2230 Balsam Rd, Ely, MN 55731
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OFF MARKET

$197,500

Trulia Estimate
  • Studio

2230 Balsam Rd, Ely, MN 55731

Est. Refi. Payment $1,306/mo*
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Home Value

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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
2375 Visti Point Rd, Ely, MN
0.78
Single-Family Home
$900,000
04/24/26
3
2
1,488
2375 Viste Point Rd, Ely, MN
0.78
Single-Family Home
$900,000
04/01/26
3
2
2,706
1859 Bobence Rd, Ely, MN
2.29
Single-Family Home
$420,000
06/22/26
3
3
1,532
1755 Bradach Rd, Ely, MN
2.64
Single-Family Home
$260,000
07/08/26
1
1
694
1675 Bradach Rd, Ely, MN
3.27
Single-Family Home
$780,000
08/12/26
3
2
1,916
3810 Mud Creek Rd, Ely, MN
3.60
Single-Family Home
$110,000
05/06/26
2
-
840
2102 Twin Lakes Rd, Ely, MN
3.62
Single-Family Home
$109,864
12/29/25
3
2
2,172
3819 Dorem Dr, Ely, MN
3.70
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
3806 Dorem Dr, Ely, MN
3.87
Single-Family Home
$250,000
07/24/26
2
1
720
1739 Bear Head State Park Rd, Ely, MN
3.96
Single-Family Home
$265,000
06/09/26
2
1
1,346

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
3297 Aspen Ln, Ely, MN 55731
0.20
$224,000
3
1
560
For Sale
2296 Balsam Ln, Ely, MN 55731
0.30
-
-
-
-
Off Market
xxx Wolf Lake Rd, Ely, MN 55731
0.51
-
-
-
-
Off Market
2130 Wolf Creek Pass, Ely, MN 55731
0.56
$376,500
2
1
832
Off Market
XXX Wolf Lake Rd, Ely, MN 55731
0.58
-
-
-
-
Off Market
Wolf Lake Rd, Ely, MN 55731
0.66
-
-
-
-
Off Market
2316 Wolf Lake Rd, Ely, MN 55731
0.64
$713,000
3
2
1,688
Off Market
3231 Wolf Lake Rd, Ely, MN 55731
0.69
$3,564,100
5
5
5,250
Off Market
3168 Wolf Lake Rd, Ely, MN 55731
0.70
-
-
-
-
Off Market
Highway 169, Ely, MN 55731
0.76
-
-
-
-
Off Market
TBD Highway 169, Ely, MN 55731
0.78
-
-
-
-
Off Market
2375 Viste Point Rd, Ely, MN 55731
0.78
$900,000
3
2
2,706
Recently Sold

Local Information

  • Map ViewExplore the area around 2230 Balsam Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home

About this House

State Tax Forfeit Land! Purchase and Own Today!
C22160175
_______________________________________________________________
A shoreland parcel located near the city of Ely on Wolf Lake. This approximately 1.9 acre lot contains nearly 429 feet of frontage and is zoned SMU-7 (Shoreland Mixed-Use), which requires 1 acre and 150 feet of lot width to meet standards. The tree-covered terrain is flat between the lake and cabin, where it rises moderately to Balsam Lane. Utilities are present on the lot. Please contact St. Louis County Planning and Community Development for zoning questions. Lane value $72,500, Appraisal cost $1,475.00. Survey cost $1,257.57. Recording fee $46.00. Abstract

As a condition of sale, improvements value of $53,000.00 must be paid to lessee. Improvements include a +/- 514 sq. ft. cabin and a privy. 465-0000-09180
_____________________________________________________________________________________
Please see the Saint Louis County Tax Forfeited Land Sales website for disclaimer information.

2230 Balsam Rd, Ely, MN 55731 is a studio single-family home. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $197,500, with a rent estimate of $1,767/month.

Home Details for 2230 Balsam Rd

Property Information

Property Type / Style
Property Type: Single Family Home

Price and Tax history

DateEventPrice
Mar 24, 2021
Source: N/A
ListingRemoved
Jul 6, 2017
Source: N/A
ListingRemoved
$128,232
Apr 7, 2017
Source: N/A
Pending
$128,232
Jan 5, 2017
Source: N/A
Listed For Sale
$128,232

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. "
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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
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LGBTQ Local Legal Protections

Frequently asked questions about 2230 Balsam Rd

  • What is 2230 Balsam Rd estimated to be worth?
    Trulia's estimated value for 2230 Balsam Rd in Ely, MN is $197,500.
  • 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 2230 Balsam Rd?
    The closest schools to 2230 Balsam Rd in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).

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