Is $170,000 a good price for a home in Fosston?

According to BuyPulse, 509 5th Street NE rates Strong Value — at $111/sqft it's priced 8% below the typical Fosston single-family home of $121/sqft. Powered by the Realgorithm™.

What are the special assessments at 509 5th Street NE — and what do they mean?

This property has $1,079/yr in annual special assessments with additional 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 $1,397/yr. Always factor both into your total monthly housing cost before making an offer.

Does 509 5th Street NE have a basement?

Yes, 509 5th Street NE has a basement with 400 sq ft of below-grade space.

What type of heating and cooling does 509 5th Street NE have?

509 5th Street NE has Forced Air heating and Central Air, Window Unit(s) cooling.

Where is 509 5th Street NE located?

509 5th Street NE is in the S & L neighborhood of Fosston, MN 56542, in Polk County.

Is 509 5th Street NE still available?

Yes — 509 5th Street NE is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 509 5th Street NE built?

509 5th Street NE was built in 1936. It features frame construction, an asphalt roof, and a poured concrete foundation.

Does 509 5th Street NE have main-floor laundry?

No — the laundry at 509 5th Street NE is in the lower level.

How walkable is 509 5th Street NE?

509 5th Street NE has a Walk Score of 43/100 (Car-Dependent) and a Bike Score of 50/100 (Somewhat Bikeable).

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.

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 1 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 2 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 3 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 4 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 5 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 6 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 7 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 8 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 9 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 10 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 11 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 12 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 13 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 14 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 15 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 16 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 17 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 18 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 19 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 20 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 21 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 22 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 23 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 24 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 25 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 26 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 27 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 28 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 29 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 30 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 31 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 32 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 33 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 34 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 35 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 36 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 37 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 38 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 39 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 40 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 41 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 42 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 43 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 44 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 45 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 46 of 47)

1936 single family home for sale at 509 5th Street NE in Fosston, MN — 3 bed, 2 bath (photo 47 of 47)

509 5th Street NE, Fosston, MN 56542

3 Beds | 2 Baths | 1,529 Sq Ft | Single Family Home | MLS# 7138059

M Markdowns — Price Reduced — was $180,000 (↓ $10,000)

$170,000

Is 509 5th Street NE a Good Deal?

BuyPulse Verdict

Strong Value

At $111/sqft — This home is priced 8% below the typical Fosston single-family home of $121/sqft.

$1,165/month Estimated

Principal & interest: $860
Property taxes: $116
Home insurance (est.): $99
Special assessments: $90 + pending
HOA dues: None

20% down ($34,000) · 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.

Fosston, MN Active

Located in S & L Add, Fosston, MN.

About This Home

Mature maple trees and an extra large lot make this city home feel more like a private, rural estate. A covered front porch, a fenced in yard, and a secluded back patio provide functional areas to enjoy the seasons. This home itself is just over 1900 total square feet and has 3 bedrooms and 1 ¾ bath. Modern appliances and an open floor plan, along with the many windows, make the home feel open and airy, with plenty of natural light. It is accessible by the street or alley. A two car garage with heat as well as a small guest cabin are all part of the package. There are so many special touches that set this home apart. Reclaimed barnwood has been incorporated with a modern flair. Enjoy the rustic beauty in the many walls, ceilings, and floors that give the home a cozy build. The city of Fosston has a flourishing business community, expanded health care facilities, and a reputable school system. This home is close to all of these. This won’t last long.

Key Features

Built: 1936
Garage: 2-Car Detached
Style: One and One Half
HOA: None
Annual Taxes: $1,397 (2026)
Specials/yr: $1,079 + pending

Property Details

Property Type: Single Family
Above Grade Sq Ft: 1,129
Below Grade Sq Ft: 400
Lot Size: 0.241 acres
Basement: Yes
Roof: Asphalt
Construction: Frame
County: Polk
List Date: 2026-09-03
Days on Market: 39 days
Parcel ID: 870047700

Financial

Total Tax incl. Assessments: $2,476
Specials Pending: Yes

Home Systems & Utilities

Heating: Forced Air
Cooling: Central Air, Window Unit(s)
Electric: 200+ Amp Service
Water: City Water/Connected
Sewer: City Sewer/Connected

Interior Features

Laundry: Lower Level

Construction & Exterior

Construction & Structure

Foundation Type: Poured Concrete
Foundation Area: 780 sqft
Total Building Area: 1,909 sqft

Exterior Features

Exterior Features: Wood
Fenced Area: Yes
Other Structures: Storage Shed
Accessibility Features: None

Parking & Garage

Parking Features: Detached Garage

Lot & Land

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

Agent & Office

List Office: Wayvora Realty

Price History

Price reduced to $170,000 — Sep 16, 2026

509 5th Street NE is listed in Fosston, MN, part of Polk County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 509 5th Street NE

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Fosston real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

See all Fosston homes ›

Listed by Wayvora Realty · 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# 7138059 · Data refreshed October 4, 2026

Similar Homes for Sale Near 509 5th Street NE, Fosston, MN

816 Foss Avenue N — $170,000 · 4 bed · 2 bath

See all homes for sale in Fosston, MN →

Frequently Asked Questions About 509 5th Street NE

Is $170,000 a good price for a home in Fosston?: According to BuyPulse, 509 5th Street NE rates Strong Value — at $111/sqft it's priced 8% below the typical Fosston single-family home of $121/sqft. Powered by the Realgorithm™. Browse Fosston homes for sale to compare.
What are the special assessments at 509 5th Street NE — and what do they mean?: This property has $1,079/yr in annual special assessments with additional 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 $1,397/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 509 5th Street NE have a basement?: Yes, 509 5th Street NE has a basement with 400 sq ft of below-grade space.
What type of heating and cooling does 509 5th Street NE have?: 509 5th Street NE has Forced Air heating and Central Air, Window Unit(s) cooling.
Where is 509 5th Street NE located?: 509 5th Street NE is in the S & L neighborhood of Fosston, MN 56542, in Polk County.
Is 509 5th Street NE still available?: Yes — 509 5th Street NE is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 509 5th Street NE built?: 509 5th Street NE was built in 1936. It features frame construction, an asphalt roof, and a poured concrete foundation.
Does 509 5th Street NE have main-floor laundry?: No — the laundry at 509 5th Street NE is in the lower level.
How walkable is 509 5th Street NE?: 509 5th Street NE has a Walk Score of 43/100 (Car-Dependent) and a Bike Score of 50/100 (Somewhat Bikeable). Scores provided by Walk Score® →
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.

Local Companies to Help You Settle In

From inspection to closing to moving day, here are well-known local companies serving the Fosston area.

Listings courtesy of NorthstarMLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/13/2026, 1:17 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.