SOLD MAY 29, 2026

Sold on May 2026

$359,000

•

3,274

sq ft

14108 Fall Lake Rd, Ely, MN 55731

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About this home

Large country home located approx. 6 miles east of Ely on the Fall Lake Road, and very near the Fall Lake public landing and campground, providing easy access to Fall Lake and the BWCAW! This property has approx. 3.2 acres, and directly adjoins thousands of acres of state and federal lands. The home has over 3000 square feet of living space and is one level over a full finished basement. There is also a second building (56'x16') that previously served as a store and bait shop serving the nearby landing and campground, and it also has a 2 bedroom, 1 bath apartment on the second floor that is currently rented. Back to the house: the main floor has a huge living room, large kitchen/dining room combo, 2 nice bedrooms, and a full bath. The lower level has a large rec room with a 2nd kitchen, a 3/4 bath, 2 nice bonus rooms, and a large storage room. Walkout door to the backyard. There are 2 covered porches on the home: 1 facing the front and the other facing the gorgeous peaceful woods! Also, a carport that attaches the house to the 4 car capacity garage. Brand new 4 bedroom septic system in 2024. This is a great property with lots of exciting options for the future.

TownhomeProperty Type

3.2 acresLot Size

$110Price/Sq.Ft.

4 car garageParking

Listed by Jeff Hway • Bear Island Realty LLC

Listed by • Bear Island Realty LLC

Contact: ***

Bought with Janet Erchul • Ely Realty

Redfin checked: a few seconds ago

•Source:LSAR #6124302

Redfin Estimate

$492,008

$133K since sold in May 2026$39K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5.7% higher than the average sale price ($465K) of 6 comparable homes.

SOLD JUL 31, 2026
$519,000
A
3 beds2 baths1,320 sq ft
413 Sunset Rd, Ely, MN 55731
SOLD FEB 6, 2026
$710,000
B
3 beds2 baths— sq ft
540 Loop Rd, Ely, MN 55731
SOLD DEC 8, 2025
$419,000
C
3 beds2 baths2,281 sq ft
386 Garden Lake Rd, Ely, MN 55731
SOLD NOV 17, 2025
$364,000
D
3 beds2 baths— sq ft
236 E Ahola Rd, Ely, MN 55731
SOLD APR 15, 2026
$169,800
E
2 beds2 baths— sq ft
51 Elm Blvd, Babbitt, MN 55706
SOLD JUL 29, 2026
$610,000
F
2 beds2 baths— sq ft
1787 N Bay Rd, Ely, MN 55731

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Market trends in 55731, MN

Last updated July 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

94.7%

0.3% MoM

Median sale price

$265K

$31K MoM

Avg. days on market

53d

0 days MoM

Recently sold homes

9 MoM

New listings for sale

NEW 4 HRS AGO
$749,000
1 bed— baths352 sq ft
2815 Schaeffer Rd, Ely, MN 55731
NEW 4 HRS AGO
$799,000
2 beds1 bath988 sq ft
2811 Schaeffer Rd, Ely, MN 55731
$259,000
3 beds1 bath1,064 sq ft
308 S 8th Ave. Ave E, Ely, MN 55731
$684,500
3 beds2 baths1,806 sq ft
214 Cedar Ln, Ely, MN 55731
VIDEO TOUR
$887,900
2 beds1 bath525 sq ft
3530 North Arm Rd, Ely, MN 55731
$117,000
3 beds1 bath918 sq ft
31 E Harvey St, Ely, MN 55731
3D WALKTHROUGH
$395,000
2 beds1 bath955 sq ft
13412 Bear Paw Trl, Ely, MN 55731
3D WALKTHROUGH
$449,000
2 beds2 baths1,389 sq ft
1772 Hwy 120, Ely, MN 55731
3D WALKTHROUGH
$850,000
3 beds2 baths1,904 sq ft
14653 & 14655 Hulstrand Rd, Ely, MN 55731
3D WALKTHROUGH
$370,000
2 beds1 bath728 sq ft
1583 Jewel Ridge Rd, Ely, MN 55731
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Rental estimate

Est. $2,348 per month, based on comparable rentals

Sale and tax history for 14108 Fall Lake Rd

Sale History
Tax History

Year

Property tax

Land + Additions

Assessment*

2026

$1,671 (−0.1%)

