3203 Shady Rest Rd

Ely, MN 55731

$388,500
Last Sold Price
2
Beds
4,320 Sq. Ft.
$90 / Sq. Ft.
4,320
Sq. Ft.
$90
per Sq. Ft.
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Sold 8/12/20
Sold 8/12/20

Description

Magnificent country home near White Iron Lake with deeded access to the lake. Home has over 3,700 sq. ft. of elegant living space, including large living room, formal dining room and spacious kitchen on main level. Upper level includes large master bedroom with extra large closets and full walk through master bathroom which includes a Jacuzzi bathtub. Second smaller bedroom also on upper level. Finished walkout basement features a third bedroom, cedar paneled 3/4 bathroom, large family room and a...Magnificent country home near White Iron Lake with deeded access to the lake. Home has over 3,700 sq. ft. of elegant living space, including large living room, formal dining room and spacious kitchen on main level. Upper level includes large master bedroom with extra large closets and full walk through master bathroom which includes a Jacuzzi bathtub. Second smaller bedroom also on upper level. Finished walkout basement features a third bedroom, cedar paneled 3/4 bathroom, large family room and a cedar sauna with running water. Other structures include a 34 X 34 garage with a heated workshop and an attached 10 ft. lean to shed for additional storage or third stall of garage. A 12 X 14 screen porch, surrounded by decks and landscaped perennial flower gardens. It even has its own private driveway. Other recent improvements to property include Mesabi Granite black counter-tops in kitchen. New stainless steel appliances and new washer and dryer. Outside bread and pizza oven. New metal roofs on home that have a shingled appearance. Several vegetable gardens. And all of this under towering red and white pines.
  1. Listed by Phil Hyde • Bear Island Land Co., Inc
    P: (218)-349-2797 phil@bearislandland.com

Property Details for 3203 Shady Rest Road

Architectural Style
Contemporary
View
Panoramic
Waterfront Features
Inland Lake
Waterfront YN
Yes
LISTING CLOSED: 08/12/2020 12:00 AM

Property Details for 3203 Shady Rest Road

StatusSold
MLS #6090042
Days on Compass29
Taxes$2,242 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family Detached
Year Built1997
Lot Size3.00 AC / 130,680 SF
CountyLake County
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Location

Listing Courtesy of Bear Island Land Co., Inc

Sold By Bear Island Land Co., Inc

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Building Information for 3203 Shady Rest Road

Stories2Year Built1997Building Size-Lot Size3.00 AC / 130,680 SF

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$2,123 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,936

Property Taxes

$187

HOA Dues

$0

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Property Information for 3203 Shady Rest Road

