516 Sparrow Ln, Ely, MN 55731
OFF MARKET

516 Sparrow Ln
Ely, MN 55731

  • 3 Beds
  • 2 Baths
  • 1,015 sqft (on 1.95 acres)

$785,200

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $4,783/mo*

$785,200

Trulia Estimate
as of Aug 13, 2026
Est. Refi. Payment $4,783/mo*
3 Beds
2 Baths
1,015 sqft
(on 1.95 acres)

Home Value

Trulia Estimate
$785K
Since last month
Increased$47K (+6.4%)
Since last year
Increased$46K (+6.2%)
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 +8% in the last 10 years
MonthEstimated value
2026
August 2026$779K
July 2026$763K
June 2026$732K
May 2026$757K
April 2026$771K
March 2026$814K
February 2026$817K
January 2026$759K
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
0.50
Single-Family Home
$805,000
01/16/26
3
2.5
2,373
0.99
Single-Family Home
$359,000
05/29/26
2
2
3,274
1.81
Single-Family Home
$419,000
12/08/25
3
2
2,281
2.12
Single-Family Home
$930,000
08/29/25
3
2
2,042
1.17
Single-Family Home
$135,000
08/15/25
1
-
486
2.22
Single-Family Home
$735,000
09/04/25
3
2
2,189
2.64
Single-Family Home
$265,000
09/11/25
3
1.5
1,693
2.65
Single-Family Home
$710,000
02/06/26
3
2
3,160
2.47
Single-Family Home
$415,000
03/06/26
2
1
1,088
2.79
Single-Family Home
$465,000
05/27/26
4
2.5
1,962

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
0.13
$632,500
3
2
2,294
Off Market
0.30
-
-
-
-
Off Market
0.37
$1,219,100
3
2.5
3,000
Off Market
0.34
$629,400
3
1
1,253
Off Market
0.45
-
-
-
-
Off Market
0.45
$665,700
2
1
1,195
Off Market
0.52
-
-
-
-
Off Market
0.50
$805,000
3
2.5
2,373
Recently Sold
0.56
-
-
-
-
Off Market
0.55
$65,000
-
-
-
Recently Sold
0.59
$347,000
-
-
-
For Sale
0.59
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 516 Sparrow Ln.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
2004
Lot Size
1.95 acres
Living Area
1,015 sqft
Price/Sqft
$774
Parking
Garage

About this House

This single-family home is located at 516 Sparrow Ln, Ely, MN. 516 Sparrow Ln is in Ely, MN and in ZIP code 55731. This property has 3 bedrooms, 2 bathrooms and approximately 1,015 sqft of floor space. This property has a lot size of 1.95 acres and was built in 2004.
516 Sparrow Ln, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 1,015 sqft single-family home built in 2004. It is currently off market. The Trulia Estimate is $785,200, with a rent estimate of $1,874/month.

Home Details for 516 Sparrow Ln

Interior Features

Interior Details
BasementAdditional StorageStorage
Heating & Cooling
Heating: OtherAir ConditioningCooling System: CentralHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 1
Fireplace & Spa
FireplaceHot Tub or Spa

Property Information

Year Built
Year Built: 2004
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Exterior Features

Exterior Home Features
DeckExterior: Other, Wood
Pool
Pool
Parking & Garage
GarageParking: Garage Attached

Community

Units in Building: 1

Lot Information

Lot Area: 1.95 acres

Building

Pool
Sauna

Price and Tax history

YearProperty taxTax assessment
2025
$8,123
$1,230,400
Home facts updated by county records

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
2
MoM
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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. "
  • 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 . "
  • 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. "
  • 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."
  • 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."
  • 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."

LGBTQ Local Legal Protections

Apartments for Rent

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Homes for sale near 516 Sparrow Ln

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Off Market Homes Near 516 Sparrow Ln

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Frequently asked questions about 516 Sparrow Ln

  • What is 516 Sparrow Ln estimated to be worth?
    Trulia's estimated value for 516 Sparrow Ln in Ely, MN is $785,200.
  • 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.
  • What are the closest schools to 516 Sparrow Ln?
    The closest schools to 516 Sparrow Ln in Ely, MN are Minnehaha Elementary School (Pre-K, rated 6/10), Two Harbors Secondary (Middle/High, rated 7/10).
  • Does 516 Sparrow Ln have air conditioning?
    Yes, 516 Sparrow Ln in Ely, MN has air conditioning.
  • Does 516 Sparrow Ln have a pool?
    Yes, 516 Sparrow Ln in Ely, MN has a pool.