1561 Rapids Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

$394,700

Trulia Estimate
  • 3 Beds
  • 1 Bath
  • 1,953 sqft (on 8 acres)

1561 Rapids Rd, Ely, MN 55731

Est. Refi. Payment $2,587/mo*
Refinance Your Home
Currently Off Market - Sold Jun 18, 2015 for $219,000

Home Value

Trulia Estimate
$395K
Since last month
Increased$600 (+0.2%)
Since last year
Increased$12K (+3.2%)
Since last sale
Increased$175K (+79.7%)
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 +79% in the last 10 years
MonthEstimated value
2026
September 2026$394K
August 2026$393K
July 2026$398K
June 2026$400K
May 2026$399K
April 2026$388K
March 2026$378K
February 2026$372K
January 2026$368K
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
1.08
Single-Family Home
$265,000
06/10/26
3
1.5
1,408
1663 Saari Rd, Ely, MN
1.78
Single-Family Home
$1,100,000
09/11/26
4
3.5
5,280
1493 Inspiration Road, Ely, MN
3.03
Single-Family Home
$439,000
06/30/26
3
2
2,085
1280 S White Iron Rd, Ely, MN
2.85
Single-Family Home
$745,000
09/10/26
4
2.5
2,371
1840 Windy Rd, Ely, MN
3.73
Single-Family Home
$1,100,000
06/16/26
2
3
2,600
2137 Deer Ridge Rd, Ely, MN
4.07
Single-Family Home
$420,000
11/14/25
1
1
1,440
xxxxx White Iron Lake, Ely, MN
3.83
Single-Family Home
$285,000
03/06/26
3
-
1,072
36 E Beacon Hill Rd, Ely, MN
4.55
Single-Family Home
$198,000
11/12/25
3
2
1,920
236 Ahola Rd, Ely, MN
4.47
Single-Family Home
$364,000
11/17/25
3
2
2,520
118 E James St, Ely, MN
4.95
Single-Family Home
$275,000
08/03/26
3
1
1,882

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
1.03
-
-
-
-
Off Market
1480 Maijala Rd, Ely, MN 55731
1.08
$265,000
3
1.5
1,408
Recently Sold
1543 Highway 1, Ely, MN 55731
1.14
$376,200
2
1
1,392
Off Market
1444 County Rd 120, Ely, MN 55731
1.20
$408,300
4
1.5
2,542
Off Market
TBD Souja Rd, Ely, MN 55731
1.22
-
-
-
-
Off Market
TBD Souja Rd, Ely, MN 55731
1.37
$62,000
-
-
-
Recently Sold
TBD Souja Rd, Ely, MN 55731
1.37
-
-
-
-
Off Market
1791 One Pine Estates Rd, Ely, MN 55731
1.37
$635,800
2
1
1,205
Off Market
1717 Pine Street Rd, Ely, MN 55731
1.38
$445,000
1
1.5
1,890
For Sale
1468 Highway 120, Ely, MN 55731
1.43
$235,200
2
1
2,016
Off Market
TBD Pine Street Rd, Ely, MN 55731
1.53
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 1561 Rapids Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1978
8 acre lot
1,953 sqft
$202/sqft
Garage

About this House

This 3 bedroom 1 bath country home is situated on 8 acres overlooking Bear Island River just a few minutes from Ely. There are panoramic views overlooking Bear Island River with over 600' of river frontage all in a very private end of the road setting. The main entry to the home is through an inviting sunroom that also gives you access to a spacious screened porch. The kitchen has granite counters, birch cabinetry, tile floors and under cabinet lighting. A full bath downstairs is spacious and includes a claw-foot tub, separate shower and double sink vanity. The dining room and living room are both on the river-view side of the house, which also gives you access to a large deck. There are 2 bedrooms upstairs, the master has a skylight and small balcony. The basement is a walk-out with laundry facilities and an additional bedroom. To round things out there is a storage shed and a 26'x28' garage with a 12'x28' room above with a separate outside entrance for additional storage Brokered And Advertised By: Wildwoods Land Company Listing Agent: Wesley Crawford
1561 Rapids Rd, Ely, MN 55731 is a 3 bedroom, 1 bathroom, 1,953 sqft single-family home built in 1978. It last sold for $219,000 on Jun 18, 2015. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $394,700, with a rent estimate of $1,880/month.

Home Details for 1561 Rapids Rd

Interior Features

Interior Details
BasementCeiling Fan
Heating & Cooling
Heating: Forced Air, RadiantAir ConditioningCooling System: CentralHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1.2000000476837158
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: WoodFoundation Type: SlabPatio
Parking & Garage
GarageParking Spaces: 2Parking: Garage Detached

Property Information

Year Built
Year Built: 1978
Property Type / Style
Property Type: Single Family Home

Community

Units in Building: 1

Lot Information

Lot Area: 8.00 acres

Price and Tax history

DateEventPrice
Jun 18, 2015
Source: Lake Superior Area Realtors as distributed by MLS GRID #2250990
Sold
$219,000
Feb 26, 2015
Source: Agent Provided
ListingRemoved
$235,000
Dec 17, 2014
Source: Agent Provided
Listed For Sale
$235,000
Nov 7, 2014
Source: N/A
Sold
$233,500
Nov 7, 2014
Source: Agent Provided
PriceChange
$239,000
Price decreased by 4%

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

Frequently asked questions about 1561 Rapids Rd

  • What is 1561 Rapids Rd estimated to be worth?
    Trulia's estimated value for 1561 Rapids Rd in Ely, MN is $394,700.
  • What is the price history for 1561 Rapids Rd?
    1561 Rapids Rd in Ely, MN last sold for $219,000 in June 2015.
  • 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 1561 Rapids Rd have air conditioning?
    Yes, 1561 Rapids Rd in Ely, MN has air conditioning.
  • How big is the lot at 1561 Rapids Rd?
    The lot at 1561 Rapids Rd in Ely, MN is about 8 acres.

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