1493 Inspiration Road, Ely, MN 55731
Property image
Property image
SOLD
JUN 30, 2026

$440,700

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 2,085 sqft (on 10.45 acres)

1493 Inspiration Road, Ely, MN 55731

Est. Refi. Payment $2,745/mo*
Refinance Your Home
Currently Off Market - Sold Jun 30, 2026 for $439,000 (2% below list price)

Home Value

Trulia Estimate
$441K
Since last month
Increased$300 (+0.1%)
Since last year
Increased$700 (+0.2%)
Since last sale
Increased$2K (+0.3%)
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 0% in the last 10 years
MonthEstimated value
2026
August 2026$441K
August 2026$440K
July 2026$440K
June 2026$487K
May 2026$440K

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
236 Ahola Rd, Ely, MN
1.76
Single-Family Home
$364,000
11/17/25
3
2
2,520
2137 Deer Ridge Rd, Ely, MN
1.57
Single-Family Home
$420,000
11/14/25
1
1
1,440
36 E Beacon Hill Rd, Ely, MN
1.90
Single-Family Home
$198,000
11/12/25
3
2
1,920
628 E Boundary St, Ely, MN
1.98
Single-Family Home
$230,000
09/10/25
3
2
1,644
647 E Boundary St, Ely, MN
1.99
Single-Family Home
$195,000
10/07/25
3
2
2,000
545 E Wilson St, Ely, MN
1.96
Single-Family Home
$220,000
04/15/26
3
2
1,544
1505 E Harvey St, Ely, MN
2.15
Single-Family Home
$265,000
08/27/26
3
2
2,128
638 E James St, Ely, MN
2.03
Single-Family Home
$230,000
05/01/26
3
1.5
1,350
712 E Pattison St, Ely, MN
2.07
Single-Family Home
$249,900
05/29/26
3
2
1,170

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
xxx Old Hwy 1, Ely, MN 55731
0.61
-
-
-
-
Off Market
xxx Johnson Creek Rd, Ely, MN 55731
0.57
-
-
-
-
Off Market
TBD N White Iron Rd, Ely, MN 55731
0.63
$179,000
-
-
-
For Sale
Johnson Creek Dr, Ely, MN 55731
0.61
-
-
-
-
Off Market
TBD Johnson Creek Dr, Ely, MN 55731
0.73
$65,900
-
-
-
For Sale
TBD Johnson Creek Dr, Ely, MN 55731
0.77
-
-
-
-
Off Market
1365 S White Iron Rd, Ely, MN 55731
0.93
$525,000
3
1.5
3,240
For Sale
1245 Chippewa Shores, Ely, MN 55731
0.99
-
-
-
-
Off Market
2052 Chippewa Shores, Ely, MN 55731
1.08
$425,600
3
1
832
Off Market
1366 S White Iron Rd, Ely, MN 55731
1.16
$758,800
3
2.5
2,147
Off Market
2032 Chippewa Shores, Ely, MN 55731
1.20
$948,100
4
3.5
4,000
Off Market

Local Information

  • Map ViewExplore the area around 1493 Inspiration Road.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 2008
10.45 acre lot
2,085 sqft
$211/sqft
2 Car Garage

About this House

Lovely 3 bedroom, 2 bath country home located just 2 miles south of Ely on a quiet, private road off of Highway 1. Home has a total of over 3000 sq. ft, was built in 2008, and has aprox 10.5 acres of wooded privacy. The home features a very convenient attached 2 stall garage, maintenance free siding, and very efficient triple pane windows! The main floor has a large kitchen with breakfast bar, a nice pantry, and opens right into the dining room with windows on 3 sides to fully enjoy the peaceful wooded views, the living room with propane fireplace, large main bedroom with huge walk in closet, a second bedroom, 3/4 bath, and a combo laundry and entry room that leads to the attached garage. Downstairs is the huge 3rd bedroom, which could also be a great rec/family room, a full bath, utility room, storage room, and a huge dream workshop..that could be converted to another use if desired. Home has in-floor hot water heating on the lower level, and off peak electric/propane hot water heat on the main floor. Also, a nice half circle driveway, a fully enclosed front porch, steel roof, and a storage building. All of this on a private 10.45 acre parcel just a few minutes from Ely!
1493 Inspiration Road, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 2,085 sqft single-family home built in 2008. It last sold for $439,000 on Jun 30, 2026 (2% below the $449,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $440,700, with a rent estimate of $2,518/month.
Last check for updates: about 5 hours ago
Listed by Jeff Hway, (218) 349-0906
Bear Island Realty LLC
Zachary Hway, (651) 341-0383
Bear Island Realty LLC
Bought with: Chris Eilrich, (218) 343-6169, Wildwoods Land Company
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6125087

Home Details for 1493 Inspiration Road

Interior Features

Interior Details
Basement: Full,Egress Windows,Partially Finished,Walkout,Bath,Bedrooms,Utility RoomNumber of Rooms: 12Types of Rooms: Master Bedroom, Bedroom, Bathroom, Dining Room, Kitchen, Laundry, Living Room, Storage, Utility Room, Workshop
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 2085 Square FeetFoundation Area: 1400
Appliances & Utilities
Utilities: DSLAppliances: Water Heater-Electric, Dishwasher, Dryer, Range, Refrigerator, WasherDishwasherDryerLaundry: Main Level,Dryer Hook-Ups,Washer HookupRefrigeratorWasher
Heating & Cooling
Heating: Boiler,Dual Fuel/Off Peak,In Floor Heat,Propane,ElectricNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Boiler
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Window: Triple Glazed
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Panoramic

Exterior Features

Exterior Home Features
Other Structures: OtherFoundation: Concrete Perimeter, Insulated Form
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Gravel,Attached,Electrical Service,Slab
Frontage
Road Frontage: Highway, Private RoadResponsible for Road Maintenance: Private Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Private Sewer, Mound Septic
Finished Area
Finished Area (above surface): 1655 Square FeetFinished Area (below surface): 430 Square Feet

Days on Market

Cumulative Days on Market: 12

Property Information

Year Built
Year Built: 2008
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Vinyl, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 465001001622

Price & Status

Price
List Price: $449,000Price Per Sqft: $211/sqft
Status Change & Dates
Off Market Date: Tue May 19 2026Possession Timing: Immediate

Active Status

MLS Status: SOLD

Location

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

HOA

No HOA

Lot Information

Lot Area: 10.45 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6125087Attribution Contact: ***Above Grade Unfinished Area: 1655

Price and Tax history

DateEventPrice
Jun 30, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6125087
Sold
$439,000
Jun 8, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6125087
Pending
$449,000
May 8, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6125087
Listed For Sale
$449,000

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

Based on information submitted to the MLS GRID as of 2026-09-04 01:02:41 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 1493 Inspiration Road

  • What is 1493 Inspiration Road estimated to be worth?
    Trulia's estimated value for 1493 Inspiration Road in Ely, MN is $440,700.
  • What is the price history for 1493 Inspiration Road?
    1493 Inspiration Road in Ely, MN last sold for $439,000 in June 2026.
  • 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 1493 Inspiration Road have laundry facilities?
    Yes, 1493 Inspiration Road in Ely, MN has in-unit laundry.
  • How big is the lot at 1493 Inspiration Road?
    The lot at 1493 Inspiration Road in Ely, MN is about 10.5 acres.

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