NOT LISTED FOR SALE

2823 Moroni Point Rd Ely, MN 55731

Estimated Value: $677,000 - $759,000

2 Beds
0.5 Bath
1,175 Sq Ft
$609/Sq Ft Est. Value

Last Sold August 19, 2024

Last sale price $725,000 $617 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,203/month

7 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Sauna
  • Memorial High School Rated 9+
  • Beach Access
  • Vaulted Ceiling

About This Home

As of August 2024

A classic Burntside seasonal cabin with stunning views just feet from the water. 200 feet of level shoreline with a rocky/sandy bottom and 2.5 acres of diverse land. The close proximity to the lake create views from the rustic cabin that feel like you are on the water. The kitchen is open and combined with the dining room and living room; all facing the lake. Bedrooms are located on either end of the cabin with a 1/2 bath in between. Features outside include vinyl siding, lake water system, large storage/work shed, detached 1 stall garage, wood shed, and wood burning sauna on the waters edge. The septic has been inspected; permitting and installation of a new holding tank is in process by the seller. The privy will be abandoned due to nonconformity. The back part of the property is a gorgeous location for a new building site and has been checked for septic and it does accomodate. The panoramic elevated view from there is breathtaking and a perfect location for future dreams. The driveway down to the cabin is seasonally driveable, paved, and steep.

Last Agent to Sell the Property

Trish Bulinski

Bear Island Realty LLC Listed on: 06/19/2024

Last Buyer's Agent

Kate Davies

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,675

Year Built

  • Built in 1935

Lot Details

  • 2.5 Acre Lot
  • Lot Dimensions are 200 x 600
  • Private Waterfront
  • 200 Feet of Waterfront
  • Lake Front

Parking

  • 1 Car Detached Garage

Home Design

  • Cabin
  • Concrete Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,175 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Paneling
  • Vaulted Ceiling
  • Wood Frame Window
  • Entryway
  • Living Room
  • Combination Kitchen and Dining Room
  • Sauna

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 0.5 Bathroom

Outdoor Features

  • Beach Access
  • Docks

Utilities

  • No Cooling
  • Baseboard Heating
  • Private Water Source
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0040-03470

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,675

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Follow 169 South out of Ely to Cty Rd 88/Grant McMahan, turn onto Grant McMahan and follow to Van Vac Rd. Follow Van Vac to Moroni Point Rd, turn onto and follow sign to Fowler's 2823 Moroni Point Rd (stay left). The property technically begins partially down the paved driveway.
  • L O1 Office Phone1 Number: 218-365-2800
  • PropAdjoinsPublicLand: No
  • ShorelineCharacteristics: Gravel, Sand, Shore-Accessible
  • Property Sub-Type: Seasonal
  • Tax Year: 2024
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Natural Woodwork, Sauna, Vaulted Ceilings, Panelled Walls
  • Amenities Exterior: Dock
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1175
  • Garage Type: Detached
  • Heat: Baseboard, Electric
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1935
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: None
  • Bathroom Description: 1/2 Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Entry
  • Fireplace: No
  • 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: Entry
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1175
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 200
  • Waterfront Name: Burntside
  • Construction Status: Previously Owned
  • Exterior: Vinyl
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Garage Features: Slab
  • Garage Capacity: 1

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: 200 x 600
  • Estimated Number of Acres: 2.5
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465-0040-03470
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 4675

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Aug 2, 2024
Sold by
Lon C Fowler Family Trust and Shockley Karen Margaret
Bought by
Kreykes Nathan S and Kreykes Sarah Alane
Seller's Agent
Trish Bulinski
Bear Island Realty LLC
Buyer's Agent
Kate Davies
Bear Island Realty LLC
List Price
$725,000
Sold Price
$725,000
Views
4
Current Estimated Value
$715,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,583
Avg. Annual Appreciation
-0.97%
Original Mortgage
$580,000
Outstanding Balance
$572,412
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$143,005
Source: Public Records

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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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
Kreykes Nathan S $725,000 Northeast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kreykes Nathan S $580,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2024 08/19/24 Sold $725,000 0.0% $617 / Sq Ft
06/19/2024 06/19/24 For Sale $725,000 -- $617 / 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 $5,464 $564,700 $433,900 $130,800
2023 $5,464 $546,700 $409,400 $137,300
2022 $5,240 $462,300 $348,100 $114,200
2021 $4,730 $395,600 $296,000 $99,600
2020 $4,470 $395,600 $296,000 $99,600
2019 $4,490 $395,600 $296,000 $99,600
2018 $4,480 $399,100 $323,400 $75,700
2017 $4,508 $399,100 $323,400 $75,700
2016 $4,650 $399,100 $323,400 $75,700
2015 $4,695 $415,800 $340,100 $75,700
2014 $4,695 $413,100 $340,000 $73,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6114464

APN: 465004003470