Lake County property record for 540 Lp Rd, Ely, MN 55731 · Last verified April 2026
| Property Type | Residential > Single Family > Home |
|---|---|
| Bedrooms | 2 Beds |
| Bathrooms | 1 Baths |
| Year Built | Built 2005 |
| Square Footage | 816 sqft Gross Area |
| Lot Size | 114,127 sqft (2.62 acres) |
| Garage | 440 sqft |
| Last Sale | $709,000 (2026) |
| Tax Bill | $2,700.00 (2025) |
| Primary APN | 28-6311-33337 |
|---|
| Bedrooms | 2 Beds |
|---|---|
| Full Baths | 1 Baths |
| Building Area | 816 sqft Gross Area |
| 1st Floor | 816 sqft 1st Floor |
| Stories | 1 Stories |
| Utility Area | 140 sqft Utility Area |
| Primary Flooring | Wood Flooring |
| Interior Structure | Wood Interior Structure |
| Fireplace | Fireplace |
| Fireplaces | 1 Fireplaces |
| Year Built | Built 2005 |
|---|---|
| Effective Year Built | Effective 2005 |
| Architectural Style | A-Frame Style |
| Exterior Material | Logs Exterior |
| Construction Type | Log Construction |
| Roof Material | Wood Roof |
| Lot Area | 114,127 sqft (2.62 acres) |
| Parking Spaces | 2 Parking Spaces |
| Garage Area | 440 sqft Garage |
| Pool Type | Pool with Hot Tub/Spa Pool Type |
|---|---|
| Deck Area | 224 sqft Deck |
| Porch Area | 40 sqft Porch |
| Sauna | Sauna |
| Cooling System | Central Cooling |
|---|---|
| Heating System | Central Heating |
| Heating Fuel | Gas Heating Fuel |
| Street Address | 540 LOOP RD |
|---|---|
| City | ELY |
| State | MN |
| Zip | 55731-8273 |
| Property Usage | Residential Property Usage |
| Type | Residential > Single Family > Home |
| Legal Description | 2.62 ACRES OUT OF LOT 2 (PARCEL F) AS DESC IN |
| Legal Range | 11W |
| Legal Township | 63N |
| Legal Section | 33 |
| Legal Lot Number | 2 |
| Jurisdiction | LAKE MN |
| Minor Civil Division | FALL LAKE |
| Census Blockgroup | 1 |
| Census Block | 1103 |
| Census Tract | 370101 |
Source: Lake County records · APN 28-6311-33337
Assessment roll updated August 25, 2025 · Last verified April 2026
Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.
| Owner of Record | 2 Individual Names on File |
|---|---|
| Mailing Address | 7000 110TH AVE NW, BYRON, MN 55920-4006 |
| Owner Type | Owner is an Individual, Couple or Unincorporated Entity |
| Date | Document |
|---|---|
| Nov 15, 2005 | Deed of Trust, Mortgage · Conventional Mortgage STEARNS BANK NA |
| Mar 25, 2013 | Deed of Trust, Mortgage · Conventional Mortgage CITIBANK NA |
| Mar 09, 2026 | Trustee's Deed, Foreclosure · Conventional Mortgage BETTER MORTGAGE CORPORATION |
| Dec 02, 2021 | Quit Claim Deed, Transfer Quitclaim Document |
| Feb 05, 2021 | Warranty Deed, Transfer · Stand Alone First Mortgage FRANDSEN B&T |
| Deed Names | 2 Verified Names on Deed |
|---|---|
| Last Sale | Feb 03, 2026 · Amount on Record |
| Deed Sale | Feb 03, 2026 · Amount on Record |
| Prior Sale | Feb 05, 2021 · Amount on Record |
| Deed Doc Number | 20261847614 |
| Prior Transfer Date | Nov 29, 2021 |
| Prior Transfer Doc | 00T070/101 |
| Record Refreshed | Jun 08, 2026 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | LAKE MN |
| Property Address | 540 LOOP RD, ELY, MN 55731-8273 |
| Transaction Type | Mortgage |
| Record Updated | Mar 31, 2026 |
| Name | Verified Name |
|---|
| Document Number | T000034405 |
|---|---|
| Date | Nov 15, 2005 |
| Instrument | T000034405 |
| Name | STEARNS BANK NA |
|---|---|
| Type | Bank |
| Address | SAINT CLOUD, MN 56301 |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 361 Months |
