296 Shady Ln, Ely, MN, 55731

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296 Shady Ln, Ely$329,000

Buyer Closing Credits

$3,907^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

ParkingNone

Year Built1998

HeatingFireplace(s), Wood

WaterfrontPond

FireplaceFree Standing

MLS #6114954

Lot Size5.75 Acres

StatusActive
(ACTIVE)

About 296 Shady Ln

This northwoods two bedroom, one bath, cabin with drilled well and compliant septic can be enjoyed year round! Open floor plan with natural woodwork throughout, woodstove in the living room, main floor bedroom and bathroom with an open sleeping loft above. This cabin sits on 5.75 acres, overlooking a scenic pond and includes a parcel on Fall Lake, affording direct access to the Boundary Waters Canoe Area Wilderness. A wonderful, private, up north retreat to enjoy all the northwoods of Minnesota has to offer!!

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Property Details

Property Features

Property Information:

• Architectural Style: Bungalow
• Year Built: 1998
• Stories: 1
• Living Area: 912 SqFt

Listing Office:

• Office Name: Keller Williams Classic Realty NW - Ely
• Listing Agent: Lori Schulze

Interior Features

Interior Information:

• Fireplace: Free Standing

Bedroom and Bathroom Information:

• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Waterfront: Pond

Parking Information:

• Attached Garage: No
• Parking: None

Lot Features

Lot Information:

• Lot Size: 5.75 Acres

Utilities

Utilities Information:

• Heating: Fireplace(s), Wood

Other

Directions Information:

• Directions: From Ely, take Hwy 169 East to Left on CR88. Turn right on Ely Winton Rd. Turn left on Cloquet Line. Turn right on Shady Lane. Stay left at fork in the road. 296 Shady Ln. is first driveway on the right after the fork in the road.

Price Information

Listing Price Info

Price Summary:

• List Price: $329,000
• Price Per SqFt: $361/SqFt

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Housing Market Comparison

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

Ely, MN

City

Med. Sold Price

$199K

Med. Price/SqFt

$145

Avg. Days On Market

68

# of Sold Homes

8

296 Shady Ln vs Ely

158 DAYS ON ROCKET

+90 Days

$329,000

+$130K More

$361/SqFt

+$216 More

KEY TAKEAWAY

This property is $130K more than the Median Sold Price and $216/SqFt more than other homes in Ely, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

• MLS Number: #6114954

Listing Office:

• Office Name: Keller Williams Classic Realty NW - Ely
• Listing Agent: Lori Schulze

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: 12/23/2024, 1:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Jun 09, 2017	Jun 09, 2017Home Sold	$119,000
Jun 09, 2017	Jun 09, 2017Home Sold	$119,000

History based on county public records data.

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**Disclosures

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›296 Shady Ln

This home is located at 296 Shady Ln in Ely, MN and zip code 55731. This 912 square foot home, which was built in 1998, sits on a 5.75 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 17, 2024 and is currently priced at $329,000.

In November 2024 more than 0 listings in Ely, MN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 7 were sold below. The inventory of homes for sale in Ely, MN between October 2024 and November 2024 decreased by 16.7%. While the average time on the market in November 2024 was 68 days, the median list price was $199,000.

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