Is there wildlife in Ely, MN?

As of early 2026, 93% of users say there's wildlife

Do kids play outside in Ely, MN?

As of early 2026, 90% of users say kids play outside

Is a car needed in Ely, MN?

As of early 2026, 89% of users say car is needed

Is parking easy in Ely, MN?

As of early 2026, 88% of users say parking is easy

As of early 2026, 86% of users say it's quiet

Are yards well-kept in Ely, MN?

As of early 2026, 83% of users say yards are well-kept

Is Ely, MN dog-friendly?

As of early 2026, 83% of users say it's dog friendly

Does Ely, MN show holiday spirit?

As of early 2026, 80% of users say there's holiday spirit

Would people walk alone at night in Ely, MN?

As of early 2026, 78% of users say people would walk alone at night

Is Ely, MN walkable to restaurants?

As of early 2026, 77% of users say it's walkable to restaurants

Does Ely, MN have sidewalks?

As of early 2026, 75% of users say there are sidewalks

Are the streets well-lit in Ely, MN?

As of early 2026, 73% of users say streets are well-lit

Are neighbors friendly in Ely, MN?

As of early 2026, 72% of users say neighbors are friendly

Is Ely, MN walkable to grocery stores?

As of early 2026, 69% of users say it's walkable to grocery stores

Are there community events in Ely, MN?

As of early 2026, 45% of users say there are community events

Do residents of Ely, MN plan to stay at least 5 years?

As of early 2026, 36% of users say they plan to stay for at least 5 years

What is 3242 Wolf Lake Rd estimated to be worth?

Trulia's estimated value for 3242 Wolf Lake Rd in Ely, MN is $952,600 .

What is the price history for 3242 Wolf Lake Rd?

3242 Wolf Lake Rd in Ely, MN last sold for $743,000 in September 2021.

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 3242 Wolf Lake Rd have air conditioning?

Yes, 3242 Wolf Lake Rd in Ely, MN has air conditioning.

Does 3242 Wolf Lake Rd have laundry facilities?

Yes, 3242 Wolf Lake Rd in Ely, MN has in-unit laundry.

OFF MARKET

3242 Wolf Lake Rd
Ely, MN 55731

3 Beds
3 Baths
2,760 sqft (on 33 acres)

$952,600

Trulia Estimate

as of Aug 14, 2026

Est. Refi. Payment $5,786/mo*

Refinance Your Home

$952,600

Trulia Estimate

as of Aug 14, 2026

Est. Refi. Payment $5,786/mo*

Refinance Your Home

3 Beds

3 Baths

2,760 sqft

(on 33 acres)

Home Value

Trulia Estimate

$953K

Since last month

$4K (-0.4%)

Since last year

$36K (+3.9%)

Since last sale

$213K (+28.7%)

