3061 E Arm Rd, Ely, MN 55731
OFF MARKET

3061 E Arm Rd
Ely, MN 55731

  • 4 Beds
  • 3.5 Baths
  • 4,980 sqft (on 1.98 acres)

$1,860,700

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $11,231/mo*
Refinance Your Home

$1,860,700

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $11,231/mo*
Refinance Your Home
4 Beds
3.5 Baths
4,980 sqft
(on 1.98 acres)

Home Value

Trulia Estimate
$1.86M
Since last month
Decreased$23K (-1.2%)
Since last year
Decreased$33K (-1.8%)
Since last sale
Increased$111K (+6.3%)
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 decreased by -7% in the last 10 years
MonthEstimated value
2026
August 2026$1.86M
July 2026$1.79M
June 2026$1.88M
May 2026$1.82M
April 2026$1.84M
March 2026$1.9M
February 2026$1.88M
January 2026$1.94M
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
1883 Lindbeck Rd, Ely, MN
0.53
Single-Family Home
$725,000
01/12/26
4
4
2,628
1918 Pine Tree Tr, Ely, MN
0.68
Single-Family Home
$1,078,500
01/13/26
4
3
4,300
1995 Pine Tree Tr, Ely, MN
1.00
Single-Family Home
$489,400
10/03/25
2
1
911
1475 Echo Tr, Ely, MN
1.15
Single-Family Home
$272,500
06/30/26
1
1
1,160
1984 Grant McMahan Blvd, Ely, MN
1.61
Single-Family Home
$614,000
08/29/25
3
1
912
1984 Grant McMahan Blvd #1984, Ely, MN
1.62
Single-Family Home
$614,000
08/29/25
3
1
912
1852 Grant McMahan Blvd, Ely, MN
1.99
Single-Family Home
$880,000
05/06/26
3
2
2,460
105 N Klondike Dr, Ely, MN
2.73
Single-Family Home
$875,000
11/21/25
3
2.5
2,187

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
3067 East Arm Rd, Ely, MN 55731
0.02
-
-
-
-
Off Market
1883 Lindbeck Rd, Ely, MN 55731
0.53
$725,000
4
4
2,628
Recently Sold
TBD Burntside Lake, Ely, MN 55731
0.55
-
-
-
-
Off Market
xxx Somero Rd, Ely, MN 55731
0.64
-
-
-
-
Off Market
2056 Mollywood Ln, Ely, MN 55731
0.71
$1,495,000
3
2
1,350
For Sale
1918 Pine Tree Tr, Ely, MN 55731
0.68
$1,078,500
4
3
4,300
Recently Sold
TBD Lindbeck Rd, Ely, MN 55731
0.72
$105,000
-
-
-
Recently Sold
TBD Echo Tr, Ely, MN 55731
0.80
-
-
-
-
Off Market
xxx Pine Tree Tr, Ely, MN 55731
0.79
-
-
-
-
Off Market
TBD Burntside Lake Island, Ely, MN 55731
0.83
-
-
-
-
Off Market
1995 Pine Tree Tr, Ely, MN 55731
1.00
$498,100
2
1
911
Off Market

Local Information

  • Map ViewExplore the area around 3061 E Arm Rd.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1997
Lot Size
1.98 acres
Living Area
4,980 sqft
Price/Sqft
$374
Parking
3 Car Garage
HOA
None

About this House

Nestled gracefully along the shores of Burntside Lake, this property merges luxury with the untamed beauty of the Northwoods. The meticulously crafted log home boasts main level living with plenty of additional space to host family or guests. The home showcases a generous wrap-around deck & patio that seamlessly transitions to indoor spaces, ideal for both intimate evenings & grand gatherings. With its westward view, evenings are bathed in golden sunsets with the calls of loons echoing across the waters. At the water's edge, you'll find a Finnish sauna, 150 feet of shoreline, a sandy beach, a pristine lake bottom & a private dock. Sunlight illuminates the remodeled main floor interior, the mature red & white pine trees, gardens & the flat yard, creating the perfect setting for lasting memories. Situated just off the Echo Trail and a quick 13-minute drive to the charming town of Ely, it’s a retreat like no other!
3061 E Arm Rd, Ely, MN 55731 is a 4 bedroom, 4 bathroom, 4,980 sqft single-family home built in 1997. It last sold for $1,750,000 on Aug 5, 2024 (8% below the $1,899,000 asking price). It is currently off market. The Trulia Estimate is $1,860,700, with a rent estimate of $4,173/month.

