5 months on rocket

2928 Waters Is, Ely, MN, 55731

$2,450,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
2 Full Baths, 1 Partial
2,146 SqFt
$1,142/SqFt
House

Location

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2928 Waters Is, Ely$2,450,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

ParkingNone
Year Built1997
HeatingBaseboard, Wood, Electric
CoolingCentral Air, Ceiling Fan(s)
WaterfrontLake
FireplaceWood Burning
ViewLake, Panoramic
MLS #6114501
Lot Size25.70 Acres
StatusActive
(ACTIVE)

About 2928 Waters Is

Burntside Private Island Retreat With Mainland Lot! Gorgeous Sunrise To Sunset Vistas Of Treasured Burntside Lake. Waters Island Retreat features two parcels with a total of 20.9 acres of towering Norway pines & 1,897 ft southwest facing shoreline offering island studded views all the way across the main body of the lake, 5 cabins, 4 yurts, short boat ride across calm water to mainland lot. Mainland lot features 4.8 acres & 400 ft shoreline w/dock & swimming area in protected cove, just 7 paved miles south of Ely, & 1 paved mile past the public landing. Burntside is a 126 ft deep, exceptionally clear trout lake of 7314 acres & over 100 islands, stocked w/walleye & known for exceptional fishing & as the source of Ely’s drinking water. This is a rare property not often seen for sale on Burntside; a private island retreat with a mainland lot on the south shore of the main body of the lake!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch/Rambler
  • Year Built: 1997
  • Stories: 1
  • Living Area: 2,146 SqFt

Listing Office:

  • Office Name: Janisch Realty Inc.
  • Listing Agent: Lisa Janisch

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Range Hood, Microwave, Range, Refrigerator, Washer
  • Interior: Ceiling Fans, Hardwood Floors, Natural Woodwork, Tiled Floors
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake, Panoramic
  • Exterior: Deck, Dock, Gutter/Downspout

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Irregular Lot, Many Trees
  • Lot Size: 25.70 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Wood, Electric
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: By boat, NW from Van Vac Public Landing, Mainland property is road accessible.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,450,000
  • Price Per SqFt: $1,142/SqFt

Tax Information:

  • Annual Amount: $6,116
  • Tax Year: 2020
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Housing Market Comparison

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

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Ely, MN

City

Med. Sold Price

$199K

Med. Price/SqFt

$145

Avg. Days On Market

68

# of Sold Homes

8

2928 Waters Is vs Ely

179 DAYS ON ROCKET

+111 Days

$2,450,000

+$2.2M More

$1,142/SqFt

+$997 More

KEY TAKEAWAY

This property is $2.2M more than the Median Sold Price and $997/SqFt more than other homes in Ely, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #6114501

Listing Office:

  • Office Name: Janisch Realty Inc.
  • Listing Agent: Lisa Janisch

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: 12/22/2024, 3:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,116$538,600
2019$6,242$583,600
2017$6,190$582,600

History based on county public records data.

Payment Calculator

$12.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,412

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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-866445
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 6.54 miles

  • Public District Grades PK-5

school-card-donut-866446
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 15.29 miles

  • Public District Grades PK-6

school-card-donut-866447
2
/10

  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 15.37 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. Typical income of Ely, MN residents is between $35k-100k annually. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2928 Waters Is

What is the listing price of this property?

The listing price of 2928 Waters Is property is $2,450,000.

What type of property is this?

The property 2928 Waters Is is a house located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 2928 Waters Is 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 $6,116 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2928 Waters Is has 6 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 2928 Waters Is is 2,146 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2928 Waters Is is 1997.

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›2928 Waters Is

This home is located at 2928 Waters Is in Ely, MN and zip code 55731. This 2,146 square foot home, which was built in 1997, sits on a 25.70 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 25, 2024 and is currently priced at $2,450,000.

Ely, MN housing market in November 2024 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. Between October 2024 and November 2024, Ely, MN real estate market has seen decrease in the number of listings by 16.7%. In November 2024 median list price was $199,000 and the average listing age was 68 days.

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

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