5 months on rocket

000 Snowbank Lake Rd, Ely, MN, 55731

$117,000

40.00 Acres
Land

Location

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Property Highlights

Home TypeUnimproved Land
ViewLake, Panoramic
MLS #6114216
Lot Size40.00 Acres
StatusActive
(ACTIVE)

About 000 Snowbank Lake Rd

Picturesque acreage near the BWCA with stunning views of Snowbank Lake. This 40-acre parcel is located off the Snowbank Lake Rd. which is within close proximity to several BWCA entry points. Featuring mature forest, high ground and ledge rock ledges, this property is a unique find. Very private and remote, this land is accessed by a series of easements off the Snowbank Lake Rd. and provides direct access to the Kekekabic Trail, often known as the “Kek,” which runs from Snowbank Lake in Ely all the way to the Gunflint Trail near Grand Marais. Truly a beautiful “end of the road” opportunity!

Property Details

Property Features

Listing Office:

  • Office Name: Bear Island Realty LLC
  • Listing Agent: Kate Davies

Exterior Features

Exterior Information:

  • View: Lake, Panoramic

Lot Features

Lot Information:

  • Lot: Many Trees
  • Lot Size: 40.00 Acres

Other

Directions Information:

  • Directions: Take Hwy. 169 east from Ely to the Fernberg Road. Follow the Fernberg Road to Snowbank Lake Rd. Turn on to Snowbank Lake Road and follow for 2 miles to Forest Road 1481 on the right. Follow #1481 for 1 mile to the end of the road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $117,000
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Housing Market Comparison

See how this home compares to others in Ely, MN.

Med. Sold Price

$266K

Med. Price/SqFt

$222

Avg. Days On Market

93

# of Sold Homes

22

000 Snowbank Lake Rd vs Ely

162 DAYS ON ROCKET

+69 Days

$117,000

-$149K Less

KEY TAKEAWAY

This property is $149K less than the Median Sold Price in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6114216

Listing Office:

  • Office Name: Bear Island Realty LLC
  • Listing Agent: Kate Davies

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 1:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$651

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$417

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-309125
7
/10
  • Washington Elementary School

  • 600 E Harvey St

  • 20.17 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,643. Typical income of Ely, MN residents is between $35k-100k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 000 Snowbank Lake Rd

What is the listing price of this property?

The listing price of 000 Snowbank Lake Rd property is $117,000.

What type of property is this?

The property 000 Snowbank Lake Rd is land located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 000 Snowbank Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 000 Snowbank Lake Rd is 40.00 acres.
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Rocket HomesMinnesotaSaint Louis CountyEly55731000 Snowbank Lake Rd

This home is located at 000 Snowbank Lake Rd in Ely, MN and zip code 55731. This home sits on a 40.00 acre lot. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $117,000.

Ely, MN housing market in October 2024 saw over 3 listings sold above listed price, more than 1 sold at listed price and over 16 sold below. Between September 2024 and October 2024, Ely, MN real estate market has seen decrease in the number of listings by 4%. Listings spent 93 days on the market in October 2024, and had a median list price of $266,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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