NOT LISTED FOR SALE

2788 S Echo Trail Ely, MN 55731

Estimated Value: $320,961 - $560,000

2 Beds
1 Bath
721 Sq Ft
$627/Sq Ft Est. Value

Last Sold January 11, 2023

Last sale price $442,000 $613 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,571/month

2 Days on Market

Highlights

  • Private Waterfront
  • Panoramic View
  • Living Room
  • Memorial High School Rated 9+
  • No HOA
  • Bungalow

About This Home

As of January 2023

What a FIND! Cute, cozy, Northwoods feel! This one is calling your name! 2 BR year-round cabin on Shagawa Lake in Ely MN with 198 ft of sandy beach accessible shoreline! Only minutes to town, trails, and tranquility. And an unexpected bonus - this cabin is only 24 feet from the water's edge! Nice sized bedrooms, open concept floor place for dining/living/kitchen. New appliances, impeccably clean and in amazing condition. This is one well maintained home. You have a lovely dock, sand beach, and tremendous views! Come up, unpack, unwind and just relax! Septic has been inspected and is a compliant 3 BR septic.

Last Agent to Sell the Property

Andrea Zupancich

Z' Up North Realty Listed on: 09/24/2022

Last Buyer's Agent

Andrea Zupancich

Z' Up North Realty Listed on: 09/24/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,721

Year Built

  • Built in 1957

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 215x305x76
  • Private Waterfront
  • 198 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Level Lot

Parking

  • No Garage

Property Views

  • Lake
  • Panoramic

Home Design

  • Bungalow
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Composition Shingle

Interior Spaces

  • 721 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Dining Room
  • Open Floorplan

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Basement

  • Stone Basement
  • Crawl Space

Eco-Friendly Details

  • Energy-Efficient Windows

Utilities

  • Heating System Uses Wood
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0020-03022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,721

Year Built

Built in 1957

Lot Details

1 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 169 to Grant McMahon to Echo Trail, turn left cabin at the end of the rd. no signs per seller's request
  • L O1 Office Phone1 Number: 218-827-2288
  • ShorelineCharacteristics: Gravel, Sand, Shore-Beach
  • Property Sub-Type: SF/Detached
  • Tax Year: 2022
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 721
  • Garage Type: None
  • Heat: Wood, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1957
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: Poured Concrete, Stone
  • Basement Style: Crawl Space
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Bedroom
  • Main Residence Features:Family Room4: Kitchen
  • Bedroom 5: Dining Room
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 721
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 198
  • Waterfront Name: Shagawa
  • Construction Status: Previously Owned
  • Exterior: Composition
  • Window Features:Insulated Windows: Energy Windows

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 215x305x76
  • Estimated Number of Acres: 1
  • Cultivated Acreage: LSAR
  • Geo Match Code: 3
  • Geo Subdivision: MN
  • Lot Description: High, Level
  • Parcel Number: 465-0020-03022
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1721

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2022
Closed on
Jan 11, 2023
Sold by
Rusco Bryan John and Rusco Jordan N
Bought by
Broadbridge Daryl B and Broadbridge Anne L
Seller's Agent
Andrea Zupancich
Z' Up North Realty
Buyer's Agent
Andrea Zupancich
Z' Up North Realty
List Price
$442,000
Sold Price
$442,000
Current Estimated Value
$451,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,740
Avg. Annual Appreciation
0.71%
Original Mortgage
$200,000
Interest Rate
5.52%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Broadbridge Daryl B $442,000 Northeast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Broadbridge Daryl B $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/11/2023 01/11/23 Sold $442,000 0.0% $613 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/24/2022 09/24/22 For Sale $442,000 -- $613 / 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
2024 $2,932 $252,000 $137,700 $114,300
2023 $2,932 $211,200 $121,600 $89,600
2022 $1,806 $184,700 $111,300 $73,400
2021 $1,930 $152,300 $90,600 $61,700
2020 $1,786 $152,300 $90,600 $61,700
2019 $2,622 $152,300 $90,600 $61,700
2018 $2,426 $266,900 $95,300 $171,600
2017 $2,214 $252,300 $91,000 $161,300
2016 $2,640 $232,600 $86,600 $146,000
2015 $2,652 $263,800 $97,600 $166,200
2014 $2,652 $263,800 $97,600 $166,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6105638

APN: 465002003022

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