NOT LISTED FOR SALE

5767 Lake Ave N Tower, MN 55790

Estimated Value: $534,000 - $755,000

3 Beds
2.5 Baths
2,240 Sq Ft
$300/Sq Ft Est. Value

Last Sold November 06, 2023

Last sale price $686,000 $306 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,108/month

48 Days on Market

Highlights

  • 170 Feet of Waterfront
  • No HOA
  • Central Air
  • 1 Fireplace
  • 2 Car Attached Garage
  • Dining Room

About This Home

As of November 2023

Lake Vermilion home on park like lake lot with several garages and panoramic views of the lake. This well maintained home features main floor master bedroom with master bath. Open living room/dining/kitchen with lake views, tongue and groove rec room leading into the attached garage. Upstairs has two additional bedrooms, a sewing room/office, large storage room and full bath. Property also includes beautiful gardens, a 20x24 boathouse with slab floor and two garage doors, an additional 1144 sq.ft. detached garage patio area. Optional heating system of wood boiler. Lot is approx 1.77 acres in size with 170' of frontage.

Last Listed By

Julia Maki

BIC Realty Brokerage Email: julia@bicrealty.com Listed on: 09/01/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,712

Year Built

  • Built in 1997

Lot Details

  • 1.76 Acre Lot
  • Lot Dimensions are 160x430
  • 170 Feet of Waterfront
  • Lake Front

Parking

  • 2 Car Attached Garage
  • Insulated Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 2,240 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Dining Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Propane
  • Well

Community Details

  • No Home Owners Association
  • Mill Point City Of Tower Subdivision

Listing and Financial Details

  • Assessor Parcel Number 080001800030

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,712

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 2
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: Well
  • Year Built: 1997
  • Above Grade Finished Sq Ft: 2240
  • Water Body Name: Vermilion
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: julia@bicrealty.com
  • Attribution Contact: julia@bicrealty.com
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Slab
  • Appliances: Dryer, Range, Refrigerator, Washer
  • Living Area: 2240
  • Fireplace: Yes
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • View: Panoramic
  • Other Structures: Boat House
  • ConstructionMaterialsDesc: Frame
  • Lake Acres: 39272
  • LakeChain: N
  • Waterfront Frontage: 170

Garage/Parking

  • Parking Features: Attached Garage, Detached, Insulated Garage
  • Garage Square Feet: 532

Utilities

  • Heating: Dual
  • Sewer: Tank with Drainage Field
  • Fuel: Propane

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: 160x430
  • Lot Size Sq Ft: 76796.28
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 080001800030
  • Tax Annual Amount: 7712
  • TaxWithAssessments: 7712.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Nov 6, 2023
Sold by
Rinne Roger J and Rinne Barbara D
Bought by
Lehman Jason M and Lehman Traci A
Seller's Agent
Julia Maki
BIC Realty
List Price
$749,000
Sold Price
$686,000
Premium/Discount to List
-$63,000
-8.41%
Total Days on Market
48
Views
72
Current Estimated Value
$661,094

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,906
Avg. Annual Appreciation
-1.30%
Original Mortgage
$552,000
Outstanding Balance
$415,440
Interest Rate
7.31%
Mortgage Type
New Conventional
Estimated Equity
$257,217

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
Lehman Jason M $686,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lehman Jason M $552,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2023 11/06/23 Sold $686,000 -2.0% $306 / Sq Ft
10/20/2023 10/20/23 Pending -- -- --
09/24/2023 09/24/23 Price Changed $700,000 -6.5% $313 / Sq Ft
09/02/2023 09/02/23 For Sale $749,000 -- $334 / 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 $7,194 $395,400 $173,300 $222,100
2022 $7,712 $395,400 $173,300 $222,100
2021 $7,776 $388,200 $166,100 $222,100
2020 $8,164 $388,200 $166,100 $222,100
2019 $7,786 $407,200 $171,600 $235,600
2018 $7,414 $405,500 $169,900 $235,600
2017 $7,436 $382,500 $169,900 $212,600
2016 $7,302 $382,500 $169,900 $212,600
2015 $7,736 $416,100 $173,800 $242,300
2014 $7,736 $416,100 $173,800 $242,300
Source: Public Records

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Source: NorthstarMLS

MLS Number: 6427832

NorthstarMLS

APN: 080001800030