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3297 Burntside Lake NW, Ely, MN, 55731

1beds
1baths
800sqft
$645,000
$806price/sqft
$4,145/moest. monthly cost
$165,800/yrincome needed

About This Home

Burntside Lake Handscribed Log Home In Private Bay At End Of Pristine Granite Fiord. Set on 1703 ft shoreline & 38.75 acres of park-like forest w/walking trails, surrounded on 3 sides by Federal forests at the edge of the BWCA. Huisman custom built 2010, 800 SF, 1B/1B home w/cedar shake roof & wrap deck. Open great rm w/wood burning firepl & wall of windows showcasing majestic panoramic views over lake & surrounding forest. Surveyed, drilled well, full septic system, fire suppression system, permanent electricity (no generator), dock. A spectacular retreat from the distractions of everyday life. Relax in the total peace & quiet of the forest & the extraordinary beauty of Burntside!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
1
BikeSomewhat Bikeable

Schools

5/10
6/10
Memorial Middle SchoolGrades 6-88.2 mi
9/10
Memorial SecondaryGrades 9-128.2 mi

Construction

Condition

  • Property condition: Previously Owned
  • Year built: 2010

Materials

  • Foundation: Wood
  • Roof: Wood
  • Construction materials: Log,Log Home

Type & Style

  • Home type: SingleFamily
  • Architectural style: Log
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater-Electric,Refrigerator

Basement

  • Has basement: Yes

Bedroom

  • Level: Main
  • Area: 156.25
  • Dimensions: 12.5 x 12.5

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • 3/4 bathrooms: 1

Features

  • Natural Woodwork,Vaulted Ceilings
  • Flooring: Hardwood Floors
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Finished area below ground: 0
  • Finished area above ground: 800

Heating & Cooling

  • Heating features: Fireplace(s),Wood,Electric
  • Cooling features: None

Interior Area

  • Total interior livable area: 800 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main
  • Area: 490
  • Dimensions: 20 x 24.5

Living Room

  • Level: Main

Property

Details

  • Parcel number: 465004002820
  • Foundation area: 792

Features

  • Exterior features: Dock
  • Has view: Yes
  • View description: Inland Lake,Panoramic
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Inland Lake,Waterfront Access(Private),Shoreline Characteristics(Gravel,Rocky)
  • Waterbody name: Burntside
  • Frontage length: 1703

Lot

  • Lot size: 38.75 Acres
  • Features: Irregular Lot,Tree Coverage - Medium,Underground Utilities
  • Lot size dimensions: 1448 x 1320

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Lightning
    LightningRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Lightning
Heat Wave
Inland Flooding
Wildfire

FEMA Declared Disasters in St. Louis County and Minnesota

Fire
Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,261$39,132
Home Insurance *$166$1,992
Property Taxes $548$6,576
Electricity $170$2,050
Total$4,145$49,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$142,114/yr
40% on housing$124,350/yr
45% on housing$110,533/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$806This listing

vs Other Active Listings

Avg $/sqft

ZIP 55731$212
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55731
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-03-24Price change$685,000
2025-07-27Price change$745,000
2025-06-30Price change$765,000
2025-05-30Price change$795,000
2025-05-02Price change$825,000
2025-03-16Price change$845,000
2024-08-05Price change$865,000
2024-03-13Price change$898,500
2024-02-26Price change$924,500
2024-02-09Price change$949,000
2024-01-27Price change$974,500
2023-02-09Price change$985,000
2021-05-08Listed for sale$1,085,000

For Sale by Agent

AgentLisa Janisch
BrokerageJanisch Realty Inc.

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