3501 E Lake Four Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

3501 E Lake Four Rd
Ely, MN 55731

  • 3 Beds
  • 2 Baths
  • 1,586 sqft (on 10.50 acres)

$539,300

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $3,258/mo*
Refinance Your Home

$539,300

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $3,258/mo*
Refinance Your Home
3 Beds
2 Baths
1,586 sqft
(on 10.50 acres)

Local Information

  • Map ViewExplore the area around 3501 E Lake Four Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1969
Lot Size
10.5 acres
Living Area
1,586 sqft
Price/Sqft
$340
Parking
Garage

About this House

Secluded Lake Home At End Of Road, Adjoining Hundreds Of Acres Of State Land, Then Bear Head Lake State Park, Private Bay, Private Gradual Lot W/Towering Pines, Beautiful Views! Close to town, set on apx 10.5 acres & 770ft shoreline on the clear waters of Eagles Nest Lake 4, opposite shoreline pristine wilderness. 2,474 SF, 3B/2B home w/2 fireplaces, main floor bedroom & bath, sunroom w/glowing wood floors, glassed livingroom offers lots of natural light. Full dry basement w/high ceilings could be workshop, fam rm, addl bedrm. Coverd entry, private park like yard, dock, County approved septic, 2 stall garage plus workshop, 32 x 32 yr rnd guest cabin w/covered patio, wood shed, storage bldg, historic log cabin sauna by the lake! Click on link to view 3D Tour!
3501 E Lake Four Rd, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 1,586 sqft single-family home built in 1969. It last sold for $300,000 on Aug 1, 2018 (19% below the $369,500 asking price). It is currently off market. The Trulia Estimate is $539,300, with a rent estimate of $2,087/month.

Home Details for 3501 E Lake Four Rd

Interior Features

Interior Details
Basement: FullNumber of Rooms: 7Types of Rooms: Bedroom, Dining Room, Family Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 1586 Square FeetFoundation Area: 888
Appliances & Utilities
Utilities: Phone ConnectedAppliances: Water Heater-Electric, Dryer, Exhaust Fan, Range, RefrigeratorDryerLaundry: Washer HookupRefrigerator
Heating & Cooling
Heating: Baseboard,Dual Fuel/Off Peak,Wood,Propane,ElectricNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
Fireplace: GasHas a Fireplace
Gas & Electric
Electric: Minnesota Power
Windows, Doors, Floors & Walls
Flooring: Hardwood Floors
Levels, Entrance, & Accessibility
Number of Stories: 2Floors: Hardwood Floors
View
Has a ViewView: Inland Lake, Panoramic

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: PorchVegetation: Heavily WoodedOther Structures: Barn(s), Chicken Coop/Barn, SaunaExterior: DockFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Gravel,Detached
Frontage
WaterfrontWaterfront: Inland Lake, Shoreline Characteristics(Gravel)On Waterfront
Water & Sewer
Sewer: Private SewerWater Body: Eagles Nest 4
Farm & Range
Frontage Length: 770
Finished Area
Finished Area (above surface): 1586 Square Feet

Days on Market

Cumulative Days on Market: 557

Property Information

Year Built
Year Built: 1969
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 317011000010, 20, 30, 001004070

Price & Status

Price
List Price: $369,500
Status Change & Dates
Off Market Date: Tue Jul 03 2018

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

Lot Information

Lot Area: 10.5 Acres

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6032468Water ViewWater View: LakeAbove Grade Unfinished Area: 1586
Last check for updates: about 2 hours ago
Listed by Lisa Janisch, (218) 780-6644
Janisch Realty Inc.
Bought with: Lisa Janisch, (218) 780-6644, Janisch Realty Inc.
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6032468

Price History for 3501 E Lake Four Rd

DatePriceEventSource
08/01/2018$300,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6032468

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Comparable Sales for 3501 E Lake Four Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1346 Bear Head State Park Rd, Ely, MN
0.57
Single-Family Home
$140,000
04/13/26
1
-
288
3806 Dorem Dr, Ely, MN
1.73
Single-Family Home
$250,000
07/24/26
2
1
720
3819 Dorem Dr, Ely, MN
1.77
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
1859 Bobence Rd, Ely, MN
1.94
Single-Family Home
$420,000
06/22/26
3
3
1,532
1531 Bear Head State Park Rd, Ely, MN
2.03
Single-Family Home
$335,000
07/17/26
1
1
1,056
1755 Bradach Rd, Ely, MN
1.66
Single-Family Home
$260,000
07/08/26
1
1
694
3810 Mud Creek Rd, Ely, MN
2.44
Single-Family Home
$110,000
05/06/26
2
-
840

Nearby homes

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Assigned Schools

These are the assigned schools for 3501 E Lake Four Rd.

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
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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
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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
    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
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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 3501 E Lake Four Rd

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Off Market Homes Near 3501 E Lake Four Rd

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Frequently asked questions about 3501 E Lake Four Rd

  • What is 3501 E Lake Four Rd estimated to be worth?
    Trulia's estimated value for 3501 E Lake Four Rd in Ely, MN is $539,300.
  • What is the price history for 3501 E Lake Four Rd?
    3501 E Lake Four Rd in Ely, MN last sold for $300,000 in August 2018.
  • 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 3501 E Lake Four Rd have laundry facilities?
    Yes, 3501 E Lake Four Rd in Ely, MN has laundry facilities.
  • How big is the lot at 3501 E Lake Four Rd?
    The lot at 3501 E Lake Four Rd in Ely, MN is about 10.5 acres.
Based on information submitted to the MLS GRID as of 2026-08-10 05:02:25 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