NOT LISTED FOR SALE

695 Point Dr Ely, MN 55731

Estimated Value: $659,000 - $896,000

3 Beds
2 Baths
2,022 Sq Ft
$370/Sq Ft Est. Value

Sale Details

Date Sold: February 12, 2021

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

Est. 66% increase in value since last sale

Current estimated payment $4,366 / mo

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

1.41 Acres

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
$748,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,852
Avg. Annual Appreciation
10.21%
Original Mortgage
$360,000
Outstanding Balance
$321,421
Interest Rate
2.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$427,431

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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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

    120 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

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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