NOT LISTED FOR SALE

3488 N Arm Rd Ely, MN 55731

Estimated Value: $692,000 - $740,000

3 Beds
0.5 Bath
986 Sq Ft
$728/Sq Ft Est. Value

Last Sold October 18, 2024

Last sale price $705,000 $715 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,154/month

12 Days on Market

Highlights

  • 1,140 Feet of Waterfront
  • Docks
  • Spa
  • Memorial High School Rated 9+
  • Beach Access
  • Sauna

About This Home

As of October 2024

Award-winning architect, David Salmela's creative and functional design of this 3 bedroom, 1/2 bath cabin showcases the natural beauty of this spectacular North Arm location on highly sought after Burntside Lake. Cabin is located at the water's edge with a classic up north ledgerock point to enjoy your coffee while watching loons and eagles! Vaulted ceilings and wall-to-wall windows provide wonderful light and air throughout the cabin with lake views from every room! Experience an unmatched natural view with hundreds of acres of public land making up the shoreline across the bay. The finest materials and craftsmanship are evident in this minimal maintenance getaway including Black Statelite siding, a metal roof, and exclusive H windows. This is a place you need to see in person to feel how special it is! The cabin is part of the Kewanena Association. Benefit from shared property of nearly 9 acres and 1,140' of beautiful shoreline. Common use elements also include a beach, sauna, walking trails throughout the property, and a private road/driveway. Additional contiguous land (0.76 acres , 190' of shoreline) is available to purchase for added lakefront and privacy!

Last Agent to Sell the Property

Connie Coughlin

Bear Island Realty LLC Listed on: 08/16/2024

Last Buyer's Agent

Connie Coughlin

Bear Island Realty LLC Listed on: 08/16/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,619

Year Built

  • Built in 2008

Lot Details

  • 9 Acre Lot
  • Lot Dimensions are 344 x 1140
  • 1,140 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Unpaved Streets
  • Landscaped with Trees

HOA Fees

  • $83 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 986 Sq Ft Home
  • Multi-Level Property
  • Ceiling Fan
  • Gas Fireplace
  • Vinyl Clad Windows
  • Combination Dining and Living Room
  • Sauna
  • Lake Views

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 0.5 Bathroom

Parking

  • No Garage
  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • Spa
  • Beach Access
  • Docks
  • Shared Waterfront
  • Deck
  • Storage Shed

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Water Filtration System
  • Private Water Source
  • Fuel Tank
  • Sewer Holding Tank
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 465-0115-00001, 465-0115-00050

Community Details

Overview

  • Association fees include shared amenities

Amenities

  • Sauna

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,619

Year Built

Built in 2008

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy 169 to Grant McMahan Blvd. Turn left and follow for 2.3 miles to the Echo Trail. Turn right and follow for 8.6 miles to North Arm Road. Turn left, continue for 4.4 miles. Turn left into the Kewanena driveway. Take first right and follow to end of the driveway to the Johnson Cabin sign. Cabin is on your left.
  • InternetOptions: Satellite
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Association, Public, See Remarks
  • ShorelineCharacteristics: Rocky, Sand, Shore-Accessible, Shore-Beach
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Hardwood Floors
  • Amenities Exterior: Deck, Dock
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 986
  • Garage Type: None
  • Heat: Fireplace, In Floor, Propane, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 2008
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Second Floor
  • RoomLevel7: Second Floor
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Refrigerator, Range/Stove
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Posts
  • Bathroom Description: 1/2 Main Floor
  • Formal Dining: Combine with Living Room
  • Extra Rooms: Spa/Sauna
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Primary Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 986
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Sauna, Storage Shed
  • Road Frontage: County, Unpaved
  • Waterfront Access: Shared
  • Water Frontage In Feet: 1140
  • Waterfront Name: Burntside
  • Construction Status: Previously Owned
  • Exterior: Other
  • Window Features:Insulated Windows: Vinyl Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel, Driveway - Shared

Utilities

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

Condo/Co-op/Association

  • Shared: Sauna
  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 1000

Fee Information

  • Association Fee Includes: Shared Amenities

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 344 x 1140
  • Estimated Number of Acres: 9
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium
  • Parcel Number: 465-0115-00001, 465-0115-00050
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3619

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2024
Closed on
Oct 10, 2024
Sold by
Claryce B Johnson Revocable Trust and Claryce B Johnson Living Trust
Bought by
Hubbell Alexander M and Hubbell Kendra L
Seller's Agent
Connie Coughlin
Bear Island Realty LLC
Buyer's Agent
Connie Coughlin
Bear Island Realty LLC
List Price
$600,000
Sold Price
$705,000
Premium/Discount to List
$105,000
17.5%
Views
12
Current Estimated Value
$717,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,662
Avg. Annual Appreciation
1.48%
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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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
Hubbell Alexander M $705,000 Northeast Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2024 10/18/24 Sold $705,000 +17.5% $715 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
08/16/2024 08/16/24 For Sale $600,000 -- $609 / 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 $3,858 $408,900 $267,300 $141,600
2023 $3,858 $393,700 $252,200 $141,500
2022 $3,704 $332,000 $214,300 $117,700
2021 $3,404 $284,600 $182,200 $102,400
2020 $3,214 $284,600 $182,200 $102,400
2019 $3,230 $284,800 $182,200 $102,600
2018 $3,222 $287,900 $191,000 $96,900
2017 $3,240 $287,800 $190,900 $96,900
2016 $3,310 $287,800 $190,900 $96,900
2015 $3,320 $297,900 $201,000 $96,900
2014 $3,320 $294,200 $197,600 $96,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6115589

APN: 465011500050