NOT LISTED FOR SALE

3345 Wolf Lake Rd Ely, MN 55731

Estimated Value: $665,000 - $978,000

4.4 Acres
$193,844 Price per Acre
191,664 Sq Ft Lot

Last Sold November 04, 2022

Last sale price $499,950 $616 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,165/month

84 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • Elevated Lot
  • Memorial High School Rated 9+
  • No HOA
  • Many Trees

About This Lot

As of November 2022

Partially developed lot on the west end of Burntside Lake. There is a driveway that leads to the top of the hill and one of the potential building sites with elevated views through the tree tops. Just down the hill from the first building site would be another great spot to build a home with a walkout basement that puts you closer to the level shoreline. Once at the lakeshore, you have a large flat area with plenty of room for swimming, relaxing, games and overall entertainment. There is +-250' of shoreline that drops off just perfect, shallow enough for little ones but deep enough for a dock and boats. This larger +-4.4 acre lot is on year round public maintained road and has power at the back of the property. The site is surveyed and approved for septic.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 05/17/2022

Last Buyer's Agent

Chris Eilrich

Wildwoods Land Company Listed on: 05/17/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,126

Lot Details

  • 4.4 Acre Lot
  • Lot Dimensions are 220 x 925 x 250 x 625
  • Private Waterfront
  • 250 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Elevated Lot
  • Many Trees

Parking

  • Gravel Driveway

Property Views

  • Lake Views

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$3,126

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: West from Ely on Highway #169 to Wolf Lake Road. Follow Wolf Lake Road to fire #3343. Follow driveway and take a left at the first split. Just after you can see Burntside Lake, there will be a place to park on top of the hill on the right side of the driveway.
  • L O1 Office Phone1 Number: 218-365-3665
  • Renewal Options: Sell Entirely
  • RdBtwnWtrfrnt: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: Residential
  • Tax Year: 2022
  • Twp Number: 63N
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Out Buildings: Screenhouse
  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 250
  • Waterfront Name: Burntside

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Available Utilities: Electric
  • On Site Utilities: Electric
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 220 x 925 x 250 x 625
  • Estimated Number of Acres: 4.4
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Geo Subdivision: MN
  • Improvements: Survey Stakes
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, High, BWCA
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2018
Sold by
Young David D and Young Michelle S
Bought by
Young David D and Young Michelle S
Current Estimated Value
$852,912

Purchase Details

Closed on
Jul 13, 2007
Sold by
Young David D and Young Michelle S
Bought by
Burntside Property Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2007
Sold by
Young John P and Young Susan
Bought by
Young David D and Young Michelle S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2007
Sold by
Young Vanessa D
Bought by
Young James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$663,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 25, 2002
Sold by
Young Alice E
Bought by
Young Alice E and Young John P
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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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
Young David D -- None Available
Burntside Property Holdings Llc $645,000 Consolidated Title
Young David D $720,000 Consolidated T & A
Young James L -- Consolidated T & A
Young Alice E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Burntside Property Holdings Llc $423,000
Previous Owner Young David D $663,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2022 11/04/22 Sold $499,950 0.0% $616 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $499,950 -- $616 / 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
2024 $8,348 $811,800 $517,200 $294,600
2023 $8,348 $689,100 $487,900 $201,200
2022 $5,762 $582,200 $414,700 $167,500
2021 $5,960 $498,500 $352,500 $146,000
2020 $5,636 $498,500 $352,500 $146,000
2019 $5,526 $498,500 $352,500 $146,000
2018 $5,484 $496,500 $349,000 $147,500
2017 $5,532 $496,600 $349,100 $147,500
2016 $5,668 $496,600 $349,100 $147,500
2014 $5,714 $516,500 $372,500 $144,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    149 Total Sales

    Chris Eilrich
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6102863

APN: 465004005058

Minnesota St Louis County Ely 55731

3345 Wolf Lake Rd, Ely, MN

Not Listed for Sale

Lots

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