Seller's Agent in 2025
Scott Hoefler
Side by Side Realty, LLC
(773) 318-2989
90 Total Sales
Estimated Value: $554,024 - $615,000
3
Beds
1
Bath
912
Sq Ft
$642/Sq Ft
Est. Value
Highlights
- Private Waterfront
- Spa
- Deck
- Memorial High School Rated 9+
- Sauna
- Bonus Room
About This Home
As of August 2025Welcome to 1984 Grant McMahan Ely, MN. This is a 3 bedroom, 1 bath cabin located on highly desirable Shagawa Lake. Stepping onto this property feels like arriving at your own Boundary Waters campsite. The cabin sits on 5 private acres, with 700 ft of shoreline giving this Ely gem the perfect blend of nature and lake home living. As you stroll through the land, it is easy to notice how unique the property is. The lot is relatively open and flat with a slight slope to the water's edge. As you move East along the shore you will be able to hike a man made trail that takes you through the property’s woods and elevations where you can rest at a vista point to look out over Shagawa. Inside the cabin, you’ll find an updated 3 bed, 1 bath home with charm and craftsmanship throughout. The custom kitchen cabinets, warm finishes, and approachable layout make it both cozy and functional. The crown jewel is the oversized deck. It is ideal for outdoor dining, relaxing in the sun, or soaking in the sounds of the surrounding wilderness. Two bonus structures on the land need a little TLC but add value to this property. One is a guest house perfect for an extra bunk room or home office, and a sauna just inches from the shoreline. Finally, an oversized 2 stall garage provides ample room for all your outdoor gear, boats, and toys. Whether you're looking for a peaceful retreat or a basecamp for adventures, this cabin is a beauty that has it all. Don’t miss this opportunity to own a legacy property just minutes from downtown Ely.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,954
Year Built
- Built in 1963
Lot Details
- 5 Acre Lot
- Private Waterfront
- 700 Feet of Waterfront
- Lake Front
- Landscaped with Trees
Home Design
- Cabin
- Concrete Foundation
- Metal Roof
- Concrete Block And Stucco Construction
- Cement Board or Planked
Interior Spaces
- 912 Sq Ft Home
- 1-Story Property
- Woodwork
- Living Room
- Dining Room
- Bonus Room
- Sauna
- Range
- Crawl Space
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Gravel Driveway
Outdoor Features
- Spa
- Deck
Utilities
- Central Air
- Boiler Heating System
- Drilled Well
- Sewer Holding Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 465002002760
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 2, 2025
Closed on
Aug 29, 2025
Sold by
Berglund Kari L and Hatfield Cheryl R
Bought by
Campbell Carmen Lea and Campbell Brett H
Seller's Agent
Scott Hoefler
Side by Side Realty, LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$589,000
Sold Price
$614,000
Premium/Discount to List
$25,000
4.24%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,244
Avg. Annual Appreciation
-10.85%
Original Mortgage
$460,500
Outstanding Balance
$459,560
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$126,196
Purchase Details
Listed on
Aug 14, 2015
Closed on
Sep 8, 2015
Sold by
Ajjala Richard Noel and Ajjala Sheryle
Bought by
Berglund Kari L and Hatfield Cheryl L
Seller's Agent
Mark Larson
Wildwoods Land Company
Buyer's Agent
Wendy Johnson
Keller Williams Classic Realty Northwest
Sold Price
$237,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%
Original Mortgage
$190,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Campbell Carmen Lea | $614,000 | Northeast Title | |
| Berglund Kari L | $237,500 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Campbell Carmen Lea | $460,500 | |
| Previous Owner | Berglund Kari L | $190,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/29/2025 08/29/25 | Sold | $614,000 | +4.2% | $673 / Sq Ft | |
| 07/09/2025 07/09/25 | Pending | -- | -- | -- | |
| 07/02/2025 07/02/25 | For Sale | $589,000 | +148.0% | $646 / Sq Ft | |
| 09/04/2015 09/04/15 | Sold | $237,500 | -- | $260 / Sq Ft | View Prior Sale |
| 08/14/2015 08/14/15 | Pending | -- | -- | -- |
Source: Lake Superior Area REALTORS®
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 | $4,152 | $430,400 | $290,500 | $139,900 |
| 2023 | $4,152 | $414,200 | $266,700 | $147,500 |
| 2022 | $3,954 | $363,900 | $243,000 | $120,900 |
| 2021 | $3,682 | $297,000 | $195,500 | $101,500 |
| 2020 | $3,416 | $297,000 | $195,500 | $101,500 |
| 2019 | $3,466 | $297,000 | $195,500 | $101,500 |
| 2018 | $3,260 | $309,400 | $196,700 | $112,700 |
| 2017 | $3,074 | $293,100 | $187,100 | $106,000 |
| 2016 | $3,540 | $273,500 | $177,600 | $95,900 |
| 2015 | $3,586 | $321,400 | $208,700 | $112,700 |
| 2014 | $3,555 | $321,400 | $208,700 | $112,700 |
Source: Public Records
Agents Affiliated with this Home
-
Scott Hoefler
-
Jeff Hway
Buyer's Agent in 2025
Jeff Hway
Bear Island Realty LLC
(218) 349-0906
161 Total Sales
-
M
Seller's Agent in 2015
Mark Larson
Wildwoods Land Company
-
Wendy Johnson
Buyer's Agent in 2015
Wendy Johnson
Keller Williams Classic Realty Northwest
(218) 349-7731
55 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6120520
APN: 465002002760
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