NOT LISTED FOR SALE

3501 E Lake Four Rd Ely, MN 55731

Estimated Value: $153,000 - $384,000

3 Beds
2 Baths
1,586 Sq Ft
$169/Sq Ft Est. Value

Last Sold August 01, 2018

Last sale price $300,000 $189 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $1,479/month

214 Days on Market

Highlights

  • 770 Feet of Waterfront
  • Barn
  • Panoramic View
  • Docks
  • Sauna
  • 2-Story Property

About This Home

As of August 2018

Secluded Lake Home At End Of Road, Adjoining Hundreds Of Acres Of State Land, Then Bear Head Lake State Park, Private Bay, Private Gradual Lot W/Towering Pines, Beautiful Views! Close to town, set on apx 10.5 acres & 770ft shoreline on the clear waters of Eagles Nest Lake 4, opposite shoreline pristine wilderness. 2,474 SF, 3B/2B home w/2 fireplaces, main floor bedroom & bath, sunroom w/glowing wood floors, glassed livingroom offers lots of natural light. Full dry basement w/high ceilings could be workshop, fam rm, addl bedrm. Coverd entry, private park like yard, dock, County approved septic, 2 stall garage plus workshop, 32 x 32 yr rnd guest cabin w/covered patio, wood shed, storage bldg, historic log cabin sauna by the lake! Click on link to view 3D Tour!

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc. Listed on: 12/01/2017

Last Buyer's Agent

Lisa Janisch

Janisch Realty Inc. Listed on: 12/01/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,638

Year Built

  • Built in 1969

Lot Details

  • 10.5 Acre Lot
  • Lot Dimensions are 1044x765
  • 770 Feet of Waterfront
  • Lake Front
  • Poultry Coop
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Many Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • 2-Story Property
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,586 Sq Ft Home
  • Woodwork
  • Gas Fireplace
  • Family Room
  • Combination Dining and Living Room
  • Sauna
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Dryer

Kitchen

  • Range
  • Recirculated Exhaust Fan

Bedrooms and Bathrooms

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

Parking

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

Outdoor Features

  • Docks
  • Porch

Farming

  • Barn

Utilities

  • No Cooling
  • Dual Heating Fuel
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Baseboard Heating
  • Private Water Source
  • Electric Water Heater
  • Private Sewer
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 317011000010, 20, 30, 001004070

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,638

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Hwy 169, S. on Bear Head State Park Rd., L. on E Lake Four Rd., R. at fork to end.
  • L O1 Office Phone1 Number: 218-780-6644
  • ShorelineCharacteristics: Gravel
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • Twp Number: 62
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Garage Door Opener, Hardwood Floors, Natural Woodwork, Sauna, Washer Hook-Ups
  • Amenities Exterior: Dock, Porch
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1586
  • Garage Type: Detached
  • Heat: Baseboard, Dual Fuel/Off Peak, Wood, Propane, Electric
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Dining Room
  • TotalBedrooms: 3
  • Year Built: 1969
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Exhaust Fan/Hood, Range/Stove, Refrigerator
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: main
  • Level 2 Three Quarter Bathrooms: upper
  • Bathroom Description: Full Master, Private Master
  • Formal Dining: Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Family Room
  • Main Residence Features:Family Room4: Kitchen
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1586
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Barn, Chicken Coop, Sauna
  • Water Frontage In Feet: 770
  • Waterfront Name: Eagles Nest 4
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

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

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 1044x765
  • Estimated Number of Acres: 10.5
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot, Tree Coverage - Heavy, Telephone, Rolling
  • Parcel Number: 317011000010, 20, 30, 001004070
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4638

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2017
Closed on
Jul 31, 2018
Sold by
Stone Charles P and Stone Danielle B
Bought by
Trail Johnson Karin S and Trail Johnson Douglas M
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
Lisa Janisch
Janisch Realty Inc.
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$268,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,500
Avg. Annual Appreciation
-1.52%
Original Mortgage
$100,000
Outstanding Balance
$60,507
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$207,993

Purchase Details

Closed on
Nov 19, 2010
Sold by
Stone Charles P and Stone Danielle B
Bought by
Stone Charles P and Stone Danielle B
Source: Public Records

Range of Values:

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Average Value
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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
Trail Johnson Karin S $300,000 None Available
Stone Charles P -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trail Johnson Karin S $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2018 08/01/18 Sold $300,000 0.0% $189 / Sq Ft
07/03/2018 07/03/18 Pending -- -- --
12/01/2017 12/01/17 For Sale $300,000 -- $189 / 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 $808 $91,800 $74,300 $17,500
2023 $808 $67,700 $54,700 $13,000
2022 $714 $67,000 $54,700 $12,300
2021 $692 $63,500 $54,700 $8,800
2020 $552 $63,500 $54,700 $8,800
2019 $610 $49,600 $39,000 $10,600
2018 $628 $55,400 $44,900 $10,500
2017 $564 $55,500 $45,000 $10,500
2016 $690 $49,000 $39,900 $9,100
2015 $948 $76,700 $75,200 $1,500
2014 $948 $81,600 $80,000 $1,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6032468

APN: 317011000030