Rare opportunity to own a Lake Vermilion lot and start living lake life! This 0.11 acre lot is part of the Waters of Vermilion CIC #56 located in Pike Bay on Lake Vermilion and is all set to build your home or vacation cabin. It features views of Lake Vermilion and is near the Waters Club and docks. Lot includes access to utilities including water and sewer. Ownership of a lot includes common ownership of almost 30 acres of prime land with trails, 1200' of Lake Vermilion shoreline, private docking options, access to a beautiful game room and community kitchen, 2 inland ponds which include a private beach and much more. Schedule your tour today of this gorgeous and breathtaking development. Additional lots available.
Property Details
Property Features
Listing Office:
Office Name: B.I.C. Realty
Listing Agent: Julia Maki
Exterior Features
Exterior Information:
Waterfront: Lake
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Other
Directions Information:
Directions: From hwy. 77 take Lake Vermilion Reservation Rd to Waters of Vermilion
Price Information
Listing Price Info
Price Summary:
List Price: $135,000
HOA Fees:
Amount: $55
Frequency: Monthly
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Tower, MN.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$796
Per Month
Principal & Interest
$674
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)
$55
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
$471
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
2
/10
Tower-Soudan Elementary School
415 2nd St N
Distance between this listing and this school3.91 miles
Public District Grades PK-6
5
/10
Mesabi East Elementary School
601 N 1st St W
Distance between this listing and this school19.52 miles
Public District Grades PK-6
4
/10
Babbit Elementary School
30 South Dr
Distance between this listing and this school20.02 miles
Public District Grades PK-6
Nearby Schools
4
/10
Memorial Middle School
600 E Harvey St
Distance between this listing and this school24.04 miles
Public District Grades 6-8
Nearby Schools
4
/10
Mesabi East Secondary School
601 N 1st St W
Distance between this listing and this school19.52 miles
Public District Grades 7-12
7
/10
Northeast Range Secondary School
30 South Dr
Distance between this listing and this school20.01 miles
Public District Grades 7-12
5
/10
North Woods Secondary School
10248 E Olson Rd
Distance between this listing and this school20.17 miles
The neighbors living near this home have an average income of $67,298. The most common annual income of people living in Tower, MN is between $35k-100k. Most families are married, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 80075 Waters Of Vermilion Rd
What is the listing price of this property?
The listing price of 80075 Waters Of Vermilion Rd property is $135,000.
What type of property is this?
The property 80075 Waters Of Vermilion Rd is land located in Tower, Minnesota, 55790.
Is this property for sale now?
Active Listing: 80075 Waters Of Vermilion Rd is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 80075 Waters Of Vermilion Rd is 0.11 acres.
Interested in 80075 Waters Of Vermilion Rd? Let's connect.
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 80075 Waters Of Vermilion Rd in Tower, MN and zip code 55790. This home sits on a 0.11 acre lot. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $135,000.
While more than 2 listings in Tower, MN in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 7 were sold below. Between September 2024 and October 2024, Tower, MN real estate market has seen decrease in the number of listings by 20%. 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.
Hunting
Hunting
NASCAR
Figure Skating
Dillards
Bass Pro Shops
Dollar General
Cracker Barrel
Hardee's
Applebees
Cadillac
GMC
Ram
News/Talk/Information
Classic Country
Oldies