NOT LISTED FOR SALE

503 E Gustavus Ave Fergus Falls, MN 56537

Estimated Value: $190,030 - $210,000

3 Beds
1.5 Baths
1,364 Sq Ft
$146/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $170,000 $125 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,221/month

25 Days on Market

Highlights

  • Corner Lot
  • Billiard Room
  • Entrance Foyer
  • No HOA
  • Living Room
  • 1-Story Property

About This Home

As of August 2022

You will love this charming and cozy rambler style home nestled into a corner lot on the south side of Fergus Falls. Home features 3 bedrooms, 2 baths, and lots of natural light. Gas forced air furnace, central A/C, vinyl siding and replacement windows, add to the low maintenance features. Home has been meticulously cared for by the owners for many years. A west facing deck provides space for an evening relaxation or morning cup of coffee listening to the birdsong. Lower level family room could easily be transformed into a 4th bedroom with enough space to finish an additional family/rec space. This sweet home is waiting for your vision and decorative touches.

Last Agent to Sell the Property

Mary Pettit

Trilogy Real Estate Listed on: 06/22/2022

Last Buyer's Agent

Josh Grover

Dane Arthur Real Estate Agency-Park Rapids

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,332

Year Built

  • Built in 1956

Lot Details

  • 8,538 Sq Ft Lot
  • Lot Dimensions are 57x150
  • Corner Lot

Parking

  • 1 Car Garage

Interior Spaces

  • 1-Story Property
  • Entrance Foyer
  • Family Room
  • Living Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 71001990524000

Community Details

Overview

  • No Home Owners Association
  • Hallbergs Add Subdivision

Amenities

  • Billiard Room

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,332

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Central Air
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1956
  • Above Grade Finished Sq Ft: 1136
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 38x32
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Living Area: 1364
  • Fireplace: No
  • Below Grade Finished Sq Ft: 228
  • Basement YN: Yes
  • Dining Room Type: Living Room, Family Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3, Foyer, Laundry, Billiard
  • SqFtTotal: 2272.00

Beds/Baths

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Block,Frame

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 308

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Power Company: Ottertail Power

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck,Kitchen Center Island

Schools

  • Junior High Dist: Fergus Falls
  • SchoolDistrictNumber: 544
  • SchoolDistrictPhone: 218-998-0544

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 57x150
  • Lot Size Sq Ft: 8537.76
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 71001990524000
  • Tax Annual Amount: 1332
  • TaxWithAssessments: 1402.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Aug 26, 2022
Sold by
Birch Trevor and Birch Beth
Bought by
Flom Melissa and Flom Christopher
Seller's Agent
Mary Pettit
Trilogy Real Estate
Buyer's Agent
Josh Grover
Dane Arthur Real Estate Agency-Park Rapids
List Price
$165,000
Sold Price
$170,000
Premium/Discount to List
$5,000
3.03%
Current Estimated Value
$195,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,382
Avg. Annual Appreciation
2.92%
Original Mortgage
$170,000
Outstanding Balance
$163,828
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$21,259
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flom Melissa $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flom Melissa $170,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $170,000 +3.0% $125 / Sq Ft
07/16/2022 07/16/22 Pending -- -- --
06/21/2022 06/21/22 For Sale $165,000 -- $121 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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 $1,820 $153,500 $14,300 $139,200
2023 $1,508 $140,100 $14,300 $125,800
2022 $1,402 $150,800 $0 $0
2021 $1,382 $140,100 $14,300 $125,800
2020 $1,332 $120,500 $13,100 $107,400
2019 $1,268 $110,000 $13,100 $96,900
2018 $1,080 $110,000 $13,100 $96,900
2017 $1,032 $100,000 $11,400 $88,600
2016 $958 $92,400 $11,400 $81,000
2015 $894 $0 $0 $0
2014 -- $90,300 $11,400 $78,900
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6222913

NorthstarMLS

APN: 71001990524000