9 months on rocket

5322 S Ely Is, Tower, MN, 55790

$248,000

Home List Price

$2,945*

Closing Credit

1 Bedroom
0 Baths
434 SqFt
$571/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

5322 S Ely Is, Tower$248,000

Buyer Closing Credits

$2,945*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (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

School Info

Assigned Schools Information:

  • Northeast Range Secondary School, Public District Grades 7-12
  • Tower-Soudan Elementary School, Public District Grades PK-6

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
House and calculator

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.

Map thumbnail provided by MapBox

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

272 DAYS ON ROCKET

+136 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: 11/5/2024, 7:20:49 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

$1,305

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$810

Powered By

Rocket Mortgage

Advertisement

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.

Elementary School

school-card-donut-2067399
2
/10

  • Tower-Soudan Elementary School

  • 415 North 2nd St

  • 3.32 miles

  • Public District Grades PK-6

High School

school-card-donut-2067400
6
/10

  • Northeast Range Secondary School

  • 30 South Dr

  • 16.92 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,676. Typical income of Tower, MN residents is between $35k-100k annually. Residents typically live in single, no kids family. 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.

What are the assigned schools for this property?

The assigned schools for 5322 S Ely Is are:
Tower-Soudan Elementary School: GreatSchools Rating 2/10
Northeast Range Secondary School: GreatSchools Rating 6/10

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.

Tower, MN housing market in October 2024 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 7 sold below. The number of homes for sale in Tower, MN decreased by 20% between September 2024 and October 2024. In October 2024 median list price was $395,000 and the average listing age was 136 days.

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

More Resources