5 months on rocket

540 Stanton Ave, Fergus Falls, MN, 56537

$138,000

Home List Price

$1,639*

Closing Credit

0 Baths
1,574 SqFt
$88/SqFt
Multi

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

540 Stanton Ave, Fergus Falls$138,000

Buyer Closing Credits

$1,639*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeDuplex
ParkingGravel, Parking Lot
Garage1 space
Year Built1913
HeatingSteam
BasementYes
MLS #6558612
StatusActive

About 540 Stanton Ave

Looking for an opportunity to enter the realm of real estate investment or to expand your rental portfolio? This 2-unit residential unit offers potential for significant ROI for someone handy in the skills of maintenance and repair. Main floor 1BR/1BA apartment and 2BR/2BA upper floor apartment. Potential to add studio type apartment in lower level. With diligence, patience, and a strategic approach, investing in this low-cost property can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is condition. Seller has paid in-full the special assessment for the current street reconstruction.

Property Details

Property Features

Property Information:

  • Year Built: 1913
  • Living Area: 1,574 SqFt

Listing Office:

  • Office Name: Trilogy Real Estate

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Gravel, Parking Lot

Utilities

Utilities Information:

  • Heating: Steam

Other

Directions Information:

  • Directions: From West Lincoln Ave turn south onto Broadway. Stanton Ave is under construction, so Park on Broadway. Then take sidewalk on Stanton east to second house on North side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $138,000
  • Price Per SqFt: $88/SqFt
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Fergus Falls, MN

City

Med. Sold Price

$226K

Med. Price/SqFt

$127

Avg. Days On Market

49

# of Sold Homes

13

540 Stanton Ave vs Fergus Falls

177 DAYS ON ROCKET

+128 Days

$138,000

-$88K Less

$88/SqFt

-$40 Less

KEY TAKEAWAY

This property is $88K less than the Median Sold Price and $40/SqFt less than other homes in Fergus Falls, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6558612

Listing Office:

  • Office Name: Trilogy Real Estate

IDX Broker Reciprocity Copyright © 2024 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 9:22:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$756

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$480

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-98869
8
/10

  • Cleveland Elementary School

  • 919 Northern Ave

  • 0.95 miles

  • Public District Grades 2-4

school-card-donut-98870
7
/10

  • Underwood Elementary School

  • 100 Southern Ave E

  • 10.13 miles

  • Public District Grades PK-6

school-card-donut-98871
4
/10

  • Rothsay Elementary School

  • 2040 County Road 52

  • 16.76 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 $43,672. 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

Rocket Homes›Minnesota›Otter Tail County›Fergus Falls›56537›540 Stanton Ave

This home is located at 540 Stanton Ave in Fergus Falls, MN and zip code 56537. This 1,574 square foot home was built in 1913. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $138,000.

While more than 4 listings in Fergus Falls, MN in November 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 6 were sold below. In November 2024 in Fergus Falls, MN there were 8.6% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $226,000, while the average time on the real estate market was 49 days.

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

More Resources