2640 Bear Island River Rd, Ely, MN 55731 Property Records

St. Louis County property record for 2640 Bear Island River Rd, Ely, MN 55731

Property Summary

Property Type	Single Family Home
Details	4 bd · 3.25 ba · 1,564 sqft · built 1992
Lot Size	1.46 acres (63,958 sqft)
Owner	Company Name on Record
Last Sale	$3,000 (Feb 2021)
Tax Bill	$9,310 (2026)
Deeds & Mortgages	Mar 2021 Mortgage Feb 2021 Transfer + 1 more
Flood Zone	Zone X (minimal risk)
APN	`625-0026-00210`

Property Details

APN / Parcel Number

Primary APN	`625-0026-00210`
Alternative APN	`1105791`

Interior

Bedrooms	4 Beds
Full Baths	3.25 Baths
Half Baths	1 Half Bath
Total Rooms	4 Rooms
Stories	2 Stories
Building Area	1,564 sqft Gross Area
1st Floor Area	1,180 sqft
Basement Area	885 sqft
Finished Basement	885 sqft
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1992
Effective Year Built	Effective 1992
Architectural Style	Rustic
Exterior Material	Logs
Construction Type	Log
Lot Area	63,958 sqft (1.46 acres)
Garage Area	3,640 sqft
Deck Area	144 sqft
Cabin	135 sqft
Sauna	Sauna

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Gas

Location & Zoning

Account Number	1105791
Street Address	2640 BEAR ISLAND RIVER RD
City	ELY
State	MN
Zip	55731-8309
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	SMU
Legal Description	LOTS 4 & 5, BLOCK 2 SERIAL #
Legal Subdivision	LAHTI LAND FIRST ADD TO
Legal Block	2
Legal Lot Number	4-5
Jurisdiction	ST LOUIS MN
Township / Civil Division	BIRCH LAKE
Census Block Group	2
Census Block	2092
Census Tract	15401

Owner

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

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on Record
Mailing Address	2640 BEAR ISLAND RIVER RD, ELY, MN 55731-8309
Occupancy	Owner Occupied
Owner Type	Company
Vesting	Trust, Family Trust

Deeds, Mortgages & Sale History

Date	Document
Mar 15, 2021	Intrafamily Transfer, Transfer · Conventional Mortgage FRANDSEN BANK & TRUST
Feb 24, 2021	Intrafamily Transfer, Transfer
Apr 11, 2017	Deed of Trust, Mortgage · Line of Credit VENTURE BK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 24, 2021 · Amount on Record
Deed Sale	Feb 24, 2021 · Amount on Record
Prior Sale	Dec 1, 2016 · Amount on Record
Deed Document Number	20211405010
Last Transfer Date	Mar 4, 2021
Transfer Doc	0001406800
Record Updated	Sep 20, 2026

March 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	ST LOUIS MN
Recording Date	Mar 15, 2021
Property Address	2640 BEAR ISLAND RIVER RD, ELY, MN 55731-8309
Document Number	0001406800
Instrument Date	Mar 4, 2021
Instrument	1406800
Transaction Type	Transfer
Record Updated	Jun 7, 2023
Title Company	NORTHEAST TITLE COMPANY

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
Relationship	Family Trust
Address	2640 BEAR ISLAND RIVER RD, ELY, MN 55731-8309

Mortgage

Document Number	0001406802
Date	Mar 15, 2021
Instrument	1406802

Lender

Name	FRANDSEN BANK & TRUST
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	241 Months
Due	Apr 1, 2041

February 2021: Intrafamily Transfer, Transfer

Document Type	Intrafamily Transfer
Jurisdiction	ST LOUIS MN
Recording Date	Feb 24, 2021
Property Address	2640 BEAR ISLAND RIVER RD, ELY, MN 55731-8309
Document Number	0001405010
Instrument Date	Feb 19, 2021
Instrument	1405010
Transaction Type	Transfer
Record Updated	Jun 7, 2023

Transaction

Tax	$0.00
Amount Accuracy	No Consideration Stated
Additional	Intrafamily Transfer Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Family Trust
Address	2640 BEAR ISLAND RIVER RD, ELY, MN 55731-8309

April 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Property Address	2640 BEAR ISLAND RIVER RD, ELY, MN 55731-8309
Document Number	00A1307937
Instrument Date	Apr 11, 2017
Transaction Type	Mortgage
Record Updated	May 18, 2017

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Personal Trust
Address	2640 BEAR ISLAND RIVER RD ELY MN 557318309, ELY, MN 55731-8309

Mortgage

Document Number	00A1307937
Date	Apr 25, 2017
Instrument	A1307937

Lender

Name	VENTURE BK
Type	Bank
Address	EAGAN, MN 55121

Agreement

Type	Line of Credit
Amount	Amount Recorded

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	$9,310.00 (-0.28%) Homeowner's exemption
2025	$9,336.00 (+27.09%) Homeowner's exemption	$843,600 (-1.33%) Land $286,500 Building $557,100	$843,600 (-1.33%) Land $286,500 Building $557,100
2024	$7,346.00	$855,000 (+41.84%) Land $286,500 Building $568,500	$855,000 (+41.84%) Land $286,500 Building $568,500
2022		$602,800 Land $209,500 Building $393,300	$602,800 Land $209,500 Building $393,300

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
Nearest Special Flood Hazard Area	Zone A, within 500 ft
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 45% of the US · above 74% of Minnesota
Wildfire Likelihood	0.06% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

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 33 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Zito Media Fiber	1,000 / 1,000

Cell Coverage

5G (outdoors only) and 4G LTE

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