Is there wildlife in Ely, MN?

As of early 2026, 93% of users say there's wildlife

Do kids play outside in Ely, MN?

As of early 2026, 90% of users say kids play outside

Is a car needed in Ely, MN?

As of early 2026, 89% of users say car is needed

Is parking easy in Ely, MN?

As of early 2026, 88% of users say parking is easy

As of early 2026, 86% of users say it's quiet

Are yards well-kept in Ely, MN?

As of early 2026, 83% of users say yards are well-kept

Is Ely, MN dog-friendly?

As of early 2026, 83% of users say it's dog friendly

Does Ely, MN show holiday spirit?

As of early 2026, 80% of users say there's holiday spirit

Would people walk alone at night in Ely, MN?

As of early 2026, 78% of users say people would walk alone at night

Is Ely, MN walkable to restaurants?

As of early 2026, 77% of users say it's walkable to restaurants

Does Ely, MN have sidewalks?

As of early 2026, 75% of users say there are sidewalks

Are the streets well-lit in Ely, MN?

As of early 2026, 73% of users say streets are well-lit

Are neighbors friendly in Ely, MN?

As of early 2026, 72% of users say neighbors are friendly

Is Ely, MN walkable to grocery stores?

As of early 2026, 69% of users say it's walkable to grocery stores

Are there community events in Ely, MN?

As of early 2026, 45% of users say there are community events

Do residents of Ely, MN plan to stay at least 5 years?

As of early 2026, 36% of users say they plan to stay for at least 5 years

What is 97950 Lake Vermilion N estimated to be worth?

Trulia's estimated value for 97950 Lake Vermilion N in Tower, MN is $1,451,800 .

Is Tower a buyer's or seller's market?

Tower is currently a buyer's market, based on recent for-sale activity.

What do residents say about Tower?

Residents describe Tower, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Tower, MN .

What are the closest schools to 97950 Lake Vermilion N?

The closest schools to 97950 Lake Vermilion N in Tower, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).

OFF MARKET

97950 Lake Vermilion N
Tower, MN 55790

Studio

$1,451,800

Trulia Estimate

as of Aug 19, 2026

Est. Refi. Payment $8,788/mo*

Refinance Your Home

$1,451,800

Trulia Estimate

as of Aug 19, 2026

Est. Refi. Payment $8,788/mo*

Refinance Your Home

Studio

Home Value

Trulia Estimate

$1.45M

Since last month

$10K (+0.7%)

Since last year

$44K (-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 -3% in the last 10 years

Month	Estimated value
2026
August 2026	$1.43M
July 2026	$1.42M
June 2026	$1.49M
May 2026	$1.47M
April 2026	$1.41M
March 2026	$1.45M
2025
September 2025	$1.49M
August 2025	$1.47M

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
4891 Lake Vermilion N, Tower, MN	1.00	Single-Family Home	$229,000	07/24/26	2	-	1,219
5322 S Ely Island, Tower, MN	3.38	Single-Family Home	$190,000	09/02/25	1	-	434
5327 Pine Island Lake Vermilion Is, Tower, MN	3.41	Single-Family Home	$365,000	06/01/26	2	1	823
5399 Lake Vermilion N, Ely, MN	3.83	Single-Family Home	$106,000	04/06/26	1	-	432
3810 Mud Creek Rd, Ely, MN	4.26	Single-Family Home	$110,000	05/06/26	2	-	840
1739 Bear Head State Park Rd, Ely, MN	4.38	Single-Family Home	$265,000	06/09/26	2	1	1,346
10 Jasper St, Soudan, MN	4.63	Single-Family Home	$75,000	07/31/26	3	1.5	25
34 2nd Ave, Soudan, MN	4.66	Single-Family Home	$85,000	07/09/26	4	1	896
25 4th Ave, Angora, MN	4.68	Single-Family Home	$112,000	02/20/26	2	1	850
5 Superior St, Soudan, MN	4.68	Single-Family Home	$130,000	11/18/25	3	2	1,617

