NOT LISTED FOR SALE

7389 Ely Lake Dr Eveleth, MN 55734

Estimated Value: $420,000 - $524,000

3 Beds
2 Baths
2,400 Sq Ft
$198/Sq Ft Est. Value

Last Sold August 27, 2024

Last sale price $479,900 $200 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,818/month

55 Days on Market

Highlights

  • 151 Feet of Waterfront
  • Deck
  • No HOA
  • Beach Access
  • Family Room with Fireplace
  • Stainless Steel Appliances

About This Home

As of August 2024

Discover this hard-to-come by gem on Ely Lake, one of Northern MN most sought after quaint lakes. Conveniently located close to town w/access to local shops and dining. As you step inside, you'll be greeted by a warm and inviting living room with a cozy wood-burning FP & knotty pine walls. Step onto the large deck with amazing lake views, ideal for summer bbq's and gatherings with family and friends. 2 bedrooms and 1 bath complete the main level. The lower level walk-out offers an additional living room with wood burning FP which opens to the kitchen and dining room. It leads directly to the beautiful landscaped yard and dock, where you can enjoy swimming, fishing and boating right from your back yard. Lower level bedroom is non-egress. Laundry room and additional bath included on lower level. There is a spacious 2 stall garage with workshop. This charming home on Ely Lake is a rare find! Don't miss this opportunity to enjoy lakeside living!

Last Agent to Sell the Property

Sherry Zupancich Anderson

Vermilion Land Office, Inc. Listed on: 07/02/2024

Last Buyer's Agent

Timothy Lillquist

Edina Realty, Inc.

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,997

Year Built

  • Built in 1955

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 251x151
  • 151 Feet of Waterfront
  • Lake Front
  • Few Trees
  • Zoning described as Shoreline,Residential-Single Family

Parking

  • 2 Car Garage

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

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

Outdoor Features

  • Beach Access
  • Deck

Utilities

  • No Cooling
  • Vented Exhaust Fan
  • Baseboard Heating
  • Hot Water Heating System
  • Propane
  • Private Water Source
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 340004000160

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,997

Year Built

Built in 1955

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Private
  • Year Built: 1955
  • Above Grade Finished Sq Ft: 1200
  • Water Body Name: Ely
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FireNumber: 7389
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Walkout
  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Stainless Steel Appliances, Wall Oven, Washer
  • Fireplace Features: Family Room, Living Room
  • Living Area: 2400
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 1200
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • Other Structures: Other
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck
  • Lake Bottom: Rocky,Sand
  • LakeChain: N
  • Waterfront Frontage: 151

Garage/Parking

  • Parking Features: Detached, Asphalt

Utilities

  • Heating: Baseboard, Fireplace(s), Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Propane
  • Power Company: Minnesota 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: 251x151
  • Lot Size Sq Ft: 30492
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Some Trees
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding, Wood Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 340004000160
  • Tax Annual Amount: 3997
  • TaxWithAssessments: 4082.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2024
Closed on
Aug 27, 2024
Sold by
Bzdok Ann E and Bzdok David
Bought by
Tierney Michael D and Tierney Tammy M
Seller's Agent
Sherry Zupancich Anderson
Vermilion Land Office, Inc.
Buyer's Agent
Timothy Lillquist
Edina Realty, Inc.
List Price
$499,900
Sold Price
$479,900
Premium/Discount to List
-$20,000
-4%
Views
73
Current Estimated Value
$475,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,810
Avg. Annual Appreciation
-0.73%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Tierney Michael D $479,900 All American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2024 08/27/24 Sold $479,900 -4.0% $200 / Sq Ft
07/02/2024 07/02/24 For Sale $499,900 -- $208 / 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 $4,308 $374,900 $180,200 $194,700
2023 $4,308 $374,900 $180,200 $194,700
2022 $4,082 $374,900 $180,200 $194,700
2021 $3,228 $295,800 $127,700 $168,100
2020 $3,214 $266,800 $120,100 $146,700
2019 $2,794 $266,800 $120,100 $146,700
2018 $2,728 $266,800 $120,100 $146,700
2017 $2,372 $263,200 $120,100 $143,100
2016 $2,506 $236,300 $110,300 $126,000
2015 $2,296 $227,200 $107,700 $119,500
2014 $2,296 $227,200 $107,700 $119,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6562824

NorthstarMLS

APN: 340004000160