Lori Gustafson

507 Nw 16th Avenue

Grand Rapids, MN
$ 199,000 Beds 2 Baths 2 Sq 1,000
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 199,000
  • City
  • Grand Rapids
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • ITASCA
  • Half Bathrooms
  • 0
  • Area
  • Syndicate Div To Grand Rapids
  • Lot Size
  • 0.21 Acres
  • Zip
  • 55744
  • Sqr Footage
  • 1,000
  • Year Built
  • 1966
  • Taxes
  • $ 1359
  • Style
  • Single Family
  • MLS#
  • 7108049
Listed By: COLDWELL BANKER NORTHWOODS
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1000
Sewer City Sewer/Connected
Heating Forced Air
Cooling None
Roof Asphalt
Garage Spaces 2
Year Built 1966
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Itasca
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Syndicate Div To Grand Rapids
Directions In town
City Grand Rapids
High School District Grand Rapids
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1359
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Grand Rapids

Interior Features

Basement Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 960
3/4 Baths 2
Total Bedrooms 2
Below Grade Finished Area 40
Total Baths 2
Foundation Dimensions 24x40
Fuel Natural Gas
Garage Dimensions 20x22
Garage Square Feet 440

Exterior Features

Parking Features Detached Garage
Water Source City Water/Connected
Lot Size Area 0.21
Building Area Total 1920
Lot Dimensions 143x62
Waterfront Y/N No
Foundation Area 960

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/11/2026 Listed $199,000

Property vs Zip Code Average in 55744

Price
AVG $410K
$200K
Taxes
AVG $3,173
$1,359
Year Built
AVG 1980
1966
Visits
AVG 51
17
Data Provided by Inside Real Estate®

Areas That We Cover

507 Nw 16th Avenue Grand Rapids, MN is a Single Family Home for sale at $199000 with 1000 sqft and a lot size of 0.21 Acres Acre(s). 507 Nw 16th Avenue Grand Rapids has 2 bedrooms, 2 baths and was built in 1966. The property's zip code is 55744 which is in Grand Rapids, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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