27887 238th Street, Fergus Falls, MN 56537
2 Beds | 1 Bath | 496 Sq Ft | Single Family Home | MLS# 7136587Lakefront on Norway Lake · 485 acres · 19 ft deep
Price Reduced — was $174,900 (↓ $5,000) · M Markdowns
$1,030/month Estimated
- Principal & interest
- $859
- Property taxes
- $72
- Home insurance (est.)
- $99
- HOA dues
- None
20% down ($33,980) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Get-A-Way Bay Ests/Norway Lake, Fergus Falls, MN.
About This Home
Here’s your chance to own a lake property on Norway Lake with much of the groundwork already completed! This 1965 cabin was moved in 2024 and placed on a new ICF basement/foundation, offering room to expand with two egress windows for future basement bedrooms. A new 1,500-gallon septic holding tank was installed in 2024, and a new well was drilled in 2026, both of which will be fully connected to the cabin by the Seller prior to closing. The property sits on 1.87 acres, with 154' of shoreline and includes a dock and boat lift, making it easy to start enjoying lake life. The Seller has the shoreline management permit to clear up to a 15' wide area of cattails for dock and lake access, similar to the neighboring property to the east. Newly planted Norway pines along the western property line will add additional privacy as they mature. The existing furnace will remain for the Buyer to use if desired, or consider adding a mini-split for an efficient heating and cooling option. A great opportunity to finish the property to your liking and make this Norway Lake getaway your own!
BuyPulse · Live market read
How 27887 238th Street Compares to the Fergus Falls Market
At $343/sqft, this home is priced $199/sqft above the typical Fergus Falls single-family home of $144/sqft.
The median list price in Fergus Falls is $264,900.
Verdict: Premium Pricing
Your negotiating position
78 Strong buyer leverage
Seller's market · Balanced · Buyer leverage
Day 49 — Fergus Falls homes overall typically go under contract by day ~14. This one is past that window.
68% of recent sales closed at or over asking — Fergus Falls sellers rarely discount.
15 similar homes for sale — alternatives if they won't move.
This seller already cut $5,000 — motivation showing.
Homes like this one — single-family homes between $127K and $212K in Fergus Falls:
- The field: 15 similar Fergus Falls homes for sale — you have options.
- Negotiation: 68% of the last 19 sales here closed at or over list — Fergus Falls doesn't discount.
- Price cuts: 7 of 15 similar homes have trimmed asking — median trim $10,000. This one already cut $5,000.
Powered by the Realgorithm™ — 19 real Fergus Falls closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1965
- Style
- One
- HOA
- None
- Annual Taxes
- $864 (2026)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 496
- Lot Size
- 1.874 acres
- Basement
- Yes
- Construction
- ICFs (Insulated Concrete Forms)
- County
- Otter Tail
- List Date
- 2026-09-01
- Days on Market
- 49 days
- Parcel ID
- 03000990835000
Financial
- Total Tax incl. Assessments
- $864
Home Systems & Utilities
- Heating
- None
- Cooling
- None
- Electric
- 100 Amp Service
- Water
- Drilled, Well
- Sewer
- Holding Tank
- Appliances
- Range, Refrigerator
Interior Features
- Laundry
- None
Construction & Exterior
Construction & Structure
- Foundation Type
- ICFs (Insulated Concrete Forms)
- Foundation Area
- 496 sqft
- Total Building Area
- 992 sqft
Exterior Features
- Exterior Features
- Wood
- View
- Lake
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Driveway - Other Surface
Lot & Land
- Lot Features
- Cleared
- Topography
- Level
- Road Surface
- County Road, Township
- Zoning Description
- Shoreline
Waterfront
- Waterfront
- Yes
- Lake
- Norway
- Lake Acres
- 484.9 acres
- Lake Depth
- 19 ft
Agent & Office
- List Office
- Century 21 Atwood
Price History
- Price reduced to $169,900 — Oct 2, 2026
27887 238th Street is listed in Fergus Falls, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 27887 238th Street
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# 7136587 · Data refreshed October 2, 2026
Similar Homes for Sale Near 27887 238th Street, Fergus Falls, MN
Frequently Asked Questions About 27887 238th Street
- Is $169,900 a good price for a home in Fergus Falls?
- According to BuyPulse, 27887 238th Street rates Premium Pricing — at $343/sqft it's priced 138% above the typical Fergus Falls single-family home of $144/sqft. Its negotiating-position score is 78/100 (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 27887 238th Street have a basement?
- Yes, 27887 238th Street has a basement.
- What type of heating and cooling does 27887 238th Street have?
- 27887 238th Street has None heating and None cooling.
- Where is 27887 238th Street located?
- 27887 238th Street is in the Get-a-way Bay Ests/norway Lake neighborhood of Fergus Falls, MN 56537, in Otter Tail County.
- Is 27887 238th Street still available?
- Yes — 27887 238th Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 27887 238th Street built?
- 27887 238th Street was built in 1965. It features icfs (insulated concrete forms) construction and a icfs (insulated concrete forms) foundation.
- How walkable is 27887 238th Street?
- 27887 238th Street has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 25/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 27887 238th Street are for sale in Fergus Falls?
- 15 similar homes (single-family homes between $127K and $212K in Fergus Falls) are for sale right now — you have options.
- Do homes in Fergus Falls sell for asking price?
- 68% of the last 19 comparable Fergus Falls sales closed at or over list price — Fergus Falls doesn't discount. 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 10/20/2026, 8:19 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.
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