2531 Leo Ln
Ely, MN 55731
3 Beds
3.5 Baths
3,000 sqft (on 1.10 acres)
3 Beds
3.5 Baths
3,000 sqft
(on 1.10 acres)
Home Value
Trulia Estimate
$927KSince last month
Decreased$15K (-1.6%)Since last year
Increased$38K (+4.3%)Since last sale
Increased$418K (+81.9%)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 +66% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $928K |
| July 2026 | $943K |
| June 2026 | $945K |
| May 2026 | $939K |
| April 2026 | $936K |
| March 2026 | $933K |
| February 2026 | $936K |
| January 2026 | $906K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
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 |
|---|---|---|---|---|---|---|---|
1.59 | Single-Family Home | $420,000 | 06/30/26 | 3 | 2 | 975 | |
1.31 | Single-Family Home | $230,500 | 05/22/26 | 1 | 1 | 656 | |
1.69 | Single-Family Home | $384,000 | 09/19/25 | 3 | 1 | 675 | |
1.39 | Single-Family Home | $2,300,000 | 11/07/25 | 3 | 2 | 672 | |
4.03 | Single-Family Home | $570,000 | 06/05/26 | 2 | 2 | 2,518 | |
3.43 | Single-Family Home | $75,000 | 12/10/25 | 1 | - | 280 | |
4.13 | Single-Family Home | $316,666 | 11/06/25 | 2 | - | 840 |
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 |
|---|---|---|---|---|---|---|
0.11 | $156,100 | 1 | - | 960 | Off Market | |
0.28 | $999,900 | 3 | 3 | 3,005 | For Sale | |
0.36 | $519,900 | 3 | 2 | 2,000 | For Sale | |
0.43 | - | - | - | - | Off Market | |
0.46 | $865,500 | 4 | 3 | 3,664 | Off Market | |
0.45 | $850,000 | 3 | 2 | 1,904 | For Sale | |
0.51 | - | - | - | - | Off Market | |
0.62 | - | - | - | - | Off Market | |
0.66 | $621,800 | 3 | 2 | 2,404 | Off Market | |
0.79 | - | - | - | - | Off Market | |
1.31 | $230,500 | 1 | 1 | 656 | Recently Sold | |
1.43 | - | - | - | - | Off Market |
Local Information
- Map ViewExplore the area around 2531 Leo Ln.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1997
Lot Size
1.1 acres
Living Area
3,000 sqft
Price/Sqft
$309
Parking
Garage
About this House
This single-family home is located at 2531 Leo Ln, Ely, MN. 2531 Leo Ln is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 4 bathrooms and approximately 3,000 sqft of floor space. This property has a lot size of 1.10 acres and was built in 1997.
2531 Leo Ln, Ely, MN 55731 is a 3 bedroom, 4 bathroom, 3,000 sqft single-family home built in 1997. It last sold for $510,000 on Jun 22, 2012. It is currently off market. The Trulia Estimate is $927,300, with a rent estimate of $3,488/month.
Home Details for 2531 Leo Ln
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Interior Details BasementAtticTypes of Rooms: Walk In Closet, Dining Room, Family Room, Laundry Room, Master Bath, Mud Room, Office, Recreation Room, Workshop, Sun Room |
Levels, Entrance, & Accessibility Stories: 1.7000000476837158Floors: Carpet, Concrete, Hardwood, Linoleum Vinyl |
Appliances & Utilities DishwasherDisposalDryerMicrowaveRefrigeratorWasher |
Fireplace & Spa Fireplace |
Windows, Doors, Floors & Walls Double Paned Windows |
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Exterior Home Features Roof: Shake ShingleDeckLawnPorch |
Parking & Garage GarageParking: Garage Detached |
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Year Built Year Built: 1997 |
Property Type / Style Property Type: Single Family HomeArchitecture: Loft |
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Lot Area: 1.10 acres |
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RV Parking Rv Parking |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jun 22, 2012 Source: Lake Superior Area Realtors as distributed by MLS GRID #1908539 | Sold | $510,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $7,319 | $948,800 |
Home facts updated by county records
Market trends in Ely
Last updated July 2026
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Frequently asked questions about 2531 Leo Ln
- What is 2531 Leo Ln estimated to be worth?Trulia's estimated value for 2531 Leo Ln in Ely, MN is $927,300.
- What is the price history for 2531 Leo Ln?2531 Leo Ln in Ely, MN last sold for $510,000 in June 2012.
- 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 2531 Leo Ln have laundry facilities?Yes, 2531 Leo Ln in Ely, MN has in-unit laundry.
- How big is the lot at 2531 Leo Ln?The lot at 2531 Leo Ln in Ely, MN is about 1.1 acres.
Apartments for Rent
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Off Market Homes Near 2531 Leo Ln
SOLDJUN 5, 2026
See more homes for sale inEly
Homes for sale near 2531 Leo Ln
1.2 ACRESKerry F Davis, Canoe Capital Realty, LLC
3 ACRESPaul Norlander, Options Realty
3.85 ACRESPatricia Bulinski, Bear Island Realty LLC
0.7 ACRESPatricia Bulinski, Bear Island Realty LLC- See more homes for sale inEly
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