$2,755 Closing Credit¹
#6119179, Janet Erchul, Listing Office: Ely Realty
$232,000 List price
4994 Big Lake Rd Ely, MN 55731
$2,755
Closing credit¹
2 beds
1 bath
400 sqft
0.2 acres
$580 / sqft
House
Property details
About 4994 Big Lake Rd
Cabin in the wilderness on Big Lake in Ely. Big Lake Wilderness Retreat CIC. Investment Opportunity. This 2 bedroom, 1 bath cabin features an open living, kitchen and dining area with 2 adjacent bedrooms and a ¾ bath. Deck overlooking the lake. Big Lake is a recreational development lake, 1900 acres with a maximum depth of 22 ft. Excellent fishing. For your private use and enjoyment and also allows for rentals. Rentals managed by an on-site well established management company. General maintenance taken care of as part of the income split. Includes a newer pontoon boat for you and renters to use. The cabin is completely furnished and well cared for.
Highlights
Home typeSingle Family Residence
HeatingWall Furnace, Propane
StatusActive
(ACTIVE)
(ACTIVE)
Size400 sqft
Lot size0.18 Acres
Year built1950
MLS #6119161
WaterfrontLake
ViewLake, Panoramic
Summary
- Appliances: Microwave, Range, Refrigerator
- Interior: Natural Woodwork, Panelled Walls
- Total Bedroom Count: 2
- Attached Garage: No
- Parking: None
- Waterfront: Lake
- View: Lake, Panoramic
- Exterior: Deck
- Architectural Style: Rustic Cabin
- Heating: Wall Furnace, Propane
- Cooling: None
- List Price: $232,000
- Price/SqFt: $580
- HOA Amount: $3000 Annually
- Annual Tax Amount: $1,062
- Tax Year: 2022
- Lot: Accessible Shoreline, Some Trees
- Directions: East from Ely on 169, 1 mile turn left on CO Rd 88, follow to Echo Trail. Follow about 18 miles to Big Lake Lodge.
- Year Built: 1950
- Stories: 1
- Living Area: 400 SqFt
- Lot Size: 0.18 Acres
- MLS Number: 6119161
- Office Name: Ely Realty
- Listing Agent: Janet Erchul
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. ©2025 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: 5/22/2025, 4:20:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$232,000
4994 Big Lake Rd
$2,755
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 04, 2022 | Home Sold | $400,000 |
| Nov 30, 2007 | Home Sold | $310,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2022 | $81,000 | $1,062 |
| 2021 | $81,000 | $882 |
| 2020 | $82,200 | $1,140 |
| 2019 | $82,200 | $1,142 |
| 2017 | $82,200 | $1,150 |
History based on county public records data.
Nearby schools
7
Washington Elementary School
Public District PK-5
14.5 mi
•600 E Harvey St
2
Tower-Soudan Elementary School
Public District PK-6
22.8 mi
•415 2nd St N
4
Babbit Elementary School
Public District PK-6
26.2 mi
•30 South Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $67,298. The majority of Ely, MN residents have income between $35k-100k annually. Most families are married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
22%
<35k
51%
35k-100k
24%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
35%
Single, No Kids
8%
Single, with Kids
48%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
7%
12-17 yrs old
10%
18-34 yrs old
48%
35-64 yrs old
25%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dillards
Bass Pro Shops
Dollar General
Where do the neighbors go to eat?
Cracker Barrel
Hardee's
Applebees
What do the neighbors drive?
Cadillac
GMC
Ram
What do the neighbors listen to?
News/Talk/Information
Classic Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 4994 Big Lake Rd
The listing price of 4994 Big Lake Rd property is $232,000.
The property 4994 Big Lake Rd is a house located in Ely, Minnesota, 55731.
Active Listing: 4994 Big Lake Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 4994 Big Lake Rd are: Washington Elementary School (GreatSchools Rating 7/10), Tower-Soudan Elementary School (GreatSchools Rating 2/10), Babbit Elementary School (GreatSchools Rating 4/10), Memorial Middle School (GreatSchools Rating 4/10), Memorial High School (GreatSchools Rating 8/10), Northeast Range Secondary School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2022 is $1,062 (source: MLS/based on county public records data).
The last sale was on April 4, 2022 for $400,000 (source: MLS/tax record).
The property at 4994 Big Lake Rd has 2 bedrooms and 1 bathroom.
The property 4994 Big Lake Rd is 400 SqFt (source: MLS/tax record).
The year of construction for 4994 Big Lake Rd is 1950.
This home is located at 4994 Big Lake Rd in Ely, MN and zip code 55731. This 400 square foot home, which was built in 1950, sits on a 0.18 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 8, 2025 and is currently priced at $232,000.
While more than 2 listings in Ely, MN in April 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 6 were sold below. The inventory of homes for sale in Ely, MN between March and April 2025 increased by 3.8%. In April 2025 median list price was $237,000 and the average listing age was 48 days.
From Rocket Homes Real Estate and based on county public records data.