NOT LISTED FOR SALE

16595 540th Ave Wells, MN 56097

Estimated Value: $300,000 - $444,000

5 Beds
3 Baths
3,000 Sq Ft
$129/Sq Ft Est. Value

About This Home

This home is located at 16595 540th Ave, Wells, MN 56097 and is currently estimated at $387,540, approximately $129 per square foot. 16595 540th Ave is a home located in Faribault County with nearby schools including United South Central Elementary School, United South Central High School, and Covenant Life School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 11, 2021
Sold by
Linder John P and Linder Judy
Bought by
Verness Christina and Riess Lesley
Current Estimated Value
$387,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
2%
Mortgage Type
Land Contract Argmt. Of Sale
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Verness Christina $1,130,000 None Available
Verness Christina Christina $1,130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Verness Christina $1,000,000
Source: Public Records

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
2025 $3,480 $371,800 $75,100 $296,700
2024 $3,390 $423,600 $75,100 $348,500
2023 $3,940 $403,600 $50,400 $353,200
2022 $3,418 $414,500 $50,400 $364,100
2021 $5,384 $1,392,900 $1,076,000 $316,900
2020 $5,286 $1,343,400 $1,076,000 $267,400
2019 $5,292 $1,330,800 $1,076,000 $254,800
2018 $4,990 $1,330,800 $1,076,000 $254,800
2017 $5,588 $1,305,100 $1,076,000 $229,100
2013 -- $1,356,400 $1,188,500 $167,900
Source: Public Records

Map

Minnesota Faribault County Wells 56097

16595 540th Ave, Wells, MN

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