NOT LISTED FOR SALE

5803 Echo Point Rd Tower, MN 55790

Estimated Value: $449,683 - $528,000

2 Beds
1 Bath
672 Sq Ft
$729/Sq Ft Est. Value

Last Sold October 28, 2024

Last sale price $430,000 $640 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,865/month

35 Days on Market

Highlights

  • Boathouse
  • Docks
  • Guest House
  • Private Waterfront
  • Beach Access
  • Sauna

About This Home

As of October 2024

Discover your perfect lakeside retreat with this charming 2-bedroom seasonal cabin, move-in ready, fully furnished, & beautifully updated. Enjoy the spacious, eat-in kitchen featuring stunning hickory cabinets & breathtaking views of the lake. With 140 feet of private lakeshore, a gentle slope to the water, & expansive big water views, this property offers tranquility & natural beauty. Included is a wood-fired sauna for ultimate relaxation, cozy bunk house for extra guests or peaceful solitude, boathouse, expansive lakeside lawn, ideal for yard games and gatherings, majestic pine trees, & rocky outcroppings. Conveniently located just 15 minutes from Tower & only minutes from a championship golf course! This property truly has it all—

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office, Inc Listed on: 08/15/2024

Last Buyer's Agent

David Culbert

Culbert Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,195

Year Built

  • Built in 1960

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 210x91
  • Private Waterfront
  • 140 Feet of Waterfront
  • Lake Front
  • Property fronts a county road
  • Few Trees

Property Views

  • Bay
  • Lake

Home Design

  • Ranch Style House
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 672 Sq Ft Home
  • Ceiling Fan
  • Living Room
  • Combination Kitchen and Dining Room
  • Sauna
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Parking

  • No Garage
  • Gravel Driveway

Outdoor Features

  • Beach Access
  • Boathouse
  • Docks
  • Deck
  • Rain Gutters

Additional Homes

  • Guest House

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Private Water Source
  • Electric Water Heater
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 270-0070-00195

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,195

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 169 North. To the Y Store, turn onto County 77 for 1.9 miles. Turn Right on Lake Vermilion Reservation Road for approximately 4 miles. Property on the left, Fire #5803.
  • Waterfront Info Lake Maximum Depth: 76
  • L O1 Office Phone1 Number: 218-753-8985
  • PropAdjoinsPublicLand: No
  • Road Maintenance: Public
  • ShorelineCharacteristics: Rocky, Shore-Accessible
  • Property Sub-Type: SF/Detached
  • Tax Year: 2024
  • Twp Number: 62
  • View Type:Pond View: Bay, Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: Wall
  • Reso Association Amenities: Ceiling Fans, Eat-In Kitchen
  • Amenities Exterior: Deck, Dock, Gutter/Downspout
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 672
  • Garage Type: None
  • Heat: Baseboard, Electric
  • MainFloorBath: Yes
  • RdBtwnWtrfrntAndHome: No
  • Reso Roof: Asphalt Shingles
  • Bedroom 3: Bedroom
  • TotalBedrooms: 2
  • Year Built: 1960
  • Level 1 Bedroom: Main
  • RoomLevel3: Main
  • RoomLevel4: Main
  • RoomLevel5: Main
  • Property Style: Ranch/Rambler
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Microwave, Refrigerator, Range/Stove
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: Crawl Space
  • Bathroom Description: Full Main Floor
  • Formal Dining: Combine with Kitchen, Eat-In Kitchen
  • Fireplace: No
  • Bedroom Features:Main Floor Bedroom: Yes
  • Bathroom 1: Living Room
  • Bathroom 2: Kitchen
  • Main Residence Features:Family Room4: Bedroom
  • Bedroom 5: Bathroom
  • Stories: 1 Story
  • Total Bathrooms: 1
  • Total Fin Square Footage: 672
  • Exercise Room Level2: Main

Exterior Features

  • LakeAcres: 39272.5
  • Out Buildings: Boathouse, Sauna, Guesthouse
  • Road Frontage: County, Paved
  • Waterfront Access: Private
  • Water Frontage In Feet: 140
  • Waterfront Name: Vermilion
  • Construction Status: Previously Owned
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Driveway - Gravel

Utilities

  • Power Company: Lake Country Power
  • Sewer: Private
  • Water: Private

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: St. Louis County #2142

Lot Info

  • Estimated Lot Dimensions: 210x91
  • Estimated Number of Acres: 0.58
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Accessible Shoreline, Tree Coverage - Light
  • Parcel Number: 270-0070-00195
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 3195

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Oct 16, 2024
Sold by
Niskanen Linda
Bought by
Perell Michael and Perell Ann
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc
Buyer's Agent
David Culbert
Culbert Realty, Inc.
List Price
$519,900
Sold Price
$430,000
Premium/Discount to List
-$89,900
-17.29%
Views
36
Current Estimated Value
$489,671

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,671
Avg. Annual Appreciation
13.31%
Original Mortgage
$330,000
Outstanding Balance
$326,531
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$163,140
Source: Public Records

Range of Values:

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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
Perell Michael $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perell Michael $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $430,000 -13.7% $640 / Sq Ft
09/15/2024 09/15/24 Price Changed $498,500 -2.1% $742 / Sq Ft
08/30/2024 08/30/24 Price Changed $509,000 -2.1% $757 / Sq Ft
08/15/2024 08/15/24 For Sale $519,900 -- $774 / 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 $3,478 $295,500 $220,500 $75,000
2023 $3,478 $273,600 $206,900 $66,700
2022 $3,220 $262,900 $199,300 $63,600
2021 $3,156 $224,000 $171,900 $52,100
2020 $3,524 $224,000 $171,900 $52,100
2019 $3,190 $245,300 $184,100 $61,200
2018 $3,164 $229,000 $167,800 $61,200
2017 $3,158 $223,100 $167,800 $55,300
2016 $3,188 $223,100 $167,800 $55,300
2015 $3,456 $224,500 $167,800 $56,700
2014 $3,456 $224,500 $167,800 $56,700
Source: Public Records

Agents Affiliated with this Home

  • Barbara Hegg

    Seller's Agent in 2024

    Barbara Hegg

    Vermilion Land Office, Inc

    (218) 742-2369

    198 Total Sales

    Barbara Hegg
    Section Image

  • D

    Buyer's Agent in 2024

    David Culbert

    Culbert Realty, Inc.

    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6115551

APN: 270007000195

Minnesota St Louis County Tower 55790

5803 Echo Point Rd, Tower, MN

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