OFF MARKET

Off Market Aug 2024 for $71K

$124,198

Est. refi paymentEst. refi $469/mo

•

1,076

sq ft

404 W Shagawa Rd, Ely, MN 55731

About this home

Farmhouse style home on a generous lot. This 3 bedroom home is currently a gutted shell ready for your restoration and design. It has been brought down to the studs in order to gain access for new plumbing, electric, and insulation. As part of the seller disclosures a separate document is available detailing all the work that has been performed to get it to it's current state. The upstairs is the location of the bedrooms and a bath. The main level includes a large back entry room, kitchen, living room, and bath. Full basement. Great location in Ely and direct access to both the Trezona and the Mesabi bike trails. Realize your dream and bring this home to completion with all your creative ideas.

Single-familyProperty Type

1910Year Built

8,276 sq ftLot Size

$115Est. Price/Sq.Ft.

Contact: ***

Bought with Janet Erchul • Ely Realty

Redfin checked: 2 minutes ago

•Source:LSAR as distributed by WIREX #6114962

Redfin Estimate

$124,198

$53K since sold in August 2024$6,000 since August

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 40.9% lower than the average sale price ($210K) of 6 comparable homes.

SOLD MAY 1, 2026
$230,000
A
3 beds2 baths— sq ft
638 E James St, Ely, MN 55731
SOLD MAY 1, 2026
$165,500
B
3 beds1.5 baths1,346 sq ft
246 N 5th Ave Ave E, Ely, MN 55731
SOLD JUN 18, 2026
$164,000
C
3 beds2 baths1,299 sq ft
235 E Harvey St, Ely, MN 55731
SOLD JUL 10, 2026
$272,500
D
4 beds1.5 baths1,400 sq ft
24 E Conan St, Ely, MN 55731
SOLD AUG 24, 2026
$178,000
E
3 beds2 baths1,472 sq ft
2 E Conan St, Ely, MN 55731
SOLD MAY 29, 2026
$249,900
F
3 beds2 baths1,126 sq ft
712 E Pattison St, Ely, MN 55731

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Refinance

Est. cash available

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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

$175,000
1 bed— baths290 sq ft
4704 Highway 169, Ely, MN 55731
$317,000
2 beds— baths1,282 sq ft
651 Fernberg Rd, Ely, MN 55731
$246,000
7 beds4 baths2,600 sq ft
429 S 4th Ave Ave E, Ely, MN 55731
3D WALKTHROUGH
$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
See all

Provided by Redfin

Sale history for 404 W Shagawa Rd

Date

Event

Price

LSAR as distributed by WIREX #6114962

Aug 9, 2024

Sold

$71,500

$66/sq ft

Jul 16, 2024

Listed

$79,000

$73/sq ft

LSAR as distributed by WIREX #6103892

Dec 30, 2022

Sold

$62,000

$58/sq ft

Jun 27, 2022

Listed

$60,000

$56/sq ft

Year

Property tax

Land + Additions

Assessment*

2026

$1,100 (+2.8%)

$12,800 + $51,400

$64,200

2025

$1,070 (+9.2%)

$12,200 + $47,500

$59,700

2024

$980 (+101.6%)

$11,800 + $45,200

$57,000

2023

$486 (+10.0%)

$11,200 + $11,500

$22,700

2022

$442 (−4.3%)

$10,100 + $9,200

$19,300

2021

$462 (+11.6%)

$10,100 + $8,100

$18,200

2020

$414 (+4.5%)

$10,100 + $8,100

$18,200

2019

$396

$10,100 + $8,100

$18,200

2018

$396 (−2.9%)

$7,700 + $10,600

$18,300

2017

$408 (+7.4%)

$7,700 + $10,100

$17,800

2016

$380 (−0.3%)

$7,700 + $10,100

$17,800

2014

$381 (+0.1%)