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 +91% in the last 10 years

Month	Estimated value
2026
August 2026	$956K
July 2026	$970K
June 2026	$960K
May 2026	$944K
April 2026	$930K
March 2026	$933K
February 2026	$913K
January 2026	$905K
2025
December 2025	$907K
November 2025	$911K
October 2025	$922K
September 2025	$913K
August 2025	$919K
July 2025	$920K
June 2025	$895K
May 2025	$901K
April 2025	$890K
March 2025	$880K
February 2025	$854K
January 2025	$855K
2024
December 2024	$853K
November 2024	$864K
October 2024	$865K
September 2024	$868K
August 2024	$867K
July 2024	$870K
June 2024	$876K
May 2024	$877K
April 2024	$864K
March 2024	$863K
February 2024	$840K
January 2024	$838K
2023
December 2023	$833K
November 2023	$827K
October 2023	$831K
September 2023	$838K
August 2023	$833K
July 2023	$827K
June 2023	$830K
May 2023	$816K
April 2023	$832K
March 2023	$862K
February 2023	$866K
January 2023	$852K
2022
December 2022	$854K
November 2022	$846K
October 2022	$856K
September 2022	$852K
August 2022	$850K
July 2022	$837K
June 2022	$832K
May 2022	$844K
April 2022	$808K
March 2022	$809K
February 2022	$782K
January 2022	$779K
2021
December 2021	$767K
November 2021	$757K
October 2021	$752K
September 2021	$752K
August 2021	$738K
July 2021	$750K
June 2021	$750K
May 2021	$624K
April 2021	$608K
March 2021	$608K
February 2021	$607K
January 2021	$604K
2020
December 2020	$599K
November 2020	$587K
October 2020	$572K
September 2020	$566K
August 2020	$563K
July 2020	$558K
June 2020	$556K
May 2020	$551K
April 2020	$553K
March 2020	$563K
February 2020	$564K
January 2020	$547K
2019
December 2019	$543K
November 2019	$541K
October 2019	$539K
September 2019	$537K
August 2019	$538K
July 2019	$532K
June 2019	$535K
May 2019	$534K
April 2019	$529K
March 2019	$515K
February 2019	$504K
January 2019	$505K
2018
December 2018	$499K
November 2018	$500K
October 2018	$509K
September 2018	$505K
August 2018	$506K
July 2018	$505K
June 2018	$505K
May 2018	$504K
April 2018	$502K
March 2018	$507K
February 2018	$510K
January 2018	$506K
2017
December 2017	$506K
November 2017	$516K
October 2017	$520K
September 2017	$516K
August 2017	$507K
July 2017	$490K
June 2017	$512K
May 2017	$519K
April 2017	$518K
March 2017	$514K
February 2017	$510K
January 2017	$510K
2016
December 2016	$500K
November 2016	$503K
October 2016	$506K
September 2016	$506K
August 2016	$502K

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
2375 Viste Point Rd, Ely, MN	0.33	Single-Family Home	$900,000	04/01/26	3	2	2,706
2375 Visti Point Rd, Ely, MN	0.33	Single-Family Home	$900,000	04/24/26	3	2	1,488
1859 Bobence Rd, Ely, MN	2.84	Single-Family Home	$420,000	06/22/26	3	3	1,532
2102 Twin Lakes Rd, Ely, MN	3.23	Single-Family Home	$109,864	12/29/25	3	2	2,172
1675 Bradach Rd, Ely, MN	3.82	Single-Family Home	$780,000	08/12/26	3	2	1,916
3819 Dorem Dr, Ely, MN	4.27	Single-Family Home	$798,500	06/10/26	2	2.5	1,774
2796 Clayton Rd, Ely, MN	4.21	Single-Family Home	$665,000	01/30/26	3	2	1,296
1755 Bradach Rd, Ely, MN	3.19	Single-Family Home	$260,000	07/08/26	1	1	694
3806 Dorem Dr, Ely, MN	4.44	Single-Family Home	$250,000	07/24/26	2	1	720
1739 Bear Head State Park Rd, Ely, MN	4.54	Single-Family Home	$265,000	06/09/26	2	1	1,346

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
XXX Wolf Lake Rd, Ely, MN 55731	0.17	-	-	-	-	Off Market
3231 Wolf Lake Rd, Ely, MN 55731	0.19	$3,591,300	5	5	5,250	Off Market
Wolf Lake Rd, Ely, MN 55731	0.22	-	-	-	-	Off Market
3168 Wolf Lake Rd, Ely, MN 55731	0.23	-	-	-	-	Off Market
xxx Wolf Lake Rd, Ely, MN 55731	0.30	-	-	-	-	Off Market
2375 Viste Point Rd, Ely, MN 55731	0.33	$900,000	3	2	2,706	Recently Sold
3297 Aspen Ln, Ely, MN 55731	0.42	$224,000	3	1	560	For Sale
2296 Balsam Ln, Ely, MN 55731	0.77	-	-	-	-	Off Market
TBD Wolf Lake Rd, Ely, MN 55731	0.78	-	-	-	-	Off Market
2130 Wolf Creek Pass, Ely, MN 55731	0.87	$375,300	2	1	832	Off Market
Highway 169, Ely, MN 55731	0.90	-	-	-	-	Off Market

Local Information

Map ViewExplore the area around 3242 Wolf Lake Rd.

