OFF MARKET

Off market dec 2016 for $525K

$992,254

Est. refi paymentEst. refi $2,249/mo

•

2,460

sq ft

2640 Bear Island River Rd, Ely, MN 55731

About this home

One Owner Hand Hewn Log Lake Home W/ Sandy Swimming, Private Gradual Lot, Undeveloped Wilderness Lake Views & Great Fishing! Set back off paved road on 1.5 acres & Apx 200 ft south facing shoreline on Bear Island Lake, just 10 miles to town. Custom built 1995, 2826 SF, 4BR/3BTH w/ a bed & bath on each flr. Chalet front great room w/ two story tall windows & glass doors open to 45 ft maint-free lakefront deck. Kitchen w/ granite counters open to great rm, dining rm & sunroomall lakeside. Main flr bedrm w/ full bth. Spacious loft bedrm w/ private bth & panoramic big water view. Wlkout lower level w/ 2 bedrms, bth, office, fam rm. Central air, economical heat, new roof, open yard for activities, concrete walks, bunkhouse, boathouse, dock, 3 stall garage w/ guest quarters above. Wonderful relaxing wilderness nest. Enjoy daily visits from eagles, loons, deer & Oscar the Heron! Click on link to view 3D Tour!

Single-familyProperty Type

1995Year Built

1.61 acresLot Size

$403Est. Price/Sq.Ft.

3 car garageParking

Bought with Lisa Janisch • Janisch Realty Inc.

Source:LSAR as distributed by WIREX #6022827

Redfin Estimate

$992,254

$467K since sold in December 2016$24K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 129.9% higher than the average sale price ($432K) of 6 comparable homes.

SOLD DEC 18, 2025
$250,000
A
3 beds2 baths— sq ft
1326 N 21st Ave E, Ely, MN 55731
SOLD SEP 10, 2026
$745,000
B
4 beds3 baths2,259 sq ft
1280 S White Iron Rd, Ely, MN 55731
SOLD SEP 15, 2026
$375,000
C
4 beds2 baths— sq ft
2581 Hallmark Dr, Ely, MN 55731
SOLD SEP 11, 2026
$160,000
D
3 beds2 baths— sq ft
61 Cypress Blvd, Babbitt, MN 55706
SOLD JUL 17, 2026
$640,000
E
4 beds3 baths3,336 sq ft
2211 Spaulding Dr, Ely, MN 55731
SOLD JUN 22, 2026
$420,000
F
3 beds3 baths1,532 sq ft
1859 Bobence Rd, Ely, MN 55731

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Earn from this home

Refinance

Est. cash available

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Rent

$3,479/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 6 HRS AGO
$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
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 2640 Bear Island River Rd

Date

Event

Price

Public Records

Dec 1, 2016

Sold

$525,000

$213/sq ft

NORTHSTARMLS as Distributed by MLS Grid #4722342

Aug 31, 2016

Sold

$525,000

$213/sq ft

Jul 29, 2016

Pending

—

Jul 20, 2016

Contingent

—

Jun 1, 2016

Listed

$549,900

$224/sq ft

RAOR #129618

Aug 31, 2016

Sold

$525,000

$213/sq ft

Jun 1, 2016

Listed

$549,900

$224/sq ft

One Owner Hand Hewn Log Lake Home W/ Sandy Swimming, Private Gradual Lot, Undeveloped Wilderness Lake Views & Great Fishing! Set back off paved road on 1.5 acres & Apx 200 ft south facing shoreline on Bear Island Lake, just 10 miles to town. Custom built 1995, 2826 SF, 4BR/3BTH w/ a bed & bath on each flr. Chalet front great room w/ two story tall windows & glass doors open to 45 ft maint-free lakefront deck. Kitchen w/ granite counters open to great rm, dining rm & sunroom—all lakeside. Main flr bedrm w/ full bth. Spacious loft bedrm w/ private bth & panoramic big water view. Wlkout lower level w/ 2 bedrms, bth, office, fam rm. Central air, economical heat, new roof, open yard for activities, concrete walks, bunkhouse, boathouse, dock, 3 stall garage w/ guest quarters above. Wonderful relaxing wilderness nest. Enjoy daily visits from eagles, loons, deer & Oscar the Heron! Click on link to view 3D Tour!

