NOT LISTED FOR SALE

1438 Highway 120 Ely, MN 55731

Estimated Value: $315,976 - $423,000

3 Beds
1 Bath
2,496 Sq Ft
$140/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $275,000 $110 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,995/month

8 Days on Market

Highlights

  • Panoramic View
  • Deck
  • No HOA
  • Memorial High School Rated 9+
  • Ranch Style House
  • Wood Frame Window

About This Home

As of July 2022

One great 3BR country home has 5.52 acres of land with huge pines and is located just 7 miles south of Ely on a paved road. Home has been renovated w/ quality materials and workmanship. New Steel siding installed in 2020. The open LR/DR/KI area has laminate flooring throughout, new drywall, large windows giving great views of the front and back yard. The kitchen is beautiful and has a great deal of cabinet space, a pantry/cupboard and island/bar. There is a new free-standing propane stove in the living room. The remodeled full bath has ceramic flooring and tub surround. The three BRs all have spacious, walk-in closets. The full, block walk-out basement has a wood stove in addition to the furnace, laundry facilities and plenty of space for storage or to finish to your liking. New front and back decks. The detached 2 car garage has a large heated shop. There is a chicken coop, fenced garden area & large back yard. A great opportunity to live in the country just minutes from Ely! Compliant septic system.

Last Agent to Sell the Property

Jerry Fink

Canoe Capital Realty, LLC Listed on: 06/07/2022

Last Buyer's Agent

Janet Erchul

Ely Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,198

Year Built

  • Built in 1970

Lot Details

  • 5.52 Acre Lot
  • Lot Dimensions are 600 x 400
  • Property fronts a county road
  • Poultry Coop
  • Partially Fenced Property
  • Landscaped
  • Level Lot

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Fire Rated Drywall
  • Asphalt Shingled Roof
  • Steel Siding
  • Modular or Manufactured Materials

Interior Spaces

  • Woodwork
  • Free Standing Fireplace
  • Double Pane Windows
  • Wood Frame Window
  • Living Room
  • Dining Room
  • Tile Flooring
  • Panoramic Views
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 1 Full Bathroom

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Recreation or Family Area in Basement

Parking

  • 2 Car Detached Garage
  • Heated Garage
  • Insulated Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Dug Well
  • Mound Septic
  • Private Sewer
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 465-0010-05012

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,198

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: South of Ely, Minnesota on Minnesota State Highway 1, 6 miles to right on St Louis County 120, 2.5 miles to 1438 Hwy 120 on left.
  • InternetOptions: DSL, Satellite
  • L O1 Office Phone1 Number: 218-365-8689
  • Remodeled Addition: No
  • Road Maintenance: Public
  • Property Sub-Type: SF/Detached
  • Tax Year: 2022
  • Twp Number: 62
  • View Type:Pond View: Panoramic
  • Lot Description Waterfront: No
  • Reso Association Amenities: Eat-In Kitchen, Garage Door Opener, Kitchen Center Island, Natural Woodwork, Tiled Floors, Walk-In Closet, Cable TV, Drywalls, Dryer Hook-Ups, Washer Hook-Ups
  • Amenities Exterior: Deck, Fenced Yard - Partial
  • Mfg And Park Info Construction Type: Manufactured (Post-6/'76)
  • FinFootageAboveGrade: 1248
  • Below Grade Finished Sq Ft: 1248
  • Garage Type: Detached
  • Heat: Forced Air, Propane
  • Fireplaces: 1
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Dining Room
  • TotalBedrooms: 3
  • Year Built: 1970
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Features: Partially Finished, Walkout, Family/Rec Room
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Free Standing
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Bathroom
  • Total Bathrooms: 1
  • Total Fin Square Footage: 2496
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Chicken Coop
  • Road Frontage: County, Paved
  • Construction Status: Previously Owned
  • Exterior: Steel
  • Window Features:Insulated Windows: Double Glazed, Wood Frame

Garage/Parking

  • Parking Driveway: Driveway - Gravel, Off Street
  • Garage Features: Electrical Service, Heat, Insulation
  • Garage Capacity: 2
  • ParkingFeaturesGarageDimensions: 28 x 40

Utilities

  • Power Company: Lake Country Power
  • Sewer: Mound, Private
  • Water: Dug

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 600 x 400
  • Estimated Number of Acres: 5.52
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped, Level
  • Parcel Number: 465-0010-05012

Tax Info

  • Tax Amount: 1198

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2022
Closed on
Jul 29, 2022
Sold by
Hubbard Joshua M and Hubbard Elizabeth A
Bought by
Edgington Mark Joseph and Edgington Susan Lynn
Seller's Agent
Jerry Fink
Canoe Capital Realty, LLC
Buyer's Agent
Janet Erchul
Ely Realty
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$348,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,244
Avg. Annual Appreciation
7.54%

Purchase Details

Listed on
Apr 28, 2014
Closed on
Jun 27, 2014
Sold by
Cochran Steven and Selmer Nicole
Bought by
Hubbard Joshua M and Hubbard Elizabeth A
Seller's Agent
Janet Erchul
Bear Island Land Co., Inc
Buyer's Agent
Jerry Fink
Canoe Capital Realty, LLC
List Price
$139,000
Sold Price
$128,000
Premium/Discount to List
-$11,000
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%
Original Mortgage
$121,600
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2003
Sold by
Herbranson Wade and Herbranson Paula
Bought by
Cochran Steven and Selmer Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,337
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Edgington Mark Joseph $275,000 Northeast Title Company
Hubbard Joshua M $128,000 Northeast Title Company
Cochran Steven $118,251 Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hubbard Joshua M $121,600
Previous Owner Cochran Steven $112,337
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/29/2022 07/29/22 Sold $275,000 0.0% $110 / Sq Ft
06/15/2022 06/15/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $275,000 +114.8% $110 / Sq Ft
06/27/2014 06/27/14 Sold $128,000 -7.9% $103 / Sq Ft View Prior Sale
05/15/2014 05/15/14 Pending -- -- --
04/28/2014 04/28/14 For Sale $139,000 -- $111 / 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
2024 $2,062 $282,300 $51,000 $231,300
2023 $2,062 $228,500 $46,400 $182,100
2022 $1,198 $168,100 $42,100 $126,000
2021 $1,226 $145,300 $35,700 $109,600
2020 $1,110 $138,900 $35,700 $103,200
2019 $944 $138,900 $35,700 $103,200
2018 $936 $128,400 $38,700 $89,700
2017 $828 $128,400 $38,700 $89,700
2016 $808 $118,500 $37,300 $81,200
2015 $759 $87,000 $28,500 $58,500
2014 $759 $87,000 $28,500 $58,500
Source: Public Records

Agents Affiliated with this Home

  • Jerry Fink

    Seller's Agent in 2022

    Jerry Fink

    Canoe Capital Realty, LLC

    (218) 343-1318

    52 Total Sales

    Jerry Fink
    Section Image
  • Janet Erchul

    Buyer's Agent in 2022

    Janet Erchul

    Ely Realty

    (218) 365-2100

    65 Total Sales

    Janet Erchul
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6103327

APN: 465001005012

Minnesota St Louis County Ely 55731

1438 Highway 120, Ely, MN

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