NOT LISTED FOR SALE

5397 Ely Island N Tower, MN 55790

Estimated Value: $98,411

5.36 Acres
$18,360 Price per Acre
233,482 Sq Ft Lot

Sale Details

Date Sold: May 30, 2025

Last sale price $105,000

Est. 6% decrease in value since last sale

Current estimated payment $615 / mo

122 Days on Market

Highlights

  • Private Waterfront
  • Bay View
  • Landscaped with Trees
  • Docks
  • No HOA

About This Lot

As of May 2025

"Prime lakeshore property on Ely Island! 310 feet of wooded shoreline plus over 5 acres adjacent to 40 acres of State of Minnesota land. North-facing for breathtaking views, with electricity nearby and a convenient lift-out dock already in place. Mature trees provide the perfect setting for your cabin dreams. Don't miss out on this opportunity for big water views and endless possibilities!"

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office, Inc Listed on: 01/03/2025

Last Buyer's Agent

Barbara Hegg

Vermilion Land Office, Inc Listed on: 01/03/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $832

Lot Details

  • 5.36 Acre Lot
  • Lot Dimensions are 814x305
  • Private Waterfront
  • 310 Feet of Waterfront
  • Lake Front
  • Landscaped with Trees

Parking

  • No Driveway

Property Views

  • Bay
  • Lake

Utilities

  • No Utilities

Community Details

Overview

  • No Home Owners Association

Recreation

  • Docks

Property Details

Property Type

Land

Est. Annual Taxes

$832

Lot Details

5.36 Acres

Listing Details

  • Class: LOT/LAND
  • Directions: Via Boat from public access sites, Aronson's Marina, Stuntz Bay
  • Waterfront Info Lake Maximum Depth: 76
  • L O1 Office Phone1 Number: 218-753-8985
  • Renewal Options: Sell Entirely
  • RdBtwnWtrfrnt: No
  • ShorelineCharacteristics: Rocky, Undeveloped
  • Property Sub-Type: Residential
  • Tax Year: 2024
  • Twp Number: 62
  • View Type:Pond View: Inland Lake, Bay
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 39272.5
  • Road Frontage: None
  • Waterfront Access: Private
  • Water Frontage In Feet: 310
  • Waterfront Name: Vermilion

Garage/Parking

  • Parking Driveway: None

Utilities

  • On Site Utilities: None
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 814x305
  • Estimated Number of Acres: 5.36
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Improvements: Dock
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 832

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

Closed on
Nov 7, 2022
Sold by
Bought by
Current Estimated Value
$98,411

Purchase Details

Closed on
Sep 1, 2021
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 2005
Sold by
Bought by

Purchase Details

Closed on
Oct 31, 2000
Sold by
Bought by
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

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
-- None Listed On Document
$83,000 American Title
$83,000 All American Title Company
$142,000 None Available
$99,000 --
$83,000 --
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
05/30/2025 05/30/25 Sold $105,000 -8.6% --
05/05/2025 05/05/25 Pending -- -- --
01/03/2025 01/03/25 For Sale $114,900 -- --
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 $1,024 $100,600 $100,600 $0
2023 $1,026 $81,000 $81,000 $0
2022 $832 $81,000 $81,000 $0
2021 $808 $67,100 $67,100 $0
2020 $930 $67,100 $67,100 $0
2019 $904 $75,500 $75,500 $0
2018 $858 $76,200 $76,200 $0
2017 $882 $71,100 $71,100 $0
2016 $890 $71,100 $71,100 $0
2015 $496 $36,800 $36,800 $0
2014 $496 $36,800 $36,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Hegg

    Seller's Agent in 2025

    Barbara Hegg

    Vermilion Land Office, Inc

    (218) 742-2369

    182 Total Sales

    Barbara Hegg
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6117393

APN: 270002001409

Minnesota St Louis County Tower 55790

5397 Ely Island N, Tower, MN

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Listings courtesy of Lake Superior Area REALTORS® as distributed by MLS GRID

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