$222,000

4994 Big Lake Rd Ely, MN 55731

Estimated payment $1,532/month

Total Views 6,260
2 Beds
1 Bath
400 Sq Ft
$555 Price per Sq Ft

Highlights

  • Private Waterfront
  • Deck
  • Living Room
  • Panoramic View
  • Woodwork
  • Landscaped with Trees

About This Home

Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. Investment Opportunity. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a 3⁄4 bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also allows for rentals. Rentals managed by an on-site well established management company. General maintenance taken care of as part of the income split. Includes a newer pontoon boat for you and renters to use. The cabin is completely furnished and well cared for.

Listing Agent

Janet Erchul

Ely Realty Listed on: 05/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $969

Year Built

  • Built in 1950

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 110 x 75
  • Private Waterfront
  • 1,500 Feet of Waterfront
  • Lake Front
  • Property fronts a private road
  • Landscaped with Trees

HOA Fees

  • $250 Monthly HOA Fees

Property Views

  • Lake
  • Panoramic

Home Design

  • Cabin
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 400 Sq Ft Home
  • 1-Story Property
  • Woodwork
  • Paneling
  • Vinyl Clad Windows
  • Living Room
  • Combination Kitchen and Dining Room

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • No Garage
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Propane
  • Private Water Source
  • Shared Water Source
  • Private Sewer
  • Shared Sewer

Community Details

  • Association fees include building insurance

Listing and Financial Details

  • Assessor Parcel Number 629-0032-00050

Home Details

Home Type

Single Family

Est. Annual Taxes

$969

Year Built

Built in 1950

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Class: SINGLE FAMILY
  • Directions: East from Ely on 169, 1 mile turn left on CO Rd 88, follow to Echo Trail. Follow about 18 miles to Big Lake Lodge.
  • InternetOptions: None
  • Waterfront Info Lake Chain: No
  • Waterfront Info Lake Maximum Depth: 22
  • L O1 Office Phone1 Number: 218-349-0515
  • List Price/ Sq Ft: 555
  • Road Maintenance: Association
  • ShorelineCharacteristics: Elevation-Medium
  • Property Sub-Type: Seasonal
  • Tax Year: 2025
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Natural Woodwork, Panelled Walls
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 400
  • Garage Type: None
  • Heat: Space/Wall Heater, Propane
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Material: N/A
  • Basement Style: None
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Bedroom
  • Main Residence Features:Family Room4: Bathroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 400
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 1903
  • Road Frontage: Private
  • Waterfront Access: Private
  • Water Frontage In Feet: 1500
  • Waterfront Name: Big Lake
  • Construction Status: Previously Owned
  • Exterior: Wood
  • Window Features:Insulated Windows: Vinyl Frame

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Power Company: Other
  • Sewer: Private, Shared
  • Water: Private, Shared

Condo/Co-op/Association

  • Association Fee: Yes
  • Association Fee Frequency: Yearly

Association/Amenities

  • FeesAssociationFeeAmount: 3000

Fee Information

  • Association Fee Includes: Building Insurance
  • Insurance Expense: Yes
  • Insurance Expense: 460.00
  • Insurance Fee Frequency: Yearly

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2025-05-08
  • Estimated Lot Dimensions: 110 X 75
  • Estimated Number of Acres: 0.18
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium
  • Parcel Number: 629-0032-00050
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 969

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $1,094 $83,800 $69,200 $14,600
2022 $1,124 $81,000 $67,000 $14,000
2021 $1,140 $81,000 $67,000 $14,000
2020 $1,142 $82,200 $67,000 $15,200
2019 $1,134 $82,200 $67,000 $15,200
2018 $1,150 $82,200 $67,000 $15,200
2017 $1,568 $82,200 $67,000 $15,200
2016 $1,786 $121,200 $108,600 $12,600
2015 $1,821 $138,900 $124,900 $14,000
2014 $1,821 $138,900 $124,900 $14,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2025 07/05/25 Price Changed $222,000 -4.3% $555 / Sq Ft
05/08/2025 05/08/25 For Sale $232,000 +16.0% $580 / Sq Ft
04/01/2022 04/01/22 Sold $200,000 0.0% $500 / Sq Ft
02/19/2022 02/19/22 Pending -- -- --
09/16/2021 09/16/21 For Sale $200,000 -- $500 / Sq Ft
Source: Lake Superior Area REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed $3,000 Northwest Title
Corporate Deed $310,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $279,000 Unknown
Source: Public Records

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Source: Lake Superior Area REALTORS®

MLS Number: 6119161

APN: 629003200050