Seller's Agent in 2022
Jeff Hway
Bear Island Realty LLC
(218) 349-0906
162 Total Sales
Estimated Value: $416,000 - $579,000
2
Beds
1
Bath
1,350
Sq Ft
$377/Sq Ft
Est. Value
Highlights
- Private Waterfront
- Beach Access
- Vaulted Ceiling
- Docks
- Sauna
- Ranch Style House
About This Home
As of August 2022Year-around cabin on Farm Lake! Cabin has 2 bedrooms and 1 full bath and is level to the lake and dock! Farm Lake is part of the biggest lake chain in the Ely area (Farm, Garden, and White Iron Lakes) and offers great fishing and direct water access to the Boundary Waters! Property size is 1.3 acres with 100 feet of shoreline. The main floor has the kitchen, dining, and living rooms all in one large room that faces the lake. There is also an awesome 3-season enclosed porch across the entire front of the cabin with newer windows bringing in plenty of natural light. Main floor bedroom (with a walk-in closet) faces the lake. Large full-bath and foyer and laundry room also on main level. Up the stairs is a nice landing that is an ideal office or reading area. Finally, the master bedroom looks directly at the lake and also features a skylight window. Ductless A/C on both levels. Cabin comes furnished and has a dock on the lake. Near the lake is a sauna and a storage shed. Drilled well, Septic with mound. The long private driveway goes over a hill and is paved from the top of the hill down to the cabin. This property is ready to go as your new Ely-area 4-season retreat!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,626
Year Built
- Built in 1993
Lot Details
- 1.31 Acre Lot
- Lot Dimensions are 100 x 555
- Private Waterfront
- 100 Feet of Waterfront
- Lake Front
- Property fronts a private road
Parking
- No Garage
Home Design
- Ranch Style House
- Concrete Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 1,350 Sq Ft Home
- Woodwork
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Entrance Foyer
- Living Room
- Open Floorplan
- Den
- Sauna
- Eat-In Kitchen
- Partial Basement
Bedrooms and Bathrooms
- 2 Bedrooms
- Walk-In Closet
- Bathroom on Main Level
- 1 Full Bathroom
Laundry
- Laundry Room
- Laundry on main level
- Washer and Dryer Hookup
Outdoor Features
- Beach Access
- Docks
- Enclosed Patio or Porch
- Storage Shed
Utilities
- Radiant Heating System
- Drilled Well
- Mound Septic
- Private Sewer
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 28-6377-28140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 21, 2022
Closed on
Aug 18, 2022
Sold by
Wheeler John and Wheeler Andrea
Bought by
Anderson Michael
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Jeff Hway
Bear Island Realty LLC
List Price
$410,000
Sold Price
$410,000
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
$99,596
Avg. Annual Appreciation
6.73%
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Anderson Michael | $410,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/25/2022 08/25/22 | Sold | $410,000 | 0.0% | $304 / Sq Ft |
| 07/23/2022 07/23/22 | Pending | -- | -- | -- |
| 07/21/2022 07/21/22 | For Sale | $410,000 | -- | $304 / 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 | $2,030 | $390,800 | $136,400 | $254,400 |
| 2024 | $1,366 | $390,800 | $136,400 | $254,400 |
| 2023 | $712 | $386,100 | $128,800 | $257,300 |
| 2022 | $1,541 | $220,800 | $108,500 | $112,300 |
| 2021 | $1,498 | $170,400 | $103,800 | $66,600 |
| 2020 | $1,745 | $134,700 | $103,800 | $30,900 |
| 2019 | $1,751 | $147,500 | $116,600 | $30,900 |
| 2018 | $1,837 | $176,100 | $116,600 | $59,500 |
| 2017 | $1,644 | $182,700 | $122,400 | $60,300 |
| 2016 | $1,645 | $167,500 | $116,600 | $50,900 |
| 2015 | $1,643 | $168,200 | $116,600 | $51,600 |
| 2014 | $1,643 | $0 | $0 | $0 |
| 2013 | $1,608 | $0 | $0 | $0 |
| 2012 | $1,729 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jeff Hway
-
Zachary Hway
Z
Seller Co-Listing Agent in 2022
Zachary Hway
Bear Island Realty LLC
(651) 341-0383
68 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6104409
APN: 28-6377-28140
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