OFF MARKET

Off Market Jun 2024 for $500K

$527,935

Est. refi paymentEst. refi $3,228/mo

•

1,680

sq ft

2528 Verbick Rd, Ely, MN 55731

About this home

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.

Single-familyProperty Type

1979Year Built

1 acresLot Size

$314Est. Price/Sq.Ft.

1 car garageParking

Listed by Lori Schulze

Contact: ***

Bought with Nonmember NONMEMBER • Nonmember Office

Redfin checked: a minute ago

•Source:LSAR #6113543

Redfin Estimate

$527,935

$28K since sold in June 2024$7,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 115.9% higher than the average sale price ($245K) of 6 comparable homes.

SOLD JUL 29, 2026
$610,000
A
2 beds2 baths— sq ft
1787 N Bay Rd, Ely, MN 55731
SOLD APR 24, 2026
$135,000
B
3 beds1 bath— sq ft
21 Glen Cir, Babbitt, MN 55706
SOLD JUN 22, 2026
$108,000
C
2 beds2 baths— sq ft
50 Beech Ct, Babbitt, MN 55706
SOLD APR 27, 2026
$155,500
D
2 beds2 baths— sq ft
30 Fir Cir, Babbitt, MN 55706
SOLD JUL 27, 2026
$210,000
E
2 beds1 bath1,215 sq ft
13464 Chestnut Dr, Ely, MN 55731
SOLD JUL 29, 2026
$249,000
F
3 beds1.5 baths1,480 sq ft
1419 E Chapman St, Ely, MN 55731

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$2,043/mo

Redfin rental estimate

List your home for rent

Market trends in 55731, MN

Last updated July 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

94.7%

0.3% MoM

Median sale price

$265K

$31K MoM

Avg. days on market

53d

0 days MoM

Recently sold homes

9 MoM

New listings for sale

$749,000
1 bed— baths352 sq ft
2815 Schaeffer Rd, Ely, MN 55731
$799,000
2 beds1 bath988 sq ft
2811 Schaeffer Rd, Ely, MN 55731
$259,000
3 beds1 bath1,064 sq ft
308 S 8th Ave. Ave E, Ely, MN 55731
$684,500
3 beds2 baths1,806 sq ft
214 Cedar Ln, Ely, MN 55731
VIDEO TOUR
$887,900
2 beds1 bath525 sq ft
3530 North Arm Rd, Ely, MN 55731
$117,000
3 beds1 bath918 sq ft
31 E Harvey St, Ely, MN 55731
3D WALKTHROUGH
$395,000
2 beds1 bath955 sq ft
13412 Bear Paw Trl, Ely, MN 55731
3D WALKTHROUGH
$449,000
2 beds2 baths1,389 sq ft
1772 Hwy 120, Ely, MN 55731
3D WALKTHROUGH
$850,000
3 beds2 baths1,904 sq ft
14653 & 14655 Hulstrand Rd, Ely, MN 55731
See all

Provided by Redfin

Sale history for 2528 Verbick Rd

Date

Event

Price

LSAR #6113543

Jun 17, 2024

Sold

$500,000

$298/sq ft

May 7, 2024

Listed

$525,000

$313/sq ft

LSAR #6023782

Nov 21, 2017

Sold

$205,000

$122/sq ft

Jun 30, 2016

Listed

$229,900

$137/sq ft

+19

Phenomenal views are offered from this year round home/cabin. With a perfect mix of Northwoods charm and modern amenities, the home is a great fit for your get-a-way or year-round home. The charming cabin features 2 main floor bedrooms, along with an additional lower level bonus room. The home is partially furnished. Large deck overlooking the water with expansive views. Great shoreline on this scenic lake with lots of public shoreline and islands to explore.

Year

Property tax

Land + Additions

Assessment*

2026

$3,346 (+11.2%)

$149,811 + $212,498

$362,309

2025

$3,010 (+1.9%)

$148,022 + $179,516

$327,538

2024

$2,954 (+40.0%)

$125,500 + $150,300

$275,800

2023

$2,110 (−1.2%)

$107,279 + $122,095

$229,374

2022

$2,136 (+10.2%)

$100,852 + $110,864

$211,716

2021

$1,938 (+7.5%)

$90,337 + $94,238

$184,575

2020

$1,802 (−3.5%)

$90,337 + $94,238

$184,575

2019

$1,868 (−1.5%)

$100,686 + $97,841

$198,527

2018

$1,896 (−32.0%)

$100,686 + $97,841

$198,527

2017

$2,788 (+1.2%)

$106,400 + $116,200

$222,600

2016

$2,756 (+2.0%)

$106,400 + $116,200

$222,600

2014

$2,702 (−2.5%)

$106,400 + $116,200

$222,600

2013

$2,771

$110,900 + $120,900

$231,800

Tax history for 2528 Verbick Rd

Year

Property tax

Land + Additions

Assessment*

2026

$3,346 (+11.2%)

$149,811 + $212,498

$362,309

2025

$3,010 (+1.9%)

$148,022 + $179,516

$327,538

2024

$2,954 (+40.0%)

$125,500 + $150,300

$275,800

2023

$2,110 (−1.2%)

$107,279 + $122,095

$229,374

2022

$2,136 (+10.2%)

$100,852 + $110,864

$211,716

2021

$1,938 (+7.5%)

$90,337 + $94,238

$184,575

2020

$1,802 (−3.5%)

$90,337 + $94,238

$184,575

2019

$1,868 (−1.5%)

$100,686 + $97,841

$198,527

2018

$1,896 (−32.0%)

$100,686 + $97,841

$198,527

2017

$2,788 (+1.2%)

$106,400 + $116,200

$222,600

2016

$2,756 (+2.0%)

$106,400 + $116,200

$222,600

2014

$2,702 (−2.5%)

$106,400 + $116,200

$222,600

2013

$2,771

$110,900 + $120,900

$231,800

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.91 Acres

Year renovated

—

Sq. Ft.