-- mins to

Commute Destination

Home Highlights

Property Type

Single-Family Home

Year Built

2003

Lot Size

33 acres

Living Area

2,760 sqft

Price/Sqft

$345

Parking

Garage

About this House

This single-family home is located at 3242 Wolf Lake Rd, Ely, MN. 3242 Wolf Lake Rd is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 3 bathrooms and approximately 2,760 sqft of floor space. This property has a lot size of 33.00 acres and was built in 2003.

3242 Wolf Lake Rd, Ely, MN 55731 is a 3 bedroom, 3 bathroom, 2,760 sqft single-family home built in 2003. It last sold for $743,000 on Sep 17, 2021. It is currently off market. The Trulia Estimate is $952,600, with a rent estimate of $2,942/month.

Home Details for 3242 Wolf Lake Rd

Interior Features
Interior Details BasementAdditional StorageTypes of Rooms: Dining RoomStorage
Heating & Cooling Heating: BaseboardAir ConditioningCooling System: CentralHeating Fuel: Baseboard
Levels, Entrance, & Accessibility Stories: 1Floors: Tile, Hardwood
Appliances & Utilities DishwasherDryerMicrowaveRefrigeratorWasher
Fireplace & Spa Fireplace

Exterior Features
Exterior Home Features Roof: AsphaltDeckExterior: WoodPorch
Parking & Garage GarageParking Spaces: 4Parking: Garage Detached

Property Information
Year Built Year Built: 2003
Property Type / Style Property Type: Single Family Home

Community
Units in Building: 1

Lot Information
Lot Area: 33.00 acres

Price and Tax history

Date	Event	Price
Sep 17, 2021 Source: Lake Superior Area Realtors as distributed by MLS GRID #6097298	Sold	$743,000
Jul 18, 2021 Source: Lake Superior Area Realtors as distributed by MLS GRID #6097298	Pending	$750,000
Jun 19, 2021 Source: Lake Superior Area Realtors as distributed by MLS GRID #6097298	Contingent	$750,000
Jun 3, 2021 Source: Lake Superior Area Realtors as distributed by MLS GRID #6097298	Listed For Sale	$750,000
Apr 11, 2018 Source: Lake Superior Area Realtors as distributed by MLS GRID #6030137	Sold	$500,000
Apr 11, 2018 Source: Agent Provided	PendingToActive	$538,500
Mar 9, 2018 Source: Agent Provided	Pending	$538,500
Jul 29, 2016 Source: Agent Provided	Listed For Sale	$538,500
Feb 26, 2015 Source: Agent Provided	ListingRemoved	$649,000
Jun 13, 2014 Source: Agent Provided	Listed For Sale	$649,000
Oct 17, 2012 Source: Agent Provided	ListingRemoved	$512,000
Oct 11, 2012 Source: Agent Provided	Listed For Sale	$512,000
Jun 3, 2009 Source: N/A	Sold	$410,000
Dec 19, 2001 Source: N/A	Sold	$99,500

Year	Property tax	Tax assessment
2024	$6,698	$800,900

Market trends in Ely

Last updated July 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

2MoM

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Additional Cost

Around this home

Washington Elementary School
PK-5
Public
201 Students
Ely Public School District
6/10
GreatSchools Rating
Parent Rating Average
Excellent community involvement and it's a great school for K-1. It gets spotty after that. The district has had a revolving door of superintendents for a number of years. Major problems with a few staff and the school board. The test scores reflect such.
Parent Review
11y ago
20 Reviews

