2 months on rocket

1315 N 18th Ave E, Ely, MN, 55731

$674,000

Home List Price

$8,004*

Closing Credit

2 Bedrooms
1 Partial Bath
1,766 SqFt
$382/SqFt
House
Schools Nearby

Location

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1315 N 18th Ave E, Ely$674,000

Buyer Closing Credits

$8,004*

1.25% Loan Amount

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Property Highlights

ParkingAttached
Attached Garage2 spaces
Year BuiltNew Const., 2021
HeatingRadiant, Electric
WaterfrontLake
FireplaceElectric
ViewLake
MLS #6112142
Lot Size0.50 Acres
StatusActive
(ACTIVE)

About 1315 N 18th Ave E

Beautiful, newly built custom home ideally located in Ely’s Spaulding Addition nestled along the shores of Shagawa Lake! Delight in all the comforts of year round lakeshore living with the added convenience of city sewer and water. This clean and fresh 2 bedroom, 3 bath contemporary home is aesthetically pleasing with a bright and neutral design. Great room with dramatic vaulted ceilings gracefully pulls together kitchen/living/dining as well as a modern loft flex space – all with an impressive, elevated view of the lake. Granite countertops, sparkling light fixtures, and wood grain vinyl flooring throughout. Luxurious, lakeside primary bedroom en suite with ample storage and walk in closet. Convenient laundry room and half bath complete the upper level. Entry level second bed and bath, extra storage/utility room and spacious tuck under heated garage. Step outside and facing the lake you will find an upper level walkout balcony, as well as a ground level deck, screen porch and 8' x 10' storage shed. Nice level lot with 107’ shoreline and a sandy swimming beach. Lots of water to explore on Shagawa Lake, a great year round recreational lake for fishing, swimming, and boating. New construction doesn’t come on the market often here – this is your perfect opportunity to spend your days at your very own slice of heaven in beautiful Northern Minnesota!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2021
  • Stories: 2
  • Living Area: 1,766 SqFt

Listing Office:

  • Office Name: Keller Williams Classic Realty NW - Ely
  • Listing Agent: Lori Schulze

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior: Ceiling Fans, Eat-In Kitchen, Garage Door Opener, Walk-In Closet, Drywalls, Foyer Entry, Patio Door, 2nd Floor Laundry
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake
  • Exterior: Balcony, Patio

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached

Lot Features

Lot Information:

  • Lot: Landscaped, Few Trees, Level
  • Lot Size: 0.50 Acres

Utilities

Utilities Information:

  • Heating: Radiant, Electric

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: Property is located off Pioneer Drive and 18th Ave. Sign at the beginning of driveway.

Price Information

Listing Price Info

Price Summary:

  • List Price: $674,000
  • Price Per SqFt: $382/SqFt
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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

$236K

Med. Price/SqFt

$173

Avg. Days On Market

293

# of Sold Homes

2

1315 N 18th Ave E vs Ely

84 DAYS ON ROCKET

-209 Days

$674,000

+$438K More

$382/SqFt

+$208 More

KEY TAKEAWAY

This property is $438K more than the Median Sold Price and $208/SqFt more than other homes in Ely, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6112142

Listing Office:

  • Office Name: Keller Williams Classic Realty NW - Ely
  • Listing Agent: Lori Schulze

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: 4/29/2024, 1:25:18 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.

Payment Calculator

$3,431

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,087

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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.

Elementary School

school-card-donut-3133496
5
/10

  • Washington Elementary School

  • 600 E Harvey St

  • 1.37 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3133497
7
/10

  • Memorial Middle School

  • 600 E Harvey St

  • 1.37 miles

  • Public District Grades 6-8

High School

school-card-donut-3133498
8
/10

  • Memorial High School

  • 600 E Harvey St

  • 1.37 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,750. Typical income of Ely, MN residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1315 N 18th Ave E

What is the listing price of this property?

The listing price of 1315 N 18th Ave E property is $674,000.

What type of property is this?

The property 1315 N 18th Ave E is a house located in Ely, Minnesota, 55731.

Is this property for sale now?

Active Listing: 1315 N 18th Ave E is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1315 N 18th Ave E are:
Washington Elementary School: GreatSchools Rating 5/10
Memorial Middle School: GreatSchools Rating 7/10
Memorial High School: GreatSchools Rating 8/10

How many bedrooms and bathrooms does this property have?

The property at 1315 N 18th Ave E has 2 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1315 N 18th Ave E is 1,766 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1315 N 18th Ave E is 2021.

Rocket Homes›Minnesota›Saint Louis County›Ely›55731›1315 N 18th Ave E

This home is located at 1315 N 18th Ave E in Ely, MN and zip code 55731. This 1,766 square foot home, which was built in 2021, sits on a 0.50 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 04, 2024 and is currently priced at $674,000.

In March 2024, from all listings sold in Ely, MN there were more than 0 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price. The number of listings in Ely, MN increased by 4.5% between February 2024 and March 2024. In March 2024, listings were on the market for 293 days. During the same period, the median list price in this real estate market was $236,000.

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

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