1 year on rocket

5773 Lake Vermilion N, Tower, MN, 55790

$124,500

4.60 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeResidential
WaterfrontLake
ViewLake, Panoramic
MLS #6109232
Lot Size4.60 Acres
StatusActive
(ACTIVE)

About 5773 Lake Vermilion N

Beautiful South Facing Lake Vermilion Building Lot Near Trout Lake Portage Into The Boundary Waters! Short Motorboat Ride Across Calm Water To Marina. Large & unspoiled 4.6 acre parcel w/250 ft shoreline, adjoins Superior National Forest to the north which then adjoins the BWCAW. Electricity accessible. Certificate of Survey. For travelers from down-state, the closest entry point to the BWCA is through Lake Vermilion’s Trout Lake, near this property. Enjoy the 40,000 acres of water on Lake Vermilion w/waterside restaurants, docking at a championship golf course & casino and some of the best fishing on the continent or start your next Boundary Waters trip from your doorstep!

Property Details

Property Features

Listing Office:

  • Office Name: Janisch Realty Inc.

Exterior Features

Exterior Information:

  • Waterfront: Lake
  • View: Lake, Panoramic

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Irregular Lot, Many Trees
  • Lot Size: 4.60 Acres

Other

Directions Information:

  • Directions: By boat. W. of Glenwood Lodge.

Price Information

Listing Price Info

Price Summary:

  • List Price: $124,500

Tax Information:

  • Annual Amount: $982
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$397K

Med. Price/SqFt

$336

Avg. Days On Market

270

# of Sold Homes

4

5773 Lake Vermilion N vs Tower

513 DAYS ON ROCKET

+243 Days

$124,500

-$272.5K Less

KEY TAKEAWAY

This property is $272.5K less than the Median Sold Price in Tower, MN.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #6109232

Listing Office:

  • Office Name: Janisch Realty Inc.

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: 12/3/2024, 12:20:52 PM 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$982$87,200
2019$570$50,000

History based on county public records data.

Payment Calculator

$689

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$440

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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.

Nearby Schools

school-card-donut-3493204
2
/10
  • Tower-Soudan Elementary School

  • 415 2nd St N

  • 6.19 miles

  • Public District Grades PK-6

school-card-donut-3493205
7
/10
  • Washington Elementary School

  • 600 E Harvey St

  • 20.22 miles

  • Public District Grades PK-5

school-card-donut-3493206
4
/10
  • Babbit Elementary School

  • 30 South Dr

  • 20.59 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $67,298. The majority of Tower, MN residents have income between $35k-100k annually. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5773 Lake Vermilion N

What is the listing price of this property?

The listing price of 5773 Lake Vermilion N property is $124,500.

What type of property is this?

The property 5773 Lake Vermilion N is land located in Tower, Minnesota, 55790.

Is this property for sale now?

Active Listing: 5773 Lake Vermilion N 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 $982 (source: MLS/based on county public records data).

How much acreage is this property?

The property 5773 Lake Vermilion N is 4.60 acres.
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Rocket HomesMinnesotaSaint Louis CountyTower557905773 Lake Vermilion N

This home is located at 5773 Lake Vermilion N in Tower, MN and zip code 55790. This home sits on a 4.60 acre lot. It has been listed on Rocket Homes since July 09, 2023 and is currently priced at $124,500.

Tower, MN housing market in November 2024 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 3 sold below. Between October 2024 and November 2024, Tower, MN real estate market has seen decrease in the number of listings by 15.6%. While the average time on the market in November 2024 was 270 days, the median list price was $397,000.

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

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