NOT LISTED FOR SALE

1127 E Madison St Ely, MN 55731

Estimated Value: $190,728 - $251,000

3 Beds
1.5 Baths
1,354 Sq Ft
$154/Sq Ft Est. Value

Sale Details

Date Sold: January 8, 2025

Last sale price $193,000 $143 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,270 / mo

57 Days on Market

Highlights

  • Deck
  • 2 Car Detached Garage
  • Partially Fenced Property
  • Memorial High School Rated 9+
  • Enclosed Patio or Porch

About This Home

As of January 2025

Updated 3 bed 2 bath home in Ely. Unwind and relax in your 3 season porch, or on those cool evenings, watch the stars on your expansive back deck and fully fenced in back yard. New appliances (Fridge and Range) and water heater in 2023. This house has a fresh coat of paint and in absolutely move in ready condition.

Last Agent to Sell the Property

Julian Rasmusson

z' Up North Realty License #40637100 Listed on: 09/30/2024

Co-Listed By

Jodi Nyman

z' Up North Realty License #40764018

Last Buyer's Agent

Member Non

NON-MEMBER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,720

Year Built

  • Built in 1940

Lot Details

  • 6,970 Sq Ft Lot
  • Partially Fenced Property
  • Irregular Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,354 Sq Ft Home
  • 2-Story Property
  • 1.75 Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1.5 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Utilities

  • Heating System Uses Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 030-0200-01910

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,720

Year Built

Built in 1940

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Gas
  • Irregular Lot Size: Yes
  • Lower Level Bathrooms: .5
  • Lvt Date: 09/30/2024
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 3
  • Parcel Code Number: 030-0200-01910
  • Patioporch: Deck, Porch, Enclosed
  • Real Estate Tax: 1720.00
  • Style: 1 3/4 Story, 2 Story
  • Type: Residential
  • Upper Level Bedrooms: 3
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 1354
  • Bedroom 1: Size: 12x12, On Level: Upper
  • Total Bathrooms: 1.5
  • Appliances: Electric Range, Garage Opener, Refrigerator, Washer, Elec. Dryer
  • Bedroom 2: Size: 10x11, On Level: Upper
  • Bedroom 3: Size: 10x9, On Level: Upper
  • Dining Room: Size: 13x12, On Level: Main
  • Kitchen: Size: 12x12, On Level: Main
  • Living Room: Size: 17x12, On Level: Main

Exterior Features

  • Exterior: Vinyl
  • Roof: Shingle

Garage/Parking

  • Garage: 2 Stalls, Detached
  • Garage Capacity: 2
  • Garage Size: 24x24

Utilities

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

Lot Info

  • Fencing: Partial
  • Lot Size: Dimensions: 140x50
  • Number Of Acres: 0.16
  • Zoning: Res

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Jan 8, 2025
Sold by
Bought by
Seller's Agent
Julian Rasmusson
z' Up North Realty
Buyer's Agent
Member Non
NON-MEMBER
List Price
$190,000
Sold Price
$193,000
Premium/Discount to List
$3,000
1.58%
Views
27
Current Estimated Value
$208,182

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,182
Avg. Annual Appreciation
5.36%
Original Mortgage
$194,949
Outstanding Balance
$192,179
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$16,003

Purchase Details

Listed on
Dec 6, 2023
Closed on
Jan 11, 2024
Sold by
Bought by
Seller's Agent
Ryan Belt
Iron Country Realty
Buyer's Agent
Member Non
NON-MEMBER
List Price
$174,900
Sold Price
$174,900
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.57%

Purchase Details

Closed on
Oct 3, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 30, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,500
Interest Rate
7.05%

Purchase Details

Closed on
Dec 15, 2000
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$193,000 Northeast Title
$193,000 Northeast Title
$174,900 Northeast Title Company
$91,000 Ne Title
$70,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $194,949
Closed $194,949
Previous Owner $91,000
Previous Owner $66,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/08/2025 01/08/25 Sold $193,000 +1.6% $143 / Sq Ft
11/26/2024 11/26/24 Pending -- -- --
09/30/2024 09/30/24 For Sale $190,000 +8.6% $140 / Sq Ft
01/16/2024 01/16/24 Sold $174,900 0.0% $129 / Sq Ft View Prior Sale
12/11/2023 12/11/23 Pending -- -- --
12/06/2023 12/06/23 For Sale $174,900 -- $129 / Sq Ft
Source: Range Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,738 $154,800 $10,100 $144,700
2023 $2,132 $146,500 $9,700 $136,800
2022 $1,414 $139,100 $9,200 $129,900
2021 $1,342 $116,700 $8,400 $108,300
2020 $1,198 $104,300 $8,400 $95,900
2019 $1,136 $104,300 $8,400 $95,900
2018 $874 $102,900 $8,400 $94,500
2017 $924 $90,000 $7,400 $82,600
2016 $1,026 $87,100 $6,800 $80,300
2015 $941 $61,000 $5,100 $55,900
2014 $941 $61,600 $5,100 $56,500
Source: Public Records

Agents Affiliated with this Home

  • Julian Rasmusson

    Seller's Agent in 2025

    Julian Rasmusson

    z' Up North Realty

    (651) 270-8911

    98 Total Sales

    Julian Rasmusson
    Section Image
  • Jodi Nyman

    Seller Co-Listing Agent in 2025

    Jodi Nyman

    z' Up North Realty

    (218) 343-1654

    43 Total Sales

    Jodi Nyman
    Section Image

  • M

    Buyer's Agent in 2025

    Member Non

    NON-MEMBER

  • R

    Seller's Agent in 2024

    Ryan Belt

    Iron Country Realty

    (218) 254-7101

    39 Total Sales

    Ryan Belt
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 147538

Range Association of REALTORS®

APN: 030020001910

Minnesota St Louis County Ely 55731

1127 E Madison St, Ely, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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