NOT LISTED FOR SALE

501 S 2nd St Tower, MN 55790

Estimated Value: $82,000 - $155,000

3 Beds
1 Bath
1,550 Sq Ft
$80/Sq Ft Est. Value

Last Sold April 04, 2022

Last sale price $73,000 $47 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $759/month

About This Home

As of April 2022

Enjoy this 3+ bedroom 1 bath home sitting on a corner lot in Tower just minutes from beautiful Lake Vermilion! Updated vinyl windows and the roof was installed in 2016. The main level features a nice kitchen along with a large dining room and living room. The upper level features 2 bedrooms including an additional bedroom in tandem and a full bathroom. There is a 24x24 detached garage.

Last Agent to Sell the Property

Rachel Lacount

Northwoods Land Office License #20564039 Listed on: 08/26/2021

Last Buyer's Agent

Rachel Lacount

Northwoods Land Office License #20564039 Listed on: 08/26/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $572

Year Built

  • Built in 1920

Lot Details

  • 6,970

Parking

  • 2 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1,550 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Basement

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

Utilities

  • Heating System Uses Oil

Listing and Financial Details

  • Assessor Parcel Number 080-0010-02580

Home Details

Home Type

Single Family

Est. Annual Taxes

$572

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Heat: Oil
  • Lvt Date: 08/26/2021
  • Number Of Bedrooms: 3
  • Parcel Code Number: 080-0010-02580
  • Real Estate Tax: 572
  • Style: 2 Story
  • Total Above Grade Sq Ft: 1550
  • Type: Residential
  • Upper Level Bedrooms: 3
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Finished Sq Ft: 1550
  • Bedroom 1: Size: 10x12, On Level: Main
  • Total Bathrooms: 1
  • Basement: Block, Full
  • Bedroom 2: Size: 10x15, On Level: Upper
  • Bedroom 3: Size: 12x14, On Level: Upper
  • Dining Room: Size: 10x12, On Level: Main
  • Kitchen: Size: 10x14, On Level: Main
  • Living Room: Size: 12x12, On Level: Main
  • Lower Level Sq Ft: 775
  • Main Level Bedrooms: 1
  • Main Level Sq Ft: 775
  • Other Room 2: bdrm 4, Size: 10x10, On Level: Upper
  • Upper Level Sq Ft: 775

Exterior Features

  • Exterior: Steel
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage: 2 Stalls, Detached
  • Garage Capacity: 2
  • Garage Size: 24x24

Utilities

  • Utilities: City Water, City Sewer

Schools

  • School District: Tower/Soudan

Lot Info

  • Lot Size: Dimensions: 140x50
  • Zoning: res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Apr 4, 2022
Sold by
Kelly Shannon Y
Bought by
Leniz Laura
Seller's Agent
Rachel Lacount
Northwoods Land Office
Buyer's Agent
Rachel Lacount
Northwoods Land Office
List Price
$80,000
Sold Price
$73,000
Premium/Discount to List
-$7,000
-8.75%
Current Estimated Value
$123,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,433
Avg. Annual Appreciation
10.35%

Purchase Details

Closed on
Dec 13, 2010
Sold by
Kelly Mark W
Bought by
Kelly Shannon Y

Purchase Details

Closed on
Mar 29, 2004
Sold by
Mickle Timothy D and Mickle Denise C
Bought by
Kelly Mark and Kelly Shannon Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,440
Interest Rate
5.66%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Leniz Laura $73,000 Northwest Title
Kelly Shannon Y -- None Available
Kelly Mark $54,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kelly Mark $43,440
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2022 04/04/22 Sold $73,000 -8.8% $47 / Sq Ft
02/07/2022 02/07/22 For Sale $80,000 0.0% $52 / Sq Ft
01/27/2022 01/27/22 Pending -- -- --
09/21/2021 09/21/21 Price Changed $80,000 -4.8% $52 / Sq Ft
08/26/2021 08/26/21 For Sale $84,000 -- $54 / 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 $1,256 $90,400 $5,400 $85,000
2022 $562 $76,400 $5,400 $71,000
2021 $572 $60,300 $4,700 $55,600
2020 $690 $60,300 $4,700 $55,600
2019 $588 $70,900 $4,700 $66,200
2018 $600 $66,300 $4,500 $61,800
2017 $602 $66,300 $4,500 $61,800
2016 $588 $66,300 $4,500 $61,800
2015 $654 $45,400 $2,700 $42,700
2014 $654 $45,400 $2,700 $42,700
Source: Public Records

Agents Affiliated with this Home

  • Rachel Lacount

    Seller's Agent in 2022

    Rachel Lacount

    Northwoods Land Office

    (218) 780-0355

    256 Total Sales

    Rachel Lacount
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Map

Source: Range Association of REALTORS®

MLS Number: 142210

Range Association of REALTORS®

APN: 080001002580

Minnesota St Louis County Tower 55790

501 S 2nd St, Tower, MN

This home is located at 501 S 2nd St, Tower, MN 55790 since 26 August 2021 and is currently estimated at $123,433, approximately $79 per square foot. This property was built in 1920. 501 S 2nd St is a home located in St. Louis County with nearby schools including Tower-Soudan Elementary School and Vermilion Country School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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