1557 Highway 1
Ely, MN 55731
3 bd 1 ba 1,426 sqft Built 1977 Lot 121,097 sqft single_family
Most recent sale
$99,000
Nov 22, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 22, 2021 | Sold | $99,000 | MLS #6098255 |
| Jul 9, 2021 | Listed | $99,900 | MLS #6098255 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $156,379 | $33,710 | $190,089 | $1,330 |
| 2025 | $147,870 | $33,390 | $181,260 | $1,314 |
| 2023 | $127,734 | $28,610 | $156,344 | $1,420 |
| 2022 | $107,120 | $23,936 | $131,056 | $1,310 |
| 2021 | $118,900 | $28,200 | $147,100 | $1,866 |
| 2020 | $118,900 | $28,200 | $147,100 | $1,728 |
| 2019 | $118,000 | $32,600 | $150,600 | $1,718 |
| 2018 | $96,128 | $27,298 | $123,426 | $1,158 |
| 2017 | $84,696 | $25,759 | $110,455 | $1,030 |
| 2016 | $71,300 | $24,800 | $96,100 | $852 |
| 2015 | $71,300 | $24,800 | $96,100 | $866 |
| 2014 | $71,300 | $24,800 | $96,100 | $856 |
| 2013 | $71,800 | $27,100 | $98,900 | $891 |
| 2012 | $71,800 | $27,100 | $98,900 | $932 |
| 2011 | $78,700 | $29,500 | $108,200 | $723 |
| 2010 | $107,800 | $36,400 | $144,200 | $824 |
| 2009 | $107,800 | $36,400 | $144,200 | $906 |
| 2008 | $100,600 | $34,000 | $134,600 | $840 |
| 2007 | $88,500 | $28,500 | $117,000 | $744 |
Property facts
Year built
1977
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,426 sqft
Lot size
121,097 sqft
ZIP code
55731
City
Ely
Street
Highway 1
Coordinates
47.83110, -91.82825
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$594
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 1557 Highway 1 last sell?
1557 Highway 1 most recently sold on Nov 22, 2021 for $99,000.
What is the current tax assessment for 1557 Highway 1?
The most recent total assessment for 1557 Highway 1 (year 2026) is $190,089 with $1,330 in property tax.
How does 1557 Highway 1's assessment compare to its last sale price?
The current assessment is 92.0% above the last sale price of $99,000.
When was 1557 Highway 1 built?
1557 Highway 1 was built in 1977.
How does 1557 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 1557 Highway 1?
1557 Highway 1 is a 3 bed, 1 bath, 1,426 sqft, 121,097 sqft lot single_family.
Is 1557 Highway 1 a flip candidate?
No — 1557 Highway 1 does not appear in our flips dataset.
Is 1557 Highway 1 a tax-appeal candidate?
Yes — 1557 Highway 1 appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
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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