4 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

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540 Stanton Ave, Fergus Falls$138,000

Buyer Closing Credits

$1,639*

1.25% Loan Amount

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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
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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

$225K

Med. Price/SqFt

$128

Avg. Days On Market

29

# of Sold Homes

26

540 Stanton Ave vs Fergus Falls

146 DAYS ON ROCKET

+117 Days

$138,000

-$87K Less

$88/SqFt

-$40 Less

KEY TAKEAWAY

This property is $87K 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

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Last updated on: 11/17/2024, 11:52:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$756

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$480

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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-716777
8
/10

  • Cleveland Elementary School

  • 919 Northern Ave

  • 0.95 miles

  • Public District Grades 2-4

school-card-donut-716778
7
/10

  • Underwood Elementary School

  • 100 Southern Ave E

  • 10.13 miles

  • Public District Grades PK-6

school-card-donut-716779
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. The most common annual income of people living in Fergus Falls, MN is less than $35k. The majority of families are single, no kids. The most common level of education of people living 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.

Fergus Falls, MN housing market in October 2024 saw over 6 listings sold above listed price, more than 8 sold at listed price and over 12 sold below. In October 2024 in Fergus Falls, MN there were 13.1% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $225,000, while the average time on the real estate market was 29 days.

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

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