6 months on rocket

3231 Wolf Lake Rd, Morse Twp, MN, 55731

$4,500,000

5 Bedrooms
2 Full Baths, 2 Partial
5,250 SqFt
$857/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Gravel
Garage2 spaces
Year Built2007
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontLake Front
FireplaceTwo Sided, Amusement Room, Family Room, Free Standing, Stone, Wood Burning Stove
ViewBay, Other, River
MLS #6558966
StatusActive

About 3231 Wolf Lake Rd

Ready to make this dream estate your legacy? Burntside Lake Home on Outlet Bay in Ely is now available. Whether watching trout swim upstream, observing eagles dive for fish, or enjoying the serenity of the woodland surroundings, you'll find countless reasons to stay and call Greystone home. Unparalleled living experience in Ely, MN. This one-of-a-kind custom home 5BR/6BA home is being offered for the very first time. Nestled on a sprawling 20-acre estate, this property boasts 1155 ft of pristine shoreline along Burntside Lake's Outlet Bay and the Burntside River. Surrounded by the beauty of nature, this estate is designed for those who seek both luxury and adventure. Greystone offers many features, too many to list, but include: 2 double sided Tulikivi green soapstone fireplaces (one with a pizza oven), two laundry rooms (main floor and 2nd flr), elevator, secret underground passage to the garage and guest rooms, outdoor kitchen, boathouse with patio, walking paths, pole bldg, She Shed

Property Details

Property Features

Property Information:

  • Year Built: 2007
  • Living Area: 5,250 SqFt

Listing Office:

  • Office Name: z'Up North Realty, Inc.

Interior Features

Interior Information:

  • Appliances: Central Vacuum, Dishwasher, Microwave, Range, Refrigerator, Oven, Washer
  • Basement: Yes
  • Fireplace: Two Sided, Amusement Room, Family Room, Free Standing, Stone, Wood Burning Stove

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Bay, Other, River

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Gravel

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Hwy 169 to Wolf Lake Road to Fire number

Price Information

Listing Price Info

Price Summary:

  • List Price: $4,500,000
  • Price Per SqFt: $857/SqFt
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Housing Market Comparison

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

Med. Sold Price

$199K

Med. Price/SqFt

$145

Avg. Days On Market

68

# of Sold Homes

8

3231 Wolf Lake Rd vs Ely

180 DAYS ON ROCKET

+112 Days

$4,500,000

+$4.3M More

$857/SqFt

+$712 More

KEY TAKEAWAY

This property is $4.3M more than the Median Sold Price and $712/SqFt more than other homes in Ely, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6558966

Listing Office:

  • Office Name: z'Up North Realty, Inc.

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Property Sales & Tax

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$22.5K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$13.5K

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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-868645
7
/10
  • Washington Elementary School

  • 600 E Harvey St

  • 7.61 miles

  • Public District Grades PK-5

school-card-donut-868646
2
/10
  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 13.02 miles

  • Public District Grades PK-6

school-card-donut-868647
4
/10
  • Babbit Elementary School

  • 30 South Dr

  • 13.21 miles

  • Public District Grades PK-6

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. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3231 Wolf Lake Rd

What is the listing price of this property?

The listing price of 3231 Wolf Lake Rd property is $4,500,000.

What type of property is this?

The property 3231 Wolf Lake Rd is a house located in Morse Twp, Minnesota, 55731.

Is this property for sale now?

Active Listing: 3231 Wolf Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 3231 Wolf Lake Rd has 5 bedrooms and 2 full and 2 half bathrooms.

What is the square footage of this property?

The property 3231 Wolf Lake Rd is 5,250 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3231 Wolf Lake Rd is 2007.
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Rocket Homes›Minnesota›Saint Louis County›Ely›55731›3231 Wolf Lake Rd

This home is located at 3231 Wolf Lake Rd in Morse Twp, MN and zip code 55731. This 5,250 square foot home was built in 2007. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $4,500,000.

In November 2024, from all listings sold in Ely, MN there were more than 0 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. In November 2024 in Ely, MN there were 15.7% less homes for sale than in October 2024. Listings spent 68 days on the market in November 2024, and had a median list price of $199,000 during the same period.

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

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