$525,000 Price Analysis   ♡   Ely, MN 55731 2 bed 2 bath 1,680 SqFt ($312/SqFt) 1.0 acre lot. Built 1979 Listed 2024-05-07, Taxes $2,136 | ✓ USDA Eligible near Ely, MN |
This year-round home/cabin boost phenomenal lake views of Bear Island Lake.
* Has Contingent Offer *Many updates have taken place with a charming updated kitchen, center island, new flooring and appliances. Expansive deck off the living area to enjoy the summer breeze. Bear Island Lake offers such a attractive setting with over 22 islands, 22+/- acres and much undeveloped property to enjoy all your outdoor recreational activities.
Boating, kayak, canoe, swimming, fishing to name a few along with winter snowshoeing, skiing, ice fishing and more. Updates have also been done with the bathrooms and comfortable family area in the walk out lower level that brings you out to the waters edge. Single stall garage with added work shop and plenty of storage. The sauna is waiting for you and clos to the dock for a plunge into the lake.
Presented by Lori Schulze at
Keller Williams Classic Realty NW - Ely.
Property MLS #6113543 from LakeSuperiorAreaRealtors
Bedroom 1 Dimensions: 10 x 13
Bedroom 2 Dimensions: 10 x 13
Bedroom 1 Level: Main
Bedroom 2 Level: Main
1/2 Bathrooms: 1
3/4 Bathrooms: 1
Eat-In Kitchen
Kitchen Center Island
Center Hall
Patio Door
Dryer Hook-Ups
Washer Hook-Ups
Dryer
Range/Stove
Refrigerator
Washer
Bonus Room: 10 x 13
Bonus Room Level: Lower
Basement Features: Finished, Walkout, Bath, Family/Rec Room, Washer Hook-Ups, Dryer Hook-Ups
Living Room Dimensions: 16 x 14
Great Room Level: Lower
Living Room Level: Main
Dining Room Features: Open with Living Room and Kitchen
Dining Room Level: Main
Kitchen Level: Main
Inland Lake
Waterfront Feet: 100
Dock
Other Structures: Sauna, Storage Shed
Road Frontage Type: County, Dead End/No Outlet
Road Maintenance: Public
Lot Size Acres: 1.0
Lot Size Dimensions: 375x100
Lot Size Square Feet: 43560
Garage Description: Detached
Garage Features: Electrical Service
Parking Features: Off Street, Driveway - Gravel
Other Equipment: Water Heater-Electric
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directionsSource Listing Status: Inspection cont (mn)
County: St. Louis County
Directions: From Ely travel Hwy 21 south to Bear Island River Road, right turn and follow to Verbick Road, take left and follow to property address on your right.
Tax Year: 2024
Source Property Type: SINGLE FAMILY
Area: LSAR
Source Neighborhood: LSAR
Parcel Number: 625-025-00130
Property Subtype: SF/Detached
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $110,864 + $100,852 $211,716 | $2,136 |
| 2021 | $94,238 + $90,337 $184,575 | $1,938 |
| 2020 | $94,238 + $90,337 $184,575 | $1,802 |
| 2019 | $97,841 + $100,686 $198,527 | $1,868 |
| 2018 | $97,841 + $100,686 $198,527 | $1,896 |
| 2017 | $116,200 + $106,400 $222,600 | $2,788 |
| 2016 | $116,200 + $106,400 $222,600 | $2,756 |
| 2015 | $116,200 + $106,400 $222,600 | $2,804 |
| 2014 | $116,200 + $106,400 $222,600 | $2,702 |
| 2013 | $120,900 + $110,900 $231,800 | $2,770 |
| 2011 | $137,100 + $131,400 $268,500 | $2,637 |
| 2010 | $137,100 + $131,400 $268,500 | $2,456 |
| 2009 | $130,900 + $110,100 $241,000 | $2,213 |
| 2008 | $120,000 + $89,600 $209,600 | $1,995 |
| 2007 | $104,400 + $77,900 $182,300 | $1,926 |
$525,000
LakeSuperiorAreaRealtors
Sold 2017-11-22
$229,900
LakeSuperiorAreaRealtors
Price Changed 2017-09-05
$229,900
LakeSuperiorAreaRealtors
Price Changed 2017-06-22
$249,000
LakeSuperiorAreaRealtors
Price Changed 2016-08-23
$255,000
LakeSuperiorAreaRealtors
Listed 2016-07-05
$279,900
LakeSuperiorAreaRealtors
Year Built: 1979
Above Grade Finished Area: 840
BelowGradeFinishedArea: 840
Building Exterior Type: Vinyl
Foundation Details: Full Basement, Poured Concrete
Property Age: 45
Roof: Asphalt Shingles
Levels or Stories: 1 Story
Structure Type: Frame/Wood
House Style: Ranch/Rambler
Year Built Details: Previously Owned
Water Source: Drilled
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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.