This wooded lot on Big Lake off the Echo Trail faces west toward a quiet wilderness bay on one of Minnesota's most beautiful lakes. Most of Big Lake, also one of Minnesota's finest walleye lakes, is surrounded by state and federal land with only a handful of water-access only homes. A BWCA access is on the southern shore. No cabins are built on the lots on either side of Lot #12. The lot is part of the Big Lake Common Interest Community. This means any dwelling built on the site will be placed into the available rental units for designated weeks at Big Lake Wilderness Lodge, which is operated by well-established, experienced owners.
Property Details
Property Features
Listing Office:
Office Name: Canoe Capital Realty, LLC
Listing Agent: Kerry Davis
Exterior Features
Exterior Information:
Waterfront: Lake
Lot Features
Lot Information:
Lot Size: 0.27 Acres
School Info
Assigned Schools Information:
Northeast Range Secondary School, Public District Grades 7-12
Tower-Soudan Elementary School, Public District Grades PK-6
Other
Directions Information:
Directions: Echo Trail to Big Lake road to Big Lake Wilderness Lodge
Price Information
Listing Price Info
Price Summary:
List Price: $95,000
HOA Fees:
Amount: $1095
Frequency: Annually
What can I afford?
Understand what home price range makes sense for your budget.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$633
Per Month
Principal & Interest
$475
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$91
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$351
Powered By
Advertisement
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
2
/10
Tower-Soudan Elementary School
415 North 2nd St
Distance between this listing and this school23.37 miles
Public District Grades PK-6
High School
6
/10
Northeast Range Secondary School
30 South Dr
Distance between this listing and this school26.65 miles
Public District Grades 7-12
Assigned Schools
2
/10
Tower-Soudan Elementary School
415 North 2nd St
Distance between this listing and this school23.37 miles
Public District Grades PK-6
Nearby Schools
7
/10
Washington Elementary School
600 E Harvey St
Distance between this listing and this school14.83 miles
Public District Grades PK-5
4
/10
Babbitt Elementary School
30 South Dr
Distance between this listing and this school26.65 miles
Public District Grades PK-6
Nearby Schools
4
/10
Memorial Middle School
600 E Harvey St
Distance between this listing and this school14.83 miles
Public District Grades 6-8
Assigned Schools
6
/10
Northeast Range Secondary School
30 South Dr
Distance between this listing and this school26.65 miles
Public District Grades 7-12
Nearby Schools
7
/10
Memorial High School
600 E Harvey St
Distance between this listing and this school14.83 miles
The neighbors living near this home have an average income of $67,298. Typical income of Ely, MN residents is 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 3012 Echo Trl
What is the listing price of this property?
The listing price of 3012 Echo Trl property is $95,000.
What type of property is this?
The property 3012 Echo Trl is land located in Ely, Minnesota, 55731.
Is this property for sale now?
Active Listing: 3012 Echo Trl is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 3012 Echo Trl are: Tower-Soudan Elementary School: GreatSchools Rating 2/10Northeast Range Secondary School: GreatSchools Rating 6/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 3012 Echo Trl in Ely, MN and zip code 55731. This home sits on a 0.27 acre lot. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $95,000.
Ely, MN housing market in April 2024 saw over 5 listings sold above listed price, more than 0 sold at listed price and over 6 sold below. 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.
Hunting
Hunting
NASCAR
Figure Skating
Dillards
Bass Pro Shops
Dollar General
Cracker Barrel
Hardee's
Applebees
Cadillac
GMC
Ram
News/Talk/Information
Classic Country
Oldies