$365,000

5441 Ely Island N Tower, MN 55790

Estimated payment $2,147/month

Total Views 13,137
-- Bed
-- Bath
240 Sq Ft
$1,521 Price per Sq Ft

About This Home

Possibly the best view on Lake Vermilion! Breathtaking views of 10+ islands. Everything on the property is new & ready for you to enjoy. This 16.5 acre parcel sits on a point with 180 degree views. 365' of elevated and flat shoreline.Property includes a new Amish-built cabin & outhouse with Andersen Windows & storm doors, Diamond Kote siding, closed cell spray foamed floor in cabin, new king-sized bed & coverings, 2 new futons, 400 amp electric service, new SS fridge/freezer, 20' one trip shipping container, second storage shed, new stairs down to new 40’ L shaped dock w/two cedar benches & swim ladder & new boat lift, additional 40’ dock & sitting deck, multiple fire rings & outdoor furniture, two viewing benches on the point, cedar swing, aluminum picnic table & bbq grill.Huge red & white pines, birch, poplar, maple & more. Property is dotted w/large boulders. Located very close to the deepest fishing holes on the lake. End of dock is 14' deep and great walleye fishing!

Listing Agent

Barbara Hegg

Vermilion Land Office Inc License #20052250 Listed on: 04/09/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,575

Year Built

  • Built in 2024

Lot Details

  • 16.5 Acre Lot
  • Irregular Lot
  • Property is zoned RES10

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 240 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 270-0020-01426

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,575

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Irregular Lot Size: Yes
  • Lvt Date: 04/09/2025
  • Parcel Code Number: 270-0020-01426
  • Real Estate Tax: 1575
  • Style: One Story, Seasonal
  • Total Above Grade Sq Ft: 240
  • Type: Residential
  • Year Built: 2024
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 240
  • Appliances: Refrigerator
  • Living Room: Size: o
  • Main Level Sq Ft: 240

Exterior Features

  • Exterior: Smart Siding
  • Roof: Asphalt, Shingle

Schools

  • School District: St.Louis County-2142

Lot Info

  • Lot Size: Dimensions: 1800x345
  • Number Of Acres: 16.5
  • Zoning: RES10

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 $1,660 $116,500 $103,300 $13,200
2022 $1,159 $116,500 $103,300 $13,200
2021 $1,164 $85,000 $74,100 $10,900
2020 $1,144 $85,000 $74,100 $10,900
2019 $1,100 $84,000 $75,800 $8,200
2018 $1,032 $83,700 $75,500 $8,200
2017 $1,054 $77,600 $71,100 $6,500
2016 $1,024 $75,100 $68,600 $6,500
2015 $1,094 $74,600 $62,600 $12,000
2014 $1,094 $74,600 $62,600 $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2025 07/20/25 Price Changed $365,000 -1.1% $1,521 / Sq Ft
07/08/2025 07/08/25 Price Changed $369,000 -1.6% $1,538 / Sq Ft
06/07/2025 06/07/25 Price Changed $375,000 -2.6% $1,563 / Sq Ft
05/30/2025 05/30/25 Price Changed $385,000 -3.5% $1,604 / Sq Ft
04/27/2025 04/27/25 For Sale $399,000 -- $1,663 / Sq Ft
Source: Range Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $150,000 None Available
Warranty Deed $120,000 Consolidated Title & Abstrac
Source: Public Records

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Source: Range Association of REALTORS®

MLS Number: 148121

Range Association of REALTORS®

APN: 270002001426