$670,000
SOLD NOV 22, 2024

1583 McKinley Park Acres Rd Tower, MN 55790

2 Beds
4 Baths
1,934 Sq Ft
1.3 Acres

Recently Sold

$346 Per Sq Ft

5% Below List Price

166 Days on Market

About This Home

As of November 2024

Don't miss the opportunity to make this dreamy 1.3-acre Lake Vermilion waterfront escape your own. This meticulously crafted lakeside gem, nestled on the shores of Lake Vermilion with 231 ft of shoreline, offers a rare blend of casual sophistication and comforting tranquility. Expansive windows framing the picturesque lake views flood the space with natural light. Gourmet haven with hickory cabinets, sleek granite countertops, central island, and state-of-the-art appliances. Open-plan living area with a cozy fireplace or unwind in the spacious bedrooms for a restful retreat from daily life. The lower-level features walk-out access to the lake's edge. Head out to the covered patio and enjoy your morning coffee in the harmony of nature or take relax in the sauna after a long day. The property's private dock invites you to take to the waters at your leisure let's not forget the boat house! Close amenities: golfing, dining, and a casino guarantees a fulfilling lakeside lifestyle.

Last Agent to Sell the Property

Andrea Zupancich

z' Up North Realty License #40149923 Listed on: 04/14/2024

Last Buyer's Agent

David Culbert

Culbert Realty License #40160489

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2024
Closed on
Nov 21, 2024
Sold by
Lemke Terri
Bought by
Weidner Robert and Weidner Maureen
Seller's Agent
Andrea Zupancich
z' Up North Realty
Buyer's Agent
David Culbert
Culbert Realty
List Price
$703,500
Sold Price
$670,000
Premium/Discount to List
-$33,500
-4.76%
Views
136
Current Estimated Value
$678,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,960
Avg. Annual Appreciation
2.20%
Original Mortgage
$420,000
Outstanding Balance
$418,415
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$260,545

Purchase Details

Listed on
May 21, 2019
Closed on
Apr 17, 2020
Sold by
Honkola Harold M and Honkola Judith M
Bought by
Lemke Terri S and Terri S Lemke Revocable Trust
Seller's Agent
Lisa Janisch
Janisch Realty Inc.
Buyer's Agent
Lisa Janisch
Janisch Realty Inc.
List Price
$504,750
Sold Price
$504,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%

Purchase Details

Closed on
Dec 12, 2017
Sold by
Honkola Harold M and Honkola Judith M
Bought by
Honkola Harold M and Honkola Judith M

Purchase Details

Closed on
Dec 28, 2007
Sold by
Honkola Harold M and Honkola Judith M
Bought by
The Harold M Honkola & Judith M Honkola
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Deed $670,000 --
Warranty Deed $504,751 None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $188,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $187,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $670,000 -4.8% $346 / Sq Ft
11/14/2024 11/14/24 For Sale $703,500 0.0% $364 / Sq Ft
10/31/2024 10/31/24 Off Market $703,500 -- --
09/27/2024 09/27/24 Pending -- -- --
07/11/2024 07/11/24 For Sale $703,500 0.0% $364 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/04/2024 06/04/24 Price Changed $703,500 -0.9% $364 / Sq Ft
05/12/2024 05/12/24 Price Changed $709,900 -89.9% $367 / Sq Ft
05/12/2024 05/12/24 Price Changed $7,019,900 +868.3% $3,630 / Sq Ft
04/14/2024 04/14/24 For Sale $725,000 +43.6% $375 / Sq Ft
04/17/2020 04/17/20 Sold $504,750 0.0% $258 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
05/21/2019 05/21/19 For Sale $504,750 -- $258 / Sq Ft
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $6,904 $601,500 $322,700 $278,800
2022 $7,384 $575,100 $309,000 $266,100
2021 $6,232 $482,600 $263,400 $219,200
2020 $5,702 $472,400 $263,400 $209,000
2019 $5,156 $426,500 $231,000 $195,500
2018 $4,966 $406,200 $210,700 $195,500
2017 $4,934 $387,200 $210,700 $176,500
2016 $4,970 $387,200 $210,700 $176,500
2015 $4,830 $364,300 $209,200 $155,100
2014 $4,830 $364,300 $209,200 $155,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 146516

Range Association of REALTORS®

APN: 270008400280