NOT LISTED FOR SALE

3200 Shady Rest Ely, MN 55731

Estimated Value: $813,000 - $1,115,925

3 Beds
2 Baths
2,188 Sq Ft
$447/Sq Ft Est. Value

Last Sold August 26, 2019

Last sale price $550,000 $251 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $5,739/month

26 Days on Market

Highlights

  • Private Waterfront
  • Second Kitchen
  • Recreation Room
  • Docks
  • Lake View
  • Lake, Pond or Stream

About This Home

As of August 2019

Attractive 3 bedroom, 2 bath, log home on one of Ely's more popular lakes with great western views of lake. Home has wrap around covered deck and is wheelchair accessible. Fully finished walkout basement has a bedroom, 3/4 bath and its own kitchen. Basement could function as a separate living space. Large windows in living room allow good views of lake while sitting in front of the large stone wood burning fireplace. Loft is mainly a bedroom with a small reading room. All 3 bedrooms are large with plenty of closet space. Property includes a 2 stall log garage with full upstairs for office or storage space. A third log building is 32 x 24, is insulated and heated and could be used for a variety of purposes. It was originally a professional workshop. Property also has a circular driveway, compliant septic system, drilled well, level shoreline, good swimming area by dock and privacy.

Last Agent to Sell the Property

Phil Hyde

Bear Island Land Co., Inc Listed on: 07/01/2019

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,871

Year Built

  • Built in 1991

Lot Details

  • 2.22 Acre Lot
  • Lot Dimensions are 440 x 210
  • Private Waterfront
  • 210 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Elevated Lot
  • Street terminates at a dead end
  • Landscaped with Trees

Home Design

  • Log Cabin
  • Concrete Foundation
  • Fire Rated Drywall
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • Multi-Level Property
  • Paneling
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Wood Frame Window
  • Window Screens
  • Family Room
  • Living Room
  • Formal Dining Room
  • Recreation Room
  • Workshop
  • Utility Room
  • Washer and Dryer Hookup
  • Lake Views

Kitchen

  • Second Kitchen
  • Breakfast Bar

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 2 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Docks
  • Lake, Pond or Stream
  • Separate Outdoor Workshop
  • Lean-To Shed
  • Porch

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • Radiant Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Additional Features

  • Wheelchair Access
  • Energy-Efficient Windows

Listing and Financial Details

  • Assessor Parcel Number 28-6225-01090

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,871

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy 169 to Kawishiwi Trail. Turn right and follow to Sunset Road. Turn right and follow to Big Rock Road. Turn and follow to T intersection, look for property address.
  • Waterfront Info Lake Chain: Yes
  • Waterfront Info Lake Maximum Depth: 47
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Ada Features: Partially Wheelchair
  • Reso Association Amenities: Ceiling Fans, Garage Door Opener, Hardwood Floors, Tiled Floors, Vaulted Ceilings, Beamed Ceilings, Drywalls, Panelled Walls, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Dock, Porch
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1288
  • Below Grade Finished Sq Ft: 900
  • Garage Type: Detached
  • Heat: Baseboard, Boiler, Fireplace, Radiant, Propane
  • Fireplaces: 1
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1991
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Lower
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Basement Features: Finished, Walkout, Bath, Bedrooms, Family/Rec Room, Kitchen
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Basement, 3/4 Master, 1/2 Main Floor
  • Formal Dining: Breakfast Bar, Formal Dining Room
  • Extra Rooms: Family/Rec, Second Kitchen, Utility Room, Workshop
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Rec Room
  • Room 8: 2nd Kitchen
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2188
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 3249
  • Out Buildings: Lean-To, Workshop
  • Road Frontage: County, Dead End/No Outlet
  • Waterfront Access: Private
  • Water Frontage In Feet: 210
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Log
  • Window Features:Insulated Windows: Energy Windows, Screens, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 440 x 210
  • Estimated Number of Acres: 2.22
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, High
  • Parcel Number: 28-6225-01090
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional, FHA

Tax Info

  • Tax Amount: 4870.8

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2019 08/26/19 Sold $550,000 0.0% $251 / Sq Ft
07/27/2019 07/27/19 Pending -- -- --
07/01/2019 07/01/19 For Sale $550,000 -- $251 / 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
2025 $7,406 $1,019,000 $226,300 $792,700
2024 $4,236 $949,500 $240,500 $709,000
2023 $3,743 $927,900 $211,100 $716,800
2022 $5,575 $762,200 $209,500 $552,700
2021 $5,156 $576,700 $200,500 $376,200
2020 $4,918 $231,800 $200,500 $31,300
2019 $487 $247,000 $215,700 $31,300
2018 $5,069 $538,300 $215,700 $322,600
2017 $4,252 $552,100 $226,300 $325,800
2016 $4,175 $489,800 $215,700 $274,100
2015 $3,963 $492,800 $215,700 $277,100
2014 $3,963 $0 $0 $0
2013 $3,308 $0 $0 $0
2012 $3,247 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6084486

APN: 28-6225-01090