5262 S Ely Is, Tower, MN, 55790

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5262 S Ely Is, Tower$490,000

Buyer Closing Credits

$5,819^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingNone

HeatingFireplace(s), Wood

CoolingNone

WaterfrontLake

FireplaceWood Burning

ViewBay, Lake

MLS #6115912

Lot Size39.25 Acres

StatusActive
(ACTIVE)

About 5262 S Ely Is

Welcome to your Lake Vermilion Tranquil Island retreat. This charming rustic 2 bedroom log cabin situated on 39.25 acres with 3225 total feet of shoreline on both sides of Ely Island offers the ultimate privacy. The log cabin exudes timeless charm of a bygone era. The warm, inviting interior features a vaulted ceiling, stone wood- burning fireplace and wood floors. Enjoy breathtaking, panoramic views of the pristine waters. Island life provides endless opportunities for boating, fishing, kayaking, hiking and relaxing by the water's edge. Accessible only by boat, this log cabin is a gateway to a lifestyle of peace and adventure. Escape the crowds and immerse yourself in the natural beauty and quietude of beautiful Northern Minnesota!

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Property Details

Property Features

Property Information:

• Architectural Style: Rustic Cabin
• Stories: 1
• Living Area: 624 SqFt

Listing Office:

• Office Name: Vermilion Land Office, Inc
• Listing Agent: Sherry Anderson

Interior Features

Interior Information:

• Appliances: Range, Refrigerator
• Interior: Hardwood Floors, Vaulted Ceilings, Beamed Ceilings
• Fireplace: Wood Burning

Bedroom and Bathroom Information:

• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Waterfront: Lake
• View: Bay, Lake
• Exterior: Deck, Dock

Parking Information:

• Attached Garage: No
• Parking: None

Lot Features

Lot Information:

• Lot: Accessible Shoreline, Some Trees
• Lot Size: 39.25 Acres

Utilities

Utilities Information:

• Heating: Fireplace(s), Wood
• Cooling: None

Other

Directions Information:

• Directions: Via boat from any boat launch. Stuntz Bay public boat launch to South side of Ely Island is approximately 1.65 miles.

Price Information

Listing Price Info

Price Summary:

• List Price: $490,000
• Price Per SqFt: $785/SqFt

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Housing Market Comparison

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

Tower, MN

City

Med. Sold Price

$395K

Med. Price/SqFt

$321

Avg. Days On Market

136

# of Sold Homes

9

5262 S Ely Is vs Tower

76 DAYS ON ROCKET

-60 Days

$490,000

+$95K More

$785/SqFt

+$463 More

KEY TAKEAWAY

This property is $95K more than the Median Sold Price and $463/SqFt more than other homes in Tower, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #6115912

Listing Office:

• Office Name: Vermilion Land Office, Inc
• Listing Agent: Sherry Anderson

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.

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Property Sales & Tax

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**Disclosures

Rocket Homes›Minnesota›Saint Louis County›Tower›55790›5262 S Ely Is

This home is located at 5262 S Ely Is in Tower, MN and zip code 55790. This 624 square foot home sits on a 39.25 acre lot. Features: 2 bedrooms. It has been listed on Rocket Homes since September 05, 2024 and is currently priced at $490,000.

While more than 2 listings in Tower, MN in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 7 were sold below. The number of homes for sale in Tower, MN decreased by 20% between September 2024 and October 2024. In October 2024, listings were on the market for 136 days. During the same period, the median list price in this real estate market was $395,000.

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