540 Loop Rd

3,160 Sq. Ft.
$225 / Sq. Ft.
3,160
Sq. Ft.
$225
per Sq. Ft.

Description

Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping...Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping views make the space feel tucked-away and inspiring an artist’s nook or simply reading a book while the pines sway outside your window. The walk-out level is its own retreat, featuring the Primary Suite, a utility/laundry room, and a rec room made for hosting. Private woods take you to the 220 ft of shoreline. Incredible view from the custom built 100 ft perm newer dock, complete with benches and a kayak step, makes slipping into the lake a breeze Best of all the BWCA is just a paddle away.

Property Details for 540 Loop Road

Architectural Style
Traditional
View
Inland Lake
Waterfront Features
Inland Lake
Waterfront YN
Yes
LISTING UPDATED: 02/06/2026 07:05 PM

Property Details for 540 Loop Road

StatusSold
MLS #6123162
Days on Compass7
Taxes$2,615 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Detached
Year Built2007
Lot Size2.60 AC / 113,256 SF
CountyLake County

Location

Listing Courtesy of Z' Up North Realty

Sold By Ely Realty

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Building Information for 540 Loop Road

Stories1Year Built2007Building Size-Lot Size2.60 AC / 113,256 SF

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OriginPoint Mortgage or Rocket Mortgage1

$3,793 per month

30 year fixed, 6.46% Interest

Principal and Interest

$3,575

Property Taxes

$218

HOA Dues

$0

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Property Information for 540 Loop Road

Summary
Location and General Information
  • Directions: Hwy 169 N to Kawishiiwi Trail, Right to Bay Road, Left to Loop Road, right to fire number
  • Latitude: 48
  • Longitude: -92
  • DNR Lake Id Number: 38078200
  • Range: 11
  • Road Between Waterfront And Home: No
  • Waterfront Access: Private
  • Waterfrontage Feet: 220
  • MLSArea Major: LSAR
  • Township: Fall Lake Twp
  • Zoning Description: Residential
Parking
  • Garage Spaces: 2.0
  • Garage Dimensions: 24 x 26
  • Garage Type: Detached
School Information
  • High School District: Ely #696
Taxes and HOA
  • Association YN: No
  • Taxes With Assessments: 2700
  • Twp Number: 63
  • Parcel Number: 28631133337
  • Tax Annual Amount: $2,615.00
  • Tax Legal Description: Legal to Govern Sec 33 T 63N RllW
  • Tax Year: 2025
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 1580.0
  • Below Grade Finished Area: 1580.0
  • Living Area: 3160.0
  • Lot Size Acres: 2.6
  • Lot Size Dimensions: 225.00 x 475.00
  • Basement Square Feet: ***
  • Construction Type: Frame/Wood
  • Foundation Dimensions: 28 x 30
Property and Assessments
  • Development Status: Previously Owned
  • Assessment Balance: 85
  • Land Access: ***
  • New Construction YN: No
  • Possession: Close Escrow
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Public Survey Section: 33
  • Year Built: 2007
Utilities
  • Sewer: Private Sewer
  • Water Body Name: Farm
  • Water Source: Drilled
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Construction Materials: Log
  • Exterior Features: Deck, Porch
  • Foundation Details: Concrete
  • Roof: Asphalt Shingle
  • Stories Total: 1
Interior Features
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Full
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 1
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3
  • Cooling: Window Unit(s)
  • Fireplace Features: Wood Burning
  • Fireplaces Total: 1
  • Fireplace YN: Yes
  • Heating: Wood, Electric
  • Basement Features: Finished,Walkout,Bath,Bedrooms,Family/Rec Room,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
  • Bath Description: Full Main Floor
  • Extra Rooms: Family/Rec,Utility Room
  • Main Floor Bedroom: 1
  • Mechanicals: Water Heater-Electric
Room Information
Room 1
  • RoomLength: 13.0
  • RoomLevel: Lower
  • RoomType: Family Room
  • RoomWidth: 23.0
Room 2
  • RoomLength: 16.0
  • RoomLevel: Main
  • RoomType: Bedroom
  • RoomWidth: 122.0
Room 3
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Kitchen
  • RoomWidth: 13.0
Room 4
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Living Room
  • RoomWidth: 11.0
Room 5
  • RoomLength: 10.0
  • RoomLevel: Upper
  • RoomType: Loft
  • RoomWidth: 10.0
Room 6
  • RoomLength: 10.0
  • RoomLevel: Main
  • RoomType: Bedroom 2
  • RoomWidth: 16.0
Room 7
  • RoomLength: 12.0
  • RoomLevel: Lower
  • RoomType: Bedroom 3
  • RoomWidth: 11.0
Room 8
  • RoomLength: 29.0
  • RoomLevel: Lower
  • RoomType: Utility Room
  • RoomWidth: 27.0
Agent
Agent Information
  • Listing Agent Primary Office: ***
Sale and Listing
  • Auction: No
  • Auction End Date: ***
  • LVTDate: 2025-12-15
  • Management Company: ***
  • Management Company Phone Email: ***
  • Power Company: City Of Ely
  • Transaction Type: For Sale
Rental
Rent Information
  • Leased Land: Owned
  • Lender Owned: No

