Is $149,900 a good price for a home in Fergus Falls?

According to BuyPulse, 1224 Lake Street rates Premium Pricing — at $157/sqft it's priced 13% above the typical Fergus Falls single-family home of $139/sqft. Its negotiating-position score is 80/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Fergus Falls homes are closing versus list. Powered by the Realgorithm™.

What are the special assessments at 1224 Lake Street — and what do they mean?

This property has $239/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 $1,615.44/yr. Always factor both into your total monthly housing cost before making an offer.

Does 1224 Lake Street have a basement?

Yes, 1224 Lake Street has a basement.

What type of heating and cooling does 1224 Lake Street have?

1224 Lake Street has Forced Air heating and Central Air cooling.

Where is 1224 Lake Street located?

1224 Lake Street is in the Corliss neighborhood of Fergus Falls, MN 56537, in Otter Tail County.

Is 1224 Lake Street still available?

Yes — 1224 Lake Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 1224 Lake Street built?

1224 Lake Street was built in 1955. It features frame construction and a block foundation.

Does 1224 Lake Street have main-floor laundry?

Yes — the laundry at 1224 Lake Street is on the main level.

How walkable is 1224 Lake Street?

1224 Lake Street has a Walk Score of 31/100 (Car-Dependent) and a Bike Score of 33/100 (Minimal Bike Infrastructure).

How many homes like 1224 Lake Street are for sale in Fergus Falls?

11 similar homes (single-family homes between $112K and $187K in Fergus Falls) are for sale right now — you have options.

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.

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 1 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 2 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 3 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 4 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 5 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 6 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 7 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 8 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 9 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 10 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 11 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 12 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 13 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 14 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 15 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 16 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 17 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 18 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 19 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 20 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 21 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 22 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 23 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 24 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 25 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 26 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 27 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 28 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 29 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 30 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 31 of 32)

1955 single family home for sale at 1224 Lake Street in Fergus Falls, MN — 2 bed, 1 bath (photo 32 of 32)

1224 Lake Street, Fergus Falls, MN 56537

2 Beds | 1 Bath | 957 Sq Ft | Single Family Home | MLS# 7071775

$149,900

Is 1224 Lake Street a Good Deal?

BuyPulse Verdict

Premium Pricing

At $157/sqft — This home is priced 13% above the typical Fergus Falls single-family home of $139/sqft.

Your Negotiating Position

80 — Strong buyer leverage

Day 153 — Fergus Falls homes overall typically go under contract by day ~21. This one is past that window.

11 similar homes for sale — alternatives if they won't move.

$1,000/month Estimated

Principal & interest: $758
Property taxes: $135
Home insurance (est.): $87
Special assessments: $20
HOA dues: None

20% down ($29,980) · 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.

Fergus Falls, MN Active

Located in Corliss 2nd Add, Fergus Falls, MN.

About This Home

Charming 2 bed, 1 bath rambler offering true one level living! Features include beautiful hardwood floors, main level laundry, and a 1-stall attached garage for added convenience. The windows have been updated, and the home includes a high efficiency furnace with central air for year-round comfort. Enjoy the nice backyard with space to relax, garden, or entertain. A great option for easy living in a comfortable and well-maintained home.

3D Home Tour

Take a 3D home tour of this home

BuyPulse™ — Live Market Read

Homes like this one — single-family homes between $112K and $187K in Fergus Falls:

The field: 11 similar Fergus Falls homes for sale — you have options.

Key Features

Built: 1955
Garage: 1-Car Attached
Style: One
HOA: None
Annual Taxes: $1,615.44 (2026)
Specials/yr: $239

Property Details

Property Type: Single Family
Above Grade Sq Ft: 957
Lot Size: 9,625 sqft
Basement: Yes
Roof: Age Over 8 Years, Asphalt
Construction: Frame
County: Otter Tail
List Date: 2026-05-12
Days on Market: 153 days
Parcel ID: 71002990335001

Financial

Total Tax incl. Assessments: $1,854
Specials Pending: No

Home Systems & Utilities

Heating: Forced Air
Cooling: Central Air
Electric: Circuit Breakers, 100 Amp Service
Water: City Water/Connected
Sewer: City Sewer/Connected
Appliances: Cooktop, Dryer, Electric Water Heater, Refrigerator, Wall Oven, Washer

Interior Features

Laundry: Electric Dryer Hookup, Main Level, Washer Hookup

Construction & Exterior

Construction & Structure

Foundation Type: Block
Foundation Area: 957 sqft
Total Building Area: 1,914 sqft

Exterior Features

Exterior Features: Steel Siding
Accessibility Features: None

Parking & Garage

Parking Features: Attached Garage, Asphalt

Lot & Land

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

Agent & Office

List Office: Keller Williams Realty Professionals

Price History

Price reduced to $149,900 — Jun 16, 2026

1224 Lake Street is listed in Fergus Falls, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 1224 Lake Street

Shannon Barnum

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.

See all Fergus Falls homes ›

Listed by Keller Williams Realty Professionals · 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# 7071775 · Data refreshed September 2, 2026

Similar Homes for Sale Near 1224 Lake Street, Fergus Falls, MN

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Frequently Asked Questions About 1224 Lake Street

Is $149,900 a good price for a home in Fergus Falls?: According to BuyPulse, 1224 Lake Street rates Premium Pricing — at $157/sqft it's priced 13% above the typical Fergus Falls single-family home of $139/sqft. Its negotiating-position score is 80/100 (Strong buyer leverage), 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 1224 Lake Street — and what do they mean?: This property has $239/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 $1,615.44/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 1224 Lake Street have a basement?: Yes, 1224 Lake Street has a basement.
What type of heating and cooling does 1224 Lake Street have?: 1224 Lake Street has Forced Air heating and Central Air cooling.
Where is 1224 Lake Street located?: 1224 Lake Street is in the Corliss neighborhood of Fergus Falls, MN 56537, in Otter Tail County.
Is 1224 Lake Street still available?: Yes — 1224 Lake Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 1224 Lake Street built?: 1224 Lake Street was built in 1955. It features frame construction and a block foundation.
Does 1224 Lake Street have main-floor laundry?: Yes — the laundry at 1224 Lake Street is on the main level.
How walkable is 1224 Lake Street?: 1224 Lake Street has a Walk Score of 31/100 (Car-Dependent) and a Bike Score of 33/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
How many homes like 1224 Lake Street are for sale in Fergus Falls?: 11 similar homes (single-family homes between $112K and $187K in Fergus Falls) are for sale right now — you have options.
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, 9:58 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.