NOT LISTED FOR SALE

5206 Indian Point Rd Tower, MN 55790

Estimated Value: $414,000 - $516,000

2 Beds
1 Bath
1,440 Sq Ft
$324/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $372,000 $258 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,779/month

40 Days on Market

Highlights

  • Private Waterfront
  • Beach Access
  • Lake View
  • Docks
  • Sauna
  • Deck

About This Home

As of August 2021

Charming, well cared for Lake Vermilion cabin located off a private gated road with 180' of shoreline and amazing lake views. This 2 bedroom, 1 bath has an open kitchen/dining/living room area with glass doors leading to a lakeside deck. Beautiful pine woodwork throughout. Main floor full bath and bedroom with French doors. The lower level walkout has tons of potential for extra living/sleeping space. There is a separate wood burning sauna located near the lake. This property has been in the same family since construction and has been well maintained. Being sold mostly furnished so you can move right in and enjoy lake living!

Last Agent to Sell the Property

Sherry Zupancich Anderson

Vermilion Land Office, Inc Listed on: 05/07/2021

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,175

Year Built

  • Built in 1994

Lot Details

  • 1.12 Acre Lot
  • Lot Dimensions are 297x180
  • Private Waterfront
  • 180 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Few Trees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Living Room
  • Dining Room
  • Open Floorplan
  • Sauna
  • Lake Views

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Docks
  • Deck

Utilities

  • Space Heater
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Baseboard Heating
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 270-0074-00060

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,175

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 169 toward Ely from Tower-Soudan, left on Mud Creek Road approximately 6.5 miles, to left on Indian Point Road, follow to gate. Gate must be closed after you enter and when you leave. Continue to FN 5206, property on left.
  • Waterfront Info Lake Maximum Depth: 76
  • L O1 Office Phone1 Number: 218-753-8985
  • PropAdjoinsPublicLand: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Shore-Accessible
  • Property Sub-Type: SF/Detached
  • Tax Year: 2021
  • Twp Number: 62
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Amenities Exterior: Deck, Dock
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 720
  • Below Grade Finished Sq Ft: 720
  • Garage Type: None
  • Heat: Baseboard, Space/Wall Heater, Wood, Propane, Electric
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Kitchen
  • TotalBedrooms: 2
  • Year Built: 1994
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Range/Stove, Refrigerator
  • Basement Features: Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Kitchen, Combine with Living Room
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Dining Room
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1440
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 39272.5
  • Out Buildings: Sauna
  • Road Frontage: County
  • Waterfront Access: Private
  • Water Frontage In Feet: 180
  • 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: 297x180
  • Estimated Number of Acres: 1.12
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Light
  • Parcel Number: 270-0074-00060
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Aug 6, 2021
Sold by
Wiermaa Jay R and Wiermaa Mary Jo
Bought by
Morey Jeffrey D
Seller's Agent
Sherry Zupancich Anderson
Vermilion Land Office, Inc
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$372,000
Sold Price
$372,000
Current Estimated Value
$466,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,107
Avg. Annual Appreciation
5.42%
Source: Public Records

Range of Values:

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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
Morey Jeffrey D $372,000 Northeast Title Company
Morey Jeffrey Jeffrey $372,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2021 08/06/21 Sold $372,000 0.0% $258 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $372,000 -- $258 / 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 $3,928 $334,100 $227,800 $106,300
2023 $3,928 $310,800 $209,600 $101,200
2022 $3,282 $310,800 $209,600 $101,200
2021 $3,260 $265,000 $180,600 $84,400
2020 $3,166 $265,000 $180,600 $84,400
2019 $2,744 $257,600 $177,400 $80,200
2018 $3,306 $241,900 $161,700 $80,200
2017 $3,318 $234,200 $161,700 $72,500
2016 $3,352 $234,200 $161,700 $72,500
2015 -- $208,600 $120,400 $88,200
2014 -- $222,300 $134,100 $88,200
Source: Public Records

Agents Affiliated with this Home

  • N

    Buyer's Agent in 2021

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6096578

APN: 270007400060

Minnesota St Louis County Tower 55790

5206 Indian Point Rd, Tower, MN

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