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Sold for $439,000
  • $439,000

    1493 Inspiration Road, Ely, MN 55731

    3beds
    2,085sqft
    Single Family Residence
    Built in 2008
    10.45 Acres Lot
    $439,300 Zestimate®
    $211/sqft
    $2,554 Estimated rent

    Home value

    $439,300

    $417,000 - $461,000

    $2,554/mo

    Zestimate® history
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    What's special

    Maintenance free sidingStorage buildingFully enclosed front porchHuge dream workshopStorage roomSteel roofNice half circle driveway
    Lovely 3 bedroom, 2 bath country home located just 2 miles south of Ely on a quiet, private road off of Highway 1. Home has a total of over 3000 sq. ft, was built in 2008, and has aprox 10.5 acres of wooded privacy. The home features a very convenient attached 2 stall garage, maintenance free siding, and very efficient triple pane windows! The main floor has a large kitchen with breakfast bar, a nice pantry, and opens right into the dining room with windows on 3 sides to fully enjoy the peaceful wooded views, the living room with propane fireplace, large main bedroom with huge walk in closet, a second bedroom, 3/4 bath, and a combo laundry and entry room that leads to the attached garage. Downstairs is the huge 3rd bedroom, which could also be a great rec/family room, a full bath, utility room, storage room, and a huge dream workshop..that could be converted to another use if desired. Home has in-floor hot water heating on the lower level, and off peak electric/propane hot water heat on the main floor. Also, a nice half circle driveway, a fully enclosed front porch, steel roof, and a storage building. All of this on a private 10.45 acre parcel just a few minutes from Ely!

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeff Hway 218-349-0906,

    Bear Island Realty LLC,

    Zachary Hway 651-341-0383,

    Bear Island Realty LLC

    Bought with:

    Chris Eilrich, MN 40199284

    Wildwoods Land Company

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6125087MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    • Main level bedrooms: 1
    Rooms
    • Room types: Enclosed Porch, Family/Rec
    Primary bedroom
    • Description: room has an extra large walk-in closet.
    • Level: Main
    • Area: 279.5 Square Feet
    • Dimensions: 13 x 21.5
    Bedroom
    • Level: Main
    • Area: 148.5 Square Feet
    • Dimensions: 9 x 16.5
    Bedroom
    • Description: could also be a family or rec room.
    • Level: Lower
    • Area: 147 Square Feet
    • Dimensions: 7 x 21
    Bathroom
    • Description: Full Bath
    • Level: Lower
    • Area: 72.25 Square Feet
    • Dimensions: 8.5 x 8.5
    Bathroom
    • Description: 3/4 bath with shower
    • Level: Main
    • Area: 72 Square Feet
    • Dimensions: 8 x 9
    Dining room
    • Description: Windows on 3 sides offering fantastic views
    • Level: Main
    • Area: 156 Square Feet
    • Dimensions: 12 x 13
    Kitchen
    • Description: With a separate pantry room.
    • Level: Main
    • Area: 279.5 Square Feet
    • Dimensions: 13 x 21.5
    Laundry
    • Description: In room that connects the home to the attached garage
    • Level: Main
    • Area: 99 Square Feet
    • Dimensions: 9 x 11
    Living room
    • Level: Main
    • Area: 279.5 Square Feet
    • Dimensions: 13 x 21.5
    Storage
    • Level: Lower
    • Area: 63.75 Square Feet
    • Dimensions: 7.5 x 8.5
    Utility room
    • Level: Lower
    • Area: 68 Square Feet
    • Dimensions: 8 x 8.5
    Workshop
    • Description: extra large workshop with utility sink
    • Level: Lower
    • Area: 546 Square Feet
    • Dimensions: 21 x 26
    Heating
    • Boiler, Dual Fuel/Off Peak, In Floor Heat, Propane, Electric
    Cooling
    • None
    Appliances
    • Included: Water Heater-Electric, Dishwasher, Dryer, Range, Refrigerator, Washer
    • Laundry: Main Level, Dryer Hook-Ups, Washer Hookup
    Features
    • Ceiling Fan(s), Eat In Kitchen, Walk-In Closet(s)
    • Windows: Triple Glazed
    • Basement: Full,Egress Windows,Partially Finished,Walkout,Bath,Bedrooms,Utility Room
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,085 sqft
    • Finished area above ground: 1,655
    • Finished area below ground: 430

    Property

    Parking
    • Total spaces: 2
    • Parking features: Gravel, Attached, Electrical Service, Slab
    • Attached garage spaces: 2
    Features
    • Has view: Yes
    • View description: Panoramic
    Lot
    • Size: 10.45 Acres
    • Dimensions: 700 x 650
    • Features: Tree Coverage - Medium, Rolling Slope
    Details
    • Additional structures: Other
    • Foundation area: 1400
    • Parcel number: 465001001622
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Vinyl, Frame/Wood
    • Foundation: Concrete Perimeter, Insulated Form
    Condition
    • Previously Owned
    • Year built: 2008

    Utilities & green energy

    • Electric: Lake Country Power
    • Sewer: Private Sewer, Mound Septic
    • Water: Drilled
    • Utilities for property: DSL

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Ely

    Financial & listing details

    • Price per square foot: $211/sqft
    • Tax assessed value: $371,900
    • Annual tax amount: $2,921
    • Date on market: 5/8/2026
    • Cumulative days on market: 12 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/30/2026Sold$439,000-2.2%$211/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6125087 Report a problem
    6/8/2026Pending sale$449,000$215/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6125087 Report a problem
    5/8/2026Listed for sale$449,000$215/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6125087 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$2,908 +6.1%$371,900 +9.7%
    2023$2,740 +6.9%$339,100 +14.1%
    2022$2,564 +6.8%$297,100 +15.4%
    2021$2,400 $257,400 +4.9%
    2020$2,400 $245,400
    2019$2,400 +6.2%$245,400 +1.8%
    2018$2,260 -0.9%$241,000
    2017$2,280 +0.9%$241,000 +9.1%
    2016$2,260 +10.7%$220,800 +8.6%
    2015$2,042 +2.1%$203,400 +1.8%
    2014$2,000 -10.8%$199,900 -9.3%
    2013$2,243 +2.9%$220,300 +7.5%
    2012$2,180 +10.4%$204,900
    2011$1,975 +7.3%$204,900
    2010$1,841 $204,900
    2009$1,841 +446.5%$204,900 +428.1%
    2008$337 +8.1%$38,800 +26.4%
    2007$312 +55.5%$30,700 +46.2%
    2006$200 $21,000
    Find assessor info on the county website

    Neighborhood: 55731

    Nearby schools

    GreatSchools rating
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