NOT LISTED FOR SALE

2869 Cedar Beach Dr Ely, MN 55731

Estimated Value: $183,693 - $409,000

1 Bed
-- Bath
544 Sq Ft
$527/Sq Ft Est. Value

Last Sold December 21, 2022

Last sale price $209,000 $384 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,596/month

61 Days on Market

Highlights

  • 354 Feet of Waterfront
  • Lake View
  • Traditional Architecture
  • Memorial High School Rated 9+
  • Vaulted Ceiling
  • Wood Flooring

About This Home

As of December 2022

Country cabin with lakeshore ownership on Shagawa Lake. This one bedroom cabin is built in the tree tops overlooking Shagawa Lake on 5.27 acres of wooded land. Main level includes a kitchen, living room, washroom, 3 season porch and a sleeping nook. Recycled materials make up 80% of the construction which adds to the charm of this truly unique cabin. Fully insulated with a wood stove and propane furnace for heat. Surveyed, approved for septic and access to power. There is a nearby bunkhouse with full screen porch for additional sleeping space. This property comes with 1/2 ownership of a +-1 acre lake lot with +-354' of shoreline where you will find a dock and a beautiful sandy beach.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 08/31/2022

Last Buyer's Agent

Tyler Meihak

True Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $637

Year Built

  • Built in 2008

Lot Details

  • 5.2 Acre Lot
  • Lot Dimensions are 837 x 352
  • 354 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Many Trees

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Metal Siding

Interior Spaces

  • 1 Bedroom
  • 544 Sq Ft Home
  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Wood Frame Window
  • Living Room
  • Wood Flooring
  • Lake Views
  • Range

Outdoor Features

  • Shared Waterfront
  • Enclosed Patio or Porch
  • Storage Shed
  • Outhouse

Farming

  • Bunk House

Utilities

  • Heating System Uses Wood
  • Radiant Heating System
  • Heating System Uses Propane
  • Water Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0073-00010 & 00090

Home Details

Home Type

Single Family

Est. Annual Taxes

$637

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: North from Ely around Shagawa Lake on Grant McMahan to Cedar Beach Drive. First driveway on left.
  • L O1 Office Phone1 Number: 218-365-3665
  • Road Maintenance: Private
  • ShorelineCharacteristics: Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2022
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Hardwood Floors, Natural Woodwork, Vaulted Ceilings
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 544
  • Garage Type: None
  • Heat: Fireplace, Radiant, Wood, Propane
  • Fireplaces: 1
  • MainFloorBath: No
  • RdBtwnWtrfrntAndHome: Yes
  • Reso Roof: Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 1
  • Year Built: 2008
  • Level 1 Bedroom: Main
  • RoomLevel3: Second Floor
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: None
  • Extra Rooms: Enclosed Porch
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bathroom
  • Bedroom 5: Porch
  • Stories: 1.25 - 1.75 Story
  • Total Fin Square Footage: 544
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Screenhouse, Storage Shed, Bunkhouse
  • Road Frontage: Private
  • Waterfront Access: Shared
  • Water Frontage In Feet: 354
  • Waterfront Name: Shagawa
  • Construction Status: Previously Owned
  • Exterior: Metal, Wood
  • Window Features:Insulated Windows: Wood Frame

Utilities

  • Power Company: None
  • Sewer: Outhouse
  • Water: None

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 837 x 352
  • Estimated Number of Acres: 5.2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, High
  • Parcel Number: 465-0073-00010 & 00090
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 637

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Dec 17, 2022
Sold by
Loscheider Ann M
Bought by
Rochester Gregg and Thouin-Rochester Zoe
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Tyler Meihak
True Real Estate
List Price
$209,000
Sold Price
$209,000
Current Estimated Value
$286,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,423
Avg. Annual Appreciation
11.04%
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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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
Rochester Gregg $209,000 Northeast Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2022 12/21/22 Sold $209,000 0.0% $384 / Sq Ft
10/31/2022 10/31/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $209,000 -- $384 / 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 $1,092 $112,800 $48,700 $64,100
2023 $1,092 $107,800 $43,700 $64,100
2022 $412 $95,000 $39,200 $55,800
2021 $432 $80,800 $32,300 $48,500
2020 $372 $78,000 $32,300 $45,700
2019 $366 $78,000 $32,300 $45,700
2018 $362 $79,600 $35,400 $44,200
2017 $310 $79,700 $35,500 $44,200
2016 $296 $73,900 $33,900 $40,000
2015 $284 $43,500 $20,400 $23,100
2014 $284 $43,100 $20,400 $22,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    149 Total Sales

    Chris Eilrich
    Section Image

  • T

    Buyer's Agent in 2022

    Tyler Meihak

    True Real Estate

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6105235

APN: 465007300010

Minnesota St Louis County Ely 55731

2869 Cedar Beach Dr, Ely, MN

Not Listed for Sale

Detached

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