5322 S Ely Is, Tower, MN, 55790

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5322 S Ely Is, Tower$248,000

Buyer Closing Credits

$2,945^*

1.25% Loan Amount

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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!

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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

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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

5322 S Ely Is vs Tower

288 DAYS ON ROCKET

+152 Days

$248,000

-$147K Less

$571/SqFt

+$249 More

KEY TAKEAWAY

This property is $147K less than the Median Sold Price and $249/SqFt more than other homes in Tower, MN.

Based on homes sold in the last 12 months

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: 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›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.

In October 2024 more than 2 listings in Tower, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 7 were sold below. Between September 2024 and October 2024, Tower, MN real estate market has seen decrease in the number of listings by 20%. The median list price of listings available in October 2024 was $395,000, while the average time on the real estate market was 136 days.

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