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
Resident
1y ago
"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
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Derek H.
Resident
6y ago
"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.
Resident
6y ago
"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.
Resident
6y ago
"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
Resident
6y ago
"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.
Resident
7y ago
"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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LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 3242 Wolf Lake Rd

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2.83 ACRES
$224,000
3 bd
1 ba
560 sqft
3297 Aspen Ln,
Ely, MN 55731
Jerry Fink, Canoe Capital Realty, LLC
20.9 ACRES
$2,450,000
6 bd
3.5 ba
2,146 sqft
2928 Waters Island,
Ely, MN 55731
Lisa Janisch, Janisch Realty Inc.
15.6 ACRES
$1,585,000
6 bd
3.5 ba
2,146 sqft
X Waters Island,
Ely, MN 55731
Lisa Janisch, Janisch Realty Inc.
12.2 ACRES
$1,490,000
3 bd
1 ba
1,122 sqft
2889 Waters Is,
Ely, MN 55731
Z'Up North Realty, Inc.
12.2 ACRES
$1,490,000
3 bd
1 ba
1,122 sqft
2763 Van Vac Rd,
Ely, MN 55731
Andrea Zupancich, Z' Up North Realty
200 ACRES
$779,000
2 bd
1 ba
900 sqft
2538 Martilla Rd,
Ely, MN 55731
Patricia Bulinski, Bear Island Realty LLC
19.7 ACRES
$1,985,500
3 bd
3 ba
3,710 sqft
2713 Burntside Lake,
Ely, MN 55731
Lisa Janisch, Janisch Realty Inc.
5.5 ACRES
$995,000
4 bd
3 ba
4,872 sqft
2445 Reed Rd,
Ely, MN 55731
Lori Schulze, Keller Williams Classic Realty NW - Ely
1.95 ACRES
$529,000
2 bd
837 sqft
2854 Blueberry Island,
Ely, MN 55731
Patricia Bulinski, Bear Island Realty LLC
11.5 ACRES
$379,000
1 bd
1 ba
720 sqft
2331-1 Old Hwy,
Ely, MN 55731
Janisch Realty, Inc
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Off Market Homes Near 3242 Wolf Lake Rd

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SOLD
AUG 12, 2026
$780,000
3 bd
2 ba
1,916 sqft
1675 Bradach Rd,
Ely, MN 55731
Lori Schulze, Keller Williams Classic Realty NW - Ely
SOLD
JUN 10, 2026
$798,500
2 bd
2.5 ba
1,774 sqft
3819 Dorem Dr,
Ely, MN 55731
Lisa Janisch, Janisch Realty Inc.
SOLD
APR 24, 2026
$900,000
3 bd
2 ba
1,488 sqft
2375 Visti Point Rd,
Ely, MN 55731
SOLD
APR 1, 2026
$900,000
3 bd
2 ba
2,706 sqft
2375 Viste Point Rd,
Ely, MN 55731
Riley Lind, eXp Realty, LLC- MN
SOLD
JAN 30, 2026
$665,000
3 bd
2 ba
1,296 sqft
2796 Clayton Rd,
Ely, MN 55731
Chris Eilrich, Wildwoods Land Company
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Ely
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Frequently asked questions about 3242 Wolf Lake Rd

What is 3242 Wolf Lake Rd estimated to be worth?
Trulia's estimated value for 3242 Wolf Lake Rd in Ely, MN is $952,600.
What is the price history for 3242 Wolf Lake Rd?
3242 Wolf Lake Rd in Ely, MN last sold for $743,000 in September 2021.
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 3242 Wolf Lake Rd have air conditioning?
Yes, 3242 Wolf Lake Rd in Ely, MN has air conditioning.
Does 3242 Wolf Lake Rd have laundry facilities?
Yes, 3242 Wolf Lake Rd in Ely, MN has in-unit laundry.

3242 Wolf Lake Rd
Ely, MN 55731

$952,600

$952,600