3938 Cedar St, Ely, MN 55731
Property image
Property image
FOR SALE
2 ACRES

$449,900

  • 3 Beds
  • 2 Baths
  • 2,120 sqft (on 2 acres)

3938 Cedar St, Ely, MN 55731

Est. Mortgage $2,880/mo*
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Home Highlights

Single-Family Home
Built in 1979
2 acre lot
$212/sqft
2 Car Garage

Local Information

  • Map ViewExplore the area around 3938 Cedar St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

Beautiful 3-bedroom, 2-bathroom home with 350' of sugar-sand beach lakeshore on Eagles Nest 1 lake in coveted Ely/Tower. Enjoy your very own peninsula so private and serene. Start your day with coffee on the patio or deck enjoying the lake view! It features many upgrades since 2016, including windows, furnace, washer/dryer, and mini-split(s) just to name a few. Call me today for a showing!
Last check for updates: about 3 hours ago
Listing courtesy of Samantha Koivunen
Dane Arthur Real Estate Agency
Source: Range AOR, MLS#150454
Also Listed on Range AOR.

Home Details for 3938 Cedar St

Interior Features

Interior Details
Basement: Crawl Space,Partial,PouredNumber of Rooms: 6Types of Rooms: Bedroom 1, Bedroom 2, Bedroom 3, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2
Dimensions and Layout
Living Area: 2120 Square Feet
Appliances & Utilities
Utilities: Septic, WellAppliances: Dishwasher, Electric Range, Microwave, Refrigerator, Water Softener, Washer, Elec. Dryer, Electric Water HeaterDishwasherMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Dual Fuel/Off Peak,Electric,In-Floor,PropaneHas CoolingAir Conditioning: See Remarks,DuctlessHas HeatingHeating Fuel: Dual Fuel Off Peak
Fireplace & Spa
Number of Fireplaces: 1Fireplace: 1 Fireplace, Free Standing, Wood BurningHas a Fireplace
Gas & Electric
Electric: Amps: 200
Levels, Entrance, & Accessibility
Levels: 1 1/4 Story

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: Deck, Patio, Covered, See RemarksFencing: NoneExterior: Guttering: Yes
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: 2 Stalls,Attached,Garage Door Opener
Frontage
WaterfrontWaterfront: Lake FrontOn Waterfront
Water & Sewer
Water Body: Eagles Nest 1

Days on Market

Days on Market: 48

Property Information

Year Built
Year Built: 1979
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential
Building
Construction Materials: Steel Siding, Wood Frame
Property Information
Parcel Number: 317008000090 + 2

Price & Status

Price
List Price: $449,900Price Per Sqft: $212

Active Status

MLS Status: Active

Location

Direction & Address
City: Ely
School Information
Elementary School District: Ely-696Jr High / Middle School District: Ely-696High School District: Ely-696

Agent Information

Listing Agent
Listing ID: 150454

Building

Building Area
Building Area: 2120 Square Feet

Community

Not Senior Community

HOA

No HOA

Lot Information

Lot Area: 2 Acres

Miscellaneous

BasementMls Number: 150454

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. "
    0
    Flag
  • 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
    Flag

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

Home Value

Trulia Estimate
$426K
Since last month
Decreased$1K (-0.2%)
Since last year
Decreased$108K (-20.2%)
Since last sale
Increased$91K (+27.3%)
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 +42% in the last 10 years
MonthEstimated value
2026
September 2026$426K
August 2026$427K
July 2026$547K
June 2026$549K
May 2026$534K
April 2026$518K
March 2026$504K
February 2026$496K
January 2026$491K
2025
2024
2023
2022
2021
2020
2019
2018
2017

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
1531 Bear Head State Park Rd, Ely, MN
0.26
Single-Family Home
$335,000
07/17/26
1
1
1,056
3819 Dorem Dr, Ely, MN
0.87
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
3806 Dorem Dr, Ely, MN
0.72
Single-Family Home
$250,000
07/24/26
2
1
720
1675 Bradach Rd, Ely, MN
1.42
Single-Family Home
$780,000
08/12/26
3
2
1,916
1859 Bobence Rd, Ely, MN
2.31
Single-Family Home
$420,000
06/22/26
3
3
1,532
3810 Mud Creek Rd, Ely, MN
1.17
Single-Family Home
$110,000
05/06/26
2
-
840
1755 Bradach Rd, Ely, MN
2.00
Single-Family Home
$260,000
07/08/26
1
1
694

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
Bear Head State Park Rd, Ely, MN 55731
0.17
-
-
-
-
Off Market
1571 Bear Head State Park Rd, Ely, MN 55731
0.18
$172,500
1
-
-
Off Market
1565 Bear Head State Park Rd, Ely, MN 55731
0.20
$401,200
2
1
728
Off Market
1531 Bear Head State Park Rd, Ely, MN 55731
0.26
$335,000
1
1
1,056
Recently Sold
3806 Dorem Dr, Ely, MN 55731
0.72
$250,000
2
1
720
Recently Sold
TBD Bear Head State Park Rd, Ely, MN 55731
0.73
-
-
-
-
Off Market
1473 Bear Head State Park Rd, Ely, MN 55731
0.75
$530,300
4
2
1,213
Off Market
1370 Peninsula Rd, Ely, MN 55731
0.84
$407,900
1
1
660
Off Market
3823 Dorem Dr, Ely, MN 55731
0.85
$845,300
3
2
2,701
Off Market
3819 Dorem Dr, Ely, MN 55731
0.87
$798,500
2
2.5
1,774
Recently Sold
- Peninsula Rd, Ely, MN 55731
0.92
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Jul 30, 2026
Source: Range AOR #150454
Listed For Sale
$449,900
Aug 31, 2016
Source: NorthstarMLS as distributed by MLS GRID #4663280
Sold
$335,000

LGBTQ Local Legal Protections

Samantha Koivunen, Dane Arthur Real Estate Agency
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Frequently asked questions about 3938 Cedar St

  • What is the estimated monthly payment for 3938 Cedar St?
    Based on a $449,900 list price with 20% down at today's rates, the estimated monthly payment for 3938 Cedar St in Ely, MN is approximately $2,944 (about $2,468 principal & interest, $401 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • 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 homes for sale in Ely, MN.
  • What are the closest schools to 3938 Cedar St?
    The closest schools to 3938 Cedar St in Ely, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).
  • What is 3938 Cedar St estimated to be worth?
    Trulia's estimated value for 3938 Cedar St in Ely, MN is $426,300.
  • Does 3938 Cedar St have air conditioning?
    Yes, 3938 Cedar St in Ely, MN has air conditioning.
  • How big is the lot at 3938 Cedar St?
    The lot at 3938 Cedar St in Ely, MN is about 2 acres.
3938 Cedar St, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 2,120 sqft single-family home built in 1979. This property is currently available for sale and was listed by Range AOR on Jul 30, 2026. The MLS # for this home is MLS# 150454.