A daily journal concerning Lake Vermilion and surrounding areas.
Selected real estate, notes, stories, musings, and anecdotes.

The Bank As Seller.

April 28, 2010

As I’ve noted in previous posts… this market has not produced a large number of bank-owned lakeshore property buying opportunities.  The “Must Sell Now” link on the right side bar will reveal a relatively small group of 15 bank-owned lake frontage listings.

That’s not the case with non-lakeshore listings.  The current list of lender-owned non-lakeshore real estate offerings contains 52 total properties all within the greater Northeastern Minnesota region.  Here are a few within the group that caught my eye:  1) attractive 3 BR home on 5+ acres in the Makinen area offered at $194,900 2) decent looking 2 BR home in the City of Ely priced at $85,000 3) interesting 4 BR country home on 20+ acres with views overlooking Lake Vermilion at $249,900 4) rare and  nearly new log-sided cabin on 40 acres in the Superior National Forest priced at $99,000.

The total group is priced from $19,900 to $249,900 and you can view it  here.

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