NOT LISTED FOR SALE

8725 Birch Lake Rd Ely, MN 55731

Estimated Value: $388,000 - $712,000

2 Beds
1 Bath
784 Sq Ft
$720/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $580,000 $740 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,313/month

25 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Lake View
  • Docks
  • Sauna
  • Deck

About This Home

As of August 2019

Magnificent Log Cabin Retreat on the shores of Birch Lake!! This +-5 acres property boosts +-255' of shore and a beautiful year round Bissonett log cabin with 2 bedrooms, custom design bath, gourmet kitchen, cozy living space with free standing wood stove, and a grand dining room that extends onto a huge open deck facing WEST. This retreat also features a 16x20 log wood fired sauna and guest quarter/bath with covered porch. Then move to the 32x32 garage with half of the building transformed into living space with kitchenet, washer & dryer, bunkroom and bath with outdoor shower. The 2nd 32x32 garage is perfect for all your storage needs. Private, beautiful back drop of wooded forest, fiber optic internet, drilled well, 32x8 dock with 2 boat lifts, A MUST SEE!

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 06/27/2019

Keller Williams Classic Realty NW - Ely

Last Buyer's Agent

Kate Davies

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,286

Year Built

  • Built in 1985

Lot Details

  • 4.8 Acre Lot
  • Lot Dimensions are 414x529x337x290
  • Private Waterfront
  • 255 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Property fronts a county road
  • Elevated Lot
  • Level Lot
  • Sprinkler System
  • Many Trees

Home Design

  • Log Cabin
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 784 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Free Standing Fireplace
  • Living Room
  • Formal Dining Room
  • Sauna
  • Kitchen Island
  • Wood Flooring
  • Lake Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • 3 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Docks
  • Lake, Pond or Stream
  • Deck
  • Patio
  • Pole Barn

Utilities

  • Heating System Uses Wood
  • Baseboard Heating
  • Private Water Source
  • Drilled Well
  • Gas Water Heater
  • Mound Septic
  • Private Sewer
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 610-0030-00150/00160

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,286

Year Built

Built in 1985

Lot Details

4.8 Acres

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely south on Hwy 21, Left on Hwy 120, Right on Birch Lake Road follow to North Bay Plat Sign and take a left to Fire number on right.
  • InternetOptions: Fiber Optic
  • Waterfront Info Lake Chain: Yes
  • Waterfront Info Lake Maximum Depth: 25
  • L O1 Office Phone1 Number: 218-365-3665
  • ShorelineCharacteristics: Gravel, Hard, Rocky, Sand, Shore-Accessible
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • Twp Number: 61
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Reso Association Amenities: Hardwood Floors, Kitchen Center Island, Natural Woodwork
  • Amenities Exterior: Deck, Dock, Inground Spinkler System, Patio
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 784
  • Garage Type: Detached
  • Heat: Baseboard, Wood, Electric
  • Fireplaces: 1
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Dining Room
  • TotalBedrooms: 2
  • Year Built: 1985
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Slab, Posts
  • Bathroom 1 Level: Main
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Formal Dining Room
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bathroom
  • Room 7: Deck
  • Total Bathrooms: 1
  • Total Fin Square Footage: 784
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 7000
  • Out Buildings: Pole Building, Sauna, Other Buildings
  • Road Frontage: County, Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 255
  • Waterfront Name: Birch
  • Construction Status: Previously Owned
  • Exterior: Log

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 3
  • ParkingFeaturesGarageDimensions: 32x32, 32x32

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private, Mound
  • Water: Private, Drilled

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 414x529x337x290
  • Estimated Number of Acres: 4.8
  • Cultivated Acreage: LSAR
  • Geo Match Code: 3
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Landscaped, Tree Coverage - Heavy, Tree Coverage - Medium, High, Level, Rolling
  • Parcel Number: 610-0030-00150/00160
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 4286

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2019
Closed on
Aug 30, 2019
Sold by
Krumme Thomas E and Krumme Aharon M
Bought by
Romano Christopher J and Romano Kerry K
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Kate Davies
Bear Island Realty LLC
List Price
$580,000
Sold Price
$580,000
Current Estimated Value
$564,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,613
Avg. Annual Appreciation
-0.42%
Original Mortgage
$464,000
Outstanding Balance
$405,538
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$158,849
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Romano Christopher J $580,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romano Christopher J $464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $580,000 0.0% $740 / Sq Ft
07/22/2019 07/22/19 Pending -- -- --
06/27/2019 06/27/19 For Sale $580,000 -- $740 / 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
2024 $4,972 $512,600 $204,000 $308,600
2023 $4,972 $381,600 $152,700 $228,900
2022 $4,198 $381,600 $152,700 $228,900
2021 $3,746 $338,400 $151,400 $187,000
2020 $3,078 $300,800 $138,200 $162,600
2019 $3,224 $242,800 $113,700 $129,100
2018 $3,282 $257,700 $125,400 $132,300
2017 $3,268 $257,800 $125,500 $132,300
2016 $3,290 $258,100 $121,500 $136,600
2015 $3,354 $258,100 $121,500 $136,600
2014 $3,354 $258,100 $121,500 $136,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6084304

APN: 610003000160

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