NOT LISTED FOR SALE

2056 Mollywood Ln Ely, MN 55731

Estimated Value: $409,000 - $660,000

2 Beds
1 Bath
768 Sq Ft
$748/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $500,000 $651 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,039/month

79 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Corner Lot
  • Memorial High School Rated 9+
  • Ranch Style House
  • 1 Car Detached Garage

About This Home

As of October 2021

Pristine Burntside lake with crystal clear water. This property is nestled in the woods with mature white pines. Located in a quiet bay on a dead-end road. Gorgeous private point with rocky out crops on 3+ acres and 580’ of level sandy shoreline. Direct access into BWCAW and only 8 miles to Ely. Year-round lake home includes 2 bedrooms, 1 bath, wood burning fireplace, detached 1+ car garage, drilled well, wood shed, and tool shed. This property has been in the family for years and is on the market for the first time. Property also includes a fire pit tucked in the woods, walking paths that wander through the woods, 64" dock and more. Come and enjoy the peace and serenity!

Last Agent to Sell the Property

Sandra Rock

Keller Williams Classic Realty NW - Ely Listed on: 07/07/2021

Last Buyer's Agent

Kate Davies

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,915

Year Built

  • Built in 1967

Lot Details

  • 3.2 Acre Lot
  • Private Waterfront
  • 580 Feet of Waterfront
  • Lake Front
  • Street terminates at a dead end
  • Corner Lot
  • Level Lot
  • Irregular Lot
  • Unpaved Streets
  • Many Trees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 768 Sq Ft Home
  • Paneling
  • Wood Burning Fireplace
  • Combination Dining and Living Room
  • Utility Room
  • Crawl Space

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • 1 Car Detached Garage
  • Dirt Driveway

Outdoor Features

  • Docks
  • Storage Shed

Utilities

  • No Cooling
  • Forced Air Heating System
  • Drilled Well
  • Gas Water Heater
  • Fuel Tank
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 465-0157-00042,465-0157-00045, 465-0157-00050

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,915

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Take Co Rd. 88 to the Echo Trail, continue 4 miles, left on Woodland Ridge, then immediate right on Mollywood.
  • L O1 Office Phone1 Number: 612-508-1100
  • ShorelineCharacteristics: Hard, Rocky, Sand, Elevation-Low
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Panelled Walls
  • Amenities Exterior: Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 768
  • Garage Type: Detached
  • Heat: Forced Air
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 2
  • Year Built: 1967
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Material: Concrete Block
  • Basement Style: Crawl Space
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1 Story
  • Room 6: Utility Room
  • Total Bathrooms: 1
  • Total Fin Square Footage: 768
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed, Other Buildings
  • Road Frontage: Dead End/No Outlet, Unpaved
  • Waterfront Access: Private
  • Water Frontage In Feet: 580
  • Waterfront Name: Burntside
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Garage Features: Dirt Floor, Electrical Service
  • Garage Capacity: 1
  • ParkingFeaturesGarageDimensions: 24x24

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 580
  • Estimated Number of Acres: 3.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Corner Lot, Irregular Lot, Tree Coverage - Heavy, Level
  • Parcel Number: 465-0157-00042,465-0157-00045, 465-0157-00050
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4915

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2021
Closed on
Oct 18, 2021
Sold by
Allen M Stolee Revocable Trust and Stolee Allen M
Bought by
Claseman Gerad W and Claseman Deborah K
Seller's Agent
Sandra Rock
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Kate Davies
Bear Island Realty LLC
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$574,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,778
Avg. Annual Appreciation
3.38%
Original Mortgage
$500,000
Outstanding Balance
$454,963
Interest Rate
2.8%
Mortgage Type
VA
Estimated Equity
$119,815

Purchase Details

Closed on
May 2, 2011
Sold by
Stolee Allen M and Stolee Ann H
Bought by
Stolee Allen M and Stolee Ann H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Claseman Gerad W $500,000 Northeast Title
Claseman Gerad W $500,000 Northeast Title Company
Stolee Allen M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Claseman Gerad W $500,000
Closed Claseman Gerad W $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $500,000 0.0% $651 / Sq Ft
09/24/2021 09/24/21 Pending -- -- --
07/07/2021 07/07/21 For Sale $500,000 -- $651 / 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 $330 $360,200 $256,800 $103,400
2023 $330 $346,700 $242,400 $104,300
2022 $85 $293,200 $206,400 $86,800
2021 $3,010 $251,500 $175,800 $75,700
2020 $2,838 $251,500 $175,800 $75,700
2019 $2,834 $251,500 $175,800 $75,700
2018 $2,828 $253,000 $170,900 $82,100
2017 $2,844 $253,000 $170,900 $82,100
2016 $2,900 $253,000 $170,900 $82,100
2015 $2,947 $261,900 $179,800 $82,100
2014 $2,947 $262,000 $179,800 $82,200
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sandra Rock

    Keller Williams Classic Realty NW - Ely

  • Kate Davies

    Buyer's Agent in 2021

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    168 Total Sales

    Kate Davies
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6098193

APN: 465015700042

Minnesota St Louis County Ely 55731

2056 Mollywood Ln, Ely, MN

Not Listed for Sale

Detached

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