2948 Miller Is, Ely, MN, 55731

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2948 Miller Is, Ely$950,000

Buyer Closing Credits

$10,000^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

ParkingNone

Year Built2002

HeatingBaseboard, Electric

CoolingNone

WaterfrontLake

ViewLake, Panoramic

MLS #6109849

Lot Size12.00 Acres

StatusActive
(ACTIVE)

About 2948 Miller Is

Burntside Lake -Private 12 acre island covered with mature pines. Two docks , one on each side of the island with easy access to the mainland. Boathouse with a winch. Custom built 3 bedroom, 2 bath cabin, insulated with central heat & central air. Vaulted ceilings in the main living area. Spacious , open loft. Master BR with full bath, laundry & patio door to the lakeside deck. Mound septic system, lake water system with a heat tape. Fenced garden area. Being sold mostly furnished including the generator & golf cart. The cabin has always been heated throughout the winter. This property has been meticulously maintained by the owners.

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Property Details

Property Features

Property Information:

• Architectural Style: Ranch/Rambler
• Year Built: 2002
• Stories: 1
• Living Area: 1,700 SqFt

Listing Office:

• Office Name: Ely Realty
• Listing Agent: Janet Erchul

Interior Features

Interior Information:

• Appliances: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
• Interior: Ceiling Fans, Natural Woodwork, Vaulted Ceilings, Drywalls, Main Floor Laundry, Dryer Hook-Ups, Washer Hook-Ups

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Waterfront: Lake
• View: Lake, Panoramic
• Exterior: Boat Slip, Deck, Dock, Porch

Parking Information:

• Attached Garage: No
• Parking: None

Lot Features

Lot Information:

• Lot: Accessible Shoreline, Many Trees, Level, See Remarks, Island/Peninsula
• Lot Size: 12.00 Acres

Utilities

Utilities Information:

• Heating: Baseboard, Electric
• Cooling: None

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: From Burntside Public Access off from Van Vac Rd. By boat, east to 2948 Miller Island. Owners rent a boat slip at Burntside Lodge. Buyers would need to set up access to the island with Burntside Lodge or a private property owner on land. Minnesota Land Trust Conservation easement in Documents.

Price Information

Listing Price Info

Price Summary:

• List Price: $950,000
• Price Per SqFt: $559/SqFt

Tax Information:

• Annual Amount: $7,244
• Tax Year: 2020

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Housing Market Comparison

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

Ely, MN

City

Med. Sold Price

$223.5K

Med. Price/SqFt

$167

Avg. Days On Market

51

# of Sold Homes

11

2948 Miller Is vs Ely

270 DAYS ON ROCKET

+219 Days

$950,000

+$726.5K More

$559/SqFt

+$392 More

KEY TAKEAWAY

This property is $726.5K more than the Median Sold Price and $392/SqFt more than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #6109849

Listing Office:

• Office Name: Ely Realty
• Listing Agent: Janet Erchul

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: 5/2/2024, 5:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$7,244	$584,800
2019	$6,854	$584,800
2017	$6,578	$567,600

History based on county public records data.

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**Disclosures

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›2948 Miller Is

This home is located at 2948 Miller Is in Ely, MN and zip code 55731. This 1,700 square foot home, which was built in 2002, sits on a 12.00 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 05, 2023 and is currently priced at $950,000.

In April 2024, from all listings sold in Ely, MN there were more than 5 sold above asking price, over 6 sold below and more than 0 were sold right at the asked price. The number of listings in Ely, MN increased by 33.3% between March 2024 and April 2024. In April 2024, listings were on the market for 51 days. During the same period, the median list price in this real estate market was $223,500.

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