Sold
Last Sold Price
3 beds1,085 sqft
2365 Reed Rd, Ely, MN 55731
OtherProperty Type
80 acresLot Size
1950Year Built
$1,014/sq ftPrice per sq ft

Description

Burntside Lake Estate property with 80 acres of land and 340 feet of shoreline. Conservation Easements with Minnesota Land Trust. Original log cabin built in the 1950's, 1085 square feet. Three room guest cabin. Wet boathouse with a surrounding dock. Mature tree cover.Burntside Lake Estate property with 80 acres of land and 340 feet of shoreline. Conservation Easements with Minnesota Land Trust. Original log cabin built in the 1950's, 1085 square feet. Three room guest cabin. Wet boathouse with a surrounding dock. Mature tree cover.
  • Listed by: Janet Erchul 218.365.2100 Jan@Elyrealtymn.com • Z' Up North Realty
Listing closed: 07/15/2022 12:00 AM • Source: Lake Superior Area REALTORS as distributed by MLS GRID, MLS#: 6106079

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Recent comparable sales

Median sold price

$300,000

Avg days on market

49

Sale-to-list ratio

100.4%

Ely, MN

9 comparable properties found

$850,000 | 3003 Burntside Ridge Trail, Ely, MN 55731
1/86
1

$850,000

Sold 09/25/26

3
Bedrooms
1,560
Square Feet
1
Acres
$614,000 | 1984 Grant McMahan Boulevard, Ely, MN 55731
2

$614,000

Sold 08/29/25

3
Bedrooms
912
Square Feet
5
Acres
$614,000 | 1984 Grant McMahan Boulevard, Unit 1984, Ely, MN 55731
1/50
3

$614,000

Sold 08/29/25

3
Bedrooms
912
Square Feet
5
Acres
$275,000 | 2168 Passi Road, Ely, MN 55731
1/20
4

$275,000

Sold 05/16/25

2
Bedrooms
1,064
Square Feet
1.2
Acres
$705,000 | 3488 North Arm Road, Ely, MN 55731
1/46
5

$705,000

Sold 10/18/24

3
Bedrooms
986
Square Feet
9
Acres
6

$160,000

Sold 11/12/24

2
Bedrooms
Unavailable
Bathrooms
1,008
Square Feet
9.9
Acres
7

$300,000

Sold 06/01/26

3
Bedrooms
0.75
Bathrooms
1,172
Square Feet
6
Acres
$194,000 | 232 West Sheridan Street, Ely, MN 55731
1/51
8

$194,000

Sold 10/06/25

3
Bedrooms
963
Square Feet
0.22
Acres
9

$169,500

Sold 01/09/25

3
Bedrooms
1
Bathrooms
1,360
Square Feet
3.06
Acres

Location

Listing Courtesy of Z' Up North Realty

Sold By Z' Up North Realty

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Property Information for 2365 Reed Road

Property Details
  • Taxes: $6,929 / year
  • MLS Type: Residential / Seasonal
  • Architectural Style: Rustic
  • View: Inland Lake, Panoramic
  • Waterfront Features: Inland Lake
  • Waterfront YN: Yes
Building Information
  • Stories: 1
  • Year Built: 1950
  • Lot Size: 80.00 AC / 3,484,800 SF
Summary
Location and General Information
  • Directions: Hwy 169 west from Ely to Co Rd 88. Follow to Burntside Ridge Rd, left turn. Follow Burntside Ridge Rd to Reed Rd on the left, then to Fire #2365.
  • Latitude: 48
  • Longitude: -92
  • Road Between Waterfront And Home: No
  • Shoreline Characteristics: Rocky,Sand,Shore-Accessible
  • Waterfront Access: Private
  • Waterfrontage Feet: 340
  • MLSArea Major: LSAR
  • Road Frontage Type: Township
  • Road Responsibility: Association Maintained Road
Parking
  • Garage Spaces: 0.0
  • Garage Type: None
  • Parking Features: Gravel
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 7014
  • Parcel Number: 465-0040-03650
  • Tax Annual Amount: $6,929.00
  • Tax Legal Description: N 1/2 of NE 1/4, EXCEPT the easterly320 feet of NW 1/4 of NE 1/4; AND EXCEPT the NE 1/4 of NE 1/4
  • Tax Year: 2022
Property
Lot Information
  • Above Grade Finished Area: 1085.0
  • Below Grade Finished Area: 0.0
  • Living Area: 1085.0
  • Lot Features: Accessible Shoreline, Many Trees, Rolling Slope, See Remarks
  • Lot Size Acres: 80.0
  • Lot Size Dimensions: 2780 X 1470
  • Basement Square Feet: ***
  • Construction Type: Log Home
  • Foundation Dimensions: 31 X 35
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 85
  • Land Access: ***
  • Property Adjoins Public Land: No
  • Property Sub Type: Seasonal
  • Property Type: Residential
  • Year Built: 1950
Utilities
  • Sewer: Private Sewer
  • Water Body Name: Burntside
  • Water Source: Private
Interior and Exterior Features
Exterior Features
  • Construction Materials: Log
  • Exterior Features: Boat Slip
  • Foundation Details: N/A
  • Roof: Asphalt Shingle
  • Stories Total: 1
Interior Features
  • Appliances: Range, Refrigerator
  • Basement: Crawl Space, None
  • Bathrooms Full: 0
  • Bathrooms Half: 1
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Cooling: None
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Fireplace YN: Yes
  • Heating: Baseboard, Fireplace(s)
  • Basement Features: N/A
  • Bath Description: 1/2 Main Floor
  • Dining Room Type: Combine with Kitchen
  • Main Floor Bedroom: 1
  • Window Features: Wood Frames
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2022-10-22
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: Lake Country Power
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 2365 Reed Road

DateEvent & SourcePriceAppreciation
Jul 15, 2022

Sold

Lake Superior Area REALTORS #6106079

$1,100,000—
Jun 23, 2022

Pending

Lake Superior Area REALTORS #6106079

—
May 1, 2022

Listed (Active)

Lake Superior Area REALTORS #6106079

$1,100,000—
DateEvent & SourcePrice
07/15/2022

Sold

Lake Superior Area REALTORS #6106079

$1,100,000
06/23/2022

Pending

Lake Superior Area REALTORS #6106079

—
05/01/2022

Listed (Active)

Lake Superior Area REALTORS #6106079

$1,100,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2365 Reed Road

Taxable ValueLand$307,200Additions-Total$307,200
Tax Record2026$2,434 ($203 / month)
Home Facts
Lot Size130,680 SqFtStyleAgricultural / RuralZoningRESCountyST. LOUISAPN465-0040-01850

Schools near 2365 Reed Road

This home is within Ely Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Memorial Middle School
Public6 to 8

Memorial Secondary
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2365 Reed Road, Ely, MN 55731
$1,100,000
3
1,085
3,484,800
–
–
–
1,085
1,319,868
–
3
2.25
1,685
133,729
$855,000
3
3
2,716
322,344
–
4
2
1,296
266,587
$100,000
2
1
1,168
121,029

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Z' Up North Realty

Based on information submitted to the MLS GRID as of 09/08/2025 06:13 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.