507 NW 16th Avenue, Grand Rapids, MN 55744
2 Beds | 2 Baths | 1,000 Sq Ft | Single Family Home | MLS# 7108049
Is 507 NW 16th Avenue a Good Deal?
BuyPulse Verdict
Fair Market Value
At $199/sqft — This home is priced right at the typical Grand Rapids single-family home of $193/sqft.
Your Negotiating Position
64 — Balanced market
Day 94 — similar homes typically go under contract by day ~18. This one is past that window.
69% of recent sales closed at or over asking — Grand Rapids sellers rarely discount.
20 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 84 active Grand Rapids listings · NorthstarMLS
$1,242/month Estimated
- Principal & interest
- $1,006
- Property taxes
- $113
- Home insurance (est.)
- $116
- Special assessments
- $7
- HOA dues
- None
20% down ($39,800) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
Located in Syndicate Div To Grand Rapids, Grand Rapids, MN.
About This Home
Some homes simply have good bones, and this is one of them. Whether you're looking for your first home, a place to downsize, or an investment opportunity, this well-built 2-bedroom, 2-bath home is full of potential. The main level features two bedrooms, a 3/4 bath, a spacious living room filled with natural light, and an eat-in kitchen with plenty of cabinet space. The lower level adds a second bathroom and additional space that can be finished to fit your needs, whether that's a family room, hobby area, or home office. Outside, you'll appreciate the oversized double garage with plenty of room for vehicles, storage, and workshop space. The manageable yard offers space to enjoy without requiring hours of maintenance. If you've been searching for a solid home in a great location with the opportunity to build equity, this one deserves a look.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $149K and $249K in Grand Rapids:
- The field: 20 similar Grand Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 18 days — 2 of the last 10 inside 4 days.
- Negotiation: 69% of the last 16 sales here closed at or over list — Grand Rapids doesn't discount.
Powered by the Realgorithm™ — 16 real Grand Rapids closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1966
- Garage
- 2-Car Detached
- Style
- One
- HOA
- None
- Annual Taxes
- $1,359 (2026)
- Specials/yr
- $81
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 960
- Below Grade Sq Ft
- 40
- Lot Size
- 0.21 acres
- Basement
- Yes
- Roof
- Asphalt
- County
- Itasca
- List Date
- 2026-07-10
- Days on Market
- 94 days
- Parcel ID
- 917050615
Financial
- Total Tax incl. Assessments
- $1,440
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- None
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 960 sqft
- Total Building Area
- 1,920 sqft
Exterior Features
- Exterior Features
- Steel Siding
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage
Lot & Land
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- COLDWELL BANKER NORTHWOODS
Price History
Listed at $199,000 on Jul 10, 2026 — No price changes
507 NW 16th Avenue is listed in Grand Rapids, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 507 NW 16th Avenue
Associate Broker · Modern Market REALTORS®
Your Grand Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by COLDWELL BANKER NORTHWOODS · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7108049 · Data refreshed July 13, 2026
Similar Homes for Sale Near 507 NW 16th Avenue, Grand Rapids, MN
Frequently Asked Questions About 507 NW 16th Avenue
- Is $199,000 a good price for a home in Grand Rapids?
- According to BuyPulse, 507 NW 16th Avenue rates Fair Market Value — at $199/sqft it's priced right at the typical Grand Rapids single-family home of $193/sqft. Its negotiating-position score is 64/100 (Balanced market), weighed on days on market, comparable inventory, and how Grand Rapids homes are closing versus list. Powered by the Realgorithm™. Browse Grand Rapids homes for sale to compare.
- What are the special assessments at 507 NW 16th Avenue — and what do they mean?
- This property has $81/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $1,359/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- Does 507 NW 16th Avenue have a basement?
- Yes, 507 NW 16th Avenue has a basement with 40 sq ft of below-grade space.
- What type of heating and cooling does 507 NW 16th Avenue have?
- 507 NW 16th Avenue has Forced Air heating and None cooling.
- Where is 507 NW 16th Avenue located?
- 507 NW 16th Avenue is in the Syndicate Div neighborhood of Grand Rapids, MN 55744, in Itasca County.
- Is 507 NW 16th Avenue still available?
- Yes — 507 NW 16th Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 507 NW 16th Avenue built?
- 507 NW 16th Avenue was built in 1966. It features an asphalt roof and a block foundation.
- How walkable is 507 NW 16th Avenue?
- 507 NW 16th Avenue has a Walk Score of 37/100 (Car-Dependent) and a Bike Score of 30/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 507 NW 16th Avenue are for sale in Grand Rapids?
- 20 similar homes (single-family homes between $149K and $249K in Grand Rapids) are for sale right now — you have options.
- How fast do homes like 507 NW 16th Avenue sell in Grand Rapids?
- Homes like this one (single-family homes between $149K and $249K in Grand Rapids) went pending in a median 18 days over the last 90 days — 2 of the last 10 went under contract within 4 days.
- Do homes in Grand Rapids sell for asking price?
- 69% of the last 16 comparable Grand Rapids sales closed at or over list price — Grand Rapids doesn't discount. Based on real NorthstarMLS closings, not estimates.
- What does "BuyPulse" mean?
- BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Grand Rapids area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.