NOT LISTED FOR SALE

3244 Shady Rest Ely, MN 55731

Estimated Value: $612,000 - $1,203,000

2.23 Acres
$391,471 Price per Acre
97,139 Sq Ft Lot

Last Sold July 26, 2018

Last sale price $165,000

Est. 429% increase in value since last sale

Current estimated payment $4,898/month

69 Days on Market

About This Lot

As of July 2018

Well Maintained Year Round Road To This Private Boundary-Waters-Like Homesite, Just 8 Mi To Ely. 200 Degree 1.5 Mile Water Views, 420 Ft Excellent Swimming Shoreline, Private 2.23 Acre Point At The Edge Of The BWCA. White Iron is a 3,246 acre lake, 47 ft deep & part of a continuous waterway extending through Silver Rapids into Farm, South Farm & Garden Lakes & the North Kawishiwi River (S Farm & N Kawishiwi within BWCA), offering exceptional family recreation, motor boating, paddling, fishing. Property offers prime features for building your nest: great building site w/high ground, beautiful trees & gradual elevation to the water—cabin or lake home could be positioned just 75 ft from water--underground electricity at road, telephone, fiber optic, site reviewed for septic , driveway roughed in, shared private launch nearby. Ideal location awaiting your retreat. Peaceful.

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc License #40298563 Listed on: 04/01/2018

Last Buyer's Agent

Member Non

NON-MEMBER

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,192

Lot Details

  • 2.23 Acre Lot
  • Lot Dimensions are 400 x 200
  • Lake Front
  • Irregular Lot
  • Lot Has A Rolling Slope

Property Details

Property Type

Land

Est. Annual Taxes

$3,192

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Irregular Lot Size: Yes
  • Lvt Date: 04/01/2018
  • Real Estate Tax: 3191.62
  • Type: Waterfront
  • Lot Size Length: 400
  • Lot Size Width: 200
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: White Iron
  • Waterfront: 1 - Lake

Lot Info

  • Number Of Acres: 2.23
  • Zoning: RES
  • Topography: Rolling

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2018
Closed on
Jul 26, 2018
Sold by
Latimer James R and Latimer Laurie A
Bought by
Devos Michael J and Devos Heldemarle
Seller's Agent
Lisa Janisch
Janisch Realty Inc
Buyer's Agent
Member Non
NON-MEMBER
List Price
$199,000
Sold Price
$165,000
Premium/Discount to List
-$34,000
-17.09%
Current Estimated Value
$872,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$707,980
Avg. Annual Appreciation
25.06%
Original Mortgage
$132,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Devos Michael J $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Devos Michael J $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2018 07/26/18 Sold $165,000 -17.1% --
06/09/2018 06/09/18 Pending -- -- --
04/01/2018 04/01/18 For Sale $199,000 -- --
Source: Range Association of 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 $4,046 $660,900 $257,000 $403,900
2024 $2,489 $656,200 $257,000 $399,200
2023 $2,205 $626,500 $225,400 $401,100
2022 $2,809 $526,600 $223,800 $302,800
2021 $2,127 $361,700 $214,100 $147,600
2020 $3,647 $284,100 $214,100 $70,000
2019 $3,533 $346,500 $346,500 $0
2018 $3,774 $346,500 $346,500 $0
2017 $3,504 $365,800 $365,800 $0
2016 $3,492 $346,600 $346,600 $0
2015 $3,491 $346,600 $346,600 $0
2014 $3,491 $0 $0 $0
2013 $3,532 $0 $0 $0
2012 $3,489 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Janisch

    Seller's Agent in 2018

    Lisa Janisch

    Janisch Realty Inc

    (218) 780-6644

    303 Total Sales

    Lisa Janisch
    Section Image

  • M

    Buyer's Agent in 2018

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 134155

Range Association of REALTORS®

APN: 28-6225-01040

Minnesota Lake County Ely 55731

3244 Shady Rest, Ely, MN

Not Listed for Sale

Lots

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