OFF MARKET

Off market jun 2020 for $140K

$255,316

Est. refi paymentEst. refi $964/mo

•

— ba

•

768

sq ft

2564 Bear Island River Rd, Ely, MN 55731

About this home

Better than a tiny home! If you have dreamed of a place in the Northwoods that allows for future expansion this is it! Check out this cute Cape Cod style cabin/garage on a beautiful private 4.5 acres just a 4 minute walk from the public boat landing on beautiful Bear Island Lake! Upstairs is insulated with cozy tongue and groove pine on all walls and ceiling. There are two bedrooms plus kitchen and living area complete with full-size electric range/oven and full-size refrigerator. Many windows to enjoy the beautiful secluded wooded views. Heat is provided by gas fireplace and electric baseboards upstairs and there is a LP gas unit heater downstairs in the 24’ X 32’ Garage space, which is also fully insulated! New 4-bdr septic system on property. Roomy insulated cedar outhouse complete with 20 amp electric and it even has a front porch! Underground Electric Service is already set up for future cabin with separate meter for off-peak. Just a 11 mile drive from downtown Ely this wonderful property is located in a quiet area off of “dead end” Bear Island River Road with many acres of Federal and State public land within close walking distance.

Single-familyProperty Type

2006Year Built

4.5 acresLot Size

$332Est. Price/Sq.Ft.

2 car garageParking

Bought with Lori Schulze • Wildwoods Land Company

Redfin checked: a few seconds ago

•Source:LSAR as distributed by WIREX #6090213

Redfin Estimate

$255,316

$115K since sold in June 2020$2,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 14.7% higher than the average sale price ($223K) of 6 comparable homes.

SOLD AUG 27, 2026
$135,000
A
2 beds1 bath— sq ft
61 Birch Blvd, Babbitt, MN 55706
SOLD JUL 29, 2026
$610,000
B
2 beds2 baths— sq ft
1787 N Bay Rd, Ely, MN 55731
SOLD JUN 22, 2026
$108,000
C
2 beds2 baths— sq ft
50 Beech Ct, Babbitt, MN 55706
SOLD MAY 15, 2026
$265,000
D
2 beds1 bath976 sq ft
9362 Vandelay Dr, Ely, MN 55731
SOLD JUL 28, 2026
$187,000
E
2 beds1 bath656 sq ft
8433 Timber Bay Rd, Babbitt, MN 55706
SOLD AUG 14, 2026
$30,000
F
1 bed2 baths— sq ft
28 Hemlock Cir, Babbitt, MN 55706

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Earn from this home

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$2,165/mo

Redfin rental estimate

List your home for rent

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 1 HR AGO
$675,000
2 beds1 bath960 sq ft
2166 Passi Rd, Ely, MN 55731
NEW 3 HRS AGO
$585,000
2 beds2 baths1,775 sq ft
1877 Echo Trl, Ely, MN 55731
NEW 18 HRS AGO
$390,000
4 beds2 baths1,400 sq ft
000 Fernberg Rd, Fall Lake Township, MN 55731
NEW 27 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 2564 Bear Island River Rd

Year

Property tax

Land + Additions

Assessment*

2026

$1,654 (+57.5%)

$43,838 + $182,221

$226,059

2025

$1,050 (−3.0%)

$41,287 + $124,713

$166,000

2024

$1,082 (+15.6%)

$38,192 + $110,740

$148,932

2023

$936 (−7.5%)

$34,107 + $91,063

$125,170

2022

$1,012 (+23.4%)

$25,783 + $95,790

$121,573

2021

$820 (+6.5%)

$30,900 + $29,300

$60,200

2020

$770 (−2.0%)

$30,900 + $29,300

$60,200

2019

$786 (+0.5%)

$34,100 + $29,300

$63,400

2018

$782 (−1.3%)

$34,100 + $29,300

$63,400

2017

$792 (+5.0%)

$42,400 + $21,700

$64,100

2016

$754 (+2.7%)

$42,400 + $21,700

$64,100

2014

$734 (−7.1%)

$42,400 + $21,700

$64,100

2013

$790

$52,400 + $17,800

$70,200

Tax history for 2564 Bear Island River Rd

Year

Property tax

Land + Additions

Assessment*

2026

$1,654 (+57.5%)

