$212,000
SOLD JUN 4, 2025

501 3rd St S Tower, MN 55790

4 Beds
2 Baths
1,624 Sq Ft
0.32 Acres

Recently Sold

$131 Per Sq Ft

6% Below List Price

5 Days on Market

Highlights

  • Deck
  • Water Softener
  • Ceiling Fan
  • 1-Story Property
  • Forced Air Heating System
  • Baseboard Heating

About This Home

As of June 2025

Convenient one-level living in the heart of Tower! Just minutes from local businesses and the shores of Lake Vermilion, you'll find the convenience of city living at the brink of the great outdoors! This recently updated 4+ bed, 1.75 bath home is move-in ready with the potential for so much more! Situated on a huge corner lot, this home has dual heat, new windows, an open floor plan, large living room, updated kitchen and bathroom, and fresh paint though out the spacious main floor. Downstairs, the seller installed two new egress widows to create a 4th bedroom and the possibility of adding a 5th. You can use the additional space as a rec room or home office, craft space, or workshop. There's a huge storage room, laundry space, and additional area to be finished as you wish, plus a 3/4 bath & sauna! The possibilities are endless! Outside, there's 3 stalls of garage space w/ plenty of off-street parking, a HUGE yard for your enjoyment, and a large deck! Make this your home today!

Last Agent to Sell the Property

Debbie Murden

1ST Realty Rangewide Inc License #40508391 Listed on: 04/29/2025

Last Buyer's Agent

Yvonne Wagner

Janisch Realty Inc License #40730518

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,854

Year Built

  • Built in 1965

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,624 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Basement

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

Parking

  • 3 Car Garage
  • Garage Door Opener

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Electric Water Heater
  • Water Softener

Additional Features

  • Deck
  • 0.32 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 080-0010-02740

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,854

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Guttering: Yes
  • Heat: Oil, Wood, Forced Air, Baseboard
  • Lower Level Bathrooms: .75
  • Lower Level Bedrooms: 1
  • Lvt Date: 04/29/2025
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 4
  • Parcel Code Number: 080-0010-02740
  • Patioporch: Deck
  • Percent Of Bsmnt Finished: 25
  • Real Estate Tax: 1854
  • Style: One Story
  • Total Above Grade Sq Ft: 1299
  • Type: Residential
  • Year Built: 1965
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Finished Sq Ft: 1624
  • Bedroom 1: Size: 13'6x13'5, On Level: Main
  • Total Bathrooms: 1.75
  • Appliances: Dishwasher, Electric Range, Garage Opener, Hood, Refrigerator, Water Softener, Washer, Elec. Dryer
  • Basement: Block, Full
  • Bedroom 2: Size: 11'8x9'8, On Level: Main
  • Bedroom 3: Size: 10x9'8, On Level: Main
  • Dining Room: Size: 10'8x9'8, On Level: Main
  • Kitchen: Size: 13x9'8, On Level: Main
  • Living Room: Size: 20'7x12'2, On Level: Main
  • Lower Level Sq Ft: 1299
  • Main Level Bedrooms: 3
  • Main Level Sq Ft: 1299
  • Other Room 2: Bedroom 4, Size: 12'6x11'6, On Level: Lower
  • Other Room 3: Mudroom, Size: 11'7x6'11, On Level: Main
  • Rec Room: Size: 22'9x12'10, On Level: Lower

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage: 3+ Stalls
  • Garage Capacity: 3
  • Garage Size: 22x26

Utilities

  • Cooling: Window Unit, Ceiling Fan
  • Utilities: City Water, City Sewer
  • Water Heater: Electric

Schools

  • School District: Tower/Soudan- 2142

Lot Info

  • Lot Size: Dimensions: 140x100
  • Number Of Acres: 0.32
  • Zoning: Res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2025
Closed on
Jun 4, 2025
Sold by
Lenci Matthew R
Bought by
Lahti Steven K and Lahti Paula B
Seller's Agent
Debbie Murden
1ST Realty Rangewide Inc
Buyer's Agent
Yvonne Wagner
Janisch Realty Inc
List Price
$224,900
Sold Price
$212,000
Premium/Discount to List
-$12,900
-5.74%
Views
11
Current Estimated Value
$213,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,019
Avg. Annual Appreciation
1.51%

Purchase Details

Closed on
Jun 21, 2019
Sold by
Tekautz Faye L and Lamppa Daryl H
Bought by
Lenci Matthew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2003
Sold by
Lamppa Herbert R and Lamppa Edna H
Bought by
Tekautz Faye L and Lamppa Daryl H
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $212,000 Northeast Title
Warranty Deed $110,000 Northeast Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $104,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2025 06/04/25 Sold $212,000 -5.7% $131 / Sq Ft
05/04/2025 05/04/25 Pending -- -- --
04/29/2025 04/29/25 For Sale $224,900 -- $138 / Sq Ft
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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
2023 $1,854 $146,300 $10,800 $135,500
2022 $1,478 $124,000 $10,800 $113,200
2021 $1,496 $108,200 $9,400 $98,800
2020 $1,470 $108,200 $9,400 $98,800
2019 $1,246 $107,900 $9,400 $98,500
2018 $1,270 $101,100 $9,000 $92,100
2017 $1,274 $101,100 $9,000 $92,100
2016 $1,248 $101,100 $9,000 $92,100
2015 $1,255 $76,900 $6,600 $70,300
2014 $1,255 $76,900 $6,600 $70,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 148212

Range Association of REALTORS®

APN: 080001002740