NOT LISTED FOR SALE

535 E Boundary St Ely, MN 55731

Estimated Value: $212,000 - $287,000

3 Beds
2 Baths
2,016 Sq Ft
$120/Sq Ft Est. Value

Last Sold January 30, 2024

Last sale price $250,000 $124 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,465/month

159 Days on Market

Highlights

  • Spa
  • Ranch Style House
  • No HOA
  • Memorial High School Rated 9+
  • 2 Fireplaces
  • Den

About This Home

As of January 2024

Tremendous updated Ely Home in a very desirable quiet location just a few blocks from the public schools. This is a feel good home. It is comfortable, warm and has many features and updates. The main level has 2 bedrooms, 1 bath, kitchen, pantry closet, formal dining room and living room. the attic area was remodeled to offer an insulated full storage area. Added was a metal roof, full home 200 amp rewire, large front deck with retractable awning. Fully remodeled basement has a 3rd bedroom, 2nd bath with attached electric sauna, den, wet bar, large laundry room, new boiler storage room and craft room. This home is in excellent condition and is well cared for. The yard has been landscaped along the front and side with a full, extensive vegetable garden in the back yard. If your green thumb beckons you to an organic black dirt garden this is for you! This garden offers you to grow your own vegetables in the staked out plot. Extra footage in the spacious two car plus garage with workbench and plenty of storage shelving along with a 60 Amp Electric Sub Panel. The basement is dry. New propane fireplaces and high energy efficient propane boiler replaced the older heating system. Also installed was Mini Split Heat pump with A/C. Built in 1955, this brick plus wood frame, sheet rocked home, hardwood flooring home is from a time of excellent craftsmanship.

Last Agent to Sell the Property

Jerry Fink

Canoe Capital Realty, LLC Listed on: 06/30/2023

Last Buyer's Agent

Julian Rasmusson

Z' Up North Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,028

Year Built

  • Built in 1955

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50 x 125

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Concrete Foundation
  • Wood Frame Construction
  • Metal Roof
  • Metal Siding
  • Composition Shingle

Interior Spaces

  • 2 Fireplaces
  • Gas Fireplace
  • Living Room
  • Dining Room
  • Den
  • Lower Floor Utility Room
  • Washer and Dryer Hookup
  • Utility Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Finished Basement

  • Basement Fills Entire Space Under The House
  • Fireplace in Basement
  • Bedroom in Basement
  • Recreation or Family Area in Basement
  • Finished Basement Bathroom
  • Basement Window Egress

Pool

  • Spa

Utilities

  • Ductless Heating Or Cooling System
  • Baseboard Heating
  • Boiler Heating System
  • Heating System Uses Oil

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 030-0420-00450

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,028

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: 535 East Boundary
  • L O1 Office Phone1 Number: 218-365-8689
  • Property Sub-Type: SF/Detached
  • Tax Year: 2023
  • Lot Description Waterfront: No
  • Air Conditioner: Ductless Mini Split
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1008
  • Below Grade Finished Sq Ft: 1008
  • Garage Type: Detached
  • Heat: Baseboard, Boiler, Fireplace, Ductless/Mini Split, Oil
  • Fireplaces: 2
  • MainFloorBath: Yes
  • Reso Roof: Metal
  • Room 10: Utility Room
  • Bedroom 3: Kitchen
  • TotalBedrooms: 3
  • Year Built: 1955
  • Level 1 Bedroom: Main
  • RoomLevel10: Lower
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • RoomLevel6: Lower
  • RoomLevel7: Lower
  • RoomLevel8: Lower
  • RoomLevel9: Lower
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Three Quarter Bathrooms: 1
  • Basement Features: Egress Windows, Finished, Bath, Bedrooms, Den/Office, Family/Rec Room, Fireplace, Utility Room, Washer Hook-Ups, Dryer Hook-Ups
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: 3/4 Basement, Full Main Floor
  • Fireplace: Yes
  • Den Fireplace Type: Gas
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Master Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Bedroom
  • Room 7: Spa/Sauna
  • Room 8: Bathroom
  • Room 9: Other
  • Total Bathrooms: 2
  • Total Fin Square Footage: 2016
  • Exercise Room Level2: Main

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Brick, Metal, Composition, Asphalt

Garage/Parking

  • Garage Capacity: 2

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: 50 x 125
  • Estimated Number of Acres: 0.14
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 030-0420-00450

Tax Info

  • Tax Amount: 2028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2023
Closed on
Jan 30, 2024
Sold by
Kovall Gary and Shambaugh Kovall Peggy
Bought by
Susan M Wormley Trust U/A/D December 2
Seller's Agent
Jerry Fink
Canoe Capital Realty, LLC
Buyer's Agent
Julian Rasmusson
Z' Up North Realty
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$242,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,512
Avg. Annual Appreciation
-1.58%
Original Mortgage
$200,000
Outstanding Balance
$196,500
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$45,988

Purchase Details

Closed on
Nov 12, 2010
Sold by
Hill Thomas M and Hill Sharon
Bought by
Kovall Gary and Shambaugh Peggy

Purchase Details

Closed on
Aug 18, 2008
Sold by
Hill William G and Hill Barbara B
Bought by
Hill Thomas M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Susan M Wormley Trust U/A/D December 2 $250,000 --
Kovall Gary $122,500 Northeast Title Company
Hill Thomas M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Susan M Wormley Trust U/A/D December 2 $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2024 01/30/24 Sold $250,000 0.0% $124 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $250,000 -- $124 / 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 $2,328 $193,900 $4,000 $189,900
2023 $2,328 $183,400 $3,900 $179,500
2022 $1,642 $149,400 $3,700 $145,700
2021 $1,558 $124,900 $3,400 $121,500
2020 $1,386 $111,000 $3,400 $107,600
2019 $1,312 $111,000 $3,400 $107,600
2018 $1,040 $109,400 $3,400 $106,000
2017 $1,060 $96,100 $3,700 $92,400
2016 $1,166 $93,200 $3,400 $89,800
2015 $1,059 $68,000 $2,700 $65,300
2014 $1,059 $68,000 $2,700 $65,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6109089

APN: 030042000450