NOT LISTED FOR SALE

TBD Fall Lake Ely, MN 55731

Estimated Value: $373,635 - $488,000

2 Beds
-- Bath
800 Sq Ft
$539/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $299,500 $374 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,458/month

89 Days on Market

Highlights

  • 527 Feet of Waterfront
  • Deck
  • Log Cabin
  • Panoramic View
  • Wood Flooring
  • Woodwork

About This Home

As of May 2020

Extremely Rare Year Round Log Cabin Retreat--NORTH PROPERTY LINE IS THE BWCA, E line is Federal forest! Located just off the southern tip of Mile Island, set on apx 15 acres & 527 ft south facing sandy swimming shoreline. Only 8 miles to Ely. Fall Lake is 2258 acres with the NE portion in the BWCA , 32 ft deep & known for walleye fishing. 800 SF, 2BR authentic log cabin built from trees on the property in 1996, solidly set on permanent concrete footings. Covered lakeside deck off vaulted main room, working antique wood stove, insulated ceiling & floor, gas lights plus permanent electricity (no generator needed), modern kitchen appliances. Work shed. Roll in dock w/electric winch. Well. Relax, swim or catch Walleyes right off your dock. One of a kind secluded boreal forest retreat. As close as it gets to having a log cabin in the Boundary Waters. Click link for 3D Tour!

Last Agent to Sell the Property

Lisa Janisch

Janisch Realty Inc. Listed on: 01/29/2020

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,729

Year Built

  • Built in 1996

Lot Details

  • 15 Acre Lot
  • Lot Dimensions are 1239x527
  • 527 Feet of Waterfront
  • Lake Front
  • Lot Has A Rolling Slope
  • Many Trees

Parking

  • No Garage

Property Views

  • Lake
  • Panoramic

Home Design

  • Log Cabin
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 2 Bedrooms
  • 800 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Wood Burning Fireplace
  • Living Room
  • Combination Kitchen and Dining Room
  • Wood Flooring
  • Crawl Space

Kitchen

  • Range
  • Microwave

Outdoor Features

  • Shared Waterfront
  • Deck
  • Storage Shed
  • Outhouse

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Water Not Available
  • Not Connected to Sewer

Listing and Financial Details

  • Assessor Parcel Number 28-6311-09750

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,729

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: By boat. Due W of Entry Point 24.
  • L O1 Office Phone1 Number: 218-780-6644
  • ShorelineCharacteristics: Gravel, Sand
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • Twp Number: 63
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Hardwood Floors, Natural Woodwork
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 800
  • Garage Type: None
  • Heat: Wood
  • MainFloorBath: No
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1996
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Crawl Space
  • Bathroom Description: None
  • Formal Dining: Combine with Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Total Fin Square Footage: 800
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Storage Shed
  • Waterfront Access: Public
  • Water Frontage In Feet: 527
  • Waterfront Name: Fall
  • Construction Status: Previously Owned
  • Exterior: Log

Utilities

  • Power Company: Lake Country Power
  • Sewer: None, Outhouse
  • Water: None

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 1239x527
  • Estimated Number of Acres: 15
  • Cultivated Acreage: LSAR
  • Geo Match Code: 2
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Heavy, Rolling, BWCA Area
  • Parcel Number: 28-6311-09750
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2728.6

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2020
Closed on
May 15, 2020
Sold by
Thiet David T and Thiet Sheri C
Bought by
Demars Candille D and Demars Tracy L
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$299,500
Sold Price
$299,500
Current Estimated Value
$431,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,909
Avg. Annual Appreciation
6.76%
Original Mortgage
$155,000
Outstanding Balance
$122,813
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$308,596
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 Buyer Sale Price Title Company
Demars Candille D $299,500 None Available
Thiet David T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thiet David T $155,000
Closed Demars Candille D $155,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2020 05/29/20 Sold $299,500 0.0% $374 / Sq Ft
04/27/2020 04/27/20 Pending -- -- --
01/29/2020 01/29/20 For Sale $299,500 -- $374 / Sq Ft
Source: Lake Superior Area REALTORS®

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
2025 $2,380 $335,100 $135,100 $200,000
2024 $1,243 $337,300 $135,100 $202,200
2023 $1,196 $303,600 $127,200 $176,400
2022 $2,358 $264,500 $127,200 $137,300
2021 $2,311 $256,600 $176,000 $80,600
2020 $2,729 $246,100 $176,000 $70,100
2019 $2,680 $264,900 $207,900 $57,000
2018 $2,835 $264,900 $207,900 $57,000
2017 $3,209 $277,000 $219,400 $57,600
2016 $3,203 $318,200 $270,200 $48,000
2015 $3,207 $318,700 $270,200 $48,500
2014 $3,207 $0 $0 $0
2013 $3,815 $0 $0 $0
2012 $3,753 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Janisch

    Seller's Agent in 2020

    Lisa Janisch

    Janisch Realty Inc.

    (218) 780-6644

    304 Total Sales

    Lisa Janisch
    Section Image

  • N

    Buyer's Agent in 2020

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6088094

APN: 28-6311-09750

Minnesota Lake County Ely 55731

TBD Fall Lake, Ely, MN

Not Listed for Sale

Detached

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