NOT LISTED FOR SALE

TBD Otter Rd Ely, MN 55731

2 Beds
2 Baths
840 Sq Ft
5.1 Acres

Last Sold August 28, 2020

Last sale price $153,000 $182 Per Sq Ft

8 Days on Market

Highlights

  • Private Waterfront
  • Lake View
  • Log Cabin
  • Memorial High School Rated 9+
  • 5.1 Acre Lot
  • Wood Frame Window

About This Home

As of August 2020

Over 5 acres and 303 feet of shoreline on Fall Lake with direct water access to the BWCAW, and access to Basswood Lake and the Canadian border! Very private setting and there are 2 log cabins on the property that each have 1 bedroom, a kitchen, living room, and bathroom. These cabins would be a great place to enjoy until the decision is made to build a new home or cabin. The existing septic is in need of replacement. One can be installed, or the new owner could put in a composting or incinerating toilet, or outhouse for the short term. Presently no well. Electric service is presently from owners home nearby--new service will need to run to the cabins from the power company. Cabins are cute and come furnished. Cabins are on a hill, with a good path route to the lake where there is a hard bottom, rocky shoreline with nice views!!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 06/18/2020

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,762

Lot Details

  • 5.1 Acre Lot
  • Lot Dimensions are 580 x 400
  • Private Waterfront
  • 303 Feet of Waterfront
  • Lake Front
  • Elevated Lot

Parking

  • No Garage

Home Design

  • Log Cabin
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 1-Story Property
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Lake Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level

Utilities

  • No Cooling
  • No Heating
  • Water Not Available
  • Mound Septic

Listing and Financial Details

  • Assessor Parcel Number 28-6325-00040

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,762

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely drive East on 169 4.2 miles, take a left on Otter Rd, 2 gravel road on left
  • L O1 Office Phone1 Number: 218-365-2800
  • PropAdjoinsPublicLand: No
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Mfg And Park Info Construction Type: Log Home
  • FinFootageAboveGrade: 420
  • Below Grade Finished Sq Ft: 420
  • Garage Type: None
  • Heat: None
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 9999
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • RoomLevel8: Main
  • RoomLevel9: Main
  • Property Style: Log
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: 3/4 Main Floor, Full Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bathroom
  • Bedroom 5: Living Room
  • Stories: 1 Story
  • Room 6: Kitchen
  • Room 7: Dining Room
  • Room 8: Bedroom
  • Room 9: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 840
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 303
  • Waterfront Name: Fall
  • Construction Status: Previously Owned
  • Exterior: Log
  • Window Features:Insulated Windows: Wood Frame

Utilities

  • Power Company: Lake Country Power
  • Sewer: Mound
  • Water: None

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 580 x 400
  • Estimated Number of Acres: 5.1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, High, BWCA Area
  • Parcel Number: 28-6325-00040
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 2761.82

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2020 08/28/20 Sold $153,000 0.0% $182 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
06/18/2020 06/18/20 For Sale $153,000 -- $182 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jeff Hway

    Seller's Agent in 2020

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    37 in this area

    162 Total Sales

    Jeff Hway
    Section Image

  • J

    Buyer's Agent in 2020

    Jim Burke

    Keller Williams Classic Realty NW

    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6090987

Minnesota St Louis County Ely 55731

TBD Otter Rd, Ely, MN

Not Listed for Sale

Detached

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