2045 Hwy 1, Ely, MN 55731 Property Records

St. Louis County property record for 2045 Hwy 1, Ely, MN 55731 · Last verified August 2026

Property Summary

Property Type	Single Family Home
Details	2 bd · 2 ba · 2,436 sqft · built 1996
Lot Size	26.7 acres (1,163,052 sqft)
Owner	Individual Name on File
Last Sale	$275,000 (Dec 2022)
Tax Bill	$5,026 (2026)
Deeds & Mortgages	Dec 2022 Sale & Mortgage Nov 2022 Transfer + 1 more
Flood Zone	Zone X (minimal risk)
APN	`465-0010-01430`

Property Details

APN / Parcel Number

Primary APN	`465-0010-01430`
Alternative APNs	`1141623` `998530`

Interior

Bedrooms	2 Beds
Full Baths	2 Baths
Total Rooms	2 Rooms
Stories	1 Story
Building Area	2,436 sqft Gross Area
1st Floor Area	2,436 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1996
Effective Year Built	Effective 1998
Architectural Style	Rustic
Exterior Material	Logs
Construction Type	Log
Lot Area	1,163,052 sqft (26.7 acres)
Garage Area	1,200 sqft

Exterior Amenities

Porch	Slab
Porch Area	176 sqft
Deck Area	180 sqft
Cabin	612 sqft
Storage Building	64 sqft
Sauna	Sauna

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas

Location & Zoning

Account Number	1141623
Street Address	2045 HIGHWAY 1
City	ELY
State	MN
Zip	55731
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	SE1/4 OF NE1/4, EXCEPT THE EAST 650.00 FEETOF NORTH 910.00 FEET OF SE1/4 OF NE1/4 SERIAL #
Legal Range	12W
Legal Township	62N
Legal Section	10
Legal Subdivision	MORSE TOWN OF
Jurisdiction	ST LOUIS MN
Township / Civil Division	MORSE
Census Block Group	1
Census Block	1063
Census Tract	15401

Owner

Source: St. Louis County records · APN 465-0010-01430

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	Individual Name on File
Mailing Address	PO BOX 32, ELY, MN 55731-0032
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Dec 08, 2022	Warranty Deed, Transfer · Conventional Mortgage FRANDSEN BANK & TRUST
Nov 21, 2022	Intrafamily Transfer, Transfer
Jun 26, 2020	Loan Modification, Mortgage FRANDSEN BK&TR

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Dec 08, 2022 · Amount on Record
Deed Sale	Dec 08, 2022 · Amount on Record
Prior Sale	Nov 04, 2015 · Amount on Record
Deed Document Number	20221458184
Prior Transfer Date	Nov 03, 2022
Prior Transfer Doc	0001456923
Record Updated	Sep 20, 2026

December 2022: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	ST LOUIS MN
Recording Date	Dec 08, 2022
Property Address	2045 HIGHWAY 1, ELY, MN 55731-8215
Document Number	0001458184
Instrument Date	Nov 30, 2022
Instrument	1458184
Transaction Type	Transfer
Record Updated	Oct 02, 2023

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$907.50
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	PO BOX 32, ELY, MN 55731-0032
Investor	Possibly a Property Investor

Mortgage

Document Number	0001458185
Date	Dec 08, 2022
Instrument	1458185

Lender

Name	FRANDSEN BANK & TRUST
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Dec 01, 2052

Interest

Rate Type	Adjustable Rate
Rate	6.33%
Type Change Date	Feb 01, 2028
Change Frequency	3 Years
Min Rate At Change	3.99%
Max Rate At Change	12.3%
Index	3-Year TN
Max Rate	12.3%

November 2022: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	ST LOUIS MN
Recording Date	Nov 21, 2022
Property Address	2045 HIGHWAY 1, ELY, MN 55731-8215
Document Number	0001456923
Instrument Date	Nov 03, 2022
Instrument	1456923
Transaction Type	Transfer
Record Updated	Oct 02, 2023

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	PO BOX 341, ELY, MN 55731-0341

June 2020: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	ST LOUIS MN
Property Address	2041 HIGHWAY 1, ELY, MN 55731-8215
Document Number	00A1389045
Instrument Date	Jun 26, 2020
Transaction Type	Mortgage
Record Updated	Oct 02, 2020
Title Company	NOT AVAILABLE

Transaction

Additional	Multiple Parcels

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	2041 HIGHWAY 1 ELY MN 557318215, ELY, MN 55731-8215

Mortgage

Document Number	00A1389045
Date	Aug 28, 2020
Instrument	A1389045

Lender

Name	FRANDSEN BK&TR
Type	Bank
Address	VIRGINIA, MN 55792

Agreement

Term	60 Months
Due	Aug 27, 2025

Tax Assessment & Valuation

Source: St. Louis County records · Assessment roll updated August 17, 2026 · Last verified August 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	St. Louis County
County Subdivision	Morse Township
Unified School District	Ely Public School District (PK - 12)

Tax Bill & Assessment History

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$5,026.00 (+1.78%) Homeowner's exemption
2025	$4,938.00 (+117.72%) Homeowner's exemption	$650,800 (+15.55%) Land $94,500 Building $556,300	$650,800 (+15.55%) Land $94,500 Building $556,300
2024	$2,268.00 (-54.05%)	$563,200 (+386.36%) Land $88,900 Building $474,300	$563,200 (+386.36%) Land $88,900 Building $474,300
2023	$4,936.00 Homeowner's exemption
2022		$115,800 (-77.16%) Land $35,400 Building $80,400	$115,800 (-77.16%) Land $35,400 Building $80,400
2021		$507,100 Land $86,100 Building $421,000	$507,100 Land $86,100 Building $421,000

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, St. Louis County (27137C), updated March 24, 2025 · FEMA OpenFEMA NFIP redacted claims and policies, census block group 271370154011, refreshed September 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Special Flood Hazard Area	No
Flood Hazard	Minimal
500-Year Floodplain	No
Nearby Flood Policies	2 in force

Wildfire

Wildfire Risk	High above 71% of the US · above 89% of Minnesota
Wildfire Likelihood	About 1 in 481 per year
Exposure	Direct burnable vegetation at the parcel

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Internet Providers

Source: FCC Broadband Data Collection, availability as of December 31, 2025 · Published October 2026 · based on 5 locations within about half a mile of this property, a small sample

Provider	Technology	Download / Upload (Mbps)
Zito West Holding	Fiber	1,000 / 1,000
Treehouse Broadband	Fixed Wireless (unlicensed)	150 / 150
T-Mobile USA	Fixed Wireless	100 / 20

Availability varies by address; speeds are provider-advertised maximums, not measured.

Mobile Coverage

5G and 4G LTE

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