NOT LISTED FOR SALE

611 Circle Dr Ely, MN 55731

Estimated Value: $577,000 - $652,000

3 Beds
1 Bath
1,253 Sq Ft
$499/Sq Ft Est. Value

Last Sold July 18, 2025

Last sale price $616,500 $492 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,624/month

27 Days on Market

Highlights

  • Private Waterfront
  • Panoramic View
  • Deck
  • Beach Access
  • Heated Floors
  • Contemporary Architecture

About This Home

As of July 2025

Stunning Fall Lake Location!! Dreaming of a tranquil lakeside retreat? Look no further than this charming 3 bedroom, 1 bath lakeside cabin, nestled on 1.4 acres with 430 feet of shoreline on a beautiful point on Fall Lake. This one-of-a-kind property offers direct access to the Boundary Waters Canoe Area Wilderness (BWCAW),making it a perfect getaway for outdoor enthusiast and nature lovers alike. The cabin offers a spacious, open layout giving you a comfortable living space and rustic charm with warm wood finishes throughout the cabin-ideal for hosting family or friends. Cozy wood fireplace for cool evening. Cuddle up on the outside deck for spectacular sunrise, sunset and northern lights. There is also a two plus stall, detached garage. Drilled well and new peat filter septic system. Cabin will come partially furnished and ready for you to experience the beauty for yourself.

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 04/30/2025

Keller Williams Classic Realty NW - Ely

Last Buyer's Agent

Andrea Zupancich

Z' Up North Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,955

Year Built

  • Built in 1987

Lot Details

  • 1.4 Acre Lot
  • Lot Dimensions are 175x350
  • Private Waterfront
  • 430 Feet of Waterfront
  • Lake Front
  • Level Lot
  • Landscaped with Trees

Property Views

  • Lake
  • Panoramic

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • 1,253 Sq Ft Home
  • Multi-Level Property
  • Woodwork
  • Vaulted Ceiling
  • Skylights
  • Wood Burning Fireplace
  • Entrance Foyer
  • Living Room
  • Combination Kitchen and Dining Room
  • Loft
  • Heated Floors
  • Crawl Space
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Bathroom

Parking

  • 2 Car Detached Garage
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Balcony
  • Deck

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Baseboard Heating
  • Drilled Well
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 28-6369-01120

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,955

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Shown by appointment. Follow Hwy 169 east out of Ely, to Fall Lake Rd, turn left and go approx. 5 miles to the second Circle Drive, turn left and go approx. .25 mile to driveway on right.
  • L O1 Office Phone1 Number: 763-463-7500
  • PropAdjoinsPublicLand: No
  • Remodeled Addition: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Gravel, Hard, Sand, Shore-Accessible
  • Property Sub-Type: SF/Detached
  • Tax Year: 2025
  • View Type:Pond View: Inland Lake, Panoramic
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Eat-In Kitchen, Natural Woodwork, Skylight, Vaulted Ceilings, Foyer Entry
  • Amenities Exterior: Balcony, Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1253
  • Garage Type: Detached
  • Heat: Baseboard, Fireplace, In Floor, Wood, Electric
  • Fireplaces: 1
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Primary Bedroom
  • TotalBedrooms: 3
  • Year Built: 1987
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • Property Style: Contemporary
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Material: N/A
  • Basement Style: Crawl Space
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Combine with Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Loft
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1253
  • Exercise Room Level2: Main

Exterior Features

  • Waterfront Access: Private
  • Water Frontage In Feet: 430
  • Waterfront Name: Fall
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Electrical Service
  • Garage Capacity: 2

Utilities

  • Power Company: Minnesota Power
  • Sewer: Private
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Lake Superior #381

Lot Info

  • Estimated Lot Dimensions: 175x350
  • Estimated Number of Acres: 1.4
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium, Level
  • Parcel Number: 28-6369-01120
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3955

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2025
Closed on
Jul 18, 2025
Sold by
Cascone Michael and Cascone Nicole
Bought by
Ascher Michael
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Andrea Zupancich
Z' Up North Realty
List Price
$679,000
Sold Price
$616,500
Premium/Discount to List
-$62,500
-9.2%
Views
28
Current Estimated Value
$625,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,901
Avg. Annual Appreciation
3.47%
Original Mortgage
$493,200
Outstanding Balance
$492,365
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$133,036

Purchase Details

Listed on
May 24, 2019
Closed on
Sep 30, 2019
Sold by
Poisson Fred and Poisson Patricia R
Bought by
Cascone Michael and Cascone Nicole
Seller's Agent
Jeff Hway
Bear Island Realty LLC
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
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
11.11%
Original Mortgage
$291,250
Interest Rate
3.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ascher Michael $616,500 --
Cascone Michael $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ascher Michael $493,200
Previous Owner Cascone Michael $291,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2025 07/18/25 Sold $616,500 -5.1% $492 / Sq Ft
06/04/2025 06/04/25 Pending -- -- --
05/27/2025 05/27/25 Price Changed $649,900 -4.3% $519 / Sq Ft
05/08/2025 05/08/25 For Sale $679,000 +102.7% $542 / Sq Ft
10/03/2019 10/03/19 Sold $335,000 0.0% $267 / Sq Ft View Prior Sale
08/05/2019 08/05/19 Pending -- -- --
05/24/2019 05/24/19 For Sale $335,000 -- $267 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

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 $4,040 $560,700 $247,500 $313,200
2024 $2,299 $561,100 $247,500 $313,600
2023 $2,163 $549,200 $231,900 $317,300
2022 $3,469 $478,300 $231,900 $246,400
2021 $3,391 $373,800 $221,500 $152,300
2020 $3,980 $285,500 $249,400 $36,100
2019 $4,019 $318,100 $282,000 $36,100
2018 $4,217 $392,900 $282,000 $110,900
2017 $3,807 $407,700 $296,700 $111,000
2016 $3,807 $375,800 $282,000 $93,800
2015 $3,818 $377,000 $282,000 $95,000
2014 $3,818 $0 $0 $0
2013 $3,761 $0 $0 $0
2012 $3,681 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lori Schulze

    Seller's Agent in 2025

    Lori Schulze

    Keller Williams Classic Realty NW - Ely

    (218) 343-1787

    125 Total Sales

    Lori Schulze
    Section Image
  • Andrea Zupancich

    Buyer's Agent in 2025

    Andrea Zupancich

    Z' Up North Realty

    (218) 749-0159

    445 Total Sales

    Andrea Zupancich
    Section Image
  • Jeff Hway

    Seller's Agent in 2019

    Jeff Hway

    Bear Island Realty LLC

    (218) 349-0906

    162 Total Sales

    Jeff Hway
    Section Image

  • N

    Buyer's Agent in 2019

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6119013

APN: 28-6369-01120

Minnesota Lake County Ely 55731

611 Circle Dr, Ely, MN

Not Listed for Sale

Detached

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