NOT LISTED FOR SALE

5596 Ely Island S Tower, MN 55790

Estimated Value: $285,000 - $499,747

3 Beds
1 Bath
1,155 Sq Ft
$342/Sq Ft Est. Value

Last Sold March 17, 2014

Last sale price $120,000 $104 Per Sq Ft

Est. 229% increase in value since last sale

Current estimated payment $2,491/month

Highlights

  • Deck
  • 1-Story Property
  • Wood Burning Fireplace
  • Porch

About This Home

As of March 2014

LAKE VERMILION ISLAND RETREAT with 12.94 acres and 1100 feet meandering shoreline boasting natural rock outcroppings and towering red and white pines. Property has a 3 bedroom 1155 sq ft rustic cabin with electric service and a second rustic cabin in need of repairs. Private setting with Southern Exposure.

Last Agent to Sell the Property

Rick Clark

Northwoods Land Office License #20165911 Listed on: 09/30/2013

Last Buyer's Agent

Betsy Clark

Northwoods Land Office License #20337324

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 12.94 Acre Lot
  • Irregular Lot
  • Property is zoned SMU11

Home Design

  • Wood Frame Construction

Interior Spaces

  • 3 Bedrooms
  • 1,155 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace

Outdoor Features

  • Deck
  • Porch

Listing and Financial Details

  • Assessor Parcel Number 270-20-1691

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Irregular Lot Size: Yes
  • Number Of Bedrooms: 3
  • Parcel Code Number: 270-20-1691
  • Patioporch: Deck, Porch
  • Real Estate Tax: 3031.78
  • Style: One Story, Seasonal
  • Type: Residential
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 1155
  • Bedroom 1: Size: 10x10, On Level: Main
  • Appliances: Refrigerator
  • Bedroom 2: Size: 10x10, On Level: Main
  • Bedroom 3: Bedroom 3, Size: 10x10
  • Fireplace: 1 Fireplace, Wood Burning
  • Kitchen: Size: 8x12, On Level: Main
  • Living Room: Size: 21x12, On Level: Main
  • Main Level Bedrooms: 3

Exterior Features

  • Exterior: Wood

Lot Info

  • Lot Size: Dimensions: 1100x500
  • Number Of Acres: 12.94
  • Zoning: SMU11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2013
Closed on
Mar 14, 2014
Sold by
Mclain Barbara P and Payne James G
Bought by
Ledge Rock Llc
Seller's Agent
Rick Clark
Northwoods Land Office
Buyer's Agent
Betsy Clark
Northwoods Land Office
Sold Price
$120,000
Current Estimated Value
$395,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$275,187
Avg. Annual Appreciation
10.80%

Purchase Details

Listed on
Sep 30, 2013
Closed on
Mar 6, 2014
Sold by
Jm Partners Llc
Bought by
Ledge Rock Llc
Seller's Agent
Rick Clark
Northwoods Land Office
Buyer's Agent
Betsy Clark
Northwoods Land Office
Sold Price
$120,000

Purchase Details

Closed on
Dec 31, 2013
Sold by
Wolf Patricia A and Wolf James E
Bought by
Jm Partners Llc

Purchase Details

Closed on
Dec 26, 2013
Sold by
Shaul Leslie A and Shaul Tim
Bought by
Jm Partners Llc

Purchase Details

Closed on
Apr 26, 2013
Sold by
Friemeyer Joanne B
Bought by
Jm Partners Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ledge Rock Llc $120,000 West Title
Ledge Rock Llc $120,000 West Title
Jm Partners Llc $12,500 None Available
Jm Partners Llc $12,500 None Available
Jm Partners Llc $6,000 West Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2014 03/17/14 Sold $120,000 -- $104 / Sq Ft
09/30/2013 09/30/13 Pending -- -- --
Source: Range Association of 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 $4,956 $422,500 $251,000 $171,500
2023 $4,956 $356,500 $206,500 $150,000
2022 $4,330 $356,500 $206,500 $150,000
2021 $4,276 $297,900 $174,700 $123,200
2020 $4,290 $297,900 $174,700 $123,200
2019 $4,172 $294,700 $187,500 $107,200
2018 $3,718 $295,300 $188,100 $107,200
2017 $3,674 $258,500 $173,400 $85,100
2016 $3,670 $256,000 $170,900 $85,100
2015 $2,968 $193,600 $156,200 $37,400
2014 $2,968 $193,600 $156,200 $37,400
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rick Clark

    Northwoods Land Office

    (218) 290-1670

    18 Total Sales

    Rick Clark
    Section Image
  • Betsy Clark

    Buyer's Agent in 2014

    Betsy Clark

    Northwoods Land Office

    (218) 290-3619

    222 Total Sales

    Betsy Clark
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 122368

Range Association of REALTORS®

APN: 270002001691

Minnesota St Louis County Tower 55790

5596 Ely Island S, Tower, MN

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