NOT LISTED FOR SALE

240 N 5th Ave E Ely, MN 55731

Estimated Value: $118,000 - $150,022

2 Beds
1 Bath
1,030 Sq Ft
$129/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $72,000 $70 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $847/month

254 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • Wood Frame Window
  • Memorial High School Rated 9+
  • Main Floor Primary Bedroom
  • 1 Car Detached Garage

About This Home

As of September 2018

Smartly updated 2 BR/1BA cottage home. Featuring a renovated kitchen with newer cabinets, counter tops, counter seating and flooring; and a bright and open living and sitting room. The whole house benefits from a cozy wood stove central to this area. An attractive sliding barn-style door welcomes you to the main floor master bedroom and a newly remodeled 3/4 bath is adjacent to the master. Beautiful color choices on recently painted walls, new laminate flooring and carpet give this home a fresh feel. A bright 3 season porch provides a wonderful oasis any time of day. Efficiency has been gained in this charming home with updated upper level insulation, all new plumbing, electrical updates and many new windows. A well conceived design makes the home easy to winterize if seasonal use is intended. The property also has a one stall garage with ample storage above. Located in the heart of Ely and within walking distance to most everything, the home is nestled in a wooded lot .

Last Agent to Sell the Property

Trish Bulinski

Bear Island Realty LLC Listed on: 12/05/2017

Last Buyer's Agent

John Forcier

Wildwoods Land Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $818

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 100 x 97
  • Partially Fenced Property
  • Level Lot
  • Landscaped with Trees

Home Design

  • Bungalow
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Cement Board or Planked

Interior Spaces

  • 1,030 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Wood Burning Fireplace
  • Wood Frame Window
  • Living Room
  • Combination Kitchen and Dining Room
  • City Lights Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Finished Basement Bathroom

Parking

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

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Electric Water Heater
  • Fuel Tank
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 030-0285-00410

Home Details

Home Type

Single Family

Est. Annual Taxes

$818

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: In Ely, take Sheridan Street to 5th Avenue. Turn north and follow to Camp Street. Cross Camp Street and it is the second property on the east side of 5th Avenue.
  • L O1 Office Phone1 Number: 218-365-2800
  • PropAdjoinsPublicLand: No
  • Road Maintenance: See Remarks
  • Property Sub-Type: SF/Detached
  • Tax Year: 2017
  • View Type:Pond View: City Lights
  • Lot Description Waterfront: No
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen, Hardwood Floors, Natural Woodwork, Tiled Floors, Washer Hook-Ups
  • Amenities Exterior: Fenced Yard - Partial, Porch
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1030
  • Garage Type: Detached
  • Heat: Forced Air, Wood, Oil
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1900
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Upper
  • RoomLevel6: Main
  • Property Style: Bungalow
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Appliances: Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Features: Unfinished, Bath
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom 1 Level: main
  • Bathroom Description: 3/4 Main Floor
  • Formal Dining: Breakfast Bar, Combine with Kitchen, Eat-In Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 2 Story
  • Room 6: 3 Season Porch
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1030
  • Exercise Room Level2: Main

Exterior Features

  • Road Frontage: City, Paved
  • Construction Status: Previously Owned
  • Exterior: Cement Board
  • Window Features:Insulated Windows: Wood Frame

Garage/Parking

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

Utilities

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

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 100 x 97
  • Estimated Number of Acres: 0.22
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Landscaped, Tree Coverage - Medium, Telephone, Level, Other
  • Parcel Number: 030-0285-00410

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 818

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2017
Closed on
Sep 28, 2018
Sold by
Zupancich Michelle D
Bought by
Mollin King Aaron and King Howard L
Seller's Agent
Trish Bulinski
Bear Island Realty LLC
Buyer's Agent
John Forcier
Wildwoods Land Company
List Price
$72,000
Sold Price
$72,000
Current Estimated Value
$133,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,006
Avg. Annual Appreciation
8.83%
Original Mortgage
$68,400
Outstanding Balance
$59,526
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$73,480

Purchase Details

Listed on
Sep 23, 2014
Closed on
Oct 30, 2014
Sold by
Stouffer Rebecca
Bought by
Zupancich Michelle D
Seller's Agent
Lori Schulze
Wildwoods Land Company
Buyer's Agent
Lori Schulze
Wildwoods Land Company
List Price
$49,000
Sold Price
$43,000
Premium/Discount to List
-$6,000
-12.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.05%
Original Mortgage
$34,400
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 23, 2014
Closed on
Sep 18, 2014
Sold by
Martin Jennifer Ann and Estate Of James Dale Hout Vick
Bought by
Stouffer Rebecca
Seller's Agent
Lori Schulze
Wildwoods Land Company
Buyer's Agent
Lori Schulze
Wildwoods Land Company
List Price
$49,000
Sold Price
$43,000
Premium/Discount to List
-$6,000
-12.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,400
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2006
Sold by
Sainio Chris A and Vidal Sainio Lisa M
Bought by
Stouffer Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,100
Interest Rate
6.39%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 22, 2002
Sold by
Sainio Gary and Sainio Dianna M
Bought by
Sainio Chris A and Vidal Sainio Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.03%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mollin King Aaron $72,000 Northeast Title Company
Zupancich Michelle D $43,000 Northeast Title Company
Stouffer Rebecca -- None Available
Stouffer Rebecca $60,000 Northeast Title Company
Sainio Chris A -- Ati Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mollin King Aaron $68,400
Previous Owner Zupancich Michelle D $34,400
Previous Owner Stouffer Rebecca $61,100
Previous Owner Sainio Chris A $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/28/2018 09/28/18 Sold $72,000 0.0% $70 / Sq Ft
08/16/2018 08/16/18 Pending -- -- --
12/05/2017 12/05/17 For Sale $72,000 +67.4% $70 / Sq Ft
10/30/2014 10/30/14 Sold $43,000 -12.2% $51 / Sq Ft View Prior Sale
10/10/2014 10/10/14 Pending -- -- --
09/23/2014 09/23/14 For Sale $49,000 -26.9% $58 / Sq Ft
11/04/2013 11/04/13 Sold $67,000 0.0% $79 / Sq Ft View Prior Sale
10/16/2013 10/16/13 Pending -- -- --
07/19/2013 07/19/13 For Sale $67,000 -- $79 / 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 $1,796 $103,600 $12,300 $91,300
2023 $1,796 $98,200 $11,900 $86,300
2022 $1,532 $92,700 $11,300 $81,400
2021 $1,538 $78,100 $10,300 $67,800
2020 $1,396 $70,300 $10,300 $60,000
2019 $1,342 $70,300 $10,300 $60,000
2018 $868 $69,400 $10,300 $59,100
2017 $878 $43,900 $13,400 $30,500
2016 $278 $41,800 $12,200 $29,600
2015 $266 $26,400 $8,100 $18,300
2014 $266 $26,400 $8,100 $18,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Trish Bulinski

    Bear Island Realty LLC

    (218) 349-5595

    46 in this area

    135 Total Sales

    Trish Bulinski
    Section Image

  • J

    Buyer's Agent in 2018

    John Forcier

    Wildwoods Land Company

  • L

    Seller's Agent in 2014

    Lori Schulze

    Wildwoods Land Company

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6032505

APN: 030028500410

Minnesota St Louis County Ely 55731

240 N 5th Ave E, Ely, MN

Not Listed for Sale

Detached

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