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!
Sold for $320,000 on 05/11/23
$320,000
2234 Balsam Ln, Ely, MN 55731
2beds
576sqft
Single Family Residence
Built in 1991
1.7 Acres Lot
$356,500 Zestimate®
$556/sqft
$1,218 Estimated rent
Home value
$356,500
$324,000 - $389,000
$1,218/mo
Zestimate® history
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What's special
Zillow last checked: 10 hours ago
Listing updated: September 08, 2025 at 04:11pm
Listed by:
Lisa Janisch 218-780-6644,
Janisch Realty Inc.
Bought with:
Jeff Hway, MN 20328116
Bear Island Realty LLC
Source: Lake Superior Area Realtors,MLS#: 6102194
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 85.5 Square Feet
- Dimensions: 9 x 9.5
Bedroom
- Level: Main
- Area: 85.5 Square Feet
- Dimensions: 9 x 9.5
Dining room
- Level: Main
Kitchen
- Level: Main
- Area: 154 Square Feet
- Dimensions: 11 x 14
Living room
- Level: Main
- Area: 182 Square Feet
- Dimensions: 13 x 14
Heating
- Wall Unit(s), Propane
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater-Gas, Range, Refrigerator
Features
- Ceiling Fan(s), Natural Woodwork, Vaulted Ceiling(s)
- Basement: N/A
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 576 sqft
- Finished area above ground: 576
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, None
Features
- Patio & porch: Deck
- Exterior features: Dock, Rain Gutters
- Has view: Yes
- View description: Inland Lake, Panoramic
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Rocky, Sand)
- Body of water: Wolf
- Frontage length: 205
Lot
- Size: 1.70 Acres
- Dimensions: 356 x 205
- Features: Many Trees, Rolling Slope
- Residential vegetation: Heavily Wooded
Details
- Additional structures: Storage Shed, Bunkhouse, Other
- Foundation area: 576
- Parcel number: 465036500070
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Wood, Frame/Wood
- Foundation: Wood
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1991
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer
- Water: Private
Community & neighborhood
Location
- Region: Ely
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2023 | Sold | $320,000-1.4%$556/sqft |
Source:  Lake Superior Area Realtors #6102194 | ||
| 4/4/2023 | Pending sale | $324,500$563/sqft |
Source: Lake Superior Area Realtors #6102194 | ||
| 4/4/2023 | Contingent | $324,500$563/sqft |
Source: Range AOR #143093 | ||
| 11/3/2022 | Listed for sale | $324,500$563/sqft |
Source: Lake Superior Area Realtors #6102194 | ||
| 10/26/2022 | Pending sale | $324,500$563/sqft |
Source: Lake Superior Area Realtors #6102194 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 8.1 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 8.1 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 8.1 mi
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