NOT LISTED FOR SALE

2787 S Echo Trail Ely, MN 55731

Estimated Value: $311,000 - $620,000

3 Beds
1 Bath
3,199 Sq Ft
$127/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $260,000 $81 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,285/month

209 Days on Market

Highlights

  • 60 Feet of Waterfront
  • Beach Access
  • Deck
  • Memorial High School Rated 9+
  • Panoramic View
  • Balcony

About This Home

As of November 2020

South facing year round Shagawa Lake Home on a beautiful lot. This one owner estate property is on 10+/- acres of diversely wooded land with 60 feet of level lakeshore. The 3BR 1BA home sits on an elevated part of the lot providing excellent lake views. An open and spacious one level living floor plan features a lake facing kitchen, and dining room. Additionally: a living room, two generous bedrooms measuring each 23 x 11.5, and a master bedroom. The home has barrier free access from the outside and a basement with a tuck under garage. The location is easily reachable; just minutes from Ely. Features include compliant septic system, a drilled updated well, and survey. The owners have had use of 500+ feet of shoreline which is the road that was vacated in 1973. The opportunity awaits you whether this becomes your year round dream home or a lake cabin!

Last Agent to Sell the Property

Trish Bulinski

Bear Island Realty LLC Listed on: 03/19/2020

Last Buyer's Agent

Jeff Hway

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1962

Lot Details

  • 10 Acre Lot
  • Lot Dimensions are 400 x 400
  • 60 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Elevated Lot
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wood Frame Window
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Laundry on main level
  • Unfinished Basement
  • Partial Basement
  • Range

Bedrooms and Bathrooms

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

Parking

  • 1 Car Garage
  • Tuck Under Garage
  • Gravel Driveway

Accessible Home Design

  • Wheelchair Ramps

Outdoor Features

  • Beach Access
  • Shared Waterfront
  • Balcony
  • Deck

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Water Not Available
  • Drilled Well
  • Electric Water Heater
  • Fuel Tank
  • Mound Septic
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 465002003092

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,434

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely follow 169 East to Co Rd 88(Grant Mcmahan BLVD) Left onto 88, Follow to S Echo Trail (sign on the road).
  • Waterfront Info Lake Chain: No
  • Waterfront Info Lake Maximum Depth: 48
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • ShorelineCharacteristics: Shore-Accessible, Elevation-Medium
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Twp Number: 63n
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Ada Features: Wheelchair Ramp
  • Reso Association Amenities: Main Floor Laundry
  • Amenities Exterior: Balcony, Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1615
  • Below Grade Finished Sq Ft: 1584
  • Garage Type: Tuckunder
  • Heat: Hot Water, Oil
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1962
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Partial
  • Bathroom Description: Walk Thru
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Pantry, Utility Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Bathroom
  • Room 8: Utility Room
  • Total Bathrooms: 1
  • Total Fin Square Footage: 3199
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 2344
  • Road Frontage: County
  • Waterfront Access: Public
  • Water Frontage In Feet: 60
  • Waterfront Name: Shagawa
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 1

Utilities

  • Power Company: Lake Country Power
  • Sewer: Drain Field, Mound
  • Water: None, Drilled

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 400 x 400
  • Estimated Number of Acres: 10
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, Telephone, High
  • Parcel Number: 465002003092
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1434

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
Broadbridge Daryl Daryl $260,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2020 11/13/20 Sold $260,000 0.0% $81 / Sq Ft
10/14/2020 10/14/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $260,000 -- $81 / 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 $1,816 $249,400 $38,300 $211,100
2023 $1,816 $242,800 $35,800 $207,000
2022 $1,758 $203,000 $33,200 $169,800
2021 $1,788 $148,000 $24,900 $123,100
2020 $1,140 $140,700 $24,900 $115,800
2019 $1,126 $140,700 $24,900 $115,800
2018 $1,116 $142,100 $30,300 $111,800
2017 $990 $142,100 $30,300 $111,800
2016 $970 $130,600 $29,400 $101,200
2015 $974 $107,300 $24,200 $83,100
2014 $974 $107,300 $24,200 $83,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Trish Bulinski

    Bear Island Realty LLC

    (218) 349-5595

    135 Total Sales

    Trish Bulinski
    Section Image
  • Jeff Hway

    Buyer's Agent in 2020

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    162 Total Sales

    Jeff Hway
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6088893

APN: 465002003092

Minnesota St Louis County Ely 55731

2787 S Echo Trail, Ely, MN

Not Listed for Sale

Detached

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