1 year on rocket

Peninsula Lake Vermilion N N, Tower, MN, 55790

$174,000

Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
WaterfrontLake Front
ViewOther, Lake, Panoramic
MLS #6248054
StatusActive

About Peninsula Lake Vermilion N N

Rare—Build Your Nest On This Lake Vermilion Peninsula Near The Boundary Waters, Short Motorboat Ride Across Calm Water To Choice Of Marinas. Large & unspoiled 2.6 acre parcel w/Apx 1,235 ft shoreline, sunrise to sunset views w/eastern, southern & western exposure. For travelers from down-state, the closest entry point to the BWCAW is through Lake Vermilion’s Trout Lake, just 3 miles from 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! Majestic stands of towering pines & rock outcroppings.

Property Details

Property Features

Listing Office:

  • Office Name: Janisch Realty, Inc

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Other, Lake, Panoramic

Lot Features

Lot Information:

  • Lot: Irregular Lot, Island/Peninsula, Many Trees

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: By boat. W. of Glenwood Lodge.

Price Information

Listing Price Info

Price Summary:

  • List Price: $174,000
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Housing Market Comparison

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

Med. Sold Price

$395K

Med. Price/SqFt

$321

Avg. Days On Market

136

# of Sold Homes

9

Peninsula Lake Vermilion N N vs Tower

499 DAYS ON ROCKET

+363 Days

$174,000

-$221K Less

KEY TAKEAWAY

This property is $221K less than the Median Sold Price in Tower, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6248054

Listing Office:

  • Office Name: Janisch Realty, Inc

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Property Sales & Tax

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Payment Calculator

$936

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$588

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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.

Elementary School

school-card-donut-1965145
2
/10
  • Tower-Soudan Elementary School

  • 415 North 2nd St

  • 5.24 miles

  • Public District Grades PK-6

High School

school-card-donut-1965146
6
/10
  • Northeast Range Secondary School

  • 30 South Dr

  • 16.36 miles

  • Public District Grades 7-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,340. Typical income of Tower, MN residents is between $35k-100k annually. The majority of 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 Peninsula Lake Vermilion N N

What is the listing price of this property?

The listing price of Peninsula Lake Vermilion N N property is $174,000.

What type of property is this?

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

Is this property for sale now?

Active Listing: Peninsula Lake Vermilion N N is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for Peninsula Lake Vermilion N N are:
Tower-Soudan Elementary School: GreatSchools Rating 2/10
Northeast Range Secondary School: GreatSchools Rating 6/10
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Rocket HomesMinnesotaSaint Louis CountyTower55790Peninsula Lake Vermilion N N

This home is located at Peninsula Lake Vermilion N N in Tower, MN and zip code 55790. It has been listed on Rocket Homes since June 24, 2023 and is currently priced at $174,000.

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. Listings spent 136 days on the market in October 2024, and had a median list price of $395,000 during the same period.

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

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