NOT LISTED FOR SALE

2556 Birch Point Rd Unit Lake Vermilion Tower, MN 55790

Estimated Value: $750,000 - $786,110

2 Beds
1 Bath
760 Sq Ft
$1,003/Sq Ft Est. Value

Last Sold May 30, 2014

Last sale price $370,000 $487 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $4,766/month

25 Days on Market

Highlights

  • 250 Feet of Waterfront
  • 1-Story Property
  • Wood Siding
  • 2 Car Detached Garage
  • Space Heater
  • Wood Burning Fireplace

About This Home

As of May 2014

Live the Dream on one of the most prominent lake lots on Vermilion's Birch Point. Gently sloping to lake with 250' of lakeshore with breathtaking southern views. Mature trees of Minnesota's finest species. Modest cabin with 2 bedrooms, wood burning fireplace and lots of memories to be made. Whether you're dream is a secluded cabin or a magnificent lake home... this is the place of endless possibilities.

Last Agent to Sell the Property

Mary Jacobsen

Coldwell Banker Properties North Listed on: 02/15/2014

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,824

Year Built

  • 1940

Lot Details

  • 1.2 Acre Lot
  • Lot Dimensions are 225 x 250
  • 250 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Detached Garage

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 760 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Utilities

  • Space Heater
  • Heating System Uses Oil
  • Private Water Source
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 387-0075-00640

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,824

Year Built

1940

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Classification: NonHomestead
  • Style: SF Seasonal Used
  • Estimated Number of Acres: 1.2
  • Assessment Balance: 19.72
  • Assessments: Yes
  • Construction: Previously Owned
  • Dnr Lake Id Number: 69037800
  • Foundation Size: 760
  • Parcel Number: 387-0075-00640
  • Projected Closed Date: 06/06/2014
  • Stories: 1 Story
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1940

Interior Features

  • Fireplace: Yes
  • Fireplace Type: Wood Burning
  • Total Bedrooms: 2
  • Total Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bathrooms: 1
  • Room 1: Living Room, 15x12, On Level: Main
  • Room 2: Kitchen, 10x10, On Level: Main
  • Room 3: Bedroom, 8x9, On Level: Main
  • Room 4: Bedroom, 9x10, On Level: Main
  • Room 5: Porch, 10x20, On Level: Main
  • Finished Above Grade Sq Ft: 760
  • Total Fin Square Footage: 760
  • Total Square Footage: 760

Exterior Features

  • Waterfront Name: Vermilion
  • Construction Type: Frame/Wood
  • Exterior: Wood
  • Roof: Asphalt Shingles
  • Waterfront: Yes
  • Water Frontage: 250
  • Waterfront Description: Lake

Garage/Parking

  • Garage Type: Detached
  • Garage Capacity: 2

Utilities

  • Fuel: Oil
  • Heat: Space/Wall Heater
  • Sewer: Private
  • Water: Private

Schools

  • School District: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 225 x 250

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2014
Closed on
May 30, 2014
Sold by
Underhill Steven J and Underhill Rose Ann
Bought by
White James and White Carla J
Seller's Agent
Mary Jacobsen
Coldwell Banker Properties North
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$399,000
Sold Price
$370,000
Premium/Discount to List
-$29,000
-7.27%
Current Estimated Value
$762,528

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,528
Avg. Annual Appreciation
6.58%
Original Mortgage
$333,000
Outstanding Balance
$223,301
Interest Rate
4.18%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$539,227
Source: Public Records

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 Buyer Sale Price Title Company
White James $370,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White James $333,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2014 05/30/14 Sold $370,000 -7.3% $487 / Sq Ft
03/12/2014 03/12/14 Pending -- -- --
02/15/2014 02/15/14 For Sale $399,000 -- $525 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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 $8,824 $589,100 $340,000 $249,100
2022 $4,180 $449,000 $289,800 $159,200
2021 $3,972 $395,000 $256,300 $138,700
2020 $3,856 $374,400 $256,300 $118,100
2019 $3,850 $358,100 $253,100 $105,000
2018 $3,564 $357,200 $252,200 $105,000
2017 $3,532 $328,400 $252,300 $76,100
2016 $3,574 $328,400 $252,300 $76,100
2015 $4,182 $340,400 $260,100 $80,300
2014 $4,182 $340,400 $260,100 $80,300
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mary Jacobsen

    Coldwell Banker Properties North

  • N

    Buyer's Agent in 2014

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4580447

REALTOR® Association of Southern Minnesota

APN: 387007500640

Minnesota St Louis County Tower 55790

2556 Birch Point Rd Unit Lake Vermilion, Tower, MN

This home is located at 2556 Birch Point Rd Unit Lake Vermilion, Tower, MN 55790 since 15 February 2014 and is currently estimated at $762,528, approximately $1,003 per square foot. This property was built in 1940. 2556 Birch Point Rd Unit Lake Vermilion is a home located in St. Louis County with nearby schools including Tower-Soudan Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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