$325,000
SOLD JUL 28, 2025

1340 Hidden Valley Rd Ely, MN 55731

3 Beds
3 Baths
3,024 Sq Ft
2 Acres

Recently Sold

$107 Per Sq Ft

7% Below List Price

190 Days on Market

Highlights

  • Multiple Garages
  • Deck
  • Ranch Style House
  • Memorial High School Rated 9+
  • Recreation Room
  • Wood Flooring

About This Home

As of July 2025

Tucked away amidst two acres of forested land lies a property like no other—a sanctuary for nature enthusiasts and privacy seekers alike. Enjoy 3,024 sq ft of inviting space, thoughtfully designed to blend comfort and functionality. The 36x40 pole building and 16x24 garage provide ample storage and workspace for all your hobbies and projects. Relish the charm of hardwood floors throughout and a great room crafted in knotty pine, perfect for cozy gatherings. With 3 bedrooms, 3 bathrooms, and a versatile office space, there’s room for everyone to live and thrive. A large handicap-accessible bathroom on the main floor ensures accessibility for all. Multiple outbuildings complement this stunning setting, providing options galore for outdoor activities. Discover peace and serenity in a secluded, beautiful location just outside Ely—where rural living meets modern convenience.

Last Agent to Sell the Property

Andrea Zupancich

Z' Up North Realty Listed on: 10/04/2024

Last Buyer's Agent

Misty Merhar

Z' Up North Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,201

Year Built

  • Built in 1966

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 215x425
  • Property fronts a county road
  • Elevated Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Wood Frame Window
  • Entryway
  • Great Room
  • Family Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Recreation Room
  • Lower Floor Utility Room
  • Storage Room
  • Utility Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom

Parking

  • 6 Car Detached Garage
  • Multiple Garages
  • Gravel Driveway

Accessible Home Design

  • Roll-in Shower
  • Grab Bar In Bathroom
  • Doors with lever handles
  • Doors are 36 inches wide or more
  • Wheelchair Ramps

Outdoor Features

  • Deck
  • Pole Barn
  • Separate Outdoor Workshop
  • Storage Shed
  • Lean-To Shed

Utilities

  • No Cooling
  • Hot Water Heating System
  • Heating System Uses Oil
  • Drilled Well
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0020-05057

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,201

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 169 NE out of Ely to Hidden Valley Rd - right to firenumber
  • L O1 Office Phone1 Number: 218-827-2288
  • PropAdjoinsPublicLand: No
  • Property Sub-Type: SF/Attached
  • Tax Year: 2024
  • Twp Number: 63
  • Lot Description Waterfront: No
  • Ada Features: Doors 36”+, Door Lever Handles, Wheelchair Ramp, Grab Bars in Bathroom, Roll-in Shower
  • Air Conditioner: None
  • Reso Association Amenities: Eat-In Kitchen, Hardwood Floors, Drywalls
  • Amenities Exterior: Deck
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1512
  • Below Grade Finished Sq Ft: 1512
  • Garage Type: Detached, Multiple
  • Heat: Hot Water, Oil
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Room 10: Den/Office
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1966
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Lower
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • RoomLevel9: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 2
  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Features: Finished, Walkout, Bath, Bedrooms, Den/Office, Family/Rec Room, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, 3/4 Main Floor, Full Main Floor
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen
  • Extra Rooms: Den/Office, Family/Rec, Utility Room, Great Room, Entry
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Great Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Rec Room
  • Room 8: Laundry Room
  • Room 9: Storage Room
  • Total Bathrooms: 3
  • Total Fin Square Footage: 3024
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Lean-To, Pole Building, Storage Shed, Workshop, Other Buildings
  • Road Frontage: County
  • Construction Status: Previously Owned
  • Exterior: Vinyl
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel
  • Garage Features: Electrical Service
  • Garage Capacity: 6
  • ParkingFeaturesGarageDimensions: 36x40 16x24

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Drilled

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 215x425
  • Estimated Number of Acres: 2
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, High, Level, Rolling
  • Parcel Number: 465-0020-05057

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 2201

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 4, 2024
Closed on
Jul 24, 2025
Sold by
Pipho Merlin H
Bought by
Gerzin Louis R and Gerzin Kaylie J
Seller's Agent
Andrea Zupancich
Z' Up North Realty
Buyer's Agent
Misty Merhar
Z' Up North Realty
List Price
$350,000
Sold Price
$325,000
Premium/Discount to List
-$25,000
-7.14%
Views
621
Current Estimated Value
$338,469

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,469
Avg. Annual Appreciation
10.41%
Original Mortgage
$319,113
Outstanding Balance
$318,564
Interest Rate
6.77%
Mortgage Type
FHA
Estimated Equity
$19,905
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Personal Reps Deed $325,000 Northeast Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $319,113 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2025 07/28/25 Sold $325,000 -7.1% $107 / Sq Ft
04/20/2025 04/20/25 For Sale $350,000 0.0% $116 / Sq Ft
04/12/2025 04/12/25 Pending -- -- --
01/08/2025 01/08/25 Pending -- -- --
10/04/2024 10/04/24 For Sale $350,000 -- $116 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,766 $283,700 $33,700 $250,000
2023 $2,766 $277,400 $31,100 $246,300
2022 $2,002 $242,800 $28,700 $214,100
2021 $2,030 $211,300 $25,100 $186,200
2020 $1,858 $200,700 $25,100 $175,600
2019 $1,622 $200,700 $25,100 $175,600
2018 $1,608 $185,600 $26,700 $158,900
2017 $1,434 $185,600 $26,700 $158,900
2016 $1,402 $169,500 $25,900 $143,600
2015 $1,409 $147,500 $22,600 $124,900
2014 $1,409 $147,500 $22,600 $124,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6116415

APN: 465002005057