Google satellite image for 2337 Reed Rd, Ely, MN 55731

Off Market Dec 2000 for $900K

$1,671,864

Est. refi paymentEst. refi $5,585/mo

•

3 ba

•

2,650

sq ft

2337 Reed Rd, Ely, MN 55731

About this home

2337 Reed Rd is a 2,650 square foot house on a 11.26 acre lot with 4 bedrooms and 3 bathrooms. - it last sold on December 11, 2000 for $900,000. Based on Redfin's Ely data, we estimate the home's value is $1,671,864.

Single-familyProperty Type

1994Year Built

11.26 acresLot Size

$631Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$1,671,864

$772K since sold in December 2000$39K since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 130.1% higher than the average sale price ($727K) of 6 comparable homes.

SOLD JAN 12, 2026
$725,000
A
4 beds4 baths— sq ft
1883 Lindbeck Rd, Ely, MN 55731
SOLD NOV 21, 2025
$875,000
B
3 beds3 baths— sq ft
105 N Klondike Dr, Ely, MN 55731
SOLD JUL 17, 2026
$640,000
C
4 beds3 baths3,336 sq ft
2211 Spaulding Dr, Ely, MN 55731
SOLD AUG 12, 2026
$780,000
D
3 beds2 baths1,916 sq ft
1675 Bradach Rd, Ely, MN 55731
SOLD JUN 30, 2026
$439,000
E
3 beds2 baths2,085 sq ft
1493 Inspiration Rd, Ely, MN 55731
SOLD APR 1, 2026
$900,000
F
3 beds2 baths2,706 sq ft
2375 Viste Point Rd, Ely, MN 55731

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Earn from this home

Refinance

Est. cash available

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Rent

$3,644/mo

Redfin rental estimate

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Market trends in 55731, MN

Last updated August 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

95.2%

+0.5% MoM

Median sale price

$272K

$7K MoM

Avg. days on market

41d

12 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 32 HRS AGO
$160,000
2 beds1 bath1,064 sq ft
1211 E Camp St, Ely, MN 55731
3D WALKTHROUGH
$648,500
3 beds1 bath1,136 sq ft
5005 N Lake Vermilion, Tower, MN 55790
$749,000
1 bed— baths352 sq ft
2815 Schaeffer Rd, Ely, MN 55731
$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
See all

Provided by Redfin

Sale history for 2337 Reed Rd

Year

Property tax

Land + Additions

Assessment*

2026

$17,456 (+15.8%)

$921,100 + $763,200

$1,684,300

2025

$15,074 (+14.3%)

$802,000 + $632,500

$1,434,500

2024

$13,190 (+10.2%)

$716,900 + $547,900

$1,264,800

2023

$11,970 (+144.3%)

$609,500 + $456,000

$1,065,500

2022

$4,900 (−59.0%)

$518,200 + $397,400

$915,600

2021

$11,946 (+7.7%)

$518,200 + $397,400

$915,600

2020

$11,088 (+6.0%)

$518,200 + $397,400

$915,600

2019

$10,458 (+0.8%)

$507,100 + $381,300

$888,400

2018

$10,370 (−0.9%)

$507,100 + $381,300

$888,400

2017

$10,464 (−1.6%)

$507,100 + $381,300

$888,400

2016

$10,636 (−1.3%)

$533,400 + $381,300

$914,700

2014

$10,771 (−0.8%)

$540,400 + $381,300

$921,700

2013

$10,859

$540,400 + $381,300

$921,700

Tax history for 2337 Reed Rd

Year

Property tax

Land + Additions

Assessment*

2026

$17,456 (+15.8%)

$921,100 + $763,200

$1,684,300

2025

$15,074 (+14.3%)

$802,000 + $632,500

$1,434,500

2024

$13,190 (+10.2%)

$716,900 + $547,900

$1,264,800

2023

$11,970 (+144.3%)

$609,500 + $456,000

$1,065,500

2022

$4,900 (−59.0%)

$518,200 + $397,400

$915,600

2021

$11,946 (+7.7%)

$518,200 + $397,400

$915,600

2020

$11,088 (+6.0%)

$518,200 + $397,400

$915,600

2019

$10,458 (+0.8%)

$507,100 + $381,300

$888,400

2018

$10,370 (−0.9%)

