NOT LISTED FOR SALE

413 Sunset Rd Ely, MN 55731

Estimated Value: $464,711 - $561,000

2 Beds
2 Baths
1,320 Sq Ft
$393/Sq Ft Est. Value

Last Sold July 30, 2021

Last sale price $365,000 $277 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,970/month

3 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Lake, Pond or Stream
  • Docks
  • Lake View
  • Traditional Architecture

About This Home

As of July 2021

Private setting on White Iron Lake with a 2 bedroom lake home, 2 car garage, level shoreline and western views. The main level of this 1,600 square foot home has 2 bedrooms, 2 bath, living room, kitchen and dining room. Coming in from the entry sunroom, you will find the spacious living room which has a free standing wood fireplace and large windows overlooking the lake. Master bedroom has a private 3/4 bath with laundry facilities and lakeside entry. The walkout basement has a finished family room complete with wood fireplace. The front of the home has a level yard down to +-164' of lakeshore where you will find a dock and plenty of recreational opportunities. Part of the garage is insulated and has a wood stove for heating. White Iron Lake is a part of a larger chain of lakes and is just a few miles from Ely.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 06/01/2021

Last Buyer's Agent

Jeff Hway

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,719

Year Built

  • Built in 1972

Lot Details

  • 1.1 Acre Lot
  • Lot Dimensions are 300 x 165
  • Private Waterfront
  • 164 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Level Lot
  • Many Trees

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Lower Floor Utility Room
  • Utility Room
  • Lake Views
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Partially Finished Basement

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

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Docks
  • Lake, Pond or Stream
  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Wood
  • Baseboard Heating
  • Sand Point Well
  • Electric Water Heater
  • Mound Septic
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 28-6272-05020

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,719

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: East from Ely on Highway #169 to Kawishiwi Trail. Follow for 3.5 miles to Sunset Road. Follow Sunset Road to Fire #413 on your right.
  • Waterfront Info Lake Chain: Yes
  • L O1 Office Phone1 Number: 218-365-3665
  • List Price/ Sq Ft: 276.52
  • Road Maintenance: Public
  • ShorelineCharacteristics: Rocky, Shore-Accessible
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: Ductless Mini Split
  • Reso Association Amenities: Main Floor Laundry
  • Amenities Exterior: Dock, Patio
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 984
  • Below Grade Finished Sq Ft: 336
  • Garage Type: Detached
  • Heat: Baseboard, Fireplace, Forced Air, Wood, Electric
  • Fireplaces: 2
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Family Room
  • TotalBedrooms: 2
  • Year Built: 1972
  • Level 1 Bedroom: Main
  • RoomLevel3: Lower
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Lower
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Partially Finished, Walkout, Family/Rec Room, Fireplace, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Master
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Enclosed Porch
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Kitchen
  • Bedroom 5: Master Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Den/Office
  • Room 8: Utility Room
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1320
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 164
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 27 x 31

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Mound
  • Water: Sand Point

Schools

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

Lot Info

  • Geo Update Timestamp: 2021-06-01
  • Estimated Lot Dimensions: 300 x 165
  • Estimated Number of Acres: 1.1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, Level, BWCA Area
  • Parcel Number: 28-6272-05020
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2718.62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2021
Closed on
Jul 22, 2021
Sold by
Jennings Leonard P and Jennings Mary L
Bought by
Thomas John R and Thomas Leslie L
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$365,000
Sold Price
$365,000
Current Estimated Value
$518,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,178
Avg. Annual Appreciation
6.38%
Original Mortgage
$292,000
Outstanding Balance
$268,366
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$201,036
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
Thomas John R $365,000 None Available
Thomas John John $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thomas John R $292,000
Previous Owner Jenning Leonard P $158,000
Closed Thomas John John $292,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2021 07/30/21 Sold $365,000 0.0% $277 / Sq Ft
06/04/2021 06/04/21 Pending -- -- --
06/01/2021 06/01/21 For Sale $365,000 -- $277 / 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 $1,769 $454,500 $184,200 $270,300
2023 $1,724 $432,100 $161,800 $270,300
2022 $2,719 $381,400 $163,800 $217,600
2021 $2,719 $306,100 $157,000 $149,100
2020 $2,786 $236,500 $157,000 $79,500
2019 $280 $251,900 $172,400 $79,500
2018 $2,934 $276,600 $172,400 $104,200
2017 $2,621 $286,400 $180,800 $105,600
2016 $2,602 $261,600 $172,400 $89,200
2015 $2,612 $260,600 $172,400 $88,200
2014 $2,612 $0 $0 $0
2013 $2,537 $0 $0 $0
2012 $2,462 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6097211

APN: 28-6272-05020