NOT LISTED FOR SALE

5004 Big Lake Rd Ely, MN 55731

Estimated Value: $578,000 - $643,000

2 Beds
3 Baths
1,929 Sq Ft
$319/Sq Ft Est. Value

Sale Details

Date Sold: September 15, 2020

Last sale price $439,000 $228 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,776 / mo

16 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • Wood Flooring
  • Docks
  • Vaulted Ceiling
  • Main Floor Primary Bedroom

About This Home

As of September 2020

Stunning log home/cabin on Big Lake north of Ely. This cabin is located up the Echo Trail and is one of the few cabins on the entire lake. The custom kitchen has hickory cabinets, center island and tile flooring. Master bedroom has a master bath, walk-in closet and patio doors that lead to the screen porch. The large loft has a 3/4 bath and plenty of room for sleeping, office space or rec. room. The full walkout basement is partially finished and has a full bathroom. The cabin is off grid and runs on solar and propane. The large +-3 acre lot has +-595' of southeast facing shoreline covered with red pine. Big Lake adjoins the BWCA and the majority of the shoreline is undeveloped wilderness.

Last Agent to Sell the Property

Chris Eilrich

Wildwoods Land Company Listed on: 07/14/2020

Last Buyer's Agent

Chris Eilrich

Wildwoods Land Company Listed on: 07/14/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,286

Year Built

  • Built in 2004

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 300 x 500
  • Private Waterfront
  • 595 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Elevated Lot
  • Many Trees

Parking

  • No Garage

Home Design

  • Log Cabin
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Beamed Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Wood Frame Window
  • Aluminum Window Frames
  • Combination Dining and Living Room
  • Loft
  • Bonus Room
  • Lower Floor Utility Room
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Finished Basement Bathroom
  • Basement Window Egress

Eco-Friendly Details

  • Solar Heating System

Outdoor Features

  • Docks
  • Enclosed Patio or Porch

Utilities

  • Heating System Uses Propane
  • Private Water Source
  • Mound Septic
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 629-0030-00060

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,286

Year Built

Built in 2004

Lot Details

3 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: North from Ely on the Echo Trail to Big Lake Road. Follow to property address on left.
  • L O1 Office Phone1 Number: 218-365-3665
  • Road Maintenance: Association
  • ShorelineCharacteristics: Rocky, Undeveloped
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Twp Number: 65N
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Ceiling Fans, Hardwood Floors, Natural Woodwork, Tiled Floors, Vaulted Ceilings, Walk-In Closet, Beamed Ceilings, Patio Door
  • Amenities Exterior: Dock, Porch
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1454
  • Below Grade Finished Sq Ft: 475
  • Garage Type: None
  • Heat: Propane, Solar
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Dining Room
  • TotalBedrooms: 2
  • Year Built: 2004
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Second Floor
  • RoomLevel6: Second Floor
  • RoomLevel7: Main
  • RoomLevel8: Basement
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Egress Windows, Partially Finished, Walkout, Bath, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Master
  • Formal Dining: Combine with Living Room
  • Extra Rooms: Enclosed Porch, Pantry, Loft, Bonus Room
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Loft
  • Room 7: Porch
  • Room 8: Bonus Room
  • Total Bathrooms: 3
  • Total Fin Square Footage: 1929
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 595
  • Waterfront Name: Big Lake
  • Construction Status: Previously Owned
  • Exterior: Log
  • Window Features:Insulated Windows: Aluminum, Wood Frame

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 300 x 500
  • Estimated Number of Acres: 3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Heavy, High, BWCA Area
  • Parcel Number: 629-0030-00060
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2020
Closed on
Sep 4, 2020
Sold by
Foster Raymond C
Bought by
Vicari Erin Marie
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Chris Eilrich
Wildwoods Land Company
List Price
$439,000
Sold Price
$439,000
Current Estimated Value
$615,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,925
Avg. Annual Appreciation
6.26%
Original Mortgage
$339,000
Outstanding Balance
$298,557
Interest Rate
2.62%
Mortgage Type
New Conventional
Estimated Equity
$317,368

Purchase Details

Closed on
Nov 1, 2011
Sold by
Schneider Eric W and Schneider Sharon A
Bought by
Foster Raymond C
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Vicari Erin Marie $439,000 Northeast Title Company
Foster Raymond C $400,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vicari Erin Marie $339,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2020 09/15/20 Sold $439,000 0.0% $228 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/14/2020 07/14/20 For Sale $439,000 -- $228 / 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 $5,850 $499,300 $268,900 $230,400
2023 $5,850 $454,200 $244,900 $209,300
2022 $5,094 $454,200 $244,900 $209,300
2021 $4,272 $414,500 $223,900 $190,600
2020 $4,356 $349,300 $203,300 $146,000
2019 $4,314 $349,300 $203,300 $146,000
2018 $4,386 $349,300 $203,300 $146,000
2017 $4,426 $349,300 $203,300 $146,000
2016 $4,508 $349,300 $203,300 $146,000
2014 $4,861 $381,300 $216,300 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6091624

APN: 629003000060

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