This newly remodeled home sits on 7 acres in the desirable Fayal Township! The front yard offers views of Beautiful Ely Lake, while the privacy of a large back deck allows you to entertain and enjoy a spacious back yard. The 4 bed, 1.75 bath has a variety of updates including flooring, carpet and appliances as well as a natural gas fireplace and water filtration system. Enjoy a drink in the updated bar room while watching your favorite sports team! New siding in 2024 on the house and 3 stall garage. New steel garage roof in 2025 and lots of garage space for vehicles and toys as well as 2 large storage units for extras. Everything you are looking for to have country living close to town!
Closed
$342,000
7424 Ely Lake Dr, Eveleth, MN 55734
4beds
2,452sqft
Single Family Residence
Built in 1982
7 Acres Lot
$348,100 Zestimate®
$139/sqft
$2,250 Estimated rent
Home value
$348,100
$303,000 - $400,000
$2,250/mo
Zestimate® history
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$2,202/mo
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Est. payment
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List your homeWhat's special
Natural gas fireplaceWater filtration systemLots of garage spaceUpdated bar roomNew steel garage roof
Zillow last checked:
Listing updated:
Listed by:
Steve Koleno 804-656-5007,
Beycome Brokerage Realty LLC
Bought with:
Norma Jean Jofs
Next Door Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6717895
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Level: Upper
- Area: 90 Square Feet
- Dimensions: 9x10
Bedroom 2
- Level: Upper
- Area: 90 Square Feet
- Dimensions: 9x10
Bedroom 3
- Level: Upper
- Area: 90 Square Feet
- Dimensions: 9x10
Bedroom 4
- Level: Lower
- Area: 90 Square Feet
- Dimensions: 9x10
Dining room
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Family room
- Level: Basement
- Area: 90 Square Feet
- Dimensions: 9x10
Kitchen
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Living room
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9x10
Heating
- Baseboard, Fireplace(s)
Cooling
- Window Unit(s)
Features
- Basement: Full
- Number of fireplaces: 1
Interior area
- Total structure area: 2,452
- Total interior livable area: 2,452 sqft
- Finished area above ground: 1,876
- Finished area below ground: 576
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage
- Garage spaces: 3
Accessibility
- Accessibility features: Doors 36"+
Features
- Levels: Multi/Split
Lot
- Size: 7 Acres
- Dimensions: 1295 x 296
Details
- Foundation area: 1300
- Parcel number: 340004000690
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1982
Utilities & green energy
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: Well
Community & HOA
Community
- Subdivision: Cedar Island Lake Beach Fayal
HOA
- Has HOA: No
Location
- Region: Eveleth
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $260,200
- Annual tax amount: $2,598
- Date on market: 5/8/2025
- Cumulative days on market: 126 days
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Sold | $342,000-3.4%$139/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6717895 Report a problem | ||
| 9/11/2025 | Pending sale | $354,000$144/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6717895 Report a problem | ||
| 7/14/2025 | Price change | $354,000-1.4%$144/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6717895 Report a problem | ||
| 5/20/2025 | Price change | $359,000-2.7%$146/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6717895 Report a problem | ||
| 5/8/2025 | Listed for sale | $369,000+88.3%$150/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6717895 Report a problem | ||
| 11/17/2020 | Sold | $196,000-8.8%$80/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6092205 Report a problem | ||
| 9/2/2020 | Pending sale | $215,000$88/sqft |
Source: Z' Up North Realty #6092205 Report a problem | ||
| 8/21/2020 | Price change | $215,000-6.5%$88/sqft |
Source: Z' Up North Realty #6092205 Report a problem | ||
| 8/7/2020 | Listed for sale | $230,000$94/sqft |
Source: Z' Up North Realty #6092205 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,598 +12.4% | $260,200 +2.5% |
| 2023 | $2,312 +14.2% | $253,800 +14.8% |
| 2022 | $2,024 -10.8% | $221,000 +23.1% |
| 2021 | $2,270 | $179,500 +6.3% |
| 2020 | $2,270 | $168,800 |
| 2019 | $2,270 +15.5% | $168,800 +2.1% |
| 2018 | $1,966 +1.5% | $165,400 |
| 2017 | $1,936 -1.5% | $165,400 -7.2% |
| 2016 | $1,966 -6.3% | $178,200 +26.6% |
| 2015 | $2,098 +5.4% | $140,800 +5.3% |
| 2014 | $1,990 +8.2% | $133,700 |
| 2013 | $1,839 -13.6% | $133,700 -18.4% |
| 2012 | $2,129 +15.7% | $163,800 -11.1% |
| 2011 | $1,839 +9.2% | $184,300 +9.4% |
| 2010 | $1,685 | $168,500 |
| 2009 | $1,685 +16.1% | $168,500 |
| 2008 | $1,451 +3.8% | $168,500 +7.9% |
| 2007 | $1,398 +17.1% | $156,100 +15% |
| 2006 | $1,194 +0.9% | $135,700 +32.3% |
| 2004 | $1,184 +29.4% | $102,600 +12% |
| 2003 | $915 +34.6% | $91,600 +10% |
| 2002 | $680 -1.3% | $83,300 +5% |
| 2001 | $689 +1.5% | $79,300 |
| 2000 | $678 | $79,300 |
Find assessor info on the county website
Neighborhood: 55734
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Nearby schools
GreatSchools rating
- 9/10Laurentian ElementaryGrades: PK-6Distance: 3.2 mi
- 5/10VIRGINIA HIGH SCHOOLGrades: 7-12Distance: 3.4 mi
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- Minnesota
- Saint Louis County
- Eveleth
- 55734
- 7424 Ely Lake Dr
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