3947 Wolf Lake Rd, Ely, MN 55731
OFF MARKET

3947 Wolf Lake Rd
Ely, MN 55731

  • 1 Bed
  • 1 Bath
  • 309 sqft (on 10 acres)

$273,200

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $1,688/mo*
Refinance Your Home

$273,200

Trulia Estimate
as of Aug 11, 2026
Est. Refi. Payment $1,688/mo*
Refinance Your Home
1 Bed
1 Bath
309 sqft
(on 10 acres)

Local Information

  • Map ViewExplore the area around 3947 Wolf Lake 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
2002
Lot Size
10 acres
Living Area
309 sqft
Price/Sqft
$884

About this House

Great one room cabin on 10+/- acres in a remote location. Cabin features tongue & groove throughout with hardwood floors and a wood-burning fireplace. Nice shoreline with approximately 300 of frontage on this scenic, private lake. Property adjoins federal lands for added privacy. Utilities include a grey water system and propane. Lot features excellent tree coverage with large pines. Brokered And Advertised By: Bear Island Land Co., Inc Listing Agent: Bruce Chernak
3947 Wolf Lake Rd, Ely, MN 55731 is a 1 bedroom, 1 bathroom, 309 sqft single-family home built in 2002. It last sold for $161,000 on Apr 16, 2010. It is currently off market. The Trulia Estimate is $273,200, with a rent estimate of $1,061/month.

Home Details for 3947 Wolf Lake Rd

Interior Features

Interior Details
BasementAdditional StorageIn-law unitNumber of Rooms: 2Storage
Heating & Cooling
Heating: OtherHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: Wood

Property Information

Year Built
Year Built: 2002
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 10.00 acres

Price History for 3947 Wolf Lake Rd

DatePriceEventSource
10/17/2012$175,000ListingRemovedAgent Provided
10/11/2012$175,000Listed For SaleAgent Provided
04/16/2010$161,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #1274197

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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Property Tax and Assessment

Year2024
Tax$1,604
Assessment$171,200
Home facts updated by county records

Comparable Sales for 3947 Wolf Lake Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
3810 Mud Creek Rd, Ely, MN
2.77
Single-Family Home
$110,000
05/06/26
2
-
840
1739 Bear Head State Park Rd, Ely, MN
3.24
Single-Family Home
$265,000
06/09/26
2
1
1,346
3806 Dorem Dr, Ely, MN
3.56
Single-Family Home
$250,000
07/24/26
2
1
720
1755 Bradach Rd, Ely, MN
3.15
Single-Family Home
$260,000
07/08/26
1
1
694
1859 Bobence Rd, Ely, MN
2.95
Single-Family Home
$420,000
06/22/26
3
3
1,532
2375 Visti Point Rd, Ely, MN
3.41
Single-Family Home
$900,000
04/24/26
3
2
1,488
2375 Viste Point Rd, Ely, MN
3.41
Single-Family Home
$900,000
04/01/26
3
2
2,706
3819 Dorem Dr, Ely, MN
3.39
Single-Family Home
$798,500
06/10/26
2
2.5
1,774
1531 Bear Head State Park Rd, Ely, MN
4.15
Single-Family Home
$335,000
07/17/26
1
1
1,056
1346 Bear Head State Park Rd, Ely, MN
5.22
Single-Family Home
$140,000
04/13/26
1
-
288

Nearby homes

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Assigned Schools

These are the assigned schools for 3947 Wolf Lake 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. "
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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
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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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Explore by feature - Garage

Homes for sale near 3947 Wolf Lake Rd

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Off Market Homes Near 3947 Wolf Lake Rd

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Frequently asked questions about 3947 Wolf Lake Rd

  • What is 3947 Wolf Lake Rd estimated to be worth?
    Trulia's estimated value for 3947 Wolf Lake Rd in Ely, MN is $273,200.
  • What is the price history for 3947 Wolf Lake Rd?
    3947 Wolf Lake Rd in Ely, MN last sold for $161,000 in April 2010.
  • 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 3947 Wolf Lake Rd?
    The lot at 3947 Wolf Lake Rd in Ely, MN is about 10 acres.