For sale

Price cut: $4.5K (6/27)

$264,500

506 2nd St S, Tower, MN 55790

3beds

1,659sqft

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Single Family Residence

Built in 1898

7,405 Square Feet Lot

$254,500 Zestimate^®

$159/sqft

$-- HOA

What's special

Screen porchNatural wood ceilingsElectrical upgradesFreshly paintedAdded insulationTriple pane windowsPropane furnace

Lake Vermilion & Giants Ridge Areas—Great Rental Potential! Easy One Level Living—Exceptional 3BR/2BA Updated Home W/City Water & Sewer, New 2 Stall Garage, Huge Yard In Peaceful Tower, Just 17 Mi To The Slopes, Tees, Lakes, Bike & Snowmobile Trails At Giants Ridge. Only Blocks To Lake Vermilion Landing, State Park, Bike & Snowmobile Trails. 1659 SF home offers main flr BR & full BA. LR w/wd burning firepl front stove & glowing hardwd flr open to screen porch. Lg kitch w/painted wood cabinets & bar open to DR. Upstairs guest BR & primary suite w/bth, walk in closet & deck. Triple pane windows, added insulation, freshly painted. Almost every room completely renovated. New: 2 new firepl front wood stoves, screen porch, propane furnace, electrical upgrades, natural wood ceilings. Good internet. Furnishings available. Click link for 3D Tour!

144 days

354

10

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bedrooms: 1

Bedroom

Level: Main
Area: 117.8 Square Feet
Dimensions: 9.5 x 12.4

Bedroom

Level: Upper
Area: 147.42 Square Feet
Dimensions: 11.7 x 12.6

Bedroom

Level: Upper
Area: 132.21 Square Feet
Dimensions: 11.9 x 11.11

Dining room

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

Family room

Level: Upper
Area: 150.29 Square Feet
Dimensions: 11.3 x 13.3

Kitchen

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

Living room

Level: Main
Area: 358.82 Square Feet
Dimensions: 15.4 x 23.3

Heating

Forced Air, Propane

Cooling

None

Appliances

Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry: Main Level, Dryer Hook-Ups, Washer Hookup

Features

Walk-In Closet(s)
Flooring: Hardwood Floors
Basement: N/A
Number of fireplaces: 2
Fireplace features: Wood Burning

Interior area

Total interior livable area: 1,659 sqft
Finished area above ground: 1,011
Finished area below ground: 648

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Patio & porch: Deck, Porch
Fencing: Fenced

Lot

Size: 7,405 Square Feet
Dimensions: 140 x 80

Details

Foundation area: 1344
Parcel number: 0800001002610

Construction

Type & style

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

Materials

Asphalt, Frame/Wood
Roof: Asphalt Shingle

Condition

Previously Owned
Year built: 1898

Utilities & green energy

Electric: Lake Country Power
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Has HOA: No

Location

Region: Tower

Financial & listing details

Price per square foot: $159/sqft
Tax assessed value: $77,100
Annual tax amount: $353
Date on market: 2/14/2026
Cumulative days on market: 147 days
Listing terms: Cash,Conventional

Estimated market value

$254,500

$242,000 - $267,000

$1,796/mo

Price history

Date	Event	Price
6/27/2026	Price change	$264,500-1.7%$159/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123660 Report a problem
5/20/2026	Price change	$269,000-2.2%$162/sqft
Source: Range AOR #149512 Report a problem
2/13/2026	Listed for sale	$275,000+10%$166/sqft
Source: Range AOR #149512 Report a problem
8/3/2025	Listing removed	$250,000$151/sqft
Source: Range AOR #148322 Report a problem
5/12/2025	Listed for sale	$250,000+100.2%$151/sqft
Source: NorthstarMLS as distributed by MLS GRID #6716552 Report a problem
11/20/2023	Sold	$124,900$75/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6110887 Report a problem
11/20/2023	Pending sale	$124,900$75/sqft
Source: NorthstarMLS as distributed by MLS GRID #6443007 Report a problem
10/9/2023	Contingent	$124,900$75/sqft
Source: Range AOR #145894 Report a problem
10/3/2023	Listed for sale	$124,900$75/sqft
Source: Range AOR #145894 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$922 -23.8%	$77,100 +11.6%
2023	$1,210 +6.9%	$69,100 +17.9%
2022	$1,132 +105.8%	$58,600 +14.7%
2021	$550	$51,100 -14.8%
2020	$550	$60,000
2019	$550 +16%	$60,000 +7%
2018	$474 +2.6%	$56,100
2017	$462 -2.5%	$56,100
2016	$474	$56,100 +83.9%
2015	$474 +2.6%	$30,500 +38%
2014	$462 +91.9%	$22,100
2013	$241 +3.9%	$22,100
2012	$232 -36.7%	$22,100 -57.3%
2011	$366 +2.9%	$51,700
2010	$356	$51,700
2009	$356 +31.3%	$51,700 +11.9%
2008	$271 -0.3%	$46,200 +6%
2007	$272 +2.3%	$43,600
2006	$266 +3.8%	$43,600 +14.4%
2004	$256 -65.9%	$38,100 +12.1%
2003	$752 +12.3%	$34,000 +7.6%
2002	$669 +6.6%	$31,600 +8.6%
2001	$628 +3%	$29,100 +8.6%
2000	$610	$26,800

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