Outstanding timber frame cabin on over 5 acres suited for yearly use. Immaculate western sunset views from the living room windows, deck and patio areas. Cozy and inviting wood work on walls and floors with open floor plan. Enjoy the time with the warm glistening of the fireplace or on the wrap around deck in the serenity of nature with Wolf Lake views. The loft provides a private space with a personal balcony and room for a queen size bed. The lower level walk-out features a bedroom, 3/4 bathroom and recreation room. Walk out to the boastful views of the trees and lake. The oversized garage has plenty of space for boats, snowmobiles, and side-by-sides. It has an outstanding feature of an additional finished space for entertaining guests or as a private bedroom with bathroom. Making your finishing touches in the upper level loft with private entry for stairs and deck on the lakeside. Centrally located to Ely, Burntside Lake & Lake Vermilion.
Sold for $337,000 on 04/11/23
Street View
$337,000
3020 Wolf Lake Rd, Ely, MN 55731
3beds
2,078sqft
Single Family Residence
Built in 2003
5.2 Acres Lot
$395,300 Zestimate®
$162/sqft
$2,641 Estimated rent
Home value
$395,300
$376,000 - $419,000
$2,641/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 08, 2025 at 04:12pm
Listed by:
Linda Forsman 612-500-3500,
Coldwell Banker Realty - Wayzata
Bought with:
Patricia Bulinski, MN 20274047
Bear Island Realty LLC
Source: Lake Superior Area Realtors,MLS#: 6105466
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Lower
- Area: 108 Square Feet
- Dimensions: 9 x 12
Bathroom
- Level: Main
- Area: 40 Square Feet
- Dimensions: 5 x 8
Bathroom
- Level: Lower
- Area: 40 Square Feet
- Dimensions: 5 x 8
Dining room
- Level: Main
- Area: 90 Square Feet
- Dimensions: 9 x 10
Kitchen
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10 x 10
Living room
- Level: Main
- Area: 100 Square Feet
- Dimensions: 10 x 10
Loft
- Level: Upper
- Area: 130 Square Feet
- Dimensions: 10 x 13
Media room
- Level: Lower
- Area: 96 Square Feet
- Dimensions: 8 x 12
Office
- Level: Main
- Area: 108 Square Feet
- Dimensions: 9 x 12
Rec room
- Level: Lower
- Area: 300 Square Feet
- Dimensions: 12 x 25
Utility room
- Level: Lower
- Area: 64 Square Feet
- Dimensions: 8 x 8
Heating
- Fireplace(s), In Floor Heat, Propane
Cooling
- None
Appliances
- Included: Dryer, Exhaust Fan, Range, Refrigerator, Washer
Features
- Ceiling Fan(s), Natural Woodwork, Vaulted Ceiling(s), Beamed Ceilings
- Flooring: Hardwood Floors, Tiled Floors
- Doors: Patio Door
- Windows: Skylight(s), Energy Windows, Wood Frames
- Basement: Full,Walkout,Bath,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total interior livable area: 2,078 sqft
- Finished area above ground: 1,039
- Finished area below ground: 1,039
Property
Parking
- Total spaces: 2
- Parking features: Gravel, Detached, Attic, Bathroom, Bedroom
- Garage spaces: 2
Features
- Patio & porch: Deck, Patio
- Exterior features: Rain Gutters
- Has view: Yes
- View description: Bay, Inland Lake, Panoramic
- Has water view: Yes
- Water view: Bay,Lake
Lot
- Size: 5.20 Acres
- Dimensions: 137 x 165 x 688 x 482 x 650
- Features: Many Trees, High, Level, Rolling Slope
- Residential vegetation: Heavily Wooded
Details
- Additional structures: Storage Shed
- Foundation area: 672
- Parcel number: 465003000633
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Rustic
- Property subtype: Single Family Residence
Materials
- Wood, Concrete Block, Timber/Post & Beam
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 2003
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Drain Field, Private Sewer
- Water: Private
- Utilities for property: DSL
Community & neighborhood
Location
- Region: Ely
Other
Other facts
- Listing terms: Cash,Contract,Conventional,FHA
- Road surface type: Paved, Unimproved
Price history
| Date | Event | Price |
|---|---|---|
| 4/14/2024 | Listing removed | $349,000+3.6%$168/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6253155 | ||
| 4/11/2023 | Sold | $337,000-3.4%$162/sqft |
Source:  Lake Superior Area Realtors #6105466 | ||
| 2/27/2023 | Pending sale | $349,000$168/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6253155 | ||
| 2/17/2023 | Contingent | $349,000$168/sqft |
Source: Lake Superior Area Realtors #6105466 | ||
| 11/10/2022 | Price change | $349,000-1.7%$168/sqft |
Source: Lake Superior Area Realtors #6105466 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,482 -25.5% | $356,700 +20.2% |
| 2023 | $3,330 +4.3% | $296,800 +14.2% |
| 2022 | $3,194 +32% | $260,000 +15.2% |
Find assessor info on the county website
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 7.1 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 7 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 7 mi
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