NOT LISTED FOR SALE

7273 Ely Lake Dr Eveleth, MN 55734

Eveleth Area

Estimated Value: $499,000 - $591,133

4 Beds
1.5 Baths
2,144 Sq Ft
$256/Sq Ft Est. Value

Sale Details

Date Sold: December 2, 2024

Last sale price $575,000 $268 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $3,347 / mo

7 Days on Market

Highlights

  • 253 Feet of Waterfront
  • Docks
  • Deck
  • Laurentian Elementary Rated 9+
  • Lake View
  • Two Way Fireplace

About This Home

As of December 2024

Showings begin 2pm Mon, 9/16. No showings Fri & Sat 9/20 & 21. This is everything you can dream of in a perfect year-round lake home. Located on popular Ely Lake in Eveleth/Fayal Township, this stunning mid-century modern home was custom designed by architect Michael McGuire for the one family that’s homesteaded here it’s entire life. It is brilliantly sited on the lake’s most tranquil bay with a gradual 2.1 acre lot offering complete privacy and 253ft of crystal clear shoreline. Its Western exposure showcases amazing lake and sunset views. The landscaping features a beautiful heritage flower garden, many perennial plantings, and decorative trees — all framed by gorgeous mature White Pines. No need to walk stairs to get to shore as the home is just steps from (and level to) the water’s edge. You will enjoy incredible swimming, fishing, boating, snowmobiling, saunaing, and relaxing in this peaceful retreat. Interior features include a wall of lake-facing sliding glass doors, 4 large bedrooms, a bathroom on each floor, 2-sided wood burning fireplace, custom Birch doors and frames throughout, and tasteful rough-cut Cedar accents. Also included is a 3-car garage w/metal roof, dock, large sauna with changing room, large lake-facing screened porch, asphalt drive, and city sewer & gas. The home was re-roofed in 2021 and a new well was installed in 2011. It is located 2.75 hours from the Twin Cites with convenient access (10-20 minutes) to charming downtown Eveleth, Gilbert, Virginia & Giants Ridge. Ely Lake is spring-fed and known for its size, depth, water clarity, quality fish stock, and lack of weeds. The island at the center of the lake (just a 10 minute canoe paddle) is an amazing secret getaway — you’ll feel like you’ve been magically transported to the pristine beauty of the Boundary Waters. Owner is a licensed MN Real Estate Agent.

Last Agent to Sell the Property

Amy Sperling

Verve Realty Listed on: 09/13/2024

Co-Listed By

Scott Parkin

Verve Realty

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,910

Year Built

  • Built in 1966

Lot Details

  • 2.1 Acre Lot
  • Lot Dimensions are 229 x 333 x 266 x 396
  • 253 Feet of Waterfront
  • Lake Front
  • Many Trees

Parking

  • 3 Car Garage

Home Design

  • Bi-Level Home
  • Cedar

Interior Spaces

  • 2,144 Sq Ft Home
  • Wood Burning Fireplace
  • Two Way Fireplace
  • Mud Room
  • Living Room
  • Lake Views
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Docks
  • Deck
  • Screened Patio

Utilities

  • No Cooling
  • Forced Air Heating System
  • 100 Amp Service
  • Well

Community Details

  • No Home Owners Association
  • Ely Lake Cottage Sites Subdivision

Listing and Financial Details

  • Assessor Parcel Number 340007000060

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,910

Year Built

Built in 1966

Lot Details

2.1 Acres

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 3
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1966
  • Above Grade Finished Sq Ft: 2144
  • Water Body Name: Ely
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: None
  • Fireplace Features: Two Sided, Wood Burning
  • Living Area: 2144
  • Fireplace: Yes
  • Basement YN: No
  • Dining Room Type: Living Room, Kitchen, Mud Room, Patio, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Deck

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • View: Bay, Lake, Panoramic, West
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Screened
  • Lake Bottom: Hard
  • LakeChain: N
  • Waterfront Frontage: 253

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Eveleth-Gilbert
  • SchoolDistrictPhone: 218-744-7701

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 229 x 333 x 266 x 396
  • Lot Size Sq Ft: 91301.76
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Cedar

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 340007000060
  • Tax Annual Amount: 3910
  • TaxWithAssessments: 3910.0000

Multi Family

  • WaterfrontFeatures: Dock, Lake Front, Lake View

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Nov 26, 2024
Sold by
Bought by
Seller's Agent
Amy Sperling
Verve Realty
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$565,000
Sold Price
$575,000
Premium/Discount to List
$10,000
1.77%
Views
3
Current Estimated Value
$548,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,717
Avg. Annual Appreciation
-2.74%
Original Mortgage
$460,000
Outstanding Balance
$452,218
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$96,065

Purchase Details

Closed on
Feb 17, 2011
Sold by
Bought by
Source: Public Records

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
$575,000 Executive Title
-- None Available
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 $460,000
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
12/02/2024 12/02/24 Sold $575,000 +1.8% $268 / Sq Ft
09/23/2024 09/23/24 Pending -- -- --
09/16/2024 09/16/24 For Sale $565,000 -- $264 / Sq Ft
Source: NorthstarMLS

Tax 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.

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 $3,998 $361,200 $204,700 $156,500
2023 $3,638 $361,200 $204,700 $156,500
2022 $3,466 $361,200 $204,700 $156,500
2021 $3,012 $278,700 $144,000 $134,700
2020 $3,484 $252,100 $134,600 $117,500
2019 $3,090 $252,100 $134,600 $117,500
2018 $3,036 $252,100 $134,600 $117,500
2017 $2,886 $249,200 $134,500 $114,700
2016 $2,992 $218,700 $116,700 $102,000
2015 $2,789 $216,600 $117,300 $99,300
2014 $2,789 $216,600 $117,300 $99,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6596666

NorthstarMLS

APN: 340007000060

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