NOT LISTED FOR SALE

1121 E Madison St Unit DT Ely, MN 55731

Estimated Value: $286,000 - $344,000

5 Beds
3 Baths
2,414 Sq Ft
$132/Sq Ft Est. Value

Last Sold August 03, 2022

Last sale price $299,000 $124 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,058/month

11 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Great Room
  • Wood Flooring
  • Bonus Room
  • No HOA

About This Home

As of August 2022

This Beautiful 5 bedroom 3 bathroom fully furnished home is conveniently located in the northeast part of town, and is currently being used as a licensed short-term rental. Of course it can easily be converted to a single family home - all you have to do is move in! The enjoyment starts with the brand new front porch that leads into the comfortably spacious living room. Cooking is a breeze in the upgraded kitchen, and quick meals can be eaten at the breakfast bar or slow down and eat at the kitchen table. There is a main floor bedroom and a full bathroom off the kitchen. Upstairs there are 3 bedrooms, a bonus room that is currently being used as a bedroom and a full bathroom. The Basement features a spacious great room, a spacious bedroom with a walk-in closet and a utility room with another bathroom and 2 x 50 gallon hot water heaters. 1 car detached garage. Excellent investment opportunity or beautiful family home, you choose!

Last Listed By

Jim Burke

Keller Williams Classic Realty NW Listed on: 04/25/2022

Keller Williams Classic Realty NW

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,823

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Fenced Yard
  • Landscaped

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Plaster Walls
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Beamed Ceilings
  • Ceiling Fan
  • Vinyl Clad Windows
  • Wood Frame Window
  • Great Room
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Bonus Room
  • Lower Floor Utility Room
  • Property Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Finished Basement

  • Basement Fills Entire Space Under The House
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Window Egress

Parking

  • 1 Car Detached Garage
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows

Outdoor Features

  • Rain Gutters
  • Porch

Utilities

  • Dehumidifier
  • Boiler Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • Fuel Tank
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 030-00200-01890

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,823

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: In town. 1121 Madison Street East.
  • InternetOptions: Cable, DSL, Satellite
  • L O1 Office Phone1 Number: 218-276-5495
  • List Price/ Sq Ft: 123.86
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2022
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Reso Association Amenities: Ceiling Fans, Hardwood Floors, Kitchen Center Island, Natural Woodwork, Tiled Floors, Beamed Ceilings, Drywalls, Plaster Walls, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Fenced Yard - Full, Porch, Gutter/Downspout
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1714
  • Below Grade Finished Sq Ft: 700
  • Garage Type: Detached
  • Heat: Boiler, Oil
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Room 10: Other
  • Room 11: Bathroom
  • Room 12: Bonus Room
  • Bedroom 3: Bathroom
  • TotalBedrooms: 5
  • Year Built: 1900
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel11: Second Floor
  • RoomLevel12: Second Floor
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Second Floor
  • RoomLevel6: Second Floor
  • RoomLevel7: Second Floor
  • RoomLevel8: Lower
  • RoomLevel9: Lower
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dehumidifier, Disposal, Dryer, Dishwasher, Exhaust Fan/Hood, Microwave, Refrigerator, Range/Stove, Washer
  • Basement Features: Egress Windows, Finished, Bath, Bedrooms, Family/Rec Room, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Poured Concrete
  • Estimated Basement Sq Ft: 800
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Main Floor, Full Upper
  • Formal Dining: Breakfast Bar, Combine with Kitchen, Eat-In Kitchen
  • Extra Rooms: Den/Office
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: Bedroom
  • Room 7: Bedroom
  • Room 8: Bedroom
  • Room 9: Great Room
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2414
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: City
  • Construction Status: Previously Owned
  • Exterior: Vinyl
  • Window Features:Insulated Windows: Energy Windows, Vinyl Frame, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Concrete, Off Street, Street
  • Garage Features: Electrical Service
  • Garage Capacity: 1
  • ParkingFeaturesGarageDimensions: 16 x 22

Utilities

  • Power Company: City Of Ely
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Ely #696
  • Junior High Dist: Ely #696

Lot Info

  • Geo Update Timestamp: 2022-04-25
  • Estimated Lot Dimensions: 50 x 140
  • Estimated Number of Acres: 0.14
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped
  • Parcel Number: 030-00200-01890

Rental Info

  • Lease Terms: Cash, Conventional, FHA, VA DVA

Tax Info

  • Tax Amount: 3823

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2022
Closed on
Aug 3, 2022
Sold by
Singery Keith M and Singery Anna M
Bought by
Gregerson Chad A and Gregerson Serena L
Seller's Agent
Jim Burke
Keller Williams Classic Realty NW
Buyer's Agent
Jodi Nyman
Z' Up North Realty
List Price
$299,000
Sold Price
$299,000
Total Days on Market
11
Current Estimated Value
$319,346

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,346
Avg. Annual Appreciation
1.78%
Original Mortgage
$150,000
Outstanding Balance
$145,014
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$168,946

Purchase Details

Listed on
Mar 10, 2020
Closed on
Apr 17, 2020
Sold by
Houle Julie Dawn
Bought by
Singery Keith
Seller's Agent
Kate Davies
Bear Island Realty LLC
Buyer's Agent
Jim Burke
Keller Williams Classic Realty NW
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.22%
Original Mortgage
$131,250
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2011
Sold by
Montana James Samuel
Bought by
Houle Julie Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 1, 2005
Sold by
Wielinski Peter A and Wielinski Kathryn A
Bought by
Montana James S and Montana Julie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,400
Interest Rate
6.04%
Mortgage Type
Fannie Mae Freddie Mac

Range of Values:

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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 Buyer Sale Price Title Company
Gregerson Chad A $299,000 Northwest Title
Singery Keith $175,000 Northeast Title Company
Houle Julie Dawn -- Canoe Country Title
Montana James S $88,000 Ne Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gregerson Chad A $150,000
Previous Owner Singery Keith $131,250
Previous Owner Houle Julie Dawn $70,000
Previous Owner Houle Julie Dawn $62,000
Previous Owner Montana James S $70,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2022 08/03/22 Sold $299,000 0.0% $124 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/25/2022 04/25/22 For Sale $299,000 +70.9% $124 / Sq Ft
04/17/2020 04/17/20 Sold $175,000 0.0% $74 / Sq Ft
03/16/2020 03/16/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $175,000 -- $74 / 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
2023 $3,444 $242,900 $9,700 $233,200
2022 $3,848 $200,300 $9,200 $191,100
2021 $2,318 $167,700 $8,400 $159,300
2020 $1,190 $147,900 $8,400 $139,500
2019 $1,124 $101,600 $8,400 $93,200
2018 $680 $100,200 $8,400 $91,800
2017 $686 $78,300 $7,400 $70,900
2016 $780 $75,700 $6,800 $68,900
2015 $693 $48,200 $4,600 $43,600
2014 $693 $48,200 $4,600 $43,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6102373

APN: 030020001890