NOT LISTED FOR SALE

4994 Big Lake Rd Ely, MN 55731

Estimated Value: $217,255

2 Beds
1 Bath
400 Sq Ft
$543/Sq Ft Est. Value

Sale Details

Date Sold: April 1, 2022

Last sale price $200,000 $500 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,511 / mo

156 Days on Market

Highlights

  • 1,500 Feet of Waterfront
  • Living Room
  • Shared Waterfront
  • Ranch Style House
  • Bathroom on Main Level
  • Wood Siding

About This Home

As of April 2022

Excellent investment and vacation opportunity. Located on an excellent fishing recreation lake up the beautiful and popular Echo Trail. This unit will be great for your private use and also allows for rentals which are managed by a well established management company and managers. Show up and your cabin is ready to go. No general maintenance required, all done for you as part of the income split and low fees. At this price it includes a newer pontoon for your use and the use of your renters. Must see to appreciate the setting of this cabin. A sister cabin to this unit right next door, listed under MLS#6099682

Last Agent to Sell the Property

Kerry Davis

Canoe Capital Realty, LLC Listed on: 09/16/2021

Last Buyer's Agent

Kerry Davis

Canoe Capital Realty, LLC Listed on: 09/16/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,015

Year Built

  • Built in 1950

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 110x75
  • 1,500 Feet of Waterfront
  • Lake Front

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Ranch Style House
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 400 Sq Ft Home
  • Gas Fireplace
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Outdoor Features

  • Shared Waterfront

Utilities

  • Private Water Source
  • Shared Water Source
  • Mound Septic
  • Shared Sewer

Listing and Financial Details

  • Assessor Parcel Number 629-0032-00050

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,015

Year Built

Built in 1950

Lot Details

7,841 Sq Ft Lot

HOA Fees

$250 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Up the Echo to Big Lake Rd.
  • L O1 Office Phone1 Number: 218-365-8689
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 400
  • Garage Type: None
  • Heat: Fireplace
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: N/A
  • Basement Style: Posts
  • Bathroom Description: 3/4 Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Bedroom
  • Main Residence Features:Family Room4: Bathroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 400
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Shared
  • Water Frontage In Feet: 1500
  • Waterfront Name: Big Lake
  • Construction Status: Previously Owned
  • Exterior: Wood

Utilities

  • Power Company: None
  • Sewer: Shared, Mound
  • Water: Private, Shared

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 3000

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 110x75
  • Estimated Number of Acres: 0.18
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 629-0032-00050
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 1015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2021
Closed on
Apr 5, 2022
Sold by
H Kent Newman Trust
Bought by
Kent Newman Trust
Seller's Agent
Kerry Davis
Canoe Capital Realty, LLC
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$200,000
Sold Price
$200,000
Current Estimated Value
$217,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,255

Purchase Details

Closed on
Nov 2, 2007
Sold by
Big Lake Properties Llc
Bought by
Mccarron Jeffrey W and Mccarron Diane M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,000
Interest Rate
6.47%
Mortgage Type
Unknown
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Kent Newman Trust $3,000 Northwest Title
Kent Newman Trust $3,000 Northwest Title
Mccarron Jeffrey W $310,000 Northeast Title Company
Mccarron Jeffrey W $310,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccarron Jeffrey W $279,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $200,000 0.0% $500 / Sq Ft
02/19/2022 02/19/22 Pending -- -- --
09/16/2021 09/16/21 For Sale $200,000 -- $500 / Sq Ft
Source: Lake Superior Area REALTORS®

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
2024 $1,094 $86,300 $71,700 $14,600
2023 $1,094 $83,800 $69,200 $14,600
2022 $1,124 $81,000 $67,000 $14,000
2021 $1,140 $81,000 $67,000 $14,000
2020 $1,142 $82,200 $67,000 $15,200
2019 $1,134 $82,200 $67,000 $15,200
2018 $1,150 $82,200 $67,000 $15,200
2017 $1,568 $82,200 $67,000 $15,200
2016 $1,786 $121,200 $108,600 $12,600
2015 $1,821 $138,900 $124,900 $14,000
2014 $1,821 $138,900 $124,900 $14,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6099681

APN: 629003200050

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