Welcome to "A Welcome to Ely" residential property listing located just south of town that is perfect for families looking for a year-round vacation spot in the Ely area. This property is just a few miles from the Boundary Waters and the famous Kawishiwi River/Birch Lake chain, which offers excellent year-round recreational activities. This ranch rambler-style house is an affordable option for those who are not yet ready to retire but are looking for a place to relax and enjoy the beauty of Ely. It's an excellent option for people looking to downsize, with a sizeable 4.4-acre yard and garage. The house has two bedrooms, a bathroom, and an open living room/kitchen area with tiled floors. The living room overlooks an expansive deck perfect for watching the Northern Lights. The lower level of the house has a bar/recreational area and two bonus rooms that could be turned into bedrooms by installing egress windows. The 10 x 19 utility room has a washer, dryer, fuel oil furnace, and an off-peak electrical panel for two off-peak storage heat units. The sizeable recreational deck wraps around the west to east of the north side of the home, extending the seasonal recreational area. This home has a large yard with two horseshoe pits, a generous open lawn, and a garden area. The large 36 x 60 garage has one 10-foot and one 8-foot door, providing plenty of space for washing or repairing vehicles and recreational vehicles. The garage is insulated and heated with in-floor heat and has a year-round insulated underground waterline service to the garage, complete with a water heater. The garage has an enormous indoor kennel with an insulated/lockable pet door to access the outdoor run. A large, professionally installed chain-link fence has been added to protect and contain dogs or other pets. As soon as weather permits, the septic system will be upgraded from Non-Conforming to compliance this spring.
Sold for $349,000 on 05/31/24
$349,000
1543 Highway 1, Ely, MN 55731
2beds
1,392sqft
Single Family Residence
Built in 1968
4.4 Acres Lot
$350,300 Zestimate®
$251/sqft
$1,540 Estimated rent
Home value
$350,300
$319,000 - $382,000
$1,540/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 08, 2025 at 04:20pm
Listed by:
Jerry Fink 218-343-1318,
Canoe Capital Realty, LLC
Bought with:
Julian Rasmusson, MN 40637100
Z' Up North Realty
Source: Lake Superior Area Realtors,MLS#: 6112066
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 130 Square Feet
- Dimensions: 10 x 13
Bedroom
- Level: Main
- Area: 126 Square Feet
- Dimensions: 10 x 12.6
Bathroom
- Description: Remodeled - Tile
- Level: Main
- Area: 63 Square Feet
- Dimensions: 7 x 9
Bonus room
- Description: Extra room - possible bedroom with an egress window install
- Level: Lower
- Area: 96 Square Feet
- Dimensions: 8 x 12
Bonus room
- Description: Storage or -
- Level: Lower
- Area: 110 Square Feet
- Dimensions: 10 x 11
Family room
- Description: Carpeted - Bar Area
- Level: Lower
- Area: 264 Square Feet
- Dimensions: 12 x 22
Kitchen
- Description: Island, Tile, Open design
- Level: Main
- Area: 175 Square Feet
- Dimensions: 12.5 x 14
Living room
- Description: Open design to kitchen - Carpet
- Level: Main
- Area: 165 Square Feet
- Dimensions: 11 x 15
Utility room
- Description: Washer Dryer utility room
- Level: Lower
- Area: 190 Square Feet
- Dimensions: 10 x 19
Heating
- Baseboard, Boiler, Dual Fuel/Off Peak, Radiant, Electric
Appliances
- Included: Water Heater-Electric, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Flooring: Tiled Floors
- Windows: Energy Windows, Vinyl Windows
- Basement: Full,Partially Finished,Den/Office,Family/Rec Room,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
- Has fireplace: No
Interior area
- Total interior livable area: 1,392 sqft
- Finished area above ground: 768
- Finished area below ground: 624
Property
Parking
- Total spaces: 6
- Parking features: Gravel, Off Street, Detached, Drains, Electrical Service, Heat, Insulation, Plumbing
- Garage spaces: 6
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
- Exterior features: Dog Run, Rain Gutters
- Fencing: Partial
- Has view: Yes
- View description: Panoramic, Typical, Valley
Lot
- Size: 4.40 Acres
- Dimensions: 450 x 450
- Features: Landscaped, Many Trees, High, Level
- Residential vegetation: Heavily Wooded
Details
- Additional structures: Kennels
- Foundation area: 768
- Parcel number: 465001003632, 465001003633
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl, Concrete Block, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle
Condition
- Year built: 1968
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Drain Field, Private Sewer
- Water: Drilled, Private
- Utilities for property: Satellite
Community & neighborhood
Location
- Region: Ely
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 5/31/2024 | Sold | $349,000-5.7%$251/sqft |
Source:  Lake Superior Area Realtors #6112066 | ||
| 4/20/2024 | Pending sale | $369,900$266/sqft |
Source: Lake Superior Area Realtors #6112066 | ||
| 3/20/2024 | Price change | $369,900-2.6%$266/sqft |
Source: Lake Superior Area Realtors #6112066 | ||
| 1/29/2024 | Listed for sale | $379,900+8.5%$273/sqft |
Source: Lake Superior Area Realtors #6112066 | ||
| 7/3/2023 | Sold | $350,000-2.5%$251/sqft |
Source: Range AOR #145070 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,078 +6.6% | $332,200 +29.3% |
| 2023 | $1,950 +7.6% | $256,900 +13.9% |
| 2022 | $1,812 +7.5% | $225,500 +15.3% |
Find assessor info on the county website
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 5.1 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 5 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 5 mi
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