$7,700 + $9,500

$17,200

2013

$381

$7,700 + $9,500

$17,200

Tax history for 404 W Shagawa Rd

Year

Property tax

Land + Additions

Assessment*

2026

$1,100 (+2.8%)

$12,800 + $51,400

$64,200

2025

$1,070 (+9.2%)

$12,200 + $47,500

$59,700

2024

$980 (+101.6%)

$11,800 + $45,200

$57,000

2023

$486 (+10.0%)

$11,200 + $11,500

$22,700

2022

$442 (−4.3%)

$10,100 + $9,200

$19,300

2021

$462 (+11.6%)

$10,100 + $8,100

$18,200

2020

$414 (+4.5%)

$10,100 + $8,100

$18,200

2019

$396

$10,100 + $8,100

$18,200

2018

$396 (−2.9%)

$7,700 + $10,600

$18,300

2017

$408 (+7.4%)

$7,700 + $10,100

$17,800

2016

$380 (−0.3%)

$7,700 + $10,100

$17,800

2014

$381 (+0.1%)

$7,700 + $9,500

$17,200

2013

$381

$7,700 + $9,500

$17,200

*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

1.5

Lot width

—

Lot depth

—

Lot size

8,238 Sq. Ft.

Year renovated

—

Sq. Ft.

1,076

Year built

1910

Style

Other

County

St. Louis County

APN

030-0030-03640

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 7, 2026.

Property details

Parking

Parking/Garage Information
Parking Features: None

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 1
# of Half Bathrooms: 1

Heating & Cooling
Heating: None

Room Information
Has Basement
Basement Details: Full

Exterior

Building Information
Development Status: Under Construction
Above Grade Finished Area: 1,076
# of Stories Total: 2

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

Lot Information
Lot Size Dimensions: 50 x 163
Lot Size Acres: 0.19

Financial

Tax Information
Tax Annual Amount: $895

Utilities

Utility Information
Water Source: Public
Sewer: Public Sewer

Location

Schools Information
High School District: Ely #696

Location Information
Directions: From downtown Ely, North on Central Ave to W Shagawa Rd, take a left to property

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,076
Stories: 1.5
Lot Size: 8,238 square feet
Style: Other
Year Built: 1910
Year Renovated: —
County: St. Louis County
APN: 030-0030-03640

Home facts updated by county records on Aug 7, 2026

Other

Listing Information
AttributionContact: ***

Around this home

Schools

Washington Elementary School

Public PreK-5 • Assigned • 0.7mi

6/10

Memorial Middle School

Public 6-8 • Assigned • 0.7mi

7/10

Memorial Secondary

Public 9-12 • Assigned • 0.7mi

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

2/10 Fire Factor

0.00% 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

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

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3D WALKTHROUGH

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New listings for sale in 55731

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3D WALKTHROUGH

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3D WALKTHROUGH

$648,500

3 beds1 bath1,136 sq ft

5005 N Lake Vermilion, Tower, MN 55790

Home values near 404 W Shagawa Rd

Data from public records.

Address	Redfin Estimate
417 W Shagawa Road, Ely, MN 3 Beds \| 2 Baths \| 1008 Sq. Ft.	$178,599
525 W Shagawa Road, Ely, MN 2 Beds \| 1 Baths \| 572 Sq. Ft.	$112,239

Address	Redfin Estimate
331 W Shagawa Road, Ely, MN 2 Beds \| 2 Baths \| 1188 Sq. Ft.	$167,318
336 W Shagawa Road, Ely, MN 3 Beds \| 2 Baths \| 840 Sq. Ft.	$155,721

Address	Redfin Estimate
405 W Shagawa Road, Ely, MN 3 Beds \| 1 Baths \| 1608 Sq. Ft.	$286,123
340 W Shagawa Road, Ely, MN 3 Beds \| 2 Baths \| 1324 Sq. Ft.	$212,398

Property information provided by LSAR as distributed by WIREX when last listed in 2024. This data may not match . Learn more.

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