NOT LISTED FOR SALE

2016 Chippewa Shores Ely, MN 55731

Estimated Value: $111,000 - $638,000

3 Beds
3 Baths
2,648 Sq Ft
$156/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $480,000 $181 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $2,178/month

168 Days on Market

Highlights

  • Deck
  • 4 Car Detached Garage
  • Gas Log Fireplace
  • Memorial High School Rated 9+
  • Heating System Uses Oil

About This Home

As of July 2020

This 2000+ sq ft home has been beautifully updated inside and out. Custom built home and 4 car garage on a 2+ acre lot with mature pines and 340 ft. of lakeshore. The home features a walk-in lower level with an open floor plan for the kitchen, dining and living area with great views of the lake. The newly updated kitchen features custom wood cabinets, granite counters, island with sink, new windows and ceramic floor. Appliances included. The living-dining area has a stone fireplace, 2 patio doors leading to the wrap-around deck. Vaulted ceiling. The spacious master bedroom has wood floors, walk-in closet, & pine ceiling. Master bath with Jacuzzi tub, separate shower, ceramic floor. Guest bedroom, 3/4 bath & loft bedroom with views of the lake. New steel siding and asphalt shingles. Detached 4 car heated garage. Dock. Drilled well and septic. Direct access to the BWCAW.

Last Agent to Sell the Property

Jan Erchul

Ely Realty License #593436 Listed on: 01/02/2020

Last Buyer's Agent

Member Non

NON-MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,420

Year Built

  • Built in 1990

Lot Details

  • 2 Acre Lot
  • Irregular Lot

Parking

  • 4 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,648 Sq Ft Home
  • Multi-Level Property
  • Gas Log Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Heating System Uses Oil
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 465-0077-00150 & 465-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,420

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Guttering: Partial
  • Heat: Oil, Dual Fuel/Off Peak, Electric
  • Irregular Lot Size: Yes
  • Lower Level Bathrooms: 1
  • Lower Level Bedrooms: 1
  • Lvt Date: 01/02/2020
  • Main Level Bathrooms: 2
  • Number Of Bedrooms: 3
  • Parcel Code Number: 465-0077-00150 & 465-007
  • Patioporch: Deck
  • Percent Of Bsmnt Finished: 85
  • Real Estate Tax: 4420
  • Style: Multi-Level
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 2648
  • Bedroom 1: Size: 21 X 13, On Level: Main
  • Total Bathrooms: 3
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Elec. Dryer
  • Basement: Full, Poured
  • Bedroom 2: Size: 12 X 12, On Level: Main
  • Bedroom 3: Size: 13 X 23, On Level: Upper
  • Dining Room: Size: 8 X 10, On Level: Main
  • Fireplace: 1 Fireplace, Gas Log
  • Kitchen: Size: 13 X 15, On Level: Main
  • Living Room: Size: 15 X 27, On Level: Main
  • Main Level Bedrooms: 2
  • Other Room 2: Sitting Rm, Size: 11 X 11, On Level: Main
  • Other Room 3: Master Bat, Size: 12 X 10
  • Rec Room: Size: 15 X 20, On Level: Lower

Exterior Features

  • Exterior: Steel
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage: 3+ Stalls, Detached
  • Garage Capacity: 4
  • Garage Size: 24 X 30

Utilities

  • Utilities: Septic, Well
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 240x320
  • Number Of Acres: 2
  • Zoning: res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2021
Sold by
Rikansrud Chad David and Rikansrud Kelly
Bought by
Rikansrud Chad David and Rikansrud Kelly
Current Estimated Value
$412,576

Purchase Details

Listed on
Jan 2, 2020
Closed on
Jul 14, 2020
Sold by
Lundeen Bruce A and Lundeen Debble S
Bought by
Rikansrud Chad David
Seller's Agent
Jan Erchul
Ely Realty
Buyer's Agent
Member Non
NON-MEMBER
List Price
$539,000
Sold Price
$480,000
Premium/Discount to List
-$59,000
-10.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.70%
Original Mortgage
$384,000
Interest Rate
2.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 16, 2003
Sold by
Ellingen David M
Bought by
Lundeen Bruce A and Lundeen Debbie S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Rikansrud Chad David $500 Northeast Title
Rikansrud Chad David -- Northeast Title Company
Rikansrud Chad David $480,000 Northeast Title Company
Lundeen Bruce A $450,000 Consolidated
Rikansrud Chad Chad $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rikansrud Chad David $384,000
Previous Owner Lundeen Bruce A $350,000
Closed Rikansrud Chad Chad $384,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2020 07/17/20 Sold $480,000 -4.0% $181 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
02/06/2020 02/06/20 Price Changed $499,900 -7.3% $189 / Sq Ft
01/02/2020 01/02/20 For Sale $539,000 -- $204 / 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
2024 $428 $48,900 $48,900 $0
2023 $428 $46,500 $46,500 $0
2022 $372 $46,500 $46,500 $0
2021 $384 $35,300 $35,300 $0
2020 $362 $35,300 $35,300 $0
2019 $346 $35,300 $35,300 $0
2018 $328 $34,200 $34,200 $0
2017 $330 $32,600 $32,600 $0
2016 $438 $32,600 $32,600 $0
2015 $445 $38,500 $38,500 $0
2014 $445 $38,500 $38,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Jan Erchul

    Seller's Agent in 2020

    Jan Erchul

    Ely Realty

    (218) 349-0515

    52 Total Sales

    Jan Erchul
    Section Image

  • M

    Buyer's Agent in 2020

    Member Non

    NON-MEMBER

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Map

Source: Range Association of REALTORS®

MLS Number: 138733

Range Association of REALTORS®

APN: 465007700145

Minnesota St Louis County Ely 55731

2016 Chippewa Shores, Ely, MN

Not Listed for Sale

Detached

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