NOT LISTED FOR SALE

509 3rd Ave E Ada, MN 56510

Estimated Value: $47,530 - $100,000

1 Bed
1 Bath
1,312 Sq Ft
$55/Sq Ft Est. Value

Last Sold April 26, 2023

Last sale price $41,000 $31 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $422/month

120 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Baseboard Heating
  • Living Room
  • Forced Air Heating System
  • Utility Room

About This Home

As of April 2023

Investment Opportunity or great 1st home with new shingles! Very energy efficient 1 bedroom with bonus room, spacious livingroom, nice appliances, added sump pump, shed and large back yard. Enjoy living on a quiet street close to downtown Ada!

Last Agent to Sell the Property

Melissa Watson

The Real Estate Company of Detroit Lakes Listed on: 11/27/2022

Last Buyer's Agent

Melissa Watson

The Real Estate Company of Detroit Lakes Listed on: 11/27/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $406

Year Built

  • Built in 1930

Lot Details

  • 7,500 Sq Ft Lot

Home Design

  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,312 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Utility Room
  • Basement
  • Block Basement Construction

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Baseboard Heating
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • Hampsons Subdivision

Listing and Financial Details

  • Assessor Parcel Number 250566000

Home Details

Home Type

Single Family

Est. Annual Taxes

$406

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Water Source: City Water/Connected
  • Year Built: 1930
  • Above Grade Finished Sq Ft: 656
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Block
  • Appliances: Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Living Area: 1312
  • Window Features: Window Coverings
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Utility Room, Bathroom, Other Room

Beds/Baths

  • Total Bedrooms: 1
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Architectural Shingle

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Ada-Borup
  • SchoolDistrictPhone: 218-784-5312

Lot Info

  • Lot Size Sq Ft: 7500
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 250566000
  • Tax Annual Amount: 406

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2022
Closed on
Apr 26, 2023
Sold by
W & E Properties Llc
Bought by
Pasewaldt Joshua
Seller's Agent
Melissa Watson
The Real Estate Company of Detroit Lakes
Buyer's Agent
Melissa Watson
The Real Estate Company of Detroit Lakes
List Price
$41,000
Sold Price
$41,000
Views
67
Current Estimated Value
$72,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,133
Avg. Annual Appreciation
24.06%

Purchase Details

Closed on
Sep 22, 2018
Sold by
Flynn Alexandria M
Bought by
W & E Properties Llc

Purchase Details

Closed on
Mar 31, 2017
Sold by
Flynn Alexandria Alexandria
Bought by
Askelson Todd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
4.15%

Purchase Details

Closed on
Jul 12, 2013
Bought by
Flynn Alexandria M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Pasewaldt Joshua $41,000 --
W & E Properties Llc $23,100 --
Askelson Todd $30,500 --
Flynn Alexandria M $19,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Askelson Todd $22,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2023 04/26/23 Sold $41,000 0.0% $31 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
11/27/2022 11/27/22 For Sale $41,000 -- $31 / 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
2025 $520 $30,600 $4,100 $26,500
2024 $520 $31,300 $4,100 $27,200
2023 $514 $29,300 $4,100 $25,200
2022 $554 $27,800 $4,100 $23,700
2021 $472 $27,300 $4,100 $23,200
2020 $468 $21,600 $4,100 $17,500
2019 $274 $21,300 $3,800 $17,500
2018 $304 $14,700 $3,800 $10,900
2017 $336 $0 $0 $0
2016 $338 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 7422229

NorthstarMLS

APN: 25-0566000