386 Garden Lake Rd
Ely, MN 55731
3 bd 2 ba 2,281 sqft Built 1995 Lot 218,671 sqft single_family
Most recent sale
$369,000
Sep 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 8, 2025 | Sold | $419,000 | LakeSuperiorAreaRealtors |
| Nov 6, 2025 | Listed | $419,000 | LakeSuperiorAreaRealtors |
| Sep 2, 2022 | Sold | $369,000 | MLS #6103879 |
| Jun 28, 2022 | Listed | $369,000 | MLS #6103879 |
| Jul 9, 2012 | Sold | $155,000 | Public Record |
| Feb 7, 2012 | Listing removed | $179,000 | Arrowhead |
| Oct 18, 2011 | Price changed | $179,000 | MLS #28590 |
| Sep 8, 2011 | Price changed | $189,000 | MLS #28590 |
| Jun 16, 2010 | Listed | $199,000 | MLS #28590 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $285,337 | $60,622 | $345,959 | $1,731 |
| 2023 | $174,164 | $60,878 | $235,042 | $855 |
| 2022 | $117,465 | $50,215 | $167,680 | $1,180 |
| 2021 | $110,551 | $48,300 | $158,851 | $1,131 |
| 2020 | $110,551 | $48,300 | $158,851 | $1,305 |
| 2019 | $112,681 | $52,383 | $165,064 | $1,301 |
| 2018 | $114,016 | $52,465 | $166,481 | $1,283 |
| 2017 | $110,937 | $52,274 | $163,211 | $1,186 |
| 2016 | $99,366 | $57,523 | $156,889 | $1,155 |
| 2015 | $99,400 | $58,100 | $157,500 | $1,085 |
| 2014 | $89,100 | $57,300 | $146,400 | $938 |
| 2013 | $90,200 | $57,400 | $147,600 | $854 |
| 2012 | $92,100 | $62,100 | $154,200 | $1,691 |
| 2011 | $120,100 | $75,900 | $196,000 | $1,660 |
| 2010 | — | — | $231,700 | $1,286 |
Property facts
Year built
1995
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,281 sqft
Lot size
218,671 sqft
ZIP code
55731
City
Ely
Street
Garden Lake Rd
Coordinates
47.91705, -91.76219
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,422
Gross rental yield
11.13%
Implied cap rate
7.23%
Trend-extrapolated value
—
Frequently asked questions
When did 386 Garden Lake Rd last sell?
386 Garden Lake Rd most recently sold on Sep 2, 2022 for $369,000.
What is the current tax assessment for 386 Garden Lake Rd?
The most recent total assessment for 386 Garden Lake Rd (year 2025) is $345,959 with $1,731 in property tax.
How does 386 Garden Lake Rd's assessment compare to its last sale price?
The current assessment is 6.2% below the last sale price of $369,000.
When was 386 Garden Lake Rd built?
386 Garden Lake Rd was built in 1995.
How does 386 Garden Lake Rd compare to others on Garden Lake Rd?
We track 4 other properties on Garden Lake Rd. Browse the list under "Other properties on Garden Lake Rd" to compare beds, baths, and sale history.
What are the property facts for 386 Garden Lake Rd?
386 Garden Lake Rd is a 3 bed, 2 bath, 2,281 sqft, 218,671 sqft lot single_family.
Is 386 Garden Lake Rd a flip candidate?
No — 386 Garden Lake Rd does not appear in our flips dataset.
Is 386 Garden Lake Rd a tax-appeal candidate?
No — 386 Garden Lake Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-1.2%
Implied 1-yr
-4.6%
2026 Q3
$281.9K
2026 Q4
$278.4K
ZIP 55731 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Garden Lake Rd