OFF MARKET

Off market aug 2018 for $242K

$411,034

Est. refi paymentEst. refi $1,670/mo

•

1,260

sq ft

2531 Bear Island River Rd, Ely, MN 55731

About this home

Quality northwoods home on a beautiful pine studded 5+ acre private site just a couple blocks from a public landing on Bear Island Lake. This open concept home features alder kitchen cabinetry with a center island, tile flooring throughout the main level, and a highly efficient Jotul wood stove. Main floor laundry, master bedroom and tons of storage. Large upper loft. Beautiful log siding, metal roof, patio and 2 car garage complete this opportunity to be in this private location. Just move right in – home is furnished! * SLLS *

Single-familyProperty Type

2009Year Built

5.12 acresLot Size

$326Est. Price/Sq.Ft.

2 car garageParking

Listed by Bruce Chernak

Bought with Jim Burke • Bear Island Land Co., Inc

Redfin checked: 2 minutes ago

•Source:LSAR as distributed by WIREX #6076520

Redfin Estimate

$411,034

$168K since sold in August 2018$4,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 11.9% higher than the average sale price ($367K) of 6 comparable homes.

SOLD AUG 27, 2026
$135,000
A
2 beds1 bath— sq ft
61 Birch Blvd, Babbitt, MN 55706
SOLD AUG 28, 2026
$475,000
B
2 beds1 bath1,335 sq ft
632 Voyageur Rd, Ely, MN 55731
SOLD JUL 29, 2026
$610,000
C
2 beds2 baths— sq ft
1787 N Bay Rd, Ely, MN 55731
SOLD SEP 21, 2026
$148,500
D
2 beds2 baths1,368 sq ft
48 Elm Blvd, Babbitt, MN 55706
SOLD JUL 27, 2026
$210,000
E
2 beds1 bath1,215 sq ft
13464 Chestnut Dr, Ely, MN 55731
SOLD MAY 1, 2026
$626,000
F
2 beds2 baths1,258 sq ft
1471 N Pioneer Rd, Ely, MN 55731

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Earn from this home

Refinance

Est. cash available

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Rent

$1,991/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

94.2%

0.8% MoM

Median sale price

$275K

$6K MoM

Avg. days on market

62d

20 days MoM

Recently sold homes

6 MoM

New listings for sale

NEW 5 HRS AGO
$675,000
2 beds1 bath960 sq ft
2166 Passi Rd, Ely, MN 55731
NEW 6 HRS AGO
$585,000
2 beds2 baths1,775 sq ft
1877 Echo Trl, Ely, MN 55731
NEW 22 HRS AGO
$390,000
4 beds2 baths1,400 sq ft
000 Fernberg Rd, Fall Lake Township, MN 55731
NEW 30 HRS AGO
$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
3D WALKTHROUGH
$329,000
3 beds1.5 baths2,313 sq ft
1298 Heather St, Ely, MN 55731
See all

Provided by Redfin

Sale history for 2531 Bear Island River Rd

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2026

$2,502 (−0.9%)

$67,873 + $212,686

$280,559

2025

$2,524 (+5.3%)

$67,873 + $212,686

$280,559

2024

$2,396 (+1.7%)

$61,713 + $186,845

$248,558

2023

$2,356 (+24.8%)

$56,059 + $167,429

$223,488

2022

$1,888 (+2.5%)

$45,218 + $118,865

$164,083

2021

$1,842 (+7.7%)

$44,416 + $105,061

$149,477

2020

$1,710 (−3.0%)

$44,416 + $105,061

$149,477

2019

$1,762 (−21.3%)

$49,441 + $109,301

$158,742

2018

$2,240 (−3.4%)

$56,000 + $123,800

$179,800

2017

$2,320 (+1.5%)

$59,600 + $126,100

$185,700

2016

$2,286 (+2.1%)

$59,600 + $126,100

$185,700

2014

$2,240 (−13.9%)

$59,600 + $126,100

$185,700

2013

$2,601

$73,100 + $144,900

$218,000

Tax history for 2531 Bear Island River Rd

Year

Property tax

Land + Additions

Assessment*

2026

$2,502 (−0.9%)

$67,873 + $212,686

$280,559

2025

$2,524 (+5.3%)

$67,873 + $212,686

$280,559

2024

$2,396 (+1.7%)

$61,713 + $186,845

$248,558

2023

$2,356 (+24.8%)

