468 Shady Ln, Ely, MN 55731
OFF MARKET

468 Shady Ln
Ely, MN 55731

  • 2 Beds
  • 2 Baths
  • 368 sqft (on 3.60 acres)

$789,900

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $4,811/mo*
Refinance Your Home

$789,900

Trulia Estimate
as of Aug 15, 2026
Est. Refi. Payment $4,811/mo*
Refinance Your Home
2 Beds
2 Baths
368 sqft
(on 3.60 acres)

Home Value

Trulia Estimate
$790K
Since last month
Increased$48K (+6.5%)
Since last year
Increased$27K (+3.5%)
Since last sale
Increased$649K (+463.3%)
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 decreased by -11% in the last 10 years
MonthEstimated value
2026
August 2026$789K
July 2026$782K
June 2026$741K
May 2026$714K
April 2026$739K
March 2026$725K
February 2026$724K
January 2026$736K
2025
2024
2023

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
0.78
Single-Family Home
$805,000
01/16/26
3
2.5
2,373
14108 Fall Lake Rd, Ely, MN
1.16
Single-Family Home
$359,000
05/29/26
2
2
3,274
13872 Outback Rd, Ely, MN
1.54
Single-Family Home
$135,000
08/15/25
1
-
486
386 Garden Lake Rd, Ely, MN
2.15
Single-Family Home
$419,000
12/08/25
3
2
2,281
142 Onigum Tr, Ely, MN
1.98
Single-Family Home
$930,000
08/29/25
3
2
2,042
118 Onigum Tr, Ely, MN
2.08
Single-Family Home
$735,000
09/04/25
3
2
2,189
607 N Main St, Winton, MN
2.41
Single-Family Home
$415,000
03/06/26
2
1
1,088
13408 Black Bear Tr, Ely, MN
3.38
Single-Family Home
$210,000
09/25/25
2
1
614
480 Kawishiwi Tr, Ely, MN
3.05
Single-Family Home
$265,000
09/11/25
3
1.5
1,693
13464 Chestnut Dr, Ely, MN
3.20
Single-Family Home
$210,000
07/27/26
2
1
1,215

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
470 Shady Ln, Ely, MN 55731
0.08
$668,400
2
1
1,195
Off Market
14026 Chickadee Ln, Ely, MN 55731
0.29
$1,214,500
3
2.5
3,000
Off Market
14015 Romberg Shores Rd, Ely, MN 55731
0.52
$634,500
3
2
2,294
Off Market
xxx Shady Ln, Ely, MN 55731
0.57
-
-
-
-
Off Market
611 Circle Dr, Ely, MN 55731
0.62
$629,400
3
1
1,253
Off Market
xxxx Circle Dr, Ely, MN 55731
0.72
-
-
-
-
Off Market
429 Barrell Road Lot 6, Ely, MN 55731
0.72
-
-
-
-
Off Market
631 Circle Dr, Ely, MN 55731
0.78
$805,000
3
2.5
2,373
Recently Sold
425 Barrell Road Lot 5, Ely, MN 55731
0.77
-
-
-
-
Off Market
296 Shady Ln, Ely, MN 55731
0.77
$249,000
2
1
912
For Sale
417 Barrell Road, Ely, MN 55731
0.79
$347,000
-
-
-
For Sale
421 Barrell Road Lot 4, Ely, MN 55731
0.80
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 468 Shady Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2017
Lot Size
3.6 acres
Living Area
368 sqft
Price/Sqft
$2,146

About this House

This single-family home is located at 468 Shady Ln, Ely, MN. 468 Shady Ln is in Ely, MN and in ZIP code 55731. This property has 2 bedrooms, 2 bathrooms and approximately 368 sqft of floor space. This property has a lot size of 3.60 acres and was built in 2017.
468 Shady Ln, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 368 sqft single-family home built in 2017. It last sold for $140,000 on Jul 7, 2008. It is currently off market. The Trulia Estimate is $789,900, with a rent estimate of $1,304/month.

Home Details for 468 Shady Ln

Interior Features

Levels, Entrance, & Accessibility
Stories: 1.7000000476837158
Interior Details
Additional StorageIn-law unitStorage
Heating & Cooling
Air Conditioning

Property Information

Year Built
Year Built: 2017
Property Type / Style
Property Type: Single Family Home

Exterior Features

Exterior Home Features
DeckExterior: Wood, Metal

Community

Units in Building: 1

Lot Information

Lot Area: 3.60 acres

Building

Pool
Sauna

Price and Tax history

DateEventPrice
Jul 7, 2008
Source: N/A
Sold
$140,000

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. "
    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
    Flag

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Apartments for Rent

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Homes for sale near 468 Shady Ln

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Off Market Homes Near 468 Shady Ln

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Frequently asked questions about 468 Shady Ln

  • What is 468 Shady Ln estimated to be worth?
    Trulia's estimated value for 468 Shady Ln in Ely, MN is $789,900.
  • What is the price history for 468 Shady Ln?
    468 Shady Ln in Ely, MN last sold for $140,000 in July 2008.
  • 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 468 Shady Ln?
    The lot at 468 Shady Ln in Ely, MN is about 3.6 acres.