Last Sold Price
1 bed480 sqft$385/sqft
4138 First Lake Rd, Ely, MN 55731

Property Details for 4138 First Lake Road

Status
MLS #
-
Days on Compass
-
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
-
MLS Type
Sale / Residential / MISCELLANEOUS / 1
Year Built
1991
Lot Size
15.75 AC / 686,070 SF

Recent comparable sales

Median sold price

$150,000

Avg days on market

64

Sale-to-list ratio

96.8%

Ely, MN

9 comparable properties found

$135,000 | 2151 Echo Trail, Ely, MN 55731
1/37
1

$135,000

Sold 12/05/25

1
Bedrooms
Unavailable
Bathrooms
480
Square Feet
10
Acres
$129,000 | 4194 Nels Lake Road, Ely, MN 55731
1/28
2

$129,000

Sold 11/13/25

1
Bedrooms
Unavailable
Bathrooms
280
Square Feet
11.43
Acres
$240,000 | 2450 West Newgord Drive, Ely, MN 55731
3

$240,000

Sold 10/03/25

1
Bedrooms
Unavailable
Bathrooms
551
Square Feet
5
Acres
$150,000 | 1152 Fernberg Road, Ely, MN 55731
1/25
4

$150,000

Sold 07/24/26

1
Bedrooms
516
Square Feet
10
Acres
5

$257,000

Sold 09/06/24

1
Bedrooms
Unavailable
Bathrooms
500
Square Feet
3.59
Acres
$257,000 | 2921 Lost Girl, Ely, MN 55731
1/2
6

$257,000

Sold 09/06/24

1
Bedrooms
Unavailable
Bathrooms
500
Square Feet
3.59
Acres
7

$280,000

Sold 09/24/25

1
Bedrooms
Unavailable
Bathrooms
540
Square Feet
1.6
Acres
8

$50,000

Sold 09/30/24

1
Bedrooms
Unavailable
Bathrooms
404
Square Feet
20
Acres
$140,000 | 1346 Bear Head State Park Road, Ely, MN 55731
9

$140,000

Sold 04/13/26

1
Bedrooms
Unavailable
Bathrooms
288
Square Feet
10
Acres

Location

Add your commute

Building Information for 4138 First Lake Road

Stories1Residences-Year Built1991Lot Size15.75 AC / 686,070 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$1,107 per month

30 year fixed, 6.55% Interest

Principal and Interest

$940

Property Taxes

$167

HOA Dues

$0

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Property History for 4138 First Lake Road

DateEvent & SourcePriceAppreciation
Apr 20, 2007

Sold (Public Record)

Public Record #280698156

$185,000

-14.8% / yr

Nov 19, 2004

Sold (Public Record)

Public Record #280638716

$272,000
DateEvent & SourcePrice
04/20/2007

Sold (Public Record)

Public Record #280698156

$185,000

-14.8% / yr

11/19/2004

Sold (Public Record)

Public Record #280638716

$272,000

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

Public Records for 4138 First Lake Road

Taxable ValueLand$158,500Additions$64,800Total$223,300
Tax Record2026$2,000 ($167 / month)
Home Facts
Beds1Total Finished SqFt480 SqFtAbove Grade Finished SqFt480 SqFtStories1Lot Size686,070 SqFtStyleMiscellaneous ResidentialYear Built1991Year Renovated1991ZoningRESCountyST. LOUISAPN628-0010-01990

Schools near 4138 First Lake 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: 4138 First Lake Road, Ely, MN 55731
$185,000
1
480
686,070
$157,900
1
384
792,792
$129,000
1
280
497,890
$157,900
1
600
696,960
$165,000
2
462
762,300
1
1
1,232
686,070

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