3062 Snowbank Lake Rd, Ely, MN 55731
OFF MARKET

$573,200

Trulia Estimate
  • Studio

3062 Snowbank Lake Rd, Ely, MN 55731

Est. Refi. Payment $3,811/mo*
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Home Value

Trulia Estimate
$573K
Since last month
Decreased$900 (-0.2%)
Since last year
Decreased$38K (-6.3%)
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 decreased by -12% in the last 10 years
MonthEstimated value
2026
October 2026$572K
September 2026$572K
August 2026$573K
July 2026$573K
June 2026$571K
May 2026$570K
April 2026$595K
March 2026$604K
February 2026$603K
January 2026$598K
2025

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
3459 Jackpine Ln, Ely, MN
0.16
Single-Family Home
$440,000
09/02/26
3
1
912
14575 Jackpine Tr, Ely, MN
0.23
Single-Family Home
$399,000
07/31/26
2
1
847
3062 Snowbank Rd, Ely, MN
1.81
Single-Family Home
$570,000
06/05/26
2
2
2,518
2779 Wolf Track Tr, Ely, MN
3.41
Single-Family Home
$420,000
06/30/26
3
2
975
14568 Moose Lake Rd, Ely, MN
3.52
Single-Family Home
$2,300,000
11/07/25
3
2
672
14632 Moose Lake Rd, Ely, MN
3.60
Single-Family Home
$230,500
05/22/26
1
1
656

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
Snowbank Lake Rd, Ely, MN 55731
0.00
-
5
-
-
Off Market
3549 Jackpine Ln #6, Ely, MN 55731
0.09
-
-
-
-
Off Market
XXX Jackpine Tr, Ely, MN 55731
0.09
-
-
-
-
Off Market
3447 Jackpine Ln, Ely, MN 55731
0.10
$607,100
Studio
1
912
Off Market
XXX Jackpine Trail, Ely, MN 55731
0.11
-
-
-
-
Off Market
3408 Snowbank Rd, Ely, MN 55731
0.12
$874,200
2
2
2,240
Off Market
3459 Jackpine Ln, Ely, MN 55731
0.16
$440,000
3
1
912
Recently Sold
14567 Jackpine Trl, Ely, MN 55731
0.17
$333,900
3
1
672
Off Market
3455 Jackpine Ln, Ely, MN 55731
0.17
$222,400
Studio
-
-
Off Market
3455 Jackpine Tr Unit 7, Ely, MN 55731
0.17
-
-
-
-
Off Market
14567 Jackpine Trail 5, Ely, MN 55731
0.18
$337,900
3
1
672
Off Market
3451 Jackpine Ln Unit # 8 CIC #18, Ely, MN 55731
0.18
$487,500
3
1
816
Off Market
3449 Jackpine Ln, Ely, MN 55731
0.18
$410,600
2
1
984
Off Market
14571 Jackpine Tr, Ely, MN 55731
0.19
$391,300
1
1
384
Off Market
14575 Jackpine Tr Unit #3, Ely, MN 55731
0.22
$398,000
3
1
840
Off Market
14579 Jackpine Tr Unit # 2, Ely, MN 55731
0.22
-
-
-
-
Off Market
14575 Jackpine Tr, Ely, MN 55731
0.23
$399,000
2
1
847
Recently Sold
14579 Jackpine Trl, Ely, MN 55731
0.23
-
-
-
-
Off Market
14583 Jackpine Tr Unit #1, Ely, MN 55731
0.24
-
-
-
-
Off Market
14583 Jackpine Trl, Ely, MN 55731
0.24
-
1
-
604
Off Market

Local Information

  • Map ViewExplore the area around 3062 Snowbank Lake Rd.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

What's unique:Very modern kitchenSpacious dining areaNatural cedar sidingGuest bedroomSpectacular great roomStunning pine interior doors
3062 Snowbank Lake Rd is in Ely, MN and in ZIP code 55731.
3062 Snowbank Lake Rd, Ely, MN 55731 is a studio property. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $573,200, with a rent estimate of $2,435/month.

Price and Tax history

DateEventPrice
Apr 15, 2026
Source: Lake Superior Area Realtors as distributed by MLS GRID #6124504
Listed For Sale
$619,000
Nov 6, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121350
ListingRemoved
$629,000
Oct 7, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121350
PriceChange
$629,000
Price decreased by 3%
Sep 9, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121350
PriceChange
$649,000
Price decreased by 4%
Aug 15, 2025
Source: Lake Superior Area Realtors as distributed by MLS GRID #6121350
Listed For Sale
$679,000

Market trends in Ely

Last updated August 2026
Buyer'sMarketSeller'sMarket
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.
  • 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 3062 Snowbank Lake Rd

  • What is 3062 Snowbank Lake Rd estimated to be worth?
    Trulia's estimated value for 3062 Snowbank Lake Rd in Ely, MN is $573,200.
  • 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 3062 Snowbank Lake Rd?
    The closest schools to 3062 Snowbank Lake Rd in Ely, MN are Kelley Secondary (Middle/High, rated 5/10), William Kelley Elementary School (Pre-K, rated 7/10).

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