2232 Bear Island River Rd, Ely, MN 55731 Property Records

St. Louis County property record for 2232 Bear Island River Rd, Ely, MN 55731

Property Summary

Property Type	Residential Multi-Family (5+ Units)
Details	2 bd · 1 ba · 1,902 sqft · built 2007
Lot Size	9 acres (392,040 sqft)
Owner	Individual Name on Record
Last Sale	$99,900 (May 2010)
Tax Bill	$2,430 (2026)
Deeds & Mortgages	Dec 2025 Mortgage Nov 2021 Line of Credit + 3 more
Flood Zone	Zone X (minimal risk)
APN	`610-0010-00791`

Property Details

APN / Parcel Number

Primary APN	`610-0010-00791`
Alternative APN	`998904`

Interior

Bedrooms	2 Beds
Full Baths	1 Bath
Half Baths	1 Half Bath
Total Rooms	4 Rooms
Stories	1 Story
Building Area	1,902 sqft Gross Area
1st Floor Area	1,722 sqft

Exterior

Year Built	Built 2007
Effective Year Built	Effective 2007
Architectural Style	Rustic
Exterior Material	Wood
Construction Type	Frame
Foundation Type	Stone
Lot Area	392,040 sqft (9 acres)
Garage Area	1,176 sqft

Exterior Amenities

Porch	Slab
Porch Area	148 sqft
Deck Area	28 sqft
Storage Building	70 sqft
Sauna	Sauna

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas

Location & Zoning

Account Number	998904
Street Address	2232 BEAR ISLAND RIVER RD
City	ELY
State	MN
Zip	55731-8490
Property Category	Residential
Property Type	Residential > Multi-Unit > Residential Multi-Family (5+ Units)
Local Zoning Code	FAM
Legal Description	THAT PART OF GOVT LOT 1 DESC AS ASSUMING NLINE OF SAID LOT 1 TO BEAR S89DEG44'28"E &FROM NW COR OF LOT 1 AS PT OF BEG BEING
Legal Range	12W
Legal Township	61N
Legal Section	06
Legal Lot Number	1,373
Jurisdiction	ST LOUIS MN
Township / Civil Division	BIRCH LAKE
Census Block Group	2
Census Block	2093
Census Tract	15401

Owner

Source: St. Louis County records, as of October 20, 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 Record
Mailing Address	2232 BEAR ISLAND RIVER RD, ELY, MN 55731-8490
Occupancy	Owner Occupied
Owner Type	Individual

Deeds, Mortgages & Sale History

Date	Document
Dec 3, 2025	Deed of Trust, Mortgage · Conventional Mortgage FRANDSEN BANK & TRUST
Nov 2, 2021	Deed of Trust, Mortgage · Line of Credit FRANDSEN BANK & TRUST
Aug 15, 2024	Deed of Trust, Mortgage · Conventional Mortgage FRANDSEN BANK & TRUST
Aug 30, 2019	Quit Claim Deed, Transfer ATTORNEY ONLY
Apr 24, 2019	Deed of Trust, Mortgage · Line of Credit NORTHVIEW BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 20, 2010 · Amount on Record
Deed Sale	May 20, 2010 · Amount on Record
Deed Document Number	20101135163
Prior Transfer Date	Jan 28, 2008
Prior Transfer Doc	0001095717
Record Updated	Oct 29, 2026

December 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Property Address	2232 BEAR ISLAND RIVER RD, ELY, MN 55731-8490
Transaction Type	Mortgage
Record Updated	Dec 25, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0001523337
Date	Dec 3, 2025
Instrument	1523337

Lender

Name	FRANDSEN BANK & TRUST
Type	Bank
Address	SAINT PAUL, MN 55112

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Dec 1, 2055

Interest

Rate Type	Adjustable Rate
Rate	6.96%
Type Change Date	Feb 1, 2031
Change Frequency	3 Years
Min Rate At Change	6.99%
Max Rate At Change	12.9%
Index	3-Year TN
Max Rate	12.9%

November 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Property Address	2232 BEAR ISLAND RIVER RD, ELY, MN 55731-8490
Transaction Type	Mortgage
Record Updated	Oct 21, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0001428921
Date	Nov 2, 2021
Instrument	1428921

Lender

Name	FRANDSEN BANK & TRUST
Type	Bank
Address	ELY, MN 55731

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	59 Months
Due	Oct 25, 2026

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

August 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Property Address	2232 BEAR ISLAND RIVER RD, ELY, MN 55731-8490
Transaction Type	Mortgage
Record Updated	Oct 21, 2025

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	29864 SPORTSMAN DR, CHISAGO CITY, MN 55013-9568

Mortgage

Document Number	0001493616
Date	Aug 15, 2024
Instrument	1493616

Lender

Name	FRANDSEN BANK & TRUST
Type	Bank
Address	SAINT PAUL, MN 55112

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	11 Months
Due	Jul 13, 2025

August 2019: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	ST LOUIS MN
Recording Date	Aug 30, 2019
Property Address	2232 BEAR ISLAND RIVER RD, ELY, MN 55731
Document Number	00A1362277
Instrument Date	Aug 8, 2019
Instrument	A1362277
Transaction Type	Transfer
Record Updated	Dec 2, 2019
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Quitclaim

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Tenants in Common
Address	19639 SAINT CROIX RD SE PINE CITY MN 550634416, PINE CITY, MN 55063-4416

April 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Property Address	2232 BEAR ISLAND RIVER RD, ELY, MN 55731
Document Number	00A1353771
Instrument Date	Apr 24, 2019
Transaction Type	Mortgage
Record Updated	May 3, 2019
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Married Couple
Address	2232 BEAR ISLAND RIVER RD ELY MN 55731, ELY, MN 55731

Mortgage

Document Number	00A1353771
Date	Apr 25, 2019
Instrument	A1353771

Lender

Name	NORTHVIEW BK
Type	Bank
Address	FINLAYSON, MN 55735

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	120 Months
Due	Apr 24, 2029

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: St. Louis County assessment roll, as of August 17, 2026

Property Jurisdictions

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

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$2,430.00 (+15.17%) Homeowner's exemption
2025	$2,110.00 (+23.25%)	$383,100 (+91.36%) Land $59,400 Building $323,700	$383,100 (+91.36%) Land $59,400 Building $323,700
2024	$1,712.00	$200,200 (+59.65%) Land $59,400 Building $140,800	$200,200 (+59.65%) Land $59,400 Building $140,800
2022		$125,400 Land $49,400 Building $76,000	$125,400 Land $49,400 Building $76,000

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective March 24, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	4 in force

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.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 57% of the US · above 83% of Minnesota
Wildfire Likelihood	0.1% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 2 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Zito Media Fiber	1,000 / 1,000
Starlink Satellite	280 / 30

Cell Coverage

4G LTE (outdoors only), no 5G reported

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