NOT LISTED FOR SALE

5184 Indian Point Rd Unit Lake Vermilion 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

160 Days on Market

Highlights

  • 226 Feet of Waterfront
  • Sauna
  • Main Floor Primary Bedroom
  • Docks
  • Lake View
  • Den

About This Home

As of December 2015

Warm and sunny with southern exposure, this Lake Vermilion property is what you've been searching for. Year-round 3 BR, 2 bath cabin is in "move-in" condition. Open floor plan with large kitchen/dining area onto a patio area through glass doors. Living room with black ash tongue & groove paneling, a wood-burning fireplace, main floor laundry, bathroom and bedroom. Upper level includes 2 BRs, 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. Northing to do but fish off your dock!!!

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office, Inc Listed on: 05/22/2015

Last Buyer's Agent

Blaine Olson

Vermilion Land Office, Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,090

Year Built

  • Built in 2007

Lot Details

  • 1.6 Acre Lot
  • Lot Dimensions are 385x194
  • 226 Feet of Waterfront
  • Property fronts a county road
  • Irregular Lot
  • Landscaped with Trees

Home Design

  • Slab Foundation
  • Poured Concrete
  • Asphalt Shingled Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,508 Sq Ft Home
  • Multi-Level Property
  • Wood Burning Fireplace
  • Living Room
  • Den
  • Sauna
  • Lake Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Bathroom on Main Level
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Docks
  • Patio
  • Storage Shed

Utilities

  • No Cooling
  • Dual Heating Fuel
  • Heating System Uses Propane
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 270-0074-00090

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,090

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Soudan, East on Hwy 169 to Mud Creek Road. Left on Mud Creek Road approximately 6.5 miles (sign on right "6.5 miles"). Left right after the "6.5 miles" sign (VLO directional sign). Follow gravel road to gate. Gate must be closed after you enter. Continue for 1/2 mile. Property on left, keep left on driveway to FN 5184.
  • L O1 Office Phone1 Number: 218-753-8985
  • ShorelineCharacteristics: Sand, Muck
  • Property Sub-Type: SF/Detached
  • Tax Year: 2015
  • Twp Number: 62
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Eat-In Kitchen, Sauna, Main Floor Laundry, Washer Hook-Ups
  • Amenities Exterior: Dock, Patio
  • Mfg And Park Info Construction Type: Poured Concrete
  • FinFootageAboveGrade: 1508
  • Garage Type: None
  • Heat: Dual Fuel/Off Peak, Fireplace, Propane, Electric
  • Reso Roof: Asphalt Shingles, Metal
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Year Built: 2007
  • Level 1 Bedroom: Main
  • RoomLevel3: Upper
  • RoomLevel4: Upper
  • RoomLevel5: Main
  • RoomLevel6: Upper
  • RoomLevel7: Upper
  • Property Style: Multi-level
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Stove, Refrigerator, Washer
  • Basement Material: N/A
  • Basement Style: Slab
  • Bathroom 1 Level: 1
  • Level 2 Three Quarter Bathrooms: 1
  • Bathroom Description: Full Main Floor
  • Formal Dining: Eat-In Kitchen
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1.25 - 1.75 Story
  • Room 6: Den/Office
  • Room 7: Den/Office
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1508
  • Exercise Room Level2: Main

Exterior Features

  • Out Buildings: Sauna, Storage Shed
  • Road Frontage: County
  • Water Frontage In Feet: 226
  • Waterfront Name: Vermilion
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 385x194
  • Estimated Number of Acres: 1.6
  • Cultivated Acreage: LSAR
  • Geo Match Code: 1
  • Lot Description: Accessible Shoreline, Irregular Lot, Tree Coverage - Medium, BWCA Area
  • Parcel Number: 270-0074-00090

Rental Info

  • Lease Terms: Cash, Contract for Deed, Conventional

Tax Info

  • Tax Amount: 4090

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 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
List Price
$350,000
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 0.0% $232 / Sq Ft
10/29/2015 10/29/15 Pending -- -- --
05/22/2015 05/22/15 For Sale $350,000 -- $232 / Sq Ft
Source: Lake Superior Area 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

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6016861

APN: 270007400090

Minnesota St Louis County Tower 55790

5184 Indian Point Rd Unit Lake Vermilion, Tower, MN

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