$89,000
$11K PRICE DROP

508 3rd St S Tower, MN 55790

Estimated payment $487/month

Total Views 732
3 Beds
1 Bath
989 Sq Ft
$90 Price per Sq Ft

Highlights

  • No HOA
  • 1-Story Property
  • Combination Dining and Living Room
  • Lower Floor Utility Room
  • Forced Air Heating System
  • Privacy Fence

About This Home

This cozy 3 bedroom, 1 bath home is perfectly situated on the edge of a quaint northern Minnesota town, offering the best of peaceful living with easy access to everyday amenities. Just minutes from Lake Vermilion, enjoy nearby public boat launches, sandy beaches, dining, local shops, and a community clinic. Outdoor enthusiasts will love the endless recreation right outside your door with miles of ATV, biking, hiking, and snowmobile trails, plus a nearby state park for year round adventure. Award winning golf course and casino nearby too! Whether you're looking for a full time residence, or weekend getaway, this home offers a relaxed lifestyle in a sought-after location close to one of Minnesota's most iconic lakes.

Listing Agent

Sherry Zupancich Anderson

Vermilion Land Office, Inc. Listed on: 02/11/2026

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $349

Year Built

  • Built in 1941

Lot Details

  • Lot Dimensions are 140x50
  • Privacy Fence
  • Wood Fence
  • Few Trees

Parking

  • Open Parking

Home Design

  • Frame Construction

Interior Spaces

  • 1-Story Property
  • Combination Dining and Living Room
  • Lower Floor Utility Room
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement
  • Basement Window Egress

Utilities

  • No Cooling
  • Forced Air Heating System
  • Propane
  • Electric Water Heater
  • Fuel Tank

Community Details

  • No Home Owners Association
  • Tower Subdivision

Listing and Financial Details

  • Assessor Parcel Number 080001002790

Home Details

Home Type

Single Family

Est. Annual Taxes

$349

Year Built

Built in 1941

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1941
  • Above Grade Finished Sq Ft: 876
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • FireNumber: 508
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block, Egress Window(s), Full, Unfinished
  • Appliances: Dryer, Electric Water Heater, Fuel Tank - Owned, Range, Refrigerator, Washer
  • Living Area: 989
  • Fireplace: No
  • Below Grade Finished Sq Ft: 113
  • Basement YN: Yes

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • Fencing: Privacy, Wood

Garage/Parking

  • Parking Features: Gravel, Open

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: In Basement, Electric Dryer Hookup, Lower Level, Washer Hookup
  • Fuel: Propane
  • Power Company: Minnesota Power

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: St. Louis County
  • SchoolDistrictPhone: 2187498130

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 140x50
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 080001002790
  • Tax Annual Amount: 349
  • TaxWithAssessments: 434

Map

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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
2024 $434 $76,300 $6,000 $70,300
2023 $538 $68,300 $5,400 $62,900
2022 $438 $57,900 $5,400 $52,500
2021 $446 $50,500 $4,700 $45,800
2020 $500 $50,500 $4,700 $45,800
2019 $420 $56,200 $4,700 $51,500
2018 $430 $52,600 $4,500 $48,100
2017 $430 $52,600 $4,500 $48,100
2016 $418 $52,600 $4,500 $48,100
2015 $550 $40,100 $2,700 $37,400
2014 $550 $40,100 $2,700 $37,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2026 02/24/26 Price Changed $89,000 -10.9% $90 / Sq Ft
02/11/2026 02/11/26 For Sale $99,900 -- $101 / Sq Ft
Source: NorthstarMLS

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $500 All American Title Company
Warranty Deed $45,000 All American Title Co Inc
Warranty Deed $55,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $47,000 New Conventional
Previous Owner $49,500 Unknown
Closed $0 Closed End Mortgage
Source: Public Records

Source: NorthstarMLS

MLS Number: 7020701

NorthstarMLS

APN: 080001002790

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