503 Franklin Avenue, Crosby, MN 56441
1 Bed | 2 Baths | 756 Sq Ft | Single Family Home | MLS# 7034529
M Markdowns — Price Reduced — was $159,900 (↓ $10,000)
Is 503 Franklin Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $198/sqft — This home is priced 15% below the typical Crosby single-family home of $233/sqft.
Powered by the Realgorithm™ — 12 active Crosby listings · NorthstarMLS
$1,003/month Estimated
- Principal & interest
- $758
- Property taxes
- $156
- Home insurance (est.)
- $87
- Special assessments
- $2
- HOA dues
- None
20% down ($29,980) · 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.
50 earns the badge · a typical active home here scores ~15
This home has sat well past the local pace — time is working in a buyer's favor.
- 217 days on market — more than triple the usual 66 days
- Price cut 6.3% (−$10,000)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 12% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 79 vs 998 NorthstarMLS sales, updated monthly.
How the 0–100 Offer-Ready Score works →
Offer-Ready Score is a Modern Market REALTORS® calculation from NorthstarMLS listing data — not MLS-provided data.
Located in Smiths Add Crosby, Crosby, MN.
About This Home
Charming and convenient one-level living on a corner lot in Crosby! This cozy 1-bedroom, 2-bathroom home is perfect for easy living, featuring a main floor primary bedroom and laundry. The functional layout includes a combined living/dining area with all appliances included. Stay comfortable year-round with central air and enjoy the convenience of a heated, detached single-stall garage. A full unfinished basement offers great storage or future potential. Don't miss this opportunity for a well-located and affordable home. Schedule your showing today
Key Features
- Built
- 1940
- Garage
- 1-Car Detached
- Style
- One
- HOA
- None
- Annual Taxes
- $1,871 (2026)
- Specials/yr
- $25
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 756
- Lot Size
- 0.17 acres
- Basement
- Yes
- Roof
- Age Over 8 Years, Architectural Shingle
- Construction
- Frame
- County
- Crow Wing
- List Date
- 2026-03-10
- Days on Market
- 217 days
- Parcel ID
- 11112324
Financial
- Total Tax incl. Assessments
- $1,896
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Electric
- Circuit Breakers, 150 Amp Service
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Appliances
- Dishwasher, Dryer, Range, Refrigerator, Washer
Interior Features
- Laundry
- Main Level
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 720 sqft
- Total Building Area
- 1,476 sqft
Exterior Features
- Exterior Features
- Vinyl
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage, Garage Door Opener, Heated Garage
Lot & Land
- Lot Features
- Corner Lot
- Road Surface
- City Street
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- Coldwell Banker Crown Realtors
Price History
Reduced $10,000 (6.3%)
- Price reduced to $159,900 — Jun 29, 2026
- Price reduced to $149,900 — Aug 25, 2026
503 Franklin Avenue is listed in Crosby, MN, part of Crow Wing County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 503 Franklin Avenue
Associate Broker · Modern Market REALTORS®
Your Crosby real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Coldwell Banker Crown Realtors · 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# 7034529 · Data refreshed October 5, 2026
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Frequently Asked Questions About 503 Franklin Avenue
- Is $149,900 a good price for a home in Crosby?
- According to BuyPulse, 503 Franklin Avenue rates Excellent Value — at $198/sqft it's priced 15% below the typical Crosby single-family home of $233/sqft. Powered by the Realgorithm™. Browse Crosby homes for sale to compare.
- What are the special assessments at 503 Franklin 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 $1,871/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 503 Franklin Avenue have a basement?
- Yes, 503 Franklin Avenue has a basement.
- What type of heating and cooling does 503 Franklin Avenue have?
- 503 Franklin Avenue has Forced Air heating and Central Air cooling.
- Where is 503 Franklin Avenue located?
- 503 Franklin Avenue is in the Smiths Add Crosby neighborhood of Crosby, MN 56441, in Crow Wing County.
- Is 503 Franklin Avenue still available?
- Yes — 503 Franklin Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 503 Franklin Avenue built?
- 503 Franklin Avenue was built in 1940. It features frame construction and a block foundation.
- Does 503 Franklin Avenue have main-floor laundry?
- Yes — the laundry at 503 Franklin Avenue is on the main level.
- 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.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Crosby area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 10:29 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.