NOT LISTED FOR SALE

422 Shady Ln Ely, MN 55731

Estimated Value: $398,000 - $891,000

1 Bed
1 Bath
792 Sq Ft
$831/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $365,000 $461 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $3,698/month

Highlights

  • Deck
  • 4 Car Detached Garage
  • Baseboard Heating
  • Enclosed Patio or Porch
  • 1-Story Property
  • Wood Burning Fireplace

About This Home

As of June 2018

First time available for sale, this 1BR year round cabin is the retreat you've been waiting for! Tucked in only 60 feet from waters edge, on almost 10 acres, you have that nostalgic cabin with Knotty pine interior, wood burning stove for cozy nights, large living room over looking Fall Lake, Kitchen & Dining, plus an extra room off the living room which houses a king size bed! Make that into another bedroom, or expand your living room. A 9x14 Sauna building, 12x12 screen house, large double garage, and even more storage in the 20x40 storage building. OR build your dream lake home and keep this one as a guest cabin! Fall Lake is 2173 acre lake with the NE portion in the BWCA, offering your direct access into the Boundary Waters! Fall lake 32 ft deep & known for plenty of walleye & northerns. Excellent Swimming off the 290 feet of sandy shoreline! Enjoy a short boat ride from your dock up Fall Lake and into Basswood for even more fishing opportunities! All this only 8 miles from Ely

Last Agent to Sell the Property

Andrea Zupancich

z' Up North Realty License #40149923 Listed on: 02/14/2018

Last Buyer's Agent

Don Stocks

Wildwoods Land Company License #20556658

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,411

Year Built

  • Built in 1950

Lot Details

  • 9.95 Acre Lot
  • Irregular Lot
  • Property is zoned ssr

Parking

  • 4 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 792 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Wood
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 28-6311-17130, 28-6372-17

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,411

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Gas, Wood, Baseboard
  • Irregular Lot Size: Yes
  • Lvt Date: 02/14/2018
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 1
  • Parcel Code Number: 28-6311-17130, 28-6372-17
  • Patioporch: Deck, Porch, Covered, Enclosed, Screened
  • Real Estate Tax: 3410.92
  • Style: One Story
  • Total Above Grade Sq Ft: 792
  • Type: Residential
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 792
  • Bedroom 1: Size: 7x9, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Electric Range, Refrigerator, Washer, Elec. Dryer
  • Bedroom 2: Size: 11x9, On Level: Main
  • Dining Room: Size: 15x7, On Level: Main
  • Fireplace: 1 Fireplace, Wood Burning
  • Kitchen: Size: 8x9, On Level: Main
  • Living Room: Size: 15x11, On Level: Main
  • Main Level Bedrooms: 1
  • Main Level Sq Ft: 792

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage: 3+ Stalls, Detached
  • Garage Capacity: 4
  • Garage Size: 24x36

Utilities

  • Utilities: Septic, Well
  • Water Heater: Electric

Schools

  • School District: Ely-696

Lot Info

  • Lot Size: Dimensions: 525x295
  • Number Of Acres: 9.95
  • Zoning: ssr

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $365,000 -5.2% $461 / Sq Ft
04/08/2018 04/08/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $385,000 -- $486 / Sq Ft
Source: Range Association of 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 $2,628 $472,600 $260,900 $211,700
2024 $1,676 $472,800 $260,900 $211,900
2023 $1,655 $459,600 $244,900 $214,700
2022 $2,697 $412,000 $244,900 $167,100
2021 $1,695 $344,700 $234,200 $110,500
2020 $2,568 $234,800 $163,600 $71,200
2019 $26 $256,400 $183,200 $73,200
2018 $2,714 $256,400 $183,200 $73,200
2017 $2,450 $265,600 $192,100 $73,500
2016 $1,857 $245,100 $183,100 $62,000
2015 $1,908 $245,700 $183,100 $62,600
2014 $1,908 $0 $0 $0
2013 $2,007 $0 $0 $0
2012 $1,957 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrea Zupancich

    Seller's Agent in 2018

    Andrea Zupancich

    z' Up North Realty

    (218) 749-0159

    454 Total Sales

    Andrea Zupancich
    Section Image
  • Don Stocks

    Buyer's Agent in 2018

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    109 Total Sales

    Don Stocks
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 133874

Range Association of REALTORS®

APN: 28-6372-17060

Minnesota Lake County Ely 55731

422 Shady Ln, Ely, MN

This home is located at 422 Shady Ln, Ely, MN 55731 since 14 February 2018 and is currently estimated at $658,192, approximately $831 per square foot. This property was built in 1950. 422 Shady Ln 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.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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