Estimated payment $1,324/month
Total Views
15,166
1
Bed
--
Bath
434
Sq Ft
$507
Price per Sq Ft
Highlights
- 1,140 Feet of Waterfront
- No HOA
- 1-Story Property
- Beach Access
- Living Room
- Combination Kitchen and Dining Room
About This Home
This Cute and Cozy, historic Lake Vermilion Ely Island off-grid Loggers cabin boasts 9.74 acres and 1140 ft. of lake shore! First time on the market in 50 years and renovated in 2017. Easy 5 minute commute from Stuntz Bay public boat launch. Enjoy privacy in the peaceful protected cove with gorgeous views of the lake across Seven Sisters to Pike Bay. NEW foundation supports, roof, windows, loft, front porch, screened in back porch and steps! Add another cabin on the main island if desired. Excellent fishing and swimming right from your dock. Abundant wildlife at your doorstep. Located close to McKinley Park, historic Soudan Mine and new State Park with numerous hiking/biking/ATV and snowmobile trails. Sold mostly furnished. Don't pass up the chance to own your own island paradise!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,271
Year Built
- Built in 1958
Lot Details
- 9.74 Acre Lot
- Lot Dimensions are 394x421
- 1,140 Feet of Waterfront
- Lake Front
Interior Spaces
- 1 Bedroom
- 434 Sq Ft Home
- 1-Story Property
- Living Room
- Combination Kitchen and Dining Room
- Crawl Space
- Range
Additional Features
- Beach Access
- Propane
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 270002001410
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,356 | $96,700 | $61,500 | $35,200 |
| 2022 | $1,182 | $96,700 | $61,500 | $35,200 |
| 2021 | $1,186 | $82,300 | $53,400 | $28,900 |
| 2020 | $828 | $82,300 | $53,400 | $28,900 |
| 2019 | $1,030 | $74,600 | $59,900 | $14,700 |
| 2018 | $964 | $74,400 | $59,700 | $14,700 |
| 2017 | $876 | $68,100 | $56,400 | $11,700 |
| 2016 | $586 | $66,100 | $54,400 | $11,700 |
| 2015 | $910 | $65,500 | $53,400 | $12,100 |
| 2014 | $943 | $65,500 | $53,400 | $12,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $219,900 | 0.0% | $507 / Sq Ft |
| 07/14/2025 07/14/25 | Price Changed | $219,900 | -2.2% | $495 / Sq Ft |
| 05/20/2025 05/20/25 | Price Changed | $224,900 | 0.0% | $518 / Sq Ft |
| 05/20/2025 05/20/25 | Price Changed | $224,900 | -5.9% | $507 / Sq Ft |
| 01/07/2025 01/07/25 | Price Changed | $239,000 | 0.0% | $551 / Sq Ft |
| 01/06/2025 01/06/25 | For Sale | $239,000 | -3.6% | $538 / Sq Ft |
| 08/14/2024 08/14/24 | Price Changed | $248,000 | -8.1% | $571 / Sq Ft |
| 07/12/2024 07/12/24 | Price Changed | $269,900 | -3.6% | $622 / Sq Ft |
| 05/15/2024 05/15/24 | Price Changed | $279,900 | -3.1% | $645 / Sq Ft |
| 02/05/2024 02/05/24 | For Sale | $289,000 | -- | $666 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Attorney | |
| Warranty Deed | $95,000 | Stewart Title Guaranty Co | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Similar Homes in Tower, MN
Source: NorthstarMLS
MLS Number: 6645728
APN: 270002001410
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