Is $199,900 a good price for a home in Fergus Falls?

According to BuyPulse, 740 E Gustavus Avenue rates Excellent Value — at $115/sqft it's priced 17% below the typical Fergus Falls single-family home of $139/sqft. Its negotiating-position score is 34/100 (Seller-leaning market), 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 740 E Gustavus 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 $1,537/yr. Always factor both into your total monthly housing cost before making an offer.

Does 740 E Gustavus Avenue have a basement?

Yes, 740 E Gustavus Avenue has a finished basement with 752 sq ft of below-grade space.

What type of heating and cooling does 740 E Gustavus Avenue have?

740 E Gustavus Avenue has Forced Air heating and Central Air cooling.

Where is 740 E Gustavus Avenue located?

740 E Gustavus Avenue is in the Porter neighborhood of Fergus Falls, MN 56537, in Otter Tail County.

Is 740 E Gustavus Avenue still available?

Yes — 740 E Gustavus Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 740 E Gustavus Avenue built?

740 E Gustavus Avenue was built in 1954. It features block construction and a block foundation.

Does 740 E Gustavus Avenue have main-floor laundry?

No — the laundry at 740 E Gustavus Avenue is in the lower level.

How walkable is 740 E Gustavus Avenue?

740 E Gustavus Avenue has a Walk Score of 10/100 (Car-Dependent) and a Bike Score of 35/100 (Minimal Bike Infrastructure).

How many homes like 740 E Gustavus Avenue are for sale in Fergus Falls?

19 similar homes (single-family homes between $150K and $250K in Fergus Falls) are for sale right now — you have options.

How fast do homes like 740 E Gustavus Avenue sell in Fergus Falls?

Homes like this one (single-family homes between $150K and $250K in Fergus Falls) went pending in a median 16 days over the last 90 days — 3 of the last 8 went under contract within 4 days.

Do homes in Fergus Falls sell for asking price?

67% of the last 24 comparable Fergus Falls sales closed at or over list price — Fergus Falls doesn't discount. Based on real NorthstarMLS closings, not estimates.

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.

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 1 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 2 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 3 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 4 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 5 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 6 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 7 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 8 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 9 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 10 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 11 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 12 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 13 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 14 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 15 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 16 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 17 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 18 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 19 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 20 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 21 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 22 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 23 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 24 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 25 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 26 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 27 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 28 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 29 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 30 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 31 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 32 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 33 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 34 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 35 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 36 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 37 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 38 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 39 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 40 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 41 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 42 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 43 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 44 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 45 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 46 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 47 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 48 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 49 of 50)

1954 single family home for sale at 740 E Gustavus Avenue in Fergus Falls, MN — 3 bed, 2 bath (photo 50 of 50)

740 E Gustavus Avenue, Fergus Falls, MN 56537

3 Beds | 2 Baths | 1,736 Sq Ft | Single Family Home | MLS# 7156361

$199,900

Is 740 E Gustavus Avenue a Good Deal?

BuyPulse Verdict

Excellent Value

At $115/sqft — This home is priced 17% below the typical Fergus Falls single-family home of $139/sqft.

Your Negotiating Position

34 — Seller-leaning market

Day 5 — similar homes typically go under contract by day ~16, so this one is early in its window.

67% of recent sales closed at or over asking — Fergus Falls sellers rarely discount.

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

$1,263/month Estimated

Principal & interest: $1,011
Property taxes: $128
Home insurance (est.): $117
Special assessments: $7
HOA dues: None

20% down ($39,980) · 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 Porter Add, Fergus Falls, MN.

About This Home

Welcome home to this well-cared-for 3-bedroom, 2-bath rambler situated on a beautiful, spacious corner lot. This home offers three bedrooms all on one level, a finished basement with a large family room, egress window, and plenty of space to relax, entertain, or enjoy movie nights. The main level features original oak hardwood floors underneath the existing carpet, offering the opportunity to bring out the home's classic character. You'll also enjoy year-round comfort with a high-efficiency gas forced-air furnace and central air. Durable steel siding and a 2.5-stall attached garage add to the home's appeal and functionality. Priced with room to remodel and make it your own, this home gives you the flexibility to update it right away or make improvements over time. With a great layout, spacious corner lot, solid features, and excellent care, this is a wonderful opportunity to create a home that fits your style for years to come.

