Seller's Agent in 2025
Barbara Hegg
Vermilion Land Office, Inc.
(218) 742-2369
2 in this area
191 Total Sales
4
Beds
2
Baths
1,496
Sq Ft
0.43
Acres
Highlights
- 18,731 Sq Ft lot
- Corner Lot
- Living Room
- Memorial High School Rated 9+
- No HOA
- 5-minute walk to Whiteside Park
About This Home
As of October 2025Spacious 4-Bed, 2-Bath Family Home in Ely, MN – With Income Potential! Welcome to this versatile home located on the east end of Ely—perfect for growing families or those looking to offset their mortgage with rental income. This property offers two fully functional living spaces, with a kitchen and living room on both floors. Ideal for multi-generational living, a mother-in-law suite, or a long-term or short-term rental. Restored maple flooring adds warmth and charm throughout, newer tip-out windows bring in natural light and are easy to clean. Sitting on five city lots, there's ample space for kids to play, gardening, or building a future garage or workshop. Located in a residential area close to schools, parks, and downtown Ely. Live comfortably on the main floor and rent out the upper level for extra income. Great opportunity to own a home with built-in rental flexibility Could also serve as a seasonal cabin or vacation rental (VRBO, Airbnb). A great opportunity!
Last Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,983
Year Built
- Built in 1915
Lot Details
- 0.43 Acre Lot
- Lot Dimensions are 125x150
- Corner Lot
Parking
- Open Parking
Home Design
- Vinyl Siding
Interior Spaces
- 1,496 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room
Kitchen
- Range
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Utilities
- No Cooling
- Vented Exhaust Fan
- Baseboard Heating
- Hot Water Heating System
Community Details
- No Home Owners Association
- Whiteside Park Add To Ely Subdivision
Listing and Financial Details
- Assessor Parcel Number 030038001670
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 15, 2025
Closed on
Aug 19, 2025
Sold by
Ely 1 Llc
Bought by
Teigen Thomas
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc.
Buyer's Agent
NON-RMLS NON-RMLS
Non-MLS
List Price
$179,000
Sold Price
$180,500
Premium/Discount to List
$1,500
0.84%
Views
8
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.33%
Original Mortgage
$135,375
Interest Rate
6.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 5, 2018
Closed on
Jul 16, 2018
Sold by
Kowal Patrick J and Kowal Debra A
Bought by
Ely 1 Llc
Seller's Agent
Phil Hyde
Bear Island Land Co., Inc
Buyer's Agent
Phil Hyde
Bear Island Land Co., Inc
List Price
$139,900
Sold Price
$134,000
Premium/Discount to List
-$5,900
-4.22%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.19%
Original Mortgage
$107,600
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Oct 1, 2002
Sold by
Krnichar Anne G
Bought by
Kowal Patrick J and Kowal Debra A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
6.34%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $180,500 | Northeast Title | |
| Warranty Deed | $134,500 | Northeast Title Company | |
| Warranty Deed | $65,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $135,375 | New Conventional | |
| Previous Owner | $107,600 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $52,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/15/2025 10/15/25 | Sold | $180,500 | +0.8% | $121 / Sq Ft | |
| 07/24/2025 07/24/25 | Pending | -- | -- | -- | |
| 07/15/2025 07/15/25 | For Sale | $179,000 | +33.6% | $120 / Sq Ft | |
| 07/16/2018 07/16/18 | Sold | $134,000 | -4.2% | $89 / Sq Ft | View Prior Sale |
| 06/20/2018 06/20/18 | Pending | -- | -- | -- | |
| 03/05/2018 03/05/18 | For Sale | $139,900 | -- | $93 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $3,068 | $180,700 | $21,100 | $159,600 |
| 2023 | $3,068 | $171,400 | $20,500 | $150,900 |
| 2022 | $2,630 | $163,300 | $19,400 | $143,900 |
| 2021 | $2,646 | $137,500 | $17,600 | $119,900 |
| 2020 | $2,406 | $123,900 | $17,600 | $106,300 |
| 2019 | $2,298 | $123,900 | $17,600 | $106,300 |
| 2018 | $1,772 | $121,100 | $17,600 | $103,500 |
| 2017 | $1,804 | $93,100 | $18,900 | $74,200 |
| 2016 | $1,856 | $89,200 | $17,200 | $72,000 |
| 2015 | $1,804 | $93,400 | $19,200 | $74,200 |
| 2014 | $1,804 | $93,400 | $19,200 | $74,200 |
Source: Public Records
Agents Affiliated with this Home
-
Barbara Hegg
-
N
Buyer's Agent in 2025
NON-RMLS NON-RMLS
Non-MLS
-
P
Seller's Agent in 2018
Phil Hyde
Bear Island Land Co., Inc
Map
Source: NorthstarMLS
MLS Number: 6755734
APN: 030038001670
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