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1876 Grant Mcmahan Blvd, Ely, MN, 55731

$779,000

Home List Price

$9,251*

Closing Credit

3 Bedrooms
1 Full Bath
2,360 SqFt
$330/SqFt
House
Schools Nearby

Location

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1876 Grant Mcmahan Blvd, Ely$779,000

Buyer Closing Credits

$9,251*

1.25% Loan Amount

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Property Highlights

ParkingDetached
Garage530 spaces
Year Built1998
HeatingBaseboard, Fireplace(s), Forced Air, Wood, Electric
WaterfrontLake
FireplaceWood Burning
MLS #6112633
Lot Size2.70 Acres
StatusActive
(ACTIVE)

About 1876 Grant Mcmahan Blvd

Welcome to 1876 Grant. This 3bed, 2bath log home is nestled on 2.7 acres (1.5 across bay) of Shagawa Lake in the picturesque town of Ely, MN. The home is a perfect blend of rustic and contemporary comfort, providing a destination for nature lovers just minutes from vibrant downtown Ely. 1876 Grant is loaded with wood accents and quality craftsmanship including: hand built banisters & steps, Corian counters, hard wood floors, & a butcher block island. Additional features include a jacuzzi tub, main floor bedroom, upper bedroom balcony & outdoor sauna. The cabin was designed with the outdoors in mind. Wall to wall sliding glass doors take you to a wrap around deck & beautiful sloping steps down to 325 ft of secluded shoreline. The dock, sauna & outdoor fire pit ensure an abundance of memories made in Minnesota paradise. *This is a successful VRBO rental approved by the city & county with bookings well into 2024 - check out the listing on VRBO for more info property ID 2448122* Be sure to get a showing today, this is the absolute perfect lake home.

Property Details

Property Features

Property Information:

  • Architectural Style: Log
  • Year Built: 1998
  • Stories: 1
  • Living Area: 2,360 SqFt

Listing Office:

  • Office Name: Side by Side Realty, LLC
  • Listing Agent: Scott Hoefler

Interior Features

Interior Information:

  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake

Parking Information:

  • Garage Space: 530 spaces
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot Size: 2.70 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Fireplace(s), Forced Air, Wood, Electric

School Info

Assigned Schools Information:

  • Memorial High School, Public District Grades 7-12
  • Memorial Middle School, Public District Grades 6-8
  • Washington Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Hwy 169 take Grant McMahan Blvd/CR88 to 1876

Price Information

Listing Price Info

Price Summary:

  • List Price: $779,000
  • Price Per SqFt: $330/SqFt

Tax Information:

  • Annual Amount: $3,434
  • 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

$236K

Med. Price/SqFt

$173

Avg. Days On Market

293

# of Sold Homes

2

1876 Grant Mcmahan Blvd vs Ely

47 DAYS ON ROCKET

-246 Days

$779,000

+$543K More

$330/SqFt

+$156 More

KEY TAKEAWAY

This property is $543K more than the Median Sold Price and $156/SqFt more than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6112633

Listing Office:

  • Office Name: Side by Side Realty, LLC
  • Listing Agent: Scott Hoefler

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: 4/29/2024, 6:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 29, 2014Home Sold
$30,000
Jul 11, 2014Home Sold
$295,000
Sep 29, 2010Home Sold
$400,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,434$308,400
2019$3,164$298,916
2017$2,828$278,206

History based on county public records data.

Payment Calculator

$3,955

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,402

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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.

Elementary School

school-card-donut-3254847
5
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 1.99 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3254848
7
/10

  • Memorial Middle School

  • 600 E Harvey St

  • 1.99 miles

  • Public District Grades 6-8

High School

school-card-donut-3254849
8
/10

  • Memorial High School

  • 600 E Harvey St

  • 1.99 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,795. Most Ely, MN residents have annual incomes between $35k-100k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1876 Grant Mcmahan Blvd

What is the listing price of this property?

The listing price of 1876 Grant Mcmahan Blvd property is $779,000.

What type of property is this?

The property 1876 Grant Mcmahan Blvd is a house located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 1876 Grant Mcmahan Blvd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1876 Grant Mcmahan Blvd are:
Washington Elementary School: GreatSchools Rating 5/10
Memorial Middle School: GreatSchools Rating 7/10
Memorial High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,434 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 29, 2014 for $30,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1876 Grant Mcmahan Blvd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1876 Grant Mcmahan Blvd is 2,360 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1876 Grant Mcmahan Blvd is 1998.

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›1876 Grant Mcmahan Blvd

This home is located at 1876 Grant Mcmahan Blvd in Ely, MN and zip code 55731. This 2,360 square foot home, which was built in 1998, sits on a 2.70 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 13, 2024 and is currently priced at $779,000.

While more than 0 listings in Ely, MN in March 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below. In March 2024 in Ely, MN there were 4.5% more homes for sale than in February 2024. While the average time on the market in March 2024 was 293 days, the median list price was $236,000.

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

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