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Sold for $475,000
  • Zillow Home logoZestimate®
    $475,000

    502 E 2nd Ave, Grand Marais, MN 55604

    2beds
    2,246sqft
    Single Family Residence
    Built in 1960
    0.51 Acres Lot
    $475,000 Zestimate®
    $211/sqft
    $1,844 Estimated rent

    Home value

    $475,000

    Estimated sales range

    Not available

    $1,844/mo

    Zestimate® history
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    What's special

    Big yardSpacious bathroomNearby dining roomSmall creek meandering through
    Unique opportunity in the heart of Grand Marais - this home can be used as a roomy single family home, shared living situation or as a duplex! The main floor features an inviting space with the kitchen as the focal point. Cook a meal together and spend time around the nearby dining room or walk up a few stairs to the living room where there's plenty of room to relax. Just down the hallway is a bedroom suite with a walk-in closet and spacious bathroom. Take the stairs down to the walkout level and find a secondary living area that can be shared all together or set it aside as a private suite for a housemate. Another option is to rent out the walkout level as a private unit. The lower level has an office which could easily be a third bedroom with the installation of an egress window. The window well is already installed! The lower level has a separate entrance and the door to the main floor can sealed. Enjoy the half acre of grass, trees and flowers with a small creek meandering through. The 2-stall insulated garage is so close to the house, it's almost attached. Plus, there are three off street parking spots. This is an ideal in town home with a big yard, convenient location all within walking distance of schools, restaurants, shops and best of all, Lake Superior! Come take a look, the seller is open to considering reasonable offers.

    Zillow last checked:

    Listing updated:

    Listed by:

    Susan Nichols 218-370-1226,

    Red Pine Realty

    Bought with:

    Terry Backlund, MN 40113267

    Backlund Realty LLC

    Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6126129MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Primary bedroom
    • Description: Primary bedroom with a large walk-through closet to the bathroom.
    • Level: Main
    • Area: 154 Square Feet
    • Dimensions: 14 x 11
    Bedroom
    • Level: Lower
    • Area: 140 Square Feet
    • Dimensions: 10 x 14
    Bathroom
    • Level: Lower
    • Area: 56 Square Feet
    • Dimensions: 7 x 8
    Bathroom
    • Description: Spacious with a tiled walk-in shower & double vanity.
    • Level: Main
    • Area: 136 Square Feet
    • Dimensions: 8 x 17
    Dining room
    • Description: Perfect place to share a meal with a patio door leading to the deck and yard.
    • Level: Main
    • Area: 108 Square Feet
    • Dimensions: 9 x 12
    Family room
    • Description: Downstairs apartment features a kitchenette, family room and a space for a dining table.
    • Level: Lower
    • Area: 307.2 Square Feet
    • Dimensions: 12 x 25.6
    Kitchen
    • Description: Cook's kitchen with a large island, stainless steel appliances, beautiful tile backsplash. Open to the dining room.
    • Level: Main
    • Area: 154 Square Feet
    • Dimensions: 11 x 14
    Living room
    • Description: Spacious living area with lots of natural light through windows facing, south, west and east.
    • Level: Main
    • Area: 228 Square Feet
    • Dimensions: 12 x 19
    Loft
    • Description: Convenient loft with skylights. Would make a fun play area or office.
    • Level: Upper
    • Area: 156 Square Feet
    • Dimensions: 12 x 13
    Office
    • Description: Add a window and you would have another bedroom. Window well is in place for the egress window.
    • Level: Lower
    • Area: 140 Square Feet
    • Dimensions: 10 x 14
    Other
    • Description: Extra storage space. Partially finished. low ceiling!
    • Level: Upper
    • Area: 187 Square Feet
    • Dimensions: 17 x 11
    Heating
    • Boiler, Dual Fuel/Off Peak, In Floor Heat, Propane, Electric
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Freezer, Microwave, Range, Refrigerator, Washer
    Features
    • Ceiling Fan(s), Kitchen Island, Natural Woodwork, Walk-In Closet(s), Foyer-Entrance
    • Flooring: Hardwood Floors, Tiled Floors
    • Doors: Patio Door
    • Windows: Skylight(s)
    • Basement: Full,Egress Windows,Finished,Apartment,Bath,Bedrooms,Den/Office,Family/Rec Room,Kitchen,Utility Room,Washer Hook-Ups,Dryer Hook-Ups
    • Has fireplace: No
    Interior area
    • Total interior livable area: 2,246 sqft
    • Finished area above ground: 1,700
    • Finished area below ground: 546

