1124 Phinney Avenue, Detroit Lakes, MN 56501
2 Beds | 3 Baths | 2,095 Sq Ft | Single Family Home | MLS# 7070089
Price Reduced — was $299,000 (↓ $30,000) · M Markdowns
Is 1124 Phinney Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $128/sqft — This home is priced 44% below the typical Detroit Lakes single-family home of $230/sqft.
Your Negotiating Position
95 — Strong buyer leverage
Day 124 — Detroit Lakes homes overall typically go under contract by day ~22. This one is past that window.
35% of recent sales closed at or over asking — most sellers here negotiate.
30 similar homes for sale — alternatives if they won't move.
This seller already cut $30,000 — motivation showing.
Powered by the Realgorithm™ — 116 active Detroit Lakes listings · NorthstarMLS
$1,802/month Estimated
- Principal & interest
- $1,360
- Property taxes
- $238
- Home insurance (est.)
- $157
- Special assessments
- $47
- HOA dues
- None
20% down ($53,800) · 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.
50 earns the badge · a typical active home here scores ~15
The price here has already come down — the numbers point to real room to negotiate.
- 124 days on market — more than double the usual 53 days
- Price cut 10.0% (−$30,000)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 13% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 29 vs 742 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 Holmes 1st Add, Detroit Lakes, MN.
About This Home
PHINNEY AVE offers comfort, character, and convenience in this well-maintained home located just minutes from the beach, park, and pickleball courts. The functional layout includes an eat-in kitchen, living/dining room combination, and a spacious family room features vaulted ceilings, exposed beams, and a beautiful stone wood-burning fireplace that creates a warm and inviting atmosphere. The family room opens to large 3-season porch—perfect for relaxing or entertaining. With 2 bedrooms, 3 bathrooms, and 2,868 sq ft, there is plenty of space to enjoy both everyday living and hosting guests. Recent improvements include two new decks, updated garage doors, a refreshed front porch, a new boiler, and roof repairs completed in 2022 and most recently, some cosmetic repairs. The drive through garage adds extra convenience and storage. If you’re looking for a home with timeless character, thoughtful updates, and a great location close to town amenities, this property is worth a look.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $202K and $336K in Detroit Lakes:
- The field: 30 similar Detroit Lakes homes for sale — you have options.
- Negotiation: 35% of the last 20 sales here closed at or over list — there's room to negotiate.
Powered by the Realgorithm™ — 20 real Detroit Lakes closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1948
- Above Grade
- 2,010 sq ft
- Below Grade
- 85 sq ft
- Lot Features
- Tree Coverage - Medium
- Garage
- 2-car (Attached Garage, Concrete, Insulated Garage)
- Heating
- Baseboard, Boiler, Fireplace(s)
- Cooling
- Central Air
- Basement
- Yes
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $2,858
- Special Assessments
- $562
- County
- Becker
- Days on Market
- 124
1124 Phinney Avenue is listed in Detroit Lakes, MN, part of Becker County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 1124 Phinney Avenue
Associate Broker · Modern Market REALTORS®
Your Detroit Lakes real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by eXp 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# 7070089 · Data refreshed August 20, 2026
Similar Homes for Sale Near 1124 Phinney Avenue, Detroit Lakes, MN
Frequently Asked Questions About 1124 Phinney Avenue
- Is $269,000 a good price for a home in Detroit Lakes?
- According to BuyPulse, 1124 Phinney Avenue rates Excellent Value — at $128/sqft it's priced 44% below the typical Detroit Lakes single-family home of $230/sqft. Its negotiating-position score is 95/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Detroit Lakes homes are closing versus list. Powered by the Realgorithm™. Browse Detroit Lakes homes for sale to compare.
- What are the special assessments at 1124 Phinney Avenue — and what do they mean?
- This property has $562/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 $2,858/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 1124 Phinney Avenue have a basement?
- Yes, 1124 Phinney Avenue has a basement with 85 sq ft of below-grade space.
- What type of heating and cooling does 1124 Phinney Avenue have?
- 1124 Phinney Avenue has Baseboard, Boiler, Fireplace(s) heating and Central Air cooling.
- Where is 1124 Phinney Avenue located?
- 1124 Phinney Avenue is in the Holmes neighborhood of Detroit Lakes, MN 56501, in Becker County.
- Is 1124 Phinney Avenue still available?
- Yes — 1124 Phinney Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 1124 Phinney Avenue built?
- 1124 Phinney Avenue was built in 1948. It features frame construction and a block, slab foundation.
- How walkable is 1124 Phinney Avenue?
- 1124 Phinney Avenue has a Walk Score of 30/100 (Car-Dependent) and a Bike Score of 62/100 (Somewhat Bikeable). Scores provided by Walk Score® →
- How many homes like 1124 Phinney Avenue are for sale in Detroit Lakes?
- 30 similar homes (single-family homes between $202K and $336K in Detroit Lakes) are for sale right now — you have options.
- Do homes in Detroit Lakes sell for asking price?
- 35% of the last 20 comparable Detroit Lakes sales closed at or over list price — there's room to negotiate. 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 Detroit Lakes area.