Is $139,000 a good price for a home in Deer River?

According to BuyPulse, 541 5th Street SE rates Excellent Value — at $118/sqft it's priced 48% below the typical Deer River single-family home of $228/sqft. Powered by the Realgorithm™.

What are the special assessments at 541 5th Street SE — and what do they mean?

This property has $370/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 $924.4/yr. Always factor both into your total monthly housing cost before making an offer.

Does 541 5th Street SE have a basement?

Yes, 541 5th Street SE has a basement.

What type of heating and cooling does 541 5th Street SE have?

541 5th Street SE has Forced Air heating and None cooling.

Where is 541 5th Street SE located?

541 5th Street SE is in the Second Add neighborhood of Deer River, MN 56636, in Itasca County.

Is 541 5th Street SE still available?

Yes — 541 5th Street SE is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 541 5th Street SE built?

541 5th Street SE was built in 1879. It features a block foundation.

Does 541 5th Street SE have main-floor laundry?

Yes — the laundry at 541 5th Street SE is on the main level.

How walkable is 541 5th Street SE?

541 5th Street SE has a Walk Score of 26/100 (Car-Dependent) and a Bike Score of 31/100 (Minimal Bike Infrastructure).

How many homes like 541 5th Street SE are for sale in Deer River?

4 similar homes (single-family homes between $104K and $174K in Deer River) are for sale right now — a short list right now.

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.

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 1 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 2 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 3 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 4 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 5 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 6 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 7 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 8 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 9 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 10 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 11 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 12 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 13 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 14 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 15 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 16 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 17 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 18 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 19 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 20 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 21 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 22 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 23 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 24 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 25 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 26 of 27)

1879 single family home for sale at 541 5th Street SE in Deer River, MN — 2 bed, 2 bath (photo 27 of 27)

541 5th Street SE, Deer River, MN 56636

2 Beds | 2 Baths | 1,176 Sq Ft | Single Family Home | MLS# 7101681

$139,000

Is 541 5th Street SE a Good Deal?

BuyPulse Verdict

Excellent Value

At $118/sqft — This home is priced 48% below the typical Deer River single-family home of $228/sqft.

$892/month Estimated

Principal & interest: $703
Property taxes: $77
Home insurance (est.): $81
Special assessments: $31
HOA dues: None

20% down ($27,800) · 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.

Deer River, MN Active

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

About This Home

Fully renovated, fully furnished, and full of possibilities! This beautifully updated 2-bedroom, 2-bath home offers a flexible floor plan designed to fit a variety of needs. With kitchens and laundry on both the main and upper levels. There’s excellent potential to create separate living spaces, or explore a duplex conversion. Conveniently located just minutes from downtown Deer River, this move-in-ready property is perfect as a primary residence, vacation getaway, or investment opportunity. Don’t miss your chance to own a home where modern updates meet endless potential!

BuyPulse™ — Live Market Read

Homes like this one — single-family homes between $104K and $174K in Deer River:

The field: 4 similar Deer River homes for sale — a short list right now.

Key Features

Built: 1879
Style: Two
HOA: None
Annual Taxes: $924.4 (2026)
Specials/yr: $370

Property Details

Property Type: Single Family
Above Grade Sq Ft: 1,176
Lot Size: 0.16 acres
Basement: Yes
Roof: Age 8 Years or Less
County: Itasca
List Date: 2026-09-09
Days on Market: 33 days
Parcel ID: 894900266

Financial

Total Tax incl. Assessments: $1,294
Specials Pending: No

Home Systems & Utilities

Heating: Forced Air
Cooling: None
Electric: 200+ Amp Service
Water: City Water/Connected
Sewer: City Sewer/Connected

Interior Features

Laundry: Main Level, Upper Level

Construction & Exterior

Construction & Structure

Foundation Type: Block
Foundation Area: 672 sqft
Total Building Area: 1,848 sqft

Exterior Features

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

Parking & Garage

Parking Features: Driveway - Other Surface

Lot & Land

Road Surface: City Street
Zoning Description: Residential-Single Family

Agent & Office

List Office: EDGE OF THE WILDERNESS REALTY

Price History

Price reduced to $139,000 — Jul 21, 2026

541 5th Street SE is listed in Deer River, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 541 5th Street SE

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 EDGE OF THE WILDERNESS REALTY · 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# 7101681 · Data refreshed October 6, 2026

Similar Homes for Sale Near 541 5th Street SE, Deer River, MN

See all homes for sale in Deer River, MN →

Frequently Asked Questions About 541 5th Street SE

Is $139,000 a good price for a home in Deer River?: According to BuyPulse, 541 5th Street SE rates Excellent Value — at $118/sqft it's priced 48% below the typical Deer River single-family home of $228/sqft. Powered by the Realgorithm™. Browse Deer River homes for sale to compare.
What are the special assessments at 541 5th Street SE — and what do they mean?: This property has $370/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 $924.4/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 541 5th Street SE have a basement?: Yes, 541 5th Street SE has a basement.
What type of heating and cooling does 541 5th Street SE have?: 541 5th Street SE has Forced Air heating and None cooling.
Where is 541 5th Street SE located?: 541 5th Street SE is in the Second Add neighborhood of Deer River, MN 56636, in Itasca County.
Is 541 5th Street SE still available?: Yes — 541 5th Street SE is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 541 5th Street SE built?: 541 5th Street SE was built in 1879. It features a block foundation.
Does 541 5th Street SE have main-floor laundry?: Yes — the laundry at 541 5th Street SE is on the main level.
How walkable is 541 5th Street SE?: 541 5th Street SE has a Walk Score of 26/100 (Car-Dependent) and a Bike Score of 31/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
How many homes like 541 5th Street SE are for sale in Deer River?: 4 similar homes (single-family homes between $104K and $174K in Deer River) are for sale right now — a short list right now.
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.