Home Details for 3061 E Arm Rd

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Daylight,Finished,Full,Concrete,Storage Space,Walk-Out AccessNumber of Rooms: 14Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Primary Bathroom, Bar Wet Bar Room, Dining Room, Family Room, Flex Room, Kitchen, Kitchen 2 Nd, Library, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 2Number of Bathrooms (three quarters): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 4980 Square FeetFoundation Area: 2066
Appliances & Utilities
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer, Wine CoolerDishwasherDisposalDryerLaundry: Electric Dryer Hookup,Laundry Room,Main Level,Washer HookupRefrigeratorWasher
Heating & Cooling
Heating: Baseboard,Forced Air,Fireplace(s)Has CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
Number of Fireplaces: 2Fireplace: Electric, Family Room, Living Room, Stone, Wood Burning
Gas & Electric
Electric: Circuit Breakers, 100 Amp ServiceGas: Electric, Propane
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: None
View
Has a ViewView: Lake, South, West

Exterior Features

Exterior Home Features
Roof: Age 8 Years Or Less AsphaltFencing: NoneOther Structures: Garage(s), Sauna, Storage ShedFoundation: SlabNo Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Other Parking: Garage Dimensions (24x35)No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 3Parking: Attached,Covered,Detached Garage,Gravel,Asphalt,Garage Door Opener,Guest,Storage
Pool
Pool: None
Frontage
WaterfrontWaterfront: Lake Front, Lake Bottom(Rocky, Sand)Road Frontage: No Outlet/Dead End, Private Road, UnimprovedRoad Surface Type: UnimprovedOn Waterfront
Water & Sewer
Sewer: Holding Tank, Mound Septic
Farm & Range
Frontage Length: Water Frontage: 150
Finished Area
Finished Area (above surface): 3190 Square FeetFinished Area (below surface): 1790 Square Feet

Days on Market

Cumulative Days on Market: 215

Property Information

Year Built
Year Built: 1997
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 465020000060

Price & Status

Price
List Price: $1,899,000
Status Change & Dates
Off Market Date: Mon Jul 01 2024

Location

Direction & Address
City: ElyCommunity: Petes Burntside Park Town Of Morse
School Information
High School District: Ely

Building

Building Area
Building Area: 4980 Square Feet

HOA

No HOA

Lot Information

Lot Area: 1.98 Acres

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 6537958Water ViewWater View: LakeAbove Grade Unfinished Area: 3190
Last check for updates: about 12 hours ago
Listed by Abby Andrusko, (612) 581-7787
Keller Williams Realty Integrity Lakes
Bought with: NON-RMLS, Non-MLS
Source: NorthstarMLS as distributed by MLS GRID, MLS#6537958

Price and Tax history

DateEventPrice
Aug 5, 2024
Source: NorthstarMLS as distributed by MLS GRID #6537958
Sold
$1,750,000
Jul 1, 2024
Source: NorthstarMLS as distributed by MLS GRID #6537958
Pending
$1,899,000
May 16, 2024
Source: NorthstarMLS as distributed by MLS GRID #6537958
Listed For Sale
$1,899,000
May 15, 2024
Source: NorthstarMLS as distributed by MLS GRID #6459519
ListingRemoved
Dec 27, 2023
Source: NorthstarMLS as distributed by MLS GRID #6459519
Listed For Sale
$2,000,000

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
    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
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Apartments for Rent

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Homes for sale near 3061 E Arm Rd

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Off Market Homes Near 3061 E Arm Rd

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Frequently asked questions about 3061 E Arm Rd

  • What is 3061 E Arm Rd estimated to be worth?
    Trulia's estimated value for 3061 E Arm Rd in Ely, MN is $1,860,700.
  • What is the price history for 3061 E Arm Rd?
    3061 E Arm Rd in Ely, MN last sold for $1,750,000 in August 2024.
  • 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 3061 E Arm Rd have air conditioning?
    Yes, 3061 E Arm Rd in Ely, MN has air conditioning.
  • Does 3061 E Arm Rd have laundry facilities?
    Yes, 3061 E Arm Rd in Ely, MN has in-unit laundry.
Based on information submitted to the MLS GRID as of 2026-08-13 17:23:07 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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