NOT LISTED FOR SALE

5556 Lippo Ln Cromwell, MN 55726

Estimated Value: $272,000 - $406,000

3 Beds
1 Bath
1,456 Sq Ft
$241/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $229,500 $158 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,136/month

3 Days on Market

Highlights

  • Private Waterfront
  • 2 Car Detached Garage
  • Laundry Room
  • Traditional Architecture
  • Enclosed Patio or Porch
  • 1-Story Property

About This Home

As of August 2019

This property is a great find. Level elevation to 120 feet of sandy lake shore perfect for swimming. There are three bedrooms and two garages so there is plenty of room to store your gear. This is a year round home or could be the cabin. All furnishing currently on the property may be included except for the washer and dryer.

Last Agent to Sell the Property

William Rickmeyer

RE/MAX Results - Nisswa Listed on: 07/09/2019

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,450

Year Built

  • Built in 1930

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 120x417x104x417
  • Private Waterfront
  • 120 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Detached Garage

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Metal Siding
  • Vinyl Siding

Interior Spaces

  • 1,456 Sq Ft Home
  • 1-Story Property
  • Dining Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Private Water Source
  • Private Sewer
  • Sewer Holding Tank

Listing and Financial Details

  • Assessor Parcel Number 90-010-0680

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,450

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: From Cromwell take Highway 73 South to left on Lippo Lane to property on the right. 5556 Lippo Lane is a valid GPS address
  • Waterfront Info Lake Chain: No
  • Waterfront Info Lake Maximum Depth: 25
  • L O1 Office Phone1 Number: 218-963-9554
  • List Price/ Sq Ft: 157.62
  • Property Sub-Type: SF/Detached
  • Tax Year: 2019
  • Lot Description Waterfront: Yes
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1456
  • Garage Type: Detached
  • Heat: Forced Air
  • RdBtwnWtrfrntAndHome: No
  • Bedroom 3: Bedroom
  • TotalBedrooms: 3
  • Year Built: 1930
  • Level 1 Bedroom: Main
  • RoomLevel3: Upper
  • RoomLevel4: Upper
  • RoomLevel5: Upper
  • RoomLevel6: Main
  • RoomLevel7: Main
  • Property Style: Traditional
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Material: N/A
  • Basement Style: None
  • Bathroom 1 Level: Main Floor
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: No
  • Bathroom 1: Dining Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bedroom
  • Stories: 1 Story
  • Room 6: Laundry Room
  • Room 7: 4 Season Porch
  • Total Bathrooms: 1
  • Total Fin Square Footage: 1456
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 451
  • Waterfront Access: Private
  • Water Frontage In Feet: 120
  • Waterfront Name: Island
  • Construction Status: Previously Owned
  • Exterior: Metal, Vinyl

Garage/Parking

  • Garage Capacity: 2

Utilities

  • Power Company: None
  • Sewer: Private, Holding Tank
  • Water: Private

Schools

  • School District: Cromwell-Wright #95
  • Junior High Dist: Cromwell-Wright #95

Lot Info

  • Geo Update Timestamp: 2019-07-11
  • Estimated Lot Dimensions: 120x417x104x417
  • Estimated Number of Acres: 1
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 90-010-0680
  • Waterfront Type: Inland Lake

Tax Info

  • Tax Amount: 2450

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2019
Closed on
Aug 23, 2019
Sold by
Pung Edwin L and Pung Cherie L
Bought by
Tewalt Daniel W and Tewalt Roy J
Seller's Agent
William Rickmeyer
RE/MAX Results - Nisswa
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$229,500
Sold Price
$229,500
Current Estimated Value
$350,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,012
Avg. Annual Appreciation
7.15%
Original Mortgage
$183,600
Outstanding Balance
$160,800
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$189,712

Purchase Details

Closed on
May 24, 2006
Sold by
Pung Edwin L and Pung Cherie L
Bought by
Pung Edwin L and Pung Cherie L

Purchase Details

Closed on
Jan 25, 2006
Sold by
Winter Gary S
Bought by
Pung Edwin L

Purchase Details

Closed on
Jul 27, 2005
Sold by
Johnson Paul A
Bought by
Winter Gary S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,200
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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
Tewalt Daniel W -- --
Pung Edwin L -- None Available
Pung Edwin L $194,000 Cu Title Services Inc
Winter Gary S $184,000 Burnet Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tewalt Daniel W $183,600
Previous Owner Winter Gary S $147,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2019 08/23/19 Sold $229,500 0.0% $158 / Sq Ft
07/12/2019 07/12/19 Pending -- -- --
07/09/2019 07/09/19 For Sale $229,500 -- $158 / 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 $3,236 $275,800 $136,200 $139,600
2023 $3,136 $259,300 $133,600 $125,700
2022 $2,596 $259,300 $133,600 $125,700
2021 $2,604 $196,900 $101,400 $95,500
2020 $2,484 $194,500 $101,300 $93,200
2019 $2,468 $190,900 $101,300 $89,600
2018 $2,380 $190,500 $100,900 $89,600
2017 $2,406 $186,300 $100,900 $85,400
2016 $2,238 $184,800 $100,900 $83,900
2015 $2,428 $147,500 $87,400 $60,100
2014 -- $165,200 $100,400 $64,800
2013 -- $165,200 $100,400 $64,800
Source: Public Records

Agents Affiliated with this Home

  • William Rickmeyer

    Seller's Agent in 2019

    William Rickmeyer

    RE/MAX Results - Nisswa

    (218) 820-5155

    10 Total Sales

    William Rickmeyer
    Section Image

  • N

    Buyer's Agent in 2019

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6084635

APN: 90-010-0680

Minnesota Carlton County Cromwell 55726

5556 Lippo Ln, Cromwell, MN

This home is located at 5556 Lippo Ln, Cromwell, MN 55726 since 09 July 2019 and is currently estimated at $350,512, approximately $240 per square foot. This property was built in 1930. 5556 Lippo Ln is a home located in Carlton County with nearby schools including Cromwell-Wright Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes