515 Vernon Place, Fergus Falls, MN 56537
3 Beds | 2 Baths | 2,808 Sq Ft | Single Family Home | MLS# 7108043
Price Drop on M Markdowns — was $250,000 (↓ $5,000)
Is 515 Vernon Place a Good Deal?
BuyPulse Verdict
Excellent Value
At $87/sqft — This home is priced 40% below the typical Fergus Falls single-family home of $146/sqft.
Your Negotiating Position: 72 — Strong buyer leverage
Powered by the Realgorithm™ — 58 active Fergus Falls listings · NorthstarMLS
$1,554/month Estimated
- Principal & interest
- $1,239
- Property taxes
- $172
- Home insurance (est.)
- $143
- HOA dues
- None
20% down ($49,000) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Waters Add, Fergus Falls, MN.
About This Home
This beautifully updated rambler offers spacious, comfortable living and is designed to meet a variety of needs. Featuring three bedrooms on the same level and large bathrooms on each level, it provides both convenience and functionality. Situated on a quiet street that is only 1 block long and sitting on a generous 0.3+ acre in-town lot, the home boasts a large family room with a fireplace that is perfect for gatherings, movie nights, or relaxing with family and friends. A versatile storage or hobby room offers endless possibilities—ideal for crafts, exercise room, a workshop, or even a bedroom with a little TLC. This basement presents the opportunity to add a fourth and 5th bedroom with the installation of a couple of egress windows. The kitchen is both stylish and practical, featuring modern stainless-steel appliances and a peninsula that provides extra seating. A unique live edge wood countertop is lovely a design focus. Step out the patio doors to enjoy the expansive backyard, whether you're gardening, entertaining, or simply unwinding on the back deck. With quality updates, flexible living spaces, and room to grow, this home is truly a must-see.
BuyPulse™ — Live Market Read
Homes like this one — ramblers between $184K and $306K in Fergus Falls:
- The field: 9 similar Fergus Falls homes for sale — a short list right now.
- Tempo: homes like this went pending in a median 39 days — 2 of the last 8 inside 4 days.
- Negotiation: 44% of the last 16 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 16 real Fergus Falls closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1988
- Above Grade
- 1,908 sq ft
- Below Grade
- 900 sq ft
- Lot Size
- 0.31 acres
- Garage
- 1-car (Attached Garage)
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Yes
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $2,064
- County
- Otter Tail
- Days on Market
- 48
515 Vernon Place is listed in Fergus Falls, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 515 Vernon Place
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.
Listed by Trilogy 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# 7108043 · Data refreshed July 30, 2026
Similar Homes for Sale Near 515 Vernon Place, Fergus Falls, MN
Frequently Asked Questions About 515 Vernon Place
- Is $245,000 a good price for a home in Fergus Falls?
- According to BuyPulse, 515 Vernon Place rates Excellent Value — at $87/sqft it's priced 40% below the typical Fergus Falls single-family home of $146/sqft. Its negotiating-position score is 72/100 (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 515 Vernon Place have a basement?
- Yes, 515 Vernon Place has a basement with 900 sq ft of below-grade space.
- What type of heating and cooling does 515 Vernon Place have?
- 515 Vernon Place has Forced Air heating and Central Air cooling.
- Where is 515 Vernon Place located?
- 515 Vernon Place is in the Waters neighborhood of Fergus Falls, MN 56537, in Otter Tail County.
- Is 515 Vernon Place still available?
- Yes — 515 Vernon Place is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 515 Vernon Place built?
- 515 Vernon Place was built in 1988. It features a wood foundation.
- How walkable is 515 Vernon Place?
- 515 Vernon Place has a Walk Score of 25/100 (Car-Dependent) and a Bike Score of 34/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 515 Vernon Place are for sale in Fergus Falls?
- 9 similar homes (ramblers between $184K and $306K in Fergus Falls) are for sale right now — a short list right now.
- How fast do homes like 515 Vernon Place sell in Fergus Falls?
- Homes like this one (ramblers between $184K and $306K in Fergus Falls) went pending in a median 39 days over the last 90 days — 2 of the last 8 went under contract within 4 days.
- Do homes in Fergus Falls sell for asking price?
- 44% of the last 16 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.