$149,500
SOLD JUL 18, 2025

2260 Gold Mine Rd Ely, MN 55731

-- Bed
-- Bath
192 Sq Ft
30 Acres

Recently Sold

$779 Per Sq Ft

11 Days on Market

Highlights

  • 30 Acre Lot
  • No HOA
  • Views
  • Memorial High School Rated 9+
  • Wood Frame Window
  • 1-Story Property

About This Home

As of July 2025

Located just a few miles west of Ely is this approx. 30 acre pine covered parcel with a very cute and efficient simple cabin to serve as your northwoods getaway! The property has rolling hills and hundreds of very large red and white pine trees, along with other mature tree cover! The cabin is 12x16 and has electricity, propane heat, a refrigerator, microwave, kitchen counter, and a loft for sleeping. There is a nice outhouse behind the cabin that even has electricity run to it! The property has a number of building sites if a new owner wants to build a bigger cabin, or a year around home. The property is located 1.2 miles up Gold Mine Road, a very scenic winding gravel road. There is a road association that is set up to take care of road maintenance and snow plowing in the winter. The current cost is $450 per year. Come enjoy this large acreage and comfortable cabin just a short drive from Ely!

Last Agent to Sell the Property

Jeff Hway

Bear Island Realty LLC Listed on: 05/28/2025

Co-Listed By

Zachary Hway

Bear Island Realty LLC

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $927

Year Built

  • Built in 2002

Lot Details

  • 30 Acre Lot
  • Lot Dimensions are 1200 x 1200
  • Property fronts a private road

Home Design

  • Cabin
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 192 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Open Floorplan
  • Crawl Space
  • Property Views

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Outhouse

Utilities

  • No Cooling
  • Heating System Uses Propane
  • Water Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0020-04310

Home Details

Home Type

Single Family

Est. Annual Taxes

$927

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Ely, take Hwy 169 west Grant McMahan Blvd.. Turn right and follow to the Goldmine Road on the right. Turn right and follow 1.2 miles to the property.
  • InternetOptions: None
  • L O1 Office Phone1 Number: 218-365-2800
  • Road Maintenance: Private
  • Property Sub-Type: Seasonal
  • Tax Year: 2025
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 192
  • Garage Type: None
  • Heat: Propane
  • MainFloorBath: No
  • Reso Roof: Asphalt Shingles
  • Year Built: 2002
  • Level 1 Bedroom: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: N/A
  • Basement Material: Other
  • Basement Style: Crawl Space
  • Bathroom Description: None
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Kitchen
  • Stories: 1 Story
  • Total Fin Square Footage: 192

Exterior Features

  • Road Frontage: Private
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Power Company: Lake Country Power
  • Sewer: Outhouse
  • Water: None

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 1200 x 1200
  • Estimated Number of Acres: 30
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 465-0020-04310

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 927

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2025
Closed on
Jul 18, 2025
Sold by
Phipps Daniel T and Phipps Kathleen A
Bought by
Wilson Vicki and Wilson Bradley
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$149,500
Sold Price
$149,500
Views
31
Current Estimated Value
$150,863

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,363
Avg. Annual Appreciation
1.76%

Purchase Details

Closed on
May 9, 2011
Sold by
Hacker Robert C and Hardison Joy
Bought by
Phipps Daniel T and Phipps Kathleen A

Purchase Details

Closed on
Jan 24, 2004
Sold by
Jeske Heather
Bought by
Hacker Robert C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,900
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $149,500 Northeast Title
Limited Warranty Deed $70,000 Northeast Title Company
Quit Claim Deed -- Northeast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $50,900 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2025 07/18/25 Sold $149,500 0.0% $779 / Sq Ft
06/08/2025 06/08/25 Pending -- -- --
05/28/2025 05/28/25 For Sale $149,500 -- $779 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $1,012 $110,200 $102,500 $7,700
2023 $1,012 $100,900 $92,500 $8,400
2022 $852 $90,500 $83,200 $7,300
2021 $876 $75,900 $69,500 $6,400
2020 $820 $75,500 $69,500 $6,000
2019 $872 $75,500 $69,500 $6,000
2018 $866 $83,100 $81,300 $1,800
2017 $842 $83,100 $81,300 $1,800
2016 $800 $79,800 $78,100 $1,700
2015 $806 $79,800 $78,100 $1,700
2014 $806 $79,800 $78,100 $1,700
Source: Public Records

Agents Affiliated with this Home

  • Jeff Hway

    Seller's Agent in 2025

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    161 Total Sales

    Jeff Hway
    Section Image

  • Z

    Seller Co-Listing Agent in 2025

    Zachary Hway

    Bear Island Realty LLC

    (651) 341-0383

    69 Total Sales

    Zachary Hway
    Section Image

  • N

    Buyer's Agent in 2025

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6119658

APN: 465002004310

Minnesota St Louis County Ely 55731

2260 Gold Mine Rd, Ely, MN

Sold

Detached

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