1438 Highway 120, Ely, MN 55731
Property image
Property image
OFF MARKET

$325,100

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,248 sqft (on 5 acres)

1438 Highway 120, Ely, MN 55731

Refinance Your Home
Currently Off Market - Sold Oct 19, 2023 for $280,000

Home Value

Trulia Estimate
$325K
Since last month
Decreased$3K (-0.8%)
Since last year
Increased$10K (+3.2%)
Since last sale
Increased$46K (+16.3%)
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 +151% in the last 10 years
MonthEstimated value
2026
August 2026$326K
August 2026$325K
July 2026$328K
June 2026$328K
May 2026$331K
April 2026$324K
March 2026$321K
February 2026$314K
January 2026$314K
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
1480 Maijala Rd, Ely, MN
0.54
Single-Family Home
$265,000
06/10/26
3
1.5
1,408
1317 N Hwy 21, Ely, MN
2.52
Single-Family Home
$350,000
09/05/25
3
1.5
2,400
1493 Inspiration Road, Ely, MN
4.04
Single-Family Home
$439,000
06/30/26
3
2
2,085
297 S Kawishiwi Summer Homes Rd, Ely, MN
3.51
Single-Family Home
$280,000
09/30/25
1
-
459
2137 Deer Ridge Rd, Ely, MN
4.89
Single-Family Home
$420,000
11/14/25
1
1
1,440
xxxxx White Iron Lake, Ely, MN
4.36
Single-Family Home
$285,000
03/06/26
3
-
1,072
1840 Windy Rd, Ely, MN
4.65
Single-Family Home
$1,100,000
06/16/26
2
3
2,600

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
1444 County Rd 120, Ely, MN 55731
0.12
$394,400
4
1.5
2,542
Off Market
1468 Highway 120, Ely, MN 55731
0.34
$237,000
2
1
2,016
Off Market
1480 Maijala Rd, Ely, MN 55731
0.54
$265,000
3
1.5
1,408
Recently Sold
1717 Pine Street Rd, Ely, MN 55731
1.11
$445,000
1
1.5
1,890
For Sale
TBD Pine Street Rd, Ely, MN 55731
1.13
-
-
-
-
Off Market
9393 Birch Lake Rd, Ely, MN 55731
1.18
-
-
-
-
Off Market
TBD Birch Lake Rd, Ely, MN 55731
1.26
-
-
-
-
Off Market
TBD Pine Street Rd, Ely, MN 55731
1.31
-
-
-
-
Off Market
TBD Pine Street Rd, Ely, MN 55731
1.36
-
-
-
-
Off Market
TBD Birch Lake, Ely, MN 55731
1.46
$205,400
Studio
-
192
Off Market
1543 Highway 1, Ely, MN 55731
1.50
$376,600
2
1
1,392
Off Market
TBD Pine Street Rd, Ely, MN 55731
1.47
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 1438 Highway 120.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1976
Lot Size
5 acres
Living Area
1,248 sqft
Price/Sqft
$260
Parking
Garage

About this House

This great 3BR country home has 5 acres of land with huge pines and is located just 7 miles south of Ely on a paved road. Home has been totally renovated w/ quality materials and workmanship. The open LR/DR/KI area has laminate flooring throughout, new drywall, large windows giving great views of the front and back yard. The KI is beautiful and has a great deal of cabinet space, a pantry/cupboard and island/bar. There is a new free-standing propane stove in the living room. The remodeled full bath has ceramic flooring and tub surround. The three BRs all have spacious, walk-in closets. The full, block walk-out basement has a wood stove in addition to the furnace, laundry facilities and plenty of storage space. New front and back decks. The detached 2 car garage has a large heated shop. There is a new chicken coop, fenced garden area & large back yard. A great opportunity to live in the country just minutes from Ely! Brokered And Advertised By: Bear Island Land Co., Inc Listing Agent: Janet Erchul
1438 Highway 120, Ely, MN 55731 is a 3 bedroom, 1 bathroom, 1,248 sqft single-family home built in 1976. It last sold for $280,000 on Oct 19, 2023. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $325,100, with a rent estimate of $1,896/month.

Home Details for 1438 Highway 120

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Metal
Parking & Garage
GarageParking Spaces: 2Parking: Garage Detached

Property Information

Year Built
Year Built: 1976
Property Type / Style
Property Type: Single Family HomeArchitecture: mobile home (double-wide)

Community

Units in Building: 1

Lot Information

Lot Area: 5.00 acres

Price and Tax history

DateEventPrice
Oct 19, 2023
Source: N/A
Sold
$280,000
Jul 29, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6103327
Sold
$275,000
Jun 15, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6103327
Pending
$269,900
Jun 7, 2022
Source: Lake Superior Area Realtors as distributed by MLS GRID #6103327
Listed For Sale
$269,900
Jun 27, 2014
Source: Lake Superior Area Realtors as distributed by MLS GRID #2170284
Sold
$128,000

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
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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
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LGBTQ Local Legal Protections

Frequently asked questions about 1438 Highway 120

  • What is 1438 Highway 120 estimated to be worth?
    Trulia's estimated value for 1438 Highway 120 in Ely, MN is $325,100.
  • What is the price history for 1438 Highway 120?
    1438 Highway 120 in Ely, MN last sold for $280,000 in October 2023.
  • 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 1438 Highway 120 have air conditioning?
    Yes, 1438 Highway 120 in Ely, MN has air conditioning.
  • How big is the lot at 1438 Highway 120?
    The lot at 1438 Highway 120 in Ely, MN is about 5 acres.

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