OFF MARKET

Off market oct 2020 for $335K

$506,105

Est. refi paymentEst. refi $1,744/mo

•

2,240

sq ft

1970 W Shagawa Rd, Ely, MN 55731

About this home

Reduced! Brand New 3 bedroom septic system just installed! First time on the market! Immaculate home on Shagawa lake just minutes from downtown Ely. Brand New 3 bedroom septic system just installed this past week! This two bedroom home with two full baths is completely finished. Lakeside living offers views of wildlife and spectacular western views of Shagawa Lake. Shagawa Lake is one of the greatest fishing and water recreation lakes Ely has to offer. This split entry home offers two levels of living. The upper level has two bedrooms, each with their own full baths. The lakeside kitchen, dining and living room areas concentrate unspoiled views of woods and water. The lower level is completely finished with a rec room, utility, study and a bonus large extra room. This area could be repurposed into a variety of ideas for the new owner. The lower level walks out into the attached garage. Outside is a 2 stall detached garage with workshop area with plenty of storage. There is a paved driveway with ample off street parking. The lot is private with 116 feet of lake shore. The lot is nicely tree covered and easy to get around. The deck just off the 3 season porch adds more area for those special private family gatherings. Just 2 miles from Downtown Ely, this could be your next vacation home or residence. Brand New 3 bedroom septic system just installed this past week!

Single-familyProperty Type

1980Year Built

0.5 acresLot Size

$226Est. Price/Sq.Ft.

3 car garageParking

Listed by Jerry Fink

Bought with Jerry Fink • Canoe Capital Realty, LLC

Redfin checked: 2 minutes ago

•Source:LSAR as distributed by WIREX #6090426

Redfin Estimate

$506,105

$171K since sold in October 2020$16K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 88.8% higher than the average sale price ($268K) of 6 comparable homes.

SOLD OCT 1, 2026
$418,000
A
2 beds2 baths— sq ft
2734 Bear Island River Rd, Ely, MN 55731
SOLD AUG 27, 2026
$265,000
B
3 beds2 baths2,042 sq ft
1505 E Harvey St, Ely, MN 55731
SOLD AUG 28, 2026
$171,500
C
2 beds2 baths— sq ft
32 Dogwood Blvd, Babbitt, MN 55706
SOLD NOV 17, 2025
$364,000
D
3 beds2 baths— sq ft
236 E Ahola Rd, Ely, MN 55731
SOLD JUL 30, 2026
$230,000
E
2 beds2 baths1,981 sq ft
22 Dogwood Blvd, Babbitt, MN 55706
SOLD SEP 11, 2026
$160,000
F
3 beds2 baths— sq ft
61 Cypress Blvd, Babbitt, MN 55706

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Earn from this home

Refinance

Est. cash available

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Rent

$2,580/mo

Redfin rental estimate

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Market trends in 55731, MN

Last updated September 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

93.8%

1.2% MoM

Median sale price

$273K

$4K MoM

Avg. days on market

62d

20 days MoM

Recently sold homes

7 MoM

New listings for sale

3D WALKTHROUGH
$499,000
2 beds1 bath832 sq ft
190 Onigum Trl, Ely, MN 55731
$675,000
2 beds1 bath960 sq ft
2166 Passi Rd, Ely, MN 55731
3D WALKTHROUGH
$585,000
2 beds2 baths1,775 sq ft
1877 Echo Trl, Ely, MN 55731
$390,000
4 beds2 baths1,400 sq ft
000 Fernberg Rd, Fall Lake Township, MN 55731
3D WALKTHROUGH
$674,000
4 beds2 baths2,720 sq ft
139 Fernberg Rd, Ely, MN 55731
$169,000
3 beds1 bath1,087 sq ft
34 N Klondike Dr, Ely, MN 55731
3D WALKTHROUGH
$450,000
2 beds2 baths1,260 sq ft
1875 Echo Trl, Ely, MN 55731
$429,900
2 beds1 bath998 sq ft
2793 Wolf Track Trl, Ely, MN 55731
See all

Provided by Redfin

Sale history for 1970 W Shagawa Rd

Year

Property tax

Land + Additions

Assessment*

2026

$2,548 (+0.6%)

$109,224 + $214,826

$324,050

2025

$2,532 (−24.1%)

$108,675 + $202,840

$311,515

2024

$3,336 (+9.6%)

$123,353 + $255,242

$378,595

2023

$3,044 (+25.0%)

$110,889 + $205,685

$316,574

2022

$2,436 (−7.4%)

$86,967 + $144,914

$231,881

2021

$2,632 (+8.8%)

$86,967 + $144,914

$231,881

2020

$2,420 (+8.9%)

$86,967 + $144,914

$231,881

2019

$2,222 (+8.3%)

$85,029 + $135,189

$220,218

2018

$2,052 (+9.9%)

$80,420 + $125,846

$206,266

2017

$1,868 (−16.7%)