$507,100 + $381,300

$888,400

2017

$10,464 (−1.6%)

$507,100 + $381,300

$888,400

2016

$10,636 (−1.3%)

$533,400 + $381,300

$914,700

2014

$10,771 (−0.8%)

$540,400 + $381,300

$921,700

2013

$10,859

$540,400 + $381,300

$921,700

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

Property details

Interior

Heating & Cooling
Air Conditioning Type: Central

Fireplace Information
# of Fireplaces: 1
Fireplace Type: Brick Chimney
Has Fireplace

Exterior

Exterior Information
Physical Condition: Very Good
Construction Type: Wood
Building Construction Quality: Good
Building Type: Residential

Pool Information
Pool Type: Sauna
Has Pool

Property Information
Subdivision Name: MORSE TOWN OF
Living Sq. Ft: 2,650
Building Sq. Ft: 2,650
# of Stories: 2
Legal Description: THAT PART OF GOV LOT 9 SEC 13-63-13 DESCRIBED AS FOLLOWS ASSUMING THE S LINE OF SAID GOV LOT 9 TO BEAR N88DEG05'23"W AND FROM THE SE COR OF SAID GOV LOT 9 RUN N88DEG05'23"W ALONG SAID S LINE 418.89 FT THENCE N01DEG34'42"W 1565.55 FT THENCE N45DEG17'24"W 181.96 FT THENCE S89DEG42'36"W 42.43 FT THENCE N45DEG 17'24"W 50 FT THENCE N13DEG22'30"E 35.13 FT TO THE PT OF BEG THENCE S13DEG22'30"W 35.13 FT THENCE S45DEG17'24"E 50 FT THENCE N89DEG 42'36"E 42.43 FT THENCE S45DEG17'24"E 181.96 FT THENCE S01DEG34'42"E PARALLEL TO AND 418.12 FT FROM THE E LINE OF SAID GOV LOT 9 1565.55 FT TO SAID S LINE THENCE S88DEG05'23 E ALONG SAID S LINE 218.52 FT THENCE N01DEG 34'42"W PARALLEL TO AND 200 FT FROM SAID E LINE 1885.22 FT MORE OR LESS TO THE

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 1,376
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 490,486
Legal Lot Number: 9
Municipality Name: MORSE TWP
Acres: 11.26
Zoning Code: RES
County Use Description: RES 1 UNIT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 4
Baths: 3.0
Sq. Ft.: 2,650
Stories: 2.0
Lot Size: 11.26 acres
Style: Single Family Residential
Year Built: 1994
Year Renovated: 1995
County: St. Louis County
APN: 465-0040-01865

Home facts updated by county records on Jun 15, 2026

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 4.0mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 4.0mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 4.0mi

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

1/10 Fire Factor

Unlikely to be 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

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New listings for sale in 55731

NEW 32 HRS AGO3D WALKTHROUGH

$160,000

2 beds1 bath1,064 sq ft

1211 E Camp St, Ely, MN 55731

3D WALKTHROUGH

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3 beds1 bath1,136 sq ft

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$749,000

1 bed— baths352 sq ft

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$799,000

2 beds1 bath988 sq ft

2811 Schaeffer Rd, Ely, MN 55731

$259,000

3 beds1 bath1,064 sq ft

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$684,500

3 beds2 baths1,806 sq ft

214 Cedar Ln, Ely, MN 55731

VIDEO TOUR

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2 beds1 bath525 sq ft

3530 North Arm Rd, Ely, MN 55731

Home values near 2337 Reed Rd

Data from public records.

Address	Redfin Estimate
2383 Reed Rd, Ely, MN 3 Beds \| 2 Baths \| 1064 Sq. Ft.	$553,063
3035 Burntside Ridge Trl, Ely, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$1,135,763

Address	Redfin Estimate
2391 Reed Rd, Ely, MN 4 Beds \| 2 Baths \| 1296 Sq. Ft.	$963,685
3037 Burntside Ridge Trl, Ely, MN 3 Beds \| 2 Baths \| 1640 Sq. Ft.	$648,043

Address	Redfin Estimate
2340 Reed Rd, Ely, MN 2 Beds \| 2 Baths \| 979 Sq. Ft.	$961,178
3003 Burntside Ridge Rd, Ely, MN 3 Beds \| 1 Baths \| 1560 Sq. Ft.	—

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