2 months on rocket

60 W Lakeview Pl, Ely, MN, 55731

$595,000

Home List Price

$7,066*

Closing Credit

3 Bedrooms
3 Baths
2,000 SqFt
$298/SqFt
House

Location

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60 W Lakeview Pl, Ely$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

ParkingDetached
Garage2 spaces
HeatingFireplace(s), Wood, Propane
CoolingCentral Air
WaterfrontLake
FireplaceWood Burning
ViewLake
MLS #6116302
Lot Size1.67 Acres
StatusActive
(ACTIVE)

About 60 W Lakeview Pl

Awesome property located on Shagawa Lake in a large pine tree setting! The main house/lodge is a 2000 square foot year around home that has 3 bedrooms and 3 baths (third one is in process of remodel). The fantastic living area (with balcony above) has great views of the lake and a gorgeous stone wood burning fireplace. The feeling of great space is here as it is 2 stories high with vaulted ceilings! The large kitchen is fully set up for commercial use. Full unfinished basement. Also included are 4 furnished classic log cabins that are rented year around and can be used as you see fit for resort use, family retreats, guests, rentals, etc. Currently the cabins are rented to vacationers in the summer and college students in the winter. Each one has a bathroom with shower, etc. Property includes 1.67 acres, and approx. 258 feet of level user-friendly shoreline on Shagawa Lake, locally known as "The Walleye Lake" and is regularly stocked by the DNR. Property is in the Ely city limits and has city water and sewer. Great location that adjoins Ely's Semers Park that has one of the best swimming beaches in the entire area. Also, a garage, bait shop, fish cleaning house by the lake, RV sites with water and electric. This property is currently being operated as a busy resort and restaurant. Seasonal boat slip rentals. Sale includes all furnishings, 4 large docks, and 5 boats and motors, etc. What a fantastic place!!!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Stories: 1
  • Living Area: 2,000 SqFt

Listing Office:

  • Office Name: Bear Island Realty LLC
  • Listing Agent: Jeff Hway

Interior Features

Interior Information:

  • Interior: Hardwood Floors, Vaulted Ceilings
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake
  • Exterior: Balcony, Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Irregular Lot, Few Trees
  • Lot Size: 1.67 Acres

Utilities

Utilities Information:

  • Heating: Fireplace(s), Wood, Propane
  • Cooling: Central Air

Other

Directions Information:

  • Directions: In Ely, take Sheridan Street to Central Ave. Turn north and follow to West Shagawa Rd. Turn left and follow to N. Lakeview Place. Turn right and follow to the property on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $298/SqFt

Tax Information:

  • Annual Amount: $4,218
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Ely, MN.

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Ely, MN

City

Med. Sold Price

$199K

Med. Price/SqFt

$145

Avg. Days On Market

68

# of Sold Homes

8

60 W Lakeview Pl vs Ely

86 DAYS ON ROCKET

+18 Days

$595,000

+$396K More

$298/SqFt

+$153 More

KEY TAKEAWAY

This property is $396K more than the Median Sold Price and $153/SqFt more than other homes in Ely, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #6116302

Listing Office:

  • Office Name: Bear Island Realty LLC
  • Listing Agent: Jeff Hway

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$4,218$169,900
2019$2,326$139,260
2017$1,384$90,020

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-928432
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 0.87 miles

  • Public District Grades PK-5

school-card-donut-928433
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 14.12 miles

  • Public District Grades PK-6

school-card-donut-928434
2
/10

  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 19.65 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,750. Residents of Ely, MN typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 60 W Lakeview Pl

What is the listing price of this property?

The listing price of 60 W Lakeview Pl property is $595,000.

What type of property is this?

The property 60 W Lakeview Pl is a house located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 60 W Lakeview Pl is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,218 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 60 W Lakeview Pl has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 60 W Lakeview Pl is 2,000 SqFt (source: MLS/tax record).

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›60 W Lakeview Pl

This home is located at 60 W Lakeview Pl in Ely, MN and zip code 55731. This 2,000 square foot home sits on a 1.67 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $595,000.

In November 2024 more than 0 listings in Ely, MN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below. The number of listings in Ely, MN decreased by 16.7% between October 2024 and November 2024. Listings spent 68 days on the market in November 2024, and had a median list price of $199,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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