NOT LISTED FOR SALE

5624 Pine Island S Tower, MN 55790

Estimated Value: $381,000 - $583,000

19.27 Acres
$22,984 Price per Acre
839,401 Sq Ft Lot

Sale Details

Date Sold: March 26, 2021

Last sale price $285,000

Est. 55% increase in value since last sale

Current estimated payment $2,734 / mo

31 Days on Market

About This Lot

As of March 2021

Incredible 2900' of actual shoreline and 19 wooded acres on Lake Vermilion! Numerous building sites on this expansive point with sunny southern exposure, morning sunrises, and evening sunsets. Screen house (12X12), three storage buildings (8X8), and RV (2006 Hornet, 272SF with two slide outs) with deck (10X21) ready to move in and enjoy while making plans for your dream cabin. Bays on both sides of the point, each with their own dock, giving shelter for easy docking. Big water views, approved septic sites, rocky outcroppings, mature trees all included! First time being offered!

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office Inc License #20052250 Listed on: 01/19/2021

Last Buyer's Agent

Sherry Zupancich Anderson

Vermilion Land Office Inc License #40026207

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,562

Lot Details

  • 19.27 Acre Lot
  • Lot Dimensions are 1,200 x 1,000
  • 2,910 Feet of Lake Waterfront
  • Lake Front
  • Irregular Lot
  • Property is zoned RES4

Outdoor Features

  • Boat Access Only

Property Details

Property Type

Land

Est. Annual Taxes

$4,562

Lot Details

19.27 Acres

Listing Details

  • Class: Lots/Land
  • Irregular Lot Size: Yes
  • Lvt Date: 01/21/2021
  • Real Estate Tax: 4562
  • Type: Waterfront
  • Dnr Lake Id Number: 690378
  • Lot Size Length: 1200
  • Lot Size Width: 1000
  • Lake Frontage: 2910
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: Vermilion
  • Waterfront: 1 - Lake

Lot Info

  • Number Of Acres: 19.27
  • Zoning: RES4
  • Improvements: Dock
  • Land Description: Wooded, rocky outcroppings, many building sites.
  • Topography: Boat Access Only

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2021
Closed on
Mar 26, 2021
Sold by
Bought by
Seller's Agent
Barbara Hegg
Vermilion Land Office Inc
Buyer's Agent
Sherry Zupancich Anderson
Vermilion Land Office Inc
List Price
$299,500
Sold Price
$285,000
Premium/Discount to List
-$14,500
-4.84%
Current Estimated Value
$442,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,899
Avg. Annual Appreciation
8.47%

Purchase Details

Closed on
Dec 11, 2018
Sold by
Bought by

Purchase Details

Closed on
Nov 4, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,000
Interest Rate
3.42%
Mortgage Type
Commercial
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$285,000 All American Title
-- None Available
-- Northeast Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $48,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/26/2021 03/26/21 Sold $285,000 -4.8% --
02/21/2021 02/21/21 Pending -- -- --
01/21/2021 01/21/21 For Sale $299,500 -- --
Source: Range Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,644 $309,300 $303,900 $5,400
2023 $3,640 $309,300 $303,900 $5,400
2022 $3,920 $309,300 $303,900 $5,400
2021 $3,870 $269,600 $264,900 $4,700
2020 $4,632 $269,600 $264,900 $4,700
2019 $4,498 $318,100 $313,500 $4,600
2018 $4,340 $318,200 $313,600 $4,600
2017 $4,294 $301,300 $297,700 $3,600
2016 $4,296 $298,800 $295,200 $3,600
2015 $5,059 $313,600 $310,300 $3,300
2014 $5,059 $343,700 $340,400 $3,300
Source: Public Records

Agents Affiliated with this Home

  • Barbara Hegg Real Estate Agent - Vermilion Land Office Inc

    Seller's Agent in 2021

    Barbara Hegg

    Vermilion Land Office Inc

    (218) 742-2369

    179 Total Sales

    Barbara Hegg
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Map

Source: Range Association of REALTORS®

MLS Number: 140738

Range Association of REALTORS®

APN: 270002000593

Minnesota St Louis County Tower 55790

5624 Pine Island S, Tower, MN

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Range Association of REALTORS® 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. Information is deemed reliable but not guaranteed.

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