Summary
Location and General Information
  • Directions: From Ely, Drive east on Hwy 169, turn right on Kiwishiwi Trail and drive about 3 miles to Sunset Rd. Drive 2 miles on Sunset Rd then turn right on Big rock, then left on shady rest, look for address (3203)
  • Latitude: 48
  • Longitude: -92
  • Road Between Waterfront And Home: Yes
  • Waterfront Access: Deeded Access
  • Waterfrontage Feet: 200
  • MLSArea Major: LSAR
  • Road Frontage Type: County Road, Dead End/No Outlet
  • Road Responsibility: Association Maintained Road
Parking
  • Garage Spaces: 2.0
  • Garage Type: Detached
  • Parking Features: Gravel
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association Fee Includes: Snow Removal
  • Parcel Number: 28-6225-02010
  • Tax Annual Amount: $2,241.82
  • Tax Legal Description: Lot 1, Block 2, White Iron's Shady Rest, Plus a 1/26 undivided interest in Lot 2, Block 1 of White Irons Shady Rest.
  • Tax Year: 2020
Property
Lot Information
  • Above Grade Finished Area: 2880.0
  • Below Grade Finished Area: 1440.0
  • Living Area: 4320.0
  • Lot Features: Corner Lot, Irregular Lot, Landscaped, Many Trees, High, Level
  • Lot Size Acres: 3.0
  • Lot Size Dimensions: 415 x 250
  • Basement Square Feet: ***
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 40 x 36
  • Other Structures: Screenhouse, Storage Shed, Workshop, Bunkhouse, Guest House
Property and Assessments
  • Development Status: Previously Owned
  • Land Access: ***
  • Possession: Immediate
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Year Built: 1997
Utilities
  • Sewer: Private Sewer, Drain Field, Mound Septic
  • Water Body Name: White Iron
  • Water Source: Drilled
Interior and Exterior Features
Exterior Features
  • Accessibility Features: No Stairs External
  • Construction Materials: Wood
  • Exterior Features: Deck, Patio, Outdoor Kitchen
  • Foundation Details: Wood
  • Roof: Metal
  • Stories Total: 2
Interior Features
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Basement: Full
  • Bathrooms Full: 1
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Integer: 3
  • Bedrooms Total: 2
  • Fireplace YN: No
  • Heating: Dual Fuel/Off Peak, Propane, Electric
  • Interior Features: Ceiling Fan(s), Eat In Kitchen, Garage Door Opener(s), Hardwood Floors, Kitchen Island, Natural Woodwork, Sauna, Walk-In Closet(s), Foyer-Entrance, Paneled, Plaster Walls, Dryer Hook-Ups, Washer Hookup
  • Basement Features: Finished,Walkout,Bath,Bedrooms,Den/Office,Family/Rec Room,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
  • Bath Description: 3/4 Basement,Full Master,1/2 Main Floor
  • Dining Room Type: Combine with Kitchen,Eat-In Kitchen,Formal Dining Room
  • Main Floor Bedroom: 0
  • Mechanicals: Fuel Tank-Rented,Water Heater-Electric
  • Window Features: Bay Window(s), Double Glazed, Energy Windows, Wood Frames
Room Information
Room 1
  • RoomLength: 19.0
  • RoomLevel: Second
  • RoomType: Primary Bedroom
  • RoomWidth: 14.5
Room 2
  • RoomLength: 9.0
  • RoomLevel: Second
  • RoomType: Bedroom
  • RoomWidth: 11.0
Room 3
  • RoomLength: 9.5
  • RoomLevel: Lower
  • RoomType: Bedroom
  • RoomWidth: 11.5
Room 4
  • RoomLength: 19.0
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 14.5
Room 5
  • RoomLength: 12.0
  • RoomLevel: Main
  • RoomType: Dining Room
  • RoomWidth: 14.5
Room 6
  • RoomLength: 12.5
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 21.0
Room 7
  • RoomLength: 16.0
  • RoomLevel: Lower
  • RoomType: Rec Room
  • RoomWidth: 14.0
Room 8
  • RoomLength: 6.0
  • RoomLevel: Lower
  • RoomType: Sauna
  • RoomWidth: 8.0
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2020-05-15
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Minnesota Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 3203 Shady Rest Road

DateEvent & SourcePriceAppreciation
Aug 12, 2020

Sold

Lake Superior Area REALTORS #6090042

$388,500—
Jun 13, 2020

Pending

Lake Superior Area REALTORS #6090042

—
May 15, 2020

Listed (Active)

Lake Superior Area REALTORS #6090042

$399,000—
DateEvent & SourcePrice
08/12/2020

Sold

Lake Superior Area REALTORS #6090042

$388,500
06/13/2020

Pending

Lake Superior Area REALTORS #6090042

—
05/15/2020

Listed (Active)

Lake Superior Area REALTORS #6090042

$399,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 3203 Shady Rest Road

Taxable ValueLand$52,700Additions$448,700Total$501,400
Tax Record2025$3,518 ($293 / month)
Home Facts
Beds1Total Finished SqFt1,348 SqFtAbove Grade Finished SqFt1,348 SqFtStories2Lot Size128,938 SqFtStyleSingle Family ResidenceYear Built1997CountyLAKEAPN28-6225-02010Fireplace TypeHas Fireplace

Schools near 3203 Shady Rest Road

This home is within Lake Superior Public School Dist..
Rating
School
Type
Grades
Distance
William Kelley Elementary School
Public - PK to 5
Kelley Secondary
Public - 6 to 12
Rating
School
Distance
William Kelley Elementary School
PublicPK to 5

Kelley Secondary
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Bear Island Land Co., Inc

Based on information submitted to the MLS GRID as of 04/15/2025 07:22 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.