NOT LISTED FOR SALE

469 Sunset Rd Unit Cabin 8 Ely, MN 55731

Estimated Value: $313,000 - $2,216,491

2 Beds
1 Bath
720 Sq Ft
$1,450/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $285,000 $396 Per Sq Ft

Est. 255% increase in value since last sale

Current estimated payment $7,086/month

78 Days on Market

Highlights

  • 632 Feet of Waterfront
  • Docks
  • Lake, Pond or Stream
  • Community Boat Slip
  • Beach
  • Bonus Room

About This Home

As of August 2022

A wonderful option to own a 2 BR, 1 BA, cabin with use of 632 feet of West facing beach and shoreline on White Iron chain of lakes in Ely. This classic; meticulously maintained cabin has an open kitchen, dining room, and living room, with a wood burning stove. Through the sliding doors access the generous screened in porch and deck; perfect for dining and lounging. The charming new bunkhouse is full of beautiful woodwork and windows and it's own deck. Includes a set of bunks; a double on top, and queen on bottom; custom stairs with built in storage drawers access the top bunk. This is an LLC shared ownership with the seller owning approximately 8.3% of the LLC. The Seller/Owner has full ownership and usage of the Cabin, Bunkhouse, and Wood Shed; used by the shareholder, their family, and friends. The shareholder also has usage of the "common property" of the LLC. This includes a boat slip, and storage space in a building near the shore. At the shoreline there is a shared Gazebo, Firepit, Canoe Rack, and Child Swing & Play set. The property has a great feel and is well maintained; the lake water system, power, septic, and LP gas, have all been improved/updated. The benefits to being a part of an association are numerous. Having a caretaker allows for more chore free time, family time, and recreating. There is great comfort and security in knowing that someone is always watching, assessing needs, and maintaining. Services that are provided/included with the $400 quarterly dues are: springtime startup and fall shutdown of cabins, fall dock removal and installation in the spring, all grounds work: mowing, racking, small tree and brush removal, maintenance of the septic mound, and aeration of water at ice out to minimize ice damage to docks. No short or long term rentals allowed. Inquire for disclosures and supporting Seller & LLC documents.

Last Agent to Sell the Property

Trish Bulinski

Bear Island Realty LLC Listed on: 05/02/2022

Last Buyer's Agent

Trish Bulinski

Bear Island Realty LLC Listed on: 05/02/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,212

Year Built

  • Built in 1950

Lot Details

  • 3.58 Acre Lot
  • Lot Dimensions are 319' x 632'
  • 632 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Landscaped with Trees

HOA Fees

  • $133 Monthly HOA Fees

Home Design

  • Cabin
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Ceiling Fan
  • Living Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Docks
  • Shared Waterfront
  • Lake, Pond or Stream
  • Enclosed Patio or Porch

Farming

  • Bunk House

Utilities

  • Heating System Uses Wood
  • Private Water Source
  • Shared Water Source
  • Mound Septic
  • Private Sewer
  • Shared Sewer

Listing and Financial Details

  • Assessor Parcel Number 28-6311-32920

Community Details

Overview

  • Association fees include dock maintenance, exterior maintenance, management, shared amenities, snow removal, water, lawn care

Recreation

  • Community Boat Slip
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,212

Year Built

Built in 1950

Lot Details

0

HOA Fees

$133 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Travel east of Ely to Kawishiwi Trail. Follow for approximately 3 miles to Sunset Rd on the right. Turn right onto Sunset road and go about a 1/4 mile to the Sunset Lodge sign, turn right and then turn right into the first driveway and follow to the cabin (straight ahead).
  • Waterfront Info Lake Chain: Yes
  • Waterfront Info Lake Maximum Depth: 47
  • L O1 Office Phone1 Number: 218-365-2800
  • PropAdjoinsPublicLand: No
  • Property Sub-Type: Seasonal
  • Tax Year: 2022
  • Twp Number: 63 North
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Natural Woodwork, Patio Door
  • Amenities Exterior: Boat Slip, Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 720
  • Garage Type: None
  • Heat: Wood
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bathroom
  • TotalBedrooms: 2
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Microwave, Refrigerator, Range/Stove
  • Basement Material: N/A
  • Basement Style: None, Posts
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Storage Room, 3 Season Porch
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Master Bedroom
  • Stories: 1 Story
  • Room 6: 3 Season Porch
  • Room 7: Bonus Room
  • Total Bathrooms: 1
  • Total Fin Square Footage: 720
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 1603
  • Out Buildings: Bunkhouse
  • Road Frontage: Private
  • Waterfront Access: Shared
  • Water Frontage In Feet: 632
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Minnesota Power
  • Sewer: Drain Field, Mound, Private, Shared
  • Water: Private, Shared

Condo/Co-op/Association

  • Shared: Swimming Beach
  • Association Fee: Yes
  • Association Fee Frequency: Quarterly

Association/Amenities

  • FeesAssociationFeeAmount: 400

Fee Information

  • Association Fee Includes: Dock Maintenance, Exterior Maintenance, Management, Shared Amenities, Snow Removal, Water, Lawn Care

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 319' x 632'
  • Estimated Number of Acres: 3.58
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, BWCA Area
  • Parcel Number: 28-6311-32920
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash

Tax Info

  • Tax Amount: 1212.46

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2011
Sold by
Sunset Lodge Association
Bought by
Sunset Lodge On White Iron Lake Llc
Current Estimated Value
$1,011,413
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List 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
Sunset Lodge On White Iron Lake Llc -- Oak Hills Land Title Agency
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $285,000 0.0% $396 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $285,000 -- $396 / 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 $20,036 $2,719,200 $492,300 $2,226,900
2024 $11,636 $2,404,600 $426,400 $1,978,200
2023 $10,305 $2,373,500 $371,800 $2,001,700
2022 $14,577 $1,923,300 $371,800 $1,551,500
2021 $13,433 $1,336,300 $355,000 $981,300
2020 $9,765 $796,600 $355,000 $441,600
2019 $9,928 $842,800 $401,200 $441,600
2018 $10,312 $866,200 $401,200 $465,000
2017 $8,921 $887,200 $422,200 $465,000
2016 $8,968 $794,600 $401,300 $393,300
2015 $9,043 $800,400 $401,300 $399,100
2014 $9,043 $0 $0 $0
2013 $8,793 $0 $0 $0
2012 $6,998 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6102522

APN: 28-6311-32920