$762,500
SOLD MAY 22, 2024

2032 Chippewa Shores Ely, MN 55731

4 Beds
5 Baths
4,000 Sq Ft
1 Acres

Recently Sold

$191 Per Sq Ft

5% Below List Price

9 Days on Market

Highlights

  • Boathouse
  • Community Boat Slip
  • Beach Access
  • Private Waterfront
  • Docks
  • Spa

About This Home

As of May 2024

Gorgeous custom-built home with many special features located on paved road at the end of a cul-de-sac on White Iron Lake! The house boasts 4 BR, 4 BA, recreation room with bar, 2 fireplaces, Pella windows, 2 heated garages, sauna, 3-season porch plus oodles of closets and storage space. 600 amp service in house and 200 amp service in detached garage with in-floor heat and 1/4 BA. All the rooms have fantastic lake views! It has a landscaped, level lot with beach, dock, lakeside patio, boathouse with electric winch, and RV pad! Newer metal roofs on all buildings. White Iron Lake is on a chain of lakes that offer great fishing and boating!

Last Agent to Sell the Property

Karen Zupancich

Edina Realty - Ely

Edina Realty - Ely

Last Buyer's Agent

Timothy Lillquist

Edina Realty, Inc. - Virginia

Edina Realty, Inc. - Virginia

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,123

Year Built

  • Built in 1979

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 282 x 314
  • Private Waterfront
  • 282 Feet of Waterfront
  • Lake Front
  • Property fronts a highway
  • Cul-De-Sac
  • Level Lot
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Bi-Level Home
  • Brick Exterior Construction
  • Poured Concrete
  • Wood Frame Construction
  • Insulated Concrete Forms
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Wet Bar
  • Woodwork
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Fireplace
  • Wood Frame Window
  • Window Screens
  • Entrance Foyer
  • Family Room
  • Living Room
  • Formal Dining Room
  • Den
  • Lower Floor Utility Room
  • Storage Room
  • Utility Room
  • Sauna
  • Heated Floors

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement
  • Sump Pump
  • Crawl Space

Parking

  • 3 Car Detached Garage
  • Heated Garage
  • Tuck Under Garage
  • Insulated Garage
  • Bathroom In Garage
  • Garage Drain
  • Garage Door Opener
  • Driveway

Eco-Friendly Details

  • Energy-Efficient Windows
  • Air Exchanger

Outdoor Features

  • Spa
  • Beach Access
  • Boathouse
  • Docks
  • Lake, Pond or Stream
  • Deck
  • Enclosed patio or porch
  • Rain Gutters

Utilities

  • Forced Air Heating and Cooling System
  • Electric Air Filter
  • Dual Heating Fuel
  • Heating System Uses Propane
  • Private Water Source
  • Drilled Well
  • Gas Water Heater
  • Water Softener is Owned
  • Mound Septic
  • Private Sewer
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 465-0077-00180

