Seller's Agent in 2025
Luke Mostue
Lakes Family Real Estate/Otter Tail Real Estate
16 in this area
67 Total Sales
531 E Vasa Ave Fergus Falls, MN 56537
3
Beds
2
Baths
2,400
Sq Ft
7,100
Sq Ft Lot
Highlights
- 1 Fireplace
- No HOA
- Patio
- Bonus Room
- Wet Bar
- 3-minute walk to Adams Park
About This Home
As of May 2025Location Location Location!! Welcome to this charming 3 bedroom 2 bath home nestled on a corner lot conveniently located within walking distance to Hospitals, schools, shopping, and restaurants. This home has a ton of charm and character which includes original wood floors, and open floorplan, also two bonus rooms, with an option to turn into an apartment with rental potential. This home boasts with several updates such as updated heating system, electrical, and finshings. This Home also has a waterproofing system, with a sump pump. Come see your new home today!
Last Agent to Sell the Property
Lakes Family Real Estate/Otter Tail Real Estate Listed on: 11/05/2024
Last Buyer's Agent
Lakes Family Real Estate/Otter Tail Real Estate Listed on: 11/05/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,002
Year Built
- Built in 1951
Lot Details
- 7,100 Sq Ft Lot
- Lot Dimensions are 50x145
Parking
- 2 Car Garage
Home Design
- Vinyl Siding
Interior Spaces
- 1-Story Property
- Wet Bar
- 1 Fireplace
- Living Room
- Bonus Room
- Basement
- Block Basement Construction
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Patio
Utilities
- Cooling System Mounted In Outer Wall Opening
- Boiler Heating System
Community Details
- No Home Owners Association
- Southside Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 71001990811000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 5, 2024
Closed on
May 29, 2025
Sold by
Nehk Jerry
Bought by
Salveson Marit
Seller's Agent
Luke Mostue
Lakes Family Real Estate/Otter Tail Real Estate
Buyer's Agent
Luke Mostue
Lakes Family Real Estate/Otter Tail Real Estate
List Price
$199,000
Sold Price
$180,000
Premium/Discount to List
-$19,000
-9.55%
Views
190
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,274
Avg. Annual Appreciation
14.98%
Original Mortgage
$180,000
Outstanding Balance
$179,540
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$16,734
Purchase Details
Closed on
Dec 8, 2021
Bought by
Nehk Jerry Jerry
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,000
Interest Rate
3.11%
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $180,000 | -- | |
| Deed | $24,400 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $180,000 | New Conventional | |
| Previous Owner | $17,000 | No Value Available | |
| Previous Owner | -- | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Sold | $180,000 | -9.5% | $75 / Sq Ft |
| 05/12/2025 05/12/25 | Pending | -- | -- | -- |
| 04/23/2025 04/23/25 | For Sale | $199,000 | 0.0% | $83 / Sq Ft |
| 04/21/2025 04/21/25 | Pending | -- | -- | -- |
| 03/13/2025 03/13/25 | Price Changed | $199,000 | -5.2% | $83 / Sq Ft |
| 01/09/2025 01/09/25 | Price Changed | $209,900 | -2.3% | $87 / Sq Ft |
| 11/25/2024 11/25/24 | Price Changed | $214,900 | -2.3% | $90 / Sq Ft |
| 11/05/2024 11/05/24 | For Sale | $220,000 | -- | $92 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $2,154 | $215,700 | $12,300 | $203,400 |
| 2024 | $2,002 | $196,800 | $12,300 | $184,500 |
| 2023 | $1,756 | $159,300 | $12,300 | $147,000 |
| 2022 | $1,614 | $175,600 | $0 | $0 |
| 2021 | $1,614 | $159,300 | $12,300 | $147,000 |
| 2020 | $1,530 | $136,500 | $11,000 | $125,500 |
| 2019 | $1,464 | $123,100 | $11,000 | $112,100 |
| 2018 | $1,276 | $123,100 | $11,000 | $112,100 |
| 2017 | $1,252 | $113,200 | $9,600 | $103,600 |
| 2016 | $1,174 | $107,100 | $9,600 | $97,500 |
| 2015 | $1,114 | $0 | $0 | $0 |
| 2014 | -- | $105,900 | $9,600 | $96,300 |
Source: Public Records
Agents Affiliated with this Home
-
Luke Mostue
Map
Source: NorthstarMLS
MLS Number: 6627512
APN: 71001990811000
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