404 Shady Ln, Ely, MN 55731
Property image
Property image
OFF MARKET

404 Shady Ln
Ely, MN 55731

  • 3 Beds
  • 2 Baths
  • 2,614 sqft (on 2.30 acres)

$850,400

Trulia Estimate
as of Aug 12, 2026
Est. Refi. Payment $4,386/mo*
Refinance Your Home

$850,400

Trulia Estimate
as of Aug 12, 2026
Est. Refi. Payment $4,386/mo*
Refinance Your Home
3 Beds
2 Baths
2,614 sqft
(on 2.30 acres)

Home Value

Trulia Estimate
$850K
Since last month
Decreased$4K (-0.5%)
Since last year
Increased$14K (+1.7%)
Since last sale
Increased$300K (+54.6%)
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 +46% in the last 10 years
MonthEstimated value
2026
August 2026$850K
July 2026$853K
June 2026$854K
May 2026$854K
April 2026$847K
March 2026$839K
February 2026$835K
January 2026$827K
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
631 Circle Dr, Ely, MN
1.05
Single-Family Home
$805,000
01/16/26
3
2.5
2,373
142 Onigum Tr, Ely, MN
1.58
Single-Family Home
$930,000
08/29/25
3
2
2,042
118 Onigum Tr, Ely, MN
1.69
Single-Family Home
$735,000
09/04/25
3
2
2,189
386 Garden Lake Rd, Ely, MN
1.86
Single-Family Home
$419,000
12/08/25
3
2
2,281
14108 Fall Lake Rd, Ely, MN
1.51
Single-Family Home
$359,000
05/29/26
2
2
3,274
540 Loop Rd, Ely, MN
2.91
Single-Family Home
$710,000
02/06/26
3
2
3,160
607 N Main St, Winton, MN
2.00
Single-Family Home
$415,000
03/06/26
2
1
1,088
13462 Villa Rd, Ely, MN
2.82
Single-Family Home
$465,000
05/27/26
4
2.5
1,962
480 Kawishiwi Tr, Ely, MN
2.82
Single-Family Home
$265,000
09/11/25
3
1.5
1,693
13872 Outback Rd, Ely, MN
1.76
Single-Family Home
$135,000
08/15/25
1
-
486

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 Shady Ln, Ely, MN 55731
0.20
-
-
-
-
Off Market
14026 Chickadee Ln, Ely, MN 55731
0.23
$1,219,100
3
2.5
3,000
Off Market
296 Shady Ln, Ely, MN 55731
0.49
$249,000
2
1
912
For Sale
470 Shady Ln, Ely, MN 55731
0.49
$665,700
2
1
1,195
Off Market
429 Barrell Road Lot 6, Ely, MN 55731
0.50
-
-
-
-
Off Market
417 Barrell Road, Ely, MN 55731
0.50
$347,000
-
-
-
For Sale
425 Barrell Road Lot 5, Ely, MN 55731
0.53
-
-
-
-
Off Market
421 Barrell Road Lot 4, Ely, MN 55731
0.53
-
-
-
-
Off Market
417 Barrell Road Lot 3, Ely, MN 55731
0.54
-
-
-
-
Off Market
409 Barrell Road, Ely, MN 55731
0.57
$278,300
1
-
560
Off Market
413 Barrell Road, Ely, MN 55731
0.58
-
-
-
-
Off Market
14057 Mikana Rd, Ely, MN 55731
0.64
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 404 Shady Ln.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2006
Lot Size
2.3 acres
Living Area
2,614 sqft
Price/Sqft
$325
Parking
Garage

About this House

This single-family home is located at 404 Shady Ln, Ely, MN. 404 Shady Ln is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 2 bathrooms and approximately 2,614 sqft of floor space. This property has a lot size of 2.30 acres and was built in 2006.
404 Shady Ln, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 2,614 sqft single-family home built in 2006. It last sold for $550,000 on Oct 5, 2020. It is currently off market. The Trulia Estimate is $850,400, with a rent estimate of $2,635/month.

Home Details for 404 Shady Ln

Interior Features

Interior Details
BasementAdditional StorageTypes of Rooms: Dining Room, Family RoomStorage
Heating & Cooling
Heating: BaseboardAir ConditioningHeating Fuel: Baseboard
Levels, Entrance, & Accessibility
Stories: 1
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceHot Tub or Spa

Exterior Features

Exterior Home Features
Roof: MetalDeckExterior: Metal
Pool
Pool
Parking & Garage
GarageParking Spaces: 3Parking: Garage Detached

Property Information

Year Built
Year Built: 2006
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Community

Units in Building: 1

Lot Information

Lot Area: 2.30 acres

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Oct 5, 2020
Source: Lake Superior Area Realtors as distributed by MLS GRID #6085763
Sold
$550,000
Aug 25, 2020
Source: Agent Provided
Pending
$575,000
Jul 23, 2020
Source: Agent Provided
PriceChange
$575,000
Price decreased by 3%
Aug 21, 2019
Source: Agent Provided
Listed For Sale
$595,000
Aug 17, 2015
Source: Lake Superior Area Realtors as distributed by MLS GRID #2208768
Sold
$552,000

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
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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. "
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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. "
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    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
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Apartments for Rent

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Homes for sale near 404 Shady Ln

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Off Market Homes Near 404 Shady Ln

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Frequently asked questions about 404 Shady Ln

  • What is 404 Shady Ln estimated to be worth?
    Trulia's estimated value for 404 Shady Ln in Ely, MN is $850,400.
  • What is the price history for 404 Shady Ln?
    404 Shady Ln in Ely, MN last sold for $550,000 in October 2020.
  • 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 404 Shady Ln have a pool?
    Yes, 404 Shady Ln in Ely, MN has a pool.
  • Does 404 Shady Ln have laundry facilities?
    Yes, 404 Shady Ln in Ely, MN has in-unit laundry.