4 months on rocket

1115 E Madison St, Ely, MN, 55731

$299,000

Home List Price

$3,551*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
1,821 SqFt
$164/SqFt
House

Location

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1115 E Madison St, Ely$299,000

Buyer Closing Credits

$3,551*

1.25% Loan Amount

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Property Highlights

ParkingDetached
Garage4 spaces
Year Built1920
HeatingForced Air, Pellet Stove
FireplacePellet
MLS #6114714
Lot Size0.32 Acres
StatusActive
(ACTIVE)

About 1115 E Madison St

Spacious and sunny 4 Bedroom 2.5 Bath home situated on a beautifully wooded corner lot on a quiet in-town street. The lot is comprised of 4 south and west facing city lots, there is plenty of room for all of your outdoor fun. The main level is an open concept with generously sized living room, a free standing pellet stove, new carpeting, and tiled entry floor. The updated kitchen is functional and tastefully finished with darker wood cabinets, and stainless appliances. With patio doors leading to a large private deck surrounded by trees and established gardens, the dining area is a perfect extension of the kitchen. Also located on the main level is the laundry room with walls of windows that could be transformed into a 4 season sunroom. Finishing off the main level is a conveniently located half bath. Access the upstairs via dual staircases with classic banisters and new carpeting located on the west and east sides of the living room. The primary ensuite bedroom has a 8 x 8 walk in closet, and 3/4 bath while the additional three bedrooms share a full bath. All of the bedrooms feature new carpeting and there is new paint throughout. The entire house has large windows that capture the natural light and gorgeous features of the uniquely large yard. Open unfinished basement with taller ceilings and a dry electric sauna. Outside features include a charming 8 x 29 front porch, mature trees, perennials, and a 4-stall detached garage with 2 sets of double automatic doors and additional single manual door on the back side.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1920
  • Stories: 2
  • Living Area: 1,821 SqFt

Listing Office:

  • Office Name: Bear Island Realty LLC
  • Listing Agent: Patricia Bulinski

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Fireplace: Pellet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Detached

Virtual/3D Tour

  • 3D Tour: 1115 E Madison St
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Lot Features

Lot Information:

  • Lot: Corner Lot, Landscaped, Some Trees, Level
  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Pellet Stove

Other

Directions Information:

  • Directions: Follow Sheridan to 11th Avenue; turn North to Madison Street. Turn left and follow to address and sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,000
  • Price Per SqFt: $164/SqFt
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Housing Market Comparison

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

Med. Sold Price

$266K

Med. Price/SqFt

$222

Avg. Days On Market

93

# of Sold Homes

22

1115 E Madison St vs Ely

141 DAYS ON ROCKET

+48 Days

$299,000

+$33K More

$164/SqFt

-$58 Less

KEY TAKEAWAY

This property is $33K more than the Median Sold Price and $58/SqFt less than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6114714

Listing Office:

  • Office Name: Bear Island Realty LLC
  • Listing Agent: Patricia Bulinski

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 6:20:49 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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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$963

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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-390565
7
/10
  • Washington Elementary School

  • 600 E Harvey St

  • 0.58 miles

  • Public District Grades PK-5

school-card-donut-390566
4
/10
  • Babbit Elementary School

  • 30 South Dr

  • 14.40 miles

  • Public District Grades PK-6

school-card-donut-390567
2
/10
  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 20.80 miles

  • Public District Grades PK-6

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. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1115 E Madison St

What is the listing price of this property?

The listing price of 1115 E Madison St property is $299,000.

What type of property is this?

The property 1115 E Madison St is a house located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 1115 E 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 1115 E Madison St has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1115 E Madison St is 1,821 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1115 E Madison St is 1920.

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›1115 E Madison St

This home is located at 1115 E Madison St in Ely, MN and zip code 55731. This 1,821 square foot home, which was built in 1920, sits on a 0.32 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $299,000.

In October 2024 more than 3 listings in Ely, MN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 16 were sold below. Between September 2024 and October 2024, Ely, MN real estate market has seen decrease in the number of listings by 4%. Listings spent 93 days on the market in October 2024, and had a median list price of $266,000 during the same period.

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

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