1 month on rocket

324 S 4th Ave E, Ely, MN, 55706

$189,900

Home List Price

$2,255*

Closing Credit

0 Baths
2,640 SqFt
$72/SqFt
Multi

Location

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324 S 4th Ave E, Ely$189,900

Buyer Closing Credits

$2,255*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDriveway - Gravel, Off Street
HeatingForced Air, Oil
MLS #6116254
Lot Size0.12 Acres
StatusActive
(ACTIVE)

About 324 S 4th Ave E

Incredible investment opportunity by unlocking this historic 2.75 story home’s potential! Much of original character is retained - 26 ft covered front porch, 9 ft ceilings, large windows, original interior doors & woodwork, hardwood floors & some vintage fixtures. Third level attic offers even more potential living space with 7’ ceilings in 3 large rooms! Recent updates include roof, siding, main level windows, electrical service, plumbing, etc. 4 city lots, off-street parking, fully fenced yard, ideally located in heart of Ely. Originally built as Sec 30 hospital, moved to this site by horses, converted to a triplex & later, main level housed a child’s day care.

Property Details

Property Features

Property Information:

  • Architectural Style: Up & Down
  • Stories: 3
  • Living Area: 2,640 SqFt

Listing Office:

  • Office Name: Keller Williams Classic Realty NW - Ely
  • Listing Agent: Wendy Johnson

Exterior Features

Exterior Information:

  • Exterior: Fenced Yard - Full, Porch

Parking Information:

  • Attached Garage: No
  • Parking: Driveway - Gravel, Off Street

Lot Features

Lot Information:

  • Lot: Landscaped, Few Trees, Level
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Oil

Other

Directions Information:

  • Directions: In town

Price Information

Listing Price Info

Price Summary:

  • List Price: $189,900
  • Price Per SqFt: $72/SqFt

Tax Information:

  • Annual Amount: $2,428
  • 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

324 S 4th Ave E vs Ely

54 DAYS ON ROCKET

-39 Days

$189,900

-$76.1K Less

$72/SqFt

-$150 Less

KEY TAKEAWAY

This property is $76.1K less than the Median Sold Price and $150/SqFt less than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6116254

Listing Office:

  • Office Name: Keller Williams Classic Realty NW - Ely
  • Listing Agent: Wendy Johnson

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: 11/17/2024, 9:20:51 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$2,428$92,400
2019$2,208$92,400
2017$2,000$85,900

History based on county public records data.

Payment Calculator

$1,015

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$636

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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-554485
7
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 0.10 miles

  • Public District Grades PK-5

school-card-donut-554486
4
/10

  • Babbit Elementary School

  • 30 South Dr

  • 13.85 miles

  • Public District Grades PK-6

school-card-donut-554487
2
/10

  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 20.16 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 $26,750. Typical income of Ely, MN residents is less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Saint Louis County›Ely›55706›324 S 4th Ave E

This home is located at 324 S 4th Ave E in Ely, MN and zip code 55706. This 2,640 square foot home sits on a 0.12 acre lot. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $189,900.

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 number of listings in Ely, MN decreased by 4% between September 2024 and October 2024. 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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