NOT LISTED FOR SALE

218 N 1st Ave E Ely, MN 55731

Estimated Value: $107,000 - $236,000

3 Beds
1.5 Baths
1,636 Sq Ft
$98/Sq Ft Est. Value

Last Sold September 12, 2024

Last sale price $90,000 $55 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,027/month

4 Days on Market

Highlights

  • City Lights View
  • Traditional Architecture
  • Corner Lot
  • Memorial High School Rated 9+
  • Bonus Room
  • No HOA

About This Home

As of September 2024

This home boost great possibilities as a fixer upper with much room to work with. Great location with easy walking distance to downtown Ely and Trezona Trail. The main floor has a large living area, front and back porch entry. Front foyer that leads upstairs. Nice size bedrooms. Dining and kitchen area have a great view of the back yard with mature trees accenting the yard space.

Last Agent to Sell the Property

Lori Schulze

Keller Williams Classic Realty NW - Ely Listed on: 08/09/2024

Keller Williams Classic Realty NW - Ely

Last Buyer's Agent

Anna Yahnke

Bear Island Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,917

Year Built

  • Built in 1920

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 52x122
  • Corner Lot
  • Level Lot
  • Landscaped with Trees

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,636 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Living Room
  • Combination Kitchen and Dining Room
  • Den
  • Bonus Room
  • City Lights Views
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 030-0280-00080

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,917

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Follow Camp St to 1st Ave Sign in Yard
  • L O1 Office Phone1 Number: 763-463-7500
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • View Type:Pond View: City Lights
  • Lot Description Waterfront: No
  • Reso Association Amenities: Foyer Entry
  • Half Bathrooms: 1
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1636
  • Garage Type: None
  • Heat: Forced Air, Propane
  • MainFloorBath: Yes
  • Reso Roof: Asphalt Shingles
  • Room 10: Bathroom
  • Room 11: Bathroom
  • Room 12: Den/Office
  • Bedroom 3: Dining Room
  • TotalBedrooms: 3
  • Year Built: 1920
  • Level 1 Bedroom: Main
  • RoomLevel10: Upper
  • RoomLevel11: Main
  • RoomLevel12: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Main
  • RoomLevel7: Upper
  • RoomLevel8: Upper
  • RoomLevel9: Upper
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Range/Stove
  • Basement Features: Unfinished
  • Basement Material: Concrete Block, Poured Concrete, Rock
  • Basement Style: Full
  • Bathroom Description: 1/2 Main Floor, Full Upper
  • Formal Dining: Combine with Kitchen
  • Extra Rooms: Enclosed Porch, Foyer, Entry, Bonus Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Porch
  • Bedroom 5: Foyer
  • Stories: 2 Story
  • Room 6: Porch
  • Room 7: Bedroom
  • Room 8: Bedroom
  • Room 9: Bedroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1636
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: City
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

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

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 52x122
  • Estimated Number of Acres: 0.15
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Corner Lot, Tree Coverage - Medium, Level
  • Parcel Number: 030-0280-00080

Tax Info

  • Tax Amount: 1917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2024
Closed on
Sep 12, 2024
Sold by
Serson Judith
Bought by
Knudson Cherish and Knudson Patrick
Seller's Agent
Lori Schulze
Keller Williams Classic Realty NW - Ely
Buyer's Agent
Anna Yahnke
Bear Island Realty LLC
List Price
$89,000
Sold Price
$90,000
Premium/Discount to List
$1,000
1.12%
Views
7
Current Estimated Value
$160,386

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,386
Avg. Annual Appreciation
57.05%
Original Mortgage
$72,000
Outstanding Balance
$71,230
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$89,156
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Knudson Cherish $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Knudson Cherish $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2024 09/12/24 Sold $90,000 +1.1% $55 / Sq Ft
08/09/2024 08/09/24 For Sale $89,000 -- $54 / 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 $2,212 $128,800 $9,100 $119,700
2023 $2,212 $122,000 $8,800 $113,200
2022 $2,002 $101,000 $8,300 $92,700
2021 $1,570 $84,800 $7,600 $77,200
2020 $1,502 $76,000 $7,600 $68,400
2019 $1,446 $76,000 $7,600 $68,400
2018 $1,448 $75,000 $7,600 $67,400
2017 $1,484 $75,400 $7,700 $67,700
2016 $1,524 $72,800 $7,000 $65,800
2015 $1,469 $75,500 $7,800 $67,700
2014 $1,469 $75,500 $7,800 $67,700
Source: Public Records

Agents Affiliated with this Home

  • Lori Schulze

    Seller's Agent in 2024

    Lori Schulze

    Keller Williams Classic Realty NW - Ely

    (218) 343-1787

    50 in this area

    125 Total Sales

    Lori Schulze
    Section Image
  • Anna Yahnke

    Buyer's Agent in 2024

    Anna Yahnke

    Bear Island Realty LLC

    (218) 235-3547

    47 in this area

    177 Total Sales

    Anna Yahnke
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6115412

APN: 030028000080

Minnesota St Louis County Ely 55731

218 N 1st Ave E, Ely, MN

Not Listed for Sale

Detached

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