$555,000
SOLD MAY 30, 2023

1108 Lagoon Rd Tower, MN 55790

2 Beds
1.5 Baths
2,294 Sq Ft
1.5 Acres

Recently Sold

$242 Per Sq Ft

7% Below List Price

348 Days on Market

Highlights

  • 225 Feet of Waterfront
  • No HOA
  • 1-Story Property
  • Family Room with Fireplace
  • 2 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of May 2023

Lake Vermilion year round home on large lake lot with 225' of frontage and 1.5 acres. This spacious 2 bedroom home features over 2,000 of living space and has many updates including large master bedroom suite with large bath with separate tub and shower, walk-in closet and views of Lake Vermilion. Other features include updated kitchen, enclosed porch, several rec rooms for even more sleeping room, a large mud/work room, sauna and laundry on the main floor and several fireplaces. Also includes attached garage, boathouse, well and septic system. Close to Tower and paved road.

Last Agent to Sell the Property

Julia Maki

BIC Realty Brokerage Email: julia@bicrealty.com

Last Buyer's Agent

Julia Maki

BIC Realty Brokerage Email: julia@bicrealty.com

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,106

Year Built

  • Built in 1970

Lot Details

  • 1.5 Acre Lot
  • Lot Dimensions are 270x230
  • 225 Feet of Waterfront
  • Lake Front
  • Irregular Lot

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,294 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • 2 Fireplaces
  • Living Room with Fireplace

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Natural lighting in basement

Utilities

  • Forced Air Heating and Cooling System
  • Baseboard Heating
  • 100 Amp Service
  • Private Water Source
  • Well
  • Drilled Well

Community Details

  • No Home Owners Association
  • Sacred Heart Of Jesus Beach Gr Subdivision

Listing and Financial Details

  • Assessor Parcel Number 387033000060

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,106

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 2
  • Water Source: Drilled, Private, Well
  • Year Built: 1970
  • Above Grade Finished Sq Ft: 2294
  • Water Body Name: Vermilion
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 30x60
  • Attribution Contact: julia@bicrealty.com
  • Attribution Contact: julia@bicrealty.com
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Partial
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Fireplace Features: Family Room, Living Room
  • Living Area: 2294
  • Fireplace: Yes
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Family Room, Kitchen, Bedroom 1, Bedroom 2

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • View: Panoramic
  • Other Structures: Boat House
  • ConstructionMaterialsDesc: Frame
  • Lake Acres: 39272
  • LakeChain: N
  • Waterfront Frontage: 225

Garage/Parking

  • Parking Features: Attached Garage, Gravel
  • Garage Square Feet: 720

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: Tank with Drainage Field
  • Electric: 100 Amp Service
  • Fuel: Electric,Propane

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: St. Louis County
  • SchoolDistrictNumber: 2142
  • SchoolDistrictPhone: 218-749-8130

Lot Info

  • Topography: Rolling
  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 270x230
  • Lot Size Sq Ft: 65122.2
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 387033000060
  • Tax Annual Amount: 3106
  • TaxWithAssessments: 3106.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2023
Closed on
May 26, 2023
Sold by
Nelson Brian Christopher and Nelson Dana Lee
Bought by
Lanyk Cameron C and Lanyk Susan M
Seller's Agent
Julia Maki
B.I.C. Realty
Buyer's Agent
Julia Maki
B.I.C. Realty
List Price
$615,000
Sold Price
$555,000
Premium/Discount to List
-$60,000
-9.76%
Total Days on Market
348
Views
80
Current Estimated Value
$581,331

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,331
Avg. Annual Appreciation
2.42%
Original Mortgage
$444,000
Outstanding Balance
$407,935
Interest Rate
5.76%
Mortgage Type
New Conventional
Estimated Equity
$173,396

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $555,000 All American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $444,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $555,000 0.0% $242 / Sq Ft
05/30/2023 05/30/23 Sold $555,000 -6.7% $242 / Sq Ft
04/22/2023 04/22/23 Pending -- -- --
02/17/2023 02/17/23 Price Changed $595,000 -3.3% $259 / Sq Ft
01/18/2023 01/18/23 For Sale $615,000 +3.4% $268 / Sq Ft
06/15/2022 06/15/22 For Sale $595,000 -- $259 / Sq Ft
Source: NorthstarMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,022 $516,900 $202,800 $314,100
2022 $3,262 $458,100 $182,300 $275,800
2021 $3,106 $349,000 $143,200 $205,800
2020 $3,164 $331,100 $143,200 $187,900
2019 $3,020 $339,500 $137,700 $201,800
2018 $2,858 $332,400 $130,600 $201,800
2017 $3,066 $313,200 $130,600 $182,600
2016 $3,134 $340,500 $143,000 $197,500
2015 $3,712 $368,000 $153,900 $214,100
2014 $3,717 $368,000 $153,900 $214,100
Source: Public Records

Source: NorthstarMLS

MLS Number: 6220363

NorthstarMLS

APN: 387033000060