2340 Reed Ln, Ely, MN 55731
OFF MARKET

2340 Reed Ln
Ely, MN 55731

  • 2 Beds
  • 2 Baths
  • 979 sqft (on 5.07 acres)

$877,100

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $5,251/mo*
Refinance Your Home

$877,100

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $5,251/mo*
Refinance Your Home
2 Beds
2 Baths
979 sqft
(on 5.07 acres)

Local Information

  • Map ViewExplore the area around 2340 Reed 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
2009
Lot Size
5.07 acres
Living Area
979 sqft
Price/Sqft
$896

About this House

This single-family home is located at 2340 Reed Ln, Ely, MN. 2340 Reed Ln is in Ely, MN and in ZIP code 55731. This property has 2 bedrooms, 2 bathrooms and approximately 979 sqft of floor space. This property has a lot size of 5.07 acres and was built in 2009.
2340 Reed Ln, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 979 sqft single-family home built in 2009. It is currently off market. The Trulia Estimate is $877,100, with a rent estimate of $1,766/month.

Home Details for 2340 Reed Ln

Interior Features

Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
In-law unit
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 2009
Property Type / Style
Property Type: Single Family HomeArchitecture: Custom

Exterior Features

Exterior Home Features
DeckExterior: WoodPatio

Community

Units in Building: 1

Lot Information

Lot Area: 5.07 acres

Building

Pool
Sauna

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$7,616
Assessment$787,500
Home facts updated by county records

Comparable Sales for 2340 Reed Ln

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1995 Pine Tree Tr, Ely, MN
1.36
Single-Family Home
$489,400
10/03/25
2
1
911
1984 Grant McMahan Blvd, Ely, MN
1.64
Single-Family Home
$614,000
08/29/25
3
1
912
1984 Grant McMahan Blvd #1984, Ely, MN
1.66
Single-Family Home
$614,000
08/29/25
3
1
912
2796 Clayton Rd, Ely, MN
1.41
Single-Family Home
$665,000
01/30/26
3
2
1,296
1918 Pine Tree Tr, Ely, MN
1.61
Single-Family Home
$1,078,500
01/13/26
4
3
4,300
1883 Lindbeck Rd, Ely, MN
1.80
Single-Family Home
$725,000
01/12/26
4
4
2,628
1852 Grant McMahan Blvd, Ely, MN
2.27
Single-Family Home
$880,000
05/06/26
3
2
2,460
1475 Echo Tr, Ely, MN
2.80
Single-Family Home
$272,500
06/30/26
1
1
1,160
2263 Longstorff Rd, Ely, MN
2.91
Single-Family Home
$510,000
10/06/25
3
2
1,581
2151 Echo Tr, Ely, MN
2.28
Single-Family Home
$135,000
12/05/25
1
-
480

Nearby homes

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Assigned Schools

These are the assigned schools for 2340 Reed 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."
    0
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Apartments for Rent

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Homes for sale near 2340 Reed Ln

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Off Market Homes Near 2340 Reed Ln

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Frequently asked questions about 2340 Reed Ln

  • What is 2340 Reed Ln estimated to be worth?
    Trulia's estimated value for 2340 Reed Ln in Ely, MN is $877,100.
  • 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 2340 Reed Ln?
    The closest schools to 2340 Reed Ln in Ely, MN are Memorial Middle School (rated 7/10), Memorial Secondary (High, rated 9/10), Washington Elementary School (Pre-K, rated 6/10).
  • Does 2340 Reed Ln have air conditioning?
    Yes, 2340 Reed Ln in Ely, MN has air conditioning.
  • How big is the lot at 2340 Reed Ln?
    The lot at 2340 Reed Ln in Ely, MN is about 5.1 acres.