4 months on rocket

1004 Madison St, Ely, MN, 55731

$185,000

Home List Price

$2,197*

Closing Credit

2 Bedrooms
1 Full Bath
1,650 SqFt
$112/SqFt
House

Location

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1004 Madison St, Ely$185,000

Buyer Closing Credits

$2,197*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached
Garage2 spaces
Year Built1900
HeatingForced Air
CoolingNone
BasementYes
MLS #6588619
StatusActive

About 1004 Madison St

Discover the best of Ely living with this amazing property—your dream home is just a call away. This charming 2-bedroom, 2-bath home is perfect for first-time homebuyers, small families, and outdoor enthusiasts eager to enjoy the natural beauty of the area. Spacious Corner Lot: Enjoy the privacy and space of a large corner lot with a beautifully fenced-in yard. Detached 2-Car heated garage, perfect for those chilly winters, this garage offers convenience and comfort. New electrical panel, updated 3/4 bathroom on the main level, luxurious spa-like bathroom on the upper level with a jetted jacuzzi tub and shower, new laminate flooring, cozy wood details in the cove ceiling of the living room, log wall accents in one of the upper bedrooms, and vaulted ceilings in both bedrooms. You'll love the functional kitchen design with lots of counter space, 1/2 wall in the kitchen doubles as a breakfast or serving bar and all opens up to a spacious dining room. Double sliding front door brings in an abundance of natural light. Close proximity to Shagawa and Miners' Lake give you easy access to Trezona trails and many other hiking, biking, and snowmobile trails. Raised flower/garden beds for those with a green thumb in the private back yard. So much to appreciate, come see!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,650 SqFt

Listing Office:

  • Office Name: z'Up North Realty, Inc.

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: Sheridan St to N 10th Ave E, Left (North) to E Madison St, go right. Home is right on the corner.

Price Information

Listing Price Info

Price Summary:

  • List Price: $185,000
  • Price Per SqFt: $112/SqFt
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Housing Market Comparison

See how this home compares to others in Ely, MN.

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Ely, MN

City

Med. Sold Price

$199K

Med. Price/SqFt

$145

Avg. Days On Market

68

# of Sold Homes

8

1004 Madison St vs Ely

133 DAYS ON ROCKET

+65 Days

$185,000

-$14K Less

$112/SqFt

-$33 Less

KEY TAKEAWAY

This property is $14K less than the Median Sold Price and $33/SqFt less than other homes in Ely, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6588619

Listing Office:

  • Office Name: z'Up North Realty, Inc.

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Last updated on: 12/30/2024, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2289125
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 0.48 miles

  • Public District Grades PK-5

school-card-donut-2289126
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 14.35 miles

  • Public District Grades PK-6

school-card-donut-2289127
2
/10

  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 20.70 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,750. The majority of Ely, MN residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1004 Madison St

What is the listing price of this property?

The listing price of 1004 Madison St property is $185,000.

What type of property is this?

The property 1004 Madison St is a house located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 1004 Madison St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1004 Madison St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1004 Madison St is 1,650 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1004 Madison St is 1900.

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›1004 Madison St

This home is located at 1004 Madison St in Ely, MN and zip code 55731. This 1,650 square foot home was built in 1900. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $185,000.

Ely, MN housing market in November 2024 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. The number of listings in Ely, MN decreased by 16.7% between October 2024 and November 2024. In November 2024 median list price was $199,000 and the average listing age was 68 days.

From Rocket Homes Real Estate and based on county public records data.

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