Sold for $475,000

$475,000

1615 Merganser Drive, Tower, MN 55790

3beds

816sqft

Single Family Residence

Built in 1975

0.65 Acres Lot

$554,800 Zestimate^®

$582/sqft

$1,520 Estimated rent

Home value

$554,800

$460,000 - $655,000

$1,520/mo

Zestimate^® history

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$1,520/mo

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$1,520/mo

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$2,964/mo

Est. payment

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$2,964/mo

Est. payment

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What's special

Nestled on a serene point overlooking the sparkling waters of Lake Vermilion, this charming 3 bedroom, 1 bath log cottage offers the quintessential lakeside retreat situated on 445' of shoreline. The cottage features an open floor plan with a vaulted ceiling, a stone fireplace and plenty of windows to enjoy the beautiful lake views. The property includes a private dock, providing easy access to the lake's 40,000 acres of water perfect for boating, fishing and water sports. Whether you're seeking a peaceful weekend getaway or a summer home to create lifelong memories, this log cottage on Lake Vermilion is a rare find that combines natural beauty, privacy, and the ultimate lakeside living experience.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
3/4 bathrooms: 1
Main level bedrooms: 1

Bedroom

Level: Main
Area: 78.26 Square Feet
Dimensions: 8.6 x 9.1

Bedroom

Level: Main
Area: 79.17 Square Feet
Dimensions: 8.7 x 9.1

Bedroom

Level: Main
Area: 64.61 Square Feet
Dimensions: 7.1 x 9.1

Kitchen

Level: Main
Area: 139.1 Square Feet
Dimensions: 10.7 x 13

Living room

Description: Stone fireplace, vaulted ceiling, DR combination
Level: Main
Area: 295.1 Square Feet
Dimensions: 13 x 22.7

Heating

Wood, Electric

Cooling

None

Appliances

Included: Water Heater-Electric, Microwave, Range, Refrigerator

Features

Natural Woodwork, Vaulted Ceiling(s), Beamed Ceilings
Basement: N/A
Number of fireplaces: 2
Fireplace features: Wood Burning

Interior area

Total interior livable area: 816 sqft
Finished area above ground: 816
Finished area below ground: 0

Property

Parking

Parking features: Gravel, None

Features

Patio & porch: Deck
Exterior features: Dock
Has view: Yes
View description: Inland Lake, Bay
Has water view: Yes
Water view: Lake,Bay
Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Rocky, Undeveloped, Shore-Accessible)
Body of water: Vermilion
Frontage length: 445

Lot

Size: 0.65 Acres
Dimensions: 257 x 229
Features: Accessible Shoreline, Some Trees, Level
Residential vegetation: Partially Wooded

Details

Foundation area: 816
Parcel number: 270007000480; 270007000472

Construction

Type & style

Home type: SingleFamily
Architectural style: Log
Property subtype: Single Family Residence

Materials

Log, Log Home
Roof: Asphalt Shingle

Condition

Previously Owned
Year built: 1975

Utilities & green energy

Electric: Lake Country Power
Sewer: Private Sewer
Water: Private

Community & HOA

HOA

Has HOA: No

Location

Region: Tower

Financial & listing details

Price per square foot: $582/sqft
Tax assessed value: $451,000
Annual tax amount: $5,067
Date on market: 8/15/2024
Cumulative days on market: 27 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
10/18/2024	Sold	$475,000-9.5%$582/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115546 Report a problem
9/11/2024	Pending sale	$525,000$643/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6115546 Report a problem
8/14/2024	Listed for sale	$525,000$643/sqft
Source: Range AOR #147263 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$4,980 -1.3%	$451,000 +8.2%
2023	$5,046 +2.6%	$416,900 +4.3%
2022	$4,918 -8.6%	$399,900 +18.2%
2021	$5,382	$338,400 -8.4%
2020	$5,382	$369,500
2019	$5,382 +11.2%	$369,500 +10%
2018	$4,842 -0.3%	$335,800
2017	$4,856 +0.3%	$335,800
2016	$4,842 +0.2%	$335,800 -6.2%
2015	$4,832 -0.1%	$358,100
2014	$4,838 -14.8%	$358,100
2013	$5,678 +0.4%	$358,100
2012	$5,655 -12.8%	$358,100 -25.8%
2011	$6,486 -10.1%	$482,300 -9.8%
2010	$7,213	$534,800
2009	$7,213 +46.6%	$534,800 +41.1%
2008	$4,919 +14.6%	$379,000 +25.4%
2007	$4,291 +26.3%	$302,300 +22.8%
2006	$3,397 +15.8%	$246,200 +55.1%
2004	$2,934 +12.4%	$158,700 +18.3%
2003	$2,611 +12.8%	$134,200 +19.2%
2002	$2,315 +9.1%	$112,600 +8.5%
2001	$2,122 +8.2%	$103,800 +11.1%
2000	$1,962	$93,400