2324 Forest St, Ely, MN 55731
OFF MARKET

$232,100

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 720 sqft

2324 Forest St, Ely, MN 55731

Est. Refi. Payment $1,552/mo*
Refinance Your Home
Currently Off Market - Sold Dec 10, 2005 for $94,000

Home Value

Trulia Estimate
$232K
Since last month
Increased$8K (+3.7%)
Since last year
Increased$14K (+6.6%)
Since last sale
Increased$138K (+146.7%)
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 +236% in the last 10 years
MonthEstimated value
2026
September 2026$232K
August 2026$224K
July 2026$227K
June 2026$228K
May 2026$224K
April 2026$218K
March 2026$209K
February 2026$208K
January 2026$201K
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
36 E Beacon Hill Rd, Ely, MN
0.11
Single-Family Home
$198,000
11/12/25
3
2
1,920
845 E White St, Ely, MN
0.78
Single-Family Home
$108,960
12/22/25
2
1
1,150
45 E Boundary St, Ely, MN
0.44
Single-Family Home
$35,000
10/24/25
3
1
1,134
137 E Boundary St, Ely, MN
0.43
Single-Family Home
$209,000
12/12/25
2
2
1,287
236 Ahola Rd, Ely, MN
0.08
Single-Family Home
$364,000
11/17/25
3
2
2,520
118 E James St, Ely, MN
0.50
Single-Family Home
$275,000
08/03/26
3
1
1,882
940 E Chapman St, Ely, MN
0.95
Single-Family Home
$142,500
06/18/26
3
1
672
1135 E Harvey St, Ely, MN
1.01
Single-Family Home
$112,000
05/11/26
2
1
1,250

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
120 E Ahola Rd, Ely, MN 55731
0.02
$250,500
4
1
1,900
Off Market
236 Ahola Rd, Ely, MN 55731
0.08
$395,300
3
2
2,520
Off Market
112 E Beacon Hill Rd, Ely, MN 55731
0.09
$258,200
2
2
2,080
Off Market
3006 Ahola Rd, Ely, MN 55731
0.09
-
-
-
-
Off Market
31 E Ahola Rd, Ely, MN 55731
0.10
-
-
-
-
Off Market
1105 S 3rd Ave E, Ely, MN 55731
0.12
$243,100
3
1.5
1,632
Off Market
36 E Beacon Hill Rd, Ely, MN 55731
0.11
$201,500
3
2
1,920
Off Market
11 Ahola Rd, Ely, MN 55731
0.13
$413,800
4
2.5
2,367
Off Market
1775 Lookout Rd, Ely, MN 55731
0.14
$262,400
3
1.5
1,120
Off Market
TBD Ahola Rd, Ely, MN 55731
0.18
-
-
-
-
Off Market
40 Allaire St, Ely, MN 55731
0.27
-
-
-
-
Off Market
Xxxx Trygg Rd, Ely, MN 55731
0.34
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 2324 Forest St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
720 sqft
$322/sqft
Garage

About this House

This quaint 4 BR house has a country feel to it but still has the convenience of in-town living. City water & sewer hookups on this large lot w/ large garden & many decorative trees. Home has 2 BRs on main level & 2 large BRs on upper level. Large picture windows in living room and kitchen overlooking the spacious garden and yard. Full basement with new furnace. Over-sized 2-stall garage with work area in back. Large deck on south side of house offers privacy and quiet enjoyment. Brokered And Advertised By: Bear Island Land Co., Inc Listing Agent: Phil Hyde
2324 Forest St, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 720 sqft single-family home. It last sold for $94,000 on Dec 10, 2005. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $232,100, with a rent estimate of $1,288/month.

Home Details for 2324 Forest St

Interior Features

Interior Details
BasementAdditional StorageStorage
Levels, Entrance, & Accessibility
Stories: 1.5
Heating & Cooling
Air ConditioningCooling System: Central

Property Information

Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
Deck
Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 720

Price and Tax history

DateEventPrice
Dec 10, 2005
Source: N/A
Sold
$94,000

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 2324 Forest St

  • What is 2324 Forest St estimated to be worth?
    Trulia's estimated value for 2324 Forest St in Ely, MN is $232,100.
  • What is the price history for 2324 Forest St?
    2324 Forest St in Ely, MN last sold for $94,000 in December 2005.
  • 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 2324 Forest St have air conditioning?
    Yes, 2324 Forest St in Ely, MN has air conditioning.
  • Does 2324 Forest St have a garage?
    Yes, 2324 Forest St in Ely, MN has a garage.

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