NOT LISTED FOR SALE

240 E Chapman St Ely, MN 55731

Estimated Value: $139,000 - $199,000

4 Beds
2 Baths
1,786 Sq Ft
$96/Sq Ft Est. Value

Last Sold November 20, 2017

Last sale price $43,000 $24 Per Sq Ft

Est. 299% increase in value since last sale

Current estimated payment $1,062/month

118 Days on Market

Highlights

  • City Lights View
  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Memorial High School Rated 9+
  • Wood Flooring
  • Finished Attic

About This Home

As of November 2017

A traditional 4 bedroom home with hardwood flooring. The location could not be better, just across from the City Hall and next door to Ely's Public Library. There is a nice enclosed front entry with closet and an open air back porch with privacy. This home has a partial basement with laundry hook-ups. A small one car garage and off street parking in back. . With some TLC this solid home would be great for the first time home buyer as it is priced right for those looking to benefit from their sweat equity. Would make a wonderful rental income property with four bedrooms

Last Agent to Sell the Property

Jerry Fink

Canoe Capital Realty, LLC Listed on: 06/30/2017

Last Buyer's Agent

Wendy Johnson

Keller Williams Classic Realty NW - Ely

Keller Williams Classic Realty NW - Ely

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $396

Year Built

  • Built in 1941

Lot Details

  • 3,049 Sq Ft Lot
  • Lot Dimensions are 25 x 125
  • Kennel
  • Landscaped
  • Level Lot

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Composition Shingle

Interior Spaces

  • Multi-Level Property
  • Woodwork
  • Wood Frame Window
  • Window Screens
  • Combination Dining and Living Room
  • Wood Flooring
  • City Lights Views
  • Unfinished Basement
  • Partial Basement
  • Finished Attic
  • Range
  • Washer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level

Parking

  • 1 Car Detached Garage
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Fuel Tank
  • Phone Available

Community Details

  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 030-0010-02030

Home Details

Home Type

Single Family

Est. Annual Taxes

$396

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: 240 East Chapman
  • L O1 Office Phone1 Number: 218-365-8689
  • PropAdjoinsPublicLand: Yes
  • Road Maintenance: See Remarks
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: City Lights
  • Lot Description Waterfront: No
  • Air Conditioner: None
  • Reso Association Amenities: Hardwood Floors, Natural Woodwork, Washer Hook-Ups
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1186
  • Below Grade Finished Sq Ft: 600
  • Garage Type: Detached
  • Heat: Forced Air, Oil
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Master Bedroom
  • TotalBedrooms: 4
  • Year Built: 1941
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Upper
  • RoomLevel7: Main
  • RoomLevel8: Upper
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Range/Stove, Refrigerator
  • Basement Features: Unfinished
  • Basement Material: Poured Concrete
  • Basement Style: Partial
  • Bathroom 1 Level: Main
  • Level 2 Three Quarter Bathrooms: Upper
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Living Room
  • Extra Rooms: Attic Rm-Finish, Enclosed Porch
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Bedroom
  • Room 7: Bathroom
  • Room 8: Bathroom
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1786
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Kennel
  • Road Frontage: City, Curb/Gutters, Paved, Sidewalk, Storm Sewer, Street Lights
  • Construction Status: Previously Owned
  • Exterior: Composition
  • Window Features:Insulated Windows: Screens, Wood Frame

Garage/Parking

  • Parking Driveway: Off Street, Street, Driveway - Gravel
  • Garage Capacity: 1

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 25 x 125
  • Estimated Number of Acres: 0.07
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped, Telephone, Level
  • Parcel Number: 030-0010-02030

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 396

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2020
Sold by
Erdmann Suzanne Marie
Bought by
Greenstone Llc
Current Estimated Value
$171,634

Purchase Details

Closed on
Sep 4, 2020
Sold by
J & K Rentals Llc
Bought by
Erdmann Suzanne

Purchase Details

Listed on
Jun 30, 2017
Closed on
Nov 16, 2017
Sold by
Caspers Mary Jane and Lovell Timothy W
Bought by
J&K Rentals Llc
Seller's Agent
Jerry Fink
Canoe Capital Realty, LLC
Buyer's Agent
Wendy Johnson
Keller Williams Classic Realty NW - Ely
List Price
$43,000
Sold Price
$43,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.64%

Purchase Details

Closed on
Mar 9, 2016
Sold by
Caspers Mary Jane and Caspers Marie Jeanne
Bought by
Caspers Mary Jane and Lovell Timothy W

Purchase Details

Closed on
Nov 1, 2004
Sold by
Turner George T and Turner Kathleen
Bought by
Caspers Paul U and Caspers Marie Jeanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
7%
Mortgage Type
Balloon
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
Greenstone Llc -- None Available
Erdmann Suzanne $124,900 First American Title
J&K Rentals Llc $43,000 Northeast Title Company
Caspers Mary Jane -- None Available
Caspers Paul U $75,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Caspers Paul U $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2017 11/20/17 Sold $43,000 0.0% $24 / Sq Ft
10/26/2017 10/26/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $43,000 -- $24 / 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 $1,918 $111,000 $10,300 $100,700
2023 $1,918 $105,200 $10,000 $95,200
2022 $1,152 $68,700 $4,100 $64,600
2021 $1,150 $57,600 $3,800 $53,800
2020 $1,040 $51,500 $3,800 $47,700
2019 $998 $51,500 $3,800 $47,700
2018 $382 $50,700 $3,800 $46,900
2017 $396 $54,300 $8,500 $45,800
2016 $410 $52,300 $7,800 $44,500
2015 $388 $32,600 $5,200 $27,400
2014 $388 $32,600 $5,200 $27,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6030063

APN: 030001002030