NOT LISTED FOR SALE

296 Shady Ln Ely, MN 55731

Estimated Value: $210,000 - $398,000

2 Beds
1 Bath
900 Sq Ft
$293/Sq Ft Est. Value

Last Sold June 02, 2017

Last sale price $119,000 $132 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $1,478/month

342 Days on Market

Highlights

  • 600 Feet of Waterfront
  • Main Floor Primary Bedroom
  • Woodwork
  • Deck
  • Eat-In Kitchen
  • Living Room

About This Home

As of June 2017

This 2-bedroom cabin is located 10 minutes from Ely and is tucked away on a private scenic pond. The pond is 6 deep and has bait fish and is perfect for canoeing and watching wildlife. The property features over 5 acres of land and has its own private deeded access to Fall Lake with direct access to the Boundary Waters Canoe Area Wilderness. The cabin is approximately 900 square feet and features 2 bedrooms, 1 bath, living room, kitchen, natural woodwork and plenty of Northwoods charm. The property features an outhouse. Enjoy relaxing on the wrap-around deck or on colder days cozy up to the wood-burning stove. Endless recreational opportunities await you!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 04/05/2016

Last Buyer's Agent

Jeff Hway

Bear Island Realty LLC Listed on: 04/05/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $993

Year Built

  • Built in 1998

Lot Details

  • 5.75 Acre Lot
  • Lot Dimensions are 600 x 800
  • 600 Feet of Waterfront
  • Lake Front

Home Design

  • Cabin
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 900 Sq Ft Home
  • Multi-Level Property
  • Woodwork
  • Ceiling Fan
  • Free Standing Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Deck
  • Outhouse

Utilities

  • Heating System Uses Wood
  • Private Water Source
  • Not Connected to Sewer

Listing and Financial Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$993

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, go east on Hwy 169 to Co. Rd. 88. Turn right on Co. Rd. 88 and follow to Ely Winton Rd. Turn right and follow to the Cloquet Line. Turn left and follow to Shady Lane. Turn right and go to fork in the road, stay to the left. Property is the first driveway on the right.
  • L O1 Office Phone1 Number: 218-365-2800
  • Property Sub-Type: SF/Detached
  • Tax Year: 2016
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Natural Woodwork, Drywalls, Patio Door
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 900
  • Garage Type: None
  • Heat: Wood
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 2
  • Year Built: 1998
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom 1 Level: yes
  • Formal Dining: Combine with Kitchen
  • 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: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Total Fin Square Footage: 900
  • Exercise Room Level2: Main

Exterior Features

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

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Power Company: Lake Country Power
  • Sewer: None, Outhouse
  • Water: Private

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 600 x 800
  • Estimated Number of Acres: 5.75
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, BWCA Area
  • Parcel Number: 28-6311-18045, 28-6375-18315, 18270
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 993.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2016
Closed on
Jun 2, 2017
Sold by
Simon Lynda L and Simon Fred A
Bought by
Mead Daniel G and Mead Renee D
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$119,000
Sold Price
$119,000
Current Estimated Value
$263,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,641
Avg. Annual Appreciation
9.55%
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
Mead Daniel G $119,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2017 06/02/17 Sold $119,000 0.0% $132 / Sq Ft
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®

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

Agents Affiliated with this Home

  • Jeff Hway

    Seller's Agent in 2017

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    160 Total Sales

    Jeff Hway
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6021277

APN: 28-6311-18045

Minnesota Lake County Ely 55731

296 Shady Ln, Ely, MN

Not Listed for Sale

Detached

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