501 2nd St
Tower, MN 55790
4 bd 1 ba 2,325 sqft Built 1920 Lot 7,013 sqft single_family
Most recent sale
$73,000
Apr 4, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 4, 2022 | Sold | $73,000 | MLS #6091092 |
| Feb 7, 2022 | Relisted | $80,000 | MLS #142210 |
| Sep 21, 2021 | Price changed | $80,000 | MLS #6091092 |
| Aug 26, 2021 | Listed | $84,000 | MLS #6091092 |
| Apr 14, 2004 | Sold | $54,300 | Public Record |
| Mar 13, 2003 | Sold | $49,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $77,383 | $4,887 | $82,270 | $1,256 |
| 2023 | $42,782 | $3,254 | $46,036 | $706 |
| 2022 | $33,360 | $2,820 | $36,180 | $562 |
| 2021 | $33,360 | $2,820 | $36,180 | $572 |
| 2020 | $33,360 | $2,820 | $36,180 | $690 |
| 2019 | $39,720 | $2,820 | $42,540 | $588 |
| 2018 | $37,080 | $2,700 | $39,780 | $600 |
| 2017 | $37,080 | $2,700 | $39,780 | $602 |
| 2016 | $37,080 | $2,700 | $39,780 | $588 |
| 2015 | $37,100 | $2,700 | $39,800 | $708 |
| 2014 | $42,700 | $2,700 | $45,400 | $654 |
| 2013 | $42,700 | $2,700 | $45,400 | $636 |
| 2012 | $42,700 | $2,700 | $45,400 | $593 |
| 2011 | $42,700 | $2,700 | $45,400 | $751 |
| 2010 | $77,600 | $4,700 | $82,300 | $735 |
| 2009 | $77,600 | $4,700 | $82,300 | $632 |
| 2008 | $77,600 | $4,700 | $82,300 | $557 |
| 2007 | $65,300 | $4,000 | $69,300 | $558 |
Property facts
Year built
1920
Property type
single_family
Stories
2
Beds
4
Baths
1
Living area
2,325 sqft
Lot size
7,013 sqft
ZIP code
55790
City
Tower
Street
2nd St
Coordinates
47.80464, -92.27466
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$438
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 501 2nd St last sell?
501 2nd St most recently sold on Apr 4, 2022 for $73,000.
What is the current tax assessment for 501 2nd St?
The most recent total assessment for 501 2nd St (year 2025) is $82,270 with $1,256 in property tax.
How does 501 2nd St's assessment compare to its last sale price?
The current assessment is 12.7% above the last sale price of $73,000.
When was 501 2nd St built?
501 2nd St was built in 1920.
How does 501 2nd St compare to others on 2nd St?
We track 8 other properties on 2nd St. Browse the list under "Other properties on 2nd St" to compare beds, baths, and sale history.
What are the property facts for 501 2nd St?
501 2nd St is a 4 bed, 1 bath, 2,325 sqft, 7,013 sqft lot single_family.
Is 501 2nd St a flip candidate?
No — 501 2nd St does not appear in our flips dataset.
Is 501 2nd St a tax-appeal candidate?
No — 501 2nd St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+5.8%
Implied 1-yr
+23.1%
2026 Q2
$545.7K
2026 Q3
$568.6K
ZIP 55790 — Median Price History + Forecast
Explore nearby
Other properties on 2nd St