2502 Leo Ln, Ely, MN 55731
OFF MARKET

2502 Leo Ln
Ely, MN 55731

  • 1 Bed
  • 672 sqft (on 1.90 acres)

$524,000

Trulia Estimate
as of Aug 16, 2026
Est. Refi. Payment $3,216/mo*
Refinance Your Home

$524,000

Trulia Estimate
as of Aug 16, 2026
Est. Refi. Payment $3,216/mo*
Refinance Your Home
1 Bed
672 sqft
(on 1.90 acres)

Home Value

Trulia Estimate
$524K
Since last month
Decreased$14K (-2.5%)
Since last year
Increased$83K (+18.3%)
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 +3% in the last 10 years
MonthEstimated value
2026
August 2026$534K
July 2026$548K
June 2026$548K
May 2026$520K
April 2026$509K
March 2026$494K
February 2026$511K
January 2026$489K
2025
2024
2023

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
14632 Moose Lake Rd, Ely, MN
1.21
Single-Family Home
$230,500
05/22/26
1
1
656
14568 Moose Lake Rd, Ely, MN
1.32
Single-Family Home
$2,300,000
11/07/25
3
2
672
2799 Wolf Track Tr, Ely, MN
1.56
Single-Family Home
$384,000
09/19/25
3
1
675
2779 Wolf Track Tr, Ely, MN
1.47
Single-Family Home
$420,000
06/30/26
3
2
975
14105 Madden Lake Trl, Ely, MN
3.58
Single-Family Home
$75,000
12/10/25
1
-
280
1621 Fernberg Rd, Ely, MN
4.25
Single-Family Home
$316,666
11/06/25
2
-
840
3062 Snowbank Rd, Ely, MN
3.99
Single-Family Home
$570,000
06/05/26
2
2
2,518

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
2510 Leo Ln, Ely, MN 55731
0.11
$158,800
1
-
960
Off Market
14635 Canadian Border Rd, Ely, MN 55731
0.28
$999,900
3
3
3,005
For Sale
14649 Canadian Border Rd, Ely, MN 55731
0.32
$519,900
3
2
2,000
For Sale
14653 & 14655 Hulstrand Rd, Ely, MN 55731
0.40
$850,000
3
2
1,904
For Sale
TBD Canadian Border Rd, Ely, MN 55731
0.40
-
-
-
-
Off Market
2456 Jasper Crk, Ely, MN 55731
0.58
$865,500
4
3
3,664
Off Market
xxx Jasper Creek Rd, Ely, MN 55731
0.63
-
-
-
-
Off Market
XXX Jasper Creek Rd, Ely, MN 55731
0.72
-
-
-
-
Off Market
xxx Bernie's Rd, Ely, MN 55731
0.71
-
-
-
-
Off Market
14511 Canadian Border Rd, Ely, MN 55731
0.79
$621,800
3
2
2,404
Off Market
14632 Moose Lake Rd, Ely, MN 55731
1.21
$230,500
1
1
656
Recently Sold
xxx Moose Lake Rd, Ely, MN 55731
1.33
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 2502 Leo 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
1947
Lot Size
1.9 acres
Living Area
672 sqft
Price/Sqft
$780

About this House

This single-family home is located at 2502 Leo Ln, Ely, MN. 2502 Leo Ln is in Ely, MN and in ZIP code 55731. This property has 1 bedroom and approximately 672 sqft of floor space. This property has a lot size of 1.90 acres and was built in 1947.
2502 Leo Ln, Ely, MN 55731 is a 1 bedroom, 672 sqft single-family home built in 1947. It is currently off market. The Trulia Estimate is $524,000, with a rent estimate of $1,221/month.

Home Details for 2502 Leo Ln

Interior Features

Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
In-law unit

Property Information

Year Built
Year Built: 1947
Property Type / Style
Property Type: Single Family HomeArchitecture: Log Cabin/Rustic

Exterior Features

Exterior Home Features
Exterior: Wood

Community

Units in Building: 1

Lot Information

Lot Area: 1.90 acres

Building

Pool
Sauna

Price and Tax history

YearProperty taxTax assessment
2025
$3,307
$521,300
Home facts updated by county records

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
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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
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  • 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. "
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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 2502 Leo Ln

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Off Market Homes Near 2502 Leo Ln

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Frequently asked questions about 2502 Leo Ln

  • What is 2502 Leo Ln estimated to be worth?
    Trulia's estimated value for 2502 Leo Ln in Ely, MN is $524,000.
  • 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 2502 Leo Ln?
    The closest schools to 2502 Leo Ln in Ely, MN are Minnehaha Elementary School (Pre-K, rated 6/10), Two Harbors Secondary (Middle/High, rated 7/10).
  • How big is the lot at 2502 Leo Ln?
    The lot at 2502 Leo Ln in Ely, MN is about 1.9 acres.