2208 Highway 1
Ely, MN 55731
4 bd 3 ba 2,300 sqft Built 2003 Lot 2,178,000 sqft single_family
Most recent sale
$360,000
Jun 3, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 3, 2022 | Sold | $360,000 | MLS #6101918 |
| Apr 3, 2022 | Price changed | $395,000 | MLS #6101918 |
| Mar 30, 2022 | Listed | $415,000 | MLS #6101918 |
| Jun 12, 2009 | Listing removed | $259,000 | Arrowhead |
| Apr 4, 2009 | Listed | $259,000 | MLS #25913 |
| Feb 22, 2009 | Listing removed | $259,000 | RangeMLS |
| Feb 13, 2009 | Listing removed | $259,000 | RangeMLS |
| Feb 12, 2009 | Listing removed | $259,000 | Arrowhead |
| Aug 5, 2008 | Listed | $259,000 | MLS #24770 |
| Sep 4, 2001 | Sold | $23,251 | Public Record |
| May 29, 2001 | Sold | $30,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $288,400 | $68,300 | $356,700 | $3,700 |
| 2025 | $275,300 | $68,300 | $343,600 | $3,680 |
| 2023 | $155,986 | $52,242 | $208,228 | $2,242 |
| 2022 | $131,963 | $72,738 | $204,701 | $2,074 |
| 2021 | $123,221 | $72,324 | $195,545 | $2,128 |
| 2020 | $123,221 | $72,324 | $195,545 | $1,962 |
| 2019 | $123,221 | $72,324 | $195,545 | $1,756 |
| 2018 | $103,551 | $78,862 | $182,413 | $1,740 |
| 2017 | $103,551 | $78,862 | $182,413 | $1,594 |
| 2016 | $91,747 | $74,978 | $166,725 | $1,562 |
| 2015 | $91,700 | $75,000 | $166,700 | $1,586 |
| 2014 | $91,700 | $75,000 | $166,700 | $1,570 |
| 2013 | $91,700 | $75,000 | $166,700 | $1,747 |
| 2012 | $92,500 | $90,900 | $183,400 | $1,758 |
| 2011 | $93,600 | $100,800 | $194,400 | $1,463 |
| 2010 | $119,200 | $108,900 | $228,100 | $1,548 |
| 2009 | $119,200 | $108,900 | $228,100 | $1,785 |
| 2008 | $119,200 | $108,900 | $228,100 | $1,603 |
| 2007 | $111,100 | $67,000 | $178,100 | $1,449 |
Property facts
Year built
2003
Property type
single_family
Stories
1
Beds
4
Baths
3
Living area
2,300 sqft
Lot size
2,178,000 sqft
ZIP code
55731
City
Ely
Street
Highway 1
Coordinates
47.88828, -91.83295
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,450
Gross rental yield
11.50%
Implied cap rate
7.48%
Trend-extrapolated value
—
Frequently asked questions
When did 2208 Highway 1 last sell?
2208 Highway 1 most recently sold on Jun 3, 2022 for $360,000.
What is the current tax assessment for 2208 Highway 1?
The most recent total assessment for 2208 Highway 1 (year 2026) is $356,700 with $3,700 in property tax.
How does 2208 Highway 1's assessment compare to its last sale price?
The current assessment is 0.9% below the last sale price of $360,000.
When was 2208 Highway 1 built?
2208 Highway 1 was built in 2003.
How does 2208 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 2208 Highway 1?
2208 Highway 1 is a 4 bed, 3 bath, 2,300 sqft, 2,178,000 sqft lot single_family.
Is 2208 Highway 1 a flip candidate?
No — 2208 Highway 1 does not appear in our flips dataset.
Is 2208 Highway 1 a tax-appeal candidate?
No — 2208 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
+4.8%
2026 Q3
$266.6K
2026 Q4
$269.6K
ZIP 55731 — Median Price History + Forecast
Explore nearby
Other properties on Highway 1