2148 Nels Lake Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

$405,400

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 2,528 sqft (on 20 acres)

2148 Nels Lake Rd, Ely, MN 55731

Refinance Your Home
Currently Off Market - Sold Dec 23, 2020 for $265,000

Home Value

Trulia Estimate
$405K
Since last month
Increased$11K (+2.9%)
Since last year
Decreased$5K (-1.3%)
Since last sale
Increased$138K (+52.2%)
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 +43% in the last 10 years
MonthEstimated value
2026
August 2026$403K
July 2026$392K
June 2026$404K
May 2026$409K
April 2026$395K
March 2026$394K
February 2026$384K
January 2026$380K
2025
2024
2023
2022
2021
2020

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
3784 Fenske Lake Rd Unit 5, Ely, MN
1.40
Single-Family Home
$310,000
06/12/26
2
2
967
4194 First Lake Rd, Ely, MN
0.71
Single-Family Home
$129,000
11/13/25
1
-
280
1736 N Grassy Rd, Ely, MN
2.04
Single-Family Home
$335,000
10/01/25
2
1
760
2151 Echo Tr, Ely, MN
3.35
Single-Family Home
$135,000
12/05/25
1
-
480
1875 Echo Trl, Ely, MN
4.29
Single-Family Home
$450,000
08/03/26
2
1
1,008
3422 North Arm Rd, Ely, MN
4.86
Single-Family Home
$1,075,000
02/13/26
3
2
2,862
1475 Echo Tr, Ely, MN
5.14
Single-Family Home
$272,500
06/30/26
1
1
1,160
2230 Passi Rd, Ely, MN
4.76
Single-Family Home
$600,000
07/23/26
2
1
1,008
1883 Lindbeck Rd, Ely, MN
5.40
Single-Family Home
$725,000
01/12/26
4
4
2,628
1918 Pine Tree Tr, Ely, MN
5.57
Single-Family Home
$1,078,500
01/13/26
4
3
4,300

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
4194 First Lake Rd, Ely, MN 55731
0.71
$129,000
1
-
280
Recently Sold
TBD Echo Tr, Ely, MN 55731
0.84
-
-
-
-
Off Market
xxx Echo Tr, Ely, MN 55731
0.86
-
-
-
-
Off Market
3811 Fenske Lake Rd Unit 1, Ely, MN 55731
1.39
$389,000
3
1
1,120
For Sale
3801 Fenske Lake Rd Unit 4, Ely, MN 55731
1.39
$349,000
2
1
630
For Sale
3803 Fenske Lake Rd Unit 3, Ely, MN 55731
1.40
$305,000
1
1
530
For Sale
3784 Fenske Lake Rd Unit 5, Ely, MN 55731
1.40
$310,000
2
2
967
Recently Sold
TBD N Grass Lake Rd, Ely, MN 55731
1.41
-
-
-
-
Off Market
3775 Fenske Lake Rd Unit 7, Ely, MN 55731
1.44
$349,000
2
1
690
For Sale
TBD N Grass Lake Rd, Ely, MN 55731
1.50
-
-
-
-
Off Market
TBD N Grass Lake Rd, Ely, MN 55731
1.52
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 2148 Nels Lake Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2008
Lot Size
20 acres
Living Area
2,528 sqft
Price/Sqft
$160

About this House

This single-family home is located at 2148 Nels Lake Rd, Ely, MN. 2148 Nels Lake Rd is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 2 bathrooms and approximately 2,528 sqft of floor space. This property has a lot size of 20.00 acres and was built in 2008.
2148 Nels Lake Rd, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 2,528 sqft single-family home built in 2008. It last sold for $265,000 on Dec 23, 2020. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $405,400, with a rent estimate of $2,776/month.

Home Details for 2148 Nels Lake Rd

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Interior Details
Types of Rooms: Dining Room
Appliances & Utilities
Refrigerator

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Wood

Property Information

Year Built
Year Built: 2008
Property Type / Style
Property Type: Single Family Home

Lot Information

Lot Area: 20.00 acres

Price and Tax history

DateEventPrice
Dec 23, 2020
Source: NorthstarMLS as distributed by MLS GRID #5610644
Sold
$265,000
Nov 23, 2020
Source: Agent Provided
Pending
$279,500
Sep 21, 2020
Source: Agent Provided
PriceChange
$279,500
Price decreased by 4%
Jun 18, 2020
Source: Agent Provided
Listed For Sale
$289,900
Jun 28, 2016
Source: NorthstarMLS as distributed by MLS GRID #4657588
Sold
$135,460

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
    Flag
  • 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 2148 Nels Lake Rd

  • What is 2148 Nels Lake Rd estimated to be worth?
    Trulia's estimated value for 2148 Nels Lake Rd in Ely, MN is $405,400.
  • What is the price history for 2148 Nels Lake Rd?
    2148 Nels Lake Rd in Ely, MN last sold for $265,000 in December 2020.
  • 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 2148 Nels Lake Rd?
    The lot at 2148 Nels Lake Rd in Ely, MN is about 20 acres.

Apartments for Rent

Skip to last item
  • Results are loading
Skip to first item

Off Market Homes Near 2148 Nels Lake Rd

Skip to last item
Skip to first item

Homes for sale near 2148 Nels Lake Rd

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item