This is a fantastic opportunity for a lakeside retreat and a stunning view of the bay! With a foundation (24X30) already set, this lot is primed for building, and the Common Interest Community offers extensive amenities that make it easy to enjoy the area without a lot of maintenance. Having 800 feet of shared shoreline on Lake Vermilion is incredible, especially with access to a sand beach, spa facilities, a boat slip, shared well and septic systems, and even lawn mowing services. Plus, with a shared dock with only one other member and ability to have a boat lift. It’s perfect for anyone who loves boating or water activities. Priced to sell!
Property Details
Property Features
Listing Office:
Office Name: Vermilion Land Office, Inc
Listing Agent: Barb Hegg
Exterior Features
Exterior Information:
Waterfront: Lake
View: Lake
Lot Features
Lot Information:
Lot: Accessible Shoreline, Few Trees, See Remarks
Lot Size: 0.24 Acres
Other
Directions Information:
Directions: From Cook, approximately 7 miles on Hwy 24. Turn Right at "Northern Pines Estates" sign. Keep left at "Y" and follow the driveway up the hill.
Price Information
Listing Price Info
Price Summary:
List Price: $197,500
HOA Fees:
Amount: $1450
Frequency: Annually
Tax Information:
Annual Amount: $918
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,173
Per Month
Principal & Interest
$986
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$120
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$659
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
North Woods Elementary School
10248 E Olson Rd
Distance between this listing and this school5.99 miles
Public District Grades PK-6
2
/10
Tower-Soudan Elementary School
415 2nd St N
Distance between this listing and this school20.42 miles
Public District Grades PK-6
8
/10
Merritt Elementary School
8659 Unity Dr
Distance between this listing and this school29.16 miles
Public District Grades PK-6
We're sorry, we currently don't have middle school data for this listing.
Nearby Schools
5
/10
North Woods Secondary School
10248 E Olson Rd
Distance between this listing and this school5.99 miles
Public District Grades 7-12
5
/10
Mountain Iron-Buhl Secondary School
5529 Emerald Ave
Distance between this listing and this school29.16 miles
Public District Grades 7-12
4
/10
Northland Learning Center 010
1201 S 13th Ave
Distance between this listing and this school29.74 miles
The neighbors living near this home have an average income of $59,783. The majority of Cook, MN residents have income between $35k-100k annually. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2922 Chaps Rd
What is the listing price of this property?
The listing price of 2922 Chaps Rd property is $197,500.
What type of property is this?
The property 2922 Chaps Rd is land located in Cook, Minnesota, 55790.
Is this property for sale now?
Active Listing: 2922 Chaps Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $918 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2922 Chaps Rd in Cook, MN and zip code 55790. This home sits on a 0.24 acre lot. It has been listed on Rocket Homes since November 06, 2024 and is currently priced at $197,500.
Cook, MN housing market in November 2024 saw over 0 listings sold above listed price, more than 2 sold at listed price and over 4 sold below. Between October 2024 and November 2024, Cook, MN real estate market has seen decrease in the number of listings by 17.9%. In November 2024 median list price was $425,000 and the average listing age was 101 days.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Dollar General
Dick's Sporting Goods
Cracker Barrel
Applebees
Texas Roadhouse
Cadillac
Subaru
Oldsmobile
News/Talk/Information
Classic Country
New Country