NOT LISTED FOR SALE

469 Sunset Rd Ely, MN 55731

Estimated Value: $313,000 - $2,323,240

3 Beds
2 Baths
1,150 Sq Ft
$879/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $275,000 $239 Per Sq Ft

Est. 268% increase in value since last sale

Current estimated payment $7,086/month

23 Days on Market

Highlights

  • 632 Feet of Waterfront
  • Beach
  • Lake, Pond or Stream
  • Community Boat Slip
  • Deck
  • Traditional Architecture

About This Home

As of July 2023

Unique opportunity to own an affordable cabin in Ely with use of over 600 feet of West facing shoreline and awesome sunsets. Very well kept 3 bedroom fully furnished cabin conveniently located just 5 miles from town on excellent roads. Many upgrades and improvements over the last several years. This is an LLC shared ownership with this unit owning approximately 9.85 % of the LLC which represents the owners cabin and their share of the other "common property". Fully improved. Water, power, septic and LP gas. Grounds and general maintenance included in the reasonable quarterly maintenance fee. This is not a fractional share. Cabin use only by this specific shareholder, their family and friends. No rentals allowed or required.

Last Agent to Sell the Property

Kerry Davis

Canoe Capital Realty, LLC Listed on: 05/25/2023

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,220

Year Built

  • Built in 1950

Lot Details

  • 3.58 Acre Lot
  • Lot Dimensions are 632x246
  • 632 Feet of Waterfront
  • Lake Front
  • Property fronts a private road

HOA Fees

  • $117 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,150 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room
  • Sun or Florida Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 2 Bathrooms

Outdoor Features

  • Shared Waterfront
  • Lake, Pond or Stream
  • Deck

Utilities

  • Space Heater
  • Heating System Uses Propane
  • Private Water Source
  • Shared Water Source
  • 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

$1,220

Year Built

Built in 1950

Lot Details

0

HOA Fees

$117 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Travel east of Ely to Kawishiwi Trail. Go approximately 3 mile (must go over Silver Rapids bridge) to Sunset Rd on the right. Turn right on to Sunset road and go about a 1/4 miles to the property. You will see the Sunset Lodge sign. Turn right and continue through the development and the cabin wil be the last one on the left before reentering Sunset Rd.
  • Waterfront Info Lake Chain: Yes
  • L O1 Office Phone1 Number: 218-365-8689
  • ShorelineCharacteristics: Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Lot Description Waterfront: Yes
  • Amenities Exterior: Boat Slip
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1150
  • Garage Type: None
  • Heat: Space/Wall Heater, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Room 10: Deck
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 3
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • RoomLevel10: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel7: Main
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Posts
  • Bathroom Description: 3/4 Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Kitchen
  • Bathroom 2: Living Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1 Story
  • Room 7: Sunroom/Solarium
  • Room 8: Bathroom
  • Room 9: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1150
  • Exercise Room Level2: Main

Exterior Features

  • Lake Chain Acreage: 9000
  • LakeAcres: 3400
  • Road Frontage: Private
  • Waterfront Access: Shared
  • Water Frontage In Feet: 632
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: Minnesota Power, Lake Country Power
  • Sewer: Private, Shared
  • Water: Private, Shared

Condo/Co-op/Association

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

Association/Amenities

  • FeesAssociationFeeAmount: 350

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: 632x246
  • Estimated Number of Acres: 3.58
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, BWCA Area
  • Parcel Number: 28-6311-32920
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash

Tax Info

  • Tax Amount: 1220

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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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
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 Prior Sale
07/05/2023 07/05/23 Sold $275,000 0.0% $239 / Sq Ft
06/17/2023 06/17/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $275,000 +25.0% $239 / Sq Ft
05/24/2022 05/24/22 Sold $220,000 0.0% $122 / Sq Ft View Prior Sale
05/02/2022 05/02/22 Pending -- -- --
05/01/2022 05/01/22 For Sale $220,000 +189.5% $122 / Sq Ft
02/13/2017 02/13/17 Sold $76,000 0.0% $83 / Sq Ft View Prior Sale
02/06/2017 02/06/17 Pending -- -- --
02/03/2017 02/03/17 For Sale $76,000 -- $83 / 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: 6108285

APN: 28-6311-32920