3
Beds
2
Baths
2,650
Sq Ft
1.8
Acres
Highlights
- Private Waterfront
- Beach Access
- Deck
- Docks
- Lake View
- Recreation Room
About This Home
As of May 2025A Rustic Retreat with Modern Comforts: Tucked against the pristine wilderness of the Boundary Waters Canoe Area Wilderness (BWCAW), this 3-bedroom, 2-bathroom walkout home is a perfect blend of rustic charm and modern convenience. Originally built in the 1960s, it retains its original tongue-and-groove craftsmanship and beautifully crafted ceilings, complemented by thoughtful updates throughout. The open-concept kitchen is designed for gathering, featuring a granite island with seating for four, butcher block countertops, and a full-service butler’s pantry with a built-in sink, wine fridge, and beverage cooler. A stacked stone fireplace adds warmth to the living space, while the finished basement with a full bath offers additional room to relax. The maintenance-free exterior and windows ensure more time spent enjoying the outdoors rather than on upkeep. A 4-car oversized garage provides ample storage for everything you need to take full advantage of the surrounding landscape. Whether you're looking for a private retreat, a full-time residence, or an investment in Minnesota’s untouched beauty, this property is an extraordinary find. Here, life moves at your pace—whether that’s racing across a frozen lake, paddling through calm waters, or simply enjoying the quiet comfort of home. Adventure at Your Doorstep: From your driveway, access Minnesota’s most expansive and well-groomed snowmobile and ATV trails. Ride straight to the Vermilion Club on Lake Vermilion for their famous Bamboozler pizza and be back home before dark via the Taconite and Tomahawk trails. The Prospector Loop offers over 250 miles of newly added trails for ATV enthusiasts. Prefer the water? Explore the interconnected lakes—Farm Lake, Garden Lake, White Iron Lake, and South Farm Lake—where boat traffic is light and the BWCAW access begins. Wildlife is abundant, from eagles and owls to moose, foxes, and even the occasional black bear. Hiking trails wind through the vast forest, and the Mesabi Trail, the longest bicycle trail in the state, offers a scenic route right from Ely to Bear Head State Park and beyond. Whether you seek thrilling outdoor adventures or peaceful solitude, this location offers both.
Co-Listed By
Nonmember NONMEMBER
Nonmember Office
Last Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,225
Year Built
- Built in 1960
Lot Details
- 1.8 Acre Lot
- Lot Dimensions are 270 x 280
- Private Waterfront
- 205 Feet of Waterfront
- Lake Front
- Level Lot
- Landscaped with Trees
Home Design
- Traditional Architecture
- Concrete Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Woodwork
- Beamed Ceilings
- 3 Fireplaces
- Wood Frame Window
- Family Room
- Living Room
- Combination Kitchen and Dining Room
- Recreation Room
- Bonus Room
- Sun or Florida Room
- Lower Floor Utility Room
- Storage Room
- Utility Room
- Tile Flooring
- Lake Views
Kitchen
- Range
- Microwave
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom on Main Level
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Bedroom in Basement
- Recreation or Family Area in Basement
- Finished Basement Bathroom
Parking
- 4 Car Detached Garage
- Gravel Driveway
Outdoor Features
- Beach Access
- Docks
- Balcony
- Deck
Utilities
- Pellet Stove burns compressed wood to generate heat
- Baseboard Heating
- Hot Water Heating System
- Boiler Heating System
- Heating System Uses Wood
- Heating System Uses Propane
- Private Water Source
- Dug Well
- Private Sewer
- Satellite Dish
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 28-6270-03010 and 28-6211-03075
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 2, 2025
Closed on
May 20, 2025
Sold by
Kuzma Michael and Kuzma Sandra
Bought by
Buck Michael and Buck Julie
Seller's Agent
Chris Eilrich
Wildwoods Land Company
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$745,000
Sold Price
$785,000
Premium/Discount to List
$40,000
5.37%
Views
41
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-28.76%
Original Mortgage
$628,000
Outstanding Balance
$628,000
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$110,519
Similar Homes in Ely, MN
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $785,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $628,000 | New Conventional | |
| Previous Owner | $318,967 | New Conventional | |
| Previous Owner | $324,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Sold | $785,000 | +5.4% | $296 / Sq Ft |
| 04/06/2025 04/06/25 | Pending | -- | -- | -- |
| 04/02/2025 04/02/25 | For Sale | $745,000 | -- | $281 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,270 | $684,400 | $204,000 | $480,400 |
| 2023 | $2,504 | $649,900 | $185,100 | $464,800 |
| 2022 | $3,940 | $542,900 | $185,100 | $357,800 |
| 2021 | $3,743 | $423,400 | $177,300 | $246,100 |
| 2020 | $4,248 | $272,300 | $177,300 | $95,000 |
| 2019 | $3,099 | $265,500 | $170,500 | $95,000 |
| 2018 | $3,220 | $305,000 | $170,500 | $134,500 |
| 2017 | $2,858 | $313,400 | $178,700 | $134,700 |
| 2016 | $2,865 | $284,400 | $170,500 | $113,900 |
| 2015 | $2,879 | $286,000 | $170,500 | $115,500 |
| 2014 | $2,879 | $0 | $0 | $0 |
| 2013 | $2,550 | $0 | $0 | $0 |
| 2012 | $2,504 | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
C
Seller's Agent in 2025
Chris Eilrich
Wildwoods Land Company
-
N
Seller Co-Listing Agent in 2025
Nonmember NONMEMBER
Nonmember Office
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6118454
APN: 28-6270-03010
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