525 S Central Ave, Ely, MN 55731
OFF MARKET

$110,000

Trulia Estimate
  • 1 Bed
  • 1 Bath
  • 1,440 sqft (on 2 acres)

525 S Central Ave, Ely, MN 55731

Refinance Your Home
Currently Off Market - Sold Sep 30, 2015 for $58,770

Home Value

Trulia Estimate
$110K
Since last month
Decreased$10K (-8.3%)
Since last year
Decreased$24K (-18%)
Since last sale
Increased$51K (+87.2%)
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 +64% in the last 10 years
MonthEstimated value
2026
August 2026$110K
July 2026$120K
June 2026$119K
May 2026$115K
April 2026$115K
March 2026$120K
February 2026$109K
January 2026$110K
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
0.10
Single-Family Home
$35,000
10/24/25
3
1
1,134
42 W Shagawa Rd, Ely, MN
0.53
Single-Family Home
$110,000
09/23/25
1
1
852
111 E James St, Ely, MN
0.14
Single-Family Home
$58,000
07/15/26
2
2.5
2,340
21 White St, Ely, MN
0.20
Single-Family Home
$47,500
10/21/25
3
2
2,130
118 E James St, Ely, MN
0.15
Single-Family Home
$275,000
08/03/26
3
1
1,882
137 E Boundary St, Ely, MN
0.15
Single-Family Home
$209,000
12/12/25
2
2
1,287
228 E White St, Ely, MN
0.26
Single-Family Home
$872,250
08/28/26
1
1
693
2 E Conan St, Ely, MN
0.21
Single-Family Home
$178,000
08/24/26
3
2
1,472
845 E White St, Ely, MN
0.68
Single-Family Home
$108,960
12/22/25
2
1
1,150

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
4 E Boundary St, Ely, MN 55731
0.07
$274,200
2
1.5
1,514
Off Market
23 E Boundary St, Ely, MN 55731
0.07
$253,600
2
2.5
810
Off Market
14 E James St, Ely, MN 55731
0.07
$222,300
4
1.5
1,360
Off Market
37 E Boundary St, Ely, MN 55731
0.09
$199,500
2
2
1,058
For Sale
48 E James St, Ely, MN 55731
0.10
$211,200
2
2
1,044
Off Market
105 E James St, Ely, MN 55731
0.13
$223,900
3
1
1,436
Off Market
19 E Pattison St, Ely, MN 55731
0.14
$183,700
3
2
1,204
Off Market
118 E James St, Ely, MN 55731
0.15
$275,000
3
1
1,882
Recently Sold
137 E Boundary St, Ely, MN 55731
0.15
$209,000
2
2
1,287
Recently Sold
138 E Pattison St, Ely, MN 55731
0.17
$213,500
3
1.5
1,360
Off Market
40 Allaire St, Ely, MN 55731
0.21
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 525 S Central Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1938
Lot Size
2 acres
Living Area
1,440 sqft
Price/Sqft
$76

About this House

OPEN HOUSE MONDAY JULY 27, 2015 FROM 10 AM-1 PM, AND FRIDAY, JULY 31, 2015 FROM 10 AM-1 PM !

The 2.74-acre property is located at 525 South Central Avenue in Ely, Minnesota, and contains one
(1) residential building, and eleven (11) warehouse / storage / garage buildings. Further improvement descriptions are available in the Invitation For Bids document, which is located at the referenced website. This property will be sold via sealed bid. The opening of bids will occur on August 12, 2015. See the Invitation For Bids for further bid parameters.
525 S Central Ave, Ely, MN 55731 is a 1 bedroom, 1 bathroom, 1,440 sqft single-family home built in 1938. It last sold for $58,770 on Sep 30, 2015. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $110,000, with a rent estimate of $1,230/month.

Home Details for 525 S Central Ave

Interior Features

Heating & Cooling
Heating: Forced AirHeating Fuel: Forced Air
Levels, Entrance, & Accessibility
Stories: 2Floors: Hardwood
Interior Details
Additional StorageTypes of Rooms: Pantry, WorkshopStorage

Property Information

Year Built
Year Built: 1938
Property Type / Style
Property Type: Single Family Home

Exterior Features

Parking & Garage
Parking: Carport

Lot Information

Lot Area: 2.00 acres

Price and Tax history

DateEventPrice
Mar 24, 2021
Source: N/A
ListingRemoved
Sep 30, 2015
Source: N/A
Sold
$58,770
Jul 2, 2015
Source: N/A
PriceChange
$30,000
Price decreased by 80%
Feb 2, 2015
Source: N/A
Listed For Sale
$150,000

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

Frequently asked questions about 525 S Central Ave

  • What is 525 S Central Ave estimated to be worth?
    Trulia's estimated value for 525 S Central Ave in Ely, MN is $110,000.
  • What is the price history for 525 S Central Ave?
    525 S Central Ave in Ely, MN last sold for $58,770 in September 2015.
  • 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 525 S Central Ave?
    The lot at 525 S Central Ave in Ely, MN is about 2 acres.
  • Does 525 S Central Ave have parking?
    Yes, 525 S Central Ave in Ely, MN has on-site parking.

Apartments for Rent

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