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 $499,000 (↓ $10,000)
Is 8509 State Highway 114 SW a Good Deal?
BuyPulse Verdict
Fair Market Value
At $231/sqft — This home is priced 10% above the typical Alexandria single-family home of $210/sqft.
Your Negotiating Position: 72 — Strong buyer leverage
Powered by the Realgorithm™ — 93 active Alexandria listings · NorthstarMLS
$3,033/month Estimated
- Principal & interest
- $2,473
- Property taxes
- $275
- Home insurance (est.)
- $285
- HOA dues
- None
20% down ($97,800) · 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 — ramblers between $367K and $611K in Alexandria:
- The field: 15 similar Alexandria homes for sale — you have options.
- Tempo: homes like this went pending in a median 10 days — 5 of the last 12 inside 4 days.
- Negotiation: 60% of the last 30 sales here closed at or over list — Alexandria doesn't discount.
Powered by the Realgorithm™ — 30 real Alexandria closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1964
- Above Grade
- 1,610 sq ft
- Below Grade
- 510 sq ft
- Lot Size
- 7.23 acres
- Lot Features
- Tree Coverage - Medium
- Garage
- 4-car (Attached Garage, Detached Garage, Finished Garage, Insulated Garage)
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Yes
- Sewer
- Private Sewer
- Water
- Drilled, Private
- Annual Taxes
- $3,298
- County
- Douglas
- Days on Market
- 60
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
Shannon Barnum
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 August 26, 2026
Similar Homes for Sale Near 8509 State Highway 114 SW, Alexandria, MN
Frequently Asked Questions About 8509 State Highway 114 SW
- Is $489,000 a good price for a home in Alexandria?
- According to BuyPulse, 8509 State Highway 114 SW rates Fair Market Value — at $231/sqft it's priced 10% above the typical Alexandria single-family home of $210/sqft. Its negotiating-position score is 72/100 (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 many homes like 8509 State Highway 114 SW are for sale in Alexandria?
- 15 similar homes (ramblers between $367K and $611K 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 (ramblers between $367K and $611K in Alexandria) went pending in a median 10 days over the last 90 days — 5 of the last 12 went under contract within 4 days.
- Do homes in Alexandria sell for asking price?
- 60% of the last 30 comparable Alexandria sales closed at or over list price — Alexandria doesn't discount. 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.