NOT LISTED FOR SALE

344 E Chapman St Ely, MN 55731

Estimated Value: $156,000 - $211,000

6 Beds
2 Baths
-- Sq Ft
6,273 Sq Ft Lot

Last Sold July 28, 2017

Last sale price $87,650

Est. 114% increase in value since last sale

Current estimated payment $1,207/month

83 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • 2 Car Detached Garage
  • Memorial High School Rated 9+
  • Corner Lot
  • 5-minute walk to Whiteside Park

About This Home

As of July 2017

This duplex is located in an excellent central location. The property is currently used as an investment property, but could easily be converted back into a single-family home. Main floor apartment features an open layout with beautiful woodwork. The upper level is bright & sunny with an updated bathroom and generous space. Updated plumbing, wiring, paint, roof and gorgeous refinished hardwood flooring. 2 car garage. Excellent opportunity in the heart of Ely.

Last Agent to Sell the Property

Kate Davies

Bear Island Realty LLC Listed on: 03/10/2017

Last Buyer's Agent

Jim Burke

Keller Williams Classic Realty NW

Keller Williams Classic Realty NW

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,124

Lot Details

  • Lot Dimensions are 50 x 125
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Poured Concrete
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Slate

Interior Spaces

  • 2-Story Property
  • Woodwork
  • Wood Flooring
  • City Lights Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Heating System Uses Oil
  • Electric Water Heater
  • Internet Available
  • Phone Available

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for internet service, cable TV
  • Assessor Parcel Number 030-0370-01960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,124

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Directions: In Ely, take Sheridan Street to 4th Avenue. Turn south and follow to Chapman Street. Property is on the southeast corner.
  • L O1 Office Phone1 Number: 218-365-2800
  • Tax Year: 2016
  • View Type:Pond View: City Lights
  • Lot Description Waterfront: No
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • Garage Type: Detached
  • Heat: Forced Air, Oil
  • Parking Number Garage Spaces: 2
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 6
  • MediaType: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Unfinished
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 2

Exterior Features

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

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Sewer: City
  • Water: City

Association/Amenities

  • AmenitiesOtherAmenities1: Internet Service, Hardwood Floors, Natural Woodwork
  • Association Fees Include:Amenities2: Internet Service, Hardwood Floors, Natural Woodwork

Schools

  • Junior High Dist: Ely #696

Lot Info

  • Estimated Lot Dimensions: 50 x 125
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Corner Lot, Telephone
  • Parcel Number: 030-0370-01960

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Internet Service, Cable TV

Tax Info

  • Tax Amount: 2124

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2022
Sold by
Skala Jennifer
Bought by
Skala Matthew
Current Estimated Value
$187,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,609
Outstanding Balance
$125,403
Interest Rate
6.7%
Mortgage Type
FHA
Estimated Equity
$62,300

Purchase Details

Listed on
Mar 10, 2017
Closed on
Jul 28, 2017
Sold by
Phelps Thomas F and Phelps Marilyn Derden
Bought by
Skala Jennifer
Seller's Agent
Kate Davies
Bear Island Realty LLC
Buyer's Agent
Jim Burke
Keller Williams Classic Realty NW
List Price
$95,000
Sold Price
$87,650
Premium/Discount to List
-$7,350
-7.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$85,978
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 26, 2011
Sold by
Press Colleen M
Bought by
Phelps Thomas F and Phelps Marilyn Derden

Purchase Details

Closed on
Feb 24, 2003
Sold by
Plath Wesley H and Plath Diane L
Bought by
Press Colleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,550
Interest Rate
6%
Mortgage Type
Commercial
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
Skala Matthew $132,000 Northeast Title
Skala Jennifer $87,651 Northeast Title Company
Phelps Thomas F $92,500 Ne Title
Press Colleen M $59,500 Northeast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Skala Matthew $129,609
Previous Owner Skala Jennifer $85,978
Previous Owner Press Colleen M $53,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/28/2017 07/28/17 Sold $87,650 -7.7% --
06/01/2017 06/01/17 Pending -- -- --
03/10/2017 03/10/17 For Sale $95,000 -- --
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 $2,642 $154,900 $9,400 $145,500
2023 $2,642 $146,700 $9,100 $137,600
2022 $1,156 $120,200 $8,700 $111,500
2021 $1,090 $100,900 $7,900 $93,000
2020 $960 $90,300 $7,900 $82,400
2019 $896 $90,300 $7,900 $82,400
2018 $842 $88,800 $7,900 $80,900
2017 $2,066 $86,400 $7,800 $78,600
2016 $2,124 $83,500 $7,100 $76,400
2015 $2,044 $86,500 $7,900 $78,600
2014 $2,044 $86,500 $7,900 $78,600
Source: Public Records

Agents Affiliated with this Home

  • Kate Davies

    Seller's Agent in 2017

    Kate Davies

    Bear Island Realty LLC

    (218) 343-9173

    48 in this area

    168 Total Sales

    Kate Davies
    Section Image

  • J

    Buyer's Agent in 2017

    Jim Burke

    Keller Williams Classic Realty NW

    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6027393

APN: 030037001960

Minnesota St Louis County Ely 55731

344 E Chapman St, Ely, MN

Not Listed for Sale

MultiFamily

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