NOT LISTED FOR SALE

3061 E Arm Rd Ely, MN 55731

Estimated Value: $1,784,000 - $2,154,000

4 Beds
3.5 Baths
4,980 Sq Ft
$388/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $1,750,000 $351 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $11,304/month

46 Days on Market

Highlights

  • 150 Feet of Waterfront
  • Beach Access
  • Family Room with Fireplace
  • Memorial High School Rated 9+
  • Second Kitchen
  • Main Floor Primary Bedroom

About This Home

As of August 2024

Nestled gracefully along the shores of Burntside Lake, this property merges luxury with the untamed beauty of the Northwoods. The meticulously crafted log home boasts main level living with plenty of additional space to host family or guests. The home showcases a generous wrap-around deck & patio that seamlessly transitions to indoor spaces, ideal for both intimate evenings & grand gatherings. With its westward view, evenings are bathed in golden sunsets with the calls of loons echoing across the waters. At the water's edge, you'll find a Finnish sauna, 150 feet of shoreline, a sandy beach, a pristine lake bottom & a private dock. Sunlight illuminates the remodeled main floor interior, the mature red & white pine trees, gardens & the flat yard, creating the perfect setting for lasting memories. Situated just off the Echo Trail and a quick 13-minute drive to the charming town of Ely, it’s a retreat like no other!

Last Agent to Sell the Property

Abby Andrusko

Engel & Volkers Lake Minnetonka Listed on: 05/16/2024

Engel & Volkers Lake Minnetonka

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,033

Year Built

  • Built in 1997

Lot Details

  • 1.98 Acre Lot
  • Lot Dimensions are 150x307x520x438
  • 150 Feet of Waterfront
  • Lake Front
  • The property's road front is unimproved
  • Street terminates at a dead end
  • Unpaved Streets
  • Many Trees

Parking

  • 3 Car Attached Garage
  • Parking Storage or Cabinetry
  • Garage Door Opener
  • Guest Parking

Home Design

  • Flex
  • Slab Foundation
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Wood Burning Fireplace
  • Stone Fireplace
  • Electric Fireplace
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Room
  • Library

Kitchen

  • Second Kitchen
  • Range
  • Dishwasher
  • Wine Cooler
  • Disposal
  • The kitchen features windows

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Bathroom

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Outdoor Features

  • Beach Access

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • 100 Amp Service
  • Well
  • Drilled Well
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Petes Burntside Park Town Of Morse Subdivision

Listing and Financial Details

  • Assessor Parcel Number 465020000060

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,033

Year Built

Built in 1997

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Drilled, Well
  • Year Built: 1997
  • Above Grade Finished Sq Ft: 3190
  • Water Body Name: Burntside
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Daylight/Lookout Windows, Finished, Full, Concrete, Slab, Storage Space, Walkout
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer, Wine Cooler
  • Fireplace Features: Electric, Family Room, Living Room, Stone, Wood Burning
  • Living Area: 4980
  • Below Grade Finished Sq Ft: 1790
  • Basement YN: Yes
  • Dining Room Type: Kitchen, Living Room, Dining Room, Bedroom 1, Primary Bathroom, Library, Family Room, Bedroom 2, Bedroom 3, Bar/Wet Bar Room, Kitchen- 2nd, Bedroom 4, Flex Room

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • PoolFeatures: None
  • Fencing: None
  • View: Lake, South, West
  • Other Structures: Additional Garage, Sauna, Storage Shed
  • Lake Bottom: Rocky,Sand
  • LakeChain: N
  • Waterfront Frontage: 150

Garage/Parking

  • Parking Features: Attached Garage, Covered, Detached, Gravel, Asphalt, Garage Door Opener, Guest Parking, Storage

Utilities

  • Heating: Baseboard, Forced Air, Fireplace(s)
  • Sewer: Holding Tank, Mound Septic
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Electric,Propane

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Ceiling Fan(s),Deck,Dock,French Doors,Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Main Floor Primary Bedroom,Natural Woodwork,Patio,Panoramic View,Sauna,Security Lights,Tile Floors,Vaulted Ceiling(s),Washer/Dryer Hookup,Wet Bar,Walk-In Closet

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 150x307x520x438
  • Lot Size Sq Ft: 86248.8
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Log

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 465020000060
  • Tax Annual Amount: 11033
  • TaxWithAssessments: 11118.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jul 31, 2024
Sold by
Scott William and Scott Martha
Bought by
Filson Bruce and Filson Joan
Seller's Agent
Abby Andrusko
Engel & Volkers Lake Minnetonka
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$1,899,000
Sold Price
$1,750,000
Premium/Discount to List
-$149,000
-7.85%
Views
26
Current Estimated Value
$1,930,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,647
Avg. Annual Appreciation
7.32%

Purchase Details

Closed on
Jan 21, 2008
Sold by
Erickson Janice K and Erickson Robert
Bought by
Scott William J and Scott Martha C

Purchase Details

Closed on
May 30, 2003
Sold by
Erickson Robert and Erickson Janice K
Bought by
Roloff William R and Roloff Patricia M
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
Filson Bruce $1,750,000 --
Scott William J $1,500,000 Ne Title
Roloff William R $68,000 Consolidated
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Roloff William R $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2024 08/05/24 Sold $1,750,000 -7.8% $351 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $1,899,000 -- $381 / 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
2024 $13,898 $1,287,200 $342,800 $944,400
2023 $13,898 $1,154,700 $336,100 $818,600
2022 $12,320 $967,000 $286,400 $680,600
2021 $10,800 $837,600 $244,200 $593,400
2020 $10,022 $837,600 $244,200 $593,400
2019 $9,794 $837,600 $244,200 $593,400
2018 $9,708 $838,600 $263,400 $575,200
2017 $9,796 $838,500 $263,300 $575,200
2016 $9,812 $838,500 $263,300 $575,200
2015 $9,855 $852,000 $276,800 $575,200
2014 $9,855 $852,300 $276,800 $575,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6537958

NorthstarMLS

APN: 465020000060