$75,382 + $112,027

$187,409

2016

$2,242 (−0.4%)

$90,200 + $135,700

$225,900

2014

$2,251 (−5.3%)

$90,200 + $135,700

$225,900

2013

$2,378

$99,600 + $136,500

$236,100

Tax history for 1970 W Shagawa Rd

Year

Property tax

Land + Additions

Assessment*

2026

$2,548 (+0.6%)

$109,224 + $214,826

$324,050

2025

$2,532 (−24.1%)

$108,675 + $202,840

$311,515

2024

$3,336 (+9.6%)

$123,353 + $255,242

$378,595

2023

$3,044 (+25.0%)

$110,889 + $205,685

$316,574

2022

$2,436 (−7.4%)

$86,967 + $144,914

$231,881

2021

$2,632 (+8.8%)

$86,967 + $144,914

$231,881

2020

$2,420 (+8.9%)

$86,967 + $144,914

$231,881

2019

$2,222 (+8.3%)

$85,029 + $135,189

$220,218

2018

$2,052 (+9.9%)

$80,420 + $125,846

$206,266

2017

$1,868 (−16.7%)

$75,382 + $112,027

$187,409

2016

$2,242 (−0.4%)

$90,200 + $135,700

$225,900

2014

$2,251 (−5.3%)

$90,200 + $135,700

$225,900

2013

$2,378

$99,600 + $136,500

$236,100

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.84 Acres

Year renovated

—

Sq. Ft.

1,120

Year built

1980

Style

Single Family Residential

County

St. Louis County

APN

465-0051-00060

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 3
Parking Features: Off Street, Asphalt, Garage Door Opener, Attached, Detached

Interior

Bathroom Information
# of Full Bathrooms: 2

Heating & Cooling
Cooling: None
Has Heating
Heating: Fireplace(s), Electric

Interior Features
Interior Features: Master Downstairs
Window Features: Wood Frames
Appliances: Exhaust Fan, Microwave, Range, Refrigerator, Washer
Has Fireplace
# of Fireplaces: 2
Fireplace Features: Gas

Room Information
Laundry Features: Washer Hookup
Has Basement
Basement Details: Full, Finished

Exterior

Exterior Features
Patio And Porch Features: Deck, Porch, Enclosed
Roof: Asphalt, Shingle

Building Information
Above Grade Finished Area: 1,120
Below Grade Finished Area: 1,120
# of Stories Total: 1

Property Features
On Waterfront
Waterfront Features: Lake
Has View

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family Detached

Lot Information
Lot Features: Irregular Lot, Landscaped, Many Trees, Level
Water Body Name: Shagawa
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Road Frontage Type: City Street
Lot Size Dimensions: 116 x 200
Lot Size Acres: 0.5
Zoning Description: Residential

Financial

Tax Information
Tax Annual Amount: $2,420

Utilities

Utility Information
Water Source: Well
Utilities: Cable Available
Sewer: Mound Septic

Location

Schools Information
High School District: Ely #696

Location Information
Directions: North on Central Avenue to Right on West Shagawa Drive past the Forest Service Seaplane base to left at 1970 West Shagawa Road.

Public facts

Beds: 2
Baths: 3.0
Sq. Ft.: 1,120
Stories: 1.0
Lot Size: 0.84 acres
Style: Single Family Residential
Year Built: 1980
Year Renovated: —
County: St. Louis County
APN: 465-0051-00060

Home facts updated by county records on Aug 7, 2026

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 1.4mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 1.4mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 1.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

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

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

1/10 Heat Factor

7 days above 92° 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

In this area, properties receive around 8.4 hours in June and 2.7 hours in December, placing it below the U.S. average for solar exposure.

8.4 hrs

2.7 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

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New listings for sale in 55731

3D WALKTHROUGH

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3D WALKTHROUGH

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Home values near 1970 W Shagawa Rd

Data from public records.

Address	Redfin Estimate
1971 West Shagawa Rd, Ely, MN 3 Beds \| 3 Baths \| 2595 Sq. Ft.	$777,903
1951 West Shagawa Rd, Ely, MN 2 Beds \| 2 Baths \| 748 Sq. Ft.	$276,180

Address	Redfin Estimate
1936 West Shagawa Rd, Ely, MN 3 Beds \| 3 Baths \| - Sq. Ft.	$501,292
1988 West Shagawa Rd, Ely, MN 2 Beds \| 2 Baths \| - Sq. Ft.	$416,223

Address	Redfin Estimate
1933 West Shagawa Rd, Ely, MN 3 Beds \| 2.5 Baths \| 3400 Sq. Ft.	$975,381
1950 West Shagawa Rd, Ely, MN 3 Beds \| 2.5 Baths \| 2400 Sq. Ft.	$731,458

Property information provided by LSAR as distributed by WIREX when last listed in 2020. This data may not match . Learn more.

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