1001 Terrace Avenue, Brainerd, MN 56401
4 Beds | 2 Baths | 2,873 Sq Ft | Single Family Home | MLS# 7129449
M Markdowns — Price Reduced — was $289,900 (↓ $5,000)
Is 1001 Terrace Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $99/sqft — This home is priced 48% below the typical Brainerd single-family home of $191/sqft.
Your Negotiating Position
84 — Strong buyer leverage
Day 56 — similar homes typically go under contract by day ~14. This one is past that window.
47% of recent sales closed at or over asking — about half hold full price.
25 similar homes for sale — alternatives if they won't move.
This seller already cut $5,000 — motivation showing.
Powered by the Realgorithm™ — 107 active Brainerd listings · NorthstarMLS
$1,809/month Estimated
- Principal & interest
- $1,441
- Property taxes
- $200
- Home insurance (est.)
- $166
- Special assessments
- $2
- HOA dues
- None
20% down ($56,980) · 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 $214K and $356K in Brainerd:
- The field: 25 similar Brainerd homes for sale — you have options.
- Tempo: homes like this went pending in a median 14 days — 4 of the last 24 inside 4 days.
- Negotiation: 47% of the last 53 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 53 real Brainerd closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1948
- Style
- Modified Two Story
- HOA
- None
- Annual Taxes
- $2,403 (2026)
- Specials/yr
- $25
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,983
- Below Grade Sq Ft
- 890
- Lot Size
- 0.37 acres
- Basement
- Yes
- Roof
- Asphalt
- County
- Crow Wing
- List Date
- 2026-08-18
- Days on Market
- 56 days
- Parcel ID
- 41241552
Financial
- Total Tax incl. Assessments
- $2,428
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,061 sqft
- Total Building Area
- 3,123 sqft
Exterior Features
- Exterior Features
- Stucco
- Fenced Area
- Yes
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Asphalt, Concrete
Lot & Land
- Road Surface
- City Street
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- Positive Realty
Price History
Reduced $10,000 (3.4%)
- Price reduced to $294,900 — Sep 16, 2026
- Price reduced to $289,900 — Sep 25, 2026
- Price reduced to $284,900 — Oct 7, 2026
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
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 October 8, 2026
Similar Homes for Sale Near 1001 Terrace Avenue, Brainerd, MN
Frequently Asked Questions About 1001 Terrace Avenue
- Is $284,900 a good price for a home in Brainerd?
- According to BuyPulse, 1001 Terrace Avenue rates Excellent Value — at $99/sqft it's priced 48% below the typical Brainerd single-family home of $191/sqft. Its negotiating-position score is 84/100 (Strong buyer leverage), 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.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- 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?
- 25 similar homes (single-family homes between $214K and $356K 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 $214K and $356K in Brainerd) went pending in a median 14 days over the last 90 days — 4 of the last 24 went under contract within 4 days.
- Do homes in Brainerd sell for asking price?
- 47% of the last 53 comparable Brainerd 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 Brainerd area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 8:54 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.
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