4 months on rocket

540 W Stanton Ave, Fergus Falls, MN, 56537

$138,000

Home List Price

$1,639*

Closing Credit

3 Bedrooms
2 Baths
2,361 SqFt
$58/SqFt
Multi

Location

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540 W Stanton Ave, Fergus Falls$138,000

Buyer Closing Credits

$1,639*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingParking Lot, Driveway - Gravel
Garage1 space
Year Built1913
HeatingSteam
MLS #6558612
Lot Size0.29 Acres
StatusActive

About 540 W 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:

  • Architectural Style: (MF) Duplex Up and Down
  • Year Built: 1913
  • Living Area: 2,361 SqFt

Listing Office:

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

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot Size: 0.29 Acres

Utilities

Utilities Information:

  • Heating: Steam

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 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: $58/SqFt

Tax Information:

  • Annual Amount: $888
  • 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

$225K

Med. Price/SqFt

$128

Avg. Days On Market

29

# of Sold Homes

26

540 W Stanton Ave vs Fergus Falls

133 DAYS ON ROCKET

+104 Days

$138,000

-$87K Less

$58/SqFt

-$70 Less

KEY TAKEAWAY

This property is $87K less than the Median Sold Price and $70/SqFt less than other homes in Fergus Falls, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: FMR
  • MLS Number: #6558612

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: 11/1/2024, 10:10:53 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$888$60,700
2019$894$57,800
2018$1,056$57,800
2017$916$51,200

History based on county public records data.

Payment Calculator

$756

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$480

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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-2031165
8
/10

  • Cleveland Elementary School

  • 919 Northern Ave

  • 0.96 miles

  • Public District Grades 3-5

High School

school-card-donut-2031166
5
/10

  • Iq Academy Minnesota

  • 340 Friberg Ave

  • 0.73 miles

  • Public District Grades KG-12

school-card-donut-2031167
7
/10

  • Kennedy Secondary School

  • 601 Randolph Ave

  • 1.05 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 $43,672. Typical income of Fergus Falls, MN residents is less than $35k annually. The most common type of family is single, no kids. 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 W Stanton Ave

This home is located at 540 W Stanton Ave in Fergus Falls, MN and zip code 56537. This 2,361 square foot home, which was built in 1913, sits on a 0.29 acre lot. Features: 3 bedrooms, 2 bathrooms. 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. The number of listings in Fergus Falls, MN decreased by 13.1% between September 2024 and October 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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