Movoto Real Estate
Search
About Home value Tax history Market statistics Schools Neighborhood Places of interest
  • Map Image
  • Map Image
  • Map Image

492 Shady Ln, Ely, MN 55731

  • $486,000

    Last sold date unavailable

  • 2

    bed

  • —

    bath

  • 582

    Sqft ($146/Sqft)

House not for sale
Learn about Ely's top local Real Estate agents

About 492 Shady Ln

Property type House
Year built 1970
HOA fee $0/month
Lot size 2 Sqft
Movoto estimate
Property description
This 2-bedroom single-family home is located at 492 Shady Ln, Ely, MN, 55731 in Saint Louis County and was built in 1970. This home offers 582 square feet of living space on a 2.36-acre lot. The estimated market value is $486,000, approximately $835 per square foot.
$486K
Range: $243K-$729K
Last 30 days 
  • Year Property taxes Tax assessment
  • 2025
    $1,632 -7.8%
    $342,500
  • 2023
    $1,771 -10.1%
    $342,500 +31.53%
  • 2019
    $1,970 -6.8%
    $260,400 +3.13%
  • 2018
    $2,113 +12.6%
    $252,500 -4.61%
  • 2017
    $1,876 +22.4%
    $264,700 +7.17%
  • 2016
    $1,533 -2.7%
    $247,000
  • 2015
    $1,576
    —
  • 2014
    $1,576
    —
  • 492 Shady Ln
    $84.9K
  • —
  • 55731
    $475K +5% y/y
  • Ely
    $475K +5% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
470 Shady Ln, Ely, MN 55731 $730,000 2/1 1,048 0.05
496 Shady Ln, Ely, MN 55731 $583,000 2/— 1,076 0.05
498 Shady Ln, Ely, MN 55731 $166,000 1/— 285 0.08
468 Shady Ln, Ely, MN 55731 $572,000 1/2 1,776 0.11
464 Shady Ln, Ely, MN 55731 $399,000 3/— 680 0.14
454 Shady Ln, Ely, MN 55731 $469,000 2/— 488 0.17
425 Shady Ln, Ely, MN 55731 $1,612,900 1/— 195 0.19
452 Shady Ln, Ely, MN 55731 $428,000 1/— 736 0.22

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

Thinking of selling? Get a Cash Offer.

  • A smooth, fast sale
  • Skip staging and repairs
  • No strings attached
7/10
William Kelley Elementary School
public Grades PK, K-6
Lake Superior Public School Dist.
5/10
Kelley Secondary
public Grades 7-12
Lake Superior Public School Dist.
Source: GreatSchools.org © 2026. All rights reserved.

Around the neighborhood

Explore everything this neighborhood has to offer.
View homes for sale in 55731, MN
By entering my info and clicking Ask a Question below, I am providing my e-signature and express written consent to receive marketing emails, calls, and texts (including via automatic telephone dialing systems, AI generative, artificial or pre-recorded voice technology) relating to my inquiry from Movoto (and parties calling/messaging on their behalf) even if my number appears on the company, state, or national Do Not Call Registry. You also agree to ourTerms and Conditions and Privacy Policy. Consent not required to receive services (call 1-844-420-1270 to be connected without providing consent).

Nearby recently sold homes in Ely, MN

Nearby homes for sale in Ely, MN

  • Real Estate
  • MN
  • Saint Louis County
  • Ely
  • 55731
  • 492 Shady Ln
Meet with a real estate agent today (844) 430-0869
  • Movoto Logo
  • Download IOS APP Download Android APP
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
Movoto Real Estate is committed to ensuring accessibility for individuals with disabilities. We are continuously working to improve the accessibility of our web experience for everyone. We welcome feedback and accommodation requests, please submit them here.
Requests for information regarding mortgage products will be directed to Movoto.com affiliate, Lower, LLC - a licensed Mortgage Lender (NMLS #1124061), or, based on your location, may be redirected to a participating mortgage marketing partner that may pay Lower, LLC for any consumer contact information provided through this site.