Seller's Agent in 2025
Andrea Zupancich
Z' Up North Realty
(218) 749-0159
468 Total Sales
5
Beds
6
Baths
5,250
Sq Ft
20
Acres
Highlights
- Boathouse
- Docks
- Guest House
- Private Waterfront
- Beach Access
- Wine Cellar
About This Home
As of July 2025Ready to make this dream estate your legacy? Burntside Lake Home on Outlet Bay in Ely is now available. Whether watching trout swim upstream, observing eagles dive for fish, or enjoying the serenity of the woodland surroundings, you'll find countless reasons to stay and call Greystone home. Unparalleled living experience in Ely, MN. This one-of-a-kind custom home 5BR/6BA home is being offered for the very first time. Nestled on a sprawling 20-acre estate, this property boasts 1155 ft of pristine shoreline along Burntside Lake's Outlet Bay and the Burntside River. Surrounded by the beauty of nature, this estate is designed for those who seek both luxury and adventure. Greystone offers many features, too many to list, but include: 2 double sided Tulikivi green soapstone fireplaces (one with a pizza oven), two laundry rooms (main floor and 2nd flr), elevator, secret underground passage to the garage and guest rooms, outdoor kitchen, boathouse with patio, walking paths, pole bldg, She Shed /Potting Shed, reclaimed hardwood floors, wood paneled walls, Creston Security System, Folding Marvin Windows with electronic screens, real stone facade, Fir Douglas flooring, knotty alder custom cabinets, and the list keeps going!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,852
Year Built
- Built in 2007 | Newly Remodeled
Lot Details
- 20 Acre Lot
- Lot Dimensions are 644x471x1074x332x939x218
- Private Waterfront
- 1,155 Feet of Waterfront
- Lake Front
- Property fronts a county road
- Level Lot
- Irregular Lot
- Landscaped with Trees
Property Views
- Bay
- River
Home Design
- Traditional Architecture
- Concrete Foundation
- Wood Frame Construction
- Metal Roof
- Wood Siding
- Stone Exterior Construction
Interior Spaces
- 2-Story Property
- Wet Bar
- Wired For Data
- Woodwork
- Paneling
- Beamed Ceilings
- Ceiling Fan
- 4 Fireplaces
- Double Pane Windows
- Wood Frame Window
- Mud Room
- Entrance Foyer
- Wine Cellar
- Family Room
- Sitting Room
- Living Room
- Dining Room
- Open Floorplan
- Home Theater
- Office or Studio
- Recreation Room
- Sun or Florida Room
- Lower Floor Utility Room
- Utility Room
- Sauna
- Home Gym
- Home Security System
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
- Kitchen Island
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Bathroom Rough-In
- Bathroom on Main Level
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Recreation or Family Area in Basement
- Finished Basement Bathroom
- Basement Window Egress
Parking
- 2 Car Detached Garage
- Multiple Garages
- Garage Apartment
- Heated Garage
- Insulated Garage
- Bathroom In Garage
- Garage Drain
- Garage Door Opener
- Gravel Driveway
Outdoor Features
- Spa
- Beach Access
- Boathouse
- Docks
- Pond
- Balcony
- Deck
- Enclosed Patio or Porch
- Outdoor Kitchen
- Pole Barn
- Rain Gutters
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Underground Utilities
- Private Water Source
- Private Sewer
- Fiber Optics Available
Additional Features
- Accessible Elevator Installed
- Energy-Efficient Windows
- Guest House
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 465-0040-05145 and 465-0040-05170
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jul 24, 2009
Sold by
Fritts Hollis M and Kallio Nancy J
Bought by
Fritts Hollis M and Kallio Nancy J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,016,400
Outstanding Balance
$678,429
Interest Rate
5.36%
Mortgage Type
New Conventional
Estimated Equity
$2,545,228
Purchase Details
Closed on
Oct 25, 2007
Sold by
Fritts Hollis M
Bought by
Fritts Hollis M and Kallio Nancy J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,560,000
Interest Rate
6.47%
Mortgage Type
Construction
Purchase Details
Closed on
Jun 2, 2003
Sold by
Campbell William G and Campbell Deborah
Bought by
Klun Laurence J and Klun Judith M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
8%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 25, 2002
Sold by
Campbell William G and Campbell Deborah L
Bought by
Campbell William G and Campbell Deborah L
Purchase Details
Closed on
Aug 5, 2002
Sold by
Campbell William G and Campbell Deborah L
Bought by
Sundell Jeffrey K and Sundell Bridget A
Purchase Details
Closed on
Aug 1, 2002
Sold by
Campbell Taylor Anne Dundee and Taylor Frank A
Bought by
Campbell William G
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | New Millennium Title Group | |
| Interfamily Deed Transfer | -- | Gibraltar Title | |
| Contract Of Sale | $195,000 | -- | |
| Interfamily Deed Transfer | -- | Northeast Title Company | |
| Warranty Deed | $425,000 | -- | |
| Interfamily Deed Transfer | $25,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Interfamily Deed Transfer | $25,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | $25,000 | -- | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,016,400 | New Conventional | |
| Closed | $2,560,000 | Construction | |
| Closed | $353,000 | Fannie Mae Freddie Mac | |
| Closed | $170,000 | Seller Take Back |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | Sold | $3,500,000 | -10.3% | $667 / Sq Ft |
| 07/01/2025 07/01/25 | For Sale | $3,900,000 | 0.0% | $743 / Sq Ft |
| 03/24/2025 03/24/25 | Pending | -- | -- | -- |
| 03/12/2025 03/12/25 | Price Changed | $3,900,000 | -13.3% | $743 / Sq Ft |
| 06/24/2024 06/24/24 | For Sale | $4,500,000 | -- | $857 / 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 |
|---|---|---|---|---|
| 2023 | $16,112 | $1,368,800 | $486,600 | $882,200 |
| 2022 | $12,880 | $1,147,700 | $414,000 | $733,700 |
| 2021 | $13,328 | $992,400 | $352,400 | $640,000 |
| 2020 | $12,626 | $992,400 | $352,400 | $640,000 |
| 2019 | $12,140 | $992,400 | $352,400 | $640,000 |
| 2018 | $12,038 | $992,700 | $384,400 | $608,300 |
| 2017 | $12,144 | $992,600 | $384,300 | $608,300 |
| 2016 | $12,136 | $992,600 | $384,300 | $608,300 |
| 2014 | $12,029 | $1,007,200 | $451,200 | $556,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
T
Buyer's Agent in 2025
Trish Bulinski
Bear Island Realty LLC
(218) 349-5595
143 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6114471
APN: 465004005145
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