$719,300
3 Beds
2 Baths
3,160 sqft (on 2.60 acres)
540 Loop Rd, Ely, MN 55731
Est. Refi. Payment $4,720/mo*
Refinance Your HomeCurrently Off Market - Sold Feb 6, 2026 for $710,000 (1% below list price)
Home Value
Trulia Estimate
$719KSince last month
Decreased$9K (-1.3%)Since last year
Increased$240K (+50.7%)Since last sale
Increased$5K (+0.7%)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 +151% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| October 2026 | $715K |
| September 2026 | $719K |
| August 2026 | $724K |
| July 2026 | $727K |
| June 2026 | $719K |
| May 2026 | $722K |
| April 2026 | $713K |
| March 2026 | $710K |
| February 2026 | $711K |
| January 2026 | $690K |
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 |
|---|---|---|---|---|---|---|---|
0.52 | Single-Family Home | $475,000 | 08/28/26 | 2 | 1 | 1,335 | |
1.08 | Single-Family Home | $465,000 | 05/27/26 | 4 | 2.5 | 1,962 | |
1.25 | Single-Family Home | $419,000 | 12/08/25 | 3 | 2 | 2,281 | |
1.10 | Single-Family Home | $475,000 | 08/24/26 | 3 | 1.5 | 1,248 | |
1.19 | Single-Family Home | $519,000 | 07/31/26 | 3 | 2 | 1,320 | |
1.14 | Single-Family Home | $210,000 | 07/27/26 | 2 | 1 | 1,215 | |
1.30 | Single-Family Home | $340,000 | 10/01/26 | 2 | - | 576 |
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 |
|---|---|---|---|---|---|---|
0.07 | $1,037,800 | 5 | 4 | 5,128 | Off Market | |
0.09 | $625,900 | 4 | 3 | 2,380 | Off Market | |
0.11 | $578,300 | 4 | 2 | 1,176 | Off Market | |
0.13 | $321,700 | 2 | 1 | 1,640 | Off Market | |
0.14 | $600,500 | 3 | 2 | 1,908 | Off Market | |
0.14 | $635,200 | 3 | 2 | 1,326 | Off Market | |
0.16 | $624,100 | 2 | 3 | 1,456 | Off Market | |
0.18 | $533,300 | 1 | 1 | 1,360 | Off Market | |
0.19 | $405,800 | 2 | 2 | - | Off Market | |
0.19 | - | - | - | - | Off Market | |
0.21 | $519,300 | 2 | 1 | 1,032 | Off Market | |
0.23 | $662,700 | 3 | 2 | 2,100 | Off Market | |
0.24 | - | - | - | - | Off Market | |
0.24 | $277,000 | 2 | 2 | - | Off Market | |
0.25 | $828,000 | 3 | 2 | 2,196 | Off Market | |
0.25 | $249,700 | 4 | 1 | 1,400 | Off Market | |
0.25 | $554,800 | 2 | 1 | 1,436 | Off Market | |
0.25 | $505,900 | 2 | 2 | 1,824 | Off Market | |
0.26 | $169,000 | 1 | 1 | 792 | Off Market | |
0.27 | $280,600 | 2 | - | 573 | Off Market |
Local Information
- Map ViewExplore the area around 540 Loop Rd.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Single-Family Home
Built in 2007
2.6 acre lot
3,160 sqft
$225/sqft
Garage
About this House
What's unique:Sweeping viewsPrivate woodsIncredible viewSoaring ceilingsPrimary suiteHandcrafted log home
Here's a Northwoods retreat people dream about but rarely find. This handcrafted log home on Farm Lake wraps you in warmth the moment you walk in — over 2,400 sq ft, wrapped in timber and sunlight. The main level is designed for togetherness: new custom kitchen cabinets, quartz countertops, a comfortable dining area, and a living room anchored by a cozy wood-burning stove. Two bedrooms & a full bath complete this level. Head up to the 700+ sq ft loft, with soaring ceilings, built-ins, and sweeping views make the space feel tucked-away and inspiring an artist’s nook or simply reading a book while the pines sway outside your window. The walk-out level is its own retreat, featuring the Primary Suite, a utility/laundry room, and a rec room made for hosting. Private woods take you to the 220 ft of shoreline. Incredible view from the custom built 100 ft perm newer dock, complete with benches and a kayak step, makes slipping into the lake a breeze Best of all the BWCA is just a paddle away.
540 Loop Rd, Ely, MN 55731 is a 3 bedroom, 2 bathroom, 3,160 sqft single-family home built in 2007. It last sold for $710,000 on Feb 6, 2026 (1% below the $719,900 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $719,300, with a rent estimate of $2,658/month.
