5731 Mountain Ave, Ely, MN 55731
Property image
Property image
OFF MARKET

$218,400

Trulia Estimate
  • 2 Beds
  • 2 Baths
  • 1,312 sqft

5731 Mountain Ave, Ely, MN 55731

Est. Refi. Payment $1,386/mo*
Refinance Your Home
Currently Off Market - Sold Sep 29, 2023 for $175,525

Home Value

Trulia Estimate
$218K
Since last month
Increased$6K (+2.9%)
Since last year
Increased$19K (+9.4%)
Since last sale
Increased$43K (+24.4%)
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 +31% in the last 10 years
MonthEstimated value
2026
August 2026$218K
July 2026$212K
June 2026$222K
May 2026$221K
April 2026$211K
March 2026$210K
February 2026$201K
January 2026$200K
2025
2024
2023

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
27 E Harvey St, Ely, MN
0.25
Single-Family Home
$172,000
04/14/26
2
1.5
1,041
235 E Harvey St, Ely, MN
0.35
Single-Family Home
$164,000
06/18/26
3
2
1,299
2 E Conan St, Ely, MN
0.32
Single-Family Home
$178,000
08/24/26
3
2
1,472
416 E Camp St, Ely, MN
0.40
Single-Family Home
$200,000
01/09/26
2
1.5
1,550
45 W Chapman St, Ely, MN
0.15
Single-Family Home
$115,000
06/29/26
4
1.5
1,500
23 W Harvey St, Ely, MN
0.21
Single-Family Home
$190,000
04/06/26
4
1.5
2,484
123 W Chapman St, Ely, MN
0.14
Single-Family Home
$70,000
10/13/25
2
1
1,329
137 E Boundary St, Ely, MN
0.56
Single-Family Home
$209,000
12/12/25
2
2
1,287
232 W Sheridan St, Ely, MN
0.13
Single-Family Home
$194,000
10/06/25
3
1
963

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
15 W Shagawa Rd, Ely, MN 55731
0.04
$179,000
3
2
1,478
Off Market
25 W Shagawa Rd, Ely, MN 55731
0.04
$142,900
2
1
1,005
Off Market
8 W Shagawa Rd, Ely, MN 55731
0.04
$174,700
3
2
1,768
Off Market
32 W Shagawa Rd, Ely, MN 55731
0.03
$203,700
4
2
2,520
Off Market
1687 Pine Rd, Ely, MN 55731
0.03
$132,400
2
1
951
Off Market
42 W Shagawa Rd, Ely, MN 55731
0.06
$111,000
1
1
852
Off Market
48 W Shagawa Rd, Ely, MN 55731
0.08
-
-
-
-
Off Market
56 W Shagawa Rd, Ely, MN 55731
0.09
$173,700
2
1
756
Off Market
101 W Railroad St, Ely, MN 55731
0.14
$299,000
3
2
1,680
For Sale
230 W Camp St, Ely, MN 55731
0.09
$118,999
3
1.5
2,012
For Sale
XX Pioneer Dr, Ely, MN 55731
0.10
-
-
-
-
Off Market

Local Information

  • Map ViewExplore the area around 5731 Mountain 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
1956
Living Area
1,312 sqft
Price/Sqft
$166
Parking
Garage

About this House

Absolutely adorable 2+ bedroom 1.5 bath home located near the downtown amenities in Mt Iron. The home has been completely remodeled on the main level including a new custom eat in kitchen complete with a blue tooth capable hood vent, new flooring, cabinets, sink, and countertops. There is new flooring throughout, a new bathroom from tub to vanity to the toilet! There are 2 main level bedrooms both with large closets. The lower level features a possible 3rd bedroom (no egress), laundry area, and a storage pantry. Head out the back door of the house to the breezeway that's connected to the 2 stall garage. There is a portion of yard fenced in along with a wheelchair ramp and front porch.
5731 Mountain Ave, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 1,312 sqft single-family home built in 1956. It last sold for $175,525 on Sep 29, 2023 (2% above the $172,500 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $218,400, with a rent estimate of $1,724/month.
Last check for updates: about 17 hours ago
Listed by Rachel Lacount
Northwoods Land Office
Bought with: Laurentian Realty
Source: Range AOR, MLS#145408

Home Details for 5731 Mountain Ave

Interior Features

Interior Details
Basement: FullNumber of Rooms: 5Types of Rooms: Bedroom 1, Bedroom 2, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2
Dimensions and Layout
Living Area: 1312 Square Feet
Appliances & Utilities
Utilities: Water Connected, Sewer Connected, Natural Gas Connected
Heating & Cooling
Heating: Natural Gas,Hot WaterHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Natural Gas
Gas & Electric
Electric: Amps: 100
Levels, Entrance, & Accessibility
Levels: One

Exterior Features

Exterior Home Features
Roof: Asphalt ShinglePatio / Porch: Deck, CoveredFencing: Partial
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageParking Spaces: 2Parking: 2 Stalls
Frontage
Waterfront: 0 - NoneNot on Waterfront
Finished Area
Finished Area (below surface): 1050

Property Information

Year Built
Year Built: 1956
Property Type / Style
Property Type: ResidentialProperty Subtype: Residential
Building
Construction Materials: Partial Brick, Steel Siding, Wood Frame
Property Information
Parcel Number: 175001002030

Price & Status

Price
List Price: $172,500

Active Status

MLS Status: Sold CO OP by Member

Location

Direction & Address
City: Mt Iron
School Information
Elementary School District: Mt Iron/Buhl-712Jr High / Middle School District: Mt Iron/Buhl-712High School District: Mt Iron/Buhl-712

Building

Building Area
Building Area: 2100 Square Feet

Lot Information

Lot Area: 4440 sqft

Miscellaneous

BasementMls Number: 145408

Price and Tax history

DateEventPrice
Sep 29, 2023
Source: Range AOR #145408
Sold
$175,525
Aug 15, 2023
Source: Range AOR #145408
Contingent
$172,500
Jul 25, 2023
Source: Range AOR #145408
PriceChange
$172,500
Price decreased by 4%
Jul 15, 2023
Source: Range AOR #145408
Listed For Sale
$180,000

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

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Frequently asked questions about 5731 Mountain Ave

  • What is 5731 Mountain Ave estimated to be worth?
    Trulia's estimated value for 5731 Mountain Ave in Ely, MN is $218,400.
  • What is the price history for 5731 Mountain Ave?
    5731 Mountain Ave in Ely, MN last sold for $175,525 in September 2023.
  • 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 5731 Mountain Ave have air conditioning?
    Yes, 5731 Mountain Ave in Ely, MN has air conditioning.
  • How big is the lot at 5731 Mountain Ave?
    The lot at 5731 Mountain Ave in Ely, MN is about 0.10 acres (4,440 sq ft).

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