Is $194,000 a good price for a home in Deer River?

According to BuyPulse, 406 1st Street NE rates Excellent Value — at $112/sqft it's priced 51% below the typical Deer River single-family home of $228/sqft. Powered by the Realgorithm™.

Does 406 1st Street NE have a basement?

Yes, 406 1st Street NE has a basement.

What type of heating and cooling does 406 1st Street NE have?

406 1st Street NE has Forced Air heating and None cooling.

Where is 406 1st Street NE located?

406 1st Street NE is in the Ingersolls Add neighborhood of Deer River, MN 56636, in Itasca County.

Is 406 1st Street NE still available?

Yes — 406 1st Street NE is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 406 1st Street NE built?

406 1st Street NE was built in 1950. It features frame construction, an asphalt roof, and a block foundation.

Does 406 1st Street NE have main-floor laundry?

Yes — the laundry at 406 1st Street NE is on the main level.

How walkable is 406 1st Street NE?

406 1st Street NE has a Walk Score of 51/100 (Somewhat Walkable) and a Bike Score of 40/100 (Minimal Bike Infrastructure).

How many homes like 406 1st Street NE are for sale in Deer River?

11 similar homes (single-family homes between $146K and $243K in Deer River) are for sale right now — you have options.

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.

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 1 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 2 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 3 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 4 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 5 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 6 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 7 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 8 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 9 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 10 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 11 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 12 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 13 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 14 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 15 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 16 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 17 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 18 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 19 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 20 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 21 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 22 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 23 of 24)

1950 single family home for sale at 406 1st Street NE in Deer River, MN — 3 bed, 2 bath (photo 24 of 24)

406 1st Street NE, Deer River, MN 56636

3 Beds | 2 Baths | 1,732 Sq Ft | Single Family Home | MLS# 7055195

Price Drop on M Markdowns — was $199,900 (↓ $5,900)

$194,000

Is 406 1st Street NE a Good Deal?

BuyPulse Verdict

Excellent Value

At $112/sqft — This home is priced 51% below the typical Deer River single-family home of $228/sqft.

$1,333/month Estimated

Principal & interest: $981
Property taxes: $239
Home insurance (est.): $113
HOA dues: None

20% down ($38,800) · 30-yr fixed, 6.5% · Can I afford this home?

Estimates only; confirm before you offer.

Deer River, MN Active

Located in Ingersolls Add To Itasca City, Deer River, MN.

About This Home

Welcome home to this charming and inviting 3-bedroom, 2-bath, one-and-a-half story property, perfect for comfortable living. Step into the spacious living room, where newly refinished hardwood floors create a cozy space for relaxing or entertaining. The main floor offers convenient laundry at the rear entry, complete with Whirlpool washer and dryer, as well as a bedroom and bathroom for easy access. Freshly painted interior on the main level adds a bright and cheerful touch. Upstairs you will find 2 nice size bedrooms and another full bathroom. The exterior is designed for easy maintenance with vinyl siding and windows. Enjoy ample parking and hobby space in the three-stall garage, —a special bonus is the insulated stall with a relaxing sauna tucked in the corner. Storage needs are met with a lean-to behind the garage and a small shed, perfect for garden tools. Plus, the spacious concrete area stretching from the back of the house to the garage provides a welcoming spot for patio furniture and a BBQ grill, making it perfect for relaxing or entertaining outdoors.

BuyPulse™ — Live Market Read

Homes like this one — single-family homes between $146K and $243K in Deer River:

The field: 11 similar Deer River homes for sale — you have options.

Key Features

Built: 1950
Garage: 3-Car Detached
Style: One and One Half
HOA: None
Annual Taxes: $2,868 (2026)

Property Details

Property Type: Single Family
Above Grade Sq Ft: 1,732
Lot Size: 0.3 acres
Basement: Yes
Roof: Asphalt
Construction: Frame
County: Itasca
List Date: 2026-04-16
Days on Market: 179 days
Parcel ID: 895000430

Financial

Total Tax incl. Assessments: $2,868
Listing Conditions: Short Sale

Home Systems & Utilities

Heating: Forced Air
Cooling: None
Water: City Water/Connected
Sewer: City Sewer/Connected
Appliances: Dryer, Refrigerator, Washer

Interior Features

Laundry: Main Level

Construction & Exterior

Construction & Structure

Foundation Type: Block
Foundation Area: 1,332 sqft
Total Building Area: 2,236 sqft

Exterior Features

Exterior Features: Vinyl
Other Structures: Storage Shed
Accessibility Features: None

Parking & Garage

Parking Features: Detached Garage

Lot & Land

Zoning Description: Residential-Single Family

Agent & Office

List Office: COLDWELL BANKER NORTHWOODS

Price History

Price reduced to $194,000 — Aug 4, 2026

406 1st Street NE is listed in Deer River, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 406 1st Street NE

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Deer River real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

See all Deer River homes ›

Listed by COLDWELL BANKER NORTHWOODS · Shown by Modern Market REALTORS®

Schedule a Home Tour

First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.

View Full Listing & Photos

MLS# 7055195 · Data refreshed August 20, 2026

Similar Homes for Sale Near 406 1st Street NE, Deer River, MN

See all homes for sale in Deer River, MN →

Frequently Asked Questions About 406 1st Street NE

Is $194,000 a good price for a home in Deer River?: According to BuyPulse, 406 1st Street NE rates Excellent Value — at $112/sqft it's priced 51% below the typical Deer River single-family home of $228/sqft. Powered by the Realgorithm™. Browse Deer River homes for sale to compare.
Does 406 1st Street NE have a basement?: Yes, 406 1st Street NE has a basement.
What type of heating and cooling does 406 1st Street NE have?: 406 1st Street NE has Forced Air heating and None cooling.
Where is 406 1st Street NE located?: 406 1st Street NE is in the Ingersolls Add neighborhood of Deer River, MN 56636, in Itasca County.
Is 406 1st Street NE still available?: Yes — 406 1st Street NE is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 406 1st Street NE built?: 406 1st Street NE was built in 1950. It features frame construction, an asphalt roof, and a block foundation.
Does 406 1st Street NE have main-floor laundry?: Yes — the laundry at 406 1st Street NE is on the main level.
How walkable is 406 1st Street NE?: 406 1st Street NE has a Walk Score of 51/100 (Somewhat Walkable) and a Bike Score of 40/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
How many homes like 406 1st Street NE are for sale in Deer River?: 11 similar homes (single-family homes between $146K and $243K in Deer River) are for sale right now — you have options.
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 Deer River 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.