Last check for updates: about 11 hours ago
Listed by Andrea Zupancich, (218) 749-0159
Z' Up North Realty
Bought with: Lisa Poppenhagen, (218) 235-7836, Ely Realty
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6123162
Home Details for 540 Loop Rd
|
|---|
Interior Details Basement: Full,Finished,Walkout,Bath,Bedrooms,Family/Rec Room,Utility Room,Washer Hook-Ups,Dryer Hook-UpsNumber of Rooms: 8Types of Rooms: Bedroom, Family Room, Kitchen, Living Room, Loft, Utility Room |
Beds & Baths Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1 |
Dimensions and Layout Living Area: 3160 Square FeetFoundation Area: 840 |
Appliances & Utilities Appliances: Water Heater-Electric, Dishwasher, Dryer, Microwave, Range, Refrigerator, WasherDishwasherDryerMicrowaveRefrigeratorWasher |
Heating & Cooling Heating: Wood,ElectricHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Wood |
Fireplace & Spa Number of Fireplaces: 1Fireplace: Wood BurningHas a Fireplace |
Gas & Electric Electric: City Of Ely |
Levels, Entrance, & Accessibility Number of Stories: 1 |
View Has a ViewView: Inland Lake |
|
|---|
Exterior Home Features Roof: Asphalt ShinglePatio / Porch: Deck, PorchFoundation: Concrete Perimeter |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached |
Frontage WaterfrontWaterfront: Inland Lake, Waterfront Access(Private)On Waterfront |
Water & Sewer Sewer: Private SewerWater Body: Farm |
Farm & Range Frontage Length: 220 |
Finished Area Finished Area (above surface): 1580 Square FeetFinished Area (below surface): 1580 Square Feet |
|
|---|
Cumulative Days on Market: 7 |
|
|---|
Year Built Year Built: 2007 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional |
Building Construction Materials: Log, Frame/Wood |
Property Information Condition: Previously OwnedParcel Number: 28631133337 |
|
|---|
Price List Price: $719,900Price Per Sqft: $225/sqft |
Status Change & Dates Off Market Date: Mon Dec 22 2025Possession Timing: Close Of Escrow |
|
|---|
MLS Status: SOLD |
|
|---|
Direction & Address City: Ely |
School Information High School District: Ely #696 |
|
|---|
No HOA |
|
|---|
Lot Area: 2.6 Acres |
|
|---|
Listing Terms: Cash, Conventional, VA Loan |
|
|---|
BasementMls Number: 6123162Water ViewWater View: LakeAttribution Contact: ***Above Grade Unfinished Area: 1580 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Feb 6, 2026 Source: Lake Superior Area Realtors as distributed by MLS GRID #6123162 | Sold | $710,000 |
Jan 18, 2026 Source: Lake Superior Area Realtors as distributed by MLS GRID #6123162 | Pending | $719,900 |
Dec 10, 2025 Source: Range AOR #149371 | Listed For Sale | $719,900 |
Feb 5, 2021 Source: N/A | Sold | $335,000 |
Jan 12, 2021 Source: Lake Superior Area Realtors as distributed by MLS GRID #6094388 | Pending | $335,000 |
Jan 6, 2021 Source: Lake Superior Area Realtors as distributed by MLS GRID #6094388 | Contingent | $335,000 |
Dec 22, 2020 Source: Agent Provided | Pending | $335,000 |
Dec 16, 2020 Source: Agent Provided | Listed For Sale | $335,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,615 | $483,000 |
Home facts updated by county records
Market trends in Ely
Last updated August 2026
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.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Based on information submitted to the MLS GRID as of 2026-10-03 13:18:11 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 540 Loop Rd
- What is 540 Loop Rd estimated to be worth?Trulia's estimated value for 540 Loop Rd in Ely, MN is $719,300.
- What is the price history for 540 Loop Rd?540 Loop Rd in Ely, MN last sold for $710,000 in February 2026.
- 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 540 Loop Rd have air conditioning?Yes, 540 Loop Rd in Ely, MN has air conditioning.
- Does 540 Loop Rd have laundry facilities?Yes, 540 Loop Rd in Ely, MN has in-unit laundry.
Apartments for Rent
PET FRIENDLYFURNISHED
See more homes for rent inEly
Off Market Homes Near 540 Loop Rd
SOLDAUG 28, 2026Jeff Hway, Bear Island Realty LLC
SOLDAUG 24, 2026Lori Schulze, Keller Williams Classic Realty NW - Ely
SOLDJUL 31, 2026Jeff Hway, Bear Island Realty LLC
SOLDJUL 17, 2026Patricia Bulinski, Bear Island Realty LLC
SOLDJUL 6, 2026
SOLDMAY 29, 2026Jeff Hway, Bear Island Realty LLC
SOLDMAY 27, 2026Michele Mayry, Northland Realty LLC
See more homes for sale inEly
Homes for sale near 540 Loop Rd
1.5 ACRESLori Schulze, Keller Williams Classic Realty NW - Ely
13 ACRESPatricia Bulinski, Bear Island Realty LLC
NEW - 2 DAYS AGO4.5 ACRESPatricia Bulinski, Bear Island Realty LLC
1.95 ACRESPatricia Bulinski, Bear Island Realty LLC
10.19 ACRESAnna Yahnke, Bear Island Realty LLC- See more homes for sale inEly
- Results are loading