Sold for $815,000

$815,000

4010 County Rd 77, Tower, MN 55790

3beds

880sqft

Single Family Residence

Built in 1927

86 Acres Lot

$-- Zestimate^®

$926/sqft

$1,551 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,551/mo

Zestimate^® history

Owner options

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$1,551/mo

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$5,106/mo

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$5,106/mo

Est. payment

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What's special

This is a rare and exceptional opportunity to create your legacy on the shores of Lake Vermilion. With 1500 feet of prime lakeshore, 87 acre parcel of unspoiled beauty, & a unique boathouse with a 4-season living area above awaiting your touch, this property is truly a masterpiece in the making. This cherished family compound has been in the same family for nearly a century. Preserving the authenticity of the land, an original 1927 log structure graces the property. While of limited value, it serves as a testament to the rich history that this land holds. Towering pines and rocky outcroppings dot the landscape, sunny southern exposure on Daisy Bay, electricity, & approved septic sites complete this package Whether you envision a rustic cabin tucked away in the woods or an elegant lakeside estate, the property offers numerous level building sites to accommodate your vision. Plus 1400' of Fectos Rd frontage for possible building sites! First time on the market!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 1

Garage

Area: 552
Dimensions: 23 x 24

Heating

Forced Air, Wood, Propane

Cooling

None

Features

Basement: N/A
Number of fireplaces: 1
Fireplace features: Wood Burning

Interior area

Total interior livable area: 880 sqft
Finished area above ground: 880
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Gravel, Detached
Garage spaces: 2

Features

Levels: Multi-Level
Has view: Yes
View description: Bay, Inland Lake
Has water view: Yes
Water view: Bay,Lake
Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Hard, Rocky, Undeveloped, Shore-Accessible)
Body of water: Vermilion
Frontage length: 1500

Lot

Size: 86 Acres
Dimensions: 1400 x 2800
Features: Accessible Shoreline, Some Trees
Residential vegetation: Partially Wooded

Details

Foundation area: 880
Parcel number: 387001000860,00870

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Brick, Other, Wood, Concrete Block, Frame/Wood
Roof: Asphalt Shingle

Condition

Previously Owned
Year built: 1927

Utilities & green energy

Electric: Lake Country Power
Water: None

Community & HOA

HOA

Has HOA: No

Location

Region: Tower

Financial & listing details

Price per square foot: $926/sqft
Tax assessed value: $71,300
Annual tax amount: $6,832
Date on market: 8/22/2023
Cumulative days on market: 17 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
10/1/2024	Listing removed	$419,500$477/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112440 Report a problem
9/4/2024	Price change	$419,500-3.6%$477/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112440 Report a problem
3/8/2024	Listed for sale	$435,000-46.6%$494/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112440 Report a problem
10/12/2023	Sold	$815,000+2.1%$926/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6110170 Report a problem
9/8/2023	Pending sale	$798,600$908/sqft
Source: NorthstarMLS as distributed by MLS GRID #6416466 Report a problem
9/7/2023	Contingent	$798,600$908/sqft
Source: Range AOR #145637 Report a problem
8/21/2023	Listed for sale	$798,600$908/sqft
Source: Range AOR #145637 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$240 +7.1%	$71,300 +102.6%
2023	$224 +4.7%	$35,200 +15%
2022	$214 -0.9%	$30,600 +20%
2021	$216	$25,500
2020	$216	$25,500
2019	$216 -11.5%	$25,500 -9.9%
2018	$244 +1.7%	$28,300
2017	$240 -1.6%	$28,300
2016	$244 -1.6%	$28,300 -26.7%
2015	$248 -2.4%	$38,600
2014	$254 -48.7%	$38,600 -33.4%
2008	$495 +16.6%	$58,000 +24.5%
2007	$424 +10.8%	$46,600 +23.3%
2006	$383 +23.1%	$37,800 +47.7%
2004	$311 +4.7%	$25,600 +13.3%
2003	$297 +9.3%	$22,600 +10.2%
2002	$272	$20,500