NOT LISTED FOR SALE

95240 Pine Island Tower, MN 55790

Estimated Value: $127,159

12 Acres
$10,423 Price per Acre
531,432 Sq Ft Lot

Last Sold February 01, 2023

Last sale price $110,900

Est. 15% increase in value since last sale

Current estimated payment $848/month

248 Days on Market

Highlights

  • 482 Feet of Lake Waterfront
  • Hilly Lot
  • Level Lot

About This Lot

As of February 2023

This beautiful Pine Island Parcel has 428+ - feet of Westerly facing undeveloped accessible shoreline with 12.2 +- acres of heavily wooded mixed high and low land. Enjoy the peacefully quiet neighborhood on one of lake Vermilion's premier islands as you boat, hunt, and fish until your hearts is content- only minutes from access into the BWCAW through the Trout Lake Portage! This parcel has has been surveyed and has 2 approved septic sites. The existing cabin is most likely a tear down. What an opportunity to build your Lake Vermilion Legacy Property!

Last Agent to Sell the Property

Jim Burke

Keller Williams Classic Realty Northwest License #40669422 Listed on: 05/11/2022

Keller Williams Classic Realty Northwest

Last Buyer's Agent

Taryn Sandberg

B.I.C. Realty License #20549366

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $798

Lot Details

  • 12.2 Acre Lot
  • Lot Dimensions are 428 x 2,107
  • 482 Feet of Lake Waterfront
  • Lake Front
  • Level Lot
  • Irregular Lot
  • Hilly Lot
  • Property is zoned RES-5

Outdoor Features

  • Boat Access Only

Property Details

Property Type

Land

Est. Annual Taxes

$798

Lot Details

0

Listing Details

  • Class: Lots/Land
  • Irregular Lot Size: Yes
  • Lvt Date: 05/11/2022
  • Real Estate Tax: 798
  • Type: Waterfront
  • Dnr Lake Id Number: 69037800
  • Lot Size Length: 428
  • Lot Size Width: 2107
  • Lake Frontage: 482
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Waterfront Name: Vermilion
  • Waterfront: 1 - Lake

Schools

  • School District: Tower/Soudan

Lot Info

  • Number Of Acres: 12.2
  • Zoning: RES-5
  • Land Description: Water access only.
  • Topography: Low, Boat Access Only, Hilly, Level, Rolling

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2022
Closed on
Feb 1, 2023
Sold by
Pine Island Development Corporation
Bought by
Froehlingsdorf Joseph W and Froehlingsdorf Ida
Seller's Agent
Jim Burke
Keller Williams Classic Realty Northwest
Buyer's Agent
Taryn Sandberg
B.I.C. Realty
List Price
$139,900
Sold Price
$110,900
Premium/Discount to List
-$29,000
-20.73%
Views
8
Current Estimated Value
$127,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,259
Avg. Annual Appreciation
6.04%
Original Mortgage
$80,600
Outstanding Balance
$75,847
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$52,649
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Froehlingsdorf Joseph W $110,900 All American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Froehlingsdorf Joseph W $80,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2023 02/01/23 Sold $110,900 -7.5% --
01/14/2023 01/14/23 Pending -- -- --
12/22/2022 12/22/22 Price Changed $119,900 -7.7% --
08/30/2022 08/30/22 Price Changed $129,900 -7.1% --
05/11/2022 05/11/22 For Sale $139,900 -- --
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 $1,738 $95,300 $95,100 $200
2022 $798 $95,300 $95,100 $200
2021 $786 $95,300 $95,100 $200
2020 $798 $95,300 $95,100 $200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jim Burke

    Keller Williams Classic Realty Northwest

    Section Image

  • T

    Buyer's Agent in 2023

    Taryn Sandberg

    B.I.C. Realty

    (218) 780-1062

    152 Total Sales

    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 143301

Range Association of REALTORS®

APN: 387002003301

Minnesota St Louis County Tower 55790

95240 Pine Island, Tower, MN

This home is located at 95240 Pine Island, Tower, MN 55790 since 11 May 2022 and is currently estimated at $127,159. 95240 Pine Island 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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