NOT LISTED FOR SALE

404 Shady Ln Ely, MN 55731

Estimated Value: $736,711 - $1,136,000

3 Beds
2 Baths
2,614 Sq Ft
$342/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $550,000 $210 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,392/month

369 Days on Market

Highlights

  • Private Waterfront
  • Sauna
  • Heated Floors
  • Docks
  • Panoramic View
  • Deck

About This Home

As of October 2020

Secluded Like-New Boundary Waters Lake Home Custom Built By Tholen Construction Offers Main Flr Living, Sandy Swimming, Private Gradual Lot! Set on 2.3 acres & 220 ft S-facing shoreline on Fall Lake w/opposite shoreline the waterfall, just 7 mi to Ely & a short paddle from your dock into the BWCAW! Built 2006, 2614 SF, 3BR/2 BTH, steel siding & roof, 3 car gar, sauna at waters edge, 4 yr old dock. Vaulted great rm w/wood flrs, firepl front gas stove, natural light & sunsets pouring in floor-ceiling glass, full length vaulted sun rm, wrap around lakefront deck. Maple kitch w/Silestone counters & island open to great rm, dining & sun rm—all lakeside. Main flr: Lake view king BR; Kohler bth w/2 sinks, walk in shower; closet plumbed for laundry. Walkout LL: fam rm, 2 huge BRs, full bth, den, laundry, lakeside patio & screen porch. Economical in flr heat. Wooded grounds w/open yard lakeside for activities. Peaceful. Click link for 3D Tour!

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc. Listed on: 08/21/2019

Last Buyer's Agent

Kerry Davis

Canoe Capital Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,276

Year Built

  • Built in 2006

Lot Details

  • 2.3 Acre Lot
  • Lot Dimensions are 451x200
  • Private Waterfront
  • 220 Feet of Waterfront
  • Lake Front
  • Irregular Lot

Property Views

  • Lake
  • Panoramic

Home Design

  • 2-Story Property
  • Slab Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Metal Roof
  • Steel Siding

Interior Spaces

  • 2,614 Sq Ft Home
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Free Standing Fireplace
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Utility Room
  • Sauna
  • Home Gym

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Heated Floors

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Docks
  • Deck
  • Enclosed Patio or Porch

Utilities

  • No Cooling
  • Dual Heating Fuel
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Private Water Source
  • Gas Water Heater
  • Water Softener is Owned
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 28-6372-17020

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,276

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, E on Hwy 169, L on Grant McMahan Blvd, R on Winton Rd, L on Cedar Lake Road, R on Cloquet Line, R on Shady Lane to Fire Number
  • L O1 Office Phone1 Number: 218-780-6644
  • List Price/ Sq Ft: 210.41
  • ShorelineCharacteristics: Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Twp Number: 63
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Natural Woodwork, Sauna, Vaulted Ceilings, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Dock, Patio, Porch
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2614
  • Garage Type: Detached
  • Heat: Baseboard, Dual Fuel/Off Peak, Fireplace, In Floor, Natural Gas, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Room 10: Laundry Room
  • Bedroom 3: Family Room
  • TotalBedrooms: 3
  • Year Built: 2006
  • Level 1 Bedroom: Upper
  • RoomLevel10: Main
  • RoomLevel3: Main
  • RoomLevel4: Upper
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Upper
  • RoomLevel9: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Material: Poured Concrete
  • Basement Style: Slab
  • Bathroom 1 Level: main
  • Level 2 Three Quarter Bathrooms: main
  • Bathroom 3 Level: lower
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen, Informal Dining Room
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Fitness Room
  • Room 8: 4 Season Porch
  • Room 9: Utility Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2614
  • Exercise Room Level2: Upper

Exterior Features

  • Out Buildings: Sauna
  • Road Frontage: Paved
  • Waterfront Access: Private
  • Water Frontage In Feet: 220
  • Waterfront Name: Fall
  • Construction Status: Previously Owned
  • Exterior: Steel

Garage/Parking

  • Garage Capacity: 3
  • ParkingFeaturesGarageDimensions: 36x30

Utilities

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

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2019-08-21
  • Estimated Lot Dimensions: 451x200
  • Estimated Number of Acres: 2.3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Irregular Lot
  • Parcel Number: 28-6372-17020
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4275.66

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2019
Closed on
Sep 28, 2020
Sold by
Leba Richard S and Leba Nancy M
Bought by
Rushlow David R and Rushlow Kial J
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$550,000
Sold Price
$550,000
Current Estimated Value
$893,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$343,678
Avg. Annual Appreciation
10.09%
Original Mortgage
$467,500
Outstanding Balance
$415,816
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$477,862

Purchase Details

Listed on
Aug 21, 2019
Closed on
Sep 21, 2020
Sold by
Pope Judith A
Bought by
Leba Richard S and Leba Nancy M
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$550,000
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$467,500
Outstanding Balance
$415,816
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$477,862

Purchase Details

Listed on
Jul 20, 2015
Closed on
Aug 14, 2015
Sold by
Abney Marilyn Marilyn
Bought by
Leba Richard Richard
Seller's Agent
Lisa Janisch
Janisch Realty Inc
Buyer's Agent
Lisa Janisch
Janisch Realty Inc
Sold Price
$552,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.07%
Original Mortgage
$205,537
Interest Rate
3.94%
Source: Public Records

Range of Values:

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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
Rushlow David R $550,000 None Available
Leba Richard S -- None Available
Leba Richard Richard $552,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rushlow David R $467,500
Closed Leba Richard S $467,500
Previous Owner Leba Richard Richard $205,537
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2020 10/05/20 Sold $550,000 0.0% $210 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/21/2019 08/21/19 For Sale $550,000 -0.4% $210 / Sq Ft
08/17/2015 08/17/15 Sold $552,000 -- $211 / Sq Ft View Prior Sale
07/20/2015 07/20/15 Pending -- -- --
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
2025 $8,018 $989,900 $227,300 $762,600
2024 $5,039 $997,500 $227,300 $770,200
2023 $4,596 $984,600 $213,500 $771,100
2022 $5,792 $813,300 $213,500 $599,800
2021 $3,747 $595,000 $204,300 $390,700
2020 $4,276 $457,000 $174,400 $282,600
2019 $4,254 $458,300 $195,500 $262,800
2018 $4,408 $481,500 $195,500 $286,000
2017 $3,778 $494,200 $205,100 $289,100
2016 $3,863 $438,700 $195,500 $243,200
2015 $3,965 $458,300 $195,500 $262,800
2014 $3,965 $0 $0 $0
2013 $3,554 $0 $0 $0
2012 $3,310 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6085763

APN: 28-6372-17020