NOT LISTED FOR SALE

5823 N Pine Island Tower, MN 55790

Estimated Value: $248,000 - $338,000

2.55 Acres
$116,144 Price per Acre
111,078 Sq Ft Lot

Last Sold October 01, 2020

Last sale price $145,000

Est. 104% increase in value since last sale

Current estimated payment $1,641/month

50 Days on Market

About This Lot

As of October 2020

Check out this absolutely gorgeous 2.5 Acre, 500 + feet of shoreline located on Pine Island. The property has been surveyed and is completely ready to build the cabin of your dreams. Features include East and West facing sandy lakeshore, New Septic System, 200 Amp Electric service, Permitted Privy, 3 Docks, Large deck situated at the waters edge, and so much more!!!!

Last Agent to Sell the Property

Scott Beaudette

Culbert Realty License #20429981 Listed on: 06/17/2020

Last Buyer's Agent

Scott Beaudette

Culbert Realty License #20429981 Listed on: 06/17/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,170

Lot Details

  • 2.55 Acre Lot
  • Lot Dimensions are 700 x 175
  • 500 Feet of Lake Waterfront
  • Lake Front
  • Level Lot
  • Irregular Lot
  • Property is zoned Res-8

Additional Features

  • Boat Access Only
  • Septic System

Property Details

Property Type

Land

Est. Annual Taxes

$1,170

Lot Details

2.55 Acres

Listing Details

  • Class: Lots/Land
  • Irregular Lot Size: Yes
  • Lvt Date: 06/17/2020
  • Real Estate Tax: 1170.00
  • Type: Waterfront
  • Lot Size Length: 700
  • Lot Size Width: 175
  • Lake Frontage: 500'+ Lake Vermilion
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: Vermilion
  • Waterfront: 1 - Lake

Utilities

  • Utilities: Electricity, Septic

Lot Info

  • Number Of Acres: 2.55
  • Zoning: Res-8
  • Improvements: Dock
  • Land Description: 2.55 Acres with beautiful beach cleared with building site.
  • Topography: Boat Access Only, Level

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2020
Closed on
Sep 1, 2020
Sold by
Nelson Jeremy A and Nelson Shannon L
Bought by
Humphrey Mark A
Seller's Agent
Scott Beaudette
Culbert Realty
Buyer's Agent
Scott Beaudette
Culbert Realty
List Price
$169,900
Sold Price
$145,000
Premium/Discount to List
-$24,900
-14.66%
Current Estimated Value
$296,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,168
Avg. Annual Appreciation
14.20%
Original Mortgage
$90,000
Outstanding Balance
$47,505
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$248,663

Purchase Details

Closed on
May 11, 2007
Sold by
Little Patricia Jean and Weber Patricia Jean
Bought by
Weber Thomas Albert
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Humphrey Mark A $140,000 Up North Title
Weber Thomas Albert -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Humphrey Mark A $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2020 10/01/20 Sold $145,000 -14.7% --
08/06/2020 08/06/20 Pending -- -- --
06/17/2020 06/17/20 For Sale $169,900 -- --
Source: Range Association of REALTORS®

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 $1,380 $147,600 $145,500 $2,100
2023 $1,380 $147,600 $145,500 $2,100
2022 $1,463 $126,500 $124,800 $1,700
2021 $1,256 $126,300 $124,800 $1,500
2020 $1,170 $102,700 $101,200 $1,500
2019 $1,060 $100,300 $99,200 $1,100
2018 $956 $92,400 $91,300 $1,100
2017 $966 $82,600 $81,800 $800
2016 $972 $82,600 $81,800 $800
2015 $959 $80,700 $80,000 $700
2014 $959 $80,700 $80,000 $700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Scott Beaudette

    Culbert Realty

    (218) 780-2321

    32 Total Sales

    Scott Beaudette
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Map

Source: Range Association of REALTORS®

MLS Number: 139637

Range Association of REALTORS®

APN: 665010000020

Minnesota St Louis County Tower 55790

5823 N Pine Island, Tower, MN

Not Listed for Sale

Lots

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