$245,300
- 2 Beds
- 1 Bath
- 840 sqft (on 1.68 acres)
1987 W Shagawa Rd, Ely, MN 55731
Est. Refi. Payment $1,605/mo*
Refinance Your HomeCurrently Off Market - Sold May 22, 2015 for $125,000
Home Value
Trulia Estimate
$245KSince last month
Increased$300 (+0.1%)Since last year
Increased$20K (+8.8%)Since last sale
Increased$122K (+97.8%)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 +348% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $247K |
| August 2026 | $246K |
| July 2026 | $247K |
| June 2026 | $248K |
| May 2026 | $241K |
| April 2026 | $228K |
| March 2026 | $220K |
| February 2026 | $212K |
| January 2026 | $204K |
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 |
|---|---|---|---|---|---|---|---|
0.69 | Single-Family Home | $161,000 | 11/04/25 | 3 | 1 | 1,275 | |
0.85 | Single-Family Home | $110,000 | 09/23/25 | 1 | 1 | 852 | |
0.87 | Single-Family Home | $194,000 | 10/06/25 | 3 | 1 | 963 | |
0.86 | Single-Family Home | $290,000 | 08/12/26 | 2 | - | 560 | |
0.45 | Single-Family Home | $240,000 | 10/03/25 | 1 | - | 551 | |
1.11 | Single-Family Home | $172,000 | 04/14/26 | 2 | 1.5 | 1,041 | |
0.99 | Single-Family Home | $115,000 | 06/29/26 | 4 | 1.5 | 1,500 | |
1.12 | Single-Family Home | $178,000 | 08/24/26 | 3 | 2 | 1,472 |
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 |
|---|---|---|---|---|---|---|
0.08 | - | - | - | - | Off Market | |
0.23 | $897,700 | 3 | 2.5 | 3,400 | Off Market | |
0.25 | $497,600 | 3 | 3 | - | Off Market | |
0.41 | - | - | - | - | Off Market | |
0.41 | - | - | - | - | Off Market | |
0.41 | $293,900 | 4 | 2.5 | 1,402 | Off Market | |
0.45 | $242,500 | 1 | - | 551 | Off Market | |
0.47 | - | - | - | - | Off Market | |
0.50 | - | - | - | - | Off Market | |
0.51 | - | 4 | 2 | 2,496 | Off Market | |
0.68 | - | - | - | - | Off Market | |
0.69 | $162,900 | 3 | 1 | 1,275 | Off Market |
Local Information
-- mins to
Home Highlights
Single-Family Home
Built in 1971
1.68 acre lot
840 sqft
$292/sqft
About this House
This Northwest facing lot features panoramic lake views with over 597 feet of sandy, level shoreline. The property is 1.68 acres in size with a beautiful mix of tree cover. Because the property is located on a point, the views are hard to beat. There is a mobile home on the property that has been used seasonally – a great way to immediately enjoy your Northwoods get-a-way! The property is located at the end of the road on a cul-de-sac. Conveniently located close to town but offers the privacy and serenity one seeks up North. Shagawa Lake is one of the finest fishing lakes in the area. Brokered And Advertised By: Bear Island Land Co., Inc Listing Agent: Kate Davies
1987 W Shagawa Rd, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 840 sqft single-family home built in 1971. It last sold for $125,000 on May 22, 2015. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $245,300, with a rent estimate of $1,576/month.
Home Details for 1987 W Shagawa Rd
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Heating & Cooling Heating: RadiantAir ConditioningCooling System: CentralHeating Fuel: Radiant |
Levels, Entrance, & Accessibility Stories: 1 |
Interior Details Additional StorageStorage |
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Exterior Home Features Roof: AsphaltExterior: Metal |
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Year Built Year Built: 1971 |
Property Type / Style Property Type: Single Family HomeArchitecture: mobile home (single-wide) |
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Units in Building: 1 |
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Lot Area: 1.68 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
May 22, 2015 Source: Lake Superior Area Realtors as distributed by MLS GRID #2194985 | Sold | $125,000 |
Aug 4, 2014 Source: Agent Provided | ListingRemoved | $259,900 |
Jul 17, 2014 Source: Agent Provided | PriceChange | $259,900 Price increased by 0% |
Jun 16, 2014 Source: Agent Provided | PriceChange | $259,000 Price decreased by 20% |
Sep 15, 2013 Source: Agent Provided | Listed For Sale | $325,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,492 | $156,000 |
Home facts updated by county records
Market trends in Ely
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 1987 W Shagawa Rd
- What is 1987 W Shagawa Rd estimated to be worth?Trulia's estimated value for 1987 W Shagawa Rd in Ely, MN is $245,300.
- What is the price history for 1987 W Shagawa Rd?1987 W Shagawa Rd in Ely, MN last sold for $125,000 in May 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 1987 W Shagawa Rd have air conditioning?Yes, 1987 W Shagawa Rd in Ely, MN has air conditioning.
- How big is the lot at 1987 W Shagawa Rd?The lot at 1987 W Shagawa Rd in Ely, MN is about 1.7 acres.