$56,900 + $210,200

$267,100

2025

$1,673 (+49.9%)

$45,000 + $213,700

$258,700

2024

$1,116 (+8.8%)

$45,000 + $227,600

$272,600

2023

$1,026 (−29.1%)

$45,000 + $181,900

$226,900

2022

$1,448 (+1.6%)

$40,800 + $126,200

$167,000

2021

$1,425 (−9.8%)

$39,900 + $121,400

$161,300

2020

$1,579

$42,300 + $123,200

$165,500

2019

$1,578 (−1.9%)

$42,300 + $124,900

$167,200

2018

$1,608 (−25.2%)

$42,400 + $126,700

$169,100

2017

$2,148 (+1.2%)

$48,300 + $183,400

$231,700

2016

$2,122 (−2.8%)

$48,700 + $185,600

$234,300

2015

$2,183 (+27.3%)

$48,700 + $187,700

$236,400

2013

$1,715

$42,200 + $189,900

$232,100

Public record

Beds

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

1.37 Acres

Year renovated

1974

Sq. Ft.

1,608

Year built

1974

Style

Single Family Residential

County

Lake County

APN

28-6311-15325

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 12, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 4
Parking Features: Attached

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 1
# of Three Quarter Bathrooms: 1

Heating & Cooling
Has Heating
Heating: Baseboard, Fireplace(s), Propane, Electric

Interior Features
Interior Features: Master Downstairs
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Gas

Room Information
Has Basement
Basement Details: Full, Finished

Exterior

Building Information
Above Grade Finished Area: 1,637
Below Grade Finished Area: 1,637
# of Stories Total: 1

Property Information
Property Type: Residential
Property Sub Type: Townhouse
Raw Mls Property Sub Type: Single Family Attached

Lot Information
Lot Size Dimensions: 610' x 300' (irregular)
Lot Size Acres: 3.2

Financial

Tax Information
Tax Annual Amount: $2,776

Utilities

Utility Information
Water Source: Well
Sewer: Private Sewer, Mound Septic

Location

Schools Information
High School District: Ely #696

Location Information
Directions: From Ely, go aprox 6 miles east on Highway 169, (which becomes the Fernberg Road), turn left and go aprox 1 mile to property on the right. Shown by appointment only.

Public facts

Beds: 3
Baths: —
Sq. Ft.: 1,608
Stories: —
Lot Size: 1.37 acres
Style: Single Family Residential
Year Built: 1974
Year Renovated: 1974
County: Lake County
APN: 28-6311-15325

Home facts updated by county records on Aug 12, 2026

Other

Listing Information
AttributionContact: ***

Around this home

0/100 Car-Dependent30/100 Somewhat bikeable

Schools
Places
Transit

Minnehaha Elementary School

Public PreK-5 • Assigned • 63.8mi

6/10

Two Harbors Secondary

Public 6-12 • Assigned • 62.0mi

7/10

Provided by GreatSchools

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

2/10 Fire Factor

0.00% chance of being in a wildfire in next 30 years

1/10 Heat Factor

7 days above 91° expected this year, 12 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

2/10 Air Factor

0 unhealthy days expected this year, 1 days in 30 years

Provided by First Street

Historical weather

Ely, MN • 55731

Average low and high temperatures (°F)

-5

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

96/ 100

Exceptional sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

11.8 hrs

6.1 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 55731

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Home values near 14108 Fall Lake Rd

Data from public records.

Address	Redfin Estimate
14054 Fall Lake Rd, Ely, MN 4 Beds \| 2 Baths \| 2200 Sq. Ft.	$424,474
14050 Fall Lake Rd, Ely, MN 3 Beds \| 2 Baths \| 3200 Sq. Ft.	$706,792

Address	Redfin Estimate
13872 Fall Lake Rd, Ely, MN - Beds \| - Baths \| - Sq. Ft.	$335,109
14126 Fall Lake Rd, Ely, MN 3 Beds \| - Baths \| 1152 Sq. Ft.	$298,201

Address	Redfin Estimate
14057 Fall Lake Rd, Ely, MN - Beds \| - Baths \| - Sq. Ft.	$293,899
14067 Fall Lake Rd, Ely, MN 3 Beds \| 1 Baths \| 900 Sq. Ft.	$449,192

Property information provided by LSAR when last listed in 2026. This data may not match . Learn more.

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