Ely MN Homes for Rent

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Type:
Land
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Lot size:
8.2 Acres
Baths:
MLS#:
6032946

ADDITIONAL INFORMATION

8.2 Acres & +/- 623 feet of southwest facing Garden Lake shoreline. Diverse terrain with an elevated building site offering views down the bay. There are numerous other building site options away from the lake on the other side of the access road that divides this property. The shoreline is wetland for a significant distance before reaching the very shallow edge of water to the bay. The bay this property is located on has a soft bottom, with a thick level of weeds, and is challenging to navigate a watercraft through. The bay is only a few feet deep; this varies either way depending on the water levels related to seasonal precipitation levels. This property offers: survey, privacy, septic approval & power within property boundaries. To the NE, 40 acre parcels of federal land enhance the privacy of this wilderness setting. The neighbor to the south has built a driveway with the granted easement that runs along the East boundary line of this property. Garden Lake is part of the â??chain of lakesâ?? where boating directly to Farm and White Iron Lakes is possible and greatly extends your recreating area. A short distance from the BWCAW and easily accessed from a private association maintained road. This property has been privately owned by one family for over 60 years and is now offered to the public. Own your piece of the north woods, a beautiful canvas for your dream home or cabin.

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Andrea D. Conner, License # 40471694, Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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Ely Real Estate

The median home value in Ely, MN is $265,000. This is higher than the county median home value of $153,000. The national median home value is $219,700. The average price of homes sold in Ely, MN is $265,000. Approximately 55.49% of Ely homes are owned, compared to 27.87% rented, while 16.64% are vacant. Ely real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Ely real estate agent to arrange a tour today!

Ely, Minnesota has a population of 3,425. Ely is less family-centric than the surrounding county with 19.43% of the households containing married families with children. The county average for households married with children is 26.75%.

The median household income in Ely, Minnesota is $36,179. The median household income for the surrounding county is $50,936 compared to the national median of $57,652. The median age of people living in Ely is 46.8 years.

Ely Weather

The average high temperature in July is 78.7 degrees, with an average low temperature in January of -5 degrees. The average rainfall is approximately 28.9 inches per year, with 64.6 inches of snow per year.

Ely Real Estate Market Conditions

  • Median sales price

    $265,000
    18.89% change since last quarter
  • # Active listings

    101
    30-day change

Ely Schools and Demographics

Education near Ely, MN

Metric City County
High School Graduates 95.62 93.64
College Degree - 2 year 17.03 12.42
College Degree - 4 year 26.15 28.39
Graduate Degree 3.9 6.28
Expenditures per Student 12,827 14,181
Students per Teacher 15.7 18.2

Elementary Schools near Ely, MN

School Grades Students P/T Ratio ZIP
Babbitt Elementary School PK - 06 128 13.2 55706
Tower-Soudan Elementary School PK - 06 84 9.2 55790
Washington Elementary School PK - 05 268 13.8 55731

Middle Schools near Ely, MN

School Grades Students P/T Ratio ZIP
Memorial Middle School 06 - 08 125 19.8 55731

High Schools near Ely, MN

School Grades Students P/T Ratio ZIP
Memorial High School 07 - 12 161 14.2 55731
Northeast Range Secondary 07 - 12 152 14.7 55706
Vermilion Country School 07 - 12 58 9.7 55790

Demographics near Ely, MN

Metric City County
Neighborhood Type Suburban
Population 3,425 200,294
Population Density 1,171 32
Median Age 46.8 41
People per Household 1.9 2.2
Median Household Income 36,179 50,936
Average Income per Capita 24,504 29,197