NOT LISTED FOR SALE

3203 3203 Shady Rest-- Ely, MN 55731

Estimated Value: $605,849 - $1,156,000

2 Beds
2.5 Baths
4,320 Sq Ft
$190/Sq Ft Est. Value

Last Sold April 01, 2013

Last sale price $346,000 $80 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $4,559/month

50 Days on Market

Highlights

  • Lake Front
  • Deck
  • Formal Dining Room
  • Beach Access
  • Gazebo
  • 2 Car Detached Garage

About This Home

As of April 2013

This amazing country home overlooking White Iron Lake features deeded acreage to the lake and gorgeous landscaping with beautiful decks, screened house and sitting areas providing maximum enjoyment in the breathtaking surroundings! This home has over 4,000 sq. ft. of truly elegant living space including a large LR, DR, and kitchen on the main level. The upper level features a large MBR w/ extra closets and a full MBA with a Jacuzzi bathtub. The basement includes a billiard room complete with antique billiard table, more family living space, and a bar. There is a BA on all three levels. Outdoor features are a 34 x 34 garage with a 10 ft. lean-to shed for additional storage, 12 x 14 screen porch w/ wood stove surrounded by decks and landscaped flower gardens, and a 12 x 24 guest cabin w/ it's own private driveway. Also included is a back-up generator which is able to power the electrical system in case of power outage. This property is truly unique, offering the best of the northwoods!

Last Agent to Sell the Property

Phil Hyde

Bear Island Land Co., Inc Listed on: 01/22/2013

Last Buyer's Agent

Phil Hyde

Bear Island Land Co., Inc Listed on: 01/22/2013

Home Details

Home Type

  • Single Family

Year Built

  • 1997

Lot Details

  • 2.96 Acre Lot
  • Lot Dimensions are 415 x 250
  • Lake Front
  • Property fronts a county road
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Frame Construction
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Formal Dining Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Beach Access
  • Deck
  • Patio
  • Gazebo
  • Storage Shed
  • Outhouse
  • Porch

Utilities

  • Dual Heating Fuel
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 28-6225-02010

Home Details

Home Type

Single Family

Year Built

1997

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: Homestead
  • Style: SF Single Family
  • Amenities: Walk-In Closet, Wet Bar
  • Amenities Exterior: Deck, Patio, Porch
  • Estimated Number of Acres: 2.96
  • Construction: Previously Owned
  • Dnr Lake Id Number: 69000400
  • Parcel Number: 28-6225-02010
  • Stories: 2 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1997

Interior Features

  • Dining Room: Formal Dining Room
  • Total Bedrooms: 2
  • Total Bathrooms: 3
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 3
  • Room 1: Living Room, 19x14.5, On Level: Main
  • Room 2: Dining Room, 12x14.5, On Level: Main
  • Room 3: Kitchen, 12.5x21, On Level: Main
  • Room 5: Master Bedroom, 19.5x15.5, On Level: Second Floor
  • Room 6: Bedroom, 9.5x11.5, On Level: Basement
  • Room 7: 9x11, On Level: Basement
  • Room 8: Rec Room, 14x16, On Level: Basement
  • Room 9: Spa/Sauna, 12x16, On Level: Basement
  • Basement Features: Finished, Walkout
  • Basement Material: Wood
  • Basement Style: Full, Walk-out
  • Finished Above Grade Sq Ft: 2880
  • Below Grade Finished Sq Ft: 1440
  • Total Fin Square Footage: 4320
  • Total Square Footage: 4320

Exterior Features

  • Frontage Road: County
  • LakeAcres: 3238.41
  • Waterfront Name: White Iron
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Out Buildings: Gazebo, Outhouse, Storage Shed
  • Waterfront: Yes
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Electric
  • Heat: Dual Fuel/Off Peak
  • Sewer: Private
  • Water: Private

Lot Info

  • Estimated Lot Dimensions: 415 x 250
  • Lot/Land Description: Accessible Shoreline, Landscaped, Tree Coverage - Medium

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2013
Closed on
Mar 21, 2013
Sold by
Burg Edward L and Burg Joyce H
Bought by
Campe Jo H and Wilson Catherine J
Seller's Agent
Phil Hyde
Bear Island Land Co., Inc
Buyer's Agent
Phil Hyde
Bear Island Land Co., Inc
List Price
$350,000
Sold Price
$346,000
Premium/Discount to List
-$4,000
-1.14%
Current Estimated Value
$821,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$475,462
Avg. Annual Appreciation
6.98%
Original Mortgage
$242,400
Outstanding Balance
$170,900
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$650,562

Purchase Details

Closed on
Dec 9, 2011
Sold by
Burg Edward L and Burg Joyce H
Bought by
Burg Edward L and Burg Joyce H
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Campe Jo H $335,000 Northeast Title Company
Burg Edward L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campe Jo H $242,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2013 04/01/13 Sold $346,000 -1.1% $80 / Sq Ft
03/13/2013 03/13/13 Pending -- -- --
01/22/2013 01/22/13 For Sale $350,000 -- $81 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $3,518 $501,400 $52,700 $448,700
2024 $1,983 $501,200 $55,600 $445,600
2023 $2,186 $484,500 $55,400 $429,100
2022 $2,928 $483,600 $53,800 $429,800
2021 $2,928 $382,700 $61,200 $321,500
2020 $2,242 $68,200 $62,300 $5,900
2019 $2,239 $214,800 $62,300 $152,500
2018 $2,277 $278,800 $59,200 $219,600
2017 $2,054 $280,600 $59,200 $221,400
2016 $2,009 $264,700 $64,900 $199,800
2015 $1,786 $265,700 $65,500 $200,200
2014 $1,786 $0 $0 $0
2013 $1,393 $0 $0 $0
2012 $1,384 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4432872

REALTOR® Association of Southern Minnesota

APN: 28-6225-02010