NOT LISTED FOR SALE

314 N 2nd St Tower, MN 55790

4 Beds
2 Baths
2,050 Sq Ft
1930 Built

Sale Details

Date Sold: June 28, 2022

Last sale price $149,900 $73 Per Sq Ft

11 Days on Market

About This Home

As of June 2022

Updated & Well Maintained Duplex, great location in the idyllic small town of Tower, just blocks from harbor access to Lake Vermilion & only 22 miles to Virginia/20 to Ely. Each spacious home offers 2 bedrooms and 1 bath, private basement, main and upper levels, hardwood floors, updated electrical, newer roofing, siding & gutters. City water & sewer, off street parking, concrete sidewalks, front & back decks! Excellent rental history.

Last Agent to Sell the Property

Dan Janisch

Janisch Realty Inc License #40343713 Listed on: 05/05/2022

Last Buyer's Agent

Sherry Zupancich Anderson

Vermilion Land Office Inc License #40026207

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,611

Year Built

  • Built in 1930

Parking

  • Off-Site Parking

Home Design

  • 2,050 Sq Ft Home
  • Duplex
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Lot Details

  • Lot Dimensions are 140 x 50

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $1,130
  • Net Operating Income $9,999

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,611

Year Built

Built in 1930

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 05/05/2022
  • Real Estate Tax: 1611
  • Type: Duplex
  • Year Built: 1930
  • Lot Size Length: 140
  • Lot Size Width: 50
  • Net Income: 9999
  • Projected Income: 1130
  • Rent: Month To Month
  • Total Expense: 9999
  • Total Income: 1130
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 2050
  • Basement: Block, Full

Exterior Features

  • Exterior: Steel
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking: Off Site Parking

Utilities

  • Utilities: City Sewer, City Water
  • Heating: Forced Air

Fee Information

  • Rent Income: 1130

Lot Info

  • Zoning: R3

Rental Info

  • Actual Income: 1130

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 1611

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 28, 2022
Sold by
Bought by
Seller's Agent
Dan Janisch
Janisch Realty Inc
Buyer's Agent
Sherry Zupancich Anderson
Vermilion Land Office Inc
List Price
$149,500
Sold Price
$149,900
Premium/Discount to List
$400
0.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,125
Interest Rate
0.051%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 4, 2016
Closed on
Jul 8, 2016
Sold by
Bought by
Seller's Agent
Lisa Janisch
Janisch Realty Inc
Buyer's Agent
Dan Janisch
Janisch Realty Inc
Sold Price
$60,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.55%
Original Mortgage
$45,000
Interest Rate
0.0354%
Mortgage Type
Commercial
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$149,500 Northeast Title
$60,000 All American Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $112,125
Previous Owner $45,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2022 06/28/22 Sold $149,900 +0.3% $73 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $149,500 +149.2% $73 / Sq Ft
07/08/2016 07/08/16 Sold $60,000 -- $29 / Sq Ft View Prior Sale
05/04/2016 05/04/16 Pending -- -- --
Source: Range Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,432 $96,300 $6,000 $90,300
2023 $2,136 $86,200 $5,400 $80,800
2022 $1,696 $72,900 $5,400 $67,500
2021 $1,708 $63,500 $4,700 $58,800
2020 $1,680 $63,500 $4,700 $58,800
2019 $1,508 $63,200 $4,700 $58,500
2018 $1,532 $59,200 $4,500 $54,700
2017 $1,538 $59,200 $4,500 $54,700
2016 $1,512 $59,200 $4,500 $54,700
2015 $1,466 $59,000 $4,500 $54,500
2014 $1,466 $59,000 $4,500 $54,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 143258

Range Association of REALTORS®
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