NOT LISTED FOR SALE

2052 Chippewa Shores Ely, MN 55731

Estimated Value: $384,000 - $417,000

3 Beds
1 Bath
832 Sq Ft
$478/Sq Ft Est. Value

Last Sold August 01, 2024

Last sale price $369,000 $444 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,293/month

6 Days on Market

Highlights

  • Private Waterfront
  • Main Floor Primary Bedroom
  • No HOA
  • Memorial High School Rated 9+
  • Loft
  • 2 Car Detached Garage

About This Home

As of August 2024

Well-kept & thoughtfully updated seasonal, 2 bedroom 1 bath, A-Frame cabin on White Iron Lake. A newer addition provides a main level bedroom and three season porch, offering lake views and a quiet place to enjoy the surrounding natural beauty. The living room features newly insulated walls/ceiling with new wood wall finishings, a new skylight, flooring, freestanding wood stove and patio doors to the porch. The eat-in kitchen; has new flooring, insulation in ceiling with new pine finishes, and newer appliances. In addition there is a main level full bath, and extra bedroom. New stairs up to the loft; a great spot for overflow sleeping or an office. Includes a septic system; new in 2017, drilled well, storage shed, and a dock that is in need of repair or replacement. The detached 2 stall, steel sided garage, provides great storage options for recreational equipment and belongings. The cabin sits on a lot that gently slopes toward the water, 1.07 acres with a lawn and mixture of birch and pine tree forest, and 173 feet of mixed rocky and sandy shoreline. Depart from the dock and enjoy exploring the chain of lakes including 5200 acres, a great fishing and water sport recreating lake. Minutes from Ely on paved well maintained roads. A sweet place to start your northwoods summer traditions.

Last Agent to Sell the Property

Trish Bulinski

Bear Island Realty LLC Listed on: 07/01/2024

Last Buyer's Agent

Connie Coughlin

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,653

Year Built

  • Built in 1982

Lot Details

  • 1.07 Acre Lot
  • Lot Dimensions are 268 x 175
  • Private Waterfront
  • 173 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Detached Garage

Home Design

  • Cabin
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 832 Sq Ft Home
  • Multi-Level Property
  • Free Standing Fireplace
  • Living Room
  • Loft

Bedrooms and Bathrooms

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

Outdoor Features

  • Enclosed Patio or Porch
  • Storage Shed

Utilities

  • Space Heater
  • Heating System Uses Wood
  • Heating System Uses Propane
  • Private Water Source
  • Drilled Well
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0077-00240

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,653

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: In Ely, take Sheridan Street to Hwy 1. Head south toward the North Shore to the South White Iron Rd. Turn left and follow to Chippewa Shores. Stay left and follow to address and sign.
  • L O1 Office Phone1 Number: 218-365-2800
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 832
  • Garage Type: Detached
  • Heat: Space/Wall Heater, Wood, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 3
  • Year Built: 1982
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Upper
  • RoomLevel7: Main
  • RoomLevel8: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: N/A
  • Basement Style: None, Posts
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: 3 Season Porch
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Loft
  • Room 7: Bathroom
  • Room 8: Porch
  • Total Bathrooms: 1
  • Total Fin Square Footage: 832
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Waterfront Access: Private
  • Water Frontage In Feet: 173
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Drilled, Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 268 x 175
  • Estimated Number of Acres: 1.07
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465-0077-00240
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 2653

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2024
Closed on
Jul 30, 2024
Sold by
Seiffert Jordan
Bought by
Frandrup Randall and Frandrup Darla
Seller's Agent
Trish Bulinski
Bear Island Realty LLC
Buyer's Agent
Connie Coughlin
Bear Island Realty LLC
List Price
$369,000
Sold Price
$369,000
Views
2
Current Estimated Value
$397,312

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,312
Avg. Annual Appreciation
5.31%
Original Mortgage
$221,400
Outstanding Balance
$218,890
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$178,422

Purchase Details

Listed on
Jun 5, 2018
Closed on
Sep 24, 2020
Sold by
Matthews Stephen H and Stephen J Matthews Trust
Bought by
Seiffert Jordan
Seller's Agent
Trish Bulinski
Bear Island Realty LLC
Buyer's Agent
Dave Lilja
Think Minnesota Realty LLC
List Price
$221,000
Sold Price
$221,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.24%
Original Mortgage
$188,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 27, 2002
Sold by
Matthews Stephen H and Matthews Sheila F
Bought by
Matthews Stephen H and Stephen H Matthews Trust Decla
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
Frandrup Randall $369,000 Northeast Title
Seiffert Jordan $221,000 Northeast Title Company
Matthews Stephen H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frandrup Randall $221,400
Previous Owner Seiffert Jordan $188,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/01/2024 08/01/24 Sold $369,000 0.0% $444 / Sq Ft
07/07/2024 07/07/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $369,000 +67.0% $444 / Sq Ft
09/24/2020 09/24/20 Sold $221,000 0.0% $266 / Sq Ft View Prior Sale
08/31/2020 08/31/20 Pending -- -- --
06/05/2018 06/05/18 For Sale $221,000 -- $266 / 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
2024 $2,828 $298,700 $184,500 $114,200
2023 $2,828 $289,900 $175,900 $114,000
2022 $2,738 $289,900 $175,900 $114,000
2021 $2,654 $221,700 $135,300 $86,400
2020 $2,500 $221,700 $135,300 $86,400
2019 $2,500 $221,700 $135,300 $86,400
2018 $2,368 $223,400 $141,300 $82,100
2017 $2,382 $212,300 $135,300 $77,000
2016 $2,750 $212,300 $135,300 $77,000
2015 $2,793 $248,700 $157,900 $90,800
2014 $2,793 $248,700 $157,900 $90,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Trish Bulinski

    Bear Island Realty LLC

    (218) 349-5595

    135 Total Sales

    Trish Bulinski
    Section Image

  • C

    Buyer's Agent in 2024

    Connie Coughlin

    Bear Island Realty LLC

    (218) 235-8289

    34 Total Sales

    Connie Coughlin
    Section Image
  • Dave Lilja

    Buyer's Agent in 2020

    Dave Lilja

    Think Minnesota Realty LLC

    (612) 810-8779

    172 Total Sales

    Dave Lilja
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6114686

APN: 465007700240

Minnesota St Louis County Ely 55731

2052 Chippewa Shores, Ely, MN

Not Listed for Sale

Detached

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