3012 Echo Trail Unit 16 , Ely, MN 55731(Saint Louis County)

1.5 Acres in Ely, MN - $9,500

ONLINE AUCTION ONLY (February 28th), 2015 11:00am - 2:00pm CT.

This private, undeveloped lot is beautifully wooded with nice Red Pines and abuts up against State land to the west with the other three sides adjoining open common space for the resort. This large property comes with a deeded dock space. Private investors are allowed to purchase a cabin or parcel of land, join the CIC's governing association and earn income by participating in the resorts rental pool.

LIST PRICE IS $22,500 WITH AN OPENING BID OF $9,500 IF NO OFFERS RECEIVED BEFORE 02/28/15 AUCTION. Buyer Fee of 2% or $2,000, whichever is greater, to be added to high bid to determine final sale price. Nonrefundable EM of 5% of high bid/sales price due from high Bidder at time of auction/offer. Offers subject to seller approval. Property sold 'as is, where is'. See Bidder Packet for additional details. Auctioneer: Rick Round...