840

Year built

1979

Style

Single Family Residential

County

St. Louis County

APN

625-0025-00130

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 1
Parking Features: Gravel, Off Street, Detached

Interior

Bathroom Information
# of Three Quarter Bathrooms: 1
# of Half Bathrooms: 1

Heating & Cooling
Has Heating
Heating: Baseboard, Hot Water, Propane

Interior Features
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Kitchen Island, Sauna, Master Downstairs
Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer

Room Information
Laundry Features: Washer Hookup
Has Basement
Basement Details: Full, Finished

Exterior

Exterior Features
Exterior Features: Balcony, Dock
Roof: Asphalt, Shingle

Building Information
Above Grade Finished Area: 840
Below Grade Finished Area: 840
# of Stories Total: 1

Property Features
On Waterfront
Waterfront Features: Lake
Has View
Other Structures: Shed(s)

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Detached

Lot Information
Lot Features: Many Trees
Water Body Name: Bear Island
Road Responsibility: Public Maintained Road
Road Frontage Type: County Road
Lot Size Dimensions: 375 x 100
Lot Size Acres: 1

Financial

Tax Information
Tax Annual Amount: $2,869

Utilities

Utility Information
Water Source: Well
Sewer: Private Sewer

Location

Schools Information
High School District: Ely #696

Location Information
Directions: From Ely travel Hwy 21 south to Bear Island River Road, right turn and follow to Verbick Road, take left and follow to property address on your right.

Public facts

Beds: 2
Baths: 2.0
Sq. Ft.: 840
Stories: 1.0
Lot Size: 0.91 acres
Style: Single Family Residential
Year Built: 1979
Year Renovated: —
County: St. Louis County
APN: 625-0025-00130

Home facts updated by county records on Aug 7, 2026

Other

Listing Information
AttributionContact: ***

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 9.2mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 9.1mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 9.1mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

1/10 Heat Factor

7 days above 92° expected this year, 12 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Ely, MN • 55731

Average low and high temperatures (°F)

-5

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.5 hours in June and 2.7 hours in December, placing it below the U.S. average for solar exposure.

8.5 hrs

2.7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

3D WALKTHROUGH

$449,000

2 beds2 baths1,389 sq ft

1772 Hwy 120, Ely, MN 55731

$249,000

2 beds1 bath912 sq ft

296 Shady Ln, Ely, MN 55731

3D WALKTHROUGH

$499,999

2 beds2 baths2,382 sq ft

2762 Cedar Lake Rd, Ely, MN 55731

$147,000

2 beds1 bath1,188 sq ft

512 2nd St St N, Tower, MN 55790

$130,000

3 beds2 baths1,602 sq ft

51 Aspen Ln, Babbitt, MN 55706

$147,000

2 beds1 bath1,188 sq ft

512 2nd St N, Tower, MN 55790

New listings for sale in 55731

$749,000

1 bed— baths352 sq ft

2815 Schaeffer Rd, Ely, MN 55731

$799,000

2 beds1 bath988 sq ft

2811 Schaeffer Rd, Ely, MN 55731

$259,000

3 beds1 bath1,064 sq ft

308 S 8th Ave. Ave E, Ely, MN 55731

$684,500

3 beds2 baths1,806 sq ft

214 Cedar Ln, Ely, MN 55731

VIDEO TOUR

$887,900

2 beds1 bath525 sq ft

3530 North Arm Rd, Ely, MN 55731

$117,000

3 beds1 bath918 sq ft

31 E Harvey St, Ely, MN 55731

3D WALKTHROUGH

$395,000

2 beds1 bath955 sq ft

13412 Bear Paw Trl, Ely, MN 55731

3D WALKTHROUGH

$449,000

2 beds2 baths1,389 sq ft

1772 Hwy 120, Ely, MN 55731

3D WALKTHROUGH

$850,000

3 beds2 baths1,904 sq ft

14653 & 14655 Hulstrand Rd, Ely, MN 55731

Home values near 2528 Verbick Rd

Data from public records.

Address	Redfin Estimate
2532 Verbick Rd, Ely, MN 2 Beds \| 2 Baths \| 1440 Sq. Ft.	$489,588
2506 Verbick Rd, Ely, MN 3 Beds \| 2 Baths \| 1264 Sq. Ft.	$492,569

Address	Redfin Estimate
2515 Verbick Rd, Ely, MN 2 Beds \| 1 Baths \| 768 Sq. Ft.	$268,513
2540 Verbick Rd, Ely, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$953,484

Address	Redfin Estimate
2518 Verbick Rd, Ely, MN 2 Beds \| 1 Baths \| 864 Sq. Ft.	$298,002
2544 Verbick Rd, Ely, MN 2 Beds \| 1 Baths \| 780 Sq. Ft.	—

Property information provided by LSAR when last listed in 2024. This data may not match . Learn more.

More real estate resources

Cities
Zip Codes
Popular Searches

Babbitt homes for sale
Soudan homes for sale

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

Houses for sale near me	Minneapolis, MN homes for sale	Eagan, MN homes for sale
Land for sale near me	St. Paul, MN homes for sale	Minnetonka, MN homes for sale
Open Houses near me	Edina, MN homes for sale	Ely Property Records
Condos for sale near me	Plymouth, MN homes for sale	MN New Listings
Agents near me	Woodbury, MN homes for sale	Ely Housing Market