NOT LISTED FOR SALE

5880 Echo Point Rd Tower, MN 55790

Estimated Value: $429,000 - $719,000

2 Beds
1.5 Baths
1,696 Sq Ft
$349/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $400,000 $236 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,623/month

About This Home

As of December 2020

First time on Market.... This 2BR Vermilion Log home has it all..the roomy Main Bedroom is on main level, with the second up in the sleeping loft. with bath. The bonus sun room is perfect for your morning coffee or afternoon reading. , The large level lot offers Great Privacy. The lakeside storage building has the possibility to be a future dry boat house and/or a sauna with storage to spare. The 32 x 40 garage with shop provides enough storage for all of the toys. All of this is situated located on about 2 ac with 142 feet of shoreline.. With a few finishing touches this could be your forever lake home.. Very likely one of the best values on the lake right now... All measurements approx.

Last Agent to Sell the Property

David Culbert

Culbert Realty License #40160489 Listed on: 08/25/2020

Last Buyer's Agent

Greg Hoffman

Edina Realty, Inc. License #20381267

Edina Realty, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,986

Year Built

  • Built in 1998

Lot Details

  • 1.6 Acre Lot
  • Irregular Lot
  • Property is zoned R11

Parking

  • 3 Car Garage

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Log Siding

Interior Spaces

  • 1,696 Sq Ft Home
  • 1.5-Story Property
  • Heated Floors
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1.5 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Well
  • Electric Water Heater
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 270-0021-00120

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,986

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Log
  • Heat: Dual Fuel/Off Peak, In-Floor, Hot Water
  • Irregular Lot Size: Yes
  • Main Level Bathrooms: .5
  • Number Of Bedrooms: 2
  • Parcel Code Number: 270-0021-00120
  • Patioporch: Deck
  • Real Estate Tax: 4986
  • Style: 1 1/2 Story
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 1696
  • Bedroom 1: Size: 13x14, On Level: Main
  • Total Bathrooms: 1.5
  • Appliances: Electric Range, Refrigerator, Washer, Elec. Dryer
  • Basement: Slab
  • Bedroom 2: Size: 12x20, On Level: Upper
  • Kitchen: Size: 14x14, On Level: Main
  • Living Room: Size: 16x30, On Level: Main
  • Main Level Bedrooms: 1
  • Other Room 2: Sun Room, Size: 14x16
  • Rec Room: Size: 14x16, On Level: Main

Exterior Features

  • Exterior: Log
  • Roof: Asphalt

Garage/Parking

  • Garage: 3+ Stalls
  • Garage Capacity: 3
  • Garage Size: 32x40

Utilities

  • Utilities: Septic, Well
  • Water Heater: Electric

Lot Info

  • Lot Size: Dimensions: 796x142
  • Number Of Acres: 1.6
  • Zoning: R11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2020
Closed on
Dec 16, 2020
Sold by
Forseen Karen L and Forseen Brad
Bought by
Ketola Kurt Robert and Ketola Lisa Marie
Seller's Agent
David Culbert
Culbert Realty
Buyer's Agent
Greg Hoffman
Edina Realty, Inc.
List Price
$449,500
Sold Price
$400,000
Premium/Discount to List
-$49,500
-11.01%
Current Estimated Value
$592,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$192,136
Avg. Annual Appreciation
8.41%
Original Mortgage
$320,000
Interest Rate
2.65%
Mortgage Type
New Conventional
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
Ketola Kurt Robert $400,000 None Available
Ketola Kurt Kurt $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ketola Kurt Robert $320,000
Closed Ketola Kurt Kurt $320,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2020 12/18/20 Sold $400,000 -7.9% $236 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
09/14/2020 09/14/20 Price Changed $434,500 -3.3% $256 / Sq Ft
08/25/2020 08/25/20 For Sale $449,500 -- $265 / 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 $6,112 $517,400 $202,200 $315,200
2023 $6,112 $468,700 $188,500 $280,200
2022 $5,440 $449,400 $180,900 $268,500
2021 $4,600 $374,400 $153,500 $220,900
2020 $5,056 $354,600 $153,500 $201,100
2019 $4,612 $382,800 $165,600 $217,200
2018 $4,382 $368,500 $151,300 $217,200
2017 $4,342 $347,400 $151,300 $196,100
2016 $4,374 $346,600 $151,300 $195,300
2015 $4,613 $348,700 $145,000 $203,700
2014 $4,613 $348,700 $145,000 $203,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    David Culbert

    Culbert Realty

    Section Image
  • Greg Hoffman

    Buyer's Agent in 2020

    Greg Hoffman

    Edina Realty, Inc.

    (800) 584-9426

    159 Total Sales

    Greg Hoffman
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 140136

Range Association of REALTORS®

APN: 270002100120

Minnesota St Louis County Tower 55790

5880 Echo Point Rd, Tower, MN

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