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 $199/sqft.
Your Negotiating Position: 74 — Strong buyer leverage
Powered by the Realgorithm™ — 83 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: 17 similar Grand Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 12 days — 2 of the last 9 inside 4 days.
Powered by the Realgorithm™ — real Grand Rapids closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1966
- Above Grade
- 960 sq ft
- Below Grade
- 40 sq ft
- Lot Size
- 0.21 acres
- Garage
- 2-car (Detached Garage)
- Heating
- Forced Air
- Cooling
- None
- Basement
- Yes
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $1,359
- Special Assessments
- $81
- County
- Itasca
- Days on Market
- 49
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
Shannon Barnum
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 $199/sqft. Its negotiating-position score is 74/100 (Strong buyer leverage), 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.
- 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 many homes like 507 NW 16th Avenue are for sale in Grand Rapids?
- 17 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 12 days over the last 90 days — 2 of the last 9 went under contract within 4 days.
- 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.