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$449,000   Price Analysis
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7199 Ely Lake Dr
Fayal, MN 55734
2 bed 2 bath 1,415 SqFt ($317/SqFt)
0.71 acre lot. Built 2011
Listed 2024-07-09, Taxes $3,940
USDA Eligible
near Eveleth, MN
 

Introducing an unparalleled opportunity to own a coveted home on the serene shores of Ely Lake.

* Sale Pending *

Offered for the first time, this custom-built home sits on almost an acre and with 101 feet of shoreline. Tucked under the pretty pines, you'll find this stunning 2-bedroom, 2-bathroom custom home offering over 1, 400 sq. ft. of luxury living spac. It blends modern amenities with timeless charm. Elegant and durable hardwood floors, vaulted ceilings with Black Ash tongue and groove add a touch of rustic elegance.

Primary suite features a tiled walk-in shower and deep walk-in jetted tub. Dining room, kitchen and living room are all open floor concept. Airy loft also affords pleasing views year-round. In floor heat throughout. The gas fireplace is a focal point as you walk in and are mesmerize by the hand placed stones and the floor to ceiling built in bookcases. Not to mention the stunning views of the lake from every angle of the home.


Presented by Andrea Zupancich REALTOR GRI, CRS, SRS, RENE, CRBM, C2EX at
Z' UP NORTH REALTY.
Listing Agent Photo

Property MLS #6565468 from NorthstarMLS

Bedrooms: 2

Total Rooms: 6

Dishwasher
Dryer
Microwave
Range
Washer

Cooling Features: Ductless Mini-Split
Fireplace Features: Gas Burning
Heating Features: Fireplace, In-Floor Heating
Heating Fuel: Propane
Number of Fireplaces: 1

Full Bathrooms: 1
1/2 Bathrooms: 1

Dining Room Features: Informal Dining Room, Kitchen/Dining Room, Living/Dining Room

Water Body Name: Ely
Lake Front
Waterfront Feet: 101

Wood

Land Lease Amount Frequency: No
Lot Size Acres: 0.709
Lot Size Dimensions: 155 x 276
Lot Size Square Feet: 30884

Garage Spaces: 3
Parking Features: Driveway - Asphalt
Garage Dimensions: 24 x 24
Garage Sqft: 576

Hardwood Floors
Kitchen Center Island
Natural Woodwork
Vaulted Ceiling(s)

Association: No
Calculated Total Monthly Association Fees: 0

School District: 2154 - Eveleth-Gilbert

Eveleth-Gilbert Senior High School is a public high school located approximately 3.5 miles away.
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Eveleth Gilbert Hope Program is a public high school located approximately 3.5 miles away.
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Eveleth-Gilbert Junior High School is a public middle school located approximately 3.5 miles away.
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Nelle Shean Elementary School is a public elementary school located approximately 3.5 miles away.
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Annual Tax Amount: 4369.00
Source Listing Status: Pending
County: St. Louis-MN
Directions: Cty hwy 97 to Ely Lake Road to Fire Number
Tax Year: 2024
Source Property Type: Single Family
Source Neighborhood: Ely Lake Cottage Sites
Parcel Number: 340007000160
Subdivision: Ely Lake Cottage Sites
Zoning: Residential-Single Family
Property Subtype: (SF) Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$189,752 + $111,562
$301,314
$3,940
2021$163,183 + $103,687
$266,870
$3,408
2020$163,183 + $103,687
$266,870
$3,845
2019$163,183 + $103,687
$266,870
$3,438
2018$158,826 + $103,466
$262,292
$3,364
2017$125,939 + $98,639
$224,578
$2,910
2016$149,200 + $114,500
$263,700
$3,618
2015$136,300 + $110,000
$246,300
$3,542
2014$136,300 + $110,000
$246,300
$3,462
2013$82,400 + $99,600
$182,000
$2,408
2011$82,500 + $112,400
$194,900
$2,150
2010$99,700 + $134,600
$234,300
$2,406
2009$99,700 + $134,600
$234,300
$2,368
2008$96,000 + $129,500
$225,500
$2,605
2007$83,000 + $113,100
$196,100
$2,370

Listed 2024-07-09
$449,000
NorthstarMLS
Listed 2024-07-06
$449,000
RangeMLS
Listed 2024-07-04
$449,000
LakeSuperiorAreaRealtors
Sold 2011-05-02
$190,000
Public Record

Total Square Feet Living: 1415
Above Grade Finished Area: 1415
Construction Materials: Frame
Foundation Area: 1175.00
Property Age: 13
Property Condition: Previously Owned
Roof: Asphalt Shingles
Levels or Stories: 1
Total Above Grade Sqft Area: 1415.00
Total Area Main: 1415.00

Electric: 200+ Amp Service
Sewer: City Sewer/Connected
Water Source: Drilled
Click Thumbnail Images To View Full Size
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.