$299,000

296 Shady Ln Ely, MN 55731

Estimated payment $1,675/month

Total Views 43,010
2 Beds
1 Bath
912 Sq Ft
$328 Price per Sq Ft

Highlights

  • Private Waterfront
  • Main Floor Primary Bedroom
  • No HOA
  • Home fronts a pond
  • Loft
  • Living Room

About This Home

This Northwoods two bedroom, one bath, cabin with drilled well and compliant septic can be enjoyed year round! Open floor plan with natural woodwork throughout, woodstove in the living room, main floor bedroom and bathroom with an open sleeping loft above. This cabin sits on 5.75 acres, overlooking a scenic pond and includes a parcel on Fall Lake, affording direct access to the Boundary Waters Canoe Area Wilderness. A wonderful, private, up north retreat to enjoy all the Northwoods of Minnesota has to offer!!

Listing Agent

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 07/16/2024

Keller Williams Classic Realty NW - Ely

Co-Listing Agent

Heather Franciskovich

Keller Williams Classic Realty NW - Ely

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,351

Year Built

  • Built in 1998

Lot Details

  • 5.75 Acre Lot
  • Home fronts a pond
  • Private Waterfront
  • 600 Feet of Waterfront

Parking

  • No Garage

Home Design

  • Bungalow
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 912 Sq Ft Home
  • Multi-Level Property
  • Free Standing Fireplace
  • Living Room
  • Loft
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Bathroom

Utilities

  • Heating System Uses Wood
  • Drilled Well
  • Mound Septic
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 28-6311-18045, 28-6375-18270 & 18315

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,351

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, take Hwy 169 East to Left on CR88. Turn right on Ely Winton Rd. Turn left on Cloquet Line. Turn right on Shady Lane. Stay left at fork in the road. 296 Shady Ln. is first driveway on the right after the fork in the road.
  • L O1 Office Phone1 Number: 763-463-7500
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 912
  • Garage Type: None
  • Heat: Fireplace, Wood
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1998
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • Property Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: N/A
  • Basement Style: Crawl Space
  • Bathroom Description: 3/4 Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Loft
  • Stories: 1.25 - 1.75 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 912
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 600
  • Waterfront Name: Other - See Remarks
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Mound
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 300x800, 50x110
  • Estimated Number of Acres: 5.75
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 28-6311-18045, 28-6375-18270 & 18315
  • Waterfront Type: Pond

Tax Info

  • Tax Amount: 1351

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2025 $1,312 $183,000 $52,400 $130,600
2024 $777 $183,300 $51,300 $132,000
2023 $730 $189,800 $51,300 $138,500
2022 $938 $161,600 $51,300 $110,300
2021 $923 $106,800 $43,500 $63,300
2020 $1,024 $103,200 $42,500 $60,700
2019 $1,031 $106,300 $57,700 $48,600
2018 $780 $107,300 $45,100 $62,200
2017 $734 $82,700 $34,100 $48,600
2016 $738 $79,800 $38,000 $41,800
2015 $741 $80,600 $38,400 $42,200
2014 $741 $0 $0 $0
2013 $747 $0 $0 $0
2012 $754 $0 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/17/2025 09/17/25 Price Changed $299,000 -3.2% $328 / Sq Ft
07/14/2025 07/14/25 Price Changed $309,000 -3.1% $339 / Sq Ft
06/28/2025 06/28/25 Price Changed $319,000 -3.0% $350 / Sq Ft
07/16/2024 07/16/24 For Sale $329,000 +176.5% $361 / Sq Ft
06/02/2017 06/02/17 Sold $119,000 0.0% $132 / Sq Ft View Prior Sale
03/13/2017 03/13/17 Pending -- -- --
04/05/2016 04/05/16 For Sale $119,000 -- $132 / Sq Ft
Source: Lake Superior Area REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $119,000 None Available
Source: Public Records

Source: Lake Superior Area REALTORS®

MLS Number: 6114954

APN: 28-6311-18045