NOT LISTED FOR SALE

4990 Big Lake Rd Ely, MN 55731

Estimated Value: $112,927

3 Beds
1.5 Baths
632 Sq Ft
$179/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2019

Last sale price $110,000 $174 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $938 / mo

Highlights

  • Private Waterfront
  • Lake View
  • Sauna
  • Docks
  • Deck
  • Great Room

About This Home

As of July 2019

Rustic but modern cabin with three bedrooms and a full bath plus a half bath. Cabin comes with 60 feet of south facing shoreline on Big Lake. Located about 20 miles north of Ely, in the heart of the Superior National Forest, accessed by the Echo Trail. Kitchen and bathrooms are serviced by drilled well, compliant septic system and propane utilities. Cabin also has a large deck overlooking Big Lake for spectacular views. Cabin is in a rental program and is an income producing property. Big Lake is about 2000 acres in size, has excellent fishing and is on the edge of the BWCAW. Most of the lake’s shoreline and surrounding lands are federally owned.

Last Agent to Sell the Property

Phil Hyde

Bear Island Land Co., Inc Listed on: 05/03/2019

Last Buyer's Agent

Phil Hyde

Bear Island Land Co., Inc Listed on: 05/03/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,450

Year Built

  • Built in 1950

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 102 x 59
  • Private Waterfront
  • 59 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Street terminates at a dead end
  • Few Trees

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Cabin
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 632 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Paneling
  • Gas Fireplace
  • Great Room
  • Open Floorplan
  • Lake Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Docks
  • Deck

Utilities

  • No Cooling
  • Radiant Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Shared Water Source
  • Private Sewer
  • Shared Sewer

Listing and Financial Details

  • Assessor Parcel Number 629-0032-00070

Community Details

Overview

  • Association fees include electricity, management, shared amenities, trash, water, heat

Amenities

  • Sauna

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,450

Year Built

Built in 1950

Lot Details

5,663 Sq Ft Lot

HOA Fees

$208 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, go east and turn left onto Hwy 88. Take Hwy 88 to Echo Trail, turn right and travel 20 miles to Big Lake Road. Turn left and follow to address.
  • L O1 Office Phone1 Number: 218-365-2800
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Eat-In Kitchen, Natural Woodwork, Panelled Walls
  • Amenities Exterior: Deck, Dock
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 632
  • Garage Type: None
  • Heat: Radiant, Propane
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Crawl Space, None
  • Bathroom 1 Level: Main
  • Bathroom Description: 1/2 Main Floor, Full Main Floor
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Great Room
  • Bathroom 2: Master Bedroom
  • Main Residence Features:Family Room4: Bedroom
  • Stories: 1 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 632
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: Dead End/No Outlet, Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 59
  • Waterfront Name: Other - See Remarks
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Other
  • Sewer: Private, Shared
  • Water: Private, Shared

Condo/Co-op/Association

  • Shared: Sauna
  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 2500

Fee Information

  • Association Fee Includes: Electricity, Management, Other, Shared Amenities, Trash, Water, Heat

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 102 x 59
  • Estimated Number of Acres: 0.13
  • Cultivated Acreage: LSAR
  • Geo Match Code: 1
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Light, BWCA Area
  • Parcel Number: 629-0032-00070
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Contract for Deed, Conventional

Tax Info

  • Tax Amount: 1450

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2019
Closed on
Jul 15, 2019
Sold by
Bought by
Seller's Agent
Phil Hyde
Bear Island Land Co., Inc
Buyer's Agent
Phil Hyde
Bear Island Land Co., Inc
List Price
$110,000
Sold Price
$110,000
Current Estimated Value
$112,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,927
Avg. Annual Appreciation
0.38%
Original Mortgage
$93,500
Interest Rate
0.5%
Mortgage Type
Land Contract Argmt. Of Sale

Purchase Details

Closed on
Nov 15, 2016
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$110,000 None Available
$65,000 Northeast Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $93,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/15/2019 07/15/19 Sold $110,000 0.0% $174 / Sq Ft
05/03/2019 05/03/19 Pending -- -- --
05/03/2019 05/03/19 For Sale $110,000 -- $174 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,446 $110,200 $85,100 $25,100
2023 $1,420 $106,500 $81,400 $25,100
2022 $1,446 $102,300 $78,300 $24,000
2021 $1,468 $102,300 $78,300 $24,000
2020 $1,460 $104,000 $78,300 $25,700
2019 $1,450 $104,000 $78,300 $25,700
2018 $1,472 $104,000 $78,300 $25,700
2017 $1,742 $104,000 $78,300 $25,700
2016 $1,970 $134,800 $113,100 $21,700
2014 $2,009 $153,400 $129,600 $23,800
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Phil Hyde

    Bear Island Land Co., Inc

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6082541

APN: 629003200070

Minnesota St Louis County Ely 55731

4990 Big Lake Rd, Ely, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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