5 months on rocket

1229 E Sheridan St, Ely, MN, 55731

$199,000

Home List Price

$2,363*

Closing Credit

2 Bedrooms
1 Bath
1,012 SqFt
$197/SqFt
House

Location

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1229 E Sheridan St, Ely$199,000

Buyer Closing Credits

$2,363*

1.25% Loan Amount

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Property Highlights

ParkingDetached
Garage2 spaces
Year Built1935
HeatingForced Air, Oil
CoolingDuctless, Ceiling Fan(s)
MLS #6113923
Lot Size0.13 Acres
StatusActive
(ACTIVE)

About 1229 E Sheridan St

The Blue Moose is an updated 2 Bedroom, 1 Bath home. Charming, well maintained, and located on Sheridan Street; Ely's main street. A Turnkey, licensed short term Airbnb rental, with growing and successful rental history. The home has generous front & back entries, wood accents, tin ceilings, laminate and wood flooring.New(er) items include: shingles on house and garage, painted garage, all appliances, furnishings, egress window on upper level, and mini split air conditioner. Outside features a 2 stall detached garage and picnic area with privacy panels. Furnishings and appliances included with sale. Rental history available. Compliant sewer. This is an excellent location to all of Ely's offerings. Blue Moose Ely, Minnesota will access the current website.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1935
  • Stories: 2
  • Living Area: 1,012 SqFt

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Interior: Ceiling Fans, Eat-In Kitchen, Hardwood Floors, Natural Woodwork, Drywalls, Dryer Hook-Ups, Washer Hook-Ups

Bedroom and Bathroom Information:

  • Total Bedroom Count: 2

Exterior Features

Parking Information:

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

Virtual/3D Tour

  • 3D Tour: 1229 E Sheridan St
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Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Oil
  • Cooling: Ductless, Ceiling Fan(s)

Other

Directions Information:

  • Directions: Follow Sheridan to Address & Sign

Price Information

Listing Price Info

Price Summary:

  • List Price: $199,000
  • Price Per SqFt: $197/SqFt

Tax Information:

  • Annual Amount: $1,720
  • Tax Year: 2020
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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

$266K

Med. Price/SqFt

$222

Avg. Days On Market

93

# of Sold Homes

22

1229 E Sheridan St vs Ely

176 DAYS ON ROCKET

+83 Days

$199,000

-$67K Less

$197/SqFt

-$25 Less

KEY TAKEAWAY

This property is $67K less than the Median Sold Price and $25/SqFt less than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6113923

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

Tax History

YEARPROP. TAXASSESSMENT
2020$1,720$54,400
2019$1,584$54,400
2017$1,536$54,000

History based on county public records data.

Payment Calculator

$1,061

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$663

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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-386328
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 0.59 miles

  • Public District Grades PK-5

school-card-donut-386329
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 14.31 miles

  • Public District Grades PK-6

school-card-donut-386330
2
/10

  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 20.84 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 $34,634. The majority of Ely, MN residents have income less than $35k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1229 E Sheridan St

What is the listing price of this property?

The listing price of 1229 E Sheridan St property is $199,000.

What type of property is this?

The property 1229 E Sheridan St is a house located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 1229 E Sheridan St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,720 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1229 E Sheridan St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1229 E Sheridan St is 1,012 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1229 E Sheridan St is 1935.

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›1229 E Sheridan St

This home is located at 1229 E Sheridan St in Ely, MN and zip code 55731. This 1,012 square foot home, which was built in 1935, sits on a 0.13 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 29, 2024 and is currently priced at $199,000.

Over 3 listings were sold over their listed price in October 2024 in Ely, MN. In the same period over 16 listings were sold below the listed price and 1 listings were sold for the listed price. The inventory of homes for sale in Ely, MN between September 2024 and October 2024 decreased by 4%. In October 2024 median list price was $266,000 and the average listing age was 93 days.

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

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