1039 W Summit Avenue, Fergus Falls, MN 56537
4 Beds | 3 Baths | 3,135 Sq Ft | Single Family Home | MLS# 7064631
M Markdowns — Price Reduced — was $319,000 (↓ $20,000)
Is 1039 W Summit Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $95/sqft — This home is priced 32% below the typical Fergus Falls single-family home of $139/sqft.
Your Negotiating Position
56 — Balanced market
Day 164 — similar homes typically go under contract by day ~24. This one is past that window.
44% of recent sales closed at or over asking — about half hold full price.
24 similar homes for sale — alternatives if they won't move.
This seller already cut $20,000 — motivation showing.
Powered by the Realgorithm™ — 58 active Fergus Falls listings · NorthstarMLS
$1,948/month Estimated
- Principal & interest
- $1,512
- Property taxes
- $255
- Home insurance (est.)
- $174
- Special assessments
- $7
- HOA dues
- None
20% down ($59,800) · 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 ~12
This home has sat well past the local pace — time is working in a buyer's favor.
- 165 days on market — more than double the usual 57 days
- Price cut 6.3% (−$20,000)
- MLS listing notes: Short Sale
- 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.
About This Home
1 3/4 story home with 4 bedrooms and 3 baths on a quiet dead-end street, with no through traffic. Lots of privacy is found in this beautiful Fergus Falls location. Recent updates throughout the home. Quartz countertops and modern contemporary cabinetry in the kitchen. Newer flooring in the kitchen, dining, and living room. Fireplace in the living room as well as the lower-level family room. One bedroom on the main floor, with 3 bedrooms upstairs, and a full bath. 3/4 bath with a shower in the lower level. Large city lot for outside gathering with nature views. Close to all that Fergus Falls has to offer.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $224K and $374K in Fergus Falls:
- The field: 24 similar Fergus Falls homes for sale — you have options.
- Tempo: homes like this went pending in a median 24 days — 3 of the last 13 inside 4 days.
- Negotiation: 44% of the last 25 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 25 real Fergus Falls closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1952
- Garage
- 2-Car Attached
- Style
- Two
- HOA
- None
- Annual Taxes
- $3,063 (2026)
- Specials/yr
- $85
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 2,335
- Below Grade Sq Ft
- 800
- Lot Size
- 0.37 acres
- Basement
- Yes
- County
- Otter Tail
- List Date
- 2026-09-28
- Days on Market
- 14 days
- Parcel ID
- 71003500057005
Financial
- Total Tax incl. Assessments
- $3,148
- Specials Pending
- No
- Listing Conditions
- Short Sale
Home Systems & Utilities
- Heating
- Baseboard
- Cooling
- Window Unit(s)
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
Interior Features
- Fireplace
- 2 fireplaces
Construction & Exterior
Construction & Structure
- Foundation Type
- Poured Concrete
- Foundation Area
- 1,458 sqft
- Total Building Area
- 3,892 sqft
Exterior Features
- Exterior Features
- Wood
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Attached Garage
Lot & Land
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- Century 21 Atwood
Price History
Reduced $20,000 (6.3%)
- Price reduced to $319,000 — Jul 29, 2026
- Price reduced to $299,000 — Aug 12, 2026
1039 W Summit Avenue is listed in Fergus Falls, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 1039 W Summit Avenue
Associate Broker · Modern Market REALTORS®
Your Fergus Falls real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Century 21 Atwood · 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# 7064631 · Data refreshed September 28, 2026
Similar Homes for Sale Near 1039 W Summit Avenue, Fergus Falls, MN
- 24932 Wall Lake Point Circle — $269,900 · 3 bed · 2 bath
- 1850 Deer Valley Road — $259,900 · 3 bed · 3 bath
- 315 N Concord Street — $259,900 · 4 bed · 2 bath
- 412 E Everett Avenue — $249,900 · 4 bed · 2 bath
- 514 E Hampden Avenue — $239,900 · 3 bed · 2 bath
- 724 E Channing Avenue — $239,900 · 3 bed · 2 bath
Frequently Asked Questions About 1039 W Summit Avenue
- Is $299,000 a good price for a home in Fergus Falls?
- According to BuyPulse, 1039 W Summit Avenue rates Excellent Value — at $95/sqft it's priced 32% below the typical Fergus Falls single-family home of $139/sqft. Its negotiating-position score is 56/100 (Balanced market), weighed on days on market, comparable inventory, and how Fergus Falls homes are closing versus list. Powered by the Realgorithm™. Browse Fergus Falls homes for sale to compare.
- What are the special assessments at 1039 W Summit Avenue — and what do they mean?
- This property has $85/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 $3,063/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 1039 W Summit Avenue have a basement?
- Yes, 1039 W Summit Avenue has a basement with 800 sq ft of below-grade space.
- What type of heating and cooling does 1039 W Summit Avenue have?
- 1039 W Summit Avenue has Baseboard heating and Window Unit(s) cooling.
- Where is 1039 W Summit Avenue located?
- 1039 W Summit Avenue is in Fergus Falls, MN 56537, in Otter Tail County.
- Is 1039 W Summit Avenue still available?
- Yes — 1039 W Summit Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 1039 W Summit Avenue built?
- 1039 W Summit Avenue was built in 1952. It features a poured concrete foundation.
- How walkable is 1039 W Summit Avenue?
- 1039 W Summit Avenue has a Walk Score of 19/100 (Car-Dependent) and a Bike Score of 33/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 1039 W Summit Avenue are for sale in Fergus Falls?
- 24 similar homes (single-family homes between $224K and $374K in Fergus Falls) are for sale right now — you have options.
- How fast do homes like 1039 W Summit Avenue sell in Fergus Falls?
- Homes like this one (single-family homes between $224K and $374K in Fergus Falls) went pending in a median 24 days over the last 90 days — 3 of the last 13 went under contract within 4 days.
- Do homes in Fergus Falls sell for asking price?
- 44% of the last 25 comparable Fergus Falls 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 Fergus Falls area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/12/2026, 9:23 PM 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.