514 E Boundary St, Ely, MN 55731
Property image
Property image
OFF MARKET

$247,500

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 2,024 sqft

514 E Boundary St, Ely, MN 55731

Est. Refi. Payment $1,639/mo*
Refinance Your Home
Currently Off Market - Sold Oct 11, 2024 for $195,000

Home Value

Trulia Estimate
$248K
Since last month
Increased$600 (+0.2%)
Since last year
Increased$42K (+20%)
Since last sale
Increased$54K (+27.7%)
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 +204% in the last 10 years
MonthEstimated value
2026
September 2026$249K
August 2026$248K
July 2026$247K
June 2026$249K
May 2026$233K
April 2026$221K
March 2026$215K
February 2026$211K
January 2026$212K
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
545 E Wilson St, Ely, MN
0.05
Single-Family Home
$220,000
04/15/26
3
2
1,544
647 E Boundary St, Ely, MN
0.11
Single-Family Home
$195,000
10/07/25
3
2
2,000
638 E James St, Ely, MN
0.11
Single-Family Home
$230,000
05/01/26
3
1.5
1,350
36 E Beacon Hill Rd, Ely, MN
0.44
Single-Family Home
$198,000
11/12/25
3
2
1,920
712 E Pattison St, Ely, MN
0.19
Single-Family Home
$249,900
05/29/26
3
2
1,170
137 E Boundary St, Ely, MN
0.25
Single-Family Home
$209,000
12/12/25
2
2
1,287
118 E James St, Ely, MN
0.29
Single-Family Home
$275,000
08/03/26
3
1
1,882
2 E Conan St, Ely, MN
0.43
Single-Family Home
$178,000
08/24/26
3
2
1,472
313 E Chapman St, Ely, MN
0.43
Single-Family Home
$216,000
03/02/26
4
2.5
1,824

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
519 E Boundary St, Ely, MN 55731
0.03
$173,900
3
1
1,167
Off Market
513 E Boundary St, Ely, MN 55731
0.04
$105,200
2
1
658
Off Market
535 E Boundary St, Ely, MN 55731
0.04
$282,600
3
2
2,016
Off Market
545 E Wilson St, Ely, MN 55731
0.05
$220,000
3
2
1,544
Recently Sold
409 E Boundary St, Ely, MN 55731
0.08
$227,600
4
2
1,450
Off Market
628 E Boundary St, Ely, MN 55731
0.08
$234,900
3
2
1,644
Off Market
512 E Pattison St, Ely, MN 55731
0.11
$176,700
2
1
980
Off Market
615 E Wilson St, Ely, MN 55731
0.08
$241,400
3
2.5
1,708
Off Market
638 E Boundary St, Ely, MN 55731
0.10
$237,900
3
1.5
1,716
Off Market
638 E James St, Ely, MN 55731
0.11
$230,000
3
1.5
1,350
Recently Sold
524 E Pattison St, Ely, MN 55731
0.12
$283,700
4
2
2,728
Off Market

Local Information

  • Map ViewExplore the area around 514 E Boundary St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1954
2,024 sqft
$122/sqft
1 Car Garage

About this House

What's unique:Hardwood floorsWood-burning fireplaceArched doorwaysStained glass detailsUpdated bathroomsLarge deck
Your Dream Home Awaits! Charming 3 BR, 2 BA home, perfect for first-time homebuyers and young professionals or anyone else wanting a move in ready home! This beautifully updated 3-bedroom, 2-bathroom home is a blend of modern upgrades and timeless charm. Key Features include spacious living area with coved living room ceilings and arched doorways create an inviting ambiance, complemented by lovely hardwood floors throughout. Modern upgrades are newer Marvin Windows and updated bathrooms, ensuring comfort and efficiency. The kitchen features beautiful oak cabinets with stained glass details and Glass Block windows, providing both privacy and ample natural light. Indoor-Outdoor Living. Marvin Window patio doors open from the dining room to a large deck, perfect for entertaining or relaxing in the massive backyard. Additional Space! The semi-finished basement includes a wood-burning fireplace (non-working) and plumbing for a wet bar. The third bedroom boasts egress windows, offering flexibility for various uses.
514 E Boundary St, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 2,024 sqft single-family home built in 1954. It last sold for $195,000 on Oct 11, 2024 (5% below the $205,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $247,500, with a rent estimate of $2,132/month.
Last check for updates: about 7 hours ago
Listed by Andrea Zupancich, (218) 749-0159
Z' Up North Realty
Bought with: Heather Franciskovich, (218) 235-3895, Keller Williams Classic Realty NW - Ely
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6116096

Home Details for 514 E Boundary St

Interior Features

Interior Details
Basement: Full,Egress Windows,Finished,Family/Rec Room,Fireplace,Utility Room,Washer Hook-Ups,Dryer Hook-UpsNumber of Rooms: 8Types of Rooms: Master Bedroom, Bedroom, Dining Room, Kitchen, Laundry, Living Room, Recreation Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2024 Square FeetFoundation Area: 1008
Appliances & Utilities
Utilities: CableAppliances: Water Heater-Electric, Dishwasher, Dryer, Microwave, Range, WasherDishwasherDryerLaundry: Dryer Hook-Ups,Washer HookupMicrowaveWasher
Heating & Cooling
Heating: Forced Air,OilHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood Burning, BasementHas a Fireplace
Gas & Electric
Electric: City Of Ely
Windows, Doors, Floors & Walls
Window: Wood FramesDoor: Patio DoorFlooring: Hardwood Floors, Tiled Floors
Levels, Entrance, & Accessibility
Number of Stories: 1Floors: Hardwood Floors, Tiled Floors
View
Has a ViewView: City Lights

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: DeckVegetation: Partially WoodedOther Structures: Storage ShedExterior: Rain GuttersFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 1Parking: Off Street,Concrete,Attached,Insulation,Slab
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 1064 Square FeetFinished Area (below surface): 960 Square Feet

Days on Market

Cumulative Days on Market: 3

Property Information

Year Built
Year Built: 1954
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Ranch
Building
Construction Materials: Wood, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 030036500255

Price & Status

Price
List Price: $205,000
Status Change & Dates
Off Market Date: Tue Sep 17 2024Possession Timing: Close Of Escrow

Active Status

MLS Status: SOLD

Location

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

HOA

No HOA

Lot Information

Lot Area: 8276.4 sqft

Offer

Listing Terms: Cash, Conventional

Miscellaneous

BasementMls Number: 6116096Attribution Contact: ***Above Grade Unfinished Area: 1064

Price and Tax history

DateEventPrice
Oct 11, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6116096
Sold
$195,000
Sep 17, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6116096
Pending
$205,000
Sep 14, 2024
Source: Lake Superior Area Realtors as distributed by MLS GRID #6116096
Listed For Sale
$205,000
Dec 2, 2021
Source: N/A
Sold
$189,000
Nov 15, 2021
Source: Lake Superior Area Realtors as distributed by MLS GRID #6099649
Pending
$189,000

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

Based on information submitted to the MLS GRID as of 2026-09-24 00:17:15 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 514 E Boundary St

  • What is 514 E Boundary St estimated to be worth?
    Trulia's estimated value for 514 E Boundary St in Ely, MN is $247,500.
  • What is the price history for 514 E Boundary St?
    514 E Boundary St in Ely, MN last sold for $195,000 in October 2024.
  • 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 514 E Boundary St have air conditioning?
    Yes, 514 E Boundary St in Ely, MN has air conditioning.
  • Does 514 E Boundary St have laundry facilities?
    Yes, 514 E Boundary St in Ely, MN has in-unit laundry.

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