14054 Fall Lake Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

14054 Fall Lake Rd
Ely, MN 55731

  • 3 Beds
  • 2 Baths
  • 2,208 sqft (on 7 acres)

$422,700

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $2,614/mo*
Refinance Your Home

$422,700

Trulia Estimate
as of Aug 22, 2026
Est. Refi. Payment $2,614/mo*
Refinance Your Home
3 Beds
2 Baths
2,208 sqft
(on 7 acres)

Home Value

Trulia Estimate
$423K
Since last month
Increased$3K (+0.7%)
Since last year
Increased$900 (+0.2%)
Since last sale
Increased$289K (+212.4%)
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 +211% in the last 10 years
MonthEstimated value
2026
August 2026$425K
July 2026$422K
June 2026$436K
May 2026$431K
April 2026$425K
March 2026$413K
February 2026$405K
January 2026$407K
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
631 Circle Dr, Ely, MN
0.38
Single-Family Home
$805,000
01/16/26
3
2.5
2,373
14108 Fall Lake Rd, Ely, MN
0.24
Single-Family Home
$359,000
05/29/26
2
2
3,274
386 Garden Lake Rd, Ely, MN
2.35
Single-Family Home
$419,000
12/08/25
3
2
2,281
1152 Fernberg Rd, Ely, MN
2.28
Single-Family Home
$150,000
07/24/26
1
1
516
480 Kawishiwi Tr, Ely, MN
2.95
Single-Family Home
$265,000
09/11/25
3
1.5
1,693
540 Loop Rd, Ely, MN
2.86
Single-Family Home
$710,000
02/06/26
3
2
3,160
142 Onigum Tr, Ely, MN
2.98
Single-Family Home
$930,000
08/29/25
3
2
2,042
118 Onigum Tr, Ely, MN
3.09
Single-Family Home
$735,000
09/04/25
3
2
2,189
13462 Villa Rd, Ely, MN
3.28
Single-Family Home
$465,000
05/27/26
4
2.5
1,962
13408 Black Bear Tr, Ely, MN
3.05
Single-Family Home
$210,000
09/25/25
2
1
614

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
14108 Fall Lake Rd, Ely, MN 55731
0.24
$359,000
2
2
3,274
Recently Sold
XXX Fall Lake Rd, Ely, MN 55731
0.27
-
-
-
-
Off Market
TBD Circle Dr, Ely, MN 55731
0.32
$65,000
-
-
-
Recently Sold
14057 Fall Lake, Ely, MN 55731
0.38
$245,900
2
-
457
Off Market
631 Circle Dr, Ely, MN 55731
0.38
$805,000
3
2.5
2,373
Recently Sold
13872 Outback Rd, Ely, MN 55731
0.49
$137,900
1
-
486
Off Market
TBD Outback Rd, Ely, MN 55731
0.50
-
-
-
-
Off Market
611 Circle Dr, Ely, MN 55731
0.55
$629,400
3
1
1,253
Off Market
xxx Fernberg Rd, Ely, MN 55731
0.59
$159,800
1
-
320
Off Market
xxxx Circle Dr, Ely, MN 55731
0.61
-
-
-
-
Off Market
xxxxx Fernberg Rd, Ely, MN 55731
0.68
$175,500
1
-
570
Off Market

Local Information

  • Map ViewExplore the area around 14054 Fall Lake Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1985
Lot Size
7 acres
Living Area
2,208 sqft
Price/Sqft
$191
Parking
None

About this House

This single-family home is located at 14054 Fall Lake Rd, Ely, MN. 14054 Fall Lake Rd is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 2 bathrooms and approximately 2,208 sqft of floor space. This property has a lot size of 7.00 acres and was built in 1985.
14054 Fall Lake Rd, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 2,208 sqft single-family home built in 1985. It last sold for $136,000 on Jul 29, 2016. It is currently off market. The Trulia Estimate is $422,700, with a rent estimate of $2,494/month.

Home Details for 14054 Fall Lake Rd

Interior Features

Interior Details
BasementAdditional StorageTypes of Rooms: Dining Room, Family Room, Laundry RoomStorage
Heating & Cooling
Heating: Forced Air, Gas, Propane ButaneAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Carpet, Laminate
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceHot Tub or Spa

Exterior Features

Exterior Home Features
Roof: MetalDeckExterior: Metal
Pool
Pool
Parking & Garage
Parking: None

Property Information

Year Built
Year Built: 1985
Property Type / Style
Property Type: Single Family HomeArchitecture: Split-level

Community

Units in Building: 1

Lot Information

Lot Area: 7.00 acres

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Aug 6, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6101092
ListingRemoved
$475,000
Jun 27, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6101092
ListingRemoved
May 7, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6101092
PriceChange
$475,000
Price decreased by 3%
Mar 4, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6101092
PriceChange
$489,999
Price decreased by 7%
Jan 17, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6101092
Listed For Sale
$525,000

Market trends in Ely

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
98
2MoM

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
    Flag
  • 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 14054 Fall Lake Rd

  • What is 14054 Fall Lake Rd estimated to be worth?
    Trulia's estimated value for 14054 Fall Lake Rd in Ely, MN is $422,700.
  • What is the price history for 14054 Fall Lake Rd?
    14054 Fall Lake Rd in Ely, MN last sold for $136,000 in July 2016.
  • 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.
  • Does 14054 Fall Lake Rd have air conditioning?
    Yes, 14054 Fall Lake Rd in Ely, MN has air conditioning.
  • Does 14054 Fall Lake Rd have a pool?
    Yes, 14054 Fall Lake Rd in Ely, MN has a pool.

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