NOT LISTED FOR SALE

201 Sunset Rd Ely, MN 55731

Estimated Value: $739,000 - $880,000

3 Beds
1 Bath
1,490 Sq Ft
$545/Sq Ft Est. Value

Last Sold November 08, 2024

Last sale price $740,000 $497 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,598/month

120 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Lake View
  • Docks
  • Sauna
  • Deck

About This Home

As of November 2024

Meticulously maintained west facing handscribed log home on the shores of White Iron Lake just minutes to Ely. Experience the beauty of the northwoods in this immaculate 3-bedroom home situated on a private pine studded lot just 8 miles from downtown Ely. The home features wood flooring, open floor plan, ideal main floor primary bedroom, and unique built-ins. The updated kitchen features stainless appliances, gas range/oven, solid surface counters and a center island. The centerpiece of the living room is the stunning fieldstone fireplace which features a gas insert. Magnificent cathedral ceilings and large patio doors leading to the lakeside deck finish off the living area which provide gorgeous lake views. Main floor lakeside primary bedroom with dual entry to the bath. Upstairs you will find 2 additional bedrooms of generous size. This home has been meticulously cared for with many updates including new steel roofs on the buildings, high efficiency furnace and central AC. The full basement houses the mechanicals and provides loads of storage room. The oversized 3-car garage provides plenty of room to store all the lake toys and features a workshop area as well. The charming wood-fired sauna features wonderful lake views and has a spacious changing room. The natural landscaping, gorgeous perennials, and blacktop drive ensure low maintenance year-round. Enjoy picking blueberries on your stroll to the shore which features idyllic panoramic views and classic rocky shoreline.

Last Agent to Sell the Property

Anna Yahnke

Bear Island Realty LLC Listed on: 05/30/2024

Co-Listed By

Kate Davies

Bear Island Realty LLC

Last Buyer's Agent

Kate Davies

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,055

Year Built

  • Built in 1970

Lot Details

  • 1.5 Acre Lot
  • Lot Dimensions are 300 x 200
  • Private Waterfront
  • 220 Feet of Waterfront
  • Lake Front
  • Elevated Lot
  • Unpaved Streets
  • Landscaped with Trees

Home Design

  • Log Cabin
  • Concrete Foundation
  • Metal Roof
  • Log Siding

Interior Spaces

  • 1,490 Sq Ft Home
  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Gas Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Sauna
  • Wood Flooring
  • Lake Views

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Driveway

Outdoor Features

  • Beach Access
  • Docks
  • Lake, Pond or Stream
  • Deck

Utilities

  • Central Air
  • Heating System Uses Propane
  • Drilled Well
  • Electric Water Heater
  • Mound Septic
  • Satellite Dish

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 28-06273-07030

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,055

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, follow Hwy 169 E to Kawishiwi Trail, take a right. Follow Kawishiwi Trail to Sunset Road, take a right and follow to address on the right.
  • InternetOptions: Satellite
  • Waterfront Info Lake Chain: Yes
  • L O1 Office Phone1 Number: 218-365-2800
  • PropAdjoinsPublicLand: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Rocky, Shore-Accessible
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Twp Number: 62N
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: Central
  • Reso Association Amenities: Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Natural Woodwork, Vaulted Ceilings
  • Amenities Exterior: Deck, Dock
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1490
  • Garage Type: Detached
  • Heat: Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • New Development: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Primary Bedroom
  • TotalBedrooms: 3
  • Year Built: 1970
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Microwave, Refrigerator, Range/Stove, Washer
  • Basement Features: Unfinished, Walkout, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Main Floor, Walk Thru
  • Formal Dining: Breakfast Nook, Combine with Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1490
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Sauna
  • Road Frontage: Unpaved, Township
  • Waterfront Access: Private
  • Water Frontage In Feet: 220
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Log

Garage/Parking

  • Parking Driveway: Driveway - Asphalt
  • Garage Features: Electrical Service, Slab
  • Garage Capacity: 3

Utilities

  • Power Company: Minnesota Power
  • Sewer: Mound
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 300 x 200
  • Estimated Number of Acres: 1.5
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, High
  • Parcel Number: 28-06273-07030
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4055

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Nov 8, 2024
Sold by
Kobe Deborah
Bought by
Lotton Aaron and Lotton Carey
Seller's Agent
Anna Yahnke
Bear Island Realty LLC
Buyer's Agent
Kate Davies
Bear Island Realty LLC
List Price
$779,000
Sold Price
$740,000
Premium/Discount to List
-$39,000
-5.01%
Views
101
Current Estimated Value
$811,330

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,330
Avg. Annual Appreciation
8.33%

Purchase Details

Closed on
May 6, 2020
Sold by
Kobe Joseph R and Kobe Deborah J
Bought by
Kobe Deborah J
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
Lotton Aaron $740,000 --
Kobe Deborah J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2024 11/08/24 Sold $740,000 -5.0% $497 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $779,000 -- $523 / 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
2025 $4,158 $715,900 $229,200 $486,700
2024 $2,597 $670,400 $227,600 $442,800
2023 $2,330 $647,700 $200,100 $447,600
2022 $3,396 $548,900 $200,100 $348,800
2021 $3,186 $425,100 $191,600 $233,500
2020 $3,729 $395,000 $191,600 $203,400
2019 $3,714 $451,800 $207,000 $244,800
2018 $3,843 $451,800 $207,000 $244,800
2017 $3,292 $462,200 $217,200 $245,000
2016 $3,233 $413,800 $207,000 $206,800
2015 $3,324 $416,300 $207,000 $209,300
2014 $3,324 $0 $0 $0
2013 $2,978 $0 $0 $0
2012 $2,889 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6113993

APN: 28-6273-07030