403 Richwood Road, Detroit Lakes, MN 56501
5 Beds | 3 Baths | 2,392 Sq Ft | Single Family Home | MLS# 7077384
M Markdowns — Price Reduced — was $354,900 (↓ $5,000)
Is 403 Richwood Road a Good Deal?
BuyPulse Grade
Well Below Market
At $146/sqft — This home is priced 38% below the typical Detroit Lakes single-family home of $235/sqft.
Powered by the Realgorithm™ — 119 active Detroit Lakes listings · NorthstarMLS
$2,217/month Estimated
- Principal & interest
- $1,769
- Property taxes
- $244
- Home insurance (est.)
- $204
- HOA dues
- None
20% down ($69,980) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Lake 1st Add, Detroit Lakes, MN.
About This Home
A second full living space on the walk-out lower level gives this 5 bedroom, 3 bathroom rambler the flexibility today’s buyers are searching for. Step inside to a bright front living room with a bay window that fills the space with natural light and flows into the updated kitchen featuring stainless steel appliances and an adjoining dining area. The main floor primary suite includes a walk-in closet and 3/4 bath, with convenient main level laundry nearby. A large sun room offers extra space to relax year-round and overlooks the backyard. Downstairs, the finished walk-out lower level is set up for multi-generational living or rental potential with its own kitchen, dining area, family room, 2 bedrooms, and updated 3/4 bath. Outside, enjoy a deck and patio area ideal for entertaining or quiet evenings outdoors, while the established perennial garden in the front yard brings seasonal color and welcoming curb appeal throughout the warmer months.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $262K and $437K in Detroit Lakes:
- The field: 40 similar Detroit Lakes homes for sale — you have options.
- Tempo: homes like this went pending in a median 22 days — 2 of the last 17 inside 4 days.
- Negotiation: 50% of the last 30 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 30 real Detroit Lakes closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1964
- Above Grade
- 1,560 sq ft
- Below Grade
- 832 sq ft
- Lot Size
- 0.31 acres
- Garage
- 2-car (Attached Garage, Concrete, Finished Garage, Heated Garage, Insulated Garage, Storage)
- Heating
- Baseboard, Forced Air
- Cooling
- Central Air
- Basement
- Finished
- Appliances
- Dishwasher, Disposal, Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $2,924
- County
- Becker
- Days on Market
- 92
403 Richwood Road is listed in Detroit Lakes, MN, part of Becker County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 403 Richwood Road
Shannon Barnum
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 Kris Lindahl Real Estate · 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# 7077384 · Data refreshed August 11, 2026
Similar Homes for Sale Near 403 Richwood Road, Detroit Lakes, MN
Frequently Asked Questions About 403 Richwood Road
- Is $349,900 a good price for a home in Detroit Lakes?
- At $146/sqft, this home is priced significantly below the typical Detroit Lakes single-family home of $235/sqft (38% lower), according to our BuyPulse comparison of comparable active listings. Browse Detroit Lakes homes for sale to compare.
- Does 403 Richwood Road have a basement?
- Yes, 403 Richwood Road has a finished basement with 832 sq ft of below-grade space.
- What type of heating and cooling does 403 Richwood Road have?
- 403 Richwood Road has Baseboard, Forced Air heating and Central Air cooling.
- Where is 403 Richwood Road located?
- 403 Richwood Road is in the Lake neighborhood of Detroit Lakes, MN 56501, in Becker County.
- Is 403 Richwood Road still available?
- Yes — 403 Richwood Road is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 403 Richwood Road built?
- 403 Richwood Road was built in 1964. It features concrete construction and a block foundation.
- Does 403 Richwood Road have main-floor laundry?
- Yes — the laundry at 403 Richwood Road is on the main level.
- How walkable is 403 Richwood Road?
- 403 Richwood Road has a Walk Score of 26/100 (Car-Dependent) and a Bike Score of 53/100 (Somewhat Bikeable). Scores provided by Walk Score® →
- How many homes like 403 Richwood Road are for sale in Detroit Lakes?
- 40 similar homes (single-family homes between $262K and $437K in Detroit Lakes) are for sale right now — you have options.
- How fast do homes like 403 Richwood Road sell in Detroit Lakes?
- Homes like this one (single-family homes between $262K and $437K in Detroit Lakes) went pending in a median 22 days over the last 90 days — 2 of the last 17 went under contract within 4 days.
- Do homes in Detroit Lakes sell for asking price?
- 50% of the last 30 comparable Detroit Lakes 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 Detroit Lakes area.