Lovely year around home on Fall Lake located just 5 miles north of Ely. This south facing gem has 3 bedrooms and 2 baths and is a 2 level home with a finished walk out basement. Gorgeous island views from both levels! Fall Lake has very good fishing and is approx. 6 miles long with the northern part of the lake being in the famous Boundary Waters Wilderness Area, offering direct access to Basswood Lake and the Canadian border! Location, location, location! The home's main level has a huge 4 season sun porch, large kitchen with lots of counter space, living room with a gorgeous "Mike Braun" stone fireplace (propane), 2 bedrooms, and a large bathroom. Downstairs is a large family room with an impressive brick wood burning fireplace, full bar with sink, a 3rd bedroom, bathroom, nice laundry area, and 2 large utility/workshop rooms. Easy access shoreline with a sand beach area, and a fantastic cedar sauna with new wood burning Kuuma stove with a large changing room right near the beach and the roll-in dock! Two detached 2-stall garages: one right by the house with furnace and bathroom with sink and toilet, and the other on the hill by the access road, also insulated and with a heater, and near a large woodshed. Other features of the home include a large wrap around deck, and new dual fuel hot water heating boilers. Outside enjoy the lovely lupine flowers, great lake views, a garden area, and excellent privacy! Drilled well, compliant septic system. Parcel size is approx. 1.01 acres with 178 feet of shoreline, and the feeling of complete privacy is abundant here! The home has a great location on one of Ely's finest lakes and is ready to go as your Ely area year-around home or vacation headquarters!
Sold for $735,000
$735,000
118 Onigum Tr, Ely, MN 55731
3beds
2,189sqft
Single Family Residence
Built in 1982
1.06 Acres Lot
$749,100 Zestimate®
$336/sqft
$2,523 Estimated rent
Home value
$749,100
$674,000 - $832,000
$2,523/mo
Zestimate® history
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List your homeWhat's special
Brick wood burning fireplaceCedar saunaWrap around deckSouth facing gemIsland viewsGarden areaFull bar with sink
Zillow last checked:
Listing updated:
Listed by:
Jeff Hway 218-349-0906,
Bear Island Realty LLC,
Zachary Hway 651-341-0383,
Bear Island Realty LLC
Bought with:
Jodi Nyman, MN 40764018
Z' Up North Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6120241
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- 3/4 bathrooms: 2
- Main level bedrooms: 1
Rooms
- Room types: Family/Rec, Sunrm/Solarium, Utility Room
Bedroom
- Level: Main
- Area: 125 Square Feet
- Dimensions: 10 x 12.5
Bedroom
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12 x 13
Bedroom
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12 x 13
Bedroom
- Level: Lower
- Area: 144 Square Feet
- Dimensions: 12 x 12
Bathroom
- Description: Large bath with shower
- Level: Main
- Area: 156 Square Feet
- Dimensions: 12 x 13
Family room
- Description: and 16.5 x 11
- Level: Lower
- Area: 420 Square Feet
- Dimensions: 15 x 28
Kitchen
- Level: Main
- Area: 181.5 Square Feet
- Dimensions: 11 x 16.5
Living room
- Description: With a large fireplace
- Level: Main
- Area: 275.5 Square Feet
- Dimensions: 14.5 x 19
Sun room
- Level: Main
- Area: 336 Square Feet
- Dimensions: 12 x 28
Utility room
- Description: there are two utility rooms
- Level: Lower
- Area: 138 Square Feet
- Dimensions: 12 x 11.5
Utility room
- Level: Lower
- Area: 138 Square Feet
- Dimensions: 12 x 11.5
Heating
- Baseboard, Propane, Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Water Heater-Electric, Water Softener-Owned, Dishwasher, Dryer, Microwave, Range, Refrigerator, Trash Compactor, Washer
Features
- Windows: Double Glazed, Wood Frames
- Basement: Full,Egress Windows,Finished,Bath,Bedrooms,Family/Rec Room,Fireplace,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
- Number of fireplaces: 2
- Fireplace features: Gas, Basement
Interior area
- Total interior livable area: 2,189 sqft
- Finished area above ground: 1,382
- Finished area below ground: 807
Property
Parking
- Total spaces: 4
- Parking features: Gravel, Detached, Multiple, Bathroom, Electrical Service, Heat, Insulation, Plumbing, Slab
- Garage spaces: 4
Features
- Has view: Yes
- View description: Inland Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Hard, Sand, Elevation-Medium)
- Body of water: Fall
- Frontage length: 200
Lot
- Size: 1.06 Acres
- Dimensions: 234 x 200
- Features: Accessible Shoreline, Many Trees, High, BWCA Access
- Residential vegetation: Heavily Wooded
Details
- Parcel number: 26637418040
- Zoning description: Residential
- Other equipment: Fuel Tank-Rented
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Wood, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1982
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer
- Water: Drilled
Community & HOA
HOA
- Has HOA: No
Location
- Region: Ely
Financial & listing details
- Price per square foot: $336/sqft
- Tax assessed value: $564,400
- Annual tax amount: $3,267
- Date on market: 6/20/2025
- Cumulative days on market: 49 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2025 | Sold | $735,000-0.5%$336/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6120241 Report a problem | ||
| 8/8/2025 | Pending sale | $739,000$338/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120241 Report a problem | ||
| 8/6/2025 | Price change | $739,000-6.3%$338/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120241 Report a problem | ||
| 6/20/2025 | Listed for sale | $789,000$360/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6120241 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,267 -3.9% | $564,400 -0.8% |
| 2024 | $3,401 +26.7% | $568,900 +0.9% |
| 2023 | $2,685 +4% | $564,000 +84.1% |
| 2022 | $2,581 +6.5% | $306,437 |
| 2021 | $2,425 -22.8% | $306,437 |
| 2020 | $3,139 +6.6% | $306,437 -9.2% |
| 2018 | $2,945 +18.7% | $337,400 -2.4% |
| 2017 | $2,481 +1.9% | $345,700 +12.5% |
| 2016 | $2,434 -2.8% | $307,400 -0.6% |
| 2015 | $2,505 | $309,200 |
| 2014 | $2,505 +16% | -- |
| 2013 | $2,159 +3.1% | -- |
| 2012 | $2,093 | -- |
| 2011 | -- | -- |
| 2010 | $2,287 | -- |
Find assessor info on the county website
Neighborhood: 55731
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- Minnesota
- Lake County
- Ely
- 55731
- 118 Onigum Tr
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