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$1,900,000   Price Analysis
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7228 Mercer Is
Cook, MN 55723
1 bed 2 bath 1,860 SqFt ($1021/SqFt)
7.0 acre lot. Built 1981
Listed 2024-01-31, Taxes $4,594
May be USDA loan restricted due to income limits
near Cook

Escape t o your own private and exceptional 7+ acre island nestled in the heart of Lake Vermilion's Frazer Bay.

This exclusive property boasts a wealth of features that promise a truly extraordinary lakeside experience. Embrace the distinctive architectural charm of three stunning Baker Dome cabins, each offering a unique and cozy living space. Accommodate family and friends with ease in a roomy 1 BR guest cabin (with kitchen), plus a charming 1 BR bunkhouse, wet boathouse and original ice house! All buildings have new roofs.

Hike along the picturesque walking trail with boardwalks, that encircles the island, providing enchanting views & moments of serenity plus a natural sand beach! Convenience is key, & this property offers a rare mainland access includng another boathouse! This property promises a lifetime of cherished memories. First time on the market!


Presented by Barbara Hegg at
VERMILION LAND OFFICE INC.
Listing Agent Photo

Property MLS #6111264 from LakeSuperiorAreaRealtors

Bedrooms: 1
Bedroom 1 Dimensions: 14 x 14
Bedroom 1 Level: Upper
Bedroom 1 Features: Lakeviews

Total Bathrooms: 0 / 2 / 0
3/4 Bathrooms: 2
Bathroom 1 Dimensions: 9 x 6
Bathroom 1 Level: Upper
Bathroom 1 Features: Tub

Ceiling Fans
Natural Woodwork
Sauna
Skylight
Vaulted Ceilings
Panelled Walls
Patio Door
Main Floor Laundry
Dryer Hook-Ups
Washer Hook-Ups

Dishwasher
Microwave
Range/Stove
Refrigerator
Washer

Den/Office, Spa/Sauna, Utility Room, 3 Season Porch, Great Room
Den/Office: 12 x 16
Den/Office Level: Upper
Den/Office Features: Den next to Master Bedroom
Family Room Dimensions: 24 x 24
Great Room Dimensions: 16 x 27
Family Room Level: Main
Great Room Level: Main
Family Room Features: Cathedral ceiling, sky lights, patio door to deck. T&G paneling
Great Room Features: Open to kitchen and sitting area. T&G paneling, patio door to screen porch
Extra Room-1 Description: No

17
Dining Area Description: Breakfast Bar, Formal Dining Room
Dining Room Dimensions: 10 x 14
Dining Room Features: Lake Views
Dining Room Level: Main

Cooling Features: Wall
Heating Features: Electric

Water Body Name: Vermilion
Inland Lake
Waterfront Feet: 2880

Deck
Dock
Other Structures: Boathouse, Sauna, Storage Shed, Bunkhouse, Guesthouse
Porch Dimensions: 29 x 12
Porch Level: Main
Porch Features: Screen porch off the Great Room. Lake views

Lot Description: Accessible Shoreline, Tree Coverage - Medium, Zero Lot Line, BWCA Area, Island/Peninsula
Lot Size Acres: 7.0
Lot Size Dimensions: 486 X 1080
Lot Size Square Feet: 304920

View: Inland Lake, Bay, Panoramic
Other Equipment: Water Heater-Electric

Association: No
Calculated Total Monthly Association Fees: 0

School District: St. Louis County #2142

Tower-Soudan Elementary School is a public elementary school located approximately 9.3 miles away.
directions icon Map directions

North Woods Secondary is a public middle and high school located approximately 15.1 miles away.
directions icon Map directions

Annual Tax Amount: 4916
Source Listing Status: ACTIVE
County: St. Louis County
Directions: Via boat: Frazer Bay Public Landing, Shamrock Marina, Private access landing across from Mercer Island.
Tax Year: 2024
Source Property Type: SINGLE FAMILY
Area: LSAR
Source Neighborhood: LSAR
Ownership Type: Fee-Simple
Parcel Number: 387-0031-01520 +
Public Survey Section: 12
Township: Greenwood township (St. Louis Co
Property Subtype: SF/Detached
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$166,600 + $267,700
$434,300
$4,594
2021$145,300 + $267,700
$413,000
$4,382
2020$115,300 + $297,000
$412,300
$4,440
2019$115,300 + $270,500
$385,800
$2,040
2018$115,300 + $270,500
$385,800
$4,240
2017$115,300 + $270,500
$385,800
$4,156
2016$115,300 + $270,500
$385,800
$4,212
2015$116,800 + $115,400
$232,200
$2,650
2014$116,800 + $125,900
$242,700
$2,957
2013$116,800 + $125,900
$242,700
$2,998
2011$116,800 + $125,900
$242,700
$3,822
2010$153,100 + $207,600
$360,700
$3,676
2009$151,800 + $274,400
$426,200
$3,894
2008$120,100 + $250,500
$370,600
$3,540
2007$111,900 + $210,400
$322,300
$3,312

Listed 2024-01-31
$1,900,000
NorthstarMLS
Listed 2024-01-31
$1,900,000
LakeSuperiorAreaRealtors

Total Square Feet Living: 1860
Year Built: 1981
Above Grade Finished Area: 1860
Building Exterior Type: Wood, Asphalt
Property Age: 43
Roof: Asphalt Shingles, Rubber
Levels or Stories: 1.25 - 1.75 Story
Year Built Details: Previously Owned

Sewer: Private, Drain Field
Water Source: Drilled
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.