1701 Highway 1, Ely, MN 55731
OFF MARKET

$418,100

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 3,302 sqft (on 5 acres)

1701 Highway 1, Ely, MN 55731

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Home Value

Trulia Estimate
$418K
Since last month
Increased$12K (+3%)
Since last year
Increased$14K (+3.6%)
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 +169% in the last 10 years
MonthEstimated value
2026
August 2026$415K
July 2026$403K
June 2026$401K
May 2026$412K
April 2026$395K
March 2026$393K
February 2026$381K
January 2026$371K
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
1493 Inspiration Road, Ely, MN
1.69
Single-Family Home
$439,000
06/30/26
3
2
2,085
1480 Maijala Rd, Ely, MN
2.10
Single-Family Home
$265,000
06/10/26
3
1.5
1,408
1317 N Hwy 21, Ely, MN
3.13
Single-Family Home
$350,000
09/05/25
3
1.5
2,400
2137 Deer Ridge Rd, Ely, MN
2.79
Single-Family Home
$420,000
11/14/25
1
1
1,440
236 Ahola Rd, Ely, MN
3.23
Single-Family Home
$364,000
11/17/25
3
2
2,520
1840 Windy Rd, Ely, MN
3.47
Single-Family Home
$1,100,000
06/16/26
2
3
2,600
36 E Beacon Hill Rd, Ely, MN
3.34
Single-Family Home
$198,000
11/12/25
3
2
1,920
647 E Boundary St, Ely, MN
3.57
Single-Family Home
$195,000
10/07/25
3
2
2,000
545 E Wilson St, Ely, MN
3.52
Single-Family Home
$220,000
04/15/26
3
2
1,544
628 E Boundary St, Ely, MN
3.55
Single-Family Home
$230,000
09/10/25
3
2
1,644

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 Souja Rd, Ely, MN 55731
0.40
$62,000
-
-
-
Recently Sold
TBD Souja Rd, Ely, MN 55731
0.43
-
-
-
-
Off Market
TBD Souja Rd, Ely, MN 55731
0.50
-
-
-
-
Off Market
XXX Southwest Shores Tr, Ely, MN 55731
0.54
-
-
-
-
Off Market
XXX Southwest Shores Tr, Ely, MN 55731
0.69
-
-
-
-
Off Market
1411 S White Iron Rd, Ely, MN 55731
0.70
$275,100
1
1
600
Off Market
XXX Southwest Shores Tr, Ely, MN 55731
0.78
-
-
-
-
Off Market
1359 Southwest Shores Tr, Ely, MN 55731
0.78
$480,000
1
1
1,080
For Sale
XXX Southwest Shores Tr, Ely, MN 55731
0.83
-
-
-
-
Off Market
xxx Southwest Shores Tr, Ely, MN 55731
0.83
-
-
-
-
Off Market
xxx Southwest Shores Tr, Ely, MN 55731
0.84
-
-
-
-
Off Market
1356 Southwest Shores Tr, Ely, MN 55731
0.87
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 1701 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
2000
Lot Size
5 acres
Living Area
3,302 sqft
Price/Sqft
$127

About this House

This single-family home is located at 1701 Highway 1, Ely, MN. 1701 Highway 1 is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 2 bathrooms and approximately 3,302 sqft of floor space. This property has a lot size of 5.00 acres and was built in 2000.
1701 Highway 1, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 3,302 sqft single-family home built in 2000. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $418,100, with a rent estimate of $2,681/month.

Home Details for 1701 Highway 1

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 1

Property Information

Year Built
Year Built: 2000
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 5.00 acres

Price and Tax history

DateEventPrice
Jan 31, 2021
Source: NorthstarMLS as distributed by MLS GRID #5473837
ListingRemoved
Aug 11, 2020
Source: Agent Provided
PriceChange
$165,500
Price decreased by 17%
Jan 23, 2020
Source: Agent Provided
Listed For Sale
$200,000
Jun 13, 2015
Source: Agent Provided
ListingRemoved
$229,900
Jun 12, 2015
Source: Agent Provided
Listed For Sale
$229,900

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
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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 1701 Highway 1

  • What is 1701 Highway 1 estimated to be worth?
    Trulia's estimated value for 1701 Highway 1 in Ely, MN is $418,100.
  • 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.
  • What are the closest schools to 1701 Highway 1?
    The closest schools to 1701 Highway 1 in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
  • How big is the lot at 1701 Highway 1?
    The lot at 1701 Highway 1 in Ely, MN is about 5 acres.

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