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1579 Mckinley Park Acres Rd, Tower, MN, 55790

$445,000

Home List Price

$5,284*

Closing Credit

3 Bedrooms
1 Full Bath
2,408 SqFt
$185/SqFt
House

Location

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1579 Mckinley Park Acres Rd, Tower$445,000

Buyer Closing Credits

$5,284*

1.25% Loan Amount

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Property Highlights

ParkingDetached
Garage2 spaces
Year Built1977
HeatingFireplace(s), Forced Air, Propane, Electric
WaterfrontLake
FireplaceWood Burning
ViewLake
MLS #6114347
Lot Size1.62 Acres
StatusActive
(ACTIVE)

About 1579 Mckinley Park Acres Rd

Welcome to northern Minnesota wilderness, with the reputable fishing and panoramic views that Lake Vermilion has to offer! This lake-home is looking for an owner that is ready to revitalize this 3-bed, 2-bathroom home. Now cleared out and ready for a new start. This home sits on over 1.5 acres of privately owned land on Lake Vermilion with 155-ft of water frontage, and is surrounded by aspen, birch and pine trees. The main floor features the kitchen / dining space that flows into a living room with a walk-out, spacious balcony. This floor also features all three bedrooms and a full bathroom. The basement beholds plenty of space for a comfortable family room, a second bathroom that's shared with the sauna, and the utility / laundry area. Exit onto the lower deck and enjoy the lake view from here or the enclosed porch. Have a fire down by the water, and toss a line in from the dock! At the moment, lake water is pumped to the house and fed through a filtration and water softener systems to be used. Property has a drain field septic system, scheduled to be tested. This property also includes a 2-stall detached garage with power, a small insulated guest house, and a shed at the properties edge.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch/Rambler
  • Year Built: 1977
  • Stories: 2
  • Living Area: 2,408 SqFt

Listing Office:

  • Office Name: RE/MAX Results
  • Listing Agent: Korey Dropkin

Interior Features

Interior Information:

  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake
  • Exterior: Balcony, Deck

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot: Some Trees
  • Lot Size: 1.62 Acres

Utilities

Utilities Information:

  • Heating: Fireplace(s), Forced Air, Propane, Electric

School Info

Assigned Schools Information:

  • Northeast Range Secondary School, Public District Grades 7-12
  • Tower-Soudan Elementary School, Public District Grades PK-6

Other

Directions Information:

  • Directions: North on Rice Lake Rd to Vermilion Trail. Right on MN-135. Right on MN-169 in Tower. Left on 697 (Main St). Right on McKinley Park Acres Rd. Take a left to stay on McKinley Park Acres Rd. Property will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $445,000
  • Price Per SqFt: $185/SqFt

Tax Information:

  • Annual Amount: $5,560
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Tower, MN.

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Tower, MN

City

Med. Sold Price

$395K

Med. Price/SqFt

$321

Avg. Days On Market

136

# of Sold Homes

9

1579 Mckinley Park Acres Rd vs Tower

140 DAYS ON ROCKET

+4 Days

$445,000

+$50K More

$185/SqFt

-$137 Less

KEY TAKEAWAY

This property is $50K more than the Median Sold Price and $137/SqFt less than other homes in Tower, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6114347

Listing Office:

  • Office Name: RE/MAX Results
  • Listing Agent: Korey Dropkin

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 7:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$5,560$419,300
2019$5,810$434,300
2017$5,064$392,111

History based on county public records data.

Payment Calculator

$2,288

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,401

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1940787
2
/10

  • Tower-Soudan Elementary School

  • 415 North 2nd St

  • 1.72 miles

  • Public District Grades PK-6

High School

school-card-donut-1940788
6
/10

  • Northeast Range Secondary School

  • 30 South Dr

  • 17.19 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,676. Typical income of Tower, MN residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1579 Mckinley Park Acres Rd

What is the listing price of this property?

The listing price of 1579 Mckinley Park Acres Rd property is $445,000.

What type of property is this?

The property 1579 Mckinley Park Acres Rd is a house located in Tower, Minnesota, 55790.

Is this property for sale now?

Active Listing: 1579 Mckinley Park Acres Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1579 Mckinley Park Acres Rd are:
Tower-Soudan Elementary School: GreatSchools Rating 2/10
Northeast Range Secondary School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $5,560 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1579 Mckinley Park Acres Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1579 Mckinley Park Acres Rd is 2,408 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1579 Mckinley Park Acres Rd is 1977.

Rocket Homes›Minnesota›Saint Louis County›Tower›55790›1579 Mckinley Park Acres Rd

This home is located at 1579 Mckinley Park Acres Rd in Tower, MN and zip code 55790. This 2,408 square foot home, which was built in 1977, sits on a 1.62 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 17, 2024 and is currently priced at $445,000.

In October 2024 more than 2 listings in Tower, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 7 were sold below. The number of listings in Tower, MN decreased by 20% between September 2024 and October 2024. In October 2024, listings were on the market for 136 days. During the same period, the median list price in this real estate market was $395,000.

From Rocket Homes Real Estate and based on county public records data.

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