48 E James St, Ely, MN 55731
OFF MARKET

48 E James St
Ely, MN 55731

  • 2 Beds
  • 2 Baths
  • 1,044 sqft

$214,000

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $1,338/mo*
Refinance Your Home

$214,000

Trulia Estimate
as of Aug 10, 2026
Est. Refi. Payment $1,338/mo*
Refinance Your Home
2 Beds
2 Baths
1,044 sqft

Local Information

  • Map ViewExplore the area around 48 E James St.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1938
Living Area
1,044 sqft
Price/Sqft
$205
Parking
Garage

About this House

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.
48 E James St, Ely, MN 55731 is a 2 bedroom, 2 bathroom, 1,044 sqft single-family home built in 1938. It last sold for $205,000 on Aug 31, 2023 (9% below the $225,000 asking price). It is currently off market. The Trulia Estimate is $214,000, with a rent estimate of $1,736/month.

Home Details for 48 E James St

Interior Features

Interior Details
Basement: Full,Partially Finished,Bath,Family/Rec Room,Utility RoomNumber of Rooms: 7Types of Rooms: Bedroom, Dining Room, Kitchen, Living Room, Porch, Recreation Room
Beds & Baths
Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 1044 Square FeetFoundation Area: 432
Appliances & Utilities
Utilities: Fiber OpticAppliances: Water Heater-Electric, Dryer, Microwave, Range, Refrigerator, WasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Boiler,Fireplace(s),Hot Water,Propane,ElectricHas HeatingHeating Fuel: Boiler
Fireplace & Spa
Number of Fireplaces: 1Fireplace: GasHas a Fireplace
Gas & Electric
Electric: City Of Ely
Windows, Doors, Floors & Walls
Window: Energy WindowsFlooring: Hardwood Floors
Levels, Entrance, & Accessibility
Number of Stories: 2Floors: Hardwood Floors
View
Has a ViewView: City Lights

Exterior Features

Exterior Home Features
Roof: Asphalt Shingle MetalOther Structures: Lean-ToFoundation: Concrete Perimeter
Parking & Garage
Number of Garage Spaces: 1Number of Covered Spaces: 1No CarportHas a GarageNo Attached GarageHas Open ParkingParking Spaces: 1Parking: Gravel,Off Street,Detached,Electrical Service
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Finished Area
Finished Area (above surface): 780 Square FeetFinished Area (below surface): 264 Square Feet

Days on Market

Cumulative Days on Market: 11

Property Information

Year Built
Year Built: 1938
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Traditional
Building
Construction Materials: Composition, Frame/Wood
Property Information
Condition: Previously OwnedParcel Number: 030007000070

Price & Status

Price
List Price: $225,000
Status Change & Dates
Off Market Date: Mon Jul 17 2023Possession Timing: Immediate

Active Status

MLS Status: SOLD

Location

Direction & Address
City: Ely
School Information
High School District: Ely #696

HOA

No HOA

Lot Information

Lot Area: 3049.2 sqft

Offer

Listing Terms: Cash, Conventional, USDA Loan, VA Loan

Miscellaneous

BasementMls Number: 6109177Attribution Contact: ***Above Grade Unfinished Area: 780
Last check for updates: about 17 hours ago
Listed by Anna Yahnke, (218) 235-3547
Bear Island Realty LLC
Kate Davies, (218) 343-9173
Bear Island Realty LLC
Bought with: Chris Eilrich, (218) 343-6169, Wildwoods Land Company
Source: Lake Superior Area Realtors as distributed by MLS GRID, MLS#6109177

Price History for 48 E James St

DatePriceEventSource
08/31/2023$205,000Sold
Lake Superior Area Realtors as distributed by MLS GRID #6109177
07/31/2023$225,000PendingLake Superior Area Realtors as distributed by MLS GRID #6109177
07/18/2023$225,000ContingentLake Superior Area Realtors as distributed by MLS GRID #6109177
07/06/2023$225,000Listed For SaleLake Superior Area Realtors as distributed by MLS GRID #6109177
03/03/2017$73,000Sold
NorthstarMLS as distributed by MLS GRID #4742372
01/13/2017$75,900PendingAgent Provided
09/22/2016$75,900Listed For SaleAgent Provided
02/11/2014$67,500Sold
N/A
12/19/2013$72,500Listed For SaleAgent Provided
10/17/2012$62,900ListingRemovedAgent Provided
10/11/2012$62,900Listed For SaleAgent Provided
08/02/2012$59,500Sold
N/A
05/09/2012$62,900PriceChange
Agent Provided
03/15/2012$65,000PriceChange
Agent Provided
12/29/2011$72,000Listed For SaleAgent Provided
12/10/2005$70,051Sold
N/A
09/05/2002$58,500Sold
N/A
09/14/2001$53,000Sold
N/A

