2401 Highway 1, Ely, MN 55731
Property image
Property image
OFF MARKET

2401 Highway 1
Ely, MN 55731

  • 3 Beds
  • 2 Baths
  • 1,327 sqft (on 6.76 acres)

$298,400

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $1,866/mo*
Refinance Your Home

$298,400

Trulia Estimate
as of Aug 24, 2026
Est. Refi. Payment $1,866/mo*
Refinance Your Home
3 Beds
2 Baths
1,327 sqft
(on 6.76 acres)

Home Value

Trulia Estimate
$298K
Since last month
Increased$5K (+1.6%)
Since last year
Increased$15K (+5.2%)
Since last sale
Increased$169K (+127.3%)
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 +147% in the last 10 years
MonthEstimated value
2026
August 2026$301K
July 2026$297K
June 2026$301K
May 2026$292K
April 2026$289K
March 2026$280K
February 2026$264K
January 2026$260K
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
1510 E Conan St, Ely, MN
0.26
Single-Family Home
$150,000
09/09/25
3
2
1,214
1419 E Chapman St, Ely, MN
0.42
Single-Family Home
$249,000
07/29/26
3
1.5
1,480
124 S 14th Ave E, Ely, MN
0.31
Single-Family Home
$210,000
10/09/25
3
1
1,186
1027 E Chapman St, Ely, MN
0.53
Single-Family Home
$180,500
10/15/25
4
2
1,496
1127 E Chapman St, Ely, MN
0.49
Single-Family Home
$190,000
08/29/25
2
1.5
1,138
638 E James St, Ely, MN
0.64
Single-Family Home
$230,000
05/01/26
3
1.5
1,350
712 E Pattison St, Ely, MN
0.61
Single-Family Home
$249,900
05/29/26
3
2
1,170
1135 E Harvey St, Ely, MN
0.44
Single-Family Home
$112,000
05/11/26
2
1
1,250
1029 E White St, Ely, MN
0.41
Single-Family Home
$120,000
12/12/25
2
1
2,166
628 E Boundary St, Ely, MN
0.65
Single-Family Home
$230,000
09/10/25
3
2
1,644

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
xx Highway 1, Ely, MN 55731
0.21
-
-
-
-
Off Market
230 S 16th Ave E, Ely, MN 55731
0.23
$269,300
3
2
1,900
Off Market
1435 E White St, Ely, MN 55731
0.25
$321,300
3
2
1,880
Off Market
207 S 17TH ST, Ely, MN 55731
0.27
$194,900
2
1
860
Off Market
112 S 16th Ave, Ely, MN 55731
0.31
$239,400
3
2
1,040
Off Market
124 S 14th Ave E, Ely, MN 55731
0.31
$214,600
3
1
1,186
Off Market
1602 E Harvey St, Ely, MN 55731
0.32
$274,600
3
1.5
1,560
Off Market
1512 E Harvey St, Ely, MN 55731
0.32
$269,200
4
2
2,152
Off Market
TBD Highway 1, Ely, MN 55731
0.42
-
-
-
-
Off Market
1029 E White St, Ely, MN 55731
0.41
$120,000
2
1
2,166
Recently Sold
1419 E Chapman St, Ely, MN 55731
0.42
$249,000
3
1.5
1,480
Recently Sold

Local Information

  • Map ViewExplore the area around 2401 Highway 1.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1965
Lot Size
6.76 acres
Living Area
1,327 sqft
Price/Sqft
$225
Parking
Garage

About this House

This single-family home is located at 2401 Highway 1, Ely, MN. 2401 Highway 1 is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 2 bathrooms and approximately 1,327 sqft of floor space. This property has a lot size of 6.76 acres and was built in 1965.
2401 Highway 1, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 1,327 sqft single-family home built in 1965. It last sold for $132,500 on Mar 31, 2017. It is currently off market. The Trulia Estimate is $298,400, with a rent estimate of $2,033/month.

Home Details for 2401 Highway 1

Interior Features

Interior Details
Basement
Levels, Entrance, & Accessibility
Stories: 2
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace

Property Information

Year Built
Year Built: 1965
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
Exterior: Other
Parking & Garage
GarageParking: Garage Detached

Community

Units in Building: 500

Lot Information

Lot Area: 6.76 acres

Price and Tax history

DateEventPrice
Mar 31, 2017
Source: Lake Superior Area Realtors as distributed by MLS GRID #2309306
Sold
$132,500
Sep 15, 2016
Source: Agent Provided
Pending
$129,900
Aug 15, 2016
Source: Agent Provided
PriceChange
$129,900
Price decreased by 16%
Jul 26, 2016
Source: Agent Provided
PriceChange
$154,900
Price decreased by 9%
Mar 1, 2016
Source: Agent Provided
PriceChange
$169,900
Price decreased by 3%

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 2401 Highway 1

  • What is 2401 Highway 1 estimated to be worth?
    Trulia's estimated value for 2401 Highway 1 in Ely, MN is $298,400.
  • What is the price history for 2401 Highway 1?
    2401 Highway 1 in Ely, MN last sold for $132,500 in March 2017.
  • 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 2401 Highway 1 have air conditioning?
    Yes, 2401 Highway 1 in Ely, MN has air conditioning.
  • How big is the lot at 2401 Highway 1?
    The lot at 2401 Highway 1 in Ely, MN is about 6.8 acres.

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