Updated 2-bedroom home in Ely where old world charm harmoniously blends with modern style and functionality. Every detail has been carefully enhanced with fine finishings while preserving the essence of its era. Beautiful open kitchen boasts solid counters, tile backsplash and charming breakfast nook. The living room features a freestanding gas stove. Enjoy the tranquility of the open covered front porch. Upstairs features an updated bathroom, ample storage, and space-saving farm-style doors that add character. Beautiful hardwoods and new lighting with ceiling fans throughout. The lower level is partially finished with a ½ bath, family room and open laundry. Captivating curb appeal with professional landscaping, green stone patio and walkways, and gardens all on a corner lot. 1-car garage with additional lean-to and storage shed providing ample space for your vehicles and storage needs. One of the standout features of this home is the twenty solar panels which help cover your monthly utilities. The home also boasts a Tesla car charger! New roof and freshly painted all you need to do is move into this property that combines historic charm with modern functionality. Furnishings negotiable.
Sold for $205,000 on 08/31/23
$205,000
48 E James St, Ely, MN 55731
2beds
1,044sqft
Single Family Residence
Built in 1938
3,049.2 Square Feet Lot
$204,900 Zestimate®
$196/sqft
$1,560 Estimated rent
Home value
$204,900
$195,000 - $215,000
$1,560/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 08, 2025 at 04:14pm
Listed by:
Anna Yahnke 218-235-3547,
Bear Island Realty LLC,
Kate Davies 218-343-9173,
Bear Island Realty LLC
Bought with:
Chris Eilrich, MN 40199284
Wildwoods Land Company
Source: Lake Superior Area Realtors,MLS#: 6109177
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 11 x 10
Bedroom
- Level: Upper
- Area: 88 Square Feet
- Dimensions: 11 x 8
Dining room
- Description: Built in dining nook
- Level: Main
- Area: 36 Square Feet
- Dimensions: 6 x 6
Kitchen
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11 x 11
Living room
- Level: Main
- Area: 238 Square Feet
- Dimensions: 17 x 14
Porch
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12 x 8
Rec room
- Level: Lower
- Area: 128 Square Feet
- Dimensions: 16 x 8
Heating
- Boiler, Fireplace(s), Hot Water, Propane, Electric
Appliances
- Included: Water Heater-Electric, Dryer, Microwave, Range, Refrigerator, Washer
Features
- Ceiling Fan(s), Natural Woodwork
- Flooring: Hardwood Floors
- Windows: Energy Windows
- Basement: Full,Partially Finished,Bath,Family/Rec Room,Utility Room
- Number of fireplaces: 1
- Fireplace features: Gas
Interior area
- Total interior livable area: 1,044 sqft
- Finished area above ground: 780
- Finished area below ground: 264
Property
Parking
- Total spaces: 1
- Parking features: Gravel, Off Street, Detached, Electrical Service
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Has view: Yes
- View description: City Lights
Lot
- Size: 3,049 sqft
- Dimensions: 25 x 125
- Features: Corner Lot, Landscaped
Details
- Additional structures: Lean-To
- Foundation area: 432
- Parcel number: 030007000070
- Zoning description: Residential
- Other equipment: Fuel Tank-Rented
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Composition, Frame/Wood
- Foundation: Concrete Perimeter
- Roof: Asphalt Shingle,Metal
Condition
- Previously Owned
- Year built: 1938
Utilities & green energy
- Electric: City Of Ely
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Fiber Optic
Community & neighborhood
Location
- Region: Ely
Other
Other facts
- Listing terms: Cash,Conventional,USDA Loan,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 8/31/2023 | Sold | $205,000-8.9%$196/sqft |
Source:  Lake Superior Area Realtors #6109177 | ||
| 7/31/2023 | Pending sale | $225,000$216/sqft |
Source: Lake Superior Area Realtors #6109177 | ||
| 7/18/2023 | Contingent | $225,000$216/sqft |
Source: Lake Superior Area Realtors #6109177 | ||
| 7/6/2023 | Listed for sale | $225,000+208.2%$216/sqft |
Source: Lake Superior Area Realtors #6109177 | ||
| 3/3/2017 | Sold | $73,000-3.8%$70/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #4742372 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,420 -3.1% | $110,400 +29.9% |
| 2023 | $1,466 +13.3% | $85,000 +9% |
| 2022 | $1,294 +10.6% | $78,000 +19.4% |
Find assessor info on the county website
Neighborhood: 55731
Nearby schools
GreatSchools rating
- 5/10Washington Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Memorial Middle SchoolGrades: 6-8Distance: 0.3 mi
- 9/10Memorial SecondaryGrades: 9-12Distance: 0.3 mi
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