1127 E Madison St, Ely, MN, 55731

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1127 E Madison St, Ely$190,000

Buyer Closing Credits

$2,256^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

ParkingDetached

Garage2 spaces

Year Built1940

HeatingPropane

MLS #6116353

Lot Size0.16 Acres

StatusActive
(ACTIVE)

About 1127 E Madison St

Updated 3 bed 2 bath home in Ely. Unwind and relax in your 3 season porch, or on those cool evenings, watch the stars on your expansive back deck and fully fenced in back yard. New appliances (Fridge and Range) and water heater in 2023. This house has a fresh coat of paint and in absolutely move in ready condition.

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Property Details

Property Features

Property Information:

• Architectural Style: Multi-level
• Year Built: 1940
• Stories: 2
• Living Area: 1,354 SqFt

Listing Office:

• Office Name: Z' Up North Realty
• Listing Agent: Jodi Nyman

Interior Features

Interior Information:

• Interior: Garage Door Opener, Hardwood Floors, Walk-In Closet

Bedroom and Bathroom Information:

• Partial Bathrooms: 1
• Full Bathrooms: 1
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Exterior: Deck, Fenced Yard - Partial, Porch

Parking Information:

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

Lot Features

Lot Information:

• Lot: Level
• Lot Size: 0.16 Acres

Utilities

Utilities Information:

• Heating: Propane

School Info

Assigned Schools Information:

• Memorial High School, Public District Grades 7-12
• Memorial Middle School, Public District Grades 6-8
• Washington Elementary School, Public District Grades PK-5

Other

Directions Information:

• Directions: East Sheridan turn, left on 11th, turn right on to Madison, house on left, sign in yard

Price Information

Listing Price Info

Price Summary:

• List Price: $190,000
• Price Per SqFt: $140/SqFt

Tax Information:

• Annual Amount: $1,342
• Tax Year: 2020

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Housing Market Comparison

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

Ely, MN

City

Med. Sold Price

$266K

Med. Price/SqFt

$222

Avg. Days On Market

93

# of Sold Homes

22

1127 E Madison St vs Ely

36 DAYS ON ROCKET

-57 Days

$190,000

-$76K Less

$140/SqFt

-$82 Less

KEY TAKEAWAY

This property is $76K less than the Median Sold Price and $82/SqFt less than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #6116353

Listing Office:

• Office Name: Z' Up North Realty
• Listing Agent: Jodi Nyman

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: 11/5/2024, 11:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Oct 11, 2006	Oct 11, 2006Home Sold	$91,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,342	$104,300
2019	$1,198	$76,447
2017	$874	$60,860

History based on county public records data.

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NMLS#3030

**Disclosures

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›1127 E Madison St

This home is located at 1127 E Madison St in Ely, MN and zip code 55731. This 1,354 square foot home, which was built in 1940, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $190,000.

While more than 3 listings in Ely, MN in October 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 16 were sold below. The inventory of homes for sale in Ely, MN between September 2024 and October 2024 decreased 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.