| Due | Dec 01, 2035 |
| Document Type | Deed of Trust |
|---|---|
| Jurisdiction | LAKE MN |
| Property Address | 540 LOOP RD, ELY, MN 55731-8273 |
| Transaction Type | Mortgage |
| Record Updated | Mar 31, 2026 |
| Name | Verified Name |
|---|
| Document Number | T000041146 |
|---|---|
| Date | Mar 25, 2013 |
| Instrument | T000041146 |
| Name | CITIBANK NA |
|---|---|
| Type | Bank |
| Address | O FALLON, MO 63368 |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 181 Months |
| Due | Apr 01, 2028 |
| Document Type | Trustee's Deed |
|---|---|
| Jurisdiction | LAKE MN |
| Recording Date | Mar 09, 2026 |
| Property Address | 540 LOOP RD, ELY, MN 55731-8273 |
| Document Number | 00T075/146 |
| Book / Page | T075 / 146 |
| Instrument Date | Feb 03, 2026 |
| Instrument | T000051871 |
| Transaction Type | Foreclosure |
| Record Updated | Mar 31, 2026 |
| Tax | $0.00 |
|---|---|
| Amount Accuracy | Zero or No Consideration Stated |
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Joint Tenants |
| Address | 7000 110TH AVE NW, BYRON, MN 55920-4006 |
| Document Number | T000051872 |
|---|---|
| Date | Mar 09, 2026 |
| Instrument | T000051872 |
| Name | BETTER MORTGAGE CORPORATION |
|---|---|
| Type | Mortgage Company |
| Type | Conventional Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 360 Months |
| Due | Mar 01, 2056 |
| Document Type | Quit Claim Deed |
|---|---|
| Jurisdiction | LAKE MN |
| Recording Date | Dec 02, 2021 |
| Property Address | 540 LOOP RD, ELY, MN 55731-8273 |
| Document Number | 00T070/101 |
| Book / Page | T070 / 101 |
| Instrument Date | Nov 29, 2021 |
| Instrument | T000048491 |
| Transaction Type | Transfer |
| Record Updated | Dec 23, 2021 |
| Amount | Amount Recorded |
|---|---|
| Tax | $0.00 |
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|
| Document Type | Warranty Deed |
|---|---|
| Jurisdiction | LAKE MN |
| Recording Date | Feb 05, 2021 |
| Property Address | 540 LOOP RD, ELY, MN 55731-8273 |
| Document Number | T000047497 |
| Instrument Date | Jan 30, 2021 |
| Instrument | T000047497 |
| Transaction Type | Transfer |
| Record Updated | Aug 24, 2021 |
| Amount | Amount Recorded |
|---|---|
| Downpayment | Downpayment on File |
| Loan-to-Value (LTV) | LTV on Record |
| Tax | $0.00 |
| Amount Accuracy | Full Amount Stated |
| Additional |
|
| Name | Verified Name |
|---|
| Name | Verified Name |
|---|---|
| Relationship | Tenants In Common |
| Address | 1361 JEFFERSON ST, HASTINGS, MN 55033-1080 |
| Investor | Possibly a Property Investor |
| Document Number | T000047498 |
|---|---|
| Date | Feb 05, 2021 |
| Instrument | T000047498 |
| Name | FRANDSEN B&T |
|---|
| Type | Stand Alone First Mortgage |
|---|---|
| Amount | Amount Recorded |
| Term | 181 Months |
| Due | Mar 01, 2036 |
Source: Lake County records · Assessment roll updated August 25, 2025 · Last verified April 2026
| Type | Name |
|---|---|
| State | Minnesota |
| County | Lake County |
| County Subdivision | Fall Lake Township |
| Unified School District | Lake Superior Public School District (PK - 12) |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2025 | $2,700.00 | $483,000 (+0.98%) Land $144,000 Building $339,000 | $483,000 (+0.98%) Land $144,000 Building $339,000 |
| 2023 | $478,300 Land $135,800 Building $342,500 | $478,300 Land $135,800 Building $342,500 |
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