$710,000
SOLD FEB 6, 2026

540 Loop Rd Ely, MN 55731

3 Beds
2 Baths
2,480 Sq Ft
114,127 Sq Ft Lot

Recently Sold

$286 Per Sq Ft

1% Below List Price

52 Days on Market

Highlights

  • Deck
  • Enclosed Patio or Porch
  • Laundry Room
  • No HOA
  • 2 Car Detached Garage
  • Baseboard Heating

About This Home

As of February 2026

Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping views make the space feel tucked-away and inspiring an artist’s nook or simply reading a book while the pines sway outside your window. The walk-out level is its own retreat, featuring the Primary Suite, a utility/laundry room, and a rec room made for hosting. Private woods take you to the 220 ft of shoreline. Incredible view from the custom built 100 ft perm newer dock, complete with benches and a kayak step, makes slipping into the lake a breeze Best of all the BWCA is just a paddle away.

Last Agent to Sell the Property

Andrea Zupancich

Z'Up North Realty, Inc. Listed on: 12/16/2025

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,502

Year Built

  • Built in 2005

Lot Details

  • Lot Dimensions are 225.00 x 475.00

Parking

  • 2 Car Detached Garage

Home Design

  • Frame Construction

Interior Spaces

  • 1.5-Story Property
  • Wood Burning Fireplace

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Wood
  • 200+ Amp Service
  • Drilled Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 28631133337

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,502

Year Built

Built in 2005

Lot Details

2.62 Acres

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Drilled
  • Year Built: 2005
  • Above Grade Finished Sq Ft: 1630
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Finished, Full
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Washer
  • Fireplace Features: Wood Burning
  • Living Area: 2480
  • Fireplace: Yes
  • Below Grade Finished Sq Ft: 850
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • PatioPorchType: Covered, Deck, Enclosed, Porch, Screened

Garage/Parking

  • Parking Features: Detached Garage

Utilities

  • Heating: Baseboard
  • Sewer: Mound Septic
  • Electric: 200+ Amp Service
  • Fuel: Electric, Wood
  • Power Company: Minnesota Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Lake Superior
  • SchoolDistrictPhone: 2188348216

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 225.00 x 475.00
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 28631133337
  • Tax Annual Amount: 2502
  • TaxWithAssessments: 2615

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2025
Closed on
Feb 3, 2026
Sold by
Kevin M Lawler Trust U/A/D April 3 201 and Barbara Jo Lawler Trust U/A/D April 3 2
Bought by
Brinkmann Benjamin and Brinkmann Debra
Seller's Agent
Andrea Zupancich
Z'Up North Realty, Inc.
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$719,900
Sold Price
$710,000
Premium/Discount to List
-$9,900
-1.38%
Views
130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.77%
Original Mortgage
$359,000
Outstanding Balance
$359,000
Interest Rate
6.21%
Mortgage Type
New Conventional
Estimated Equity
$352,494

Purchase Details

Closed on
Nov 29, 2021
Sold by
Lawler Kevin M and Lawler Barbara J
Bought by
Kevin M Lawler T

Purchase Details

Listed on
Dec 15, 2020
Closed on
Jan 30, 2021
Sold by
Conwell Kevin P and Conwell Calantha A
Bought by
Lawler Kevin M and Lawler Barbara J
Seller's Agent
Kate Davies
Bear Island Realty LLC
Buyer's Agent
Trish Bulinski
Bear Island Realty LLC
List Price
$335,000
Sold Price
$335,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.82%
Original Mortgage
$100,000
Interest Rate
2.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Type Sale Price Title Company
Deed $709,000 --
Quit Claim Deed $3,000 None Available
Warranty Deed $335,000 None Available
Deed $335,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $359,000 New Conventional
Previous Owner $100,000 Stand Alone Refi Refinance Of Original Loan
Closed $100,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2026 02/06/26 Sold $710,000 -1.4% $286 / Sq Ft
12/16/2025 12/16/25 For Sale $719,900 +114.9% $290 / Sq Ft
02/04/2021 02/04/21 Sold $335,000 0.0% $212 / Sq Ft View Prior Sale
12/21/2020 12/21/20 Pending -- -- --
12/15/2020 12/15/20 For Sale $335,000 +39.6% $212 / Sq Ft
07/03/2013 07/03/13 Sold $240,000 -4.0% $196 / Sq Ft View Prior Sale
05/28/2013 05/28/13 Pending -- -- --
02/15/2013 02/15/13 For Sale $250,000 -- $204 / Sq Ft
Source: NorthstarMLS

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
2025 $2,700 $483,000 $144,000 $339,000
2024 $1,753 $486,400 $144,000 $342,400
2023 $1,169 $478,300 $135,800 $342,500
2022 $1,694 $313,500 $130,100 $183,400
2021 $1,596 $242,800 $124,900 $117,900
2020 $1,894 $228,500 $124,900 $103,600
2019 $1,881 $243,800 $139,100 $104,700
2018 $1,978 $243,800 $139,100 $104,700
2017 $1,688 $251,600 $145,800 $105,800
2016 $1,641 $228,300 $139,200 $89,100
2015 $1,691 $228,300 $139,200 $89,100
2014 $1,691 $0 $0 $0
2013 $1,427 $0 $0 $0
2012 $832 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 7000151

NorthstarMLS

APN: 28-6311-33337

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