6 months on rocket

UNIT5 Fernberg Rd, Ely, MN, 55731

$245,000

2.40 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
WaterfrontLake
ViewLake
MLS #6113735
Lot Size2.40 Acres
StatusActive
(ACTIVE)

About UNIT5 Fernberg Rd

This large +-2.4 acre lot on the North side of Garden Lake gently slopes down to the +-210 feet of shoreline and beautiful views of Garden lake. Main driveway is in to the property edge. The lot has been surveyed and power is on site. The lot is approved for septic. Garden Lake is a 653 acre lake, 55 ft deep & part of the White Iron Chain; a continuous waterway extending through Silver Rapids into Farm, South Farm & White Iron Lakes & Kawishiwi River directly into the BWCA, offering exceptional family recreation, motor boating, paddling, & fishing. Property offers prime features for building your cabin or home: building site with high ground, beautiful trees & gradual elevation to the water. Electricity at road. Ideal location, close to Ely, yet out in the wilderness.

Property Details

Property Features

Listing Office:

  • Office Name: Wildwoods Land Company
  • Listing Agent: Don Stocks

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Additional Land, Irregular Lot, Some Trees, Rolling/Hilly
  • Lot Size: 2.40 Acres

Other

Directions Information:

  • Directions: From Ely....head out to the Fernberg Road....first driveway on your right after crossing Garden Lake Bridge. Signs on property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $245,000

HOA Fees:

  • Amount: $801
  • Frequency: Annually
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 Ely, MN.

Med. Sold Price

$199K

Med. Price/SqFt

$145

Avg. Days On Market

68

# of Sold Homes

8

UNIT5 Fernberg Rd vs Ely

200 DAYS ON ROCKET

+132 Days

$245,000

+$46K More

KEY TAKEAWAY

This property is $46K more than the Median Sold Price in Ely, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #6113735

Listing Office:

  • Office Name: Wildwoods Land Company
  • Listing Agent: Don Stocks

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: 12/4/2024, 2:20:51 PM 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

$1,356

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$801

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.

Nearby Schools

school-card-donut-30764
7
/10
  • Washington Elementary School

  • 600 E Harvey St

  • 3.31 miles

  • Public District Grades PK-5

school-card-donut-30765
4
/10
  • Babbit Elementary School

  • 30 South Dr

  • 16.39 miles

  • Public District Grades PK-6

school-card-donut-30766
2
/10
  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 23.53 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,643. Typical income of Ely, MN residents is between $35k-100k annually. The most common type of family is 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 UNIT5 Fernberg Rd

What is the listing price of this property?

The listing price of UNIT5 Fernberg Rd property is $245,000.

What type of property is this?

The property UNIT5 Fernberg Rd is land located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: UNIT5 Fernberg Rd is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property UNIT5 Fernberg Rd is 2.40 acres.
Rocket Homes logo

Interested in UNIT5 Fernberg Rd? Let's connect.

Let Us Contact You

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.


Rocket HomesMinnesotaSaint Louis CountyEly55731UNIT5 Fernberg Rd

This home is located at UNIT5 Fernberg Rd in Ely, MN and zip code 55731. This home sits on a 2.40 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $245,000.

While more than 0 listings in Ely, MN in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 7 were sold below. In November 2024 in Ely, MN there were 16.7% less homes for sale than in October 2024. Listings spent 68 days on the market in November 2024, and had a median list price of $199,000 during the same period.

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

More Resources