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Single Family ResidenceResidential
$907,083$564 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 91How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026

3248 SHADY RST

ELY, MN 55731
1
Beds
2
Baths
1,608 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1.3 ac
Lot SizeThe size of the land the home sits on, from county records.
2011
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$907K
$826K low$988K high
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$0
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$0
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.118%
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$595,000
QUEEN CITY FEDERAL SAVINGS BANK · recorded May 23, 2011
2nd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$417,000
FRANDSEN BANK & TRUST
3rd MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$75,000

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,036 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$1,192,200 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$215,900
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$976,300
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$1,064,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$1,192,200

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.50
99
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
35
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
39
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
61
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
19
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.197 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.51%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.A-Frame
CountyLAKE
Lot (acres)The size of the land the home sits on, from county records.1.30
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Wood
HeatingThe type of heating system in the home.Yes
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.Pool W/Hot Tub/Spa
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.SaunaDeck · 144 ft²

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Two Harbors Secondary SchoolB+
Middle · Grades 6–12 · 57.5 mi
E
Minnehaha Elementary SchoolB
Elementary · Grades PK–5 · 59.3 mi

District: Lake Superior Public School District

Neighborhood · ZIP 55731These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.157
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.89
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.12

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.57%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.25%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.6,010
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$60,740
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$74,169
Average tempThe average temperature here across a full year.37°F
Annual precipHow much rain and melted snow falls here in a typical year.29 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.52%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

3248 Shady Rst measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 98% of homes in Ely 55731
  • Costs more per square foot than 93% of homes in Ely 55731
  • Bigger than 90% of homes in Lake County
  • Newer than 91% of homes in Ely 55731

What homes are worth in Ely 55731

Each bar is how many homes fall in that price range. The marker is this home.

This home
$61K$894K

This home is worth more than 98% of homes in Ely 55731.

How it measures up in Ely 55731

The dot is this home. The mark in the middle is the typical home in Ely 55731.

Estimated value$907,083
CheaperTypical $205,521Pricier

Pricier than 98% of homes nearby

Price per ft²$564
CheaperTypical $189Pricier

Pricier than 93% of homes nearby

Living area1,608 ft²
SmallerTypical 1,073 ft²Bigger

Bigger than 82% of homes nearby

Lot size1.3 ac
SmallerTypical 1.2 acBigger

Bigger than 52% of homes nearby

Year built2011
OlderTypical 1976Newer

Newer than 91% of homes nearby

How 3248 Shady Rst ranks against every home in each area.
MeasureThis homeEly 55731Lake County
Estimated valuepricier than$907,08398% of homes97% of homes
Price per ft²pricier than$56493% of homes91% of homes
Living areabigger than1,608 ft²82% of homes90% of homes
Lot sizebigger than1.3 ac52% of homes48% of homes
Year builtnewer than201191% of homes90% of homes

About 3248 Shady Rst

How much is 3248 Shady Rst, Ely, MN worth?

The TopHap Estimate for 3248 Shady Rst, Ely, MN is $907,083 as of Jul 14, 2026. The likely range is $826,276 to $987,890. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3248 Shady Rst, Ely, MN last sell?

3248 Shady Rst, Ely, MN last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 3248 Shady Rst, Ely, MN?

3248 Shady Rst, Ely, MN has 1 bedrooms, 2 bathrooms, 1,608 square feet of living space and a 1.30-acre lot.

When was 3248 Shady Rst, Ely, MN built?

3248 Shady Rst, Ely, MN was built in 2011, making it 15 years old. It is a a-frame home. The building has 2 stories.

What schools serve 3248 Shady Rst, Ely, MN?

3248 Shady Rst, Ely, MN is assigned to Two Harbors Secondary School (middle), rated B+; Minnehaha Elementary School (elementary), rated B. All sit in Lake Superior Public School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3248 Shady Rst, Ely, MN compare to other homes in Ely 55731?

Among the 5,988 homes in Ely 55731, it is worth more than 98% of them ($907,083 against a typical $205,521), its price per square foot is higher than 93% of them ($564 against a typical $189), it is bigger than 82% of them (1,608 ft² against a typical 1,073 ft²), its lot is bigger than 52% of them (1.3 ac against a typical 1.2 ac) and it is newer than 91% of them (2011 against a typical 1976). Measured against all of Lake County, it is worth more than 97% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 3248 Shady Rst, Ely, MN?

The 2025 property tax bill for 3248 Shady Rst, Ely, MN was $7,036. The county assessed it at $1,192,200.

Closest homes

More homes in Ely 55731

Assigned schools

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