Garden Lake lot with expansive views. This south facing lot has just over 2 acres and +-227' of shoreline. Level building site with maple, birch and large pine trees. There is a large exposed rock cliff on the east side of with property which would make for a great campfire area overlooking the lake. New driveway into the building site is scheduled to be completed later fall 2024. Close to town with good year round access, surveyed, power and approved for septic.
Property Details
Property Features
Listing Office:
Office Name: Wildwoods Land Company
Listing Agent: Chris Eilrich
Exterior Features
Exterior Information:
Waterfront: Lake
View: Lake, Panoramic
Lot Features
Lot Information:
Lot: Accessible Shoreline, Some Trees
Lot Size: 2.10 Acres
School Info
Assigned Schools Information:
Two Harbors Secondary School, Public District Grades 6-12
Other
Directions Information:
Directions: East From Ely on Highway #169 to Luc Road. Follow to S. Luc Road. Property will be on your left.
Price Information
Listing Price Info
Price Summary:
List Price: $349,000
What can I afford?
Understand what home price range makes sense for your budget.
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.
$1,809
Per Month
Principal & Interest
$1,742
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,113
Powered By
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.
High School
6
/10
Two Harbors Secondary School
1640 Highway 2
Distance between this listing and this school60.55 miles
Public District Grades 6-12
Nearby Schools
7
/10
Washington Elementary School
600 E Harvey St
Distance between this listing and this school4.68 miles
Public District Grades PK-5
4
/10
Babbitt Elementary School
30 South Dr
Distance between this listing and this school17.22 miles
Public District Grades PK-6
2
/10
Tower-Soudan Elementary School
415 North 2nd St
Distance between this listing and this school24.96 miles
Public District Grades PK-6
Nearby Schools
4
/10
Memorial Middle School
600 E Harvey St
Distance between this listing and this school4.68 miles
Public District Grades 6-8
Assigned Schools
6
/10
Two Harbors Secondary School
1640 Highway 2
Distance between this listing and this school60.55 miles
Public District Grades 6-12
Nearby Schools
7
/10
Memorial High School
600 E Harvey St
Distance between this listing and this school4.68 miles
Public District Grades 7-12
6
/10
Northeast Range Secondary School
30 South Dr
Distance between this listing and this school17.23 miles
The neighbors living near this home have an average income of $59,643. Residents of Ely, MN typically earn between $35k-100k each year. The majority of families are married, no kids. 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 LOT4 S Luc Rd
What is the listing price of this property?
The listing price of LOT4 S Luc Rd property is $349,000.
What type of property is this?
The property LOT4 S Luc Rd is land located in Ely, Minnesota, 55731.
Is this property for sale now?
Active Listing: LOT4 S Luc Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for LOT4 S Luc Rd are: Two Harbors Secondary School: GreatSchools Rating 6/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at LOT4 S Luc Rd in Ely, MN and zip code 55731. This home sits on a 2.10 acre lot. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $349,000.
While more than 1 listings in Ely, MN in August 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 9 were sold below. The number of listings in Ely, MN increased by 11.4% between July 2024 and August 2024. In August 2024, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $296,750.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Dollar General
Dick's Sporting Goods
Cracker Barrel
Applebees
Texas Roadhouse
Cadillac
Subaru
Oldsmobile
News/Talk/Information
Classic Country
New Country