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
TBD Mud Creek Bay, Tower, MN 55790	0.27	-	-	-	-	Off Market
4821 N Lake Vermilion, Tower, MN 55790	0.82	$719,800	2	1	1,643	Off Market
4891 Lake Vermilion N, Tower, MN 55790	1.00	$229,000	2	-	1,219	Recently Sold
Vermilion Lake N, Tower, MN 55790	1.08	-	-	-	-	Off Market
TBD LaRue Mine Rd, Ely, MN 55731	1.27	-	-	-	-	Off Market

Local Information

Map ViewExplore the area around 97950 Lake Vermilion N.
Schools1 Preschool School1 Elementary School1 Middle School1 High School
Shop & Eat

-- mins to

Commute Destination

About this House

97950 Lake Vermilion N is in Tower, MN and in ZIP code 55790.

97950 Lake Vermilion N, Tower, MN 55790 is a studio property. It is currently off market. The Trulia Estimate is $1,451,800, with a rent estimate of $4,772/month.

Additional Cost

Market trends in Ely

Last updated July 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

2MoM

Around this home

Tower-Soudan Elementary School
PK-6
Public
95 Students
St. Louis County School District
5/10
GreatSchools Rating
Parent Rating Average
This school encourages and gets full interaction of parents, students and the community.
Other Review
15y ago
1 Reviews

View nearby schools on GreatSchools

The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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
Resident
1y ago
"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
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Derek H.
Resident
6y ago
"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.
Resident
6y ago
"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.
Resident
6y ago
"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
Resident
6y ago
"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.
Resident
7y ago
"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 97950 Lake Vermilion N

What is 97950 Lake Vermilion N estimated to be worth?
Trulia's estimated value for 97950 Lake Vermilion N in Tower, MN is $1,451,800.
Is Tower a buyer's or seller's market?
Tower is currently a buyer's market, based on recent for-sale activity.
What do residents say about Tower?
Residents describe Tower, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Tower, MN.
What are the closest schools to 97950 Lake Vermilion N?
The closest schools to 97950 Lake Vermilion N in Tower, MN are Northeast Range Secondary (Middle/High, rated 6/10), Tower-Soudan Elementary School (Pre-K, rated 5/10).

Apartments for Rent

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Off Market Homes Near 97950 Lake Vermilion N

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Homes for sale near 97950 Lake Vermilion N

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40 ACRES
$369,000
2 bd
1 ba
1,450 sqft
4304 Mud Creek Rd,
Ely, MN 55731
Jeff Hway, Bear Island Realty LLC
20 ACRES
$589,000
2 bd
1 ba
1,188 sqft
4151 Mud Creek Rd,
Ely, MN 55731
Anna Yahnke, Bear Island Realty LLC
1.1 ACRES
$449,500
2 bd
1 ba
825 sqft
5250 Mud Creek Rd,
Tower, MN 55790
Lisa Janisch, Janisch Realty Inc.
1.1 ACRES
$449,500
2 bd
1 ba
825 sqft
5250 Mud Creek Rd,
Ely, MN 55731
Janisch Realty, Inc
2.6 ACRES
$325,000
2 bd
1 ba
823 sqft
5327 Pine Is N,
Tower, MN 55790
eXp Realty
4.51 ACRES
$359,000
2 bd
1 ba
1,107 sqft
5399 Pine Is N,
Tower, MN 55790
eXp Realty
1 ACRE
$230,000
2 bd
647 sqft
5372 S Ely Island,
Tower, MN 55790
Sherry Anderson, Vermilion Land Office, Inc
2.14 ACRES
$275,000
2 bd
426 sqft
5298 Long Island,
Tower, MN 55790
Andrea Zupancich, Z' Up North Realty
16.5 ACRES
$359,000
240 sqft
5441 N Ely Island,
Tower, MN 55790
Barb Hegg, Vermilion Land Office, Inc
85 ACRES
$749,000
2 bd
1.5 ba
2,008 sqft
5497 N Pine Island,
Tower, MN 55790
Lisa Janisch, Janisch Realty Inc.
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