$342,000
SOLD OCT 3, 2025

7424 Ely Lake Dr Eveleth, MN 55734

4 Beds
2 Baths
2,452 Sq Ft
7 Acres

Recently Sold

$139 Per Sq Ft

7% Below List Price

126 Days on Market

Highlights

  • 1 Fireplace
  • Living Room
  • Baseboard Heating
  • No HOA
  • Dining Room
  • Family Room

About This Home

As of October 2025

This newly remodeled home sits on 7 acres in the desirable Fayal Township! The front yard offers views of Beautiful Ely Lake, while the privacy of a large back deck allows you to entertain and enjoy a spacious back yard. The 4 bed, 1.75 bath has a variety of updates including flooring, carpet and appliances as well as a natural gas fireplace and water filtration system. Enjoy a drink in the updated bar room while watching your favorite sports team! New siding in 2024 on the house and 3 stall garage. New steel garage roof in 2025 and lots of garage space for vehicles and toys as well as 2 large storage units for extras. Everything you are looking for to have country living close to town!

Last Agent to Sell the Property

Steven Koleno

Beycome Brokerage Realty LLC Listed on: 05/08/2025

Last Buyer's Agent

Norma Jean Jofs

Next Door Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,598

Year Built

  • Built in 1982

Lot Details

  • 7 Acre Lot
  • Lot Dimensions are 1295x296

Parking

  • 3 Car Garage

Home Design

  • Bi-Level Home
  • Vinyl Siding

Interior Spaces

  • 1 Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Well

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 340004000690

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,598

Year Built

Built in 1982

Lot Details

0

Parking

3

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 3
  • Accessibility Features: Doors 36"+
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1982
  • Above Grade Finished Sq Ft: 1876
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Living Area: 2452
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 576
  • Basement YN: Yes
  • Dining Room Type: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Living Room, Kitchen, Family Room

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Baseboard, Fireplace(s)
  • Sewer: City Sewer/Connected
  • Fuel: Electric,Natural Gas

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 1295x296
  • Lot Size Sq Ft: 304920
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 340004000690
  • Tax Annual Amount: 2598
  • TaxWithAssessments: 2598.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2025
Closed on
Oct 30, 2025
Sold by
Judnick Andrew R and Judnick Ashley N
Bought by
Tokarczyk David J
Seller's Agent
Steven Koleno
Beycome Brokerage Realty LLC
Buyer's Agent
Norma Jean Jofs
Next Door Realty
List Price
$369,000
Sold Price
$342,000
Premium/Discount to List
-$27,000
-7.32%
Views
124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.34%
Original Mortgage
$325,000
Outstanding Balance
$325,000
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$10,347

Purchase Details

Listed on
Aug 7, 2020
Closed on
Nov 17, 2020
Sold by
Wengler Miriam
Bought by
Judnick Andrew R and Judnick Ashley N
Seller's Agent
Norma Jean Jofs
Next Door Realty
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$196,000
Sold Price
$196,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.08%
Original Mortgage
$186,200
Interest Rate
2.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $342,000 Concierge Title
Warranty Deed $196,000 All American Title
Deed $196,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $325,000 New Conventional
Previous Owner $186,200 New Conventional
Closed $196,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2025 10/03/25 Sold $342,000 -3.4% $139 / Sq Ft
09/11/2025 09/11/25 Pending -- -- --
07/14/2025 07/14/25 Price Changed $354,000 -1.4% $144 / Sq Ft
05/20/2025 05/20/25 Price Changed $359,000 -2.7% $146 / Sq Ft
05/08/2025 05/08/25 For Sale $369,000 +88.3% $150 / Sq Ft
11/17/2020 11/17/20 Sold $196,000 0.0% $70 / Sq Ft View Prior Sale
09/01/2020 09/01/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $196,000 -- $70 / 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 $2,400 $260,200 $48,200 $212,000
2023 $2,400 $253,800 $48,200 $205,600
2022 $2,024 $221,000 $44,400 $176,600
2021 $1,982 $179,500 $25,000 $154,500
2020 $2,270 $179,500 $25,000 $154,500
2019 $1,936 $168,800 $25,000 $143,800
2018 $1,966 $162,000 $25,000 $137,000
2017 $2,098 $165,400 $25,000 $140,400
2016 $1,990 $178,200 $22,000 $156,200
2015 $1,719 $140,800 $18,800 $122,000
2014 $1,719 $133,700 $18,600 $115,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6717895

NorthstarMLS

APN: 340004000690