NOT LISTED FOR SALE

7311 Frazer Bay Rd Unit Lake Vermilion Cook, MN 55723

Estimated Value: $291,667 - $422,000

2 Beds
1 Bath
512 Sq Ft
$747/Sq Ft Est. Value

Last Sold January 07, 2016

Last sale price $67,900 $133 Per Sq Ft

Est. 464% increase in value since last sale

Current estimated payment $2,245/month

13 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Great Room
  • Landscaped with Trees
  • Lake View
  • Paneling
  • 1-Story Property

About This Home

As of January 2016

Great Jumping Off Point! Whether you want to go to the Cook end or the Tower end of Lake Vermilion this lot on Frazer Bay is your answer! This is a great site for you to park your RV trailer and put in a dock for your boat. If you would like to use the one room cabin, it will need TLC.

Last Agent to Sell the Property

Don Schibel

Vermilion Land Office, Inc Listed on: 11/19/2015

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $398

Year Built

  • Built in 1950

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 50x120
  • 50 Feet of Waterfront
  • Property fronts a county road
  • Landscaped with Trees

Parking

  • No Garage

Home Design

  • Cabin
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 512 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Wood Burning Fireplace
  • Great Room
  • Lake Views
  • Crawl Space
  • Range

Utilities

  • No Cooling
  • Heating System Uses Wood
  • Water Not Available
  • Not Connected to Sewer

Listing and Financial Details

  • Assessor Parcel Number 387-0430-47980

Home Details

Home Type

Single Family

Est. Annual Taxes

$398

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: SINGLE FAMILY
  • Directions: Hwy 169 North towards Tower, at the "Y" store (Ledge), take left onto Hwy 77, follow until it turns to Hwy 115, follow to Frazer Bay Road to FN.
  • L O1 Office Phone1 Number: 218-753-8985
  • List Price/ Sq Ft: 132.62
  • PropAdjoinsPublicLand: No
  • ShorelineCharacteristics: Undeveloped, Shore-Vegetation
  • Property Sub-Type: SF/Detached
  • Tax Year: 2015
  • Twp Number: 62
  • View Type:Pond View: Inland Lake
  • Lot Description Waterfront: Yes
  • Air Conditioner: None
  • Reso Association Amenities: Panelled Walls
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 512
  • Garage Type: None
  • Heat: Fireplace, Wood
  • Reso Roof: Asphalt Shingles
  • Year Built: 1950
  • Level 1 Bedroom: Main
  • Property Style: Rustic Cabin
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: Concrete Block
  • Estimated Basement Sq Ft: 512
  • Basement Style: Crawl Space
  • Bathroom Description: None
  • Formal Dining: None
  • Fireplace: Yes
  • Den Fireplace Type: Wood Burning
  • Bathroom 1: Great Room
  • Stories: 1 Story
  • Total Fin Square Footage: 512

Exterior Features

  • Road Frontage: County
  • Water Frontage In Feet: 50
  • Waterfront Name: Vermilion
  • Construction Status: Previously Owned
  • Exterior: Other

Utilities

  • Power Company: Lake Country Power
  • Sewer: None
  • Water: None

Schools

  • School District: St. Louis County #2142
  • Junior High Dist: St. Louis County #2142

Lot Info

  • Geo Update Timestamp: 2016-01-08
  • Estimated Lot Dimensions: 50x120
  • Estimated Number of Acres: 0.14
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Tree Coverage - Medium, BWCA Area
  • Parcel Number: 387-0430-47980

Rental Info

  • Lease Terms: Cash

Tax Info

  • Tax Amount: 398

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2015
Closed on
Jan 7, 2016
Sold by
Cvek Steven J and Cvek John C
Bought by
Vest Christopher E and Vest Jody L
Seller's Agent
Don Schibel
Vermilion Land Office, Inc
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$67,900
Sold Price
$67,900
Current Estimated Value
$383,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$315,308
Avg. Annual Appreciation
20.29%

Purchase Details

Closed on
Aug 14, 2008
Sold by
Cvek Joseph J and Cvek Joseph J
Bought by
Cvek John C and Cvek Steven J
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
Vest Christopher E $67,900 Northeast Title Company
Cvek John C -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2016 01/07/16 Sold $67,900 0.0% $133 / Sq Ft
12/02/2015 12/02/15 Pending -- -- --
11/19/2015 11/19/15 For Sale $67,900 -- $133 / 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
2023 $1,762 $214,000 $104,100 $109,900
2022 $1,418 $162,900 $91,500 $71,400
2021 $1,172 $139,100 $79,500 $59,600
2020 $932 $115,700 $74,800 $40,900
2019 $818 $92,100 $61,400 $30,700
2018 $724 $81,800 $59,700 $22,100
2017 $708 $67,500 $58,200 $9,300
2016 $684 $67,500 $58,200 $9,300
2015 $418 $38,000 $34,800 $3,200
2014 $445 $38,100 $34,800 $3,300
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Don Schibel

    Vermilion Land Office, Inc

  • N

    Buyer's Agent in 2016

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6019403

APN: 387043047980

Minnesota St Louis County Cook 55723

7311 Frazer Bay Rd Unit Lake Vermilion, Cook, MN

This home is located at 7311 Frazer Bay Rd Unit Lake Vermilion, Cook, MN 55723 since 19 November 2015 and is currently estimated at $382,417, approximately $746 per square foot. This property was built in 1950. 7311 Frazer Bay Rd Unit Lake Vermilion 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.

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