NOT LISTED FOR SALE

602 2nd St S Tower, MN 55790

Estimated Value: $119,000 - $128,763

2 Beds
1 Bath
1,394 Sq Ft
$88/Sq Ft Est. Value

Last Sold July 27, 2020

Last sale price $85,000 $61 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $790/month

340 Days on Market

About This Home

As of July 2020

Well kept home only a few minutes from Lake Vermilion, Northern Minnesota's premier lake. This property features 2 bedrooms (possible third in basement), 1 bathroom, 12x14 deck, and a 26x30 three (3) stall detached garage. The living room has sliding doors and was utilized as a master bedroom by the current property owner. The garage is large enough to protect all your favorite recreation toys. Attractions located nearby include the Hoodoo Point Campground, beach, and boat launch; McKinley Park Campground and beach, numerous public boat launches, Tower Harbor with direct access to Lake Vermilion, several state parks, Fortune Bay Resort/Casino and Wilderness Golf Course, Giants Ridge Ski & Golf Resort, bike trails, snowmobile trails, and hiking trails. An ideal home or cabin. Motivated seller, will look at all offers.

Last Listed By

Steve Aberhamson

Vermilion Land Office Inc License #20306944 Listed on: 06/24/2019

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,280

Year Built

1940

Lot Details

0

Listing Details

  • Class: Residential
  • Construction: Wood Frame
  • Guttering: Partial
  • Heat: Oil, Electric, Forced Air
  • Lvt Date: 06/24/2019
  • Main Level Bathrooms: 1
  • Number Of Bedrooms: 2
  • Parcel Code Number: 080-0010-02880
  • Patioporch: Deck
  • Percent Of Bsmnt Finished: 10
  • Real Estate Tax: 1930
  • Style: 1 1/2 Story
  • Total Above Grade Sq Ft: 1394
  • Type: Residential
  • Upper Level Bedrooms: 1
  • Year Built: 1940
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Total Finished Sq Ft: 1504
  • Bedroom 1: Size: 10x13, On Level: Main
  • Total Bathrooms: 1
  • Appliances: Dishwasher, Electric Range, Hood, Microwave, Refrigerator, Washer, Elec. Dryer
  • Basement: Block, Full
  • Bedroom 2: Size: 12x14, On Level: Upper
  • Dining Room: Size: 11x12, On Level: Main
  • Kitchen: Size: 11x15, On Level: Main
  • Living Room: Size: 13x16, On Level: Main
  • Lower Level Sq Ft: 1104
  • Main Level Bedrooms: 1
  • Main Level Sq Ft: 1184
  • Other Room 2: Den, Size: 7x15, On Level: Lower
  • Upper Level Sq Ft: 210

Exterior Features

  • Exterior: Vinyl
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage: 3+ Stalls, Detached
  • Garage Capacity: 3
  • Garage Size: 26x30

Utilities

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

Schools

  • School District: St.Louis County-2142

Lot Info

  • Lot Size: Dimensions: 140x50
  • Number Of Acres: 0.16
  • Zoning: R-3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2019
Closed on
Jul 27, 2020
Sold by
Shumway Bruce E and Shumway Joan J
Bought by
Wood Hugh R and Wood Frances Marie
Seller's Agent
Steve Aberhamson
Vermilion Land Office Inc
Buyer's Agent
Lynn Voss
Vermilion Land Office Inc
List Price
$107,900
Sold Price
$85,000
Premium/Discount to List
-$22,900
-21.22%
Total Days on Market
340
Current Estimated Value
$123,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,191
Avg. Annual Appreciation
8.07%
Original Mortgage
$76,500
Outstanding Balance
$5,464
Interest Rate
3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$117,727

Purchase Details

Closed on
Aug 12, 2005
Sold by
Scott Muriel E and Scott William L
Bought by
Shumway Bruce E and Shumway Joan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
5.82%
Mortgage Type
Fannie Mae Freddie Mac

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wood Hugh R $85,000 All American Title
Shumway Bruce E $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wood Hugh R $76,500
Previous Owner Shumway Bruce E $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2020 07/27/20 Sold $85,000 -3.3% $61 / Sq Ft
05/29/2020 05/29/20 Pending -- -- --
09/12/2019 09/12/19 Price Changed $87,900 -10.2% $63 / Sq Ft
07/16/2019 07/16/19 Price Changed $97,900 -9.3% $70 / Sq Ft
06/24/2019 06/24/19 For Sale $107,900 -- $77 / 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 $1,280 $118,700 $5,400 $113,300
2022 $1,434 $100,000 $5,400 $94,600
2021 $1,030 $87,400 $4,700 $82,700
2020 $1,964 $87,400 $4,700 $82,700
2019 $1,794 $93,600 $4,700 $88,900
2018 $1,822 $87,600 $4,500 $83,100
2017 $1,828 $87,600 $4,500 $83,100
2016 $1,796 $87,600 $4,500 $83,100
2015 $1,791 $90,400 $4,500 $85,900
2014 $1,791 $90,400 $4,500 $85,900
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Steve Aberhamson

    Vermilion Land Office Inc

    (218) 780-4769

    37 Total Sales

    Steve Aberhamson
    Section Image

  • L

    Buyer's Agent in 2020

    Lynn Voss

    Vermilion Land Office Inc

    (218) 410-2192

    34 Total Sales

    Lynn Voss
    Section Image
See All Agents

Map

Similar Home in Tower, MN

  • 5752 Lake Ave N, Tower, MN 55790

    $149,900

    • 3 Beds
    • 1 Bath
    • 1,116 Sq Ft
    • 5752 Lake Ave N
    • Tower, MN

    Welcome to your cozy retreat, ideally located just minutes from town and the picturesque shores of Lake Vermilion. The home boasts 3 bedrooms, updated bathroom, and open kitchen/living room. Knotty pine tongue and groove. Step outside to enjoy a spacious yard, ideal for gatherings. The 2 stall detached garage is insulated and offers ample space for storage. Compliant septic system. With it's

    Sherry Zupancich Anderson Vermilion Land Office, Inc.

    Section Image
See All Homes in Tower

Source: Range Association of REALTORS®

MLS Number: 137559

Range Association of REALTORS®

APN: 080001002880

Minnesota St Louis County Tower 55790

602 2nd St S, Tower, MN

Homes for Sale in Tower, MN

This home is located at 602 2nd St S, Tower, MN 55790 since 24 June 2019 and is currently estimated at $123,191, approximately $88 per square foot. This property was built in 1940. 602 2nd St S is a home located in St. Louis County with nearby schools including Tower-Soudan Elementary 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.