NOT LISTED FOR SALE

127 E White St Ely, MN 55731

Ely Area
6 Beds
3 Baths
2,900 Sq Ft
1940 Built

Sale Details

Date Sold: August 1, 2016

Last sale price $82,500 $28 Per Sq Ft

About This Home

As of August 2016

Desirable duplex has had extensive remodeling including complete new wiring, windows, doors, roof & almost all of the plumbing. Each unit has 2BR/1BA and it's own electrical, water meter & furnace. Hardwood floors are in the home with some covered by new carpet. There is a large back porch for each unit & a big side yard. A Cute 2 bedroom Rental home sits on the back of same lot. All 3 units together currently gross over $14,000 per year.

Last Agent to Sell the Property

Mark Larson

Wildwoods Land Company License #40037736 Listed on: 05/27/2016

Last Buyer's Agent

Member Non

NON-MEMBER

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Home Design

  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 2,900 Sq Ft Home
  • Basement Fills Entire Space Under The House

Additional Features

  • Deck
  • Lot Dimensions are 60 x 125

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,200
  • Gross Income $14,400
  • Net Operating Income $9,862

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Real Estate Tax: 2148
  • Year Built: 1940
  • Lot Size Length: 60
  • Lot Size Width: 125
  • Insurance Expenses: 1200
  • Net Income: 9862
  • Projected Income: 14400
  • Rent: Negotiable
  • Repairs Maint Expenses: 1200
  • Total Expense: 4538
  • Total Income: 14400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 2900
  • Basement: Full

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt
  • Outside Features: Deck

Garage/Parking

  • Parking: Parking Area, On Street Parking

Utilities

  • Utilities: City Sewer, City Water
  • Heating: Forced Air

Fee Information

  • Rent Income: 14400

Lot Info

  • Zoning: Res1

Rental Info

  • Actual Income: 9862

Multi Family

  • Number Of Units: 3

Tax Info

  • Taxes: 2138

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
May 27, 2016
Closed on
Aug 1, 2016
Sold by
Bought by
Seller's Agent
Mark Larson
Wildwoods Land Company
Buyer's Agent
Member Non
NON-MEMBER
Sold Price
$82,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,200
Outstanding Balance
$52,403
Interest Rate
3.54%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2005
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
$83,000
Interest Rate
5.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 14, 2004
Sold by
Bought by

Purchase Details

Closed on
Jul 8, 2003
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Ely, MN

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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
$82,500 Northeast Title Company
$56,500 Northeast Title Company
$41,000 Canoe Country Title
-- --
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 $67,200
Previous Owner $83,000
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
08/01/2016 08/01/16 Sold $82,500 -- $28 / Sq Ft
05/27/2016 05/27/16 Pending -- -- --
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 $3,048 $140,500 $10,800 $129,700
2023 $2,944 $132,900 $10,400 $122,500
2022 $2,658 $125,200 $9,900 $115,300
2021 $2,470 $105,100 $9,000 $96,100
2020 $2,246 $94,100 $9,000 $85,100
2019 $2,164 $94,100 $9,000 $85,100
2018 $2,094 $92,700 $9,000 $83,700
2017 $2,152 $90,100 $8,900 $81,200
2016 $2,208 $87,100 $8,100 $79,000
2015 $2,130 $90,200 $9,000 $81,200
2014 $2,130 $90,200 $9,000 $81,200
Source: Public Records

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Map

Source: Range Association of REALTORS®

MLS Number: 126757

Range Association of REALTORS®
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