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street, Detached, Multiple, Electrical Service, Insulation, Slab
    • Garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Deck
    • Exterior features: Balcony, Rain Gutters
    Lot
    • Size: 0.51 Acres
    • Dimensions: 160 x 135
    • Features: Tree Coverage - Medium, Level
    Details
    • Additional structures: Storage Shed
    • Parcel number: 801170110

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Wood, Concrete Block, Frame/Wood, Poured Concrete
    • Foundation: Concrete Perimeter
    • Roof: Asphalt Shingle
    Condition
    • Year built: 1960

    Utilities & green energy

    • Electric: Grand Marais PUC
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Fiber Optic

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Grand Marais

    Financial & listing details

    • Price per square foot: $211/sqft
    • Tax assessed value: $472,400
    • Annual tax amount: $5,456
    • Date on market: 6/17/2026
    • Cumulative days on market: 49 days
    • Listing terms: Cash,Conventional
    • Road surface type: Paved

    Price history

    DateEventPrice
    9/30/2026Sold$475,000-3%$211/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6126129 Report a problem
    8/15/2026Pending sale$489,900$218/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6126129 Report a problem
    7/31/2026Price change$489,900-2%$218/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6126129 Report a problem
    6/17/2026Listed for sale$500,000+11.9%$223/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6126129 Report a problem
    9/15/2023Sold$447,000-0.7%$199/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6109587 Report a problem
    9/11/2023Pending sale$450,000$200/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6109587 Report a problem
    8/8/2023Contingent$450,000$200/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6109587 Report a problem
    7/25/2023Listed for sale$450,000-9.9%$200/sqft
    Source: Lake Superior Area Realtors as distributed by MLS GRID #6109587 Report a problem
    7/24/2023Listing removed--
    Source: Owner Report a problem
    6/16/2023Listed for sale$499,500+79%$222/sqft
    Source: Owner Report a problem
    11/1/2019Listing removed$279,000$124/sqft
    Source: Coldwell Banker North Shore #6082692 Report a problem
    10/1/2019Price change$279,000-3.5%$124/sqft
    Source: Coldwell Banker North Shore #6082692 Report a problem
    7/9/2019Price change$289,000-1.2%$129/sqft
    Source: Coldwell Banker North Shore #6082692 Report a problem
    5/9/2019Listed for sale$292,500-2.5%$130/sqft
    Source: Coldwell Banker North Shore #6082692 Report a problem
    12/3/2018Listing removed$299,900$134/sqft
    Source: Coldwell Banker North Shore #6078096 Report a problem
    8/24/2018Price change$299,900+1.3%$134/sqft
    Source: Coldwell Banker North Shore #6078096 Report a problem
    7/12/2018Listed for sale$296,000$132/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,270 +56.2%$472,400 +2.6%
    2024$3,374 +7.2%$460,600 +17.2%
    2023$3,146 +0.4%$393,092 +12.6%
    2022$3,132 +3.2%$349,165 +32.1%
    2021$3,034 -0.8%$264,254 +0.9%
    2020$3,060 -3.7%$261,856 +2.8%
    2018$3,178 +18%$254,662 -6%
    2017$2,694 +30.3%$271,012 +13.8%
    2016$2,068 +6.3%$238,100 +11.9%
    2015$1,946 +14.3%$212,800 -0.9%
    2014$1,702 $214,800 +11.2%
    2012-- $193,200 -12.7%
    2010$1,604 $221,300
    Find assessor info on the county website

    Neighborhood: 55604

    Nearby schools

    GreatSchools rating
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