$719,900

540 Loop Rd Ely, MN 55731

Estimated payment $4,005/month

Total Views 109
3 Beds
2 Baths
2,480 Sq Ft
$290 Price per Sq Ft

Highlights

  • Deck
  • 2 Car Detached Garage
  • Ceiling Fan
  • Enclosed Patio or Porch
  • Laundry Room
  • Wood Burning Fireplace

About This Home

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.

Listing Agent

Andrea Zupancich

z' Up North Realty License #40149923 Listed on: 12/10/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 2007

Lot Details

  • 2.6 Acre Lot
  • Irregular Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Log Siding

Interior Spaces

  • 2,480 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Free Standing Fireplace

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Electric Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Window Unit Cooling System
  • Heating System Uses Wood
  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 28-6311-33337

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,615

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Guttering: Yes
  • Heat: Wood, Electric
  • Irregular Lot Size: Yes
  • Lower Level Bathrooms: 1
  • Lower Level Bedrooms: 1
  • Lvt Date: 12/10/2025
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 3
  • Parcel Code Number: 28-6311-33337
  • Patioporch: Deck, Porch, Covered, Enclosed, Screened
  • Percent Of Bsmnt Finished: 100
  • Real Estate Tax: 2615.00
  • Style: 1 1/2 Story
  • Type: Residential
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 2480
  • Bedroom 1: Size: 10x11, On Level: Main
  • Total Bathrooms: 2
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Elec. Dryer
  • Basement: Block, Full, Walkout
  • Bedroom 2: Size: 10x10, On Level: Main
  • Bedroom 3: Size: 10x16, On Level: Lower
  • Fireplace: Free Standing, Wood Burning
  • Kitchen: Size: 10x13, On Level: Main
  • Living Room: Size: 13x23, On Level: Main
  • Main Level Bedrooms: 2
  • Other Room 2: Utility, Size: 12x11, On Level: Lower
  • Other Room 3: Loft, Size: 29x27, On Level: Upper
  • Rec Room: Size: 16x122, On Level: Lower

Exterior Features

  • Exterior: Log
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage: 2 Stalls, Detached
  • Garage Capacity: 2
  • Garage Size: 24x26

Utilities

  • Cooling: Multi-Window A/C, Ceiling Fan
  • Utilities: Septic, Well
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 225x475
  • Number Of Acres: 2.6
  • Zoning: r

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/10/2025 12/10/25 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: Range Association of REALTORS®

Purchase History

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

Mortgage History

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

Source: Range Association of REALTORS®

MLS Number: 149371

Range Association of REALTORS®

APN: 28-6311-33337