15 days on rocket

UNIT4 Fernberg Rd, Ely, MN, 55731

$260,000

2.30 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential
WaterfrontLake
ViewLake
MLS #6113734
Lot Size2.30 Acres
StatusActive
(ACTIVE)

About UNIT4 Fernberg Rd

South facing lot on Garden Lake just 5 minutes from Ely. Garden Lake is part of a larger chain of lakes which also includes direct access to the BWCA. This lot has +-205' of shoreline and +-2.3 acres covered with Birch, Maple, Aspen and a few Pine trees. The lake is easily accessible from the building site which offers great views. The property is surveyed with the boundary lines cleared and flagged. Power is on site and the lot has been approved for septic. Close to public boat access, hiking trails and numerous other outdoor activities.

Property Details

Property Features

Listing Office:

  • Office Name: Wildwoods Land Company
  • Listing Agent: Chris Eilrich

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees
  • Lot Size: 2.30 Acres

School Info

Assigned Schools Information:

  • Two Harbors Secondary School, Public District Grades 6-12

Other

Directions Information:

  • Directions: From Ely....head out to the Fernberg Road....first driveway on your right after crossing Garden Lake Bridge. Signs on property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $260,000
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Housing Market Comparison

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

Med. Sold Price

$223.5K

Med. Price/SqFt

$167

Avg. Days On Market

51

# of Sold Homes

11

UNIT4 Fernberg Rd vs Ely

15 DAYS ON ROCKET

-36 Days

$260,000

+$36.5K More

KEY TAKEAWAY

This property is $36.5K more than the Median Sold Price in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6113734

Listing Office:

  • Office Name: Wildwoods Land Company
  • Listing Agent: Chris Eilrich

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: 6/1/2024, 7:20:33 PM 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

$1,365

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$846

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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.

High School

school-card-donut-6608085
6
/10
  • Two Harbors Secondary School

  • 1640 Highway 2

  • 60.51 miles

  • Public District Grades 6-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,643. The most common annual income of people living in Ely, MN is between $35k-100k. 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 UNIT4 Fernberg Rd

What is the listing price of this property?

The listing price of UNIT4 Fernberg Rd property is $260,000.

What type of property is this?

The property UNIT4 Fernberg Rd is land located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: UNIT4 Fernberg 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 UNIT4 Fernberg Rd are:
Two Harbors Secondary School: GreatSchools Rating 6/10

How much acreage is this property?

The property UNIT4 Fernberg Rd is 2.30 acres.
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Rocket HomesMinnesotaSaint Louis CountyEly55731UNIT4 Fernberg Rd

This home is located at UNIT4 Fernberg Rd in Ely, MN and zip code 55731. This home sits on a 2.30 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $260,000.

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 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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