$235,000
SOLD AUG 22, 2025

516 E Gustavus Ave Fergus Falls, MN 56537

5 Beds
2 Baths
1,728 Sq Ft
0.36 Acres

Recently Sold

$136 Per Sq Ft

4% Above List Price

14 Days on Market

Highlights

  • Deck
  • Stainless Steel Appliances
  • Laundry Room
  • No HOA
  • Living Room
  • Dining Room

About This Home

As of August 2025

Welcome to this beautifully updated 5-bedroom, 2-bath home, perfectly situated on a spacious lot offering room to relax, entertain, and garden. Step inside to discover a blend of modern updates and comfortable living, featuring stainless steel appliances, new kitchen cabinets, counter tops, beautiful tiled backsplash, newer flooring and trim throughout and a new mini-split a/c unit. The heart of the home opens to a newly built deck complete with a hot tub for year-round enjoyment. Whether you're hosting guests or enjoying a quiet evening outside, this space offers the perfect outdoor retreat. You'll love the convenience of the large, oversized 2-stall garage—ideal for vehicles, storage, or your next hobby project. With five bedrooms and two full baths, there’s plenty of room for family, guests, a home office or a workout room. This property is move-in-ready with updates throughout and the space you've been looking for. Don’t miss your chance to make it yours!

Last Agent to Sell the Property

Mary Pettit

Trilogy Real Estate Listed on: 07/09/2025

Co-Listed By

Hannah Carlson

Trilogy Real Estate

Last Buyer's Agent

Roger Hahn

Century 21 Atwood

Century 21 Atwood

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,697

Year Built

  • Built in 1976

Parking

  • 2 Car Garage

Home Design

  • Bi-Level Home

Interior Spaces

  • 1,728 Sq Ft Home
  • Living Room
  • Dining Room
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Mini Split Air Conditioners
  • Baseboard Heating

Additional Features

  • Deck
  • 0.36 Acre Lot

Community Details

  • No Home Owners Association
  • Hallbergs 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 71001990558000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,697

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: Ductless Mini-Split
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1976
  • Above Grade Finished Sq Ft: 1728
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished, Full
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Living Area: 1728
  • Fireplace: No
  • Basement YN: Yes
  • Dining Room Type: Living Room, Kitchen, Bedroom 1, Bedroom 2, Bathroom, Bedroom 3, Bedroom 4, Bedroom 5, Laundry

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Frame
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Electric
  • Power Company: Ottertail Power

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: irregular
  • Lot Size Sq Ft: 15463.8
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 71001990558000
  • Tax Annual Amount: 1697
  • TaxWithAssessments: 1782.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2025
Closed on
Aug 22, 2025
Sold by
Denbrook Gary and Denbrook Margo
Bought by
Rundell Marissa and Stach Trent
Seller's Agent
Mary Pettit
Trilogy Real Estate
Buyer's Agent
Roger Hahn
Century 21 Atwood
List Price
$225,000
Sold Price
$235,000
Premium/Discount to List
$10,000
4.44%
Views
35
Current Estimated Value
$229,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,957
Avg. Annual Appreciation
-6.88%
Original Mortgage
$235,000
Outstanding Balance
$234,796
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
-$5,753

Purchase Details

Closed on
Apr 6, 2020
Bought by
Denbrook Margo Margo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,650
Interest Rate
3.33%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $235,000 --
Deed $147,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $235,000 New Conventional
Previous Owner $139,650 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2025 08/22/25 Sold $235,000 +4.4% $136 / Sq Ft
07/23/2025 07/23/25 Pending -- -- --
07/09/2025 07/09/25 For Sale $225,000 -- $130 / 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
2025 $1,782 $182,000 $25,100 $156,900
2024 $1,782 $168,300 $25,100 $143,200
2023 $1,784 $161,400 $25,100 $136,300
2022 $1,692 $178,400 $0 $0
2021 $1,572 $161,400 $25,100 $136,300
2020 $1,826 $133,500 $23,000 $110,500
2019 $1,772 $121,900 $23,000 $98,900
2018 $1,588 $121,900 $23,000 $98,900
2017 $1,564 $111,600 $20,000 $91,600
2016 $1,494 $106,200 $20,000 $86,200
2015 $1,604 $0 $0 $0
2014 -- $105,300 $20,000 $85,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6751854

NorthstarMLS

APN: 71001990558000