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

$376,200

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

1543 Highway 1, Ely, MN 55731

Est. Refi. Payment $2,447/mo*
Refinance Your Home
Currently Off Market - Sold May 31, 2024 for $349,000

Home Value

Trulia Estimate
$376K
Since last month
Decreased$900 (-0.2%)
Since last year
Increased$14K (+3.8%)
Since last sale
Increased$27K (+7.7%)
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 +139% in the last 10 years
MonthEstimated value
2026
September 2026$376K
August 2026$377K
July 2026$380K
June 2026$375K
May 2026$377K
April 2026$365K
March 2026$361K
February 2026$356K
January 2026$348K
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
1.03
Single-Family Home
$265,000
06/10/26
3
1.5
1,408
1663 Saari Rd, Ely, MN
0.97
Single-Family Home
$1,100,000
09/11/26
4
3.5
5,280
1280 S White Iron Rd, Ely, MN
2.26
Single-Family Home
$745,000
09/10/26
4
2.5
2,371
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
xxxxx White Iron Lake, Ely, MN
2.87
Single-Family Home
$285,000
03/06/26
3
-
1,072
297 S Kawishiwi Summer Homes Rd, Ely, MN
3.49
Single-Family Home
$280,000
09/30/25
1
-
459
1840 Windy Rd, Ely, MN
4.59
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
TBD Birch Lake Rd, Ely, MN 55731
0.24
-
-
-
-
Off Market
XXX Saari Rd, Ely, MN 55731
0.83
-
-
-
-
Off Market
TBD Souja Rd, Ely, MN 55731
0.93
-
-
-
-
Off Market
1663 Saari Rd, Ely, MN 55731
0.97
$1,100,000
4
3.5
5,280
Recently Sold
TBD Souja Rd, Ely, MN 55731
0.96
-
-
-
-
Off Market
XXX Southwest Shores Tr, Ely, MN 55731
1.03
-
-
-
-
Off Market
TBD Souja Rd, Ely, MN 55731
1.04
$62,000
-
-
-
Recently Sold
1480 Maijala Rd, Ely, MN 55731
1.03
$265,000
3
1.5
1,408
Recently Sold
1356 Southwest Shores Tr, Ely, MN 55731
1.09
-
-
-
-
Off Market
xxx Southwest Shores Tr, Ely, MN 55731
1.11
-
-
-
-
Off Market
XXX Southwest Shores Tr, Ely, MN 55731
1.13
-
-
-
-
Off Market

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

Single-Family Home
Built in 1968
4.4 acre lot
1,392 sqft
$270/sqft
Garage

About this House

What's unique:Large yardTiled floorsOff-peak electrical panelFuel oil furnace
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). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $376,200, with a rent estimate of $1,595/month.
Last check for updates: about 7 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

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

Price and Tax history

DateEventPrice
May 31, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112066
Sold
$349,000
Apr 20, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112066
Pending
$369,900
Mar 20, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112066
PriceChange
$369,900
Price decreased by 3%
Jan 29, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112066
Listed For Sale
$379,900
Jul 14, 2023
Source: Lake Superior Area Realtors as distributed by MLS GRID #6108287
Sold
$350,000

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. "
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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 10:52:13 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 1543 Highway 1

  • What is 1543 Highway 1 estimated to be worth?
    Trulia's estimated value for 1543 Highway 1 in Ely, MN is $376,200.
  • What is the price history for 1543 Highway 1?
    1543 Highway 1 in Ely, MN last sold for $349,000 in May 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.
  • Does 1543 Highway 1 have laundry facilities?
    Yes, 1543 Highway 1 in Ely, MN has in-unit laundry.
  • How big is the lot at 1543 Highway 1?
    The lot at 1543 Highway 1 in Ely, MN is about 4.4 acres.

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