NOT LISTED FOR SALE

95816 NW Pine Island Tower, MN 55790

Estimated Value: $251,010 - $306,000

4.5 Acres
$60,964 Price per Acre
196,020 Sq Ft Lot

Last Sold August 09, 2024

Last sale price $250,000

Est. 10% increase in value since last sale

Current estimated payment $1,597/month

177 Days on Market

Highlights

  • Private Waterfront
  • Bay View
  • Landscaped with Trees
  • Beach Access
  • No HOA

About This Lot

As of August 2024

Beautiful large lot with 840' of actual shoreline and 4.5 acres on Lake Vermilion in northern Minnesota. Located on the western end of Pine Island, this prime building lot is ready for you to start your cabin plans. Includes a Certificate of Survey, approval for septic sites, electricity, and only a few minutes from the nearest marina or public access. New lift-up dock is included. Your dream getaway awaits amid upland bedrock pine, birch, and aspen forests. Fall in love with the good life on northern Minnesota's crown jewel, Lake Vermilion.

Last Agent to Sell the Property

Barbara Hegg

Vermilion Land Office, Inc Listed on: 02/06/2024

Last Buyer's Agent

Barbara Hegg

Vermilion Land Office, Inc Listed on: 02/06/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,252

Lot Details

  • 4.5 Acre Lot
  • Lot Dimensions are 716x589
  • Private Waterfront
  • 840 Feet of Waterfront
  • Lake Front
  • Landscaped with Trees

Property Views

  • Bay
  • Lake

Community Details

Overview

  • No Home Owners Association

Recreation

  • Beach Access

Property Details

Property Type

Land

Est. Annual Taxes

$1,252

Lot Details

0

Listing Details

  • Class: LOT/LAND
  • Directions: Via boat from Moccasin Point, Shamrock Marina, Gruben's Marina or any public landing access on the lake.
  • Waterfront Info Lake Maximum Depth: 76
  • L O1 Office Phone1 Number: 218-753-8985
  • Renewal Options: Sell Entirely
  • List Price/ Sq Ft: 55555.56
  • RdBtwnWtrfrnt: No
  • Road Maintenance: None
  • ShorelineCharacteristics: Undeveloped, Shore-Accessible
  • Property Sub-Type: Residential
  • Tax Year: 2024
  • Twp Number: 63
  • View Type:Pond View: Bay, Inland Lake
  • Lot Description Waterfront: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • LakeAcres: 39373.5
  • Road Frontage: None
  • Waterfront Access: Private
  • Water Frontage In Feet: 840
  • Waterfront Name: Vermilion

Utilities

  • Available Utilities: Electric
  • Power Company: Lake Country Power

Condo/Co-op/Association

  • Association Fee: No

Schools

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

Lot Info

  • Geo Update Timestamp: 2024-02-07
  • Estimated Lot Dimensions: 716x589
  • Estimated Number of Acres: 4.5
  • Cultivated Acreage: LSAR
  • Builder Restrictions: None
  • Development Status: Raw Land
  • Land Improvements: No
  • Lot Description: Accessible Shoreline, Tree Coverage - Medium
  • Waterfront Type: Inland Lake

Rental Info

  • Lease Terms: Cash, Conventional

Tax Info

  • Tax Amount: 1252

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2024
Closed on
Aug 6, 2024
Sold by
Bonita J Fogarty Revocable Trust and Fogarty Terence M
Bought by
Sullivan Stephen C and Sullivan Jacquelyn K
Seller's Agent
Barbara Hegg
Vermilion Land Office, Inc
Buyer's Agent
Barbara Hegg
Vermilion Land Office, Inc
List Price
$295,000
Sold Price
$250,000
Premium/Discount to List
-$45,000
-15.25%
Current Estimated Value
$274,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,337
Avg. Annual Appreciation
1.77%
Original Mortgage
$200,000
Outstanding Balance
$195,533
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$59,329

Purchase Details

Closed on
Apr 7, 2016
Sold by
Fogarty Terence M
Bought by
Fogarty Bonita J and Bonita J Fogarty Revocable Trust
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
Sullivan Stephen C $250,000 None Listed On Document
Fogarty Bonita J -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Stephen C $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $250,000 -15.3% --
08/01/2024 08/01/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $295,000 -- --
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 $1,616 $154,400 $154,400 $0
2022 $1,556 $154,400 $154,400 $0
2021 $1,556 $154,400 $154,400 $0
2020 $2,510 $154,400 $154,400 $0
2019 $2,278 $240,000 $240,000 $0
2018 $2,322 $218,100 $218,100 $0
2017 $2,274 $218,200 $218,200 $0
2016 $2,330 $218,200 $218,200 $0
2015 $2,325 $176,400 $176,400 $0
2014 $2,325 $193,800 $193,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Hegg

    Seller's Agent in 2024

    Barbara Hegg

    Vermilion Land Office, Inc

    (218) 742-2369

    212 Total Sales

    Barbara Hegg
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6112178

APN: 387039100040

Minnesota St Louis County Tower 55790

95816 NW Pine Island, Tower, MN

This home is located at 95816 NW Pine Island, Tower, MN 55790 since 06 February 2024 and is currently estimated at $274,337. 95816 NW Pine Island is a home located in St. Louis County with nearby schools including Tower-Soudan Elementary School.

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