NOT LISTED FOR SALE

409 Barrel Rd Ely, MN 55731

Estimated Value: $180,000 - $477,000

1 Bed
-- Bath
560 Sq Ft
$637/Sq Ft Est. Value

Last Sold July 23, 2024

Last sale price $465,000 $830 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $2,213/month

5 Days on Market

Highlights

  • Private Waterfront
  • Deck
  • Traditional Architecture
  • Lake View
  • Vaulted Ceiling
  • Balcony

About This Home

As of July 2024

Enjoy the sounds of the Kawishiwi Falls and the views of the Northern Lights from this cabin on the south side of Fall Lake. Located at the end of the road and just a couple hundred yards from a large set of cascading waterfalls is this 2 story cabin/garage. The main level is a 2 car insulated garage and a room plumbed for a small bathroom. The second level has an open living kitchen area and 1 bedroom that can be closed off. The property has +- 3.4 acres and +-200' of shoreline with a floating dock. There is a good building site on the lakeside of the garage for a future home and the second level of the garage could be used as a bunkhouse, storage or workshop.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 05/16/2024

Co-Listed By

Don Stocks

Wildwoods Land Company

Last Buyer's Agent

Don Stocks

Wildwoods Land Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,133

Year Built

  • Built in 2008

Lot Details

  • 3.4 Acre Lot
  • Lot Dimensions are 200 x 374 x 434 x 412
  • Private Waterfront
  • 200 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Additional Land

HOA Fees

  • $79 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1 Bedroom
  • 560 Sq Ft Home
  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Wood Frame Window
  • Living Room
  • Open Floorplan
  • Lake Views
  • Kitchen Island

Parking

  • 2 Car Attached Garage
  • Tuck Under Garage
  • Gravel Driveway

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Heating System Uses Wood
  • Baseboard Heating
  • Water Not Available
  • Not Connected to Sewer

Community Details

  • Association fees include snow removal

Listing and Financial Details

  • Assessor Parcel Number 28-6368-01010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,133

Year Built

Built in 2008

Lot Details

0

HOA Fees

$79 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely....head out to the Fernberg Road....third driveway on your left after crossing Garden Lake Bridge. Barrell Road. Signs on property.
  • L O1 Office Phone1 Number: 218-365-3665
  • List Price/ Sq Ft: 830.36
  • Road Maintenance: Association
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: SF/Attached
  • Tax Year: 2024
  • Twp Number: 63N
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Ceiling Fans, Kitchen Center Island, Natural Woodwork, Vaulted Ceilings
  • Amenities Exterior: Balcony
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 560
  • Garage Type: Attached, Tuckunder
  • Heat: Baseboard, Fireplace, Wood, Electric
  • Fireplaces: 1
  • MainFloorBath: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Deck
  • TotalBedrooms: 1
  • Year Built: 2008
  • Level 1 Bedroom: Second Floor
  • RoomLevel3: Second Floor
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: None
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Total Fin Square Footage: 560
  • Exercise Room Level2: Second Floor

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 200
  • Waterfront Name: Fall
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Plumbing, Slab
  • Garage Capacity: 2

Utilities

  • Power Company: Lake Country Power
  • Sewer: None
  • Water: None

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 942.67

Fee Information

  • Association Fee Includes: Other, Snow Removal

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2024-05-17
  • Estimated Lot Dimensions: 200 x 374 x 434 x 412
  • Estimated Number of Acres: 3.4
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Additional Land Available, BWCA Area
  • Parcel Number: 28-6368-01010
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2133

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2024
Closed on
Jul 19, 2024
Sold by
Allete Inc
Bought by
Hegberg Bruce and Abraham Eugene
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Don Stocks
Wildwoods Land Company
List Price
$475,000
Sold Price
$465,000
Premium/Discount to List
-$10,000
-2.11%
Views
8
Current Estimated Value
$356,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$108,022
Avg. Annual Appreciation
-21.02%
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
Hegberg Bruce $174,777 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2024 07/23/24 Sold $465,000 -2.1% $830 / Sq Ft
05/21/2024 05/21/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $475,000 -- $848 / 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
2025 $2,320 $328,500 $196,400 $132,100
2024 $1,298 $328,500 $196,400 $132,100
2023 $1,299 $317,100 $183,500 $133,600
2022 $2,371 $287,400 $183,500 $103,900
2021 $2,312 $257,900 $174,900 $83,000
2020 $2,730 $246,200 $176,900 $69,300
2019 $2,744 $271,000 $201,000 $70,000
2018 $2,895 $271,000 $201,000 $70,000
2017 $2,611 $282,700 $211,900 $70,800
2016 $2,609 $260,600 $201,000 $59,600
2015 $2,815 $261,300 $201,600 $59,700
2014 $2,815 $0 $0 $0
2013 $2,800 $0 $0 $0
2012 $2,707 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Chris Eilrich

    Wildwoods Land Company

    (218) 343-6169

    148 Total Sales

    Chris Eilrich
    Section Image
  • Don Stocks

    Seller Co-Listing Agent in 2024

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    105 Total Sales

    Don Stocks
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6113722

APN: 28-6368-01010

Minnesota Lake County Ely 55731

409 Barrel Rd, Ely, MN

This home is located at 409 Barrel Rd, Ely, MN 55731 since 16 May 2024 and is currently estimated at $356,978, approximately $637 per square foot. This property was built in 2008. 409 Barrel Rd is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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