NOT LISTED FOR SALE

5499 Ely Island N Tower, MN 55790

Estimated Value: $248,000 - $466,000

2 Beds
0.5 Bath
360 Sq Ft
$924/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $247,500 $688 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,116/month

130 Days on Market

Highlights

  • 400 Feet of Waterfront
  • Deck
  • No HOA
  • Beach Access
  • Wood Burning Stove
  • Living Room

About This Home

As of June 2023

Looking for a peaceful escape? Look no further than this charming rustic cabin on Ely Island. Just a short boat ride, this cozy cabin is the perfect retreat for those seeking tranquility and seclusion. Surrounded by lush forest and breathtaking views of the water, you’ll feel completely immersed in nature. The 2 BR cabin is a gem featuring a warm and welcoming interior with modern amenities. Sold furnished including a fully equipped kitchen & comfortable bedrooms, new planking flooring, electricity, 13+acres and 400’ of lksh. Outside, you’ll find plenty of space to relax & enjoy the natural beauty of your island get-away. Incredible sunsets!

Last Listed By

Barbara Hegg

Vermilion Land Office, Inc. Listed on: 01/20/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,951

Year Built

  • Built in 1989

Lot Details

  • 13.84 Acre Lot
  • Lot Dimensions are 1754x380
  • 400 Feet of Waterfront
  • Lake Front

Interior Spaces

  • 360 Sq Ft Home
  • 1.5-Story Property
  • Wood Burning Stove
  • Family Room
  • Living Room
  • Dining Room
  • Crawl Space
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 0.5 Bathroom

Outdoor Features

  • Beach Access
  • Deck
  • Outhouse

Utilities

  • Heating System Uses Wood
  • The lake is a source of water for the property

Community Details

  • No Home Owners Association
  • Property is near a preserve or public land

Listing and Financial Details

  • Assessor Parcel Number 270002001422

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,951

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Water Source: Lake Water
  • Year Built: 1989
  • Above Grade Finished Sq Ft: 360
  • Water Body Name: Vermilion
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 30x24
  • FireNumber: 5499
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Microwave, Refrigerator
  • Living Area: 360
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Family Room
  • SqFtTotal: 1080.00

Beds/Baths

  • Total Bedrooms: 2
  • One Quarter Bathrooms: 1

Exterior Features

  • Roof: Asphalt
  • View: Lake, North
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck
  • Lake Acres: 39272
  • Lake Bottom: Rocky
  • LakeChain: N
  • Waterfront Frontage: 400

Garage/Parking

  • Parking Features: None
  • ParkingOpen: 0

Utilities

  • Heating: Wood Stove
  • Sewer: Outhouse, Private Sewer
  • Fuel: Wood
  • 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: 1754x380
  • Lot Size Sq Ft: 602870.4
  • Land Lease: No
  • Lot Features: Accessible Shoreline, Property Adjoins Public Land, Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Seasonal

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 270002001422
  • Tax Annual Amount: 2951
  • TaxWithAssessments: 3006.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
Jun 23, 2023
Sold by
Stuhmeier Cynthia and Stuhmeier Mark
Bought by
Sonntag Jeff
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc.
Buyer's Agent
Lisa Janisch
Janisch Realty, Inc
List Price
$249,500
Sold Price
$247,500
Premium/Discount to List
-$2,000
-0.8%
Total Days on Market
130
Views
325
Current Estimated Value
$332,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,971
Avg. Annual Appreciation
17.10%

Purchase Details

Listed on
Mar 3, 2020
Closed on
Sep 17, 2021
Sold by
Mcquoid Gregory
Bought by
Stuhmeier Cynthia and Zamek Mark
Seller's Agent
Kari Francois
LPT Realty, LLC
Buyer's Agent
Kari Francois
LPT Realty, LLC
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.76%

Purchase Details

Closed on
Sep 19, 2011
Sold by
Federal National Mortgage Association
Bought by
Mcquoid Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2010
Sold by
Central Mortgage Company
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 26, 2010
Sold by
Enroth Angela M and Enroth Carl G
Bought by
Central Mortgage Company

Purchase Details

Closed on
Sep 25, 2003
Sold by
Valleroy Karen Marie
Bought by
Enroth Carl Gunnard

