NOT LISTED FOR SALE

7329 Ely Lake Dr Eveleth, MN 55734

Estimated Value: $312,000 - $368,000

2 Beds
1.5 Baths
1,120 Sq Ft
$302/Sq Ft Est. Value

Last Sold May 24, 2023

Last sale price $310,000 $277 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,985/month

7 Days on Market

Highlights

  • 50 Feet of Waterfront
  • The kitchen features windows
  • Forced Air Heating System
  • No HOA
  • 1-Story Property
  • Combination Dining and Living Room

About This Home

As of May 2023

Beautiful 2 bedroom home on Ely Lake in Fayal township/ Eveleth, MN! Enjoy your morning coffee or summer evenings in the sun room or on the lake! This home is a must see with all the gorgeous woodwork throughout. The main floor features a beautifully updated kitchen, an open concept living/ dining room combo, along with 2 bedrooms (One lacking a closet) and a full bathroom. The basement is an unfinished pallet of potential, there could be more bedrooms added down there or an additional hangout space to add value or just make it what you want! Outside has a wonderful sauna area and most of all you will love being out on the lake! Call for your personal tour today!

Last Agent to Sell the Property

Darcie Novak

My Place Realty, Inc. Brokerage Phone: 218-780-7036 Listed on: 04/13/2023

Co-Listed By

Delaney Maki

My Place Realty, Inc. Brokerage Phone: 218-780-7036

Last Buyer's Agent

Anne Kirchner

Coldwell Banker Realty

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,175

Year Built

  • Built in 1940

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 245x50
  • 50 Feet of Waterfront
  • Lake Front
  • Partially Fenced Property
  • Privacy Fence
  • Wood Fence
  • Zoning described as Shoreline,Residential-Single Family

Parking

  • 2 Car Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,120 Sq Ft Home
  • 1-Story Property
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • The kitchen features windows

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • No Cooling
  • Forced Air Heating System
  • 200+ Amp Service
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Cedar Island Lake Beach Fayal Subdivision

Listing and Financial Details

  • Assessor Parcel Number 340004000430

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,175

Year Built

Built in 1940

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 1120
  • Water Body Name: Ely
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 218-780-7036
  • Attribution Contact: 218-780-7036
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Full, Walkout
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Living Area: 1120
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

  • Total Bedrooms: 2
  • One Quarter Bathrooms: 1
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: Partial, Privacy, Wood
  • View: Lake
  • Other Structures: Sauna
  • PatioPorchType: Deck,Patio,Porch
  • Lake Bottom: Hard,Rocky,Sand
  • LakeChain: N
  • Elevation Highpoint to Waterfront Feet: 15-26
  • Waterfront Frontage: 50

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas
  • Power Company: Minnesota Power

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Kitchen Window,Natural Woodwork,Patio,Paneled Doors,Porch,Sauna

Schools

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

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 245x50
  • Lot Size Sq Ft: 11630.52
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 340004000430
  • Tax Annual Amount: 2175
  • TaxWithAssessments: 2175.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 23, 2023
Sold by
Sarich Raija E
Bought by
Alicante-Williams Maria M
Seller's Agent
Darcie Novak
My Place Realty, Inc.
Buyer's Agent
Anne Kirchner
Coldwell Banker Realty
List Price
$305,000
Sold Price
$310,000
Premium/Discount to List
$5,000
1.64%
Views
74
Current Estimated Value
$338,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,561
Avg. Annual Appreciation
3.38%
Original Mortgage
$18,600
Outstanding Balance
$18,063
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$320,498

Purchase Details

Closed on
Mar 2, 2020
Sold by
Sarich Raija E and Otava Miika Marcus
Bought by
Sarich Raija E

Purchase Details

Closed on
Feb 16, 2011
Sold by
Hyde Howard B
Bought by
Sarich Raija E and Otava Miika Marcus

Purchase Details

Closed on
Aug 9, 2004
Sold by
Littler H Glen
Bought by
Hyde Howard B
Source: Public Records

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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Purchase History

Date Buyer Sale Price Title Company
Alicante-Williams Maria M $310,000 Burnet Title
Sarich Raija E -- None Available
Sarich Raija E $145,000 None Available
Hyde Howard B $100,000 Consolidated Title & Abstrac
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alicante-Williams Maria M $18,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2023 05/24/23 Sold $310,000 +1.6% $277 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $305,000 -- $272 / Sq Ft
Source: NorthstarMLS

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 $2,798 $242,300 $105,800 $136,500
2023 $2,798 $219,200 $105,800 $113,400
2022 $1,636 $219,200 $105,800 $113,400
2021 $1,388 $156,000 $66,500 $89,500
2020 $2,030 $141,200 $63,200 $78,000
2019 $1,746 $141,200 $63,200 $78,000
2018 $1,752 $141,200 $63,200 $78,000
2017 $1,638 $139,300 $63,200 $76,100
2016 $1,662 $131,200 $62,900 $68,300
2015 $1,597 $134,200 $65,100 $69,100
2014 $1,597 $134,200 $65,100 $69,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6354394

NorthstarMLS

APN: 340004000430