NOT LISTED FOR SALE

5206 Indian Point Rd Tower, MN 55790

Estimated Value: $400,000 - $543,000

2 Beds
1 Bath
720 Sq Ft
$670/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $372,000 $517 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,001/month

37 Days on Market

Highlights

  • 180 Feet of Waterfront
  • No HOA
  • 1-Story Property
  • Beach Access
  • Living Room
  • Baseboard Heating

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 Listed By

Sherry Zupancich Anderson

Vermilion Land Office, Inc. Listed on: 05/10/2021

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
  • 180 Feet of Waterfront
  • Lake Front
  • Few Trees

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Living Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

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

Outdoor Features

  • Beach Access

Utilities

  • Space Heater
  • Baseboard Heating
  • Private Water Source

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 270007400060

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,175

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Water Source: Private
  • Year Built: 1994
  • Above Grade Finished Sq Ft: 720
  • Water Body Name: Vermilion
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 30x24
  • FireNumber: 5206
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Full, Walkout
  • Living Area: 720
  • Fireplace: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2
  • SqFtTotal: 1440.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

  • Roof: Asphalt
  • View: Bay, Lake
  • Other Structures: Sauna
  • Lake Acres: 39272
  • LakeChain: N
  • Waterfront Frontage: 180

Garage/Parking

  • Parking Features: Gravel
  • Garage Square Feet: 0
  • Garage Door Height: 0

Utilities

  • Heating: Baseboard, Space Heater
  • Sewer: Private Sewer
  • Fuel: Electric,Propane
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: St. Louis County
  • SchoolDistrictNumber: 2142
  • SchoolDistrictPhone: 218-749-8130

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 297x180
  • Lot Size Sq Ft: 48787.2
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 270007400060
  • Tax Annual Amount: 3175
  • TaxWithAssessments: 3260.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 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.
List Price
$399,000
Sold Price
$372,000
Premium/Discount to List
-$27,000
-6.77%
Total Days on Market
37
Current Estimated Value
$482,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,213
Avg. Annual Appreciation
7.16%

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

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wiermaa Jay R $62,500
Previous Owner Wiermaa Jay R $87,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2021 08/06/21 Sold $372,000 -6.8% $517 / Sq Ft
06/16/2021 06/16/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $399,000 -- $554 / Sq Ft
Source: NorthstarMLS

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 $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

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Source: NorthstarMLS

MLS Number: 5753973

NorthstarMLS

APN: 270007400060