NOT LISTED FOR SALE

5749 Echo Point Rd Tower, MN 55790

Estimated Value: $133,674 - $283,000

2 Beds
1 Bath
1,034 Sq Ft
0.5 Acres

Last Sold July 01, 2021

Last sale price $399,900 $387 Per Sq Ft

Est. 50% decrease in value since last sale

Current estimated payment $1,181/month

Highlights

  • Heated Floors
  • 2 Car Detached Garage
  • 1-Story Property
  • Deck
  • Patio
  • Baseboard Heating

About This Home

As of July 2021

First time on the Market!! Level lake lot with a year round home and garage. Magnificent views of Big Bay from your dock and easy access to all parts of Lake Vermilion. Three miles from Fortune Bay and their Championship Golf Course! This home is turn-key and ready for a new owner. All you need to do is bring your fishing gear or recreational equipment and start having fun! Check out the extensive remodeling which includes all new flooring, complete kitchen and bathroom, smart siding, windows, roof and tongue and groove paneling throughout. Furnishings, dock and boat lift are negotiable. Fabulous swimming area for the entire family to enjoy!!

Last Agent to Sell the Property

Richard Erickson

Re/Max Results License #40098089 Listed on: 05/12/2021

Re/Max Results

Last Buyer's Agent

Barbara Hegg

Vermilion Land Office Inc License #20052250

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,536

Year Built

  • Built in 1994

Lot Details

  • Partially Fenced Property

Parking

  • 2 Car Detached Garage

Home Design

  • Loft
  • Wood Frame Construction
  • Shingle Roof
  • Hardboard

Interior Spaces

  • 1,034 Sq Ft Home
  • 1-Story Property
  • Free Standing Fireplace
  • Gas Log Fireplace
  • Heated Floors

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Laundry

  • Electric Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck
  • Patio

Utilities

  • Window Unit Cooling System
  • Heating System Uses Propane
  • Baseboard Heating
  • The lake is a source of water for the property
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 270-0070-00710, 00720

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,536

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Dual Fuel/Off Peak, Electric, Baseboard, In-Floor, Gas - Propane
  • Irregular Lot Size: Yes
  • Lvt Date: 05/12/2021
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 270-0070-00710, 00720
  • Patioporch: Deck, Patio
  • Percent Of Bsmnt Finished: 100
  • Real Estate Tax: 2536
  • Style: One Story And A Loft
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Finished Sq Ft: 1034
  • Bedroom 1: Size: 14x17, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Electric Range, Microwave, Refrigerator, Washer, Elec. Dryer
  • Basement: Block, Full, Wood
  • Bedroom 2: Size: 7x14, On Level: Upper
  • Dining Room: Size: 11x10, On Level: Lower
  • Fireplace: 1 Fireplace, Free Standing, Gas Log
  • Kitchen: Size: 12x12, On Level: Lower
  • Living Room: Size: 16x11, On Level: Lower
  • Main Level Bedrooms: 1
  • Other Room 2: Bathroom/L, Size: 8x10, On Level: Main
  • Rec Room: Size: 10x8, On Level: Main

Exterior Features

  • Exterior: Hard Board
  • Roof: Shingle

Garage/Parking

  • Garage: 2 Stalls, Detached
  • Garage Capacity: 2
  • Garage Size: 24x24

Utilities

  • Cooling: Window Unit
  • Utilities: Septic, Lake Water System
  • Water Heater: Elec. Off Peak

Lot Info

  • Fencing: Partial, Wood Privacy
  • Lot Size: Dimensions: 210x100
  • Number Of Acres: 0.5
  • Zoning: Res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2021
Sold by
Erickson Richard and Erickson Lisa L
Bought by
Buan David E and Buan Beverly A
Current Estimated Value
$199,919

Purchase Details

Listed on
May 12, 2021
Closed on
Jul 1, 2021
Sold by
Erickson Richard and Erickson Lisa L
Bought by
Buan Jason David and Buan Michelle Lynn
Seller's Agent
Richard Erickson
Re/Max Results
Buyer's Agent
Barbara Hegg
Vermilion Land Office Inc
List Price
$399,900
Sold Price
$399,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.80%
Original Mortgage
$319,920
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2010
Sold by
Erickson Dale and Erickson Gail
Bought by
Erickson Richard and Erickson Lisa L
Source: Public Records

Range of Values:

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Average Value
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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
Buan David E $100,000 Northeast Title Company
Buan Jason David $399,900 Northeast Title Company
Erickson Richard -- None Available
Buan David David $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Buan Jason David $319,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2021 07/01/21 Sold $399,900 0.0% $387 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $399,900 -- $387 / Sq Ft
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 $1,544 $129,200 $122,900 $6,300
2023 $1,544 $119,900 $114,300 $5,600
2022 $1,478 $114,900 $109,600 $5,300
2021 $1,958 $101,200 $96,700 $4,500
2020 $2,628 $142,100 $137,600 $4,500
2019 $2,322 $185,600 $181,000 $4,600
2018 $2,360 $169,500 $164,900 $4,600
2017 $2,374 $169,000 $164,900 $4,100
2016 $2,398 $169,000 $164,900 $4,100
2015 $2,476 $162,400 $156,700 $5,700
2014 $2,476 $162,400 $156,700 $5,700
Source: Public Records

Agents Affiliated with this Home

  • Richard Erickson

    Seller's Agent in 2021

    Richard Erickson

    RE/MAX

    (218) 780-9573

    64 Total Sales

    Richard Erickson
    Section Image
  • Barbara Hegg

    Buyer's Agent in 2021

    Barbara Hegg

    Vermilion Land Office Inc

    (218) 742-2369

    198 Total Sales

    Barbara Hegg
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 141329

Range Association of REALTORS®

APN: 270007000690

Minnesota St Louis County Tower 55790

5749 Echo Point Rd, Tower, MN

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