8509 State Highway 114 SW, Alexandria, MN 56308
5 Beds | 3 Baths | 2,120 Sq Ft | Single Family Home | MLS# 7098162
M Markdowns — Price Reduced — was $489,000 (↓ $10,000)
Is 8509 State Highway 114 SW a Good Deal?
BuyPulse Verdict
Fair Market Value
At $226/sqft — This home is priced 9% above the typical Alexandria single-family home of $208/sqft.
Your Negotiating Position
86 — Strong buyer leverage
Day 105 — similar homes typically go under contract by day ~10. This one is past that window.
49% of recent sales closed at or over asking — about half hold full price.
26 similar homes for sale — alternatives if they won't move.
This seller already cut $10,000 — motivation showing.
Powered by the Realgorithm™ — 85 active Alexandria listings · NorthstarMLS
$2,976/month Estimated
- Principal & interest
- $2,422
- Property taxes
- $275
- Home insurance (est.)
- $279
- HOA dues
- None
20% down ($95,800) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
About This Home
This 1964 single-family home was moved to its current site in 2013. It features five bedrooms, three bathrooms, and sits on 7.23 acres of partially wooded land with a large yard, giving kids tons of room to play and explore. There are raised garden beds, a detached garage with a heated workshop area added in 2022, steel roof on the home and a three-season screen porch perfect for enjoying the outdoors. Seller is Licensed Real Estate Agent in the State of Minnesota.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $359K and $599K in Alexandria:
- The field: 26 similar Alexandria homes for sale — you have options.
- Tempo: homes like this went pending in a median 10 days — 2 of the last 13 inside 4 days.
- Negotiation: 49% of the last 37 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 37 real Alexandria closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1964
- Garage
- 4-Car
- Style
- One
- HOA
- None
- Annual Taxes
- $3,298 (2025)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,610
- Below Grade Sq Ft
- 510
- Lot Size
- 7.23 acres
- Basement
- Yes
- Roof
- Metal
- Construction
- Frame
- County
- Douglas
- List Date
- 2026-06-29
- Days on Market
- 105 days
Financial
- Total Tax incl. Assessments
- $3,298
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Electric
- 150 Amp Service
- Water
- Drilled, Private
- Sewer
- Private Sewer
Interior Features
- Laundry
- Lower Level
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,610 sqft
- Total Building Area
- 3,220 sqft
Exterior Features
- Exterior Features
- Vinyl
- Other Structures
- Garage(s), Workshop
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Attached Garage, Detached Garage, Finished Garage, Insulated Garage
Lot & Land
- Lot Features
- Tree Coverage - Medium
- Road Surface
- Paved Streets, State Road
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- Counselor Realty Inc of Alex
Price History
Reduced $10,000 (2.0%)
- Price reduced to $489,000 — Aug 26, 2026
- Price reduced to $479,000 — Sep 16, 2026
8509 State Highway 114 SW is listed in Alexandria, MN, part of Douglas County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 8509 State Highway 114 SW
Associate Broker · Modern Market REALTORS®
Your Alexandria real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Counselor Realty Inc of Alex · Shown by Modern Market REALTORS®
Buying a home in Alexandria? — dedicated buyer representation from pre-approval through closing.
View Full Listing & PhotosMLS# 7098162 · Data refreshed September 16, 2026
Similar Homes for Sale Near 8509 State Highway 114 SW, Alexandria, MN
Frequently Asked Questions About 8509 State Highway 114 SW
- Is $479,000 a good price for a home in Alexandria?
- According to BuyPulse, 8509 State Highway 114 SW rates Fair Market Value — at $226/sqft it's priced 9% above the typical Alexandria single-family home of $208/sqft. Its negotiating-position score is 86/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Alexandria homes are closing versus list. Powered by the Realgorithm™. Browse Alexandria homes for sale to compare.
- Does 8509 State Highway 114 SW have a basement?
- Yes, 8509 State Highway 114 SW has a basement with 510 sq ft of below-grade space.
- What type of heating and cooling does 8509 State Highway 114 SW have?
- 8509 State Highway 114 SW has Forced Air heating and Central Air cooling.
- Where is 8509 State Highway 114 SW located?
- 8509 State Highway 114 SW is in Alexandria, MN 56308, in Douglas County.
- Is 8509 State Highway 114 SW still available?
- Yes — 8509 State Highway 114 SW is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 8509 State Highway 114 SW built?
- 8509 State Highway 114 SW was built in 1964. It features frame construction, a metal roof, and a block foundation.
- Does 8509 State Highway 114 SW have main-floor laundry?
- No — the laundry at 8509 State Highway 114 SW is in the lower level.
- How walkable is 8509 State Highway 114 SW?
- 8509 State Highway 114 SW has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 22/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 8509 State Highway 114 SW are for sale in Alexandria?
- 26 similar homes (single-family homes between $359K and $599K in Alexandria) are for sale right now — you have options.
- How fast do homes like 8509 State Highway 114 SW sell in Alexandria?
- Homes like this one (single-family homes between $359K and $599K in Alexandria) went pending in a median 10 days over the last 90 days — 2 of the last 13 went under contract within 4 days.
- Do homes in Alexandria sell for asking price?
- 49% of the last 37 comparable Alexandria sales closed at or over list price — about half hold full price. Based on real NorthstarMLS closings, not estimates.
- What does "M Markdowns" mean?
- M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
- What does "BuyPulse" mean?
- BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Alexandria area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX 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.