Last Sold Price
2 beds1.5 baths584 sqft$342/sqft
2863 Schaeffer Rd, Ely, MN 55731

Property Details for 2863 Schaeffer Road

Status
MLS #
-
Days on Compass
-
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
-
MLS Type
Sale / Residential / MISCELLANEOUS / 1
Year Built
-
Lot Size
0.93 AC / 40,511 SF

Recent comparable sales

Median sold price

$172,000

Avg days on market

96

Sale-to-list ratio

90.9%

Ely, MN

9 comparable properties found

1

$169,000

Sold 07/08/25

2
Bedrooms
1
Bathrooms
1,171
Square Feet
2.58
Acres
$172,000 | 27 East Harvey Street, Ely, MN 55731
1/32
2

$172,000

Sold 04/14/26

2
Bedrooms
1,041
Square Feet
0.08
Acres
$210,000 | 13408 Black Bear Trail, Ely, MN 55731
1/20
3

$210,000

Sold 09/25/25

2
Bedrooms
614
Square Feet
2.11
Acres
$169,000 | 1752 Strandman Street, Ely, NV 89301
1/20
4

$169,000

Sold 07/10/26

2
Bedrooms
660
Square Feet
0.25
Acres
5

$160,000

Sold 11/12/24

2
Bedrooms
Unavailable
Bathrooms
1,008
Square Feet
9.9
Acres
6

$169,500

Sold 01/09/25

3
Bedrooms
1
Bathrooms
1,360
Square Feet
3.06
Acres
$420,000 | 2349 Gold Mine Road, Ely, MN 55731
7

$420,000

Sold 10/15/24

2
Bedrooms
1,298
Square Feet
19.14
Acres
8

$300,000

Sold 11/03/25

2
Bedrooms
1
Bathrooms
916
Square Feet
0.85
Acres
$190,000 | 1127 East Chapman Street, Ely, MN 55731
1/44
9

$190,000

Sold 08/29/25

2
Bedrooms
1,138
Square Feet
0.08
Acres

Location

Add your commute

Building Information for 2863 Schaeffer Road

Stories1Residences-Year Built-Lot Size0.93 AC / 40,511 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$1,288 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,017

Property Taxes

$271

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Rocket Mortgage1

Property History for 2863 Schaeffer Road

DateEvent & SourcePriceAppreciation
May 29, 2010

Sold (Public Record)

Public Record #292175431

$200,000
DateEvent & SourcePrice
05/29/2010

Sold (Public Record)

Public Record #292175431

$200,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 2863 Schaeffer Road

Taxable ValueLand$218,800Additions$127,200Total$346,000
Tax Record2026$3,254 ($271 / month)
Home Facts
Beds2Baths1.5Total Finished SqFt728 SqFtAbove Grade Finished SqFt584 SqFtFinished Basement SqFt144 SqFtStories1Lot Size40,511 SqFtStyleMiscellaneous ResidentialZoningRESCountyST. LOUISAPN465-0040-03735

Schools near 2863 Schaeffer Road

This home is within Ely Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 5

Memorial Middle School
Public6 to 8

Memorial Secondary
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 2863 Schaeffer Road, Ely, MN 55731
$200,000
2
1.5
584
40,511
$395,000
2
1
1,148
18,731
2
420
26,136
2
1
1,000
42,253
5,386
2
1
1,257
49,846

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on