NOT LISTED FOR SALE

3538 Wolf Lake Rd Ely, MN 55731

Estimated Value: $323,000 - $1,068,969

2 Beds
1 Bath
749 Sq Ft
$1,052/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $800,000 $1,068 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,562/month

108 Days on Market

Highlights

  • Boathouse
  • Docks
  • Guest House
  • Private Waterfront
  • Beach Access
  • Sauna

About This Home

As of July 2021

Once in a lifetime opportunity to own your own private peninsula with 1175' of spectacular shoreline on Pristine Burntside Lake, undeniably one of the most beautiful lakes in the world. Set on 6.38 acres with beautiful mature pine, rock outcroppings, 2 points with amazing views, and a sandy swimming cove, it's like driving to your own private island. This property has been in the same family for generations and is on the market for the first time. The main home features 2 BRs, vaulted ceiling, gas log FP, and 2 enclosed porches, 1 with a wood- burning FP. You are instantly transported back in time when you enter the guest cabin which was hauled log by log from the BWCA and reassembled on site. Sauna, boathouse and 2+ stall garage complete this amazing property. Each structure is a stones throw away from waters edge. Make this property yours and enjoy the natural beauty and crystal waters of Burntside Lake.

Last Agent to Sell the Property

Sherry Zupancich Anderson

Vermilion Land Office, Inc Listed on: 03/15/2021

Last Buyer's Agent

Don Stocks

Wildwoods Land Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,319

Year Built

  • Built in 1930

Lot Details

  • 6.38 Acre Lot
  • Lot Dimensions are 875x279
  • Private Waterfront
  • 1,175 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Level Lot
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 749 Sq Ft Home
  • 2 Fireplaces
  • Living Room
  • Dining Room
  • Open Floorplan
  • Sauna
  • Lake Views
  • Crawl Space

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Boathouse
  • Docks
  • Enclosed Patio or Porch

Utilities

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

Additional Features

  • Wheelchair Ramps
  • Guest House
  • Island Location

Listing and Financial Details

  • Assessor Parcel Number 652-0010-05525

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,319

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 53 North to Hwy 169 to Tower-Soudan toward Ely to Wolf Lake Road to Fire # 3538.
  • Waterfront Info Lake Maximum Depth: 126
  • 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: 63
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Ada Features: Wheelchair Ramp
  • Air Conditioner: None
  • Amenities Exterior: Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 749
  • Garage Type: Detached
  • Heat: Fireplace, Forced Air, Wood, Propane
  • Fireplaces: 2
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1930
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Exhaust Fan/Hood, Microwave, Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Crawl Space, Slab
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Extra Rooms: Enclosed Porch, 3 Season Porch
  • Fireplace: Yes
  • Den Fireplace Type: Multiple - See Remarks
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Master Bedroom
  • Stories: 1 Story
  • Room 6: Porch
  • Total Bathrooms: 1
  • Total Fin Square Footage: 749
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 7313.87
  • Out Buildings: Boathouse, Sauna, Guesthouse
  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 1175
  • Waterfront Name: Burntside
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Slab
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 20x30

Utilities

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

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 875x279
  • Estimated Number of Acres: 6.38
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, Level, Island/Peninsula
  • Parcel Number: 652-0010-05525
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 6319

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Jul 15, 2021
Sold by
Lilya Daniel J and Lilya Sheryl
Bought by
Collins Casey and Collins Megan J
Seller's Agent
Sherry Zupancich Anderson
Vermilion Land Office, Inc
Buyer's Agent
Don Stocks
Wildwoods Land Company
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$787,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,010
Avg. Annual Appreciation
-0.34%
Original Mortgage
$400,000
Outstanding Balance
$159,042
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$628,948
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
Collins Casey $800,000 Northeast Title Company
Collins Casey Casey $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Casey $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $800,000 0.0% $1,068 / Sq Ft
07/01/2021 07/01/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $800,000 -- $1,068 / 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 $17,198 $1,575,500 $895,500 $680,000
2023 $17,198 $1,179,600 $844,800 $334,800
2022 $6,392 $849,500 $692,400 $157,100
2021 $6,404 $551,900 $456,700 $95,200
2020 $6,482 $551,900 $456,700 $95,200
2019 $6,200 $551,900 $456,700 $95,200
2018 $6,280 $544,800 $465,600 $79,200
2017 $6,316 $544,800 $465,600 $79,200
2016 $6,564 $544,800 $465,600 $79,200
2015 $6,555 $566,600 $489,800 $76,800
2014 $6,555 $586,300 $516,400 $69,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6095328

APN: 652001005525