1001 Terrace Avenue, Brainerd, MN 56401
4 Beds | 2 Baths | 2,873 Sq Ft | Single Family Home | MLS# 7129449
Is 1001 Terrace Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $104/sqft — This home is priced 46% below the typical Brainerd single-family home of $194/sqft.
Your Negotiating Position: 44 — Seller-leaning market
Powered by the Realgorithm™ — 137 active Brainerd listings · NorthstarMLS
$1,893/month Estimated
- Principal & interest
- $1,516
- Property taxes
- $200
- Home insurance (est.)
- $175
- Special assessments
- $2
- HOA dues
- None
20% down ($59,980) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
Located in Terrace Park Add The City Of Brainerd, Brainerd, MN.
About This Home
Welcome to 1001 Terrace Ave! Discover the space, character, and versatility this North Brainerd home has to offer. With 4 bedrooms, 2 bathrooms, and over 2800 finished square feet, there is room for everyone to spread out and make themselves at home. The main level welcomes you with abundant natural light, a spacious living room featuring a bay window and built-in shelving, and a beautifully updated kitchen with stainless steel appliances, open shelving, and a tile backsplash. A main-level den provides the perfect flex space for a home office, playroom, or additional living area. Upstairs, you'll find three generously sized bedrooms, while the finished lower level adds even more living space with a large family room, built-in bar, laundry area, and plenty of storage. Outside, enjoy the privacy of the 0.37-acre lot, complete with a fenced backyard, deck, and wooded bluff backdrop. Located in Historic North Brainerd with convenient access to schools, parks, and area amenities, this spacious and updated home offers the combination of functionality, comfort, and privacy you've been looking for. Come see all that 1001 Terrace Ave has to offer!
Virtual Tour
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $225K and $375K in Brainerd:
- The field: 39 similar Brainerd homes for sale — you have options.
- Tempo: homes like this went pending in a median 18 days — 7 of the last 24 inside 4 days.
- Negotiation: 54% of the last 57 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 57 real Brainerd closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1948
- Above Grade
- 1,983 sq ft
- Below Grade
- 890 sq ft
- Lot Size
- 0.37 acres
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Finished
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $2,403
- Special Assessments
- $25
- County
- Crow Wing
- Days on Market
- 10
1001 Terrace Avenue is listed in Brainerd, MN, part of Crow Wing County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 1001 Terrace Avenue
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Brainerd real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Positive Realty · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7129449 · Data refreshed August 25, 2026
Similar Homes for Sale Near 1001 Terrace Avenue, Brainerd, MN
Frequently Asked Questions About 1001 Terrace Avenue
- Is $299,900 a good price for a home in Brainerd?
- According to BuyPulse, 1001 Terrace Avenue rates Excellent Value — at $104/sqft it's priced 46% below the typical Brainerd single-family home of $194/sqft. Its negotiating-position score is 44/100 (Seller-leaning market), weighed on days on market, comparable inventory, and how Brainerd homes are closing versus list. Powered by the Realgorithm™. Browse Brainerd homes for sale to compare.
- What are the special assessments at 1001 Terrace Avenue — and what do they mean?
- This property has $25/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $2,403/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 1001 Terrace Avenue have a basement?
- Yes, 1001 Terrace Avenue has a finished basement with 890 sq ft of below-grade space.
- What type of heating and cooling does 1001 Terrace Avenue have?
- 1001 Terrace Avenue has Forced Air heating and Central Air cooling.
- Where is 1001 Terrace Avenue located?
- 1001 Terrace Avenue is in the Terrace Park Add The City Of Brainerd neighborhood of Brainerd, MN 56401, in Crow Wing County.
- Is 1001 Terrace Avenue still available?
- Yes — 1001 Terrace Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 1001 Terrace Avenue built?
- 1001 Terrace Avenue was built in 1948. It features an asphalt roof and a block foundation.
- How walkable is 1001 Terrace Avenue?
- 1001 Terrace Avenue has a Walk Score of 35/100 (Car-Dependent) and a Bike Score of 32/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 1001 Terrace Avenue are for sale in Brainerd?
- 39 similar homes (single-family homes between $225K and $375K in Brainerd) are for sale right now — you have options.
- How fast do homes like 1001 Terrace Avenue sell in Brainerd?
- Homes like this one (single-family homes between $225K and $375K in Brainerd) went pending in a median 18 days over the last 90 days — 7 of the last 24 went under contract within 4 days.
- Do homes in Brainerd sell for asking price?
- 54% of the last 57 comparable Brainerd sales closed at or over list price — about half hold full price. Based on real NorthstarMLS closings, not estimates.
- 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 Brainerd area.