1468 Highway 120, Ely, MN 55731
Property image
Property image
OFF MARKET

$235,000

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 2,016 sqft (on 29.38 acres)

1468 Highway 120, Ely, MN 55731

Est. Refi. Payment $1,557/mo*
Refinance Your Home
Currently Off Market - Sold Sep 27, 2024 for $190,000

Home Value

Trulia Estimate
$235K
Since last month
Increased$300 (+0.1%)
Since last year
Increased$35K (+17%)
Since last sale
Increased$47K (+24.9%)
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 +6% in the last 10 years
MonthEstimated value
2026
September 2026$237K
August 2026$237K
July 2026$237K
June 2026$237K
May 2026$228K
April 2026$218K
March 2026$210K
February 2026$206K
January 2026$208K
2025
2024
2023

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
0.78
Single-Family Home
$265,000
06/10/26
3
1.5
1,408
1663 Saari Rd, Ely, MN
2.75
Single-Family Home
$1,100,000
09/11/26
4
3.5
5,280
1493 Inspiration Road, Ely, MN
4.38
Single-Family Home
$439,000
06/30/26
3
2
2,085
297 S Kawishiwi Summer Homes Rd, Ely, MN
3.42
Single-Family Home
$280,000
09/30/25
1
-
459
1280 S White Iron Rd, Ely, MN
4.01
Single-Family Home
$745,000
09/10/26
4
2.5
2,371
xxxxx White Iron Lake, Ely, MN
4.63
Single-Family Home
$285,000
03/06/26
3
-
1,072
1840 Windy Rd, Ely, MN
4.90
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
0.29
$405,400
4
1.5
2,542
Off Market
1480 Maijala Rd, Ely, MN 55731
0.78
$265,000
3
1.5
1,408
Recently Sold
9393 Birch Lake Rd, Ely, MN 55731
0.84
-
-
-
-
Off Market
TBD Pine Street Rd, Ely, MN 55731
1.10
-
-
-
-
Off Market
TBD Birch Lake, Ely, MN 55731
1.12
$224,500
Studio
-
192
Off Market
1717 Pine Street Rd, Ely, MN 55731
1.14
$445,000
1
1.5
1,890
For Sale
5th St SE, Cook, MN 55723
1.20
$48,000
-
-
-
For Sale
9330 Birch Lake Rd, Ely, MN 55731
1.21
$381,400
3
2
2,517
Off Market
TBD Pine Street Rd, Ely, MN 55731
1.21
-
-
-
-
Off Market
TBD Pine Street Rd, Ely, MN 55731
1.32
-
-
-
-
Off Market
TBD Pine Street Rd, Ely, MN 55731
1.41
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 1468 Highway 120.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1910
29.38 acre lot
2,016 sqft
$117/sqft

About this House

What's unique:Pole buildingOriginal hardwood floorsMultiple outbuildingsChicken coopBig fieldCute eat in kitchen
Check out this rare property on almost 30 acres that backs up to over 1000 acres of public land! This 2 bedroom 1 bath farm house is full of charm and character from the original hardwood floors to the cute eat in kitchen. Some updates include vinyl windows, metal roof, and vinyl siding. There are multiple outbuildings and a chicken coop, a big field that at one time was a fantastic garden, and a pole building with it's own 100amp electrical service as well! This property has so much potential and is just waiting for it's new owner to revive it!
1468 Highway 120, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 2,016 sqft single-family home built in 1910. It last sold for $190,000 on Sep 27, 2024 (6% above the $180,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $235,000, with a rent estimate of $1,496/month.
Last check for updates: about 3 hours ago
Listed by Joseph Tome, (218) 235-8325
Grand Properties
Bought with: Zachary Hway, (651) 341-0383, Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6115041

Home Details for 1468 Highway 120

Interior Features

Interior Details
Basement: Full
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (half): 1Number of Bathrooms (quarter): 1
Dimensions and Layout
Living Area: 2016 Square FeetFoundation Area: 672
Heating & Cooling
Heating: Baseboard,ElectricHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Exterior Home Features
Other Structures: Pole BuildingFoundation: Concrete Perimeter
Parking & Garage
No CarportNo GarageNo Attached GarageParking: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Private Sewer
Finished Area
Finished Area (above surface): 1344 Square FeetFinished Area (below surface): 672 Square Feet

Days on Market

Cumulative Days on Market: 9

Property Information

Year Built
Year Built: 1910
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Vinyl, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 465001005040

Price & Status

Price
List Price: $180,000
Status Change & Dates
Off Market Date: Wed Jul 31 2024

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

HOA

No HOA

Lot Information

Lot Area: 29.38 Acres

Miscellaneous

BasementMls Number: 6115041Attribution Contact: ***Above Grade Unfinished Area: 1344

Price and Tax history

DateEventPrice
Sep 27, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115041
Sold
$190,000
Aug 20, 2024
Source: NorthstarMLS as distributed by MLS GRID #6573066
Pending
$180,000
Aug 1, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115041
Contingent
$180,000
Jul 22, 2024
Source: NorthstarMLS as distributed by MLS GRID #6573066
Listed For Sale
$180,000
Nov 12, 2003
Source: N/A
Sold
$20,000

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

Based on information submitted to the MLS GRID as of 2026-09-23 11:02:09 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 1468 Highway 120

  • What is 1468 Highway 120 estimated to be worth?
    Trulia's estimated value for 1468 Highway 120 in Ely, MN is $235,000.
  • What is the price history for 1468 Highway 120?
    1468 Highway 120 in Ely, MN last sold for $190,000 in September 2024.
  • 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 1468 Highway 120?
    The lot at 1468 Highway 120 in Ely, MN is about 29.4 acres.

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