Sold for $711,000

Street View

$711,000

1588 Highway 21, Ely, MN 55731-0000

3beds

3,349sqft

Single Family Residence

Built in 2008

25 Acres Lot

$717,200 Zestimate^®

$212/sqft

$2,846 Estimated rent

Home value

$717,200

$645,000 - $789,000

$2,846/mo

Zestimate^® history

Owner options

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$2,846/mo

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$2,846/mo

Rent Zestimate^®

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$4,449/mo

Est. payment

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$4,449/mo

Est. payment

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What's special

Discover Serenity and Luxury Combined in this Stunning Wilderness Escape Nestled on the fringe of Ely and embraced by the tranquility of 25 sprawling acres, this exquisite 3BR/3BA 3349 sq ft custom home offers a connection to nature, bordering hundreds of acres of pristine State and Federal Land. Designed with no detail overlooked, this residence delivers the dream of wilderness living without sacrificing an ounce of modern luxury. The heart of the home is adorned with a custom wood mantel, hearth, header, and post pieces made of Kauri Wood, estimated to be 30,000 years old, sourced from New Zealand, adding a touch of history and uniqueness. The gourmet kitchen is a chef's dream, featuring black granite backsplashes, granite countertops, knotty alder cabinets, and a prestigious 6 burner Wolf stove and subzero double refrigerator. The breakfast bar and island, alongside the walk-in pantry, make meal prep a breeze. 10' high ceilings throughout the home enhance the sense of space

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
3/4 bathrooms: 1
Main level bedrooms: 1

Bedroom

Level: Main
Area: 233.8 Square Feet
Dimensions: 16.7 x 14

Bedroom

Level: Main
Area: 156.51 Square Feet
Dimensions: 14.1 x 11.1

Bedroom

Level: Main
Area: 187.65 Square Feet
Dimensions: 13.5 x 13.9

Dining room

Level: Main
Area: 147.4 Square Feet
Dimensions: 13.4 x 11

Family room

Level: Upper
Area: 198 Square Feet
Dimensions: 18 x 11

Kitchen

Level: Main
Area: 225 Square Feet
Dimensions: 15 x 15

Living room

Level: Main
Area: 310.44 Square Feet
Dimensions: 19.9 x 15.6

Office

Level: Main
Area: 183.6 Square Feet
Dimensions: 13.5 x 13.6

Other

Level: Main
Area: 198 Square Feet
Dimensions: 9.9 x 20

Heating

Dual Fuel/Off Peak, Natural Gas, Electric

Cooling

Central Air

Appliances

Included: Water Heater-Electric, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Features

Has basement: No
Number of fireplaces: 2
Fireplace features: Wood Burning

Interior area

Total interior livable area: 3,349 sqft
Finished area above ground: 198
Finished area below ground: 3,151

Property

Parking

Total spaces: 6
Parking features: Attached, Detached
Attached garage spaces: 6

Lot

Size: 25 Acres
Dimensions: 917.00 x 722.00

Details

Parcel number: 465001002797,2801,2796
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Cement Board, Stone, Frame/Wood
Roof: Asphalt Shingle

Condition

Previously Owned
Year built: 2008

Utilities & green energy

Electric: Lake Country Power
Sewer: Private Sewer
Water: Private

Community & HOA

HOA

Has HOA: No

Location

Region: Ely

Financial & listing details

Price per square foot: $212/sqft
Tax assessed value: $549,900
Annual tax amount: $4,895
Date on market: 4/29/2024
Cumulative days on market: 56 days
Listing terms: Cash,Conventional,FHA,VA Loan

Price history

Date	Event	Price
7/18/2024	Sold	$711,000-5.1%$212/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113381 Report a problem
6/24/2024	Pending sale	$749,000$224/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113381 Report a problem
4/27/2024	Listed for sale	$749,000$224/sqft
Source: Range AOR #146595 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,796 +5.9%	$549,900 +4%
2023	$4,528 +4.9%	$528,900 +14.4%
2022	$4,318 +6.8%	$462,500 +15.3%
2021	$4,044	$401,200 +5.3%
2020	$4,044	$380,900
2019	$4,044 +7.8%	$380,900 +3.5%
2018	$3,752 -0.8%	$368,000
2017	$3,784 +0.9%	$368,000 +5.1%
2016	$3,752 +4.9%	$350,100 +1.7%
2015	$3,576 +1.9%	$344,400
2014	$3,510 -2.6%	$344,400 -1.5%
2013	$3,606 -5.4%	$349,500 -9.9%
2012	$3,811 +16.2%	$388,000 -0.5%
2011	$3,279 +1464.8%	$390,100 +454.1%
2010	$210	$70,400
2009	$210 -38.9%	$70,400 +89.2%
2008	$343 +36.6%	$37,200 +57.6%
2007	$251	$23,600