1939 Old Highway 1, Ely, MN 55731
Kitchen
Property image
OFF MARKET

$342,800

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 1,728 sqft (on 20 acres)

1939 Old Highway 1, Ely, MN 55731

Est. Refi. Payment $2,213/mo*
Refinance Your Home
Currently Off Market - Sold Nov 1, 2019 for $219,000

Home Value

Trulia Estimate
$343K
Since last month
Decreased$4K (-1%)
Since last year
Increased$12K (+3.7%)
Since last sale
Increased$121K (+55.4%)
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 +34% in the last 10 years
MonthEstimated value
2026
September 2026$340K
August 2026$344K
July 2026$344K
June 2026$347K
May 2026$341K
April 2026$331K
March 2026$321K
February 2026$318K
January 2026$315K
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
0.52
Single-Family Home
$439,000
06/30/26
3
2
2,085
1280 S White Iron Rd, Ely, MN
1.07
Single-Family Home
$745,000
09/10/26
4
2.5
2,371
2137 Deer Ridge Rd, Ely, MN
1.93
Single-Family Home
$420,000
11/14/25
1
1
1,440
36 E Beacon Hill Rd, Ely, MN
2.24
Single-Family Home
$198,000
11/12/25
3
2
1,920
236 Ahola Rd, Ely, MN
2.12
Single-Family Home
$364,000
11/17/25
3
2
2,520
545 E Wilson St, Ely, MN
2.37
Single-Family Home
$220,000
04/15/26
3
2
1,544
1029 E White St, Ely, MN
2.54
Single-Family Home
$120,000
12/12/25
2
1
2,166
118 E James St, Ely, MN
2.60
Single-Family Home
$275,000
08/03/26
3
1
1,882
647 E Boundary St, Ely, MN
2.41
Single-Family Home
$195,000
10/07/25
3
2
2,000
124 S 14th Ave E, Ely, MN
2.59
Single-Family Home
$210,000
10/09/25
3
1
1,186

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
0.09
-
-
-
-
Off Market
1493 Inspiration Road, Ely, MN 55731
0.52
$439,000
3
2
2,085
Recently Sold
TBD Johnson Creek Dr, Ely, MN 55731
0.65
-
-
-
-
Off Market
TBD N White Iron Rd, Ely, MN 55731
0.69
$179,000
-
-
-
For Sale
Johnson Creek Dr, Ely, MN 55731
0.67
-
-
-
-
Off Market
1365 S White Iron Rd, Ely, MN 55731
0.73
$499,000
3
1.5
3,240
For Sale
TBD Johnson Creek Dr, Ely, MN 55731
0.77
$65,900
-
-
-
For Sale
1411 S White Iron Rd, Ely, MN 55731
0.86
$275,100
1
1
600
Off Market
1366 S White Iron Rd, Ely, MN 55731
0.93
$758,800
3
2.5
2,147
Off Market
xxx Johnson Creek Rd, Ely, MN 55731
0.92
-
-
-
-
Off Market
1280 S White Iron Rd, Ely, MN 55731
1.07
$745,000
4
2.5
2,371
Recently Sold
1245 Chippewa Shores, Ely, MN 55731
1.09
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 1939 Old Highway 1.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
20 acre lot
1,728 sqft
$198/sqft
Garage

About this House

This single-family home is located at 1939 Old Highway 1, Ely, MN. 1939 Old Highway 1 is in Ely, MN and in ZIP code 55731. This property has 2 bedrooms, 1 bathroom and approximately 1,728 sqft of floor space. This property has a lot size of 20.00 acres.
1939 Old Highway 1, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 1,728 sqft single-family home. It last sold for $219,000 on Nov 1, 2019. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $342,800, with a rent estimate of $1,726/month.

Home Details for 1939 Old Highway 1

Interior Features

Interior Details
BasementTypes of Rooms: Dining Room, Mud Room
Levels, Entrance, & Accessibility
Stories: 1
Fireplace & Spa
Fireplace

Property Information

Property Type / Style
Property Type: Single Family HomeArchitecture: cabin

Exterior Features

Exterior Home Features
Exterior: WoodPatioPorch
Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 1

Lot Information

Lot Area: 20.00 acres

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Nov 1, 2019
Source: Lake Superior Area Realtors as distributed by MLS GRID #6082450
Sold
$219,000
Oct 2, 2019
Source: Agent Provided
Pending
$219,000
Aug 2, 2019
Source: Agent Provided
PriceChange
$219,000
Price decreased by 11%
Apr 10, 2019
Source: N/A
Listed For Sale
$245,000

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. "
    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 1939 Old Highway 1

  • What is 1939 Old Highway 1 estimated to be worth?
    Trulia's estimated value for 1939 Old Highway 1 in Ely, MN is $342,800.
  • What is the price history for 1939 Old Highway 1?
    1939 Old Highway 1 in Ely, MN last sold for $219,000 in November 2019.
  • 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.
  • How big is the lot at 1939 Old Highway 1?
    The lot at 1939 Old Highway 1 in Ely, MN is about 20 acres.
  • Does 1939 Old Highway 1 have a garage?
    Yes, 1939 Old Highway 1 in Ely, MN has a garage.

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