Sold for $85,000

$85,000

406 N 2nd St, Tower, MN 55790

2beds

1,139sqft

Single Family Residence

Built in 1930

7,405 Square Feet Lot

$150,500 Zestimate^®

$75/sqft

$1,570 Estimated rent

Home value

$150,500

$126,000 - $173,000

$1,570/mo

Zestimate^® history

Owner options

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$1,570/mo

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$1,570/mo

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$435/mo

Est. payment

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$435/mo

Est. payment

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What's special

Warm inviting layoutFront porchSs appliancesLarge pantry

Charming 2 BR, 2 bath home Near Beautiful Lake Vermilion. Nestled in a friendly small-town setting, this quaint home offers comfort, convenience, and a touch of Northwoods charm. Just minutes from the stunning shores of Lake Vermilion, you'll enjoy easy access to fishing, boating, and year-round recreation. Inside, the home features a warm, inviting layout perfect for everyday living or weekend getaways. A cozy front porch adds extra space to enjoy your morning coffee or unwind after a day outdoors. The kitchen has ample storage space with a large pantry and SS appliances. The property includes a detached 1-stall garage w/workshop. Ideally located close to shopping, dining, a local clinic, school & numerous hiking, biking, snowmobile, and ATV trails-not to mention several nearby state parks. This home is perfect for those who love small-town living with big outdoor opportunities. Don't miss this chance to own a slice of peaceful living near one of Minnesota's most sought after lakes!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
3/4 bathrooms: 2

Rooms

Room types: Enclosed Porch, Pantry, 3 Season Porch

Primary bedroom

Level: Upper
Area: 191.88 Square Feet
Dimensions: 11.7 x 16.4

Bedroom

Level: Upper
Area: 158.7 Square Feet
Dimensions: 11.5 x 13.8

Dining room

Level: Main
Area: 67.15 Square Feet
Dimensions: 7.9 x 8.5

Kitchen

Level: Main
Area: 157.32 Square Feet
Dimensions: 11.4 x 13.8

Living room

Description: Original Hardwood floors
Level: Main
Area: 149.99 Square Feet
Dimensions: 11.11 x 13.5

Porch

Level: Main
Area: 146.68 Square Feet
Dimensions: 7.6 x 19.3

Heating

Baseboard, Electric

Cooling

None

Appliances

Included: Water Heater-Electric, Dishwasher, Dryer, Exhaust Fan, Microwave, Range, Refrigerator, Washer
Laundry: Dryer Hook-Ups, Washer Hookup

Features

Ceiling Fan(s), Eat In Kitchen
Flooring: Hardwood Floors, Tiled Floors
Basement: N/A
Has fireplace: No

Interior area

Total interior livable area: 1,139 sqft
Finished area above ground: 1,139
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Gravel, Detached, Electrical Service
Garage spaces: 1

Features

Patio & porch: Deck

Lot

Size: 7,405 Square Feet
Dimensions: 140 x 50
Features: Tree Coverage - Light

Details

Additional structures: Storage Shed
Foundation area: 651
Parcel number: 080001001630

Construction

Type & style

Home type: SingleFamily
Architectural style: Traditional
Property subtype: Single Family Residence

Materials

Composition, Frame/Wood
Foundation: Other
Roof: Asphalt Shingle,Metal

Condition

Previously Owned
Year built: 1930

Utilities & green energy

Electric: Minnesota Power
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Tower

Financial & listing details

Price per square foot: $75/sqft
Tax assessed value: $69,000
Annual tax amount: $315
Date on market: 10/3/2025
Cumulative days on market: 97 days
Listing terms: Cash,Conventional

Price history

Date	Event	Price
2/6/2026	Sold	$85,000-10.5%$75/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122275 Report a problem
1/6/2026	Pending sale	$95,000$83/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6122275 Report a problem
11/19/2025	Price change	$95,000-9.5%$83/sqft
Source: Range AOR #149118 Report a problem
10/3/2025	Listed for sale	$105,000$92/sqft
Source: Range AOR #149118 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$468 +11.4%	$69,000 +11.7%
2023	$420 +11.1%	$61,800 +17.7%
2022	$378 -18.5%	$52,500 +14.6%
2021	$464	$45,800 -14.1%
2020	$464	$53,300
2019	$464 +17.8%	$53,300 +7%
2018	$394 +2.6%	$49,800
2017	$384 -2.5%	$49,800
2016	$394	$49,800 +47.8%
2015	$394 +2.6%	$33,700
2014	$384 -6.9%	$33,700
2013	$413 +8.4%	$33,700
2012	$381 -10.3%	$33,700 -40.6%
2011	$424 +2.7%	$56,700
2010	$413	$56,700
2009	$413 +32.7%	$56,700 +12.1%
2008	$311 -0.4%	$50,600 +6.1%
2007	$312 +5.2%	$47,700
2006	$297 -1%	$47,700 +23.9%
2004	$300 +3.6%	$38,500 +15.3%
2003	$290 +17%	$33,400 +9.9%
2002	$248 +7.7%	$30,400 +8.6%
2001	$230 +2.1%	$28,000 +8.5%
2000	$225	$25,800