NOT LISTED FOR SALE

3203 Shady Rest Ely, MN 55731

Estimated Value: $575,151 - $762,000

2 Beds
2.5 Baths
4,320 Sq Ft
$149/Sq Ft Est. Value

Last Sold August 12, 2020

Last sale price $388,500 $90 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,875/month

29 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Guest House
  • Sauna
  • 200 Feet of Waterfront
  • Spa
  • Panoramic View

About This Home

As of August 2020

Magnificent country home near White Iron Lake with deeded access to the lake. Home has over 3,700 sq. ft. of elegant living space, including large living room, formal dining room and spacious kitchen on main level. Upper level includes large master bedroom with extra large closets and full walk through master bathroom which includes a Jacuzzi bathtub. Second smaller bedroom also on upper level. Finished walkout basement features a third bedroom, cedar paneled 3/4 bathroom, large family room and a cedar sauna with running water. Other structures include a 34 X 34 garage with a heated workshop and an attached 10 ft. lean to shed for additional storage or third stall of garage. A 12 X 14 screen porch, surrounded by decks and landscaped perennial flower gardens. It even has its own private driveway. Other recent improvements to property include Mesabi Granite black counter-tops in kitchen. New stainless steel appliances and new washer and dryer. Outside bread and pizza oven. New metal roofs on home that have a shingled appearance. Several vegetable gardens. And all of this under towering red and white pines.

Last Listed By

Phil Hyde

Bear Island Land Co., Inc Listed on: 05/15/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,242

Year Built

  • Built in 1997

Lot Details

  • 3 Acre Lot
  • Lot Dimensions are 415 x 250
  • 200 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Elevated Lot
  • Street terminates at a dead end
  • Corner Lot
  • Level Lot
  • Irregular Lot
  • Landscaped with Trees

Home Design

  • Contemporary Architecture
  • Plaster Walls
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Paneling
  • Ceiling Fan
  • Double Pane Windows
  • Bay Window
  • Wood Frame Window
  • Entrance Foyer
  • Living Room
  • Formal Dining Room
  • Den
  • Recreation Room
  • Lower Floor Utility Room
  • Sauna
  • Wood Flooring
  • Panoramic Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Kitchen Island

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Gravel Driveway

Outdoor Features

  • Spa
  • Deeded Waterfront Access Rights
  • Deck
  • Patio
  • Outdoor Kitchen
  • Separate Outdoor Workshop
  • Storage Shed

Utilities

  • Dual Heating Fuel
  • Heating System Uses Propane
  • Drilled Well
  • Electric Water Heater
  • Fuel Tank
  • Mound Septic
  • Private Sewer
  • Satellite Dish

Additional Features

  • Stepless Entry
  • Energy-Efficient Windows
  • Guest House
  • Bunk House

Community Details

  • Association fees include snow removal

Listing and Financial Details

  • Assessor Parcel Number 28-6225-02010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,242

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, Drive east on Hwy 169, turn right on Kiwishiwi Trail and drive about 3 miles to Sunset Rd. Drive 2 miles on Sunset Rd then turn right on Big rock, then left on shady rest, look for address (3203)
  • InternetOptions: Satellite
  • L O1 Office Phone1 Number: 218-365-2800
  • List Price/ Sq Ft: 89.93
  • Road Maintenance: Association
  • Property Sub-Type: SF/Detached
  • Tax Year: 2020
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: Yes
  • Ada Features: No Stairs External
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Sauna, Walk-In Closet, Foyer Entry, Panelled Walls, Plaster Walls, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Patio, Outdoor Kitchen
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2880
  • Below Grade Finished Sq Ft: 1440
  • Garage Type: Detached
  • Heat: Dual Fuel/Off Peak, Propane, Electric
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: Yes
  • Reso Roof: Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1997
  • Level 1 Bedroom: Second Floor
  • RoomLevel3: Lower
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Features: Finished, Walkout, Bath, Bedrooms, Den/Office, Family/Rec Room, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Wood
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Master, 1/2 Main Floor
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen, Formal Dining Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Master Bedroom
  • Bathroom 2: Bedroom
  • Main Residence Features:Family Room4: Living Room
  • Bedroom 5: Dining Room
  • Stories: 2 Story
  • Room 6: Kitchen
  • Room 7: Rec Room
  • Room 8: Spa/Sauna
  • Total Bathrooms: 3
  • Total Fin Square Footage: 4320
  • Exercise Room Level2: Second Floor

Exterior Features

  • Out Buildings: Screenhouse, Storage Shed, Workshop, Bunkhouse, Guesthouse
  • Road Frontage: County, Dead End/No Outlet
  • Waterfront Access: Deeded Access
  • Water Frontage In Feet: 200
  • Waterfront Name: White Iron
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Bay Window, Double Glazed, Energy Windows, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Capacity: 2

Utilities

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

Fee Information

  • Association Fee Includes: Snow Removal

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2020-05-15
  • Estimated Lot Dimensions: 415 x 250
  • Estimated Number of Acres: 3
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Corner Lot, Irregular Lot, Landscaped, Tree Coverage - Medium, High, Level
  • Parcel Number: 28-6225-02010
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional, FHA

Tax Info

  • Tax Amount: 2241.82

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2013
Sold by
Burg Edward L and Burg Joyce H
Bought by
Campe Jo H and Wilson Catherine J
Total Days on Market
29
Current Estimated Value
$643,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,400
Outstanding Balance
$174,403
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$468,635

Purchase Details

Closed on
Dec 9, 2011
Sold by
Burg Edward L and Burg Joyce H
Bought by
Burg Edward L and Burg Joyce H

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Campe Jo H $335,000 Northeast Title Company
Burg Edward L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campe Jo H $25,000
Open Campe Jo H $242,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2020 08/12/20 Sold $388,500 0.0% $90 / Sq Ft
06/13/2020 06/13/20 Pending -- -- --
05/15/2020 05/15/20 For Sale $388,500 -- $90 / 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
2024 $3,518 $501,200 $55,600 $445,600
2023 $2,186 $484,500 $55,400 $429,100
2022 $2,928 $483,600 $53,800 $429,800
2021 $2,928 $382,700 $61,200 $321,500
2020 $2,242 $68,200 $62,300 $5,900
2019 $2,239 $214,800 $62,300 $152,500
2018 $2,277 $278,800 $59,200 $219,600
2017 $2,054 $280,600 $59,200 $221,400
2016 $2,009 $264,700 $64,900 $199,800
2015 $1,786 $265,700 $65,500 $200,200
2014 $1,786 $0 $0 $0
2013 $1,393 $0 $0 $0
2012 $1,384 $0 $0 $0
Source: Public Records

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Source: Lake Superior Area REALTORS®

MLS Number: 6090042

APN: 28-6225-02010