For Sale: Ely MLS# 7044811
Active
$550,000
Single Family: 1.5 Stories
4 br • 3 ba • Built 2001
2,111 sqft • 4.2 acres
Lake Superior schools
MLS# 7044811
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Property Description
Exquisite Year-Round Log Home Retreat on 4 Wooded Acres. Priced below appraisal value. Set on 4 private, wooded acres just outside Ely. This finished log home is a rare combination of year-round comfort and true multi-purpose space — the kind of property that's hard to find and even harder to replace. The main log home offers a private primary suite plus a loft for additional sleeping space, warm-tile floors in the kitchen and bath, and the timeless character only a real log home delivers. But the real story here is everything around it: a heated two-car garage with two separate workshops — ideal for woodworking, mechanics, fabrication, or serious hobbyists —topped by a fully finished upper level with three additional bedrooms and a half bath. Altogether, this property offers flexible living and sleeping space for extended family, guests, or multi-generational living, all while keeping the main home private and quiet. Whether you need serious workshop space, room for a growing or visiting family, or simply want elbow room and privacy just minutes from Ely's lakes, trails, and the Boundary Waters, this property delivers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Price per sq ft:
$261
Property Type:
Single Family
City:
Ely
Garage Spaces:
2
County:
Lake
Year Built:
2001
State:
MN
Property Style:
1.5 Stories
Zip Code:
55731
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
2,111 ft2
Total Fireplaces:
2
Living Area:
2,111 ft2
Common Wall:
No
Appliances Included:
- Central Vacuum
- Dishwasher
- Dryer
- Electric Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Water Softener Owned
Fireplace Details:
- Family Room
- Fireplace Footings
- Gas
- Living Room
- Wood Burning
- Wood Burning Stove
Basement Details:
- Concrete
- Finished
- Sump Pump
- Walkout
Exterior
Stories:
One and One Half
Garage Spaces:
2
Garage Dimensions:
30x40
Garage Size:
1,200 ft2
Air Conditioning:
None
Foundation Size:
975 ft2
Foundation Dimensions:
32.5x30
Handicap Accessible:
None
Out Buildings:
Garage(s), Other, Workshop
Road Responsibility:
Private Maintained Road
Heating System:
- Boiler
- Dual Fuel/Off Peak
- Forced Air
- In-Floor Heating
- Wood Stove
Parking Features:
- Carport
- Detached Garage
- Gravel
- Heated Garage
Road Frontage:
Township
Exterior Material:
Log
Pool:
None
Roof Details:
- Age Over 8 Years
- Asphalt
- Metal
Rooms
1/4 Baths:
None
Full Baths:
1
Half Baths:
1
3/4 Baths:
1
Bathroom Details:
- Main Floor 3/4 Bath
- Separate Tub & Shower
- Upper Level 1/2 Bath
Dining/Kitchen:
Living/Dining Room
Laundry:
- Lower Level
- Sink
| Upper Level | Size | Sq Ft |
|---|---|---|
| Loft | 22 x 13 | 286 |
| Main Level | Size | Sq Ft |
|---|---|---|
| Bathroom | 8.5 x 10.3 | 80 |
| Dining Room | 13.9 x 11.8 | 143 |
| Kitchen | 19.5 x 10 | 190 |
| Living Room | 15.10 x 13.6 | 195 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Bathroom | 12.2 x 10.2 | 120 |
| Bedroom | 12.10 x 13.2 | 156 |
| Laundry | 18.3 x 8.6 | 144 |
| Recreation Room | 13.8 x 16.8 | 208 |
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
4.2
Geolocation:
47.865403, -91.798008
Lot Dimensions:
350 x 550
Addl Parcels:
2026
Zoning:
Residential-Single Family
Lot Description:
Tree Coverage - Heavy
Farm
Tillable Acres:
0
Pasture Acres:
0
Schools
School District:
381
District Phone:
2188348216
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,043
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$3,128
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fire Number:
12957
Fuel System:
- Electric
- Propane
- Wood
Sewer System:
Private Sewer
Water System:
- Drilled
- Private
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Z'Up North Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.