NOT LISTED FOR SALE

2788 S Echo Trail Ely, MN 55731

Estimated Value: $333,504 - $452,000

2 Beds
1 Bath
721 Sq Ft
$537/Sq Ft Est. Value

Last Sold January 11, 2023

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

Est. 12% decrease in value since last sale

Current estimated payment $2,380/month

2 Days on Market

Highlights

  • 198 Feet of Waterfront
  • No HOA
  • 1-Story Property
  • Living Room with Fireplace

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, Inc. Listed on: 09/27/2022

Last Buyer's Agent

Andrea Zupancich

Z'Up North Realty, Inc. Listed on: 09/27/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,721

Year Built

  • Built in 1957

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 215x305x76
  • 198 Feet of Waterfront
  • Lake Front

Interior Spaces

  • 721 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Private Water Source

Community Details

  • No Home Owners Association
  • Morse Town Of Subdivision

Listing and Financial Details

  • Assessor Parcel Number 465002003022

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,721

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Water Source: Private
  • Year Built: 1957
  • Above Grade Finished Sq Ft: 721
  • Water Body Name: Shagawa
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 26x26
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Fireplace Features: Living Room
  • Living Area: 721
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
  • SqFtTotal: 0.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • Lake Acres: 2344
  • LakeChain: N
  • Waterfront Frontage: 198

Garage/Parking

  • Parking Features: None
  • Garage Square Feet: 0

Utilities

  • Heating: Fireplace(s)
  • Sewer: Private Sewer
  • Fuel: Electric,Wood
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Ely
  • SchoolDistrictNumber: 696
  • SchoolDistrictPhone: 218-365-6166

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 215x305x76
  • Lot Size Sq Ft: 14374.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 465002003022
  • Tax Annual Amount: 1721
  • TaxWithAssessments: 1806.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Jan 11, 2023
Sold by
Rusco Bryan and Rusco Jordan
Bought by
Broadbridge Daryl and Broadbridge Anne
Seller's Agent
Andrea Zupancich
Z'Up North Realty, Inc.
Buyer's Agent
Andrea Zupancich
Z'Up North Realty, Inc.
List Price
$450,000
Sold Price
$442,000
Premium/Discount to List
-$8,000
-1.78%
Views
25
Current Estimated Value
$386,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,124
Avg. Annual Appreciation
-7.68%
Original Mortgage
$200,000
Outstanding Balance
$194,749
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$167,836
Source: Public Records

Range of Values:

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Average Value
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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
Broadbridge Daryl $442,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broadbridge Daryl $200,000
Previous Owner Rusco Bryan John $203,900
Previous Owner Rusco Bryan J $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2023 01/11/23 Sold $442,000 -1.8% $613 / Sq Ft
09/29/2022 09/29/22 Pending -- -- --
09/27/2022 09/27/22 For Sale $450,000 -- $624 / Sq Ft
Source: NorthstarMLS

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
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: NorthstarMLS

MLS Number: 6265462

NorthstarMLS

APN: 465002003022