NOT LISTED FOR SALE

5184 Echo Point Rd Tower, MN 55790

Estimated Value: $454,000 - $700,000

3 Beds
2 Baths
1,508 Sq Ft
$385/Sq Ft Est. Value

Last Sold December 18, 2015

Last sale price $350,000 $232 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,474/month

Highlights

  • Patio
  • Wood Burning Fireplace
  • Heating Available
  • Central Air

About This Home

As of December 2015

Warm and sunny with southern exposure, this Lake Vermilion property is what you've been searching. Year round 3 bedroom/2 bath cabin is in "move-in" condition. Open floor plan with large kitchen/dining area onto a patio through glass doors. Living room with Black Ash T&G paneling and wood burning fireplace, Main Floor laundry, bathroom and bedroom. Upper level includes 2 bedrooms, bathroom, office, and reading area with incredible big water views! Electric Off-Peak heat with propane back up make it a very affordable winter retreat. Outside sauna, storage shed, and 226' of prime lakeshore and sandy swimming area completes this most desirable lake property. Nothing to do but fish off your dock!

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office Inc License #20052250 Listed on: 10/29/2015

Last Buyer's Agent

Blaine Olson

Vermilion Land Office Inc License #40377030

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,110

Year Built

  • Built in 2007

Lot Details

  • 1.6 Acre Lot
  • Irregular Lot
  • Property is zoned RES 9

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Asphalt Roof
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,508 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heating Available
  • The lake is a source of water for the property
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 270-0074-00090

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,110

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Dual Fuel/Off Peak, Electric, Off Pk Storage Units
  • Irregular Lot Size: Yes
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 3
  • Parcel Code Number: 270-0074-00090
  • Patioporch: Patio
  • Real Estate Tax: 4110
  • Style: 2 Story
  • Type: Residential
  • Upper Level Bedrooms: 2
  • Year Built: 2007
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Finished Sq Ft: 1508
  • Bedroom 1: Size: 9X10, On Level: Upper
  • Total Bathrooms: 2
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Elec. Dryer
  • Basement: Slab
  • Bedroom 2: Size: 9.9X10, On Level: Upper
  • Bedroom 3: Office, Size: 9.8X11, On Level: Upper
  • Dining Room: Size: incl/kitch, On Level: Main
  • Fireplace: Wood Burning
  • Kitchen: Size: 11X23, On Level: Main
  • Living Room: Size: 13.8X23, On Level: Main
  • Main Level Bedrooms: 1
  • Other Room 2: Bedroom, Size: 10X10, On Level: Main
  • Other Room 3: Den, Size: 12X12, On Level: Upper

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt, Metal

Utilities

  • Cooling: Central
  • Utilities: Septic, Lake Water System
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 385x194
  • Number Of Acres: 1.6
  • Zoning: RES 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2015
Closed on
Dec 18, 2015
Sold by
Anderson Timothy D and Anderson Harriet J
Bought by
Latz Frank A and Latz Shirley Ann
Seller's Agent
Barbara Hegg
Vermilion Land Office Inc
Buyer's Agent
Blaine Olson
Vermilion Land Office Inc
Sold Price
$350,000
Current Estimated Value
$579,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,932
Avg. Annual Appreciation
5.25%
Original Mortgage
$280,000
Interest Rate
3.92%
Mortgage Type
New Conventional
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
Latz Frank A $350,000 All American Title Co
Latz Frank A $350,000 All American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Latz Frank A $280,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2015 12/18/15 Sold $350,000 -- $232 / Sq Ft
10/29/2015 10/29/15 Pending -- -- --
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
2024 $5,074 $432,600 $273,200 $159,400
2023 $5,074 $402,600 $250,800 $151,800
2022 $4,962 $402,600 $250,800 $151,800
2021 $4,898 $341,400 $214,900 $126,500
2020 $4,456 $341,400 $214,900 $126,500
2019 $4,070 $306,100 $203,800 $102,300
2018 $4,004 $288,000 $185,700 $102,300
2017 $3,996 $278,200 $185,700 $92,500
2016 $3,996 $278,200 $185,700 $92,500
2015 $4,469 $275,400 $155,400 $120,000
2014 $4,469 $288,800 $174,000 $114,800
Source: Public Records

Agents Affiliated with this Home

  • Barbara Hegg

    Seller's Agent in 2015

    Barbara Hegg

    Vermilion Land Office Inc

    (218) 742-2369

    200 Total Sales

    Barbara Hegg
    Section Image

  • B

    Buyer's Agent in 2015

    Blaine Olson

    Vermilion Land Office Inc

    (218) 410-0025

    20 Total Sales

    Blaine Olson
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 126818

Range Association of REALTORS®

APN: 270007400090

Minnesota St Louis County Tower 55790

5184 Echo Point Rd, Tower, MN

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