ML
Seller's Agent in 2025
Mark Larson
Wildwoods Land Company
(218) 365-3665
21 Total Sales
Estimated Value: $342,000 - $438,000
2
Beds
1
Bath
864
Sq Ft
$460/Sq Ft
Est. Value
Highlights
- Panoramic View
- Island Location
- Vaulted Ceiling
- 40 Acre Lot
- Deck
- Great Room
About This Home
As of July 2025Experience true Northwoods living at Ely Log Cabin, a hand-built log home set on 40 private acres just 15 minutes from downtown Ely and nearby 2 Minnesota state parks. This 864 sq ft off-grid cabin offers modern comforts including a 3/4 indoor bathroom with a flushing toilet and shower (full well and septic), solar power, and WiFi — a rare find for an off-grid property. The main cabin features vaulted ceilings, a Jøtul gas fireplace, an efficient kitchen setup with propane cooktop and fridge, and a sleeping loft with two queen beds overlooking the forest valley. A second structure, the Dovetail Cabin, offers additional sleeping space or studio potential, with its own road access and outhouse. Enjoy peaceful forest views, bird sounds, and miles of private hiking trails right on the property. This is a true retreat surrounded by nature, with easy access to nearby lakes and outdoor recreation. Wolves have been heard howling and grouse, deer, and even bear sightings aren’t uncommon on this incredible land with huge cliff faces and a creek right on the 40 acres.
Last Agent to Sell the Property
Wildwoods Land Company License #MN 40037736 Listed on: 05/09/2025
Last Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,229
Year Built
- Built in 2006
Lot Details
- 40 Acre Lot
- Lot Dimensions are 1320 x 1320
- Property fronts a county road
- Elevated Lot
- Level Lot
- Unpaved Streets
- Many Trees
Property Views
- Panoramic
- Valley
Home Design
- Log Cabin
- Metal Roof
- Log Siding
Interior Spaces
- 864 Sq Ft Home
- Multi-Level Property
- Woodwork
- Beamed Ceilings
- Vaulted Ceiling
- Ceiling Fan
- Free Standing Fireplace
- Double Pane Windows
- Great Room
- Combination Dining and Living Room
- Crawl Space
- Cooktop
Bedrooms and Bathrooms
- 2 Bedrooms
- Bathroom on Main Level
- 1 Bathroom
Parking
- No Garage
- Gravel Driveway
- Off-Street Parking
Accessible Home Design
- Doors with lever handles
- Doors are 36 inches wide or more
Outdoor Features
- Deck
- Patio
Utilities
- No Cooling
- Radiant Heating System
- Heating System Uses Propane
- Power Generator
- Private Water Source
- Drilled Well
- Tankless Water Heater
- Gas Water Heater
- Fuel Tank
- Mound Septic
- Private Sewer
- Fiber Optics Available
Additional Features
- Island Location
- Bunk House
Community Details
- No Home Owners Association
- Near a Preserve or Public Land
Listing and Financial Details
- Assessor Parcel Number 317-0010-01740
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 9, 2025
Closed on
Jul 15, 2025
Sold by
Wales Benjamin M and Wales Addie M
Bought by
Seller's Agent
Mark Larson
Wildwoods Land Company
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$384,900
Sold Price
$400,000
Premium/Discount to List
$15,100
3.92%
Views
7
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,832
Avg. Annual Appreciation
-0.63%
Original Mortgage
$300,000
Outstanding Balance
$297,128
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$100,040
Purchase Details
Closed on
Sep 4, 2020
Sold by
Caine Nicholas K and Caine Tara J
Bought by
Wales Addie M and Wales Benjamin M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.47%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 10, 2006
Sold by
Caine Amanda J
Bought by
Caine Nicholas K
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $400,000 | Northeast Title | ||
| Wales Addie M | $125,000 | Northshore Title Inc | |
| Caine Nicholas K | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $300,000 | ||
| Previous Owner | Wales Benjamin | $249,000 | |
| Previous Owner | Wales Addie M | $100,000 | |
| Previous Owner | Caine Nicholas | $51,000 | |
| Previous Owner | Caine Nicholas | $99,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2025 07/21/25 | Sold | $400,000 | +3.9% | $463 / Sq Ft |
| 05/20/2025 05/20/25 | Pending | -- | -- | -- |
| 05/16/2025 05/16/25 | For Sale | $384,900 | -- | $445 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $1,604 | $118,200 | $66,000 | $52,200 |
| 2023 | $1,254 | $118,200 | $66,000 | $52,200 |
| 2022 | $1,330 | $118,200 | $66,000 | $52,200 |
| 2021 | $1,168 | $112,100 | $59,900 | $52,200 |
| 2020 | $1,302 | $101,400 | $53,800 | $47,600 |
| 2019 | $1,156 | $109,800 | $56,100 | $53,700 |
| 2018 | $1,188 | $99,600 | $50,700 | $48,900 |
| 2017 | $1,182 | $99,700 | $50,800 | $48,900 |
| 2016 | $1,164 | $100,700 | $51,800 | $48,900 |
| 2015 | $1,046 | $91,700 | $49,400 | $42,300 |
| 2014 | $1,046 | $91,700 | $49,400 | $42,300 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Larson
-
NN
Buyer's Agent in 2025
Nonmember NONMEMBER
Nonmember Office
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6119178
APN: 317001001740
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