10 months on rocket

2519 Bear Island River Rd, Ely, MN, 55731

$50,000

5.57 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeMixed Use
ViewOther
MLS #6111940
Lot Size5.57 Acres
StatusActive
(ACTIVE)

About 2519 Bear Island River Rd

WOW! Winter Wonderland in the Woods AND Your All season Launch Point to Volumes of Lakes, Trails and countless acres of the Northland Playgrounds! This 5.57 acre parcel is loaded with huge Red Pines, Birch, and other trees of the boreal forest. It is partially improved with a building pad, power is close by, internet from fiber at Bear Island River Road or from the sky so you can desk jockey from the woods, and it is located only 15 mins from Ely and 18 mins from Babbitt. You will be perfectly positioned to build your tiny home, magnificent log home or park your RV on this beautiful parcel located in an unorganized plat. Oh - lets not forget it borders 55.75 acres of Federal Land with 1850 feet of shore line on Bear Island lake directly to the west AND 40 acres of State of MN Land to the North. Don't miss out on this one...

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Classic Realty NW

Exterior Features

Exterior Information:

  • View: Other

Lot Features

Lot Information:

  • Lot: Irregular Lot, Many Trees, Level, Rolling/Hilly
  • Lot Size: 5.57 Acres

Other

Directions Information:

  • Directions: From Ely - (Directions from Google Maps) South on Central Ave/Highway 21 approx 6.6 miles, turn right onto Bear Island River Road and go 3.6 miles to the fire number of 2519- on the right side of the road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $50,000

Tax Information:

  • Annual Amount: $288
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Ely, MN

City

Med. Sold Price

$266K

Med. Price/SqFt

$222

Avg. Days On Market

93

# of Sold Homes

22

2519 Bear Island River Rd vs Ely

312 DAYS ON ROCKET

+219 Days

$50,000

-$216K Less

KEY TAKEAWAY

This property is $216K less than the Median Sold Price in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6111940

Listing Office:

  • Office Name: Keller Williams Classic Realty NW

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, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 18, 2020Home Sold
$35,000

Tax History

YEARPROP. TAXASSESSMENT
2020$288$26,300

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

Powered By

Rocket Mortgage

Advertisement

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-235946
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 5.40 miles

  • Public District Grades PK-6

school-card-donut-235947
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 8.89 miles

  • Public District Grades PK-5

school-card-donut-235948
2
/10

  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 15.16 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,745. The most common annual income of people living in Ely, MN is between $35k-100k. Typical family type is married, no kids. 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 2519 Bear Island River Rd

What is the listing price of this property?

The listing price of 2519 Bear Island River Rd property is $50,000.

What type of property is this?

The property 2519 Bear Island River Rd is land located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 2519 Bear Island River Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $288 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 18, 2020 for $35,000. (source: MLS/tax record).

How much acreage is this property?

The property 2519 Bear Island River Rd is 5.57 acres.
Rocket Homes logo

Interested in 2519 Bear Island River Rd? Let's connect.

Contact Us

(855) 200-2001

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›2519 Bear Island River Rd

This home is located at 2519 Bear Island River Rd in Ely, MN and zip code 55731. This home sits on a 5.57 acre lot. It has been listed on Rocket Homes since January 13, 2024 and is currently priced at $50,000.

Over 3 listings were sold over their listed price in October 2024 in Ely, MN. In the same period over 16 listings were sold below the listed price and 1 listings were sold for the listed price. In October 2024 in Ely, MN there were 4% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $266,000, while the average time on the real estate market was 93 days.

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

More Resources