Community Details

Overview

  • No Home Owners Association

Recreation

  • Community Boat Slip

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,123

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Highway 1 to White Iron Road S Follow road the Chippewa Shores cul-de-sac and turn left
  • Waterfront Info Lake Chain: Yes
  • Waterfront Info Lake Maximum Depth: 47
  • L O1 Office Phone1 Number: 218-349-2565
  • List Price/ Sq Ft: 190.63
  • Remodeled Addition: Yes
  • Road Maintenance: Public
  • ShorelineCharacteristics: Sand, Shore-Accessible, Elevation-Medium, Shore-Beach
  • Property Sub-Type: SF/Attached
  • Tax Year: 2024
  • Twp Number: 62
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: Central
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Natural Woodwork, Sauna, Walk-In Closet, Wet Bar, Foyer Entry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Boat Slip, Deck, Dock, Patio, Porch, Gutter/Downspout
  • Half Bathrooms: 2
  • Total One Quarter Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood, Insulating Concrete Forms, Poured Concrete, Brick
  • FinFootageAboveGrade: 3040
  • Below Grade Finished Sq Ft: 960
  • Garage Type: Detached, Tuckunder
  • Heat: Dual Fuel/Off Peak, Fireplace, Forced Air, In Floor, Propane, Electric
  • Fireplaces: 2
  • MainFloorBath: Yes
  • New Development: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Room 10: Spa/Sauna
  • Bedroom 3: Dining Room
  • TotalBedrooms: 4
  • Year Built: 1979
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • RoomLevel8: Main
  • RoomLevel9: Lower
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Disposal, Dryer, Dishwasher, Exhaust Fan/Hood, Microwave, Refrigerator, Range/Stove, Washer
  • Basement Features: Partially Finished, Walkout, Den/Office, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Poured Concrete
  • Basement Style: Crawl Space, Partial
  • Bathroom Description: 3/4 Master, 1/2 Main Floor, Full Upper, 1/4 Main Floor
  • Formal Dining: Eat-In Kitchen, Formal Dining Room
  • Extra Rooms: Den/Office, Enclosed Porch, Family/Rec, Pantry, Spa/Sauna, Storage Room, Utility Room, 3 Season Porch
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: Bi-Level Split
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Family Room
  • Room 9: 3 Season Porch
  • Total Bathrooms: 5
  • Total Fin Square Footage: 4000
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 3246
  • Out Buildings: Boathouse
  • Road Frontage: County, Highway, Paved, Township
  • Waterfront Access: Private
  • Water Frontage In Feet: 282
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Brick, Wood
  • Window Features:Insulated Windows: Energy Windows, Screens, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Concrete
  • Garage Features: Bathroom, Drains, Electrical Service, Heat, Insulation, Kitchen, Plumbing, Slab
  • Garage Capacity: 3
  • ParkingFeaturesGarageDimensions: 26 x 30

Utilities

  • Power Company: Lake Country Power
  • Sewer: Drain Field, Mound, Private
  • Water: Drilled, Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2024-04-01
  • Estimated Lot Dimensions: 282 x 314
  • Estimated Number of Acres: 1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Cul De Sac, Landscaped, Tree Coverage - Medium, Telephone, Level, BWCA Area
  • Parcel Number: 465-0077-00180
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 6123

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 22, 2024
Sold by
Nickerson Mary
Bought by
Knutson Steven and Knutson Jean
Seller's Agent
Karen Zupancich
Edina Realty - Ely
Buyer's Agent
Timothy Lillquist
Edina Realty, Inc. - Virginia
List Price
$799,000
Sold Price
$762,500
Premium/Discount to List
-$36,500
-4.57%
Total Days on Market
9
Views
22
Current Estimated Value
$771,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,244
Avg. Annual Appreciation
0.38%
Original Mortgage
$457,500
Outstanding Balance
$454,875
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$310,436

Map

Range of Values:

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List 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 Type Sale Price Title Company
Deed $762,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $457,500 New Conventional
Previous Owner $100,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2024 05/22/24 Sold $762,500 -4.6% $191 / Sq Ft
04/10/2024 04/10/24 Pending -- -- --
04/01/2024 04/01/24 For Sale $799,000 -- $200 / Sq Ft
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
2023 $7,206 $652,700 $244,200 $408,500
2022 $6,208 $652,700 $244,200 $408,500
2021 $5,818 $497,300 $187,200 $310,100
2020 $5,384 $497,300 $187,200 $310,100
2019 $5,236 $497,300 $187,200 $310,100
2018 $4,886 $496,400 $183,600 $312,800
2017 $4,932 $468,400 $175,600 $292,800
2016 $5,862 $468,500 $175,700 $292,800
2015 $5,892 $551,400 $205,700 $345,700
2014 $5,892 $551,900 $206,200 $345,700
Source: Public Records

Source: Lake Superior Area REALTORS®

MLS Number: 6112876

APN: 465007700180

Minnesota St Louis County Ely 55731

2032 Chippewa Shores, Ely, MN

Homes for Sale in Ely, MN

This home is located at 2032 Chippewa Shores, Ely, MN 55731 and is currently priced at $762,500, approximately $190 per square foot. This property was built in 1979. 2032 Chippewa Shores 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.

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