NOT LISTED FOR SALE

1060 E Madison St Ely, MN 55731

Estimated Value: $122,000 - $159,000

3 Beds
1.5 Baths
1,042 Sq Ft
$142/Sq Ft Est. Value

Last Sold January 19, 2021

Last sale price $114,000 $109 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $873/month

47 Days on Market

Highlights

  • 2 Car Detached Garage
  • Forced Air Heating System
  • Wood Burning Fireplace
  • Memorial High School Rated 9+

About This Home

As of January 2021

Check out this gem! Charming 3 bedroom, 2 bath house located in the heart of the northland, just a few miles from the Boundary Waters. Situated on a corner lot, this well insulated home features new siding, windows, roof and propane furnace. Large, 2 stall garage with a wood shop. Living room is accented with beautiful built-ins and tongue and groove. Main level bedroom, updated bathroom and separate dining space. Spacious mudroom and wood burning, freestanding stove round out this amazing home. Don't miss the opportunity, call your local agent for a tour!

Last Agent to Sell the Property

Sara Powell

z' Up North Realty License #40379539 Listed on: 11/01/2020

Last Buyer's Agent

Don Stocks

Wildwoods Land Company License #20556658

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $728

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,042 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Fireplace
  • Free Standing Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1.5 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 030-0200-02330

Home Details

Home Type

Single Family

Est. Annual Taxes

$728

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Forced Air, Gas - Propane
  • Lower Level Bathrooms: .5
  • Lvt Date: 11/01/2020
  • Number Of Bedrooms: 3
  • Parcel Code Number: 030-0200-02330
  • Percent Of Bsmnt Finished: 15
  • Real Estate Tax: 728
  • Style: 1 1/2 Story
  • Type: Residential
  • Upper Level Bedrooms: 2
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 1042
  • Bedroom 1: Size: 10x14, On Level: Main
  • Total Bathrooms: 1.5
  • Basement: Block, Full
  • Bedroom 2: Size: 12x12, On Level: Upper
  • Bedroom 3: Size: 10x12, On Level: Upper
  • Dining Room: Size: 12x12
  • Fireplace: Free Standing, Wood Burning
  • Kitchen: Size: 12x12
  • Living Room: Size: 14x16
  • Main Level Bedrooms: 1
  • Other Room 2: Mudroom, Size: 9x10
  • Other Room 3: Bathroom, Size: 5x8, On Level: Upper

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt

Garage/Parking

  • Garage: Detached
  • Garage Capacity: 2
  • Garage Size: 20x36

Utilities

  • Utilities: City Water, City Sewer
  • Water Heater: Electric

Lot Info

  • Fencing: Wood Privacy
  • Lot Size: Dimensions: 140x50
  • Number Of Acres: 0.16
  • Zoning: res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2020
Closed on
Jan 13, 2021
Sold by
Larson Todd
Bought by
Schoonover Paul Kristof
Seller's Agent
Sara Powell
z' Up North Realty
Buyer's Agent
Don Stocks
Wildwoods Land Company
List Price
$124,000
Sold Price
$114,000
Premium/Discount to List
-$10,000
-8.06%
Current Estimated Value
$150,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,217
Avg. Annual Appreciation
5.43%

Purchase Details

Closed on
May 7, 2009
Sold by
Larson John H and Larson Mary E
Bought by
Larson Todd and Larson Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2003
Sold by
Larson Todd J and Larson Karen E
Bought by
Larson John H and Larson Mary E

Purchase Details

Closed on
Aug 26, 2002
Sold by
Larson Todd J and Larson Karen E
Bought by
Larson Todd J and Larson Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,400
Interest Rate
11.75%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Buyer Sale Price Title Company
Schoonover Paul Kristof $114,500 Northeast Title Company
Larson Todd -- Ne Ely
Larson John H -- --
Larson Todd J -- --
Schoonover Paul Paul $114,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Larson Todd $60,000
Previous Owner Larson Todd J $57,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/19/2021 01/19/21 Sold $114,000 -8.1% $109 / Sq Ft
12/18/2020 12/18/20 Pending -- -- --
11/01/2020 11/01/20 For Sale $124,000 -- $119 / Sq Ft
Source: Range Association of 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 $990 $119,400 $10,600 $108,800
2023 $990 $113,200 $10,200 $103,000
2022 $898 $104,700 $9,700 $95,000
2021 $1,716 $88,000 $8,800 $79,200
2020 $728 $78,900 $8,800 $70,100
2019 $678 $78,900 $8,800 $70,100
2018 $516 $77,900 $8,800 $69,100
2017 $510 $68,400 $7,800 $60,600
2016 $600 $66,000 $7,100 $58,900
2015 $525 $39,300 $4,500 $34,800
2014 $525 $39,300 $4,500 $34,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sara Powell

    z' Up North Realty

    (218) 780-7737

    4 in this area

    25 Total Sales

    Sara Powell
    Section Image
  • Don Stocks

    Buyer's Agent in 2021

    Don Stocks

    Wildwoods Land Company

    (218) 340-1353

    23 in this area

    106 Total Sales

    Don Stocks
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 140506

Range Association of REALTORS®

APN: 030020002330

Minnesota St Louis County Ely 55731

1060 E Madison St, Ely, MN

Not Listed for Sale

Detached

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