Seasonal, Cabin, Vacation ResidenceResidential
492 SHADY LN
ELY, MN 55731
2
Beds
0
Baths
587 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.
2.36 ac
Lot SizeThe size of the land the home sits on, from county records.
1970
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Tax & Assessment
Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$1,535 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$359,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$205,500
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$153,500
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$342,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$359,000
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.37
39
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
29
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.
60
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.8 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
Scores 0–100; higher = greater projected risk.
Property Facts
Property TypeThe broad category the county puts this property in, such as residential or commercial.Seasonal, Cabin, Vacation Residence
StyleThe architectural style of the home, such as ranch or colonial.Rustic
CountyLAKE
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1995
Lot (acres)The size of the land the home sits on, from county records.2.36
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
HeatingThe type of heating system in the home.Space
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Mixed
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 · 36 ft²
Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.
ME
Two Harbors Secondary SchoolC
Middle · Grades 6–12 · 62.2 mi
Minnehaha Elementary SchoolB
Elementary · Grades PK–5 · 64.0 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%
Owner Tools
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Claim this homeData 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
492 Shady Ln 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.
- Smaller than 85% of homes in Ely 55731
- Has a bigger lot than 65% 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.
Living area587 ft²
SmallerTypical 1,076 ft²Bigger
Bigger than 15% of homes nearby
Lot size2.36 ac
SmallerTypical 1.17 acBigger
Bigger than 65% of homes nearby
Year built1970
OlderTypical 1976Newer
Newer than 44% of homes nearby
| Measure | This home | Ely 55731 | Lake County |
|---|---|---|---|
| Living areabigger than | 587 ft² | 15% of homes | 16% of homes |
| Lot sizebigger than | 2.36 ac | 65% of homes | 56% of homes |
| Year builtnewer than | 1970 | 44% of homes | 43% of homes |
About 492 Shady Ln
When did 492 Shady Ln, Ely, MN last sell?
492 Shady Ln, Ely, MN last sold on Jan 1, 1900, according to the county's recorded deed.
How big is 492 Shady Ln, Ely, MN?
492 Shady Ln, Ely, MN has 2 bedrooms, 587 square feet of living space and a 2.36-acre lot.
When was 492 Shady Ln, Ely, MN built?
492 Shady Ln, Ely, MN was built in 1970, making it 56 years old. It is a rustic home. The building has 1 story.
What schools serve 492 Shady Ln, Ely, MN?
492 Shady Ln, Ely, MN is assigned to Two Harbors Secondary School (middle), rated C; 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 492 Shady Ln, Ely, MN compare to other homes in Ely 55731?
Among the 5,982 homes in Ely 55731, it is bigger than 15% of them (587 ft² against a typical 1,076 ft²), its lot is bigger than 65% of them (2.36 ac against a typical 1.17 ac) and it is newer than 44% of them (1970 against a typical 1976). These shares are recounted nightly from the full county assessor record for each area, not from active listings.
What are the property taxes on 492 Shady Ln, Ely, MN?
The 2026 property tax bill for 492 Shady Ln, Ely, MN was $1,535. The county assessed it at $359,000.
More homes on Shady Ln
- 452 Shady Ln1 bd · 816 ft² · Sold $51K · Jun 2021
- 404 Shady Ln$704K3 bd · 2 ba · 1,220 ft² · Sold $550K · Oct 2020
- 498 Shady Ln1 bd · 304 ft² · Sold $40K · Apr 2019
- 296 Shady Ln360 ft² · Sold $119K · Jun 2017
- 296 Shady Ln2 bd · 1 ba · 672 ft² · Sold $119K · Jun 2017
- 378 Shady Ln$431K3 bd · 1 ba · 1,032 ft² · Sold $330K · Apr 2016
- 470 Shady Ln2 bd · 1 ba · 1,092 ft² · Sold $375K · Aug 2014
- 468 Shady Ln$712K1 bd · 2 ba · 1,776 ft² · Sold $140K · Jul 2008
- 287 Shady Ln1 bd · 1 ba · 812 ft² · Sold $450K · May 2008
- 425 Shady Ln$344K1 bd · 195 ft² · Sold Jan 1900
- 285 Shady Ln1 bd · 1 ba · 624 ft² · Sold Jan 1900
- 496 Shady Ln$529K2 bd · 2.3 ba · 1,076 ft² · Sold Jan 1900
Closest homes
- 496 Shady Ln$529K204 ft · 2 bd · 2.3 ba · 1,076 ft² · Sold Jan 1900
- 498 Shady Ln426 ft · 1 bd · 304 ft² · Sold $40K · Apr 2019
- 470 Shady Ln418 ft · 2 bd · 1 ba · 1,092 ft² · Sold $375K · Aug 2014
- 468 Shady Ln$712K0.1 mi · 1 bd · 2 ba · 1,776 ft² · Sold $140K · Jul 2008
- 0.1 mi · 2.46 ac · Sold $682K · Aug 2024
- 0.1 mi · 2.21 ac · Sold Jan 1900
- 464 Shady Ln0.2 mi · 3 bd · 0.8 ba · 680 ft² · Sold Jan 1900
- 425 Shady Ln$536K0.2 mi · 1,648 ft² · Sold Jan 1900
More homes in Ely 55731
- 840 E Chapman St$160K5 bd · 2 ba · 1,296 ft² · Sold $119K · Oct 2026
- 1663 Saari Rd3 bd · 3.5 ba · 2,640 ft² · Sold Oct 2026
- 1280 S White Iron Rd$798K4 bd · 1.5 ba · 1,248 ft² · Sold $745K · Oct 2026
- 954 E Camp St$150K4 bd · 1.8 ba · 1,732 ft² · Sold $150K · Sep 2026
- 2581 Hallmark Dr$409K3 bd · 2 ba · 1,404 ft² · Sold $188K · Sep 2026
- 13321 Lodge Rd2 bd · 1 ba · 572 ft² · Sold $340K · Sep 2026
- 10.54 ac · Sold $370K · Sep 2026
- 2326 Passi Rd2 bd · 1 ba · 916 ft² · Sold $300K · Sep 2026
- 4.5 ac · Sold $165K · Sep 2026
- 1675 Bradach Rd2 bd · 1.8 ba · 1,746 ft² · Sold $780K · Sep 2026
- 1305 E Main St$101K0.33 ac · Sold $10K · Sep 2026
- 1505 E Harvey St$267K3 bd · 1.8 ba · 1,252 ft² · Sold $265K · Sep 2026
Assigned schools
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