NOT LISTED FOR SALE

3509 E Lake Four Rd Ely, MN 55731

Estimated Value: $502,000 - $681,000

2 Beds
2 Baths
2,176 Sq Ft
$267/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $435,500 $200 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,492/month

8 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Deck
  • Docks
  • Lake View
  • Ranch Style House

About This Home

As of July 2021

Rare find on Eagles Nest Lake Four. Impeccably maintained retreat situated at waters edge on 280' of beautiful swimming shoreline. Main floor features include a spacious entry way, inviting kitchen which opens to dining/living room, lovely stone fireplace, cozy 3 season porch, wall of windows, and deck overlooking the water, washer & dryer, 2 baths and 2 bedrooms complete the main floor. The lower level walkout allows for easy access to the lake. Being sold furnished. Eagles Nest Lake Four is a 178 acre lake, with approximately 5 miles of pristine shoreline. This truly is a piece of paradise.

Last Agent to Sell the Property

Sherry Zupancich Anderson

Vermilion Land Office, Inc Listed on: 06/09/2021

Last Buyer's Agent

Darrin Young

Messina & Associates Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,591

Lot Details

  • 1.85 Acre Lot
  • Lot Dimensions are 318x240
  • Private Waterfront
  • 280 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Few Trees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • Gas Fireplace
  • Entrance Foyer
  • Family Room
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Docks
  • Deck

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 317-0110-00070,00080

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,591

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 169 to Tower to Bearhead State Park Road to left on Lake Four Road East to fire number/sign.
  • Waterfront Info Lake Maximum Depth: 49
  • L O1 Office Phone1 Number: 218-753-8985
  • PropAdjoinsPublicLand: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Sand, Shore-Accessible
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Twp Number: 62
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Foyer Entry, Main Floor Laundry
  • Amenities Exterior: Deck, Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1168
  • Below Grade Finished Sq Ft: 1008
  • Garage Type: Detached
  • Heat: Fireplace, Forced Air, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Partially Finished, Walkout, Family/Rec Room
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Living Room, Informal Dining Room
  • Extra Rooms: 3 Season Porch
  • 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: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Sunroom/Solarium
  • Room 7: Family Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2176
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 83
  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 280
  • Waterfront Name: Eagles Nest 4
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Slab
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 24x26

Utilities

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

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 318x240
  • Estimated Number of Acres: 1.85
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Light
  • Parcel Number: 317-0110-00070,00080
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3591

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Jul 25, 2021
Sold by
Ponto Michael A and Foulk Doug S
Bought by
Knights Daniel
Seller's Agent
Sherry Zupancich Anderson
Vermilion Land Office, Inc
Buyer's Agent
Darrin Young
Messina & Associates Real Estate
List Price
$435,500
Sold Price
$435,500
Current Estimated Value
$594,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,894
Avg. Annual Appreciation
6.75%
Original Mortgage
$290,500
Outstanding Balance
$263,985
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$318,033

Purchase Details

Closed on
Sep 15, 2008
Sold by
Berg David A and Berg Kimberly A
Bought by
Ponto Michael A and Foulk Doug S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,500
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2003
Sold by
Diessner Gretchen L
Bought by
Berg David A and Berg Kimberly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,750
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2001
Sold by
Kotchevar Philip J and Kotchevar Marlene J
Bought by
Diessner Gretchen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Knights Daniel $435,500 All American Title
Ponto Michael A $410,000 Northeast Title Company
Berg David A $360,000 Ne Title
Diessner Gretchen L $287,500 Consolidated Title & Abstrac
Knights Daniel Daniel $435,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knights Daniel $290,500
Previous Owner Ponto Michael A $348,500
Previous Owner Berg David A $240,750
Previous Owner Diessner Gretchen L $230,000
Closed Diessner Gretchen L $28,750
Closed Knights Daniel Daniel $290,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2021 07/19/21 Sold $435,500 0.0% $200 / Sq Ft
06/17/2021 06/17/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $435,500 -- $200 / 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 $4,532 $483,600 $159,600 $324,000
2023 $4,532 $356,800 $119,100 $237,700
2022 $3,036 $342,500 $119,100 $223,400
2021 $2,960 $247,700 $118,500 $129,200
2020 $3,134 $247,700 $118,500 $129,200
2019 $2,832 $257,900 $123,300 $134,600
2018 $2,918 $234,800 $112,900 $121,900
2017 $2,532 $234,800 $112,900 $121,900
2016 $2,742 $207,400 $101,400 $106,000
2015 $2,945 $224,700 $106,800 $117,900
2014 $2,945 $238,600 $113,100 $125,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Buyer's Agent in 2021

    Darrin Young

    Messina & Associates Real Estate

    (218) 393-4753

    124 Total Sales

    Darrin Young
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6097460

APN: 317011000070

Minnesota St Louis County Ely 55731

3509 E Lake Four Rd, Ely, MN

Not Listed for Sale

Detached

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