99,700 $324,200
2020 $4,562 $424,400 $100,200 $324,200
2019 $4,074 $424,400 $100,200 $324,200
2018 $3,778 $392,500 $98,200 $294,300
2017 $3,446 $370,300 $93,700 $276,600
2016 $4,068 $339,300 $89,100 $250,200
2015 $4,089 $396,700 $103,400 $293,300
2014 $4,089 $397,000 $103,400 $293,600
Source: Public Records

Agents Affiliated with this Home

  • Jan Erchul

    Seller's Agent in 2021

    Jan Erchul

    Ely Realty

    (218) 349-0515

    54 Total Sales

    Jan Erchul
    Section Image
  • Julian Rasmusson

    Seller Co-Listing Agent in 2021

    Julian Rasmusson

    z' Up North Realty

    (651) 270-8911

    100 Total Sales

    Julian Rasmusson
    Section Image

  • M

    Buyer's Agent in 2021

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 141592

Range Association of REALTORS®

APN: 465005100140

Minnesota St Louis County Ely 55731

1971 W Shagawa Rd, Ely, MN

This home is located at 1971 W Shagawa Rd, Ely, MN 55731 since 09 June 2021 and is currently estimated at $707,323, approximately $259 per square foot. This property was built in 2007. 1971 W Shagawa Rd is a home located in St. Louis County with nearby schools including Washington Elementary School and Memorial High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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