Sold for $89,000

$89,000

508 S 3rd St, Tower, MN 55790

3beds

886sqft

Single Family Residence

Built in 1941

7,405 Square Feet Lot

$89,500 Zestimate^®

$100/sqft

$1,492 Estimated rent

Home value

$89,500

$78,000 - $103,000

$1,492/mo

Zestimate^® history

Owner options

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$1,492/mo

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$1,492/mo

Rent Zestimate^®

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$456/mo

Est. payment

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$456/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

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

Rooms

Room types: Sunrm/Solarium

Bedroom

Level: Main
Area: 132.89 Square Feet
Dimensions: 9.7 x 13.7

Bedroom

Level: Main
Area: 93.28 Square Feet
Dimensions: 8.8 x 10.6

Bedroom

Description: Has egress window
Level: Lower
Area: 113.4 Square Feet
Dimensions: 9 x 12.6

Kitchen

Level: Main
Area: 131.52 Square Feet
Dimensions: 9.6 x 13.7

Living room

Description: Combine with dining room
Level: Main
Area: 271.2 Square Feet
Dimensions: 12 x 22.6

Sun room

Level: Main
Area: 86.4 Square Feet
Dimensions: 9 x 9.6

Heating

Forced Air, Propane

Cooling

None

Appliances

Included: Water Heater-Electric, Dryer, Range, Refrigerator, Washer

Features

Basement: Full,Bedrooms,Washer Hook-Ups,Dryer Hook-Ups
Has fireplace: No

Interior area

Total interior livable area: 886 sqft
Finished area above ground: 876
Finished area below ground: 10

Property

Parking

Parking features: Off Street, None
Has uncovered spaces: Yes

Lot

Size: 7,405 Square Feet
Dimensions: 140 x 50
Features: Level

Details

Parcel number: 080001002790
Other equipment: Fuel Tank-Owned

Construction

Type & style

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

Materials

Vinyl, Frame/Wood
Foundation: Concrete Perimeter
Roof: Asphalt Shingle

Condition

Previously Owned
Year built: 1941

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: $100/sqft
Tax assessed value: $76,300
Annual tax amount: $315
Date on market: 2/12/2026
Cumulative days on market: 31 days
Listing terms: Cash,Contract,Conventional

Price history

Date	Event	Price
5/4/2026	Sold	$89,000$100/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123628 Report a problem
2/24/2026	Price change	$89,000-10.9%$100/sqft
Source: Range AOR #149506 Report a problem
2/11/2026	Listed for sale	$99,900+122%$113/sqft
Source: Range AOR #149506 Report a problem
4/10/2017	Sold	$45,000-18.2%$51/sqft
Source: Public Record Report a problem
10/25/2006	Sold	$55,000$62/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$538 +11.6%	$76,300 +11.7%
2023	$482 +10%	$68,300 +18%
2022	$438 -12.4%	$57,900 +14.7%
2021	$500	$50,500 -10.1%
2020	$500	$56,200
2019	$500 +16.3%	$56,200 +6.8%
2018	$430 +2.4%	$52,600
2017	$420 -2.3%	$52,600
2016	$430	$52,600 +31.2%
2015	$430 +2.9%	$40,100
2014	$418 -21.9%	$40,100
2013	$535 +7.7%	$40,100
2012	$497 -11.7%	$40,100 -41.6%
2011	$563 +2.5%	$68,700
2010	$549	$68,700
2009	$549 +34.7%	$68,700 +15.3%
2008	$408 +13.5%	$59,600 +15.1%
2007	$359 +31.8%	$51,800 +15.1%
2006	$273 +4.8%	$45,000 +32.4%
2004	$260 -0.8%	$34,000 +11.8%
2003	$262 +13.9%	$30,400 +10.1%
2002	$230 +7.6%	$27,600 +8.7%
2001	$214 +2%	$25,400 +8.5%
2000	$210	$23,400