4990 Big Lake Rd, Ely, MN 55731
Property image
Property image
OFF MARKET

$230,500

Trulia Estimate
  • 3 Beds
  • 1.5 Baths
  • 632 sqft

4990 Big Lake Rd, Ely, MN 55731

Refinance Your Home
Currently Off Market - Sold Jul 15, 2019 for $110,000

Home Value

Trulia Estimate
$231K
Since last month
Decreased$7K (-2.7%)
Since last year
Increased$12K (+5.5%)
Since last sale
Increased$120K (+109.3%)
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 +5% in the last 10 years
MonthEstimated value
2026
August 2026$230K
July 2026$237K
June 2026$249K
May 2026$242K
April 2026$238K
March 2026$234K
February 2026$220K
January 2026$211K
2025

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
4194 First Lake Rd, Ely, MN
5.74
Single-Family Home
$129,000
11/13/25
1
-
280
3784 Fenske Lake Rd Unit 5, Ely, MN
7.53
Single-Family Home
$310,000
06/12/26
2
2
967

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
4994 Big Lake Rd, Ely, MN 55731
0.04
$200,000
2
1
400
For Sale
4996 Big Lake Rd, Ely, MN 55731
0.04
$222,500
2
1
400
For Sale
4995 Big Lake Rd Unit 21, Ely, MN 55731
0.05
$103,000
2
1
382
Off Market
3012 Echo Tr, Ely, MN 55731
0.06
$113,200
1
1
282
Off Market
3012 Echo Tr Unit 16, Ely, MN 55731
0.11
-
-
-
-
Off Market
3012 Echo Tr Unit 2, Ely, MN 55731
0.13
-
-
-
-
Off Market
TBD Big Lake Rd, Ely, MN 55731
0.21
-
-
-
-
Off Market
5039 Big Lake Rd, Ely, MN 55731
0.24
$79,900
-
-
-
For Sale
5049 Big Lake Rd, Ely, MN 55731
0.30
$62,500
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 4990 Big 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
1950
Living Area
632 sqft
Price/Sqft
$365
HOA
$208/Monthly

About this House

Rustic but modern cabin with three bedrooms and a full bath plus a half bath. Cabin comes with 60 feet of south facing shoreline on Big Lake. Located about 20 miles north of Ely, in the heart of the Superior National Forest, accessed by the Echo Trail. Kitchen and bathrooms are serviced by drilled well, compliant septic system and propane utilities. Cabin also has a large deck overlooking Big Lake for spectacular views. Cabin is in a rental program and is an income producing property. Big Lake is about 2000 acres in size, has excellent fishing and is on the edge of the BWCAW. Most of the lake’s shoreline and surrounding lands are federally owned.
4990 Big Lake Rd, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 632 sqft single-family home built in 1950. It last sold for $110,000 on Jul 15, 2019 (20% below the $137,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $230,500, with a rent estimate of $1,517/month.
Last check for updates: about 20 hours ago
Listed by Phil Hyde, (218) 349-2797
Bear Island Land Co., Inc
Bought with: Phil Hyde, (218) 349-2797, Bear Island Land Co., Inc
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6082541

Home Details for 4990 Big Lake Rd

Interior Features

Interior Details
Basement: N/ANumber of Rooms: 4Types of Rooms: Master Bedroom, Bedroom, Great Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 632 Square FeetFoundation Area: 600
Appliances & Utilities
Appliances: Range, RefrigeratorRefrigerator
Heating & Cooling
Heating: Radiant,PropaneNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Radiant
Fireplace & Spa
Fireplace: GasHas a Fireplace
Gas & Electric
Electric: Other
Levels, Entrance, & Accessibility
Number of Stories: 1
View
Has a ViewView: Inland Lake

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: DeckVegetation: Partially WoodedExterior: Dock
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Gravel,None
Frontage
WaterfrontWaterfront: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky)Road Frontage: Dead End/No Outlet, Private RoadOn Waterfront
Water & Sewer
Sewer: Private Sewer, Shared SepticWater Body: Other - See Remarks
Farm & Range
Frontage Length: 59
Finished Area
Finished Area (above surface): 632 Square Feet

Property Information

Year Built
Year Built: 1950
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Rustic
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 629003200070

Price & Status

Price
List Price: $137,000
Status Change & Dates
Off Market Date: Fri May 03 2019

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

HOA

HOA Fee Includes: Electricity, Management, Other, Shared Amenities, Trash, Water, HeatHas an HOAHOA Fee: $2,500/Annually

Lot Information

Lot Area: 5662.8 sqft

Offer

Listing Terms: Cash, Contract, Conventional

Miscellaneous

Mls Number: 6082541Water ViewWater View: LakeAbove Grade Unfinished Area: 632

Additional Information

HOA Amenities: Sauna

Price and Tax history

DateEventPrice
Jul 15, 2019
Source: Lake Superior Area Realtors as distributed by MLS GRID #6082541
Sold
$110,000

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
    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

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-08-29 03:53:03 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 4990 Big Lake Rd

  • What is 4990 Big Lake Rd estimated to be worth?
    Trulia's estimated value for 4990 Big Lake Rd in Ely, MN is $230,500.
  • What is the price history for 4990 Big Lake Rd?
    4990 Big Lake Rd in Ely, MN last sold for $110,000 in July 2019.
  • 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 4990 Big Lake Rd?
    The lot at 4990 Big Lake Rd in Ely, MN is about 0.13 acres (5,663 sq ft).
  • Does 4990 Big Lake Rd have parking?
    Yes, 4990 Big Lake Rd in Ely, MN has on-site parking.

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Off Market Homes Near 4990 Big Lake Rd

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