3
Beds
2
Baths
2,108
Sq Ft
2.4
Acres
Highlights
- Private Waterfront
- Beach Access
- Heated Floors
- Docks
- Lake View
- Deck
About This Home
As of February 2025This beautiful 3 bedroom, 2 bath, custom built, log sided, year-round home/cabin is situated on +-2.4 acres on the shores of Farm Lake, with +-220 feet of level shoreline. If you’re looking for the convenience of urban living with the wilderness experience of a cabin, this is it. This home has a Great Room with a beautiful rock fireplace, vaulted ceiling, handcrafted natural wood railings to the 2nd floor, slate flooring with in-floor heat and has air conditioning. The wood finishing is amazing. The main floor has a living/dining/kitchen combination (Great Room), the primary bedroom, full bath, laundry area, utility room and storage areas. The kitchen has been upgraded with quartz counter tops and built-in sink, a three-door refrigerator and exceptional gas stove and microwave. The island was hand crafted by the owner/contractor. In the main bath, the tub has been replaced by a beautiful walk-in, glass door-shower, primarily for safety. The upper area has 2 bedrooms, a full bathroom and a sitting area that overlooks the great room. There is a 4-season porch off the living area and a full covered porch off the kitchen and dining areas. The grounds have been maintained and landscaped with perennials and native plants. The 40 x 40, 5 car garage is insulated and heated. There is a workshop on the main floor and storage on the upper level. Excellent workshop lighting and an abundance of electrical receptacles make this a craftsman’s paradise. There is a small storage shed and a woodshed. Drilled well and compliant septic system. This property gives you multiple use recreation opportunities with access to the White Iron Chain of Lakes, the Kawishiwi River and direct access to the BWCAW. Very well maintained and ready for immediate occupancy
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,773
Year Built
- Built in 2005
Lot Details
- 2.4 Acre Lot
- Lot Dimensions are 250 x 475
- Private Waterfront
- 220 Feet of Waterfront
- Lake Front
- Level Lot
- Unpaved Streets
- Landscaped with Trees
Home Design
- Contemporary Architecture
- Slab Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 2,108 Sq Ft Home
- 2-Story Property
- Woodwork
- Paneling
- Vaulted Ceiling
- Ceiling Fan
- Gas Fireplace
- Great Room
- Dining Room
- Open Floorplan
- Sun or Florida Room
- Utility Room
- Lake Views
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Heated Floors
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Bathroom on Main Level
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 5 Car Detached Garage
- Heated Garage
- Insulated Garage
- Garage Door Opener
- Gravel Driveway
Outdoor Features
- Beach Access
- Docks
- Deck
- Storage Shed
- Porch
Utilities
- Cooling System Mounted In Outer Wall Opening
- Dual Heating Fuel
- Heating System Uses Propane
- Private Water Source
- Private Sewer
- Phone Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 28-6387-01030
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2024
Closed on
Jan 8, 2025
Sold by
Myers Donna and Hartfield C.
Bought by
Jt Northwoods Llc
Seller's Agent
Don Stocks
Wildwoods Land Company
Buyer's Agent
Kerry Davis
Canoe Capital Realty, LLC
List Price
$849,900
Sold Price
$819,000
Premium/Discount to List
-$30,900
-3.64%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,711
Avg. Annual Appreciation
19.60%
Original Mortgage
$655,200
Outstanding Balance
$651,230
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$252,481
Purchase Details
Listed on
Aug 5, 2022
Closed on
Oct 7, 2022
Sold by
Guldan Michael and Guldan Ann
Bought by
Hartfield C. and Myers Donna
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Don Stocks
Wildwoods Land Company
List Price
$757,000
Sold Price
$757,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.41%
Original Mortgage
$592,000
Interest Rate
5.55%
Mortgage Type
New Conventional
Similar Homes in Ely, MN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $819,000 | -- | |
| Deed | $757,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $655,200 | New Conventional | |
| Previous Owner | $592,000 | New Conventional | |
| Previous Owner | $245,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $25,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/10/2025 02/10/25 | Sold | $819,000 | -3.6% | $389 / Sq Ft |
| 12/14/2024 12/14/24 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | For Sale | $849,900 | +12.3% | $403 / Sq Ft |
| 10/07/2022 10/07/22 | Sold | $757,000 | 0.0% | $359 / Sq Ft |
| 08/23/2022 08/23/22 | Pending | -- | -- | -- |
| 08/05/2022 08/05/22 | For Sale | $757,000 | -- | $359 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
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 | $4,808 | $746,100 | $211,000 | $535,100 |
| 2024 | $3,066 | $751,900 | $211,000 | $540,900 |
| 2023 | $2,621 | $739,300 | $198,300 | $541,000 |
| 2022 | $3,410 | $600,400 | $198,300 | $402,100 |
| 2021 | $3,206 | $426,700 | $182,600 | $244,100 |
| 2020 | $4,224 | $183,100 | $182,600 | $500 |
| 2019 | $4,273 | $205,400 | $204,900 | $500 |
| 2018 | $4,449 | $417,200 | $204,900 | $212,300 |
| 2017 | $3,891 | $429,600 | $215,000 | $214,600 |
| 2016 | $3,878 | $383,900 | $204,900 | $179,000 |
| 2015 | $3,252 | $383,900 | $204,900 | $179,000 |
| 2014 | $3,252 | $0 | $0 | $0 |
| 2013 | $3,765 | $0 | $0 | $0 |
| 2012 | $2,508 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Don Stocks
Seller's Agent in 2025
Don Stocks
Wildwoods Land Company
(218) 340-1353
106 Total Sales
-
Kerry Davis
K
Buyer's Agent in 2025
Kerry Davis
Canoe Capital Realty, LLC
(218) 235-1084
51 Total Sales
-
Lori Schulze
Seller's Agent in 2022
Lori Schulze
Keller Williams Classic Realty NW - Ely
(218) 343-1787
128 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6117173
APN: 28-6387-01030
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