3D Home Tour

Take a 3D home tour of this home

BuyPulse™ — Live Market Read

Homes like this one — single-family homes between $150K and $250K in Fergus Falls:

The field: 19 similar Fergus Falls homes for sale — you have options.
Tempo: homes like this went pending in a median 16 days — 3 of the last 8 inside 4 days.
Negotiation: 67% of the last 24 sales here closed at or over list — Fergus Falls doesn't discount.

Key Features

Built: 1954
Garage: 2-Car Attached
Style: One
HOA: None
Annual Taxes: $1,537 (2026)
Specials/yr: $85

Property Details

Property Type: Single Family
Above Grade Sq Ft: 984
Below Grade Sq Ft: 752
Lot Size: 0.27 acres
Basement: Yes
Roof: Architectural Shingle, Asphalt
Construction: Block
County: Otter Tail
List Date: 2026-10-07
Days on Market: 5 days
Parcel ID: 71001990936000

Financial

Total Tax incl. Assessments: $1,622
Specials Pending: No

Home Systems & Utilities

Heating: Forced Air
Cooling: Central Air
Electric: 200+ Amp Service
Water: City Water/Connected
Sewer: City Sewer/Connected
Appliances: Dishwasher, Electric Water Heater, Range, Refrigerator

Interior Features

Laundry: In Basement, Electric Dryer Hookup, Washer Hookup

Construction & Exterior

Construction & Structure

Foundation Type: Block
Foundation Area: 984 sqft
Total Building Area: 1,968 sqft

Exterior Features

Exterior Features: Steel Siding
Fenced Area: Yes
Other Structures: Storage Shed
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

Listed at $199,900 on Oct 7, 2026 — No price changes

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

Showing — 740 E Gustavus 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®

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First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.

View Full Listing & Photos

MLS# 7156361 · Data refreshed October 8, 2026

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Frequently Asked Questions About 740 E Gustavus Avenue

Is $199,900 a good price for a home in Fergus Falls?: According to BuyPulse, 740 E Gustavus Avenue rates Excellent Value — at $115/sqft it's priced 17% below the typical Fergus Falls single-family home of $139/sqft. Its negotiating-position score is 34/100 (Seller-leaning 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 740 E Gustavus 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 $1,537/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 740 E Gustavus Avenue have a basement?: Yes, 740 E Gustavus Avenue has a finished basement with 752 sq ft of below-grade space.
What type of heating and cooling does 740 E Gustavus Avenue have?: 740 E Gustavus Avenue has Forced Air heating and Central Air cooling.
Where is 740 E Gustavus Avenue located?: 740 E Gustavus Avenue is in the Porter neighborhood of Fergus Falls, MN 56537, in Otter Tail County.
Is 740 E Gustavus Avenue still available?: Yes — 740 E Gustavus Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 740 E Gustavus Avenue built?: 740 E Gustavus Avenue was built in 1954. It features block construction and a block foundation.
Does 740 E Gustavus Avenue have main-floor laundry?: No — the laundry at 740 E Gustavus Avenue is in the lower level.
How walkable is 740 E Gustavus Avenue?: 740 E Gustavus Avenue has a Walk Score of 10/100 (Car-Dependent) and a Bike Score of 35/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
How many homes like 740 E Gustavus Avenue are for sale in Fergus Falls?: 19 similar homes (single-family homes between $150K and $250K in Fergus Falls) are for sale right now — you have options.
How fast do homes like 740 E Gustavus Avenue sell in Fergus Falls?: Homes like this one (single-family homes between $150K and $250K in Fergus Falls) went pending in a median 16 days over the last 90 days — 3 of the last 8 went under contract within 4 days.
Do homes in Fergus Falls sell for asking price?: 67% of the last 24 comparable Fergus Falls sales closed at or over list price — Fergus Falls doesn't discount. Based on real NorthstarMLS closings, not estimates.
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 10/13/2026, 12:00 AM 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.