$250,000

506 S 2nd St Tower, MN 55790

Estimated payment $1,461/month

Total Views 5,242
3 Beds
2 Baths
1,659 Sq Ft
$151 Price per Sq Ft

Highlights

  • Multiple Fireplaces
  • Instant Hot Water
  • Forced Air Heating System
  • Enclosed patio or porch

About This Home

Beautiful, historic home with the perfect blend of charm & modern updates. This property has been renovated & is situated in-town Tower; allowing easy access to Lake Vermilion & its recreational opportunities. Within walking distance to downtown shops, restaurants & more. (Just bocks away from the recently proposed/approved Downtown Harbor Marina) This home also includes a newly constructed 2-stall detached garage. It delivers such a welcoming, warm atmosphere, ideal for entertaining. It has many new, professionally updated features which include; 2 new fireplaces, newly constructed screen porch, new propane furnace, electrical upgrades, complete renovation of almost every room in the home; tasteful, contemporary & very solid. It also includes; triple pane windows, additional insulation, a freshly painted exterior, tongue & groove ceilings & so much more! The master suite offers; a second entrance with balcony, office area, bath & sitting area with fireplace. Available furnished!

Listing Agent

Brina Guyer

MN DIRECT PROPERTIES License #40699009 Listed on: 05/12/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $922

Year Built

  • Built in 1898

Parking

  • 2 Car Garage

Home Design

  • Wood Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,659 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Wood Burning Fireplace

Kitchen

  • Electric Range
  • Instant Hot Water

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Electric Dryer
  • Washer

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane

Additional Features

  • Enclosed patio or porch
  • 6,970 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 080-0010-02610

Home Details

Home Type

Single Family

Est. Annual Taxes

$922

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Guttering: Yes
  • Heat: Forced Air, Gas - Propane
  • Lvt Date: 05/12/2025
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 3
  • Parcel Code Number: 080-0010-02610
  • Patioporch: Porch, Enclosed, Screened
  • Real Estate Tax: 922
  • Style: 2 Story
  • Total Above Grade Sq Ft: 1659
  • Type: Residential
  • Upper Level Bedrooms: 2
  • Year Built: 1898
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Finished Sq Ft: 1659
  • Bedroom 1: Size: 12.4x9.5, On Level: Main
  • Total Bathrooms: 2
  • Appliances: Electric Range, Refrigerator, Washer, Elec. Dryer
  • Bedroom 2: Size: 12.6x11.7, On Level: Upper
  • Bedroom 3: Size: 13.5x31, On Level: Upper
  • Dining Room: Size: included, On Level: Main
  • Fireplace: 2 Or More Fireplaces, Wood Burning
  • Kitchen: Size: 13.8x11.4, On Level: Main
  • Living Room: Size: 23.5x15.4, On Level: Main
  • Main Level Bedrooms: 1
  • Main Level Sq Ft: 1011
  • Other Room 2: Porch, Size: 12x9.5, On Level: Main
  • Rec Room: Size: 10x10, On Level: Upper
  • Upper Level Sq Ft: 648

Exterior Features

  • Exterior: Wood
  • Roof: Asphalt

Garage/Parking

  • Garage: 2 Stalls
  • Garage Capacity: 2
  • Garage Size: 24x26

Utilities

  • Utilities: City Water, City Sewer
  • Water Heater: Instant

Schools

  • School District: Tower/Soudan- 2142

Lot Info

  • Lot Size: Dimensions: 140x50
  • Number Of Acres: 0.16
  • Zoning: Res

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $438 $69,100 $5,400 $63,700
2022 $1,132 $58,600 $5,400 $53,200
2021 $454 $51,100 $4,700 $46,400
2020 $550 $51,100 $4,700 $46,400
2019 $462 $60,000 $4,700 $55,300
2018 $474 $56,100 $4,500 $51,600
2017 $474 $56,100 $4,500 $51,600
2016 $462 $56,100 $4,500 $51,600
2015 $248 $30,500 $2,700 $27,800
2014 $248 $22,100 $2,000 $20,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 For Sale $250,000 +100.2% $151 / Sq Ft
11/20/2023 11/20/23 Sold $124,900 0.0% $75 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $124,900 -- $75 / Sq Ft
Source: Range Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $124,900 All American Title Company
Source: Public Records

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Source: Range Association of REALTORS®

MLS Number: 148322

Range Association of REALTORS®

APN: 080001002610