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  • $905,400

    1474 Grant McMahan Blvd, Ely, MN 55731

    2beds
    2baths
    1,440sqft
    SingleFamily
    Built in 1981
    2.3 Acres Lot
    $905,400 Zestimate®
    $629/sqft
    $1,941 Estimated rent

    Home value

    $905,400

    $833,000 - $987,000

    $1,941/mo

    Zestimate® history
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    What's special

    This barrier-free, hand scribed log home located on the north shore of Shagawa Lake has 2,500+/- sq. feet of living space with 2.3+/- acres and 228+/- feet of shoreline. Barrier-free access from the attached garage, to the entry, into the main living area including the master bedroom and bath. The main floor living area features an open kitchen and dining area with a stone, wood-burning fireplace, visible from all rooms, living room, master bedroom, two bathrooms and a 16' x 16' four season porch overlooking the lake. The loft bedroom is 22' x 15' and has large storage areas under the eaves. The lower walkout level has a 14' x 26' family room, bedroom, half bath, sauna with a shower and a utility area. The lower level could easily be an additional living area for another family member. The home is wired for gas back-up generator, included. There is a heated entry and a log, heated, attached garage with overhead storage and wired for 220. The new Morton building is on a slab and is insulated, heated and also wired for 220. 40 ft. lift dock and beach area. New furnace, air conditioning and roof in 2008. There are yard lights and motion sensor lights on home and Morton building. The dock and shoreline also has lights. Paved entrance to the garage and carport. Owner-Agent. Brokered And Advertised By: Bear Island Land Co., Inc Listing Agent: Janet Erchul

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2.5
    Heating
    • Forced air
    Cooling
    • Central
    Features
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,440 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Exterior features: Wood
    • Has view: Yes
    • View description: Territorial, Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 2.3 Acres
    Details
    • Parcel number: 465002003222

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • log
    • Roof: Asphalt
    Condition
    • Year built: 1981

    Community & HOA

    Location
    • Region: Ely

    Financial & listing details

    • Price per square foot: $629/sqft
    • Tax assessed value: $774,000
    • Annual tax amount: $6,244

    Price history

    DateEventPrice
    7/29/2022Sold$700,000+0.1%$486/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6103065 Report a problem
    6/27/2022Pending sale$699,000$485/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6103065 Report a problem
    5/31/2022Contingent$699,000$485/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6103065 Report a problem
    5/26/2022Listed for sale$699,000+31.9%$485/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6103065 Report a problem
    10/26/2015Sold$530,000-9.4%$368/sqft
    Source: Public Record Report a problem
    2/26/2015Listing removed$585,000$406/sqft
    Source: Bear Island Land Co., Inc #6001961 Report a problem
    2/7/2014Listed for sale$585,000-1.7%$406/sqft
    Source: Bear Island Land Co., Inc #6001961 Report a problem
    8/16/2013Listing removed$595,000$413/sqft
    Source: Bear Island Land Co., Inc #6000479 Report a problem
    2/21/2013Listed for sale$595,000-11.9%$413/sqft
    Source: Bear Island Land Co., Inc #6000479 Report a problem
    10/26/2012Listing removed$675,000$469/sqft
    Source: Bear Island Land Co., Inc #31391 Report a problem
    5/10/2012Price change$675,000-3.4%$469/sqft
    Source: Bear Island Land Co., Inc #31391 Report a problem
    5/6/2012Listed for sale$699,000$485/sqft
    Source: Bear Island Land Co., Inc #31391 Report a problem
    10/17/2011Listing removed$699,000$485/sqft
    Source: BWCA Real Estate #28761 Report a problem
    1/1/2011Price change$699,000-9.8%$485/sqft
    Source: BWCA Real Estate #28761 Report a problem
    7/18/2010Listed for sale$775,000$538/sqft
    Source: BWCA Real Estate #28761 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$6,244 +10.9%$774,000 +18%
    2023$5,630 +12.2%$655,900 +17.6%
    2022$5,018 +0.6%$557,600 +20.6%
    2021$4,988 $462,200
    2020$4,988 $462,200
    2019$4,988 +29.4%$462,200 +22.7%
    2018$3,854 -7%$376,800
    2017$4,146 +7.6%$376,800 +8.5%
    2016$3,854 +8.9%$347,200 -14.7%
    2015$3,540 -15.3%$407,000
    2014$4,180 -5.7%$407,000 -4.4%
    2013$4,434 +2.7%$425,900 -2.5%
    2012$4,316 +21.5%$436,800 +4.5%
    2011$3,553 -4.8%$418,000 -5.1%
    2010$3,734 $440,300
    2009$3,734 -8.9%$440,300
    2008$4,098 +6.1%$440,300 +13.7%
    2007$3,862 +41.3%$387,300 +15%
    2006$2,733 +5.7%$336,800 +32.2%
    2004$2,584 +11.4%$254,700 +12.6%
    2003$2,320 +17.4%$226,100 +10%
    2002$1,976 -20.3%$205,500 +22%
    2001$2,479 +6.7%$168,400 +9.1%
    2000$2,323 $154,300
    Find assessor info on the county website

    Neighborhood: 55731

    Nearby schools

    GreatSchools rating
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