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Sonntag Jeff $247,500 None Listed On Document
Stuhmeier Cynthia $240,000 Land Title Inc
Mcquoid Gregory -- Ne Title Co Ely
Federal National Mortgage Association -- None Available
Central Mortgage Company $274,017 None Available
Enroth Carl Gunnard -- --
Stuhmeier Cynthia Cynthia $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcquoid Gregory $100,000
Previous Owner Enroth Carl G $260,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $247,500 0.0% $688 / Sq Ft
05/30/2023 05/30/23 Pending -- -- --
05/19/2023 05/19/23 Price Changed $247,500 -0.8% $688 / Sq Ft
01/20/2023 01/20/23 For Sale $249,500 +4.0% $693 / Sq Ft
09/17/2021 09/17/21 Sold $240,000 -20.0% $222 / Sq Ft
07/30/2021 07/30/21 Pending -- -- --
06/28/2021 06/28/21 Price Changed $299,900 +25.0% $278 / Sq Ft
05/06/2021 05/06/21 For Sale $240,000 0.0% $222 / Sq Ft
10/14/2020 10/14/20 Off Market $240,000 -- --
10/04/2020 10/04/20 Price Changed $240,000 -17.2% $222 / Sq Ft
07/20/2020 07/20/20 Price Changed $290,000 -17.1% $269 / Sq Ft
06/18/2020 06/18/20 Price Changed $350,000 -74.1% $324 / Sq Ft
03/03/2020 03/03/20 For Sale $1,350,000 -- $1,250 / 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 $3,276 $237,200 $115,000 $122,200
2022 $2,668 $237,200 $115,000 $122,200
2021 $2,632 $183,200 $98,300 $84,900
2020 $2,830 $183,200 $98,300 $84,900
2019 $2,698 $161,000 $95,800 $65,200
2018 $2,424 $160,800 $95,600 $65,200
2017 $2,370 $141,800 $90,000 $51,800
2016 $2,386 $139,300 $87,500 $51,800
2015 $2,243 $126,000 $77,000 $49,000
2014 $2,243 $126,000 $77,000 $49,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in Tower, MN

  • 5823 N Pine Island, Tower, MN 55790

    $315,000

    • 2 Beds
    • 1 Bath
    • 320 Sq Ft
    • 5823 N Pine Island
    • Tower, MN

    Escape to this Idyllic Lake Vermilion Pine Island retreat in the heart of Northern MN situated on 500+ ft. of shoreline and 2.55 acres. Features include a quaint bunkhouse with a spacious living area and 1 bedroom, beautiful tongue and groove red pine, vaulted ceiling, and metal roof. For additional living space there is a 2017, 25' RV with a slide out living room, 1 bedroom and 1 bathroom. The

    Sherry Zupancich Anderson Vermilion Land Office, Inc

    Section Image
  • 5823 Pine Island N, Tower, MN 55790

    $315,000

    • 2 Beds
    • 2 Baths
    • 320 Sq Ft
    • 5823 Pine Island N
    • Tower, MN

    Escape to this Idyllic Lake Vermilion Pine Island retreat in the heart of Northern MN situated on 500+ ft. of shoreline and 2.55 acres. Features include a quaint bunkhouse with a spacious living area and 1 bedroom, beautiful tongue and groove red pine, vaulted ceiling, and metal roof. For additional living space there is a 2017, 25' RV with a slide out living room, 1 bedroom and 1 bathroom. The

    Sherry Zupancich Anderson Vermilion Land Office Inc

    Section Image
  • 95536 Pine Island, Tower, MN 55790

    $338,900

    • 2 Beds
    • 1 Bath
    • 936 Sq Ft
    • 95536 Pine Island
    • Tower, MN

    One-of-a-Kind Cabin on Pine Island - Sleeps 9 Discover the charm of Pine Island with this unique cabin that comfortably sleeps 9. Immerse yourself in nature with walking and biking trails, as well as private lakes exclusive to the island. This cabin offers a Lakeside Sauna: Perfect for relaxation. Screened-in Porch: Enjoy panoramic views without the bugs. Multiple Parcels included Wrap-Around

    Chessica Olson z' Up North Realty

    Section Image

Source: NorthstarMLS

MLS Number: 6325316

NorthstarMLS

APN: 270002001422