2531 Leo Ln, Ely, MN 55731 Property Records

Lake County property record for 2531 Leo Ln, Ely, MN 55731

Property Summary

Property Type	Single Family Home
Details	3 bd · 2 ba · 1,287 sqft · built 1997
Lot Size	1.1 acres (47,916 sqft)
Owner	Company Name on Record
Tax Bill	$7,404 (2025)
Deeds & Mortgages	Oct 2022 Sale Jun 2020 Refinance
APN	`28-6451-31040`

Property Details

APN / Parcel Number

Primary APN	`28-6451-31040`

Interior

Bedrooms	3 Beds
Full Baths	2 Baths
Stories	1 Story
Building Area	1,287 sqft Gross Area
1st Floor Area	1,287 sqft
Flooring	Wood
Interior Walls	Wood
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1997
Effective Year Built	Effective 2002
Architectural Style	Rustic
Exterior Material	Logs
Construction Type	Log
Roof Material	Wood
Lot Area	47,916 sqft (1.1 acres)
Garage Type	Mixed
Garage Area	375 sqft
Parking Spaces	2 Parking Spaces

Exterior Amenities

Pool Type	Pool with Hot Tub/Spa
Porch	Slab
Porch Area	316 sqft
Deck Area	48 sqft
Sauna	Sauna

Utilities, Heating & Cooling

Cooling System	HVAC
Heating Fuel	Electric

Location & Zoning

Street Address	2531 LEO LN
City	ELY
State	MN
Zip	55731-8299
Property Category	Residential
Property Type	Residential > Single Family > Home
Legal Description	LOT 4 OF LOT 3
Legal Range	09W
Legal Township	64N
Legal Section	31
Legal Subdivision	CANADIAN BORDER
Legal Lot Number	4,3
Jurisdiction	LAKE MN
Township / Civil Division	FALL LAKE
Census Block Group	1
Census Block	1176
Census Tract	370101

Owner

Source: Lake County records, as of August 6, 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 Record
Mailing Address	29216 OLD TOWNE RD, CHISAGO CITY, MN 55013-9400
Owner Type	Company
Vesting	Trust, Revocable Trust

Deeds, Mortgages & Sale History

Date	Document
Oct 20, 2022	Quit Claim Deed, Transfer Quitclaim
Jun 12, 2020	Deed of Trust, Mortgage · Stand-Alone Refinance THINK MUTUAL BANK

Assessor's Deed Record

Deed Names	Name on Deed
Record Updated	Sep 20, 2026

October 2022: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	LAKE MN
Recording Date	Oct 20, 2022
Property Address	2531 LEO LN, ELY, MN 55731-8299
Document Number	00T071/139
Book / Page	T071 / 139
Instrument Date	Oct 19, 2022
Instrument	T000049290
Transaction Type	Transfer
Record Updated	Nov 9, 2022

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Revocable Trust
Address	29216 OLD TOWNE RD, CHISAGO CITY, MN 55013-9400

June 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	LAKE MN
Property Address	2531 LEO LN, ELY, MN 55731-8299
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	T000046684
Date	Jun 12, 2020
Instrument	T000046684

Lender

Name	THINK MUTUAL BANK

Agreement

Type	Stand-Alone Refinance
Amount	Amount Recorded
Term	241 Months
Due	Jul 1, 2040

Tax Assessment & Valuation

Source: Lake County assessment roll, as of August 6, 2026

Property Jurisdictions

Type	Name
State	Minnesota
County	Lake County
County Subdivision	Fall Lake Township
Unified School District	Lake Superior Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$1,086,300 (+21.18%) Land $220,900 Building $865,400	$1,086,300 (+21.18%) Land $220,900 Building $865,400
2025	$7,404.00
2023		$896,400 Land $161,900 Building $734,500	$896,400 Land $161,900 Building $734,500

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

FEMA Flood Zone	Not on file

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

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

Wildfire Risk	Moderate above 55% of the US · above 81% of Minnesota
Wildfire Likelihood	0.1% annual chance
Exposure	None beyond ember reach

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 13 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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