505 E Wilson St, Ely, MN 55731
Property image
Property image
OFF MARKET

$126,200

Trulia Estimate
  • 2 Beds
  • 1.5 Baths
  • 713 sqft

505 E Wilson St, Ely, MN 55731

Est. Refi. Payment $879/mo*
Refinance Your Home
Currently Off Market - Sold Jan 20, 2016 for $41,000

Home Value

Trulia Estimate
$126K
Since last month
Increased$3K (+2.2%)
Since last year
Increased$27K (+27.5%)
Since last sale
Increased$85K (+207.8%)
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 +205% in the last 10 years
MonthEstimated value
2026
September 2026$126K
August 2026$124K
July 2026$121K
June 2026$122K
May 2026$116K
April 2026$113K
March 2026$116K
February 2026$106K
January 2026$101K
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
45 E Boundary St, Ely, MN
0.31
Single-Family Home
$35,000
10/24/25
3
1
1,134
845 E White St, Ely, MN
0.36
Single-Family Home
$108,960
12/22/25
2
1
1,150
137 E Boundary St, Ely, MN
0.25
Single-Family Home
$209,000
12/12/25
2
2
1,287
21 White St, Ely, MN
0.41
Single-Family Home
$47,500
10/21/25
3
2
2,130
712 E Pattison St, Ely, MN
0.22
Single-Family Home
$249,900
05/29/26
3
2
1,170
545 E Wilson St, Ely, MN
0.04
Single-Family Home
$220,000
04/15/26
3
2
1,544
638 E James St, Ely, MN
0.14
Single-Family Home
$230,000
05/01/26
3
1.5
1,350
647 E Boundary St, Ely, MN
0.13
Single-Family Home
$195,000
10/07/25
3
2
2,000
1135 E Harvey St, Ely, MN
0.60
Single-Family Home
$112,000
05/11/26
2
1
1,250

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
545 E Wilson St, Ely, MN 55731
0.04
$220,000
3
2
1,544
Recently Sold
514 E Boundary St, Ely, MN 55731
0.04
$249,000
3
2
2,024
Off Market
615 E Wilson St, Ely, MN 55731
0.08
$245,000
3
2.5
1,708
Off Market
519 E Boundary St, Ely, MN 55731
0.06
$174,500
3
1
1,167
Off Market
535 E Boundary St, Ely, MN 55731
0.07
$282,600
3
2
2,016
Off Market
513 E Boundary St, Ely, MN 55731
0.07
$106,700
2
1
658
Off Market
628 E Boundary St, Ely, MN 55731
0.10
$234,900
3
2
1,644
Off Market
638 E Boundary St, Ely, MN 55731
0.11
$238,800
3
1.5
1,716
Off Market
409 E Boundary St, Ely, MN 55731
0.09
$226,500
4
2
1,450
Off Market
647 E Boundary St, Ely, MN 55731
0.13
$198,800
3
2
2,000
Off Market
638 E James St, Ely, MN 55731
0.14
$230,000
3
1.5
1,350
Recently Sold
512 E Pattison St, Ely, MN 55731
0.15
$175,800
2
1
980
Off Market

Local Information

  • Map ViewExplore the area around 505 E Wilson St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1940
713 sqft
$177/sqft
Garage

About this House

This single-family home is located at 505 E Wilson St, Ely, MN. 505 E Wilson St is in Ely, MN and in ZIP code 55731. This property has 2 bedrooms, 2 bathrooms and approximately 713 sqft of floor space. This property has a lot size of 6098 sqft and was built in 1940.
505 E Wilson St, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 713 sqft single-family home built in 1940. It last sold for $41,000 on Jan 20, 2016. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $126,200, with a rent estimate of $1,330/month.

Home Details for 505 E Wilson St

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: OilAir ConditioningCooling System: CentralHeating Fuel: Oil
Levels, Entrance, & Accessibility
Stories: 1

Property Information

Year Built
Year Built: 1940
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Exterior Features

Exterior Home Features
Foundation Type: Slab
Parking & Garage
GarageParking Space: 1Parking: Garage Detached

Community

Units in Building: 1

Lot Information

Lot Area: 6098 sqft

Price and Tax history

DateEventPrice
Jan 20, 2016
Source: N/A
Sold
$41,000
Nov 5, 2015
Source: Agent Provided
Pending
$48,500
Nov 5, 2015
Source: Agent Provided
Listed For Sale
$48,500
Aug 17, 2014
Source: Agent Provided
ListingRemoved
$48,500
Jun 23, 2014
Source: Agent Provided
PriceChange
$48,500
Price decreased by 3%

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
103
5MoM

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

Frequently asked questions about 505 E Wilson St

  • What is 505 E Wilson St estimated to be worth?
    Trulia's estimated value for 505 E Wilson St in Ely, MN is $126,200.
  • What is the price history for 505 E Wilson St?
    505 E Wilson St in Ely, MN last sold for $41,000 in January 2016.
  • 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 505 E Wilson St have air conditioning?
    Yes, 505 E Wilson St in Ely, MN has air conditioning.
  • How big is the lot at 505 E Wilson St?
    The lot at 505 E Wilson St in Ely, MN is about 0.14 acres (6,098 sq ft).

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