Estimated Value: $611,000 - $822,000
1
Bed
1.5
Baths
1,390
Sq Ft
$493/Sq Ft
Est. Value
Highlights
- 335 Feet of Waterfront
- Guest House
- Sauna
- Docks
- Spa
- Panoramic View
About This Home
As of November 2016Here is your chance to live in a Northwood paradise. This beautifully designed, simple home has a stunning wilderness lake view. The home is designed with efficiency in mind. It has both grid-tied solar panels and solar hot water, and is practically maintenance-free. The generous one bedroom/office has ample space to be transformed into two bedrooms. Features include: stainless gourmet kitchen, lake view screened seasonal porch, 1/1/2 baths and beautiful custom built-ins throughout the house. The property includes 335' of lakeshore on the 'Kawishiwi River' located in the center of the White Iron chain of lakes (Farm, South Farm, White Iron, and Garden Lake) and 3.65 acres of natural landscaping with mature White and Red pines on your own point with dock. The detached garage features a separate large living/sleeping area with charming, private guest accommodations. Watch the unfolding beauty of the lake and woods from large picture windows, while enjoying the comfort of a cozy fire.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,961
Year Built
- Built in 1996
Lot Details
- 3.65 Acre Lot
- Lot Dimensions are 550 x 250
- 335 Feet of Waterfront
- Lake Front
- Property fronts a private road
- Level Lot
- Many Trees
Property Views
- Lake
- Panoramic
Home Design
- Contemporary Architecture
- Slab Foundation
- Poured Concrete
- Wood Frame Construction
- Wood Siding
Interior Spaces
- 1,390 Sq Ft Home
- 2-Story Property
- Woodwork
- Ceiling Fan
- Skylights
- Triple Pane Windows
- Living Room
- Combination Kitchen and Dining Room
- Sauna
Kitchen
- Range
- Recirculated Exhaust Fan
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 1 Bedroom
- Bathroom on Main Level
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 1 Car Detached Garage
- Garage Door Opener
- Gravel Driveway
- Off-Street Parking
Outdoor Features
- Spa
- Docks
- Deck
- Enclosed patio or porch
Utilities
- Dual Heating Fuel
- Hot Water Heating System
- Private Water Source
- Electric Water Heater
- Private Sewer
Additional Features
- Solar Heating System
- Guest House
Listing and Financial Details
- Assessor Parcel Number 28-6376-28140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 26, 2016
Closed on
Nov 18, 2016
Sold by
Powers Nancy D
Bought by
Heiks Samuel J and Stutzman Rachel E
Seller's Agent
Trish Bulinski
Bear Island Realty LLC
Buyer's Agent
Kate Davies
Bear Island Realty LLC
List Price
$445,000
Sold Price
$445,000
Total Days on Market
111
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
$240,506
Avg. Annual Appreciation
5.29%
Original Mortgage
$42,000
Outstanding Balance
$34,709
Interest Rate
3.52%
Mortgage Type
Credit Line Revolving
Estimated Equity
$654,451
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Similar Homes in Ely, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Heiks Samuel J | $445,000 | Northeast Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Heiks Samuel J | $42,000 | |
| Previous Owner | Powers Nancy Downan | $231,500 | |
| Previous Owner | Powers Nancy Downan | $16,000 | |
| Previous Owner | Powers Nancy Downan | $259,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/18/2016 11/18/16 | Sold | $445,000 | 0.0% | $320 / Sq Ft |
| 09/14/2016 09/14/16 | Pending | -- | -- | -- |
| 05/26/2016 05/26/16 | For Sale | $445,000 | -- | $320 / 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 |
|---|---|---|---|---|
| 2024 | $1,884 | $467,100 | $173,800 | $293,300 |
| 2023 | $1,903 | $460,200 | $163,400 | $296,800 |
| 2022 | $3,570 | $420,700 | $163,400 | $257,300 |
| 2021 | $3,432 | $384,400 | $194,400 | $190,000 |
| 2020 | $3,925 | $361,600 | $194,400 | $167,200 |
| 2019 | $397 | $362,400 | $218,300 | $144,100 |
| 2018 | $4,137 | $388,100 | $218,300 | $169,800 |
| 2017 | $3,032 | $400,100 | $229,100 | $171,000 |
| 2016 | $2,961 | $362,400 | $218,300 | $144,100 |
| 2015 | $3,041 | $363,000 | $218,300 | $144,700 |
| 2014 | $3,041 | $0 | $0 | $0 |
| 2013 | $2,569 | $0 | $0 | $0 |
| 2012 | $2,552 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Trish Bulinski
T
Seller's Agent in 2016
Trish Bulinski
Bear Island Realty LLC
(218) 349-5595
143 Total Sales
-
Kate Davies
Buyer's Agent in 2016
Kate Davies
Bear Island Realty LLC
(218) 343-9173
178 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6022759
APN: 28-6376-28140
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