2316 Balsam Ln, Ely, MN 55731
OFF MARKET

2316 Balsam Ln
Ely, MN 55731

  • 3 Beds
  • 2 Baths
  • 896 sqft (on 3.65 acres)

$597,700

Trulia Estimate
as of Jul 31, 2026
Est. Refi. Payment $3,668/mo*
Refinance Your Home

$597,700

Trulia Estimate
as of Jul 31, 2026
Est. Refi. Payment $3,668/mo*
Refinance Your Home
3 Beds
2 Baths
896 sqft
(on 3.65 acres)

Local Information

  • Map ViewExplore the area around 2316 Balsam Ln.
  • 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
3.65 acres
Living Area
896 sqft
Price/Sqft
$667
Parking
Garage

About this House

This single-family home is located at 2316 Balsam Ln, Ely, MN. 2316 Balsam Ln is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 2 bathrooms and approximately 896 sqft of floor space. This property has a lot size of 3.65 acres and was built in 2008.
2316 Balsam Ln, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 896 sqft single-family home built in 2008. It last sold for $449,000 on Jul 12, 2021. It is currently off market. The Trulia Estimate is $597,700, with a rent estimate of $1,622/month.

Home Details for 2316 Balsam Ln

Interior Features

Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1

Property Information

Year Built
Year Built: 2008
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Exterior Features

Exterior Home Features
DeckExterior: WoodPatio
Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 1

Lot Information

Lot Area: 3.65 acres

Price History for 2316 Balsam Ln

DatePriceEventSource
07/12/2021$449,000Sold
N/A
10/31/2013$340,000Sold
N/A

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Property Tax and Assessment

Year2024
Tax$3,550
Assessment$425,900
Home facts updated by county records

Comparable Sales for 2316 Balsam Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2375 Visti Point Rd, Ely, MN
1.12
Single-Family Home
$900,000
04/24/26
3
2
1,488
2375 Viste Point Rd, Ely, MN
1.12
Single-Family Home
$900,000
04/01/26
3
2
2,706
1859 Bobence Rd, Ely, MN
2.01
Single-Family Home
$420,000
06/22/26
3
3
1,532
3622 Wildgate Rd, Ely, MN
2.34
Single-Family Home
$685,000
08/01/25
3
2.5
2,297
1755 Bradach Rd, Ely, MN
2.36
Single-Family Home
$260,000
07/08/26
1
1
694
3819 Dorem Dr, Ely, MN
3.45
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
2102 Twin Lakes Rd, Ely, MN
3.52
Single-Family Home
$109,864
12/29/25
3
2
2,172
1739 Bear Head State Park Rd, Ely, MN
3.75
Single-Family Home
$265,000
06/09/26
2
1
1,346
3806 Dorem Dr, Ely, MN
3.62
Single-Family Home
$250,000
07/24/26
2
1
720
3810 Mud Creek Rd, Ely, MN
3.41
Single-Family Home
$110,000
05/06/26
2
-
840

Nearby homes

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Assigned Schools

These are the assigned schools for 2316 Balsam Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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
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  • 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
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  • 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
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  • 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."
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Apartments for Rent

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Homes for sale near 2316 Balsam Ln

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Off Market Homes Near 2316 Balsam Ln

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