5.5 wooded acres just 3 miles from the center of Ely. Enjoy peaceful country living watching plenty of wildlife living in the dream home or seasonal home you build. The west side of the property abuts a designated trout stream. You can catch your trout dinner... Don't miss this one!
Property Details
Property Features
Listing Office:
Office Name: Keller Williams Classic Realty NW
Lot Features
Lot Information:
Lot Size: 5.50 Acres
Other
Directions Information:
Directions: From the town of Ely - East on Highway 169 for 3 miles, turn right onto Truman LN to sign on right.
Price Information
Listing Price Info
Price Summary:
List Price: $52,900
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.
$332
Per Month
Principal & Interest
$265
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
$225
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Washington Elementary School
600 E Harvey St
Distance between this listing and this school2.89 miles
Public District Grades PK-5
4
/10
Babbit Elementary School
30 South Dr
Distance between this listing and this school15.94 miles
Public District Grades PK-6
2
/10
Tower-Soudan Elementary School
415 2nd St N
Distance between this listing and this school23.14 miles
Public District Grades PK-6
Nearby Schools
4
/10
Memorial Middle School
600 E Harvey St
Distance between this listing and this school2.89 miles
Public District Grades 6-8
Nearby Schools
8
/10
Memorial High School
600 E Harvey St
Distance between this listing and this school2.89 miles
Public District Grades 9-12
7
/10
Northeast Range Secondary School
30 South Dr
Distance between this listing and this school15.95 miles
The neighbors living near this home have an average income of $49,795. The majority of Ely, MN residents have income between $35k-100k annually. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About TBDLOT5 Truman Ln
What is the listing price of this property?
The listing price of TBDLOT5 Truman Ln property is $52,900.
What type of property is this?
The property TBDLOT5 Truman Ln is land located in Ely, Minnesota, 55731.
Is this property for sale now?
Active Listing: TBDLOT5 Truman Ln is For Sale (Active/New) which means the seller is accepting offers.
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 TBDLOT5 Truman Ln in Ely, MN and zip code 55731. This home sits on a 5.50 acre lot. It has been listed on Rocket Homes since May 26, 2023 and is currently priced at $52,900.
In November 2024, from all listings sold in Ely, MN there were more than 0 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Ely, MN between October 2024 and November 2024 decreased by 16.7%. In November 2024, listings were on the market for 68 days. During the same period, the median list price in this real estate market was $199,000.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Dick's Sporting Goods
Dollar General
Cracker Barrel
Texas Roadhouse
Applebees
Cadillac
Subaru
Oldsmobile
News/Talk/Information
New Country
Classic Country