Seller's Agent in 2023
Barbara Hegg
Vermilion Land Office, Inc.
(218) 742-2369
221 Total Sales
Estimated Value: $728,154 - $758,000
3
Beds
2.5
Baths
2,646
Sq Ft
$280/Sq Ft
Est. Value
Highlights
- 130 Feet of Waterfront
- Deck
- Den
- Beach Access
- No HOA
- 2 Car Attached Garage
About This Home
As of November 2023Welcome to your Lake Vermilion escape! Nestled in the heart of nature, this rustic 3+BR, 3 BA timeless lodge-style home offers everything you desire for a serene and comfortable life by the water. With its warm knotty pine interior, vaulted ceilings, stone wood-burning fireplace, Master bedroom with private bath, spacious bedrooms, custom pine cabinets, cedar siding, and breathtaking lake views. Attached 2 stall garage, lakeside deck, towering pines,130' of lakeshore, lift-up dock and privacy, this property creates the perfect family and friends get-away. Furnishings included.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,159
Year Built
- Built in 2004
Lot Details
- 1.01 Acre Lot
- Lot Dimensions are 295x214
- 130 Feet of Waterfront
- Lake Front
Parking
- 2 Car Attached Garage
Home Design
- Wood Foundation
Interior Spaces
- 1-Story Property
- Wood Burning Fireplace
- Combination Dining and Living Room
- Den
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Outdoor Features
- Beach Access
- Deck
Utilities
- Forced Air Heating System
- Propane
- Private Water Source
- Drilled Well
Community Details
- No Home Owners Association
- Sylvan Park Town Of Greenwood Subdivision
Listing and Financial Details
- Assessor Parcel Number 387038500160
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 25, 2023
Closed on
Nov 17, 2023
Sold by
Olds Ted and Olds Susan
Bought by
Patten James and Patten Anne
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc.
Buyer's Agent
Steve Amundson
Property Brokers of Minnesota
List Price
$739,500
Sold Price
$700,000
Premium/Discount to List
-$39,500
-5.34%
Total Days on Market
46
Views
115
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,539
Avg. Annual Appreciation
4.00%
Original Mortgage
$693,000
Outstanding Balance
$684,357
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$57,182
Purchase Details
Listed on
Sep 25, 2023
Closed on
Nov 13, 2023
Sold by
Olds Ted W and Olds Susan Kay
Bought by
Patti James P and Patten Anne P
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc.
Buyer's Agent
Steve Amundson
Property Brokers of Minnesota
List Price
$739,500
Sold Price
$700,000
Premium/Discount to List
-$39,500
-5.34%
Views
115
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$693,000
Outstanding Balance
$684,357
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$57,182
Purchase Details
Closed on
Oct 26, 2005
Sold by
Koestering Janet L and Koestering James H
Bought by
Olds Ted W and Olds Susan Kay
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$508,000
Interest Rate
5.89%
Mortgage Type
Fannie Mae Freddie Mac
Purchase Details
Closed on
Oct 26, 2004
Sold by
Koestering Janet L and Koestering James H
Bought by
Cade Joseph R
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patten James | $700,000 | -- | |
| Patti James P | $700,000 | None Listed On Document | |
| Olds Ted W | $677,500 | -- | |
| Cade Joseph R | $675,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patten James | $693,000 | |
| Closed | Patti James P | $560,000 | |
| Previous Owner | Olds Ted W | $417,000 | |
| Previous Owner | Olds Ted W | $508,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/17/2023 11/17/23 | Sold | $700,000 | -5.3% | $265 / Sq Ft |
| 10/01/2023 10/01/23 | For Sale | $739,500 | -- | $279 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $4,312 | $502,800 | $162,800 | $340,000 |
| 2022 | $4,456 | $460,000 | $151,800 | $308,200 |
| 2021 | $4,086 | $421,300 | $140,700 | $280,600 |
| 2020 | $3,934 | $385,100 | $140,700 | $244,400 |
| 2019 | $3,922 | $365,400 | $135,100 | $230,300 |
| 2018 | $3,736 | $363,900 | $133,600 | $230,300 |
| 2017 | $3,622 | $340,400 | $133,700 | $206,700 |
| 2016 | $3,708 | $340,400 | $133,700 | $206,700 |
| 2015 | $4,736 | $375,200 | $136,700 | $238,500 |
| 2014 | $4,736 | $384,600 | $136,700 | $247,900 |
Source: Public Records
Agents Affiliated with this Home
-
Barbara Hegg
-
Steve Amundson
S
Buyer's Agent in 2023
Steve Amundson
Property Brokers of Minnesota
(218) 780-5941
58 Total Sales
Map
Similar Homes in Tower, MN
Source: NorthstarMLS
MLS Number: 6439455
APN: 387038500160
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