Estimated Value: $175,000 - $359,124
2
Beds
1
Bath
600
Sq Ft
$423/Sq Ft
Est. Value
Highlights
- Lake Front
- Beach
- Sauna
- Docks
- Vaulted Ceiling
- No HOA
About This Home
As of August 2022Gorgeous log cabin on Mitchell Lake just a few miles south of Ely! This cabin is part of an operating resort and is managed by the resort to keep it busy with tourists for most of the season. The resort takes care of managing it, booking it, cleaning it, etc. The owner of the cabin is allowed to use the cabin a certain number of weeks during the 13 week peak season, and a certain number of weeks in the non-peak season. It is a seasonal cabin and gets shut down and winterized in the late fall and winter. The cabin has 2 bedrooms and 1 full bath, and has an open floor plan. There is a classic stone wood burning fireplace in the living room, and a screened in porch on the entire front of the cabin that faces the lake. One bedroom is in the back of the cabin, and one is up front facing the lake. You have your own private dock right in front of your cabin. As part of the resort, you get to use the big sand beach, sauna, playground, and there is also a classic lodge building there with on-site managers. Great way to own a lake cabin here in the Ely area with it generating cash flow all summer and you come up to use and enjoy it on your pre-arranged weeks! The lake is quiet and has good fishing. --
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,211
Year Built
- Built in 1920
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 102 x 108
- Lake Front
- Property fronts a private road
- Unpaved Streets
- Landscaped with Trees
Parking
- No Garage
Home Design
- Log Cabin
- Concrete Foundation
- Metal Roof
- Log Siding
Interior Spaces
- 600 Sq Ft Home
- 1-Story Property
- Woodwork
- Vaulted Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Wood Frame Window
- Window Screens
- Living Room
- Dining Room
- Crawl Space
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
- 1 Full Bathroom
Outdoor Features
- Docks
- Enclosed patio or porch
Utilities
- Heating Available
- Shared Water Source
- Electric Water Heater
- Shared Sewer
Listing and Financial Details
- Assessor Parcel Number 465-0155-00130
Community Details
Recreation
- Beach
Additional Features
- No Home Owners Association
- Sauna
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 28, 2022
Closed on
Aug 10, 2022
Sold by
Selman Family Trust
Bought by
Houlihan Yvette M
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$185,000
Sold Price
$185,000
Total Days on Market
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,781
Avg. Annual Appreciation
20.18%
Purchase Details
Closed on
Sep 12, 2007
Sold by
Selman Larry and Selman Marti
Bought by
The Selman Family Trust
Purchase Details
Closed on
Apr 30, 2007
Sold by
Nall George P and Nall Leslie S
Bought by
Selman Larry and Selman Marti
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Similar Homes in Ely, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Houlihan Yvette M | $185,000 | Northeast Title Company | |
| The Selman Family Trust | -- | Ne Title | |
| Selman Larry | $220,000 | Ne Title |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2022 08/19/22 | Sold | $185,000 | 0.0% | $308 / Sq Ft |
| 07/13/2022 07/13/22 | Pending | -- | -- | -- |
| 06/28/2022 06/28/22 | For Sale | $185,000 | -- | $308 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 | $1,424 | $133,800 | $97,900 | $35,900 |
| 2022 | $1,296 | $111,500 | $80,200 | $31,300 |
| 2021 | $1,338 | $111,500 | $80,200 | $31,300 |
| 2020 | $1,252 | $111,500 | $80,200 | $31,300 |
| 2019 | $1,232 | $111,500 | $80,200 | $31,300 |
| 2018 | $1,328 | $111,500 | $80,200 | $31,300 |
| 2017 | $1,336 | $120,400 | $91,300 | $29,100 |
| 2016 | $1,292 | $120,400 | $91,300 | $29,100 |
| 2015 | $1,309 | $120,400 | $91,300 | $29,100 |
| 2014 | $1,309 | $120,400 | $91,300 | $29,100 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Hway
Seller's Agent in 2022
Jeff Hway
Bear Island Realty LLC
(218) 349-0906
171 Total Sales
-
Zachary Hway
Z
Seller Co-Listing Agent in 2022
Zachary Hway
Bear Island Realty LLC
(651) 341-0383
52 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6103876
APN: 465015500150
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