NOT LISTED FOR SALE

16 NW 3rd St Adams, MN 55909

Estimated Value: $204,000 - $246,000

6 Beds
4 Baths
3,838 Sq Ft
$59/Sq Ft Est. Value

Last Sold May 02, 2023

Last sale price $172,450 $45 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $1,736/month

339 Days on Market

About This Home

As of May 2023

Excellent investment opportunity! Rare side-by-side duplex in Adams with identical 3 bed, 2 bath units, and two car garage. Each unit features main floor living room, eat-in kitchen and dining and 2nd level has 3 bedrooms and a full bath upstairs. Lower level walk out has family room, laundry, a 3/4 bath, and a shared deck. Separate meters for water, gas, and electric. Excellent rental history! Tenants pay all expenses. Both units furnaces and water heaters new in 2016! Great location in the heart of Adams.

Last Agent to Sell the Property

Geoffrey Serdar

Compass Listed on: 03/22/2022

Compass

Co-Listed By

Sabrina Eownik

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,876

Year Built

  • Built in 1963

Lot Details

  • 0.25

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Additional Features

  • Lot Dimensions are 95x115
  • Forced Air Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for insurance, taxes
  • Assessor Parcel Number 210010770

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,876

Year Built

Built in 1963

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1963
  • Above Grade Finished Sq Ft: 2926
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Full, Walkout
  • Living Area: 3838
  • Fireplace: No
  • Below Grade Finished Sq Ft: 912
  • Owner Pays: Insurance, Taxes
  • Basement YN: Yes
  • Amenities: Deck,Porch
  • Appliances: Dryer,Range
  • Total Rooms: 6
  • Amenities: Deck,Porch
  • Appliances: Dryer,Range
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt

Garage/Parking

  • Parking Features: Attached Garage, Concrete
  • Garage Square Feet: 504

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Southland
  • SchoolDistrictNumber: 500
  • SchoolDistrictPhone: 507-582-3283

Lot Info

  • Lot Size: 95x115
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Green Features

  • Green Certified Status: Tested

Building Info

  • Construction Materials: Metal Siding
  • Units Total: 2

Rental Info

  • Expenses: 1100.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 210010770
  • Tax Annual Amount: 2876
  • TaxWithAssessments: 2876.0000

Multi Family

  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2022
Closed on
Apr 27, 2023
Sold by
Ninja Cover Llc
Bought by
Hadle Katy and Shalia Guy
Seller's Agent
Geoffrey Serdar
Compass
List Price
$230,000
Sold Price
$172,450
Premium/Discount to List
-$57,550
-25.02%
Views
1
Current Estimated Value
$225,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,320
Avg. Annual Appreciation
12.26%
Original Mortgage
$169,326
Outstanding Balance
$164,969
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$60,801

Purchase Details

Closed on
Oct 22, 2020
Sold by
Bownik Sabrina Toffany and Serdar Geoffrey
Bought by
Ninja Cover Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,900
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 2019
Sold by
Bownik Tiffany
Bought by
Bownik Sabrina Tiffany and Serdar Geoffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,975
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2018
Sold by
Nordeen Phyllis V
Bought by
Bownik Sabrina Tiffany

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,975
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2008
Sold by
Prescott David Martin
Bought by
Nordeen Steven M and Nordeen Phyllis
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hadle Katy $172,450 --
Ninja Cover Llc -- Dca Title
Bownik Sabrina Tiffany -- None Available
Bownik Sabrina Tiffany $90,500 Partners Title Llc
Nordeen Steven M $116,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hadle Katy $169,326
Previous Owner Ninja Cover Llc $88,900
Previous Owner Bownik Sabrina Tiffany $85,975
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2023 05/02/23 Sold $172,450 -1.4% $45 / Sq Ft
02/24/2023 02/24/23 Pending -- -- --
11/11/2022 11/11/22 Price Changed $174,900 -2.8% $46 / Sq Ft
10/13/2022 10/13/22 Price Changed $179,900 -5.3% $47 / Sq Ft
07/18/2022 07/18/22 Price Changed $189,900 -5.1% $49 / Sq Ft
05/16/2022 05/16/22 Price Changed $200,000 -4.8% $52 / Sq Ft
05/09/2022 05/09/22 Price Changed $210,000 -4.5% $55 / Sq Ft
04/21/2022 04/21/22 Price Changed $220,000 -4.3% $57 / Sq Ft
03/22/2022 03/22/22 For Sale $230,000 -- $60 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,098 $231,000 $30,000 $201,000
2023 $4,028 $257,100 $30,000 $227,100
2022 $2,876 $225,600 $30,000 $195,600
2021 $2,672 $127,900 $18,200 $109,700
2020 $3,082 $116,900 $18,200 $98,700
2018 $508 $124,100 $18,200 $105,900
2017 $2,558 $0 $0 $0
2016 $2,816 $0 $0 $0
2015 $2,450 $0 $0 $0
2012 $2,450 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6167590

NorthstarMLS

APN: 21-001-0770