$43,838 + $182,221

$226,059

2025

$1,050 (−3.0%)

$41,287 + $124,713

$166,000

2024

$1,082 (+15.6%)

$38,192 + $110,740

$148,932

2023

$936 (−7.5%)

$34,107 + $91,063

$125,170

2022

$1,012 (+23.4%)

$25,783 + $95,790

$121,573

2021

$820 (+6.5%)

$30,900 + $29,300

$60,200

2020

$770 (−2.0%)

$30,900 + $29,300

$60,200

2019

$786 (+0.5%)

$34,100 + $29,300

$63,400

2018

$782 (−1.3%)

$34,100 + $29,300

$63,400

2017

$792 (+5.0%)

$42,400 + $21,700

$64,100

2016

$754 (+2.7%)

$42,400 + $21,700

$64,100

2014

$734 (−7.1%)

$42,400 + $21,700

$64,100

2013

$790

$52,400 + $17,800

$70,200

*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

4.5 Acres

Year renovated

—

Sq. Ft.

1,904

Year built

2008

Style

Single Family Residential

County

St. Louis County

APN

625-0010-01385

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: Detached

Interior

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

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

Room Information
Basement Details: None

Exterior

Building Information
Above Grade Finished Area: 768
# of Stories Total: 2

Property Information
Property Type: Residential
Raw Mls Property Sub Type: Seasonal

Lot Information
Lot Size Dimensions: 450 x 500
Lot Size Acres: 4.5

Financial

Tax Information
Tax Annual Amount: $786

Utilities

Utility Information
Water Source: None
Sewer: Private Sewer

Location

Schools Information
High School District: Ely #696

Location Information
Directions: From Ely, take Hwy. 21 S to Bear Island River Rd. Turn right and follow to property address on left.

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 1,904
Stories: —
Lot Size: 4.5 acres
Style: Single Family Residential
Year Built: 2008
Year Renovated: —
County: St. Louis County
APN: 625-0010-01385

Home facts updated by county records on Aug 7, 2026

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 9.0mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 9.0mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 9.0mi

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

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

3D WALKTHROUGH

$589,000

2 beds1 bath1,188 sq ft

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$825,000

3 beds2 baths1,908 sq ft

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3D WALKTHROUGH

$449,000

2 beds2 baths1,389 sq ft

1772 Hwy 120, Ely, MN 55731

NEW 3 HRS AGO

$585,000

2 beds2 baths1,775 sq ft

1877 Echo Trl, Ely, MN 55731

3D WALKTHROUGH

$499,999

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2762 Cedar Lake Rd, Ely, MN 55731

$134,000

2 beds1 bath912 sq ft

14 Balsam Cr Cir, Babbitt, MN 55706

New listings for sale in 55731

NEW 1 HR AGO

$675,000

2 beds1 bath960 sq ft

2166 Passi Rd, Ely, MN 55731

NEW 3 HRS AGO

$585,000

2 beds2 baths1,775 sq ft

1877 Echo Trl, Ely, MN 55731

NEW 18 HRS AGO

$390,000

4 beds2 baths1,400 sq ft

000 Fernberg Rd, Fall Lake Township, MN 55731

NEW 27 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

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

Home values near 2564 Bear Island River Rd

Data from public records.

Address	Redfin Estimate
2602 Bear Island River Road, Ely, MN 3 Beds \| 2 Baths \| 1392 Sq. Ft.	$397,587
2532 Verbick Road, Ely, MN 2 Beds \| 2 Baths \| 1440 Sq. Ft.	$477,015

Address	Redfin Estimate
2531 Bear Island River Road, Ely, MN 2 Beds \| 1 Baths \| 1260 Sq. Ft.	$411,034
2515 Verbick Road, Ely, MN 2 Beds \| 1 Baths \| 768 Sq. Ft.	$265,238

Address	Redfin Estimate
2522 Bear Island River Road, Ely, MN 1 Beds \| - Baths \| 648 Sq. Ft.	$257,223
2518 Verbick Road, Ely, MN 2 Beds \| 1 Baths \| 864 Sq. Ft.	$276,887

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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