$8,894 Closing Credit¹
#6118443, Darcie Rae Novak, Listing office: My Place Realty, Inc.
$359,000 List price
7424 Ely Lake Dr Fayal Twp, MN 55734
$4,263
Closing credit¹
4 beds
2 full
2,452 sqft
$146 / sqft
House
Property details
About 7424 Ely Lake Dr
This newly remodeled home sits on 7 acres in the desirable Fayal Township! The front yard offers views of Beautiful Ely Lake, while the privacy of a large back deck allows you to entertain and enjoy a spacious back yard. The 4 bed, 1.75 bath has a variety of updates including flooring, carpet and appliances as well as a natural gas fireplace and water filtration system. Enjoy a drink in the updated bar room while watching your favorite sports team! New siding in 2024 on the house and 3 stall garage. New steel garage roof in 2025 and lots of garage space for vehicles and toys as well as 2 large storage units for extras. Everything you are looking for to have country living close to town!
Highlights
Home typeSingle Family Residence
HeatingBaseboard, Fireplace(s)
StatusActive
CoolingWindow Unit(s)
Size2,452 sqft
BasementYes
Year built1982
ParkingDetached
MLS #6717895
Garage3 spaces
Summary
- Full Bathrooms: 2
- Basement: Yes
- Total Bedroom Count: 4
- Garage Space: 3 spaces
- Attached Garage: No
- Parking: Detached
- Heating: Baseboard, Fireplace(s)
- Cooling: Window Unit(s)
- List Price: $359,000
- Price/SqFt: $146
- HOA Amount: $0
- Directions: Turn on to Miller Trunk Highway off of Highway 53. Turn at the Ely Lake gas station onto Ely Lake drive and continue to 7424.
- Year Built: 1982
- Living Area: 2,452 SqFt
- MLS Number: 6717895
- MLS Name: NORTHSTAR
- Office Name: Beycome Brokerage Realty LLC
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$359,000
7424 Ely Lake Dr
$4,263
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
4
North Star Elementary School
Public District 3-6
6.1 mi
•411 S 5th Ave
8
Merritt Elementary School
Public District PK-6
7.7 mi
•8659 Unity Dr
4
Cherry Elementary School
Public District PK-6
11.5 mi
•3943 Tamminen Rd
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 $61,648. Most Fayal Twp, MN residents have annual incomes between $35k-100k. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
27%
<35k
56%
35k-100k
15%
100k-200k
2%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
30%
Single, No Kids
6%
Single, with Kids
44%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
9%
12-17 yrs old
12%
18-34 yrs old
57%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Academy Sports & Outdoors
Bass Pro Shops
Wal-Mart
Where do the neighbors go to eat?
Jimmy Johns
Hardee's
Applebees
What do the neighbors drive?
Chevrolet
GMC
Ram
What do the neighbors listen to?
New Country
Classic Country
Oldies
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7424 Ely Lake Dr
The listing price of 7424 Ely Lake Dr property is $359,000.
The property 7424 Ely Lake Dr is a house located in Fayal Twp, Minnesota, 55734.
Active Listing: 7424 Ely Lake Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7424 Ely Lake Dr are: North Star Elementary School (GreatSchools Rating 4/10), Merritt Elementary School (GreatSchools Rating 8/10), Cherry Elementary School (GreatSchools Rating 4/10), Chisholm Elementary School (GreatSchools Rating 4/10), Eveleth-Gilbert Senior High School (GreatSchools Rating 5/10), East Range Academy of Tech-Science (GreatSchools Rating 2/10), Rock Ridge High School (GreatSchools Rating 5/10).
The property at 7424 Ely Lake Dr has 4 bedrooms and 2 bathrooms.
The property 7424 Ely Lake Dr is 2,452 SqFt (source: MLS/tax record).
The year of construction for 7424 Ely Lake Dr is 1982.
This home is located at 7424 Ely Lake Dr in Fayal Twp, MN and zip code 55741. This 2,452 square foot home was built in 1982. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 8, 2025 and is currently priced at $359,000.
Over 0 listings were sold over their listed price in May 2025 in Fayal Twp, MN. In the same period over 0 listings were sold below the listed price and 4 listings were sold for the listed price. Between April and May 2025, Fayal Twp, MN real estate market has seen increase in the number of listings by 4.8%. While the average time on the market in May 2025 was 25 days, the median list price was $182,410.
From Rocket Homes Real Estate and based on county public records data.