St. Louis County property record for 1561 Rapids Rd, Ely, MN 55731 · Last verified August 2026
| Property Type | Residential > Single Family > Home |
|---|---|
| Bedrooms | 3 Beds |
| Bathrooms | 2.25 Baths |
| Year Built | Built 1978 |
| Square Footage | 1,041 sqft Gross Area |
| Lot Size | 224,669 sqft (5.15 acres) |
| Occupancy | Owner Occupied |
| Last Sale | $219,000 (2015) |
| Tax Bill | $2,130.00 (2026) |
| Primary APN | 465-0047-00040 |
|---|---|
| Alternative APN |
|
| Bedrooms | 3 Beds |
|---|---|
| Full Baths | 2.25 Baths |
| Partial Baths | 1 Partial Baths |
| Total Rooms | 3 Rooms |
| Building Area | 1,041 sqft Gross Area |
| 1st Floor | 872 sqft 1st Floor |
| Basement Area | 336 sqft Basement |
| Finished Basement | 336 sqft Finished |
| Stories | 1 Stories |
| Year Built | Built 1978 |
|---|---|
| Effective Year Built | Effective 1978 |
| Exterior Material | Wood Exterior |
| Construction Type | Frame Construction |
| Lot Area | 224,669 sqft (5.15 acres) |
| Garage Area | 1,456 sqft Garage |
| Deck Area | 16 sqft Deck |
|---|---|
| Porch Area | 168 sqft Porch |
| Sauna | Sauna |
| Storage Building | 144 sqft Storage Building |
| Cooling System | Central Cooling |
|---|---|
| Heating Fuel | Oil Heating Fuel |
| Account Number | 1128596 |
|---|---|
| Street Address | 1561 RAPIDS RD |
| City | ELY |
| State | MN |
| Zip | 55731-8234 |
| Property Usage | Residential Property Usage |
| Type | Residential > Single Family > Home |
| Legal Description | LOT: 0004 BLOCK:001 SERIAL # |
| Legal Subdivision | BEAR ISLAND RIVER ESTATES |
| Legal Block | 1 |
| Legal Lot Number | 4 |
| Jurisdiction | ST LOUIS MN |
| Minor Civil Division | MORSE |
| Census Blockgroup | 1 |
| Census Block | 1073 |
| Census Tract | 15401 |
Source: St. Louis County records · APN 465-0047-00040
Assessment roll updated August 17, 2026 · Last verified August 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | PO BOX 536, ELY, MN 55731-0536 |
| Occupancy | Owner Occupied |
| Owner Type | Owner is a Company |
| Vesting | Owner is a Trust, Family Trust |
| Date | Document |
|---|---|
| May 06, 2021 | Deed of Trust, Mortgage · Reverse Mortgage LONGBRIDGE FINANCIAL LLC |
| Apr 11, 2022 | Intrafamily Transfer, Transfer |
| Deed Names | Verified Name on Deed |
|---|---|
| Last Sale | Aug 11, 2015 · Amount on Record |
| Deed Sale | Aug 11, 2015 · Amount on Record |
| Prior Sale | Nov 07, 2014 · Amount on Record |
| Deed Doc Number | 20151267003 |
| Last Transfer Date | Apr 04, 2022 |
| Transfer Doc | 0001440857 |
| Record Refreshed | Sep 20, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | ST LOUIS MN |
| Property Address | 1561 RAPIDS RD, ELY, MN 55731-8234 |
| Transaction Type | Mortgage |
| Record Updated | Aug 15, 2022 |
| Name | Verified Name |
|---|---|
| Address | 1561 RAPIDS RD, ELY, MN 55731-8234 |
| Document Number | 0001413031 |
|---|---|
| Date | May 06, 2021 |
| Instrument | 1413031 |
| Name | LONGBRIDGE FINANCIAL LLC |
|---|---|
| Type | Reverse Mortgage Lender |
| Address | MAHWAH, NJ 07495 |
| Type | Reverse Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 936 Months |
| Due | May 27, 2099 |
| Rate Type | Adjustable Rate |
|---|---|
| Rate | 3.61% |
| Type Change Date | Mar 01, 2021 |
| Change Frequency | Annually |
| Index | 1-Year CMT |
| Document Type | Intrafamily Transfer |
|---|---|
| Jurisdiction | ST LOUIS MN |
| Recording Date | Apr 11, 2022 |
| Property Address | 1561 RAPIDS RD, ELY, MN 55731-8234 |
| Document Number | 0001440857 |
| Instrument Date | Apr 04, 2022 |
| Instrument | 1440857 |
| Transaction Type | Transfer |
| Record Updated | Jun 07, 2023 |
| Tax | $0.00 |
|---|---|
| Amount Accuracy | Zero or No Consideration Stated |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Family Trust |
| Address | PO BOX 536, ELY, MN 55731-0536 |
Source: St. Louis County records · Assessment roll updated August 17, 2026 · Last verified August 2026
| Type | Name |
|---|---|
| State | Minnesota |
| County | St. Louis County |
| County Subdivision | Morse Township |
| Unified School District | Ely Public School District (PK - 12) |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $2,130.00 (+0.85%) Homeowner's exemption | ||
| 2025 | $2,112.00 (+5.81%) Homeowner's exemption | $320,800 (+11.85%) Land $71,200 Building $249,600 | $320,800 (+11.85%) Land $71,200 Building $249,600 |
| 2024 | $1,996.00 | $286,800 (+31.44%) Land $67,000 Building $219,800 | $286,800 (+31.44%) Land $67,000 Building $219,800 |
| 2022 | $218,200 Land $55,500 Building $162,700 | $218,200 Land $55,500 Building $162,700 |
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