Greg Hoffman
Edina Realty, Inc.
(218) 748-1151
152 Total Sales
4 in Ely
$27K - $120K Price Range
2
Beds
1
Bath
11,023
Sq Ft
0.46
Acre Lot
Highlights
- Multiple Garages
- 0.46 Acre Lot
- Corner Lot
- Memorial High School Rated 9+
- Wood Flooring
- No HOA
About This Home
As of December 2022Multi unit rental bldgs in Ely. Great long term / strong rental history. Seven garage spaces available, large 125x162 lot. Six apartment units with two floors have approximately 1152 sq ft each (not including the basement) and the home unit that is a ranch style home features 759 sqt ft (not including the basement). All units feature two large bedrooms, spacious living room, eat in kitchen, some with breakfast bars or islands. Updates included fresh paint, flooring, private basements with own laundry facilities, blinds, hardwood floors, an appliances. Two units have propane gas and the others have forced air fuel oil. Convenient location in Ely you not only have potential for rent increases, but you could live in the ranch home as well. Well maintained and lovingly cared. With the high demand of rental units, here's one to take a serious look at with minimal work required due to the excellent maintenance these units have had.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,621
Year Built
- Built in 1930
Lot Details
- 20,038 Sq Ft Lot
- Lot Dimensions are 125x162
- Corner Lot
Parking
- 7 Car Detached Garage
- Multiple Garages
Home Design
- Concrete Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
- Cement Board or Planked
Interior Spaces
- 2-Story Property
- Woodwork
- Lower Floor Utility Room
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Eat-In Kitchen
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Bathroom
Laundry
- Dryer
- Washer
Outdoor Features
- Patio
Utilities
- Forced Air Heating System
- Heating System Uses Oil
- Heating System Uses Propane
Community Details
- No Home Owners Association
- 7 Units
Listing and Financial Details
- Tenant pays for internet service, cable TV, electric, trash, water, fuel, sewer
- Assessor Parcel Number 030-0050-02340
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 1, 2022
Closed on
Dec 15, 2022
Sold by
Bought by
Seller's Agent
Andrea Zupancich
Z' Up North Realty
Buyer's Agent
Joseph Tome
Grand Properties
List Price
$429,000
Sold Price
$345,000
Premium/Discount to List
-$84,000
-19.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Outstanding Balance
$264,495
Interest Rate
6.61%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 4, 2007
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.3%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Ely, MN
-
Greg Hoffman
-
Jerry Fink
Jerry Fink
Canoe Capital Realty, LLC
(218) 626-6559
43 Total Sales
16 in Ely
$26K - $275K Price Range
-
Brina Guyer
Brina Guyer
MN DIRECT PROPERTIES
(218) 245-4331
139 Total Sales
1 in Ely
$100,000 Price
-
Riley Lind
Riley Lind
eXp Realty
(406) 412-4623
123 Total Sales
4 in Ely
$156K - $230K Price Range
-
Andrea Zupancich
Andrea Zupancich
Z'Up North Realty, Inc.
(218) 748-1345
407 Total Sales
116 in Ely
$18K - $675K Price Range
-
Julian Rasmusson
Julian Rasmusson
z' Up North Realty
(218) 413-2913
99 Total Sales
55 in Ely
$55K - $649K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $345,000 | Northeast Title Company | ||
| $75,000 | All Amer |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $93,700 | ||
| Open | $276,000 | ||
| Closed | $90,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/16/2022 12/16/22 | Sold | $345,000 | 0.0% | $31 / Sq Ft | |
| 12/16/2022 12/16/22 | Sold | $345,000 | -19.6% | $22 / Sq Ft | View Prior Sale |
| 11/11/2022 11/11/22 | Pending | -- | -- | -- | |
| 10/26/2022 10/26/22 | Pending | -- | -- | -- | |
| 09/02/2022 09/02/22 | For Sale | $429,000 | 0.0% | $28 / Sq Ft | |
| 09/01/2022 09/01/22 | For Sale | $429,000 | +24.3% | $39 / Sq Ft | |
| 05/30/2022 05/30/22 | Off Market | $345,000 | -- | -- | |
| 03/01/2022 03/01/22 | For Sale | $429,000 | +24.3% | $28 / Sq Ft | |
| 03/01/2022 03/01/22 | Off Market | $345,000 | -- | -- | |
| 08/12/2021 08/12/21 | For Sale | $429,000 | -- | $28 / Sq Ft |
Source: Lake Superior Area REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $7,458 | $337,600 | $22,200 | $315,400 |
| 2023 | $7,198 | $310,800 | $21,500 | $289,300 |
| 2022 | $3,868 | $189,100 | $20,000 | $169,100 |
| 2021 | $3,796 | $159,100 | $18,200 | $140,900 |
| 2020 | $3,442 | $142,800 | $18,200 | $124,600 |
| 2019 | $3,248 | $142,800 | $18,200 | $124,600 |
| 2018 | $3,122 | $137,000 | $18,200 | $118,800 |
| 2017 | $3,186 | $132,100 | $24,100 | $108,000 |
| 2016 | $3,274 | $126,800 | $22,000 | $104,800 |
| 2015 | $3,157 | $132,400 | $24,400 | $108,000 |
| 2014 | $3,157 | $132,400 | $24,400 | $108,000 |
Source: Public Records
Agents Affiliated with this Home
-
Andrea Zupancich
Seller's Agent in 2022
Andrea Zupancich
Z' Up North Realty
(218) 749-0159
407 Total Sales
-
Joseph Tome
Buyer's Agent in 2022
Joseph Tome
Grand Properties
(218) 228-3064
145 Total Sales
-
M
Buyer's Agent in 2022
Member Non
NON-MEMBER
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6105247
APN: 030-0050-02340
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