$732,000
SOLD JUL 31, 2018

5855 Echo Point Rd Tower, MN 55790

2 Beds
2 Baths
2,840 Sq Ft
2.44 Acres

Recently Sold

$258 Per Sq Ft

8% Below List Price

13 Days on Market

About This Home

As of April 2025

Northern MN getaway on Lake Vermilion! TWO homes for the price of ONE. Great VRBO/Airbnb opportunity! West facing & nestled in a cove off Big Bay, almost 2.5 acres & over 240' of level lake-shore. Minutes from Tower's airport, Seaplane Base & Wilderness Golf Course. 3 car heated GA w/ workshop attached to guesthouse that sleeps 4-6 comfortably. Lake home has 2 car attached GA w/ in floor heat and beautiful Timber Frame Beams throughout. Open dinning rm/kitchen great for entertaining! Walkout tiled basement w/ fire place leads to the private sand beach, fire pit area and boat house! Must SEE!

Last Agent to Sell the Property

Timothy Lillquist

Edina Realty, Inc. License #40328903 Listed on: 05/11/2018

Edina Realty, Inc.

Last Buyer's Agent

Member Non

NON-MEMBER

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2025
Closed on
Mar 28, 2025
Sold by
Jensen Steve G and Cassidy-Jensen Colleen M
Bought by
Andreasen Karl and Strand Cynthia
Seller's Agent
Chessica Olson
z' Up North Realty
Buyer's Agent
Chessica Olson
z' Up North Realty
Sold Price
$1,335,000
Views
1
Current Estimated Value
$1,378,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,787
Avg. Annual Appreciation
-33.45%

Purchase Details

Listed on
May 11, 2018
Closed on
Jul 13, 2018
Sold by
Lillibridge Karen Diane
Bought by
Jensen Steve G and Cassidy Jensen Colleen M
Seller's Agent
Timothy Lillquist
Edina Realty, Inc.
Buyer's Agent
Member Non
NON-MEMBER
List Price
$795,000
Sold Price
$732,000
Premium/Discount to List
-$63,000
-7.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.43%
Original Mortgage
$224,500
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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ICE

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $1,375,000 Ancona Title
Deed $732,000 Northeast Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $224,500 New Conventional
Previous Owner $475,000 Commercial
Previous Owner $489,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Sold $1,335,000 -2.9% $284 / Sq Ft
04/01/2025 04/01/25 Sold $1,375,000 -5.2% $411 / Sq Ft
03/28/2025 03/28/25 Pending -- -- --
02/10/2025 02/10/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $1,450,000 +98.1% $433 / Sq Ft
07/31/2018 07/31/18 Sold $732,000 -7.9% $258 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
05/11/2018 05/11/18 For Sale $795,000 -- $280 / 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
2023 $11,488 $802,300 $278,500 $523,800
2022 $9,836 $770,800 $268,000 $502,800
2021 $9,716 $642,100 $229,900 $412,200
2020 $10,886 $642,100 $229,900 $412,200
2019 $8,616 $697,300 $240,100 $457,200
2018 $8,090 $634,000 $218,900 $415,100
2017 $8,040 $593,800 $219,000 $374,800
2016 $8,100 $593,800 $219,000 $374,800
2015 $9,209 $650,600 $222,100 $428,500
2014 $9,209 $643,600 $222,100 $421,500
Source: Public Records

Agents Affiliated with this Home

  • Linda Powers

    Seller's Agent in 2025

    Linda Powers

    LaBelle Real Estate Group Inc

    (651) 315-4119

    114 Total Sales

    Linda Powers
    Section Image
  • Chessica Olson

    Seller's Agent in 2025

    Chessica Olson

    z' Up North Realty

    (763) 257-5080

    65 Total Sales

    Chessica Olson
    Section Image
  • Timothy Lillquist

    Seller's Agent in 2018

    Timothy Lillquist

    Edina Realty, Inc.

    (612) 834-5769

    42 Total Sales

    Timothy Lillquist
    Section Image

  • M

    Buyer's Agent in 2018

    Member Non

    NON-MEMBER

See All Agents

Map

Source: Range Association of REALTORS®

MLS Number: 134503

Range Association of REALTORS®

APN: 270002200050

Minnesota St Louis County Tower 55790

5855 Echo Point Rd, Tower, MN

This home is located at 5855 Echo Point Rd, Tower, MN 55790 and is currently priced at $732,000, approximately $257 per square foot. This property was built in 2006. 5855 Echo Point Rd is a home located in St. Louis County with nearby schools including Tower-Soudan Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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