118 SE 3rd Avenue, Grand Rapids, MN 55744
4 Beds | 2 Baths | 1,188 Sq Ft | Single Family Home | MLS# 7108705
Price Reduced — was $214,900 (↓ $15,000) · M Markdowns
Is 118 SE 3rd Avenue a Good Deal?
BuyPulse Verdict
Strong Value
At $168/sqft — This home is priced 13% below the typical Grand Rapids single-family home of $193/sqft.
Your Negotiating Position
70 — Strong buyer leverage
Day 92 — similar homes typically go under contract by day ~18. This one is past that window.
69% of recent sales closed at or over asking — Grand Rapids sellers rarely discount.
21 similar homes for sale — alternatives if they won't move.
This seller already cut $15,000 — motivation showing.
Powered by the Realgorithm™ — 84 active Grand Rapids listings · NorthstarMLS
$1,301/month Estimated
- Principal & interest
- $1,011
- Property taxes
- $166
- 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.
Located in Revision Of Blk 55 Town Of Grand Rapids, Grand Rapids, MN.
About This Home
Well cared for updated 2 story home in SE Grand Rapids, close to the YMCA. Since 2016 updates include siding, roof, windows, kitchen and more! 4 bedrooms with 1 on the main floor, laundry in lower level. Very clean and bright! Deck will be repaired prior to close. Fireplace never used, stove will be replaced with accepted offer.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $150K and $250K in Grand Rapids:
- The field: 21 similar Grand Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 18 days — 2 of the last 10 inside 4 days.
- Negotiation: 69% of the last 16 sales here closed at or over list — Grand Rapids doesn't discount.
Powered by the Realgorithm™ — 16 real Grand Rapids closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1999
- Garage
- 1-Car Detached
- Style
- Two
- HOA
- None
- Annual Taxes
- $1,991 (2026)
- Specials/yr
- $81
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,188
- Lot Size
- 0.17 acres
- Basement
- Yes
- County
- Itasca
- List Date
- 2026-07-12
- Days on Market
- 92 days
- Parcel ID
- 916715540
Financial
- Total Tax incl. Assessments
- $2,072
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- None
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
Construction & Exterior
Construction & Structure
- Foundation Type
- Poured Concrete
- Foundation Area
- 792 sqft
- Total Building Area
- 1,980 sqft
Exterior Features
- Exterior Features
- Other
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage
Lot & Land
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- MN DIRECT PROPERTIES
Price History
Reduced $15,000 (7.0%)
- Price reduced to $214,900 — Aug 6, 2026
- Price reduced to $199,900 — Sep 18, 2026
118 SE 3rd Avenue is listed in Grand Rapids, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 118 SE 3rd Avenue
Associate Broker · Modern Market REALTORS®
Your Grand Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by MN DIRECT PROPERTIES · 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# 7108705 · Data refreshed September 18, 2026
Similar Homes for Sale Near 118 SE 3rd Avenue, Grand Rapids, MN
Frequently Asked Questions About 118 SE 3rd Avenue
- Is $199,900 a good price for a home in Grand Rapids?
- According to BuyPulse, 118 SE 3rd Avenue rates Strong Value — at $168/sqft it's priced 13% below the typical Grand Rapids single-family home of $193/sqft. Its negotiating-position score is 70/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Grand Rapids homes are closing versus list. Powered by the Realgorithm™. Browse Grand Rapids homes for sale to compare.
- What are the special assessments at 118 SE 3rd Avenue — and what do they mean?
- This property has $81/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 $1,991/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 118 SE 3rd Avenue have a basement?
- Yes, 118 SE 3rd Avenue has a basement.
- What type of heating and cooling does 118 SE 3rd Avenue have?
- 118 SE 3rd Avenue has Forced Air heating and None cooling.
- Where is 118 SE 3rd Avenue located?
- 118 SE 3rd Avenue is in the Revision Of Blk 55 Town Of Grand Rapids neighborhood of Grand Rapids, MN 55744, in Itasca County.
- Is 118 SE 3rd Avenue still available?
- Yes — 118 SE 3rd Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 118 SE 3rd Avenue built?
- 118 SE 3rd Avenue was built in 1999. It features a poured concrete foundation.
- How walkable is 118 SE 3rd Avenue?
- 118 SE 3rd Avenue has a Walk Score of 52/100 (Somewhat Walkable) and a Bike Score of 64/100 (Somewhat Bikeable). Scores provided by Walk Score® →
- How many homes like 118 SE 3rd Avenue are for sale in Grand Rapids?
- 21 similar homes (single-family homes between $150K and $250K in Grand Rapids) are for sale right now — you have options.
- How fast do homes like 118 SE 3rd Avenue sell in Grand Rapids?
- Homes like this one (single-family homes between $150K and $250K in Grand Rapids) went pending in a median 18 days over the last 90 days — 2 of the last 10 went under contract within 4 days.
- Do homes in Grand Rapids sell for asking price?
- 69% of the last 16 comparable Grand Rapids sales closed at or over list price — Grand Rapids 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 Grand Rapids 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.