Estimated payment $1,088/month
Highlights
- Vaulted Ceiling
- Ranch Style House
- Bonus Room
- Memorial High School Rated 9+
- 2 Fireplaces
- No HOA
About This Home
Ely, MN – Romberg Acres Opportunity! Bring your vision and tools to this spacious 3+ bedroom, 3 bathroom ranch-style home in the highly sought-after Romberg Acres neighborhood of Ely. Built in 1994, this property offers over 3,000 sq ft of finished living space on a beautiful 1.38-acre lot with towering white pines. Though in need of updating and repairs, the home provides a fantastic layout and lots of space. Enter through the attached garage into the lower level, where you’ll find a large family room with fireplace and a generous wet bar, bonus rooms, and a full bathroom. Upstairs, the main floor features an open floor plan with a vaulted-ceiling living room and propane fireplace, a primary suite with attached bath, another full bath, additional bedrooms, and main floor laundry for convenience. The elevated setting on a wooded hill provides a sense of privacy while keeping you close to town conveniences. With its desirable location, generous square footage, and attractive lot, this property represents a rare chance to build equity and create your dream home. Priced significantly below the tax-assessed value—don’t miss out on this investment opportunity in Ely’s Romberg Acres!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,835
Year Built
- Built in 1994
Lot Details
- 1.38 Acre Lot
- Lot Dimensions are 200 x 300
- Many Trees
Home Design
- Ranch Style House
- Concrete Foundation
- Fire Rated Drywall
- Wood Frame Construction
- Asphalt Shingled Roof
- Steel Siding
Interior Spaces
- Wet Bar
- Paneling
- Vaulted Ceiling
- Ceiling Fan
- 2 Fireplaces
- Gas Fireplace
- Family Room
- Living Room
- Dining Room
- Den
- Bonus Room
- Lower Floor Utility Room
- Laundry on main level
- Utility Room
Bedrooms and Bathrooms
- 3 Bedrooms
- Bathroom on Main Level
- 3 Full Bathrooms
- Bathtub With Separate Shower Stall
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Fireplace in Basement
- Bedroom in Basement
- Recreation or Family Area in Basement
- Finished Basement Bathroom
Parking
- 2 Car Attached Garage
- Driveway
Utilities
- Central Air
- Boiler Heating System
- Heating System Uses Propane
- Private Water Source
- Drilled Well
- Private Sewer
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 465-0235-00250
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,920 | $268,500 | $32,600 | $235,900 |
| 2023 | $1,920 | $282,600 | $30,300 | $252,300 |
| 2022 | $2,338 | $250,900 | $29,300 | $221,600 |
| 2021 | $2,170 | $229,200 | $27,300 | $201,900 |
| 2020 | $1,990 | $211,500 | $27,300 | $184,200 |
| 2019 | $1,762 | $211,500 | $27,300 | $184,200 |
| 2018 | $1,746 | $197,400 | $26,800 | $170,600 |
| 2017 | $1,560 | $197,400 | $26,800 | $170,600 |
| 2016 | $1,528 | $180,200 | $25,900 | $154,300 |
| 2015 | $1,502 | $170,400 | $32,400 | $138,000 |
| 2014 | $1,502 | $156,300 | $19,600 | $136,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/10/2025 10/10/25 | Price Changed | $179,000 | -10.1% | $59 / Sq Ft |
| 09/11/2025 09/11/25 | For Sale | $199,000 | -- | $65 / Sq Ft |
Source: Lake Superior Area REALTORS®
MLS Number: 6121885
APN: 465023500250
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