Market trends in Ely

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
96
16MoM
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Property Tax and Assessment

Year2024
Tax$1,420
Assessment$110,400
Home facts updated by county records

Comparable Sales for 48 E James St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
137 E Boundary St, Ely, MN
0.07
Single-Family Home
$209,000
12/12/25
2
2
1,287
27 E Harvey St, Ely, MN
0.28
Single-Family Home
$172,000
04/14/26
2
1.5
1,041
235 E Harvey St, Ely, MN
0.31
Single-Family Home
$164,000
06/18/26
3
2
1,299
416 E Camp St, Ely, MN
0.50
Single-Family Home
$200,000
01/09/26
2
1.5
1,550
24 E Conan St, Ely, MN
0.19
Single-Family Home
$272,500
07/10/26
4
1.5
1,400
712 E Pattison St, Ely, MN
0.45
Single-Family Home
$249,900
05/29/26
3
2
1,170
647 E Boundary St, Ely, MN
0.41
Single-Family Home
$195,000
10/07/25
3
2
2,000
638 E James St, Ely, MN
0.40
Single-Family Home
$230,000
05/01/26
3
1.5
1,350
1127 E Chapman St, Ely, MN
0.83
Single-Family Home
$190,000
08/29/25
2
1.5
1,138

Nearby homes

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Assigned Schools

These are the assigned schools for 48 E James St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Ely

At least 8 Trulia users voted on each feature.

  • 93 % Say there's wildlife

  • 90 % Say kids play outside

  • 89 % Say car is needed

  • 88 % Say parking is easy

  • 86 % Say it's quiet

  • 83 % Say yards are well-kept

  • 83 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 78 % Say people would walk alone at night

  • 77 % Say it's walkable to restaurants

  • 75 % Say there are sidewalks

  • 73 % Say streets are well-lit

  • 72 % Say neighbors are friendly

  • 69 % Say it's walkable to grocery stores

  • 45 % Say there are community events

  • 36 % Say they plan to stay for at least 5 years

Sourced by Trulia users. Learn more about our methodology.
  • Mavericksells
    "Ely is surrounded by forests and it’s a lovely, peaceful place to reside. There are wonderful restaurants, shops, a great movie theater and a variety of outdoor activities to choose from year round. "
    0
    Flag
  • Derek H.
    "Ely is located at the end of the road. No roads go to much further north due to the boundary waters canoe area which strictly prohibits dwellings or any man made structures. Ely can seem like a long way from anywhere at times and the community recognizes this and most willing are willing to help whoever and whenever the need may arise. We take care of our own and then some . "
    7
    Flag
  • Jennifer P.
    "Don't move here if you don't like being out in the woods. ppl on this town take care of each other. even if you're new. as long as you show you want to be part of Ely. "
    0
    Flag
  • Jennifer P.
    "as a new comer to ely try to get into activities around town, especially if you have younger children who are not school age. jobs are not always easy to find and though the cost of living is fairly low you do money can get tight quickly. ely is a nice town but it's hard on you too. more work for less. your kids are safe here but still know who you're talking to before hand."
    3
    Flag
  • Rvhall
    "There is no public transport in this neighborhood , but Arrowhead transport does run in town for a nominal fee and there are weekly trips to Virginia Mn."
    0
    Flag
  • Lora L.
    "We have cab service and in town bus service. It’s a 25 block walk from first place in town to last. Generally, the city park,police,fire,library dot,and shopping district are within 8 blocks from anywhere."
    0
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Apartments for Rent

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Homes for sale near 48 E James St

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Off Market Homes Near 48 E James St

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Frequently asked questions about 48 E James St

  • What is 48 E James St estimated to be worth?
    Trulia's estimated value for 48 E James St in Ely, MN is $214,000.
  • What is the price history for 48 E James St?
    48 E James St in Ely, MN last sold for $205,000 in August 2023.
  • Is Ely a buyer's or seller's market?
    Ely is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Ely?
    Residents describe Ely, MN as easy to park in, quiet, and well-kept. Most residents say you need a car. See recently sold homes in Ely, MN.
  • Does 48 E James St have laundry facilities?
    Yes, 48 E James St in Ely, MN has in-unit laundry.
  • How big is the lot at 48 E James St?
    The lot at 48 E James St in Ely, MN is about 0.07 acres (3,049 sq ft).
Based on information submitted to the MLS GRID as of 2026-08-09 05:37:28 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information