NOT LISTED FOR SALE

695 Point Dr Ely, MN 55731

Estimated Value: $601,088 - $803,000

3 Beds
2 Baths
2,022 Sq Ft
$330/Sq Ft Est. Value

Last Sold February 12, 2021

Last sale price $450,000 $223 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,919/month

326 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Panoramic View
  • Docks
  • Sauna
  • Deck

About This Home

As of February 2021

Beautiful Montana Lodge pole style home with custom workmanship throughout. This home features a spacious open kitchen, dining and living area with large glass doors leading you out onto a covered porch the length of the home and spectacular view of Garden Lake. The living area has a wood burning fireplace for added enjoyment/heat and a large loft with a portion overlooking this area. The lower level features a spacious family room, 2nd bath, laundry room and you walk out onto a large patio which leads to the waters edge. The 3 car insulated garage was added along with a beautiful guest cabin featuring 2 bedroom, 1 bath, free standing wood fireplace and large open living, dining and kitchen with outside deck. Great space for extra family and guests. This pristine property sits on +-1.41 acres with mature forest and +-215 feet of fine shoreline on Garden Lake at the end of the road.

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 02/14/2020

Keller Williams Classic Realty NW - Ely

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,043

Year Built

  • Built in 1986

Lot Details

  • 1.41 Acre Lot
  • Lot Dimensions are 214.89 x 404 x 287 x 178
  • Private Waterfront
  • 215 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Landscaped
  • Level Lot
  • Irregular Lot
  • Many Trees

Property Views

  • Lake
  • Panoramic

Home Design

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

Interior Spaces

  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Loft
  • Lower Floor Utility Room
  • Utility Room
  • Sauna
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Range
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 3 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Docks
  • Deck
  • Patio
  • Storage Shed
  • Rain Gutters
  • Porch

Farming

  • Bunk House
  • Loafing Shed

Utilities

  • Dual Heating Fuel
  • Heating System Uses Wood
  • Drilled Well
  • Electric Water Heater
  • Mound Septic
  • Private Sewer
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 28-6376-28080

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,043

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Take Hwy 169 south out of Ely to Kawishiwi Trail, R, to Garden Lake Road, L, to Point Dr., L, to Fire#695 and sign.
  • L O1 Office Phone1 Number: 218-365-3665
  • Remodeled Addition: Yes
  • ShorelineCharacteristics: Gravel, Hard, Rocky, Sand, Shore-Accessible, Elevation-Low, Elevation-Medium
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Twp Number: 63N
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Vaulted Ceilings, Foyer Entry, Patio Door, Washer Hook-Ups
  • Amenities Exterior: Deck, Dock, Patio, Porch, Gutter/Downspout
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 1280
  • Below Grade Finished Sq Ft: 742
  • Garage Type: Detached
  • Heat: Dual Fuel/Off Peak, Wood, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Den/Office
  • TotalBedrooms: 3
  • Year Built: 1986
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Lower
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • RoomLevel9: Upper
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Features: Finished, Walkout, Bath, Family/Rec Room, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Den/Office, Family/Rec, Utility Room
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Foyer
  • Bedroom 5: Loft
  • Stories: 1.25 - 1.75 Story
  • Room 6: Family Room
  • Room 7: Laundry Room
  • Room 8: Utility Room
  • Room 9: Other
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2022
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Sauna, Storage Shed, Bunkhouse, Loafing Shed
  • Road Frontage: County, Township
  • Waterfront Access: Private
  • Water Frontage In Feet: 214.89
  • Waterfront Name: Garden
  • Construction Status: Previously Owned
  • Exterior: Log

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 3

Utilities

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

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 214.89 x 404 x 287 x 178
  • Estimated Number of Acres: 1.41
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Irregular Lot, Landscaped, Tree Coverage - Heavy, Telephone, Level, BWCA Area
  • Parcel Number: 28-6376-28080
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 3043.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 14, 2020
Closed on
Feb 11, 2021
Sold by
Mason Watson S and Mason Charlene K
Bought by
Olson Alec C
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$450,000
Sold Price
$450,000
Current Estimated Value
$677,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,798
Avg. Annual Appreciation
8.39%
Original Mortgage
$360,000
Outstanding Balance
$321,421
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$344,851

Purchase Details

Closed on
Dec 23, 2019
Sold by
Shaw Ann E
Bought by
Shaw Rt
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olson Alec C $450,000 None Available
Shaw Rt -- None Available
Olson Alec Alec $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olson Alec C $360,000
Closed Olson Alec Alec $360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/12/2021 02/12/21 Sold $450,000 0.0% $223 / Sq Ft
01/05/2021 01/05/21 Pending -- -- --
02/14/2020 02/14/20 For Sale $450,000 -- $223 / 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
2025 $4,412 $598,700 $179,700 $419,000
2024 $2,550 $603,800 $179,700 $424,100
2023 $2,280 $598,200 $168,900 $429,300
2022 $2,719 $539,900 $168,900 $371,000
2021 $2,776 $352,100 $169,500 $182,600
2020 $3,043 $352,100 $169,500 $182,600
2019 $303 $356,500 $169,500 $187,000
2018 $3,679 $356,500 $169,500 $187,000
2017 $3,121 $417,500 $194,900 $222,600
2016 $3,065 $371,300 $185,800 $185,500
2015 $3,151 $373,500 $185,800 $187,700
2014 $3,151 $0 $0 $0
2013 $2,626 $0 $0 $0
2012 $2,738 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lori Schulze

    Seller's Agent in 2021

    Lori Schulze

    Keller Williams Classic Realty NW - Ely

    (218) 343-1787

    125 Total Sales

    Lori Schulze
    Section Image

  • N

    Buyer's Agent in 2021

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6088326

APN: 28-6376-28080

Minnesota Lake County Ely 55731

695 Point Dr, Ely, MN

Not Listed for Sale

Detached

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