This year-round home/cabin boost phenomenal lake views of Bear Island Lake. Many updates have taken place with a beautiful updated kitchen, center island, new flooring and appliances. Expansive deck off the living area to enjoy the summer breeze. Bear Island Lake offers such a beautiful setting with over 22 islands, 22+/- acres and much undeveloped property to enjoy all your outdoor recreational activities. Boating, kayak, canoe, swimming, fishing to name a few along with winter snowshoeing, skiing, ice fishing and more. Updates have also been done with the bathrooms and comfortable family area in the walk out lower level that brings you out to the water’s edge. Single stall garage with added work shop and plenty of storage. The sauna is waiting for you and close to the dock for a plunge into the lake.
Sold for $500,000 on 06/17/24
$500,000
2528 Verbick Rd, Ely, MN 55731
2beds
1,680sqft
Single Family Residence
Built in 1979
1 Acres Lot
$547,500 Zestimate®
$298/sqft
$2,063 Estimated rent
Home value
$547,500
$471,000 - $635,000
$2,063/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 08, 2025 at 04:22pm
Listed by:
Lori Schulze 218-343-1787,
Keller Williams Classic Realty NW - Ely
Bought with:
Nonmember NONMEMBER
Nonmember Office
Source: Lake Superior Area Realtors,MLS#: 6113543
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- 3/4 bathrooms: 1
- 1/2 bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10 x 13
Bedroom
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10 x 13
Bonus room
- Level: Lower
- Area: 130 Square Feet
- Dimensions: 10 x 13
Dining room
- Description: Open with Living Room and Kitchen
- Level: Main
Great room
- Level: Lower
Kitchen
- Level: Main
- Area: 182 Square Feet
- Dimensions: 14 x 13
Laundry
- Level: Lower
Living room
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16 x 14
Heating
- Baseboard, Hot Water, Propane
Appliances
- Included: Water Heater-Electric, Dishwasher, Dryer, Range, Refrigerator, Washer
- Laundry: Dryer Hook-Ups, Washer Hookup
Features
- Ceiling Fan(s), Eat In Kitchen, Kitchen Island, Center Hall Foyer
- Doors: Patio Door
- Basement: Full,Finished,Walkout,Bath,Family/Rec Room,Washer Hook-Ups,Dryer Hook-Ups
- Has fireplace: No
Interior area
- Total interior livable area: 1,680 sqft
- Finished area above ground: 840
- Finished area below ground: 840
Property
Parking
- Total spaces: 1
- Parking features: Gravel, Off Street, Detached, Electrical Service
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Exterior features: Balcony, Dock
- Has view: Yes
- View description: Inland Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel, Sand, Shore-Accessible)
- Body of water: Bear Island
- Frontage length: 100
Lot
- Size: 1 Acres
- Dimensions: 375 x 100
- Features: Accessible Shoreline, Many Trees
- Residential vegetation: Heavily Wooded
Details
- Additional structures: Sauna, Storage Shed
- Foundation area: 840
- Parcel number: 62502500130
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1979
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Private Sewer
- Water: Drilled
Community & neighborhood
Location
- Region: Ely
Price history
| Date | Event | Price |
|---|---|---|
| 6/17/2024 | Sold | $500,000-4.8%$298/sqft |
Source:  Lake Superior Area Realtors #6113543 | ||
| 6/5/2024 | Pending sale | $525,000$313/sqft |
Source: Lake Superior Area Realtors #6113543 | ||
| 5/15/2024 | Contingent | $525,000$313/sqft |
Source: Lake Superior Area Realtors #6113543 | ||
| 5/10/2024 | Listed for sale | $525,000+156.1%$313/sqft |
Source: Lake Superior Area Realtors #6113543 | ||
| 11/21/2017 | Sold | $205,000-10.8%$122/sqft |
Source: Lake Superior Area Realtors #6023782 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,954 +40% | $343,200 +24.4% |
| 2023 | $2,110 -1.2% | $275,800 +12.8% |
| 2022 | $2,136 +18.5% | $244,600 +7.1% |
Find assessor info on the county website
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 9.2 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 9.1 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 9.1 mi
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