1543 Highway 1
Ely, MN 55731
2 bd 1 ba 1,392 sqft Built 1968 Lot 191,664 sqft single_family
Most recent sale
$350,000
Jul 14, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 31, 2024 | Sold | $349,000 | LakeSuperiorAreaRealtors |
| Mar 20, 2024 | Price changed | $369,900 | LakeSuperiorAreaRealtors |
| Jan 29, 2024 | Listed | $379,900 | LakeSuperiorAreaRealtors |
| Jul 14, 2023 | Sold | $350,000 | LakeSuperiorAreaRealtors |
| Jul 3, 2023 | Sold | $350,000 | RangeMLS |
| May 26, 2023 | Listed | $359,000 | LakeSuperiorAreaRealtors |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $280,383 | $49,771 | $330,154 | $2,602 |
| 2025 | $266,060 | $49,488 | $315,548 | $2,570 |
| 2023 | $168,324 | $40,231 | $208,555 | $1,950 |
| 2022 | $142,408 | $33,556 | $175,964 | $1,812 |
| 2021 | $132,836 | $33,209 | $166,045 | $1,844 |
| 2020 | $132,836 | $33,209 | $166,045 | $1,686 |
| 2019 | $105,245 | $34,422 | $139,667 | $1,346 |
| 2018 | $105,245 | $34,422 | $139,667 | $1,334 |
| 2017 | $92,948 | $32,440 | $125,388 | $1,194 |
| 2016 | $92,900 | $32,500 | $125,400 | $1,166 |
| 2015 | $92,900 | $32,500 | $125,400 | $1,184 |
| 2014 | $91,200 | $32,300 | $123,500 | $1,151 |
| 2013 | $91,800 | $35,500 | $127,300 | $1,199 |
| 2011 | $86,800 | $43,200 | $130,000 | $922 |
| 2010 | $113,800 | $51,000 | $164,800 | $1,028 |
| 2009 | $113,800 | $51,000 | $164,800 | $1,122 |
| 2008 | $111,800 | $50,100 | $161,900 | $1,133 |
| 2007 | $101,800 | $39,000 | $140,800 | $1,019 |
Property facts
Year built
1968
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
1,392 sqft
Lot size
191,664 sqft
ZIP code
55731
City
Ely
Street
Highway 1
Coordinates
47.83098, -91.82583
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,088
Gross rental yield
7.16%
Implied cap rate
4.65%
Trend-extrapolated value
—
Frequently asked questions
When did 1543 Highway 1 last sell?
1543 Highway 1 most recently sold on Jul 14, 2023 for $350,000.
What is the current tax assessment for 1543 Highway 1?
The most recent total assessment for 1543 Highway 1 (year 2026) is $330,154 with $2,602 in property tax.
How does 1543 Highway 1's assessment compare to its last sale price?
The current assessment is 5.7% below the last sale price of $350,000.
When was 1543 Highway 1 built?
1543 Highway 1 was built in 1968.
How does 1543 Highway 1 compare to others on Highway 1?
We track 8 other properties on Highway 1. Browse the list under "Other properties on Highway 1" to compare beds, baths, and sale history.
What are the property facts for 1543 Highway 1?
1543 Highway 1 is a 2 bed, 1 bath, 1,392 sqft, 191,664 sqft lot single_family.
Is 1543 Highway 1 a flip candidate?
No — 1543 Highway 1 does not appear in our flips dataset.
Is 1543 Highway 1 a tax-appeal candidate?
No — 1543 Highway 1 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
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