11 days on rocket

601 N 1st Ave, Fergus Falls, MN, 56537

$74,999

Home List Price

$891*

Closing Credit

2 Bedrooms
1 Partial Bath
1,057 SqFt
$71/SqFt
House
Schools Nearby

Location

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601 N 1st Ave, Fergus Falls$74,999

Buyer Closing Credits

$891*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDriveway - Gravel
Year Built1920
HeatingForced Air
CoolingWindow Unit(s)
MLS #6521736
Lot Size0.29 Acres
StatusActive

About 601 N 1st Ave

Looking for an opportunity to enter the realm of real estate investment or to expand your rental portfolio? This small residential unit offers potential for significant ROI for someone handy in the skills of maintenance and repair. A 2 bedroom, 1 bath, 1,000+SF home with tenant lease through November gives you immediate cash flow. With diligence, patience, and a strategic approach, investing in this low-cost property, priced below market value, can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is condition.

Property Details

Property Features

Property Information:

  • Architectural Style: (SF) Single Family
  • Year Built: 1920
  • Living Area: 1,057 SqFt

Listing Office:

  • Office Name: Trilogy Real Estate
  • Office Phone: (701) 261-0279
  • Listing Agent: Brian Tjaden

Interior Features

Interior Information:

  • Appliances: Dryer, Electric Water Heater, Range, Refrigerator
  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Driveway - Gravel

Lot Features

Lot Information:

  • Lot: Some Trees
  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Window Unit(s)

School Info

Assigned Schools Information:

  • Iq Academy Minnesota, Public District Grades KG-12
  • Kennedy Secondary School, Public District Grades 6-12
  • Cleveland Elementary School, Public District Grades 3-5

Other

Directions Information:

  • Directions: From Lincoln Avenue proceed north on First Avenue 5 blocks, house is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $74,999
  • Price Per SqFt: $71/SqFt

Tax Information:

  • Annual Amount: $604
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Fergus Falls, MN.

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Fergus Falls, MN

City

Med. Sold Price

$218K

Med. Price/SqFt

$124

Avg. Days On Market

54

# of Sold Homes

19

601 N 1st Ave vs Fergus Falls

11 DAYS ON ROCKET

-43 Days

$74,999

-$143K Less

$71/SqFt

-$54 Less

KEY TAKEAWAY

This property is $143K less than the Median Sold Price and $54/SqFt less than other homes in Fergus Falls, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #6521736

Listing Office:

  • Office Name: Trilogy Real Estate
  • Office Phone: (701) 261-0279
  • Listing Agent: Brian Tjaden

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the RMLS. Real estate listings other than this broker are marked with the Broker Reciprocity logo and the view of detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively 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. All property listing data is Copyright 2001-2024 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS® RMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/7/2024, 12:50:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$604$39,700
2019$608$37,900
2018$600$37,900
2017$510$33,200

History based on county public records data.

Payment Calculator

$442

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$291

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-7274181
7
/10

  • Cleveland Elementary School

  • 919 Northern Ave

  • 0.99 miles

  • Public District Grades 3-5

High School

school-card-donut-7274182
2
/10

  • Iq Academy Minnesota

  • 340 Friberg Ave

  • 0.96 miles

  • Public District Grades KG-12

school-card-donut-7274183
8
/10

  • Kennedy Secondary School

  • 601 Randolph Ave

  • 1.17 miles

  • Public District Grades 6-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,383. Residents of Fergus Falls, MN typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 601 N 1st Ave

What is the listing price of this property?

The listing price of 601 N 1st Ave property is $74,999.

What type of property is this?

The property 601 N 1st Ave is a house located in Fergus Falls, Minnesota, 56537.

Is this property for sale now?

Active Listing: 601 N 1st Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 601 N 1st Ave are:
Cleveland Elementary School: GreatSchools Rating 7/10
Iq Academy Minnesota: GreatSchools Rating 2/10
Kennedy Secondary School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $604 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 601 N 1st Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 601 N 1st Ave is 1,057 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 601 N 1st Ave is 1920.

Rocket Homes›Minnesota›Otter Tail County›Fergus Falls›56537›601 N 1st Ave

This home is located at 601 N 1st Ave in Fergus Falls, MN and zip code 56537. This 1,057 square foot home, which was built in 1920, sits on a 0.29 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $74,999.

In April 2024 more than 6 listings in Fergus Falls, MN were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 8 were sold below. The number of homes for sale in Fergus Falls, MN increased by 14.7% between March 2024 and April 2024. While the average time on the market in April 2024 was 54 days, the median list price was $218,000.

From Rocket Homes Real Estate and based on county public records data.

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