Sold for $157,000

$157,000

5313 N Pine Island, Tower, MN 55790

3beds

938sqft

Single Family Residence

Built in 1994

3.92 Acres Lot

$162,800 Zestimate^®

$167/sqft

$1,723 Estimated rent

Home value

$162,800

$140,000 - $190,000

$1,723/mo

Zestimate^® history

Owner options

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$1,723/mo

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$1,723/mo

Rent Zestimate^®

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$804/mo

Est. payment

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$804/mo

Est. payment

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What's special

Secluded Island Retreat W/Island Studded Views Set In Pine Forest & Rock Outcroppings On Lake Vermilion, Near Trout Lake Portage Into The Boundary Waters! Short Boat Ride Across Calm Water To Glenwood Lodge or Rice Bay Public Landing. Set on 3.9 acres & 261 ft east facing shoreline with mesmerizing morning sun & evening moon rises. As Is fixer upper cabin offers 1,118 SF, 3B/1B, kitchen open to dining, livingroom, lakeside windows & deck; gas & electric lights; gas, electric & wood heat; cedar siding; metal roof. Permanent electricity. Dock. Survey. Easement for cabin encroachment. Fix up the home or remove it and build your dream cabin!

Facts & features

Interior

Bedrooms & bathrooms

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

Bedroom

Level: Main
Area: 132.25 Square Feet
Dimensions: 11.5 x 11.5

Bedroom

Level: Upper
Area: 72 Square Feet
Dimensions: 6 x 12

Bedroom

Level: Upper
Area: 60 Square Feet
Dimensions: 6 x 10

Dining room

Level: Main
Area: 143 Square Feet
Dimensions: 11 x 13

Kitchen

Level: Main
Area: 75 Square Feet
Dimensions: 7.5 x 10

Living room

Level: Main
Area: 176 Square Feet
Dimensions: 11 x 16

Heating

Wall Unit(s), Wood, Propane

Appliances

Included: Dryer, Range, Refrigerator, Washer

Features

Ceiling Fan(s), Natural Woodwork
Basement: Partial
Has fireplace: No

Interior area

Total interior livable area: 938 sqft
Finished area above ground: 690
Finished area below ground: 248

Property

Parking

Parking features: None, None

Features

Patio & porch: Porch
Exterior features: Dock
Has view: Yes
View description: Inland Lake, Panoramic
Has water view: Yes
Water view: Lake
Waterfront features: Inland Lake, Waterfront Access(Private), Shoreline Characteristics(Gravel)
Body of water: Vermilion
Frontage length: 261

Lot

Size: 3.92 Acres
Dimensions: 764 x 261
Features: Irregular Lot, Many Trees, Rolling Slope, BWCA Access
Residential vegetation: Heavily Wooded

Details

Additional structures: Storage Shed
Foundation area: 690
Parcel number: 665004600090

Construction

Type & style

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

Materials

Wood, Frame/Wood
Foundation: Wood
Roof: Asphalt Shingle,Metal

Condition

Previously Owned
New construction: No
Year built: 1994

Utilities & green energy

Electric: Lake Country Power
Sewer: None
Water: None

Community & HOA

HOA

Has HOA: No

Location

Region: Tower

Financial & listing details

Price per square foot: $167/sqft
Tax assessed value: $87,400
Annual tax amount: $799
Date on market: 1/1/2025
Cumulative days on market: 617 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
5/21/2025	Sold	$157,000-14.7%$167/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6117363 Report a problem
4/7/2025	Pending sale	$184,000$196/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6117363 Report a problem
1/1/2025	Listed for sale	$184,000$196/sqft
Source: Range AOR #147818 Report a problem
9/19/2024	Listing removed	$184,000$196/sqft
Source: NorthstarMLS as distributed by MLS GRID #6476307 Report a problem
7/30/2024	Price change	$184,000-2.6%$196/sqft
Source: NorthstarMLS as distributed by MLS GRID #6476307 Report a problem
6/18/2024	Price change	$189,000-2.6%$201/sqft
Source: Range AOR #145406 Report a problem
5/28/2024	Price change	$194,000-2.3%$207/sqft
Source: Range AOR #145406 Report a problem
7/14/2023	Listed for sale	$198,500$212/sqft
Source: Range AOR #145406 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$694 +24.8%	$87,400 -24.7%
2023	$556 -9.4%	$116,000 +17.2%
2022	$614 -11.5%	$99,000 +2.4%
2021	$694	$96,700 -5.8%
2020	$694	$102,600
2019	$694 +23.9%	$102,600 +10%
2018	$560 -15.2%	$93,300
2017	$660 +17.9%	$93,300 +2.8%
2016	$560 +5.3%	$90,800 +15.7%
2015	$532 -0.4%	$78,500
2014	$534 -16%	$78,500
2013	$636 +7%	$78,500
2012	$594 -1.6%	$78,500 -35%
2011	$604 +3.3%	$120,700
2010	$585	$120,700
2009	$585 +21%	$120,700 -3.7%
2008	$483 +20.4%	$125,400 +15%
2007	$401 +43.4%	$109,000 +15.8%
2006	$280 -62.1%	$94,100 +50.1%
2004	$738 +8.1%	$62,700 +15.7%
2003	$683 +250.3%	$54,200 +16.1%
2002	$195 -7.4%	$46,700 +15.3%
2001	$211 +14.5%	$40,500 +27.8%
2000	$184	$31,700