518 Sparrow Ln, Ely, MN 55731
Property image
Property image
FOR SALE
OPEN SAT, 1-4PM
FOR SALE BY OWNER
2.4 ACRES

518 Sparrow Ln
Ely, MN 55731

  • 1 Bed
  • 650 sqft (on 2.40 acres)

$399,900

Original price: $429,000
Est. Mortgage $2,479/mo*

$399,900

Original price: $429,000
Est. Mortgage $2,479/mo*
1 Bed
650 sqft
(on 2.40 acres)

Home Highlights

Price/Sqft
$615
Listed
180+ days ago
Climate Control
Electric Heating

Local Information

  • Map ViewExplore the area around 518 Sparrow Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

1920's log cabin on Fall Lake. 2.23 surveyed acres with 300 feet of shoreline. West facing point with natural sand beach. Sauna building and square log shed. 10 minutes from Ely on the Fernberg Trail road. New driveway from a well maintained, year round private road. Fall Lake is a boundary waters lake and property is a mile from entering BWCA. The log cabin is used as summer retreat but can support cooler weather because of its 60 amp electric service and composting toilet. The property will support new construction with a well and new septic system. All inquiries must be made thru the e-mail system.

Open House

Saturday, August 22
1:00 PM to 4:00 PM

Home Details for 518 Sparrow Ln

Interior Features

Heating & Cooling
Heating: ElectricHeating Fuel: Electric
Levels, Entrance, & Accessibility
Stories: 1Floors: Softwood, Linoleum Vinyl
Interior Details
Additional StorageIn-law unitNumber of Rooms: 4Types of Rooms: Family RoomStorage
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: AsphaltExterior: Wood

Days on Market

Days on Market: 180+ days on Trulia

Property Information

Year Built
Year Built: 1925
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Price & Status

Price
Price Per Sqft: $615

Community

Units in Building: 1

Lot Information

Lot Area: 2.40 acres

Building

Pool
Sauna

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."

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

Home Value

Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

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
0.55
Single-Family Home
$805,000
01/16/26
3
2.5
2,373
1.04
Single-Family Home
$359,000
05/29/26
2
2
3,274
1.78
Single-Family Home
$419,000
12/08/25
3
2
2,281
2.06
Single-Family Home
$930,000
08/29/25
3
2
2,042
2.17
Single-Family Home
$735,000
09/04/25
3
2
2,189
2.42
Single-Family Home
$415,000
03/06/26
2
1
1,088
2.93
Single-Family Home
$210,000
09/25/25
2
1
614
2.63
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
2.77
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
0.18
$637,600
3
2
2,294
Off Market
0.32
$1,219,900
3
2.5
3,000
Off Market
0.35
-
-
-
-
Off Market
0.39
$629,400
3
1
1,253
Off Market
0.41
-
-
-
-
Off Market
0.44
$664,400
2
1
1,195
Off Market
0.48
-
-
-
-
Off Market
0.52
-
-
-
-
Off Market
0.54
$347,000
-
-
-
For Sale
0.55
-
-
-
-
Off Market
0.55
$805,000
3
2.5
2,373
Recently Sold
0.57
-
-
-
-
Off Market

Price and Tax history

DateEventPrice
Aug 2, 2026
Source: N/A
PriceChange
$399,900
Price decreased by 7%
Jul 7, 2026
Source: N/A
PriceChange
$429,000
Price decreased by 4%
May 21, 2026
Source: N/A
PriceChange
$449,000
Price decreased by 8%
Apr 19, 2026
Source: N/A
Listed For Sale
$489,000
Apr 3, 2026
Source: N/A
ListingRemoved

LGBTQ Local Legal Protections

This property is for sale by owner and Zillow, Inc. is displaying it at the owner’s request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

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Frequently asked questions about 518 Sparrow Ln

  • What is the estimated monthly payment for 518 Sparrow Ln?
    Based on a $399,900 list price with 20% down at today's rates, the estimated monthly payment for 518 Sparrow Ln in Ely, MN is approximately $2,521 (about $2,089 principal & interest, $357 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • 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 homes for sale in Ely, MN.
  • What are the closest schools to 518 Sparrow Ln?
    The closest schools to 518 Sparrow Ln in Ely, MN are Minnehaha Elementary School (Pre-K, rated 6/10), Two Harbors Secondary (Middle/High, rated 7/10).
  • How big is the lot at 518 Sparrow Ln?
    The lot at 518 Sparrow Ln in Ely, MN is about 2.4 acres.
518 Sparrow Ln, Ely, MN 55731 is a 1 bedroom, 650 sqft single-family home built in 1925. This property is currently available for sale and was listed on Feb 18, 2026.