3945 Swanson Shores Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

$788,300

Trulia Estimate
  • 2 Beds
  • 1 Bath
  • 1,492 sqft (on 1.35 acres)

3945 Swanson Shores Rd, Ely, MN 55731

Est. Refi. Payment $4,852/mo*
Refinance Your Home
Currently Off Market - Sold Jun 17, 2024 for $695,000

Home Value

Trulia Estimate
$788K
Since last month
Increased$3K (+0.4%)
Since last year
Increased$30K (+4%)
Since last sale
Increased$94K (+13.6%)
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 +111% in the last 10 years
MonthEstimated value
2026
August 2026$789K
August 2026$788K
July 2026$786K
June 2026$779K
May 2026$769K
April 2026$749K
March 2026$734K
February 2026$722K
January 2026$733K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
1.92
Single-Family Home
$335,000
07/17/26
1
1
1,056
3819 Dorem Dr, Ely, MN
2.81
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
3806 Dorem Dr, Ely, MN
2.62
Single-Family Home
$250,000
07/24/26
2
1
720
1675 Bradach Rd, Ely, MN
3.08
Single-Family Home
$780,000
08/12/26
3
2
1,916
1346 Bear Head State Park Rd, Ely, MN
2.32
Single-Family Home
$140,000
04/13/26
1
-
288
1859 Bobence Rd, Ely, MN
4.07
Single-Family Home
$420,000
06/22/26
3
3
1,532
3810 Mud Creek Rd, Ely, MN
3.31
Single-Family Home
$110,000
05/06/26
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
3849 Swanson Shores, Ely, MN 55731
0.29
$948,600
3
3.5
2,588
Off Market
3845 Swanson Shores Rd, Ely, MN 55731
0.33
$906,200
3
2.5
2,643
Off Market
1164 Jesse Blvd, Ely, MN 55731
0.38
$672,500
3
2
3,168
Off Market
TBD Swanson Shores Rd, Ely, MN 55731
0.45
-
-
-
-
Off Market
TBD Swanson Shores Rd, Ely, MN 55731
0.55
-
-
-
-
Off Market
1216 Minnesota Blvd, Ely, MN 55731
0.60
$368,700
2
1
1,013
Off Market
xxx Swanson Shores, Ely, MN 55731
0.59
-
-
-
-
Off Market
TBD Swanson Shores, Ely, MN 55731
0.68
-
-
-
-
Off Market
1271 Walsh Rd, Ely, MN 55731
0.73
-
-
-
-
Off Market
1255 Walsh Rd, Ely, MN 55731
0.75
$450,600
2
1
693
Off Market
3945 Stocking Point Dr, Ely, MN 55731
0.89
$488,100
2
1.5
972
Off Market

Local Information

  • Map ViewExplore the area around 3945 Swanson Shores Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1992
1.35 acre lot
1,492 sqft
$528/sqft
Garage

About this House

Custom built Log home featuring a large wrap around deck with panoramic views of Eagles Nest Lake #3. A custom built log sauna with wood heat. Sauna, changing room and attached 3 season screened porch that overlooks the lake's bay. This home is exactly what you would expect and wish for; Natural log, wood floors, open vaulted beamed ceilings, loft with skylight to watch the moon & stars, bright spaces, massive rock fireplace built upon a full foundation with interior and exterior access. This is an ideal setting between the Lake and State forest across the road. Quiet, peaceful and ideally located between Tower and Ely makes this that perfect setting for creating memories of a life enjoyed.
3945 Swanson Shores Rd, Ely, MN 55731 is a 2 bedroom, 1 bathroom, 1,492 sqft single-family home built in 1992. It last sold for $695,000 on Jun 17, 2024 (1% below the $700,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $788,300, with a rent estimate of $1,756/month.
Last check for updates: about 10 hours ago
Listed by Janet Erchul, (218) 365-2100
Ely Realty
Paul Solberg, (218) 730-7848
Ely Realty
Bought with: Anna Yahnke, (218) 235-3547, Bear Island Realty LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6112724

Home Details for 3945 Swanson Shores Rd

Interior Features

Interior Details
Basement: Full,UnfinishedNumber of Rooms: 12Types of Rooms: Bedroom, Bathroom, Deck, Dining Room, Kitchen, Living Room, Loft, Sauna, Three Season Porch
Beds & Baths
Number of Bedrooms: 2Main Level Bedrooms: 1Number of Bathrooms: 1Number of Bathrooms (full): 1
Dimensions and Layout
Living Area: 1492 Square FeetFoundation Area: 1024
Heating & Cooling
Heating: Fireplace(s),Forced Air,Wood,PropaneHas HeatingHeating Fuel: Fireplace S
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood BurningHas a Fireplace
Gas & Electric
Electric: Lake Country Power
Levels, Entrance, & Accessibility
Number of Stories: 1
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt ShingleFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached,Electrical Service
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)On Waterfront
Water & Sewer
Sewer: Private SewerWater Body: Eagles Nest 3
Farm & Range
Frontage Length: 242
Finished Area
Finished Area (above surface): 1492 Square Feet

Days on Market

Cumulative Days on Market: 14

Property Information

Year Built
Year Built: 1992
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Log
Building
Construction Materials: Log, Log Home
Property Information
Condition: Previously OwnedParcel Number: 317018000210 & 00220

Price & Status

Price
List Price: $700,000
Status Change & Dates
Off Market Date: Mon Apr 01 2024

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: St. Louis County #2142

HOA

No HOA

Lot Information

Lot Area: 1.35 Acres

Miscellaneous

BasementMls Number: 6112724Attribution Contact: ***Above Grade Unfinished Area: 1492

Price and Tax history

DateEventPrice
Jun 17, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112724
Sold
$695,000
May 13, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112724
Pending
$700,000
Apr 1, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112724
Contingent
$700,000
Mar 19, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112724
Listed For Sale
$700,000

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

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
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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
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-09 12:12:29 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

Frequently asked questions about 3945 Swanson Shores Rd

  • What is 3945 Swanson Shores Rd estimated to be worth?
    Trulia's estimated value for 3945 Swanson Shores Rd in Ely, MN is $788,300.
  • What is the price history for 3945 Swanson Shores Rd?
    3945 Swanson Shores Rd in Ely, MN last sold for $695,000 in June 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.
  • How big is the lot at 3945 Swanson Shores Rd?
    The lot at 3945 Swanson Shores Rd in Ely, MN is about 1.4 acres.
  • Does 3945 Swanson Shores Rd have a garage?
    Yes, 3945 Swanson Shores Rd in Ely, MN has a garage.

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