$56,059 + $167,429

$223,488

2022

$1,888 (+2.5%)

$45,218 + $118,865

$164,083

2021

$1,842 (+7.7%)

$44,416 + $105,061

$149,477

2020

$1,710 (−3.0%)

$44,416 + $105,061

$149,477

2019

$1,762 (−21.3%)

$49,441 + $109,301

$158,742

2018

$2,240 (−3.4%)

$56,000 + $123,800

$179,800

2017

$2,320 (+1.5%)

$59,600 + $126,100

$185,700

2016

$2,286 (+2.1%)

$59,600 + $126,100

$185,700

2014

$2,240 (−13.9%)

$59,600 + $126,100

$185,700

2013

$2,601

$73,100 + $144,900

$218,000

*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

5.12 Acres

Year renovated

—

Sq. Ft.

1,260

Year built

2008

Style

Single Family Residential

County

St. Louis County

APN

625-0010-01381

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: 2
Parking Features: Off Street, Gravel, Detached

Interior

Bathroom Information
# of Three Quarter Bathrooms: 1

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

Interior Features
Interior Features: Kitchen Island, Natural Woodwork, Vaulted Ceiling(s), High Speed Internet, Master Downstairs
Window Features: ENERGY STAR Qualified Windows
Appliances: Microwave, Range, Refrigerator
Flooring: Tile
Has Fireplace
# of Fireplaces: 1
Fireplace Features: Wood Burning

Room Information
Laundry Features: Washer Hookup, Main Level
Basement Details: None

Exterior

Exterior Features
Patio And Porch Features: Patio
Roof: Metal

Building Information
Above Grade Finished Area: 1,260
# of Stories Total: 2

Property Features
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: Many Trees
Road Surface Type: Paved
Road Responsibility: Public Maintained Road
Road Frontage Type: County Road
Lot Size Dimensions: 300 x 700
Lot Size Acres: 5.12

Financial

Tax Information
Tax Annual Amount: $2,180

Utilities

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

Location

Schools Information
High School District: Ely #696

Location Information
Directions: From Ely or Babbitt, take Hwy 21 to Bear Island River Road. Turn onto Bear Island River Road and follow to the property address on the right.

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,260
Stories: 1.0
Lot Size: 5.12 acres
Style: Single Family Residential
Year Built: 2008
Year Renovated: —
County: St. Louis County
APN: 625-0010-01381

Home facts updated by county records on Aug 7, 2026

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 8.9mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 8.8mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 8.8mi

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 8.5 hours in June and 2.7 hours in December, placing it below the U.S. average for solar exposure.

8.5 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

NEW 5 HRS AGO

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2166 Passi Rd, Ely, MN 55731

NEW 6 HRS AGO

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2 beds2 baths1,775 sq ft

1877 Echo Trl, Ely, MN 55731

NEW 22 HRS AGO

$390,000

4 beds2 baths1,400 sq ft

000 Fernberg Rd, Fall Lake Township, MN 55731

NEW 30 HRS AGO3D WALKTHROUGH

$674,000

4 beds2 baths2,720 sq ft

139 Fernberg Rd, Ely, MN 55731

$169,000

3 beds1 bath1,087 sq ft

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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

3D WALKTHROUGH

$329,000

3 beds1.5 baths2,313 sq ft

1298 Heather St, Ely, MN 55731

Home values near 2531 Bear Island River Rd

Data from public records.

Address	Redfin Estimate
2618 Bear Island River Rd, Ely, MN 2 Beds \| 2 Baths \| 2814 Sq. Ft.	$668,632
2522 Bear Island River Rd, Ely, MN 1 Beds \| - Baths \| 648 Sq. Ft.	$257,223

Address	Redfin Estimate
2564 Bear Island River Rd, Ely, MN 2 Beds \| - Baths \| 768 Sq. Ft.	$255,316
2515 Verbick Rd, Ely, MN 2 Beds \| 1 Baths \| 768 Sq. Ft.	$265,238

Address	Redfin Estimate
2602 Bear Island River Rd, Ely, MN 3 Beds \| 2 Baths \| 1392 Sq. Ft.	$397,587
2518 Verbick Rd, Ely, MN 2 Beds \| 1 Baths \| 864 Sq. Ft.	$276,887

Property information provided by LSAR as distributed by WIREX when last listed in 2018. This data may not match . Learn more.

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