NOT LISTED FOR SALE

655 Point Dr Ely, MN 55731

Estimated Value: $564,000 - $794,000

3 Beds
2 Baths
1,600 Sq Ft
$402/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $540,000 $338 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,703/month

4 Days on Market

Highlights

  • Private Waterfront
  • Docks
  • Heated Floors
  • Community Boat Slip
  • Panoramic View
  • Deck

About This Home

As of July 2023

Garden Lake Home- This well designed home, custom built in 2002, features one level living on Garden Lake. 3 bedrooms, master bath & guest bath, sun room, living room, kitchen-dining room, main floor laundry and pantry. Lake views from the living room, sun room, and master bedroom. Entrance to the 2 car detached garage is from the laundry room. In floor, off-peak heat. Two 200 amp circuit breaker panels. Drilled well & mound septic system. Also includes a 20 X 16 dry cabin on a 20 X 20 foundation. Storage shed. Wood shed. Paved access to the garage. Wooded lot with gentle path leading to the 190 ft of lakeshore. The home is situated on the lot to provide privacy. Garden Lake is connected to a chain of lakes including White Iron, Farm, South Farm, and the Kawishiwi River. Access to the BWCA. A great opportunity to own a year round home on Garden Lake in Ely, Minnesota.

Last Agent to Sell the Property

Janet Erchul

Ely Realty Listed on: 05/09/2023

Last Buyer's Agent

Karen Zupancich

Edina Realty - Ely

Edina Realty - Ely

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,921

Year Built

  • Built in 2002

Lot Details

  • 2.05 Acre Lot
  • Lot Dimensions are 417 x 190
  • Private Waterfront
  • 190 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Level Lot
  • Irregular Lot
  • Unpaved Streets
  • Many Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Ranch Style House
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Woodwork
  • Paneling
  • Vinyl Clad Windows
  • Living Room
  • Combination Kitchen and Dining Room
  • Sun or Florida Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Heated Floors
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Insulated Garage
  • Garage Drain
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Accessible Home Design

  • Wheelchair Access
  • No Interior Steps

Outdoor Features

  • Docks
  • Lake, Pond or Stream
  • Deck
  • Storage Shed

Utilities

  • No Cooling
  • Dual Heating Fuel
  • Heating System Uses Wood
  • Underground Utilities
  • Private Water Source
  • Drilled Well
  • Electric Water Heater
  • Private Sewer
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 28-6376-28040

Community Details

Overview

  • No Home Owners Association

Recreation

  • Community Boat Slip

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,921

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Highway 169 East from Ely. Right on Kawishiwi Trail, to left turn on Garden Lake Resort Road. Follow to Point Drive, 2nd home on the left.
  • InternetOptions: Satellite
  • Waterfront Info Lake Chain: Yes
  • L O1 Office Phone1 Number: 218-349-0515
  • List Price/ Sq Ft: 337.5
  • PropAdjoinsPublicLand: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Rocky
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Twp Number: 63
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Ada Features: Partially Wheelchair, No Stairs Internal
  • Air Conditioner: None
  • Reso Association Amenities: Eat-In Kitchen, Garage Door Opener, Natural Woodwork, Tiled Floors, Drywalls, Panelled Walls, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Boat Slip, Deck, Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1600
  • Garage Type: Attached
  • Heat: Dual Fuel/Off Peak, In Floor, Wood
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Sunroom/Solarium
  • TotalBedrooms: 3
  • Year Built: 2002
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Disposal, Dryer, Dishwasher, Microwave, Refrigerator, Range/Stove, Washer
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: 3/4 Master, Full Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Sunrm/Solarium
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Laundry Room
  • Room 8: Pantry
  • Room 9: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1600
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Road Frontage: County, Unpaved
  • Waterfront Access: Private
  • Water Frontage In Feet: 190
  • Waterfront Name: Garden
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Vinyl Frame

Garage/Parking

  • Parking Driveway: Driveway - Asphalt, Off Street, Other
  • Garage Features: Drains, Electrical Service, Heat, Insulation
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 32 X 24

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Drilled, Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Lake Superior #381
  • Junior High Dist: Lake Superior #381

Lot Info

  • Geo Update Timestamp: 2023-05-10
  • Estimated Lot Dimensions: 417 X 190
  • Estimated Number of Acres: 2.05
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Irregular Lot, Tree Coverage - Heavy, Underground Utilities, Level, BWCA Area
  • Parcel Number: 28-6376-28040
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional, FHA, VA DVA

Tax Info

  • Tax Amount: 2921

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
Jul 13, 2023
Sold by
Niska Carole
Bought by
Kapke Marc and Kapke Joanna
Seller's Agent
Janet Erchul
Ely Realty
Buyer's Agent
Karen Zupancich
Edina Realty - Ely
List Price
$540,000
Sold Price
$540,000
Current Estimated Value
$642,908

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,908
Avg. Annual Appreciation
8.87%
Original Mortgage
$432,000
Outstanding Balance
$426,639
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$217,172
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kapke Marc $540,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kapke Marc $432,000
Previous Owner Niska Donald O $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $540,000 0.0% $338 / Sq Ft
05/13/2023 05/13/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $540,000 -- $338 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $1,821 $508,500 $222,100 $286,400
2023 $1,869 $495,100 $208,400 $286,700
2022 $2,645 $459,100 $208,400 $250,700
2021 $2,703 $344,200 $207,200 $137,000
2020 $2,958 $344,400 $207,200 $137,200
2019 $2,937 $347,400 $207,200 $140,200
2018 $3,561 $347,400 $207,200 $140,200
2017 $3,088 $405,700 $239,100 $166,600
2016 $3,025 $368,000 $227,600 $140,400
2015 $3,104 $369,500 $227,600 $141,900
2014 $3,104 $0 $0 $0
2013 $2,621 $0 $0 $0
2012 $2,482 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Janet Erchul

    Ely Realty

    (218) 365-2100

    70 Total Sales

    Section Image

  • K

    Buyer's Agent in 2023

    Karen Zupancich

    Edina Realty - Ely

    (218) 349-2565

    22 Total Sales

    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6107940

APN: 28-6376-28040

Minnesota Lake County Ely 55731

655 Point Dr, Ely, MN

This home is located at 655 Point Dr, Ely, MN 55731 since 09 May 2023 and is currently estimated at $642,908, approximately $401 per square foot. This property was built in 2002. 655 Point Dr is a home located in Lake County with nearby schools including William Kelley Elementary School and William Kelley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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