5441 N Ely Is, Tower, MN, 55790

Location

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5441 N Ely Is, Tower$399,000

Buyer Closing Credits

$4,738^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingNone

Year Built2023

HeatingNone

WaterfrontLake

MLS #6114028

Lot Size16.50 Acres

StatusActive
(ACTIVE)

About 5441 N Ely Is

Looking for your dream lakeside retreat? Look no further! This stunning property on Ely Island boasts 16.5 acres of mature woods, offering unparalleled privacy and tranquility. With 365 feet of shoreline, rocky outcroppings, island studded views, and towering pine trees, the natural beauty of this location is simply breathtaking space. The quality starter cabin provides a cozy and comfortable space to relax and unwind, while large windows offer mesmerizing views of the lake and surrounding landscape. Access couldn't be easier with a driveway directly from the lake, and the convenience of electricity ensures modern comforts even in this secluded setting. This property features not one, but two docks and new boat lift for all your water recreation needs. Unforgettable sunsets - with unobstructed views over the big water, every evening promises to be a spectacle Don't miss this opportunity!

Property Details

Property Features

Property Information:

Architectural Style: Rustic Cabin
Year Built: 2023
Stories: 1
Living Area: 240 SqFt

Listing Office:

Office Name: Vermilion Land Office, Inc
Listing Agent: Barb Hegg

Exterior Features

Exterior Information:

Waterfront: Lake
Exterior: Dock

Parking Information:

Attached Garage: No
Parking: None

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Lot Features

Lot Information:

Lot: Accessible Shoreline, Some Trees
Lot Size: 16.50 Acres

Utilities

Utilities Information:

Heating: None

Other

Directions Information:

Directions: Via boat from Aronson's Marina, Gruben's Marina, or public access sites.

Price Information

Listing Price Info

Price Summary:

List Price: $399,000
Price Per SqFt: $1,663/SqFt

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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

5441 N Ely Is vs Tower

201 DAYS ON ROCKET

-69 Days

$399,000

+$2K More

$1,663/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $2K more than the Median Sold Price and $1.3K/SqFt more than other homes in Tower, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

MLS Number: #6114028

Listing Office:

Office Name: Vermilion Land Office, Inc
Listing Agent: Barb Hegg

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, 4:20:53 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.

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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 school3.45 miles
Public District Grades PK-6

/10

Babbit Elementary School
30 South Dr
Distance between this listing and this school17.67 miles
Public District Grades PK-6

/10

Washington Elementary School
600 E Harvey St
Distance between this listing and this school18.86 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. The majority of Tower, MN residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5441 N Ely Is

What is the listing price of this property?

The listing price of 5441 N Ely Is property is $399,000.

What type of property is this?

The property 5441 N Ely Is is a house located in Tower, Minnesota, 55790.

Is this property for sale now?

Active Listing: 5441 N Ely Is is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The property 5441 N Ely Is is 240 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5441 N Ely Is is 2023.

Rocket Homes›Minnesota›Saint Louis County›Tower›55790›5441 N Ely Is

This home is located at 5441 N Ely Is in Tower, MN and zip code 55790. This 240 square foot home, which was built in 2023, sits on a 16.50 acre lot. It has been listed on Rocket Homes since June 03, 2024 and is currently priced at $399,000.

Tower, MN housing market in November 2024 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 3 sold below. The number of listings in Tower, MN decreased by 15.6% between October 2024 and November 2024. In November 2024, listings were on the market for 270 days. During the same period, the median list price in this real estate market was $397,000.

Location

Property Highlights

Property Details

Property Features

Exterior Features

Virtual/3D Tour

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 5441 N Ely Is

More Resources

More Homes For Sale in Tower

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Housing Market Reports in Saint Louis County