Property History for 540 Loop Road

DateEvent & SourcePriceAppreciation
Feb 7, 2026

Sold

NorthStar #7000151

Feb 7, 2026

Pending

NorthStar #7000151

Feb 6, 2026

Sold

NorthStar #7000151

$710,000
Feb 6, 2026

Sold

Lake Superior Area REALTORS #6123162

$710,000
Dec 23, 2025

In Contract

NorthStar #7000151

Dec 22, 2025

Pending

Lake Superior Area REALTORS #6123162

Dec 16, 2025

Price Change

NorthStar #7000151

$719,900
Dec 16, 2025

Listed (Active)

NorthStar #7000151

Dec 15, 2025

Listed (Active)

Lake Superior Area REALTORS #6123162

$719,900
Feb 4, 2021

Sold

Lake Superior Area REALTORS #6094388

$335,000
Jan 30, 2021

Sold (Public Record)

Public Record #1450755267

$335,000
Dec 21, 2020

Pending

Lake Superior Area REALTORS #6094388

Dec 15, 2020

Listed (Active)

Lake Superior Area REALTORS #6094388

$335,000
Jul 3, 2013

Sold

Lake Superior Area REALTORS #2003515

$240,000
May 28, 2013

Pending

Lake Superior Area REALTORS #2003515

Feb 15, 2013

Listed (Active)

Lake Superior Area REALTORS #2003515

$250,000
Jan 30, 2013

Off Market

Lake Superior Area REALTORS #1973417

$250,000
Oct 16, 2012

Listed (Active)

Lake Superior Area REALTORS #1973417

$250,000
DateEvent & SourcePrice
02/07/2026

Sold

NorthStar #7000151

02/07/2026

Pending

NorthStar #7000151

02/06/2026

Sold

NorthStar #7000151

$710,000
02/06/2026

Sold

Lake Superior Area REALTORS #6123162

$710,000
12/23/2025

In Contract

NorthStar #7000151

12/22/2025

Pending

Lake Superior Area REALTORS #6123162

12/16/2025

Price Change

NorthStar #7000151

$719,900
12/16/2025

Listed (Active)

NorthStar #7000151

12/15/2025

Listed (Active)

Lake Superior Area REALTORS #6123162

$719,900
02/04/2021

Sold

Lake Superior Area REALTORS #6094388

$335,000
01/30/2021

Sold (Public Record)

Public Record #1450755267

$335,000
12/21/2020

Pending

Lake Superior Area REALTORS #6094388

12/15/2020

Listed (Active)

Lake Superior Area REALTORS #6094388

$335,000
07/03/2013

Sold

Lake Superior Area REALTORS #2003515

$240,000
05/28/2013

Pending

Lake Superior Area REALTORS #2003515

02/15/2013

Listed (Active)

Lake Superior Area REALTORS #2003515

$250,000
01/30/2013

Off Market

Lake Superior Area REALTORS #1973417

$250,000
10/16/2012

Listed (Active)

Lake Superior Area REALTORS #1973417

$250,000

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

Public Records for 540 Loop Road

Taxable ValueLand$144,000Additions$339,000Total$483,000
Tax Record2025$2,700 ($225 / month)
Home Facts
Beds2Total Finished SqFt816 SqFtAbove Grade Finished SqFt816 SqFtStories2Lot Size114,127 SqFtStyleSingle Family ResidenceYear Built2005CountyLAKEAPN28-6311-33337Fireplace TypeHas Fireplace

Schools near 540 Loop Road

This home is within Lake Superior Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 12
Rating
School
Distance
William Kelley Elementary School
PublicPK to 5

Kelley Secondary
Public6 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. 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 02/06/2026 07:05 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.