3231 Wolf Lake Rd, Ely, MN 55731 Property Records

St. Louis County property record for 3231 Wolf Lake Rd, Ely, MN 55731 · Last verified August 2026

Property Highlights

Property Type	Residential > Single Family > Home
Bedrooms	4 Beds
Bathrooms	2.75 Baths
Year Built	Built 2007
Square Footage	3,209 sqft Gross Area
Lot Size	729,630 sqft (16.7 acres)
Occupancy	Owner Occupied
Last Sale	$3,500,000 (2025)
Tax Bill	$18,158.00 (2026)

Property Details

APN / Parcel Number

Primary APN	`465-0040-05145`
Alternative APNs	`1185982` `799104`

Interior

Bedrooms	4 Beds
Full Baths	2.75 Baths
Partial Baths	1 Partial Baths
Total Rooms	8 Rooms
Building Area	3,209 sqft Gross Area
1st Floor	1,750 sqft 1st Floor
Basement Area	1,762 sqft Basement
Finished Basement	1,762 sqft Finished
Unfinished Basement	234 sqft Unfinished
Stories	2 Stories
Fireplace	Fireplace
Fireplaces	1 Fireplaces

Exterior

Year Built	Built 2007
Effective Year Built	Effective 2007
Exterior Material	Wood Exterior
Construction Type	Frame Construction
Lot Area	729,630 sqft (16.7 acres)
Garage Area	3,816 sqft Garage

Exterior Amenities

Deck Area	48 sqft Deck
Patio Area	520 sqft Patio
Porch Area	52 sqft Porch
Sauna	Sauna

Utilities and HVAC

Cooling System	Central Cooling
Heating System	Central Heating
Heating Fuel	Gas Heating Fuel

Location & Zoning

Account Number	1185982
Street Address	3231 WOLF LAKE RD
City	ELY
State	MN
Zip	55731-8428
Property Usage	Residential Property Usage
Type	Residential > Single Family > Home
Legal Description	THAT PART OF LOT 3 BEG AT SE COR & ASSUMING SBOUNDARY LINE OF GOVT LOT 3 TO BEAR N87DEG42'06"W THENCE RUN N87DEG42'06"W ALONG
Legal Range	13W
Legal Township	63N
Legal Section	32
Legal Subdivision	MORSE TOWN OF
Legal Lot Number	3
Jurisdiction	ST LOUIS MN
Minor Civil Division	MORSE
Census Blockgroup	2
Census Block	2054
Census Tract	15401

Owner

Source: St. Louis County records · APN 465-0040-05145

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	2 Company Names on File
Mailing Address	3231 WOLF LAKE RD, ELY, MN 55731-8428
Occupancy	Owner Occupied
Owner Type	Owner is a Company
Vesting	Owner is a Trust, Trust

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Verified Names on Deed
Last Sale	Sep 05, 2025 · Amount on Record
Deed Sale	Sep 05, 2025 · Amount on Record
Prior Sale	Jul 25, 2003 · Amount on Record
Deed Doc Number	20251517498
Prior Transfer Date	Jul 24, 2009
Prior Transfer Doc	0001115569
Record Refreshed	Sep 20, 2026

September 2025: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	ST LOUIS MN
Recording Date	Sep 05, 2025
Property Address	3231 WOLF LAKE RD, ELY, MN 55731
Document Number	0001517498
Instrument Date	Jul 18, 2025
Instrument	1517498
Transaction Type	Transfer
Record Updated	Oct 06, 2025
Title Company	NORTHEAST FL TITLE LLC, NORTHEAST TITLE LLC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$11,550.00
Amount Accuracy	Rounded Values by County
Additional	Arms Length Transaction

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3231 WOLF LAKE RD, ELY, MN 55731

Mortgage

Document Number	0001517502
Date	Sep 05, 2025
Instrument	1517502

Lender

Name	US BANK NA
Type	Bank

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded
Term	359 Months
Due	Aug 01, 2055

Interest

Rate Type	Adjustable Rate
Rate	5.75%
Type Change Date	Aug 01, 2032
Change Frequency	Annually
Min Rate At Change	2.75%
Max Rate At Change	10.7%
Index	52-Week T-Bill (1-Year)
Max Rate	10.7%

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	$18,158.00 (+12.7%) Homeowner's exemption
2025	$16,112.00 (+8.76%)	$2,205,400 (+49.33%) Land $610,800 Building $1,594,600	$2,205,400 (+49.33%) Land $610,800 Building $1,594,600
2024	$14,814.00	$1,476,900 (+28.68%) Land $515,600 Building $961,300	$1,476,900 (+28.68%) Land $515,600 Building $961,300
2022		$1,147,700 Land $414,000 Building $733,700	$1,147,700 Land $414,000 Building $733,700