NOT LISTED FOR SALE

4163 Migisi Rd Ely, MN 55731

Estimated Value: $509,000 - $618,000

2 Beds
2 Baths
1,400 Sq Ft
$416/Sq Ft Est. Value

Last Sold January 07, 2019

Last sale price $310,000 $221 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,394/month

29 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Lake View
  • Docks
  • Newly Remodeled
  • Heated Floors

About This Home

As of January 2019

Beautiful 2 bedroom, 2 bath, Voyageur Log Home. The kitchen features Hickory cabinets, granite counter tops, large island, and quality appliances. Patio doors off the dining area provide access to the lakeside patio for seasonal outdoor eating and gathering. Dining room combined with kitchen both open to the living room. All three rooms enjoy the corner gas fireplace, abundant natural lighting from the dramatic trapezoid windows and all glass lake side wall. In-floor hot water heat radiates from the hand stamped concrete floors. The upstairs bedroom features a window on an inside wall that allows for expansive lake views. This home provides one level living if needed with the upper level perfect for guests. Cathedral ceilings, tongue and groove pine, large closets, and main level laundry are a few more features. Be the first to own this amazing new home with lovely lake views, well, and septic on Eagles Nest #2, a pristine lake known for its clarity.

Last Agent to Sell the Property

Trish Bulinski

Bear Island Realty LLC Listed on: 09/20/2018

Last Buyer's Agent

Trish Bulinski

Bear Island Realty LLC Listed on: 09/20/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $852

Year Built

  • Built in 2018 | Newly Remodeled

Lot Details

  • 5.5 Acre Lot
  • Lot Dimensions are 1000 x 450
  • Private Waterfront
  • 450 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Level Lot
  • Irregular Lot
  • Landscaped with Trees

Home Design

  • Log Cabin
  • Poured Concrete
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 1,400 Sq Ft Home
  • Multi-Level Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Gas Fireplace
  • Vinyl Clad Windows
  • Mud Room
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Recreation Room
  • Heated Floors
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Washer Hookup

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking

Accessible Home Design

  • Wheelchair Access
  • Doors with lever handles
  • Doors are 36 inches wide or more

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Beach Access
  • Docks

Utilities

  • No Cooling
  • Hot Water Heating System
  • Private Water Source
  • Drilled Well
  • Electric Water Heater
  • Private Sewer
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 317-0028-00050

Home Details

Home Type

Single Family

Est. Annual Taxes

$852

Year Built

Built in 2018 | Newly Remodeled

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, Travel west on Hwy 169 to the Bearhead State Park Road. Turn left and follow to Walsh Road. Turn right onto Walsh Road and follow to Migisi Road. Follow to 4163 on the right.
  • InternetOptions: Satellite
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Private
  • ShorelineCharacteristics: Gravel, Shore-Accessible, Shore-Vegetation
  • Property Sub-Type: SF/Detached
  • Tax Year: 2018
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Ada Features: Partially Wheelchair, Doors 36”+, Door Lever Handles
  • Air Conditioner: None
  • Reso Association Amenities: Eat-In Kitchen, Kitchen Center Island, Vaulted Ceilings, Beamed Ceilings, Drywalls, Patio Door, Main Floor Laundry, Washer Hook-Ups
  • Amenities Exterior: Dock
  • Mfg And Park Info Construction Type: Frame/Wood, Log Home
  • FinFootageAboveGrade: 1400
  • Garage Type: None
  • Heat: In Floor, Hot Water
  • Fireplaces: 1
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Dining Room
  • TotalBedrooms: 2
  • Year Built: 2018
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Log
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dishwasher, Exhaust Fan/Hood, Freezer, Microwave, Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: Poured Concrete
  • Basement Style: None
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Family/Rec, Mud Room
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bathroom
  • Room 7: Rec Room
  • Room 8: Mud Room
  • Room 9: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1400
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 450
  • Waterfront Name: Eagles Nest 2
  • Construction Status: Completed New Construction
  • Exterior: Log
  • Window Features:Insulated Windows: Energy Windows, Vinyl Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private, Drain Field
  • Water: Private, Drilled

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 1000 x 450
  • Estimated Number of Acres: 5.5
  • Cultivated Acreage: LSAR
  • Geo Match Code: 3
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Irregular Lot, Low Land, Tree Coverage - Medium, High, Level, Rolling
  • Parcel Number: 317-0028-00050
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional, FHA

Tax Info

  • Tax Amount: 852

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2018
Closed on
Jan 7, 2019
Sold by
Rider Russell T
Bought by
Wood Tony J and Wood Paula S
Seller's Agent
Trish Bulinski
Bear Island Realty LLC
Buyer's Agent
Trish Bulinski
Bear Island Realty LLC
List Price
$310,000
Sold Price
$310,000
Current Estimated Value
$582,958

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,958
Avg. Annual Appreciation
9.72%
Original Mortgage
$279,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 2018
Sold by
Rider Russell Russell
Bought by
Wood Tony Tony

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
3.99%

Purchase Details

Closed on
Oct 14, 2004
Sold by
Trygg William R and Trygg Louise A
Bought by
Kruse Robert James and Kruse Catherine Rosengren
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
Wood Tony J $310,000 Northeast Title Company
Rider Russell T $62,500 Northeast Title Company
Wood Tony Tony $310,000 --
Kruse Robert James $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wood Tony J $279,000
Previous Owner Wood Tony Tony $279,000
Previous Owner Wood Tony Tony --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/07/2019 01/07/19 Sold $310,000 0.0% $221 / Sq Ft
10/19/2018 10/19/18 Pending -- -- --
09/20/2018 09/20/18 For Sale $310,000 +396.0% $221 / Sq Ft
03/02/2017 03/02/17 Sold $62,500 -- $40 / Sq Ft View Prior Sale
01/02/2017 01/02/17 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
2024 $4,120 $503,600 $130,500 $373,100
2023 $4,120 $378,400 $101,900 $276,500
2022 $2,818 $357,100 $101,900 $255,200
2021 $2,764 $273,800 $101,900 $171,900
2020 $2,974 $273,800 $101,900 $171,900
2019 $2,312 $289,000 $103,300 $185,700
2018 $852 $192,200 $83,300 $108,900
2017 $746 $75,300 $75,300 $0
2016 $822 $67,100 $67,100 $0
2015 $887 $73,500 $73,500 $0
2014 $887 $78,100 $78,100 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6078743

APN: 317002800050