1543 Highway 1, Ely, MN 55731
Property image
Property image
OFF MARKET

1543 Highway 1
Ely, MN 55731

  • 2 Beds
  • 1 Bath
  • 1,392 sqft (on 4.40 acres)

$378,900

Trulia Estimate
as of Jul 30, 2026
Est. Refi. Payment $2,341/mo*
Refinance Your Home

$378,900

Trulia Estimate
as of Jul 30, 2026
Est. Refi. Payment $2,341/mo*
Refinance Your Home
2 Beds
1 Bath
1,392 sqft
(on 4.40 acres)

Local Information

  • Map ViewExplore the area around 1543 Highway 1.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1968
Lot Size
4.4 acres
Living Area
1,392 sqft
Price/Sqft
$272
Parking
Garage

About this House

Welcome to "A Welcome to Ely" residential property listing located just south of town that is perfect for families looking for a year-round vacation spot in the Ely area. This property is just a few miles from the Boundary Waters and the famous Kawishiwi River/Birch Lake chain, which offers excellent year-round recreational activities. This ranch rambler-style house is an affordable option for those who are not yet ready to retire but are looking for a place to relax and enjoy the beauty of Ely. It's an excellent option for people looking to downsize, with a sizeable 4.4-acre yard and garage. The house has two bedrooms, a bathroom, and an open living room/kitchen area with tiled floors. The living room overlooks an expansive deck perfect for watching the Northern Lights. The lower level of the house has a bar/recreational area and two bonus rooms that could be turned into bedrooms by installing egress windows. The 10 x 19 utility room has a washer, dryer, fuel oil furnace, and an off-peak electrical panel for two off-peak storage heat units. The sizeable recreational deck wraps around the west to east of the north side of the home, extending the seasonal recreational area. This home has a large yard with two horseshoe pits, a generous open lawn, and a garden area. The large 36 x 60 garage has one 10-foot and one 8-foot door, providing plenty of space for washing or repairing vehicles and recreational vehicles. The garage is insulated and heated with in-floor heat and has a year-round insulated underground waterline service to the garage, complete with a water heater. The garage has an enormous indoor kennel with an insulated/lockable pet door to access the outdoor run. A large, professionally installed chain-link fence has been added to protect and contain dogs or other pets. As soon as weather permits, the septic system will be upgraded from Non-Conforming to compliance this spring.
1543 Highway 1, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 1,392 sqft single-family home built in 1968. It last sold for $349,000 on May 31, 2024 (6% below the $369,900 asking price). It is currently off market. The Trulia Estimate is $378,900, with a rent estimate of $1,668/month.

Home Details for 1543 Highway 1

Interior Features

Interior Details
Basement: Full,Partially Finished,Den/Office,Family/Rec Room,Utility Room,Washer Hook-Ups,Dryer Hook-UpsNumber of Rooms: 9Types of Rooms: Bedroom, Bathroom, Bonus Room, Family Room, Kitchen, Living Room, Utility Room
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1392 Square FeetFoundation Area: 768
Appliances & Utilities
Utilities: SatelliteAppliances: Water Heater-Electric, Dryer, Microwave, Range, Refrigerator, WasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Baseboard,Boiler,Dual Fuel/Off Peak,Radiant,ElectricHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Lake Country Power
Windows, Doors, Floors & Walls
Window: Energy Windows, Vinyl WindowsFlooring: Tiled Floors
Levels, Entrance, & Accessibility
Number of Stories: 1Floors: Tiled Floors
View
Has a ViewView: Panoramic, Typical, Valley

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: DeckFencing: PartialVegetation: Heavily WoodedOther Structures: KennelsExterior: Dog Run, Rain GuttersFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 6Number of Covered Spaces: 6No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 6Parking: Gravel,Off Street,Detached,Drains,Electrical Service,Heat,Insulation,Plumbing
Frontage
Road Frontage: HighwayResponsible for Road Maintenance: Private Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Drain Field, Private Sewer
Finished Area
Finished Area (above surface): 768 Square FeetFinished Area (below surface): 624 Square Feet

Days on Market

Cumulative Days on Market: 81

Property Information

Year Built
Year Built: 1968
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Vinyl, Concrete Block, Frame/Wood
Property Information
Parcel Number: 465001003632, 465001003633

Price & Status

Price
List Price: $369,900
Status Change & Dates
Off Market Date: Fri Apr 19 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: SOLD

Location

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

HOA

No HOA

Lot Information

Lot Area: 4.4 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6112066Attribution Contact: ***Above Grade Unfinished Area: 768
Last check for updates: about 14 hours ago
Listed by Jerry Fink, (218) 343-1318
Canoe Capital Realty, LLC
Bought with: Julian Rasmusson, (651) 270-8911, Z' Up North Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6112066

Price History for 1543 Highway 1

DatePriceEventSource
05/31/2024$349,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6112066
04/20/2024$369,900PendingLake Superior Area Realtors as distributed by MLS GRID #6112066
03/20/2024$369,900PriceChange
Lake Superior Area Realtors as distributed by MLS GRID #6112066
01/29/2024$379,900Listed For SaleLake Superior Area Realtors as distributed by MLS GRID #6112066
07/14/2023$350,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6108287
06/02/2023$359,000PendingLake Superior Area Realtors as distributed by MLS GRID #6108287
05/26/2023$359,000Listed For SaleRange AOR #145070
10/25/2011$2,000Sold
N/A

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2024
Tax$2,078
Assessment$332,200
Home facts updated by county records

Comparable Sales for 1543 Highway 1

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1480 Maijala Rd, Ely, MN
1.03
Single-Family Home
$265,000
06/10/26
3
1.5
1,408
1493 Inspiration Road, Ely, MN
2.82
Single-Family Home
$439,000
06/30/26
3
2
2,085
2137 Deer Ridge Rd, Ely, MN
3.44
Single-Family Home
$420,000
11/14/25
1
1
1,440
1317 N Hwy 21, Ely, MN
3.37
Single-Family Home
$350,000
09/05/25
3
1.5
2,400
xxxxx White Iron Lake, Ely, MN
2.87
Single-Family Home
$285,000
03/06/26
3
-
1,072
3206 Shady Rest, Ely, MN
4.05
Single-Family Home
$710,200
08/29/25
2
2
1,768
297 S Kawishiwi Summer Homes Rd, Ely, MN
3.49
Single-Family Home
$280,000
09/30/25
1
-
459

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 1543 Highway 1.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

Apartments for Rent

Skip to last item
  • Results are loading
Skip to first item

Homes for sale near 1543 Highway 1

Skip to last item
Skip to first item

Off Market Homes Near 1543 Highway 1

Skip to last item
Skip to first item
Based on information submitted to the MLS GRID as of 2026-07-29 20:52:21 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