15 days on rocket

3061 Arm Rd, Ely, MN, 55731

$1,899,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
4,980 SqFt
$381/SqFt
House
Schools Nearby

Location

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3061 Arm Rd, Ely$1,899,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Covered, Detached, Gravel, Asphalt, Garage Door Opener, Guest Parking, Storage
Attached Garage3 spaces
Year Built1997
HeatingBaseboard, Forced Air, Fireplace(s)
CoolingCentral Air
BasementYes
WaterfrontLake Front
FireplaceElectric, Family Room, Living Room, Stone, Wood Burning
ViewLake, Other
MLS #6537958
StatusActive

About 3061 Arm Rd

Nestled gracefully along the shores of Burntside Lake, this property merges luxury with the untamed beauty of the Northwoods. The meticulously crafted log home boasts main level living with plenty of additional space to host family or guests. The home showcases a generous wrap-around deck & patio that seamlessly transitions to indoor spaces, ideal for both intimate evenings & grand gatherings. With its westward view, evenings are bathed in golden sunsets with the calls of loons echoing across the waters. At the water's edge, you'll find a Finnish sauna, 150 feet of shoreline, a sandy beach, a pristine lake bottom & a private dock. Sunlight illuminates the remodeled main floor interior, the mature red & white pine trees, gardens & the flat yard, creating the perfect setting for lasting memories. Situated just off the Echo Trail and a quick 13-minute drive to the charming town of Ely, it’s a retreat like no other!

Property Details

Property Features

Property Information:

  • Year Built: 1997
  • Living Area: 4,980 SqFt

Listing Office:

  • Office Name: Keller Williams Integrity Realty

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer, Wine Cooler
  • Basement: Yes
  • Fireplace: Electric, Family Room, Living Room, Stone, Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Lake, Other

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Covered, Detached, Gravel, Asphalt, Garage Door Opener, Guest Parking, Storage

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air, Fireplace(s)
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Memorial High School, Public District Grades 7-12
  • Memorial Middle School, Public District Grades 6-8
  • Washington Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Echo Trail to East Arm Road. Left on East Arm Road. First right. Driveway is then the first left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,899,000
  • Price Per SqFt: $381/SqFt
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Housing Market Comparison

See how this home compares to others in Ely, MN.

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Ely, MN

City

Med. Sold Price

$223.5K

Med. Price/SqFt

$167

Avg. Days On Market

51

# of Sold Homes

11

3061 Arm Rd vs Ely

15 DAYS ON ROCKET

-36 Days

$1,899,000

+$1.6M More

$381/SqFt

+$214 More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price and $214/SqFt more than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6537958

Listing Office:

  • Office Name: Keller Williams Integrity Realty

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Property Sales & Tax

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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.

Elementary School

school-card-donut-6227727
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 3.66 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6227728
4
/10

  • Memorial Middle School

  • 600 E Harvey St

  • 3.66 miles

  • Public District Grades 6-8

High School

school-card-donut-6227729
7
/10

  • Memorial High School

  • 600 E Harvey St

  • 3.66 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,745. The majority of Ely, MN residents have income between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3061 Arm Rd

What is the listing price of this property?

The listing price of 3061 Arm Rd property is $1,899,000.

What type of property is this?

The property 3061 Arm Rd is a house located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 3061 Arm Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3061 Arm Rd are:
Washington Elementary School: GreatSchools Rating 7/10
Memorial Middle School: GreatSchools Rating 4/10
Memorial High School: GreatSchools Rating 7/10

How many bedrooms and bathrooms does this property have?

The property at 3061 Arm Rd has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 3061 Arm Rd is 4,980 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3061 Arm Rd is 1997.

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›3061 Arm Rd

This home is located at 3061 Arm Rd in Ely, MN and zip code 55731. This 4,980 square foot home was built in 1997. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $1,899,000.

Over 5 listings were sold over their listed price in April 2024 in Ely, MN. In the same period over 6 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Ely, MN between March 2024 and April 2024 increased by 33.3%. The median list price of listings available in April 2024 was $223,500, while the average time on the real estate market was 51 days.

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

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