LSAR as distributed by WIREX #6022827

Aug 31, 2016

Sold

$525,000

$213/sq ft

Jun 1, 2016

Listed

$565,900

$230/sq ft

NORTHSTARMLS as Distributed by MLS Grid #4605723

May 31, 2016

Listing Removed

—

Apr 3, 2016

Price Changed

$565,900

$230/sq ft

Jun 1, 2015

Listed

$585,000

$238/sq ft

NORTHSTARMLS as Distributed by MLS Grid #4493633

May 31, 2015

Listing Removed

—

Jun 14, 2014

Listed

$585,000

$238/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$9,310 (−0.3%)

$286,500 + $568,500

$855,000

2025

$9,336 (+27.1%)

$286,500 + $568,500

$855,000

2024

$7,346 (+6.3%)

$230,500 + $454,000

$684,500

2023

$6,912 (+4.2%)

$209,500 + $393,300

$602,800

2022

$6,634 (+7.8%)

$199,000 + $336,700

$535,700

2021

$6,152 (+6.4%)

$181,400 + $292,700

$474,100

2020

$5,782 (−2.8%)

$181,400 + $292,700

$474,100

2019

$5,946 (+0.6%)

$200,700 + $300,100

$500,800

2018

$5,910 (+2.5%)

$200,700 + $300,100

$500,800

2017

$5,768 (+1.2%)

$192,000 + $294,700

$486,700

2016

$5,702 (+3.2%)

$192,000 + $294,700

$486,700

2014

$5,523 (−3.2%)

$192,000 + $294,700

$486,700

2013

$5,707

$200,300 + $308,800

$509,100

Tax history for 2640 Bear Island River Rd

Year

Property tax

Land + Additions

Assessment*

2026

$9,310 (−0.3%)

$286,500 + $568,500

$855,000

2025

$9,336 (+27.1%)

$286,500 + $568,500

$855,000

2024

$7,346 (+6.3%)

$230,500 + $454,000

$684,500

2023

$6,912 (+4.2%)

$209,500 + $393,300

$602,800

2022

$6,634 (+7.8%)

$199,000 + $336,700

$535,700

2021

$6,152 (+6.4%)

$181,400 + $292,700

$474,100

2020

$5,782 (−2.8%)

$181,400 + $292,700

$474,100

2019

$5,946 (+0.6%)

$200,700 + $300,100

$500,800

2018

$5,910 (+2.5%)

$200,700 + $300,100

$500,800

2017

$5,768 (+1.2%)

$192,000 + $294,700

$486,700

2016

$5,702 (+3.2%)

$192,000 + $294,700

$486,700

2014

$5,523 (−3.2%)

$192,000 + $294,700

$486,700

2013

$5,707

$200,300 + $308,800

$509,100

*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
Has Fireplace

Exterior

Exterior Information
Physical Condition: Excellent
Foundation Type: Unknown With Basement
Building Style Type: Log
Building Construction Quality: Good
Building Type: Residential

Property Information
Subdivision Name: LAHTI LAND FIRST ADD TO
Living Sq. Ft: 1,564
Building Sq. Ft: 1,564
# of Stories: 2
Legal Description: LOTS 4 & 5, BLOCK 2

Parking & Garage Information
Parking Type: Detached Garage
Garage/Parking Sq. Ft: 1,300
Garage / Carport Type: Detached

Lot Information
# of Buildings: 1
Land Sq. Ft: 63,958
Legal Lot Number: 4
Legal Block Number: 2
Municipality Name: UNORG 61-13
Acres: 1.4683
Zoning Code: SMU
County Use Description: RES 1 UNIT

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: 6
Baths: 3.0
Sq. Ft.: 2,460
Stories: 2.0
Parking Spaces: 3
Basement: Yes
Accessible: No
Lot Size: 1.61 acres
Style: Single Family Residential
Year Built: 1995
Year Renovated: —
County: St. Louis County
APN: 625-0026-00210
HOA Dues: —
Garage: Yes
Features: Views, Waterfront

Home facts updated by owner on Dec 31, 2023

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 9.3mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 9.2mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 9.2mi

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 8.5 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

3D WALKTHROUGH

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3D WALKTHROUGH

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VIDEO TOUR

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New listings for sale in 55731

NEW 6 HRS AGO3D 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

3D WALKTHROUGH

$329,000

3 beds1.5 baths2,313 sq ft

1298 Heather St, Ely, MN 55731

Home values near 2640 Bear Island River Rd

Data from public records.

Address	Redfin Estimate
2682 Bear Island River Road, Ely, MN 2 Beds \| - Baths \| 672 Sq. Ft.	$130,483
2650 Bear Island River Road, Ely, MN 3 Beds \| 2 Baths \| 1480 Sq. Ft.	$469,091

Address	Redfin Estimate
2618 Bear Island River Road, Ely, MN 2 Beds \| 2 Baths \| 2814 Sq. Ft.	$668,632
2647 Priest Point Road, Ely, MN 4 Beds \| 3 Baths \| - Sq. Ft.	$688,066

Address	Redfin Estimate
2628 Bear Island River Road, Ely, MN 3 Beds \| 2 Baths \| 1260 Sq. Ft.	$460,726
2653 Priest Point Road, Ely, MN 1 Beds \| 1 Baths \| 480 Sq. Ft.	$333,136

This data may not show owner updates. Learn more.

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