14 days on rocket

Sale Pending

3054 Fernberg Rd, Ely, MN, 55731

$79,000

13.30 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential
ViewPanoramic
MLS #6113596
Lot Size13.30 Acres
StatusSale Pending
(PENDING)

About 3054 Fernberg Rd

Approx. 13.3 acres located near the very end of the Fernberg Road and just a half mile from the BWCAW and the Lake One entry point! Great end of the road location that has some nice building sites and easy access to power that goes through the east edge of the property. The property is a mix of high and low ground with approx. 5 acres being high ground with rolling hills and nice mature tree cover of mostly jack pine and white pine....and the rest being low ground with a beautiful black spruce forest. The high ground is approx. 3.25 acres on the east side of the property that is accessible by the road and power, and approx. 1.75 acres on the west end of the property on the other side of the spruce low ground. The property directly adjoins state lands to the south all the way to the BWCA , and National Forest lands to the east. The property is accessed by a private gravel road that turns right off the Fernberg and accesses 3 private properties with this property being the last one at the end of the road! A small narrow driveway continues into the property to the building site area. Power is just a hundred or so feet away from nice areas to build! This would be a great location to build a year around home or a fantastic getaway cabin!

Property Details

Property Features

Listing Office:

  • Office Name: Bear Island Realty LLC

Exterior Features

Exterior Information:

  • View: Panoramic

Lot Features

Lot Information:

  • Lot: Many Trees, Rolling/Hilly
  • Lot Size: 13.30 Acres

School Info

Assigned Schools Information:

  • Two Harbors Secondary School, Public District Grades 6-12
  • Minnehaha Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Ely, travel west on Hwy 169 past Winton. Road changes to the Fernberg Road. Follow Fernberg Road 22 miles to the property on the right. Sign on property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $79,000

Tax Information:

  • Annual Amount: $350
  • Tax Year: 2021
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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

3054 Fernberg Rd vs Ely

14 DAYS ON ROCKET

-37 Days

$79,000

-$144.5K Less

KEY TAKEAWAY

This property is $144.5K less than the Median Sold Price in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6113596

Listing Office:

  • Office Name: Bear Island Realty LLC

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: 5/23/2024, 5:20:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$350$56,900
2020$350$38,700
2018$351$43,600
2017$426$43,600

History based on county public records data.

Payment Calculator

$462

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$303

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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-708746
5
/10
  • Minnehaha Elementary School

  • 421 7th St

  • 64.47 miles

  • Public District Grades PK-5

High School

school-card-donut-708747
6
/10
  • Two Harbors Secondary School

  • 1640 Highway 2

  • 62.59 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 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 3054 Fernberg Rd

What is the listing price of this property?

The listing price of 3054 Fernberg Rd property is $79,000.

What type of property is this?

The property 3054 Fernberg Rd is land located in Ely, Minnesota, 55731.

Is this property for sale now?

Sale Pending: 3054 Fernberg Rd is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 3054 Fernberg Rd are:
Minnehaha Elementary School: GreatSchools Rating 5/10
Two Harbors Secondary School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $350 (source: MLS/based on county public records data).

How much acreage is this property?

The property 3054 Fernberg Rd is 13.30 acres.
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Rocket HomesMinnesotaSaint Louis CountyEly557313054 Fernberg Rd

This home is located at 3054 Fernberg Rd in Ely, MN and zip code 55731. This home sits on a 13.30 acre lot. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $79,000.

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 homes for sale in Ely, MN increased by 33.3% between March 2024 and April 2024. Listings spent 51 days on the market in April 2024, and had a median list price of $223,500 during the same period.

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

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