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501 8th St SW, Perham, MN, 56573

$197,700

Home List Price

$2,348*

Closing Credit

2 Bedrooms
1 Full Bath
1,644 SqFt
$120/SqFt
House

Location

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501 8th St SW, Perham$197,700

Buyer Closing Credits

$2,348*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Garage, Concrete
Attached Garage2 spaces
Year Built1978
HeatingBaseboard, Wood Stove
CoolingNone
BasementYes
FireplaceWood Burning
MLS #6632581
StatusActive

About 501 8th St SW

This well cared for rambler in the heart of Perham features 2 bedrooms, 2 bathrooms, with an attached 2 stall garage. Positioned on a corner lot across from Krause Park. The main level offers an abundance of natural light, a galley style kitchen with a large pantry closet and lots of cabinets, 2 bedrooms with ample closet space and a full bathroom. Lower level offers a family room, 3/4 bathroom and utility room for extra storage. Maintenance free steel siding and a large yard make this an ideal home in an excellent location.

Property Details

Property Features

Property Information:

  • Year Built: 1978
  • Living Area: 1,644 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Appliances: Dryer, Range, Refrigerator, Washer, Water Softener
  • Basement: Yes
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage, Concrete

Utilities

Utilities Information:

  • Heating: Baseboard, Wood Stove
  • Cooling: None

Other

Directions Information:

  • Directions: From Otter Tail Scenic Byway go left on 5th St. SE, left onto 5th Ave SW, then right onto 8th St SW. Property on corner.

Price Information

Listing Price Info

Price Summary:

  • List Price: $197,700
  • Price Per SqFt: $120/SqFt

Tax Information:

  • Annual Amount: $944
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Perham, MN.

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Perham, MN

City

Med. Sold Price

$345K

Med. Price/SqFt

$155

Avg. Days On Market

103

# of Sold Homes

9

501 8th St SW vs Perham

33 DAYS ON ROCKET

-70 Days

$197,700

-$147.3K Less

$120/SqFt

-$36 Less

KEY TAKEAWAY

This property is $147.3K less than the Median Sold Price and $36/SqFt less than other homes in Perham, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6632581

Listing Office:

  • Office Name: eXp Realty

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Last updated on: 12/22/2024, 9:22:49 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$944$121,100
2019$1,242$112,700
2018$1,176$85,600
2017$1,020$71,500

History based on county public records data.

Payment Calculator

$1,054

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$659

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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.

Nearby Schools

school-card-donut-936551
3
/10

  • Heart of the Lake Elementary School

  • 810 2nd Ave SW

  • 0.27 miles

  • Public District Grades PK-4

school-card-donut-936552
8
/10

  • New York Mills Elementary School

  • 209 Hayes Ave

  • 10.90 miles

  • Public District Grades PK-6

school-card-donut-936553
6
/10

  • Frazee Elementary School

  • Hickory Ave

  • 11.24 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,899. The majority of Perham, MN residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 8th St SW

What is the listing price of this property?

The listing price of 501 8th St SW property is $197,700.

What type of property is this?

The property 501 8th St SW is a house located in Perham, Minnesota, 56573.

Is this property for sale now?

Active Listing: 501 8th St SW is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $944 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 501 8th St SW has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 501 8th St SW is 1,644 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 8th St SW is 1978.

Rocket Homes›Minnesota›Otter Tail County›Perham›56573›501 8th St SW

This home is located at 501 8th St SW in Perham, MN and zip code 56573. This 1,644 square foot home was built in 1978. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $197,700.

While more than 2 listings in Perham, MN in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 7 were sold below. The number of homes for sale in Perham, MN increased by 6.4% between October 2024 and November 2024. Listings spent 103 days on the market in November 2024, and had a median list price of $345,000 during the same period.

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

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