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2234 Balsam Rd Ely, MN 55731
$320,000
CLOSEDBeds
2
Baths
1
Sqft
576
Acres
1.66
Year
1991
Close Date
May 11, 2023
Property Type
Residential
Sub Type
Single Family
Per Square Foot
$556
Date Listed
Apr 14, 2022
Description of 2234 Balsam Rd, Ely, MN 55731
Listing details for 2234 Balsam Rd, Ely, MN 55731 : Furnished Yr Rnd Knotty Pine Cabin, Set On 1.7 Acres Adjoining Hundreds of Acres of Public Lands & 205 Ft Sandy Swimming Shoreline, Wolf Lake. Easy access to Mesabi Bike Trail. Just 10 Mi SW Of Ely—shorter commute from the south as this is on the way to Ely. Wolf is a 145 acre lake , 28 ft deep, stocked w/walleye & offering excellent walleye & bass fishing. Updated & well maintained, built 1991, 576 SF 2B/1 NEW BTH yr rnd main cabin plus 1BR summer guest cabin connected by deck. Kitchen w/L open to vaulted livingrm w/fireplace front wood stove, propane wall heater & glass door to lakeside screen porch. Gentle steps to level lakefront firepit area & dock. Timber frame woodshed/patio. Compliant septic. Dock. Vintage sauna guest cabin currently used for storage. Includes 1976 14 ft Sylvan boat, Yamaha 8HP motor & Sport by Spartan trailer & Old Town kayak!
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Listing Updated : 08-24-2026 at 4:37 PM CDT
Property Details
Property Overview
Listing Price
$324,500
MLS #ID
6179691
Close Price
$320,000
Close Date
May 11, 2023
Bedrooms
2
Bathrooms
1
Square Footage
576
Acres
1.66
Year
1991
Days on Site
73 Days
Property Type
Residential
Property Sub Type
Single Family
Price per Sq Ft
$556
Date Listed
Apr 14, 2022
Location
Schools
School District
Home Specification
Bedrooms
2
Total Square Feet
576
Above Grade Square Feet
576
Construction / Architecture
Year Built
1991
Roof
Asphalt
New Construction
No
Price per Sq Ft
$556
Lot Features
Tree Coverage - Heavy
Lot Size (Acres)
1.66
Lot Dimensions
356x205
Interior Details
Appliances
Range and Refrigerator
Fireplace
Yes
Fireplace Count
1
Fireplace Features
Free Standing, Living Room and Wood Burning
Heating
Other
Cooling
Window Unit(s)
Exterior Details
Garage
No
Parking Features
Gravel
Exterior Features
Wood
Fencing
None
Water Source
Lake Water
Sewer
Private Sewer
Taxes, HOA & Financing
Annual Property Tax
$2,557.00
HOA Fee Includes
None
Room Details
| Room Type | Level | Dimensions |
|---|---|---|
| Dining Room | Main | 14x11 |
| Bedroom | Main | 9.5x9 |
| Kitchen | Main | 14x11 |
| Living Room | Main | 14x13 |
| Bedroom 2 | Main | 9.5x9 |
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6179691
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $247K – $412K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $247K – $412K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
Property History
DateEventPrice
5/11/2023
Sold
$320,000
$556/sqft
Source:NorthstarMLS #NST6179691
NorthstarMLS #NST6179691 4/14/2022
Listed for sale
—
Source:NorthstarMLS #NST6179691
NorthstarMLS #NST6179691 2/5/2021
Sold
$280,287
$487/sqft
Source:NorthstarMLS #NST5685616
NorthstarMLS #NST5685616 11/12/2020
Listed for sale
—
Source:NorthstarMLS #NST5685616
NorthstarMLS #NST5685616Location of 2234 Balsam Rd, Ely, MN 55731
Streetview of 2234 Balsam Rd, Ely, MN 55731
Mortgage Calculator
Schools Near 2234 Balsam Rd, Ely, MN 55731
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $247K – $412K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
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Based on information submitted to the MLS GRID as of 2026-08-24. 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. Some IDX listings have been excluded from this website.
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