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

According to BuyPulse, 127 E Summit Avenue rates Excellent Value — at $92/sqft it's priced 37% below the typical Fergus Falls single-family home of $145/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™.

Does 127 E Summit Avenue have a basement?

Yes, 127 E Summit Avenue has a basement.

What type of heating and cooling does 127 E Summit Avenue have?

127 E Summit Avenue has Hot Water heating and None cooling.

Where is 127 E Summit Avenue located?

127 E Summit Avenue is in the North Division/fergus Falls neighborhood of Fergus Falls, MN 56537, in Otter Tail County.

Is 127 E Summit Avenue still available?

Yes — 127 E 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 127 E Summit Avenue built?

127 E Summit Avenue was built in 1880. It features frame construction and a other foundation.

How many homes like 127 E Summit Avenue are for sale in Fergus Falls?

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

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.

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 1 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 2 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 3 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 4 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 5 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 6 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 7 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 8 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 9 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 10 of 41)

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1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 17 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 18 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 19 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 20 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 21 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 22 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 23 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 24 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 25 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 26 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 27 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 28 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 29 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 30 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 31 of 41)

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1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 34 of 41)

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1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 36 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 37 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 38 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 39 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 40 of 41)

1880 single family home for sale at 127 E Summit Avenue in Fergus Falls, MN — 4 bed, 2 bath (photo 41 of 41)

127 E Summit Avenue, Fergus Falls, MN 56537

4 Beds | 2 Baths | 1,632 Sq Ft | Single Family Home | MLS# 7118533

Price Reduced — was $169,900 (↓ $20,000) · M Markdowns

$149,900

$1,074/month Estimated

Principal & interest: $817
Property taxes: $170
Home insurance (est.): $87
HOA dues: None

20% down ($29,980) · 30-yr fixed, 7.24%

Try our home affordability calculator

Estimates only; confirm before you offer.

Fergus Falls, MN Active

Located in North Division/Fergus Falls, Fergus Falls, MN.

About This Home

Whether you're a first time home buyer or an experienced investor looking for your next opportunity, this move in ready Fergus Falls home deserves a closer look. Situated on a corner lot near Lake Alice, the property features four bedrooms conveniently located on one level, two bathrooms, an attached garage and a deck for outdoor enjoyment. The unfinished basement offers excellent storage. With a convenient location and room to make it your own, this is an opportunity you won't want to miss. Act fast!

BuyPulse · Live market read

How 127 E Summit Avenue Compares to the Fergus Falls Market

At $92/sqft, this home is priced $53/sqft below the typical Fergus Falls single-family home of $145/sqft.

The median list price in Fergus Falls is $249,900.

Verdict: Excellent Value

Your negotiating position

80 Strong buyer leverage

Seller's market · Balanced · Buyer leverage

Day 97 — Fergus Falls homes overall typically go under contract by day ~22. This one is past that window.

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

This seller already cut $20,000 — the asking price has already moved.

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

The field: 12 similar Fergus Falls homes for sale — you have options.
Price cuts: 5 of 12 similar homes have trimmed asking — median trim $5,000. This one already cut $20,000.
Too few have sold recently to chart how fast they go or how they close — BuyPulse won't estimate those off a thin sample.

Key Features

Built: 1880
Garage: 1-Car Attached
Style: Two
HOA: None
Annual Taxes: $2,040 (2026)

Property Details

Property Type: Single Family
Above Grade Sq Ft: 1,632
Lot Size: 0.18 acres
Basement: Yes
Construction: Frame
County: Otter Tail
List Date: 2026-07-30
Days on Market: 97 days
Parcel ID: 71002990786000

Financial

Total Tax incl. Assessments: $2,040

Home Systems & Utilities

Heating: Hot Water
Cooling: None
Electric: Circuit Breakers, 100 Amp Service
Water: City Water/Connected
Sewer: City Sewer/Connected
Appliances: Electric Water Heater, Range, Refrigerator

Construction & Exterior

Construction & Structure

Foundation Type: Other
Foundation Area: 816 sqft
Total Building Area: 2,448 sqft

Exterior Features

Exterior Features: Other
Accessibility Features: None

Parking & Garage

Parking Features: Attached Garage, Concrete

Lot & Land

Lot Features: Corner Lot
Road Surface: City Street
Zoning Description: Residential-Single Family

Agent & Office

List Office: Keller Williams Realty Professionals

Price History

Price reduced to $149,900 — Oct 2, 2026

127 E Summit Avenue is listed in Fergus Falls, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 127 E Summit Avenue

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# 7118533 · Updated October 19, 2026

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Frequently Asked Questions About 127 E Summit Avenue

Is $149,900 a good price for a home in Fergus Falls?: According to BuyPulse, 127 E Summit Avenue rates Excellent Value — at $92/sqft it's priced 37% below the typical Fergus Falls single-family home of $145/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.
Does 127 E Summit Avenue have a basement?: Yes, 127 E Summit Avenue has a basement.
What type of heating and cooling does 127 E Summit Avenue have?: 127 E Summit Avenue has Hot Water heating and None cooling.
Where is 127 E Summit Avenue located?: 127 E Summit Avenue is in the North Division/fergus Falls neighborhood of Fergus Falls, MN 56537, in Otter Tail County.
Is 127 E Summit Avenue still available?: Yes — 127 E 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 127 E Summit Avenue built?: 127 E Summit Avenue was built in 1880. It features frame construction and a other foundation.
How many homes like 127 E Summit Avenue are for sale in Fergus Falls?: 12 similar homes (single-family homes between $112K and $187K in Fergus Falls) are for sale right now — you have options.
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 11/04/2026, 9:39 AM CST. 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.