5498 Ely Island S, Tower, MN 55790 Property Records

St. Louis County property record for 5498 Ely Island S, Tower, MN 55790

Property Summary

Property Type	Seasonal / Vacation Home
Details	3 bd · 1 ba · 1,750 sqft · built 1989
Lot Size	4 acres (174,240 sqft)
Owner	Company Name on Record
Last Sale	$155,000 (Oct 2011)
Tax Bill	$4,606 (2026)
Deeds & Mortgages	Aug 2026 Line of Credit Aug 2020 Mortgage + 2 more
Flood Zone	Zone X (minimal risk)
APN	`270-0020-01445`

Property Details

APN / Parcel Number

Primary APN	`270-0020-01445`
Alternative APN	`924219`

Interior

Bedrooms	3 Beds
Full Baths	1 Bath
Total Rooms	3 Rooms
Stories	1 Story
Building Area	1,750 sqft Gross Area
1st Floor Area	1,750 sqft

Exterior

Year Built	Built 1989
Effective Year Built	Effective 1989
Architectural Style	Custom Design
Exterior Material	Aluminum/Vinyl
Construction Type	Frame
Lot Area	174,240 sqft (4 acres)

Exterior Amenities

Porch	Slab
Porch Area	6 sqft
Deck Area	48 sqft
Sauna	Sauna

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Heating Fuel	Electric

Location & Zoning

Account Number	924219
Street Address	5498 ELY IS S
City	TOWER
State	MN
Zip	55790
Property Category	Residential
Property Type	Residential > Specialized > Seasonal / Vacation Home
Legal Description	ELY 200 FT OF WLY 400 FT OF LOT 5 SERIAL #
Legal Range	15W
Legal Township	62N
Legal Section	16
Legal Subdivision	BREITUNG TOWN OF
Legal Lot Number	5
Jurisdiction	ST LOUIS MN
Township / Civil Division	BREITUNG
Census Block Group	2
Census Block	2004
Census Tract	15402

Owner

Source: St. Louis County records, as of August 17, 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	14187 308TH AVE NW, PRINCETON, MN 55371-3738
Owner Type	Company
Vesting	Trust, Family Trust

Deeds, Mortgages & Sale History

Date	Document
Aug 28, 2026	Deed of Trust, Mortgage · Line of Credit OLD NATIONAL BANK
Aug 31, 2020	Deed of Trust, Mortgage LAKE AREA MTG
Oct 19, 2017	Loan Modification, Mortgage FRANDSEN BK&TR
Jan 6, 2017	Trustee's Deed, Construction Loan · Line of Credit FRANDSEN BK&TR

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Oct 13, 2011 · Amount on Record
Deed Sale	Oct 13, 2011 · Amount on Record
Deed Document Number	201171582
Last Transfer Date	Dec 29, 2014
Transfer Doc	0001253426
Record Updated	Oct 29, 2026

August 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Recording Date	Aug 28, 2026
Property Address	5498 ELY IS S, TOWER, MN 55790
Document Number	0001539504
Instrument Date	Aug 18, 2026
Instrument	20261539504
Transaction Type	Mortgage
Record Updated	Sep 11, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Family Trust, 221
Address	14187 308TH AVE NW, PRINCETON, MN 55371-3738

Mortgage

Document Number	0001539504,
Date	Aug 28, 2026
Instrument	20261539504

Lender

Name	OLD NATIONAL BANK

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	360 Months
Due	Aug 25, 2056

Interest

Rate Type	Adjustable Rate
Initial Type	Adjustable Rate
Adjustable	Adjustable Rate Rider
Max Rate	-1%

August 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	ST LOUIS MN
Property Address	5498 ELY IS S, TOWER, MN 55790
Document Number	00A1394820
Instrument Date	Aug 31, 2020
Transaction Type	Mortgage
Record Updated	Dec 2, 2020
Title Company	NOT AVAILABLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Personal Trust
Address	5498 ELY IS S TOWER MN 55790, TOWER, MN 55790

Mortgage

Document Number	00A1394820
Date	Nov 2, 2020
Instrument	A1394820

Lender

Name	LAKE AREA MTG
Type	Mortgage Company
Address	SHOREVIEW, MN 55126

Agreement

Amount	Amount Recorded
Term	360 Months
Due	Nov 1, 2050

October 2017: Loan Modification, Mortgage

Document Type	Loan Modification
Jurisdiction	ST LOUIS MN
Property Address	5498 ELY IS S, TOWER, MN 55790
Document Number	00A1321762
Instrument Date	Oct 19, 2017
Transaction Type	Mortgage
Record Updated	Nov 24, 2017

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Personal Trust
Address	5498 ELY IS S TOWER MN 55790, TOWER, MN 55790

Mortgage

Document Number	00A1321762
Date	Nov 8, 2017
Instrument	A1321762

Lender

Name	FRANDSEN BK&TR
Type	Bank
Address	FOLEY, MN 56329

Agreement

Amount	Amount Recorded
Term	360 Months
Due	Nov 7, 2047

Interest

Rate	5.04%

January 2017: Trustee's Deed, Construction Loan

Document Type	Trustee's Deed
Jurisdiction	ST LOUIS MN
Recording Date	Jan 6, 2017
Property Address	5498 ELY IS S, TOWER, MN 55790
Instrument Date	Dec 30, 2016
Instrument	A1301683
Transaction Type	Construction Loan
Record Updated	Jan 17, 2017
Title Company	QUDARY TITLE, QUARRY TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Personal Trust
Address	5498 ELY IS S TOWER MN 55790, TOWER, MN 55790

Mortgage

Document Number	00A1301683
Date	Jan 6, 2017
Instrument	A1301683

Lender

Name	FRANDSEN BK&TR
Type	Bank
Address	FOLEY, MN 56329

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	12 Months
Due	Jan 5, 2018

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
County Subdivision	Breitung Township
Unified School District	St. Louis County School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$4,606.00 (+40.77%)
2025	$3,272.00 (+13.61%)	$453,400 (+63.27%) Land $117,600 Building $335,800	$453,400 (+63.27%) Land $117,600 Building $335,800
2024	$2,880.00	$277,700 (+15.76%) Land $103,800 Building $173,900	$277,700 (+15.76%) Land $103,800 Building $173,900
2022		$239,900 Land $87,800 Building $152,100	$239,900 Land $87,800 Building $152,100

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

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

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	Low lower than 80% of the US · lower than 60% of Minnesota
Wildfire Likelihood	0.02% 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 9 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Starlink Satellite	280 / 30
T-Mobile Fixed Wireless	100 / 20

May also be available: Verizon.

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