40 South Terrace N Fargo, ND 58102
Horace Mann NeighborhoodEstimated payment $1,795/month
Total Views
19,391
5
Beds
2
Baths
2,270
Sq Ft
$126
Price per Sq Ft
Highlights
- Wooded Lot
- Wood Flooring
- No HOA
- North High School Rated A-
- Main Floor Primary Bedroom
- Patio
About This Home
LOCATION, LOCATION, LOCATION! Nestled in the highly sought-after Oak Grove neighborhood, this 11⁄2-story, 5-bedroom, 2-bath home is a true gem. Enjoy serene views of the beautiful green space right out front, with direct access to bike trails, parks, top-rated schools, and just a short distance from the heart of downtown Fargo. This beautiful yard was on the Soroptimist 2005 Yard & Garden tour. The main floor features two bedrooms with charming hardwood floors, and a beautifully updated kitchen with granite countertops, a gas range, and numerous replaced windows that bring in a lot of natural light. Upstairs offers a spacious third bedroom, while the recently finished basement includes a cozy family room, two additional bedrooms, a 3⁄4 bath, and a utility/laundry room. Recent updates include new shingles and gas water heater in 2023, and a replaced water main for added peace of mind. Outside, enjoy a tranquil “enchanted forest” backyard with mature trees, a patio with pergola, and a firepit perfect for relaxing evenings. The oversized 2-stall tandem garage, added in 2014, offers plenty of room for vehicles and storage. With permanent siding and central air, this home is move-in ready and full of charm and modern comfort. Don’t miss your chance to live in one of Fargo’s best neighborhoods!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,898
Year Built
- Built in 1955
Lot Details
- 7,841 Sq Ft Lot
- Lot Dimensions are 50x157
- Partially Fenced Property
- Wooded Lot
Parking
- 2 Car Garage
Home Design
- Poured Concrete
- Asphalt Shingled Roof
- Vinyl Construction Material
Interior Spaces
- 1.5-Story Property
- Ceiling Fan
- Window Treatments
- Family Room
- Living Room
- Dining Room
- Laundry in Basement
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Patio
Utilities
- Central Air
- Hot Water Heating System
Community Details
- No Home Owners Association
- Oakgrove Subdivision
Listing and Financial Details
- Exclusions: See private remarks
- Assessor Parcel Number 01220000620000
- $2,481 per year additional tax assessments
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,898 | $112,750 | $17,750 | $95,000 |
| 2023 | $3,238 | $109,450 | $17,750 | $91,700 |
| 2022 | $3,092 | $102,300 | $17,750 | $84,550 |
| 2021 | $2,962 | $99,300 | $17,750 | $81,550 |
| 2020 | $2,802 | $94,550 | $17,750 | $76,800 |
| 2019 | $2,832 | $94,550 | $8,250 | $86,300 |
| 2018 | $2,328 | $82,050 | $8,250 | $73,800 |
| 2017 | $2,038 | $78,150 | $8,250 | $69,900 |
| 2016 | $1,819 | $75,850 | $8,250 | $67,600 |
| 2015 | $1,685 | $65,700 | $7,000 | $58,700 |
| 2014 | $1,685 | $64,000 | $7,000 | $57,000 |
| 2013 | $1,688 | $64,000 | $7,000 | $57,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/30/2025 06/30/25 | Off Market | -- | -- | -- |
| 06/22/2025 06/22/25 | For Sale | $285,000 | 0.0% | $126 / Sq Ft |
| 06/03/2025 06/03/25 | Price Changed | $285,000 | -3.4% | $126 / Sq Ft |
| 05/13/2025 05/13/25 | For Sale | $295,000 | -- | $130 / Sq Ft |
Source: Fargo-Moorhead Area Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $184,130 | Plains Title Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $19,686 | Credit Line Revolving | |
| Open | $147,304 | New Conventional | |
| Previous Owner | $35,000 | Unknown |
Source: Public Records
Similar Homes in Fargo, ND
Source: Fargo-Moorhead Area Association of REALTORS®
MLS Number: 6719061
APN: 01-2200-00620-000
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