Discover the unparalleled serenity of Lake Vermilion's Ely Island with this charming cabin retreat nestled on 1.64 acres with 230' of shoreline. An open-concept loft design with large windows allows for abundant natural light and breathtaking lake views. A spacious deck offers the perfect setting for outdoor dining, relaxation and entertaining. The cabin includes a boat house that is currently used for storage but could easily be converted back to a boat house. The cabin is fully insulated. Two docks. Boat lift included. Easy boat access from several public boat launches. Embrace the simplicity and tranquility of island living in this Northern Minnesota cabin retreat. Don't miss out on this gem...schedule your private tour today!
Sold for $295,000
$295,000
5368 S Ely Island, Tower, MN 55790
2beds
862sqft
Single Family Residence
Built in 1994
1.64 Acres Lot
$342,600 Zestimate®
$342/sqft
$1,554 Estimated rent
Home value
$342,600
$322,000 - $367,000
$1,554/mo
Zestimate® history
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$1,874/mo
Est. payment
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Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Sherry Anderson 218-753-8985,
Vermilion Land Office, Inc
Bought with:
Sherry Anderson, MN 40026207
Vermilion Land Office, Inc
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6113803
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 1/4 bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 136.89 Square Feet
- Dimensions: 11.7 x 11.7
Bedroom
- Description: Loft area with walkway to upper deck
- Level: Upper
- Area: 195 Square Feet
- Dimensions: 13 x 15
Kitchen
- Level: Main
- Area: 131.1 Square Feet
- Dimensions: 10 x 13.11
Living room
- Description: Combination with dining room
- Level: Main
- Area: 420.75 Square Feet
- Dimensions: 15.3 x 27.5
Heating
- Baseboard, Wood, Electric
Cooling
- Window Unit(s)
Appliances
- Included: Microwave, Range, Refrigerator, Washer
Features
- Basement: N/A
- Number of fireplaces: 1
- Fireplace features: Free Standing
Interior area
- Total interior livable area: 862 sqft
- Finished area above ground: 862
- Finished area below ground: 0
Property
Parking
- Parking features: None, None
Features
- Patio & porch: Deck
- Exterior features: Dock
- Has view: Yes
- View description: Inland Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Rocky, Shore-Accessible)
- Body of water: Vermilion
- Frontage length: 230
Lot
- Size: 1.64 Acres
- Dimensions: 424 x 230
- Features: Accessible Shoreline, Some Trees
- Residential vegetation: Partially Wooded
Details
- Additional structures: Boat House
- Foundation area: 784
- Parcel number: 270011600040
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Aluminum, Frame/Wood
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1994
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Outhouse
- Water: None
Community & HOA
HOA
- Has HOA: No
Location
- Region: Tower
Financial & listing details
- Price per square foot: $342/sqft
- Tax assessed value: $243,900
- Annual tax amount: $2,437
- Date on market: 5/22/2024
- Cumulative days on market: 76 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 9/5/2024 | Sold | $295,000-15.7%$342/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6113803 Report a problem | ||
| 8/8/2024 | Contingent | $349,900$406/sqft |
Source: Range AOR #146721 Report a problem | ||
| 8/7/2024 | Pending sale | $349,900$406/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113803 Report a problem | ||
| 5/22/2024 | Listed for sale | $349,900$406/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6113803 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,522 -5.1% | $243,900 +16.4% |
| 2023 | $2,658 +3.7% | $209,600 |
| 2022 | $2,562 +13.7% | $209,600 +19.2% |
| 2021 | $2,254 | $175,900 +12.3% |
| 2020 | $2,254 | $156,600 |
| 2019 | $2,254 +18.5% | $156,600 +15.3% |
| 2018 | $1,902 -11.3% | $135,800 |
| 2017 | $2,144 +12.7% | $135,800 +1.9% |
| 2016 | $1,902 +2.5% | $133,300 +45.8% |
| 2015 | $1,856 +49.9% | $91,400 |
| 2014 | $1,238 +20.4% | $91,400 |
| 2013 | $1,028 -0.6% | $91,400 |
| 2012 | $1,034 -43.7% | $91,400 -51.9% |
| 2011 | $1,836 -7.1% | $190,200 -5.8% |
| 2010 | $1,977 | $201,900 |
| 2009 | $1,977 +19.8% | $201,900 +10.4% |
| 2008 | $1,651 +9.9% | $182,900 +15% |
| 2007 | $1,502 +32.5% | $159,000 +15% |
| 2006 | $1,134 +21.9% | $138,300 +40% |
| 2004 | $930 +8.2% | $98,800 +12% |
| 2003 | $859 +4.6% | $88,200 +10% |
| 2002 | $821 +40.8% | $80,200 +16.1% |
| 2001 | $583 +4% | $69,100 +8.5% |
| 2000 | $561 | $63,700 |
Find assessor info on the county website
Neighborhood: 55790
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Nearby schools
GreatSchools rating
- 5/10Tower-Soudan Elementary SchoolGrades: PK-6Distance: 3.1 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 17.2 mi
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- Minnesota
- Saint Louis County
- Ely
- 55790
- 5368 S Ely Island
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