5322 S Ely Is, Tower, MN, 55790

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

5322 S Ely Is, Tower$248,000

Buyer Closing Credits

$2,945^*

1.25% Loan Amount

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingNone

Year Built1958

HeatingNone

CoolingNone

WaterfrontLake

ViewBay, Lake

MLS #6112171

Lot Size9.74 Acres

StatusActive
(ACTIVE)

About 5322 S Ely Is

This Cute and Cozy, historic Lake Vermilion Ely Island off-grid Loggers cabin boasts 9.74 acres and 1140 ft. of lake shore! First time on the market in 50 years and renovated in 2017. Easy 5 minute commute from Stuntz Bay public boat launch. Enjoy privacy in the peaceful protected cove with gorgeous views of the lake across Seven Sisters to Pike Bay. NEW foundation supports, roof, windows, loft, front porch, screened in back porch and steps! Add another cabin on the main island if desired. Excellent fishing and swimming right from your dock. Abundant wildlife at your doorstep. Located close to McKinley Park, historic Soudan Mine and new State Park with numerous hiking/biking/ATV and snowmobile trails. Sold mostly furnished. Don't pass up the chance to own your own island paradise!

Property Details

Property Features

Property Information:

Architectural Style: Rustic Cabin
Year Built: 1958
Stories: 1
Living Area: 434 SqFt

Listing Office:

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

Interior Features

Interior Information:

Appliances: Range, Refrigerator
Interior: Hardwood Floors, Natural Woodwork, Vaulted Ceilings, Beamed Ceilings

Bedroom and Bathroom Information:

Total Bedroom Count: 1

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, Few Trees, Island/Peninsula
Lot Size: 9.74 Acres

Utilities

Utilities Information:

Heating: None
Cooling: None

Other

Directions Information:

Directions: Via boat to South Side of Ely Island. Nearest public boat launch is Stuntz Bay, Soudan.

Price Information

Listing Price Info

Price Summary:

List Price: $248,000
Price Per SqFt: $571/SqFt

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 Tower, MN.

Tower, MN

City

Med. Sold Price

$397K

Med. Price/SqFt

$336

Avg. Days On Market

270

# of Sold Homes

5322 S Ely Is vs Tower

319 DAYS ON ROCKET

+49 Days

$248,000

-$149K Less

$571/SqFt

+$234 More

KEY TAKEAWAY

This property is $149K less than the Median Sold Price and $234/SqFt more than other homes in Tower, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

MLS Number: #6112171

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: 12/22/2024, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$1,305

Per Month

Principal & Interest

$1,238

Home Price

Interest Rate

Down Payment

Loan Term

Property Taxes

Annual Cost

$/ Year

Mortgage Insurance

Monthly Premium

$/ Month

Homeowners Insurance

$67

Monthly Premium

$/ Month

Homeowners Association (HOA)

Monthly Fees

$/ Month

Utilities

Monthly Cost

$/ Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$810

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

/10

Tower-Soudan Elementary School
415 2nd St N
Distance between this listing and this school3.32 miles
Public District Grades PK-6

/10

Babbit Elementary School
30 South Dr
Distance between this listing and this school16.92 miles
Public District Grades PK-6

/10

Washington Elementary School
600 E Harvey St
Distance between this listing and this school18.25 miles
Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

42%

<35k

47%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

Post Secondary: 54%
High School: 36%
Masters: 10%

What types of families live nearby?

48%

Single, No Kids

11%

Single, with Kids

34%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Home Owners: 77%
Renters: 23%

How old are people in this area?

11%

<11 yrs old

12-17 yrs old

14%

18-34 yrs old

41%

35-64 yrs old

29%

65+ yrs old

What do the neighbors do for fun?

NASCAR
Figure Skating
Hunting

Where do the neighbors shop?

Bass Pro Shops
Dollar General
Wal-Mart

Where do the neighbors go to eat?

Hardee's
Applebees
Jimmy Johns

What do the neighbors drive?

GMC
Cadillac
Ram

What do the neighbors listen to?

Classic Country
Country
New Country

The neighbors living near this home have an average income of $43,676. Typical income of Tower, MN residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5322 S Ely Is

What is the listing price of this property?

The listing price of 5322 S Ely Is property is $248,000.

What type of property is this?

The property 5322 S Ely Is is a house located in Tower, Minnesota, 55790.

Is this property for sale now?

Active Listing: 5322 S Ely Is is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 5322 S Ely Is has 1 bedroom.

What is the square footage of this property?

The property 5322 S Ely Is is 434 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5322 S Ely Is is 1958.

Rocket Homes›Minnesota›Saint Louis County›Tower›55790›5322 S Ely Is

This home is located at 5322 S Ely Is in Tower, MN and zip code 55790. This 434 square foot home, which was built in 1958, sits on a 9.74 acre lot. Features: 1 bedroom. It has been listed on Rocket Homes since February 06, 2024 and is currently priced at $248,000.

Over 0 listings were sold over their listed price in November 2024 in Tower, MN. In the same period over 3 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Tower, MN between October 2024 and November 2024 decreased by 15.6%. Listings spent 270 days on the market in November 2024, and had a median list price of $397,000 during the same period.

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Lot Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 5322 S Ely Is

More Resources

More Homes For Sale in Tower

Homes For Sale in Nearby Cities

Housing Market Reports in Saint Louis County