3 years on rocket

2879 Waters Is, Ely, MN, 55731

$175,000

3.10 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential
WaterfrontLake
ViewLake, Panoramic
MLS #6095907
Lot Size3.10 Acres
StatusActive
(ACTIVE)

About 2879 Waters Is

Waters Island, Burntside Lake! Incredible Island Setting For The Lake Home Or Cabin Of Your Dreams! One of the best views on Burntside overlooking the lake & forest below! Featuring 3.1 acres & 225 ft lakeshore in a park like forest of towering pines & rock outcroppings with spectacular island-studded 2 mile blue water & sunshine vistas NE, E & SE. Relax in front of your future fireplace & enjoy this elevated commanding view of the orange moon rising out of the water, with its track of moonlight coming right to you. Level shoreline in cove may be ideal for dock, boatlift, boathouse. This gorgeous parcel has been surveyed, approved for septic & electricity is on site. Burntside is a 126 ft deep, exceptionally clear lake of 7314 acres & over 100 islands with trout, walleye & northerns. It’s pristine waters are the source of Ely’s drinking water. See attached Covenants & survey showing construction & utility easements. It is very rare to find a building lot with superb views, great waterfront, and towering pine forest on the west end of the lake, just a short boat ride from mainland launch.

Property Details

Property Features

Listing Office:

  • Office Name: Janisch Realty Inc.

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake, Panoramic

Lot Features

Lot Information:

  • Lot: Irregular Lot, Many Trees, Rolling/Hilly
  • Lot Size: 3.10 Acres

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: By boat, NW from Van Vac Public Landing

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000
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Housing Market Comparison

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

Med. Sold Price

$236K

Med. Price/SqFt

$173

Avg. Days On Market

293

# of Sold Homes

2

2879 Waters Is vs Ely

1111 DAYS ON ROCKET

+818 Days

$175,000

-$61K Less

KEY TAKEAWAY

This property is $61K less than the Median Sold Price in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6095907

Listing Office:

  • Office Name: Janisch Realty Inc.

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: 4/28/2024, 9:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$941

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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NMLS#3030

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-2113419
5
/10
  • Washington Elementary School

  • 600 E Harvey St

  • 6.19 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2113420
7
/10
  • Memorial Middle School

  • 600 E Harvey St

  • 6.19 miles

  • Public District Grades 6-8

High School

school-card-donut-2113421
8
/10
  • Memorial High School

  • 600 E Harvey St

  • 6.19 miles

  • Public District Grades 7-12

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. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2879 Waters Is

What is the listing price of this property?

The listing price of 2879 Waters Is property is $175,000.

What type of property is this?

The property 2879 Waters Is is land located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 2879 Waters Is is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2879 Waters Is are:
Washington Elementary School: GreatSchools Rating 5/10
Memorial Middle School: GreatSchools Rating 7/10
Memorial High School: GreatSchools Rating 8/10

How much acreage is this property?

The property 2879 Waters Is is 3.10 acres.
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Rocket HomesMinnesotaSaint Louis CountyEly557312879 Waters Is

This home is located at 2879 Waters Is in Ely, MN and zip code 55731. This home sits on a 3.10 acre lot. It has been listed on Rocket Homes since April 12, 2021 and is currently priced at $175,000.

While more than 0 listings in Ely, MN in March 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 1 were sold below. In March 2024 in Ely, MN there were 4.5% more homes for sale than in February 2024. Listings spent 293 days on the market in March 2024, and had a median list price of $236,000 during the same period.

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

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