1240 Walsh Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

$363,200

Trulia Estimate
  • 2 Beds
  • 768 sqft (on 2 acres)

1240 Walsh Rd, Ely, MN 55731

Est. Refi. Payment $2,421/mo*
Refinance Your Home
Currently Off Market - Sold Mar 17, 2008 for $295,000

Home Value

Trulia Estimate
$363K
Since last month
Increased$6K (+1.8%)
Since last year
Increased$7K (+1.9%)
Since last sale
Increased$68K (+23.1%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +583% in the last 10 years
MonthEstimated value
2026
September 2026$363K
September 2026$363K
August 2026$357K
July 2026$353K
June 2026$356K
May 2026$368K
April 2026$341K
March 2026$339K
February 2026$341K
January 2026$327K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1233 Minnesota Blvd, Ely, MN
0.53
Single-Family Home
$120,000
01/13/26
1
1
572
1531 Bear Head State Park Rd, Ely, MN
1.98
Single-Family Home
$335,000
07/17/26
1
1
1,056
3772 Rustic Wood Rd, Ely, MN
1.96
Single-Family Home
$131,666
02/23/26
2
1
740
3806 Dorem Dr, Ely, MN
2.77
Single-Family Home
$250,000
07/24/26
2
1
720
1739 Bear Head State Park Rd, Ely, MN
2.85
Single-Family Home
$265,000
06/09/26
2
1
1,346
3819 Dorem Dr, Ely, MN
2.96
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
1346 Bear Head State Park Rd, Ely, MN
2.92
Single-Family Home
$140,000
04/13/26
1
-
288
3810 Mud Creek Rd, Ely, MN
3.32
Single-Family Home
$110,000
05/06/26
2
-
840
1675 Bradach Rd, Ely, MN
3.35
Single-Family Home
$780,000
08/12/26
3
2
1,916
1859 Bobence Rd, Ely, MN
4.33
Single-Family Home
$420,000
06/22/26
3
3
1,532

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1242 Walsh Rd, Ely, MN 55731
0.03
-
Studio
-
-
Off Market
1242 Walsh Rd, Ely, MN 55731
0.06
$459,500
2
1
1,416
Off Market
1244 Walsh Rd, Ely, MN 55731
0.08
-
3
2
1,440
Off Market
1220 Walsh Rd, Ely, MN 55731
0.10
$1,017,000
3
3
3,104
Off Market
1233 Walsh Rd, Ely, MN 55731
0.13
$658,100
2
2
1,284
Off Market
1241 Walsh Rd, Ely, MN 55731
0.14
$702,200
1
1
1,399
Off Market
1241 Walsh Rd., Ely, MN 55731
0.14
$701,200
2
0.5
1,460
Off Market
1250 Walsh Rd, Ely, MN 55731
0.14
$374,900
3
3
1,536
Off Market
1252 Walsh Rd, Ely, MN 55731
0.17
-
-
-
1,564
Off Market
4172 Swanson Shores Rd, Ely, MN 55731
0.17
$850,100
3
2
2,056
Off Market
1251 Walsh Rd, Ely, MN 55731
0.19
$756,300
2
2
1,120
Off Market
1255 Walsh Rd, Ely, MN 55731
0.19
$454,400
2
1
693
Off Market
4170 Swanson Shores Rd, Ely, MN 55731
0.23
$881,500
3
2
2,080
Off Market
TBD Swanson Shores, Ely, MN 55731
0.24
-
-
-
-
Off Market
4079 Swanson Shores Rd, Ely, MN 55731
0.24
-
-
-
-
Off Market
1299 Walsh Rd, Ely, MN 55731
0.25
$823,700
2
2
1,270
Off Market
1264 Walsh Rd, Ely, MN 55731
0.29
$271,100
Studio
-
-
Off Market
1264 Walsh Rd, Ely, MN 55731
0.29
-
Studio
-
-
Off Market
1264 Walsh Rd, Ely, MN 55731
0.29
$543,400
2
2
1,738
Off Market
4126 Swanson Shores Rd, Ely, MN 55731
0.30
$1,020,700
2
2
1,728
Off Market

Local Information

  • Map ViewExplore the area around 1240 Walsh Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1992
2 acre lot
768 sqft
$473/sqft

About this House

THIS IS AN EXCEPTIONAL WATERFRONT PARCEL with 300 ft of frontage and beautiful tree cover of Birch, Spruce, Balsam and Pine. It is a very private and secluded lot with an unfinished 24 x 32 cabin and lots of room to build your dream log home! Brokered And Advertised By: Border Lakes Realty Listing Agent: Mark Larson
1240 Walsh Rd, Ely, MN 55731 is a 2 bedroom, 768 sqft single-family home built in 1992. It last sold for $295,000 on Mar 17, 2008. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $363,200, with a rent estimate of $1,398/month.

Home Details for 1240 Walsh Rd

Interior Features

Heating & Cooling
Heating: WoodHeating Fuel: Wood

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Wood

Property Information

Year Built
Year Built: 1992
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 2.00 acres

Price and Tax history

DateEventPrice
Oct 17, 2012
Source: Agent Provided
ListingRemoved
$275,000
Oct 12, 2012
Source: Agent Provided
Listed For Sale
$275,000
Mar 17, 2008
Source: Lake Superior Area Realtors as distributed by MLS GRID #1798943
Sold
$295,000

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

Around this home

What Locals Say about Ely

At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 69 % Say it's walkable to grocery stores

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
    0
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  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
    Flag
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
    Flag
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
    Flag
  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 1240 Walsh Rd

  • What is 1240 Walsh Rd estimated to be worth?
    Trulia's estimated value for 1240 Walsh Rd in Ely, MN is $363,200.
  • What is the price history for 1240 Walsh Rd?
    1240 Walsh Rd in Ely, MN last sold for $295,000 in March 2008.
  • Is Ely a buyer's or seller's market?
    Ely is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Ely?
    Residents describe Ely, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Ely, MN.
  • How big is the lot at 1240 Walsh Rd?
    The lot at 1240 Walsh Rd in Ely, MN is about 2 acres.

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Off Market Homes Near 1240 Walsh Rd

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