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638 Boundary St

Ely, MN 55731

3 bd 2 ba 1,716 sqft Built 1961 Lot 9,627 sqft single_family
Most recent sale
$205,400
Apr 19, 2024

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Apr 19, 2024 Sold $205,400 LakeSuperiorAreaRealtors
Feb 27, 2024 Listed $185,000 NorthstarMLS

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $111,670 $12,038 $123,708 $1,648
2023 $97,557 $11,372 $108,929 $1,728
2022 $76,062 $9,650 $85,712 $1,394
2021 $64,003 $9,174 $73,177 $1,336
2020 $64,003 $9,174 $73,177 $1,184
2019 $62,646 $9,114 $71,760 $1,120
2018 $61,280 $7,864 $69,144 $1,064
2017 $58,317 $7,012 $65,329 $1,072
2016 $69,000 $8,300 $77,300 $1,182
2015 $61,400 $8,000 $69,400 $1,060
2014 $61,400 $8,000 $69,400 $1,085
2013 $61,400 $8,000 $69,400 $1,088
2011 $61,000 $8,000 $69,000 $950
2010 $97,200 $11,300 $108,500 $1,030
2009 $79,500 $10,800 $90,300 $764
2008 $79,500 $10,800 $90,300 $864
2007 $79,500 $10,800 $90,300 $884

Property facts

Year built
1961
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,716 sqft
Lot size
9,627 sqft
ZIP code
55731
City
Ely
Street
Boundary St
Coordinates
47.89651, -91.85704

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,232
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 638 Boundary St last sell?
638 Boundary St most recently sold on Apr 19, 2024 for $205,400.
What is the current tax assessment for 638 Boundary St?
The most recent total assessment for 638 Boundary St (year 2025) is $123,708 with $1,648 in property tax.
How does 638 Boundary St's assessment compare to its last sale price?
The current assessment is 39.8% below the last sale price of $205,400.
When was 638 Boundary St built?
638 Boundary St was built in 1961.
How does 638 Boundary St compare to others on Boundary St?
We track 8 other properties on Boundary St. Browse the list under "Other properties on Boundary St" to compare beds, baths, and sale history.
What are the property facts for 638 Boundary St?
638 Boundary St is a 3 bed, 2 bath, 1,716 sqft, 9,627 sqft lot single_family.
Is 638 Boundary St a flip candidate?
No — 638 Boundary St does not appear in our flips dataset.
Is 638 Boundary St a tax-appeal candidate?
No — 638 Boundary St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.2%
Implied 1-yr
+4.8%
2026 Q3
$266.6K
2026 Q4
$269.6K
ZIP 55731 — Median Price History + Forecast

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