NOT LISTED FOR SALE

429 Sunset Rd Ely, MN 55731

Estimated Value: $628,465 - $771,000

2 Beds
2 Baths
1,143 Sq Ft
$595/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $395,000 $346 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,830/month

27 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Recreation Room
  • Docks
  • Lake View
  • Lake, Pond or Stream

About This Home

As of September 2019

Very attractive 2 bedroom, 2 bath home (or year around cabin) on White Iron Lake with over 200 feet of level, west facing shoreline that offers spectacular sunsets! Home features an open concept, vaulted ceiling, great room with the living room, kitchen, and dining room all facing the lake. There is also a fantastic screened porch on the entire front of the home that will allow you to spend the evenings enjoying the great lake and sunset views! Both bedrooms and a full bath are also on the main floor. The lower level full walkout basement is partially finished and has a bath with a shower, and 3 large rooms that are presently used as a workshop, laundry room/office, and a rec room. Other features include a nice kitchen with hickory cabinets, lots of storage space, an awesome patio under the screened porch facing the lake, central air conditioning, and a backup generator system. Also an oversized 2 stall garage, storage building closer to the lake, a 37 foot long dock, boat lift, and a 10x10 dog kennel with concrete slab. Property is very user friendly with the level shoreline, and comes furnished and ready to go! White Iron Lake is part of the largest chain of lakes in the Ely area and has direct water access to the BWCAW!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 07/17/2019

Last Buyer's Agent

Kerry Davis

Canoe Capital Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,658

Year Built

  • Built in 1977

Lot Details

  • 1.36 Acre Lot
  • Lot Dimensions are 211 x 282
  • Private Waterfront
  • 211 Feet of Waterfront
  • Lake Front
  • Kennel
  • Level Lot
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • Woodwork
  • Beamed Ceilings
  • Vaulted Ceiling
  • Double Pane Windows
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Open Floorplan
  • Recreation Room
  • Workshop
  • Lake Views
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Window Egress

Parking

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

Outdoor Features

  • Beach Access
  • Docks
  • Lake, Pond or Stream

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Private Water Source
  • Drilled Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 28-6271-05050

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,658

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, travel east on Hwy 169 to the Kawishiwi Trail. Turn right and follow to Sunset Road. Turn onto Sunset Road and follow to the property.
  • InternetOptions: DSL, Satellite
  • Waterfront Info Lake Chain: Yes
  • Waterfront Info Lake Maximum Depth: 47
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Public
  • ShorelineCharacteristics: Hard, Rocky, Shore-Accessible, Elevation-Medium
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: Central
  • Reso Association Amenities: Garage Door Opener, Hardwood Floors, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Beamed Ceilings, Drywalls, Patio Door, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1008
  • Below Grade Finished Sq Ft: 135
  • Garage Type: Detached
  • Heat: Forced Air, Propane
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1977
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Lower
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Features: Egress Windows, Partially Finished, Bath, Family/Rec Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: main
  • Level 2 Three Quarter Bathrooms: lower
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Extra Rooms: Family/Rec, Workshop
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Rec Room
  • Room 7: Laundry Room
  • Room 8: Workshop
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1143
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 3237
  • Out Buildings: Kennel, Other Buildings
  • Road Frontage: Township
  • Waterfront Access: Private
  • Water Frontage In Feet: 211
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Double Glazed, Wood Frame

Garage/Parking

  • Parking Driveway: Off Street, Driveway - Gravel
  • Garage Capacity: 2

Utilities

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

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 211 x 282
  • Estimated Number of Acres: 1.36
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, Level, BWCA Area
  • Parcel Number: 28-6271-05050
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3657.96

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2019
Closed on
Sep 4, 2019
Sold by
Myers Terry L and Myers Judy M
Bought by
Adamson-Robbins James and Robbins Lisa M
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$395,000
Sold Price
$395,000
Current Estimated Value
$680,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,616
Avg. Annual Appreciation
9.10%
Original Mortgage
$155,000
Outstanding Balance
$135,488
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$545,128
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Adamson-Robbins James $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adamson-Robbins James $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2019 09/27/19 Sold $395,000 0.0% $346 / Sq Ft
08/13/2019 08/13/19 Pending -- -- --
07/17/2019 07/17/19 For Sale $395,000 +33.9% $346 / Sq Ft
07/15/2014 07/15/14 Sold $295,000 -15.6% $288 / Sq Ft View Prior Sale
06/28/2014 06/28/14 Pending -- -- --
07/05/2013 07/05/13 For Sale $349,500 -- $341 / 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 $3,172 $574,100 $243,400 $330,700
2024 $1,946 $546,400 $243,400 $303,000
2023 $1,826 $520,500 $213,600 $306,900
2022 $2,866 $449,700 $213,600 $236,100
2021 $2,739 $367,700 $204,400 $163,300
2020 $3,087 $342,100 $239,000 $103,100
2019 $3,658 $342,100 $239,000 $103,100
2018 $3,837 $358,400 $239,000 $119,400
2017 $3,445 $371,800 $251,000 $120,800
2016 $3,446 $340,900 $239,000 $101,900
2015 $2,816 $342,100 $239,000 $103,100
2014 $2,816 $0 $0 $0
2013 $2,406 $0 $0 $0
2012 $2,349 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6084864

APN: 28-6271-05050