405 SW 1st Avenue, Grand Rapids, MN 55744
4 Beds | 2 Baths | 1,728 Sq Ft | Single Family Home | MLS# 7119663
M Markdowns — Price Reduced — was $275,000 (↓ $25,000)
Is 405 SW 1st Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $145/sqft — This home is priced 25% below the typical Grand Rapids single-family home of $193/sqft.
Your Negotiating Position
76 — Strong buyer leverage
Day 73 — similar homes typically go under contract by day ~22. This one is past that window.
52% of recent sales closed at or over asking — about half hold full price.
24 similar homes for sale — alternatives if they won't move.
This seller already cut $25,000 — motivation showing.
Powered by the Realgorithm™ — 84 active Grand Rapids listings · NorthstarMLS
$1,640/month Estimated
- Principal & interest
- $1,264
- Property taxes
- $223
- Home insurance (est.)
- $146
- Special assessments
- $7
- HOA dues
- None
20% down ($50,000) · 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.
Located in Central Div Of Grand Rapids, Grand Rapids, MN.
About This Home
Welcome to this beautifully maintained 4-bedroom, 2-bath home offering the perfect combination of space, style, and convenience! Situated on a generously sized lot in a desirable Grand Rapids neighborhood, this move-in ready home features an open-concept upper level with rich hardwood floors, a spacious living room, and a bright kitchen and dining area designed for everyday living and entertaining. The private primary suite offers a walk-in closet and an attached full bath, creating a comfortable retreat at the end of the day. The finished walkout lower level includes three additional bedrooms, a second full bath, and a versatile bonus room complete with built-in cabinetry ideal for a home office, hobby space, or family room. Step outside to enjoy the fully fenced backyard, perfect for kids, pets, and summer gatherings, while the elevated deck provides a great spot for grilling or relaxing. A detached two-stall garage, attractive landscaping, and excellent curb appeal complete this fantastic property. Located just minutes from schools, parks, shopping, and all the amenities Grand Rapids has to offer, this home checks all the boxes for comfortable, convenient living. Don't miss your opportunity to make this exceptional property your next home!
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $188K and $313K in Grand Rapids:
- The field: 24 similar Grand Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 22 days — 1 of the last 14 inside 4 days.
- Negotiation: 52% of the last 27 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 27 real Grand Rapids closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1979
- Garage
- 2-Car Detached
- Style
- Split Entry (Bi-Level)
- HOA
- None
- Annual Taxes
- $2,675 (2026)
- Specials/yr
- $81
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 864
- Below Grade Sq Ft
- 864
- Lot Size
- 0.3 acres
- Basement
- Yes
- Roof
- Asphalt
- County
- Itasca
- List Date
- 2026-07-31
- Days on Market
- 73 days
- Parcel ID
- 914801830
Financial
- Total Tax incl. Assessments
- $2,756
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Baseboard, Hot Water
- Cooling
- Ductless Mini-Split
- Electric
- Circuit Breakers
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Appliances
- Dryer, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Washer
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 864 sqft
- Total Building Area
- 1,728 sqft
Exterior Features
- Exterior Features
- Vinyl
- Fenced Area
- Yes
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage, Gravel, Garage Door Opener
Lot & Land
- Lot Features
- Irregular Lot, Tree Coverage - Medium
- Road Surface
- City Street, Paved Streets
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- RE/MAX Advantage Plus
Price History
Reduced $40,000 (13.8%)
- Price reduced to $290,000 — Aug 17, 2026
- Price reduced to $275,000 — Aug 25, 2026
- Price reduced to $250,000 — Sep 11, 2026
405 SW 1st Avenue is listed in Grand Rapids, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 405 SW 1st 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 RE/MAX Advantage Plus · 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# 7119663 · Data refreshed September 30, 2026
Similar Homes for Sale Near 405 SW 1st Avenue, Grand Rapids, MN
Frequently Asked Questions About 405 SW 1st Avenue
- Is $250,000 a good price for a home in Grand Rapids?
- According to BuyPulse, 405 SW 1st Avenue rates Excellent Value — at $145/sqft it's priced 25% below the typical Grand Rapids single-family home of $193/sqft. Its negotiating-position score is 76/100 (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 405 SW 1st 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 $2,675/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 405 SW 1st Avenue have a basement?
- Yes, 405 SW 1st Avenue has a finished basement with 864 sq ft of below-grade space.
- What type of heating and cooling does 405 SW 1st Avenue have?
- 405 SW 1st Avenue has Baseboard, Hot Water heating and Ductless Mini-Split cooling.
- Where is 405 SW 1st Avenue located?
- 405 SW 1st Avenue is in the Central Div Of Grand Rapids neighborhood of Grand Rapids, MN 55744, in Itasca County.
- Is 405 SW 1st Avenue still available?
- Yes — 405 SW 1st Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 405 SW 1st Avenue built?
- 405 SW 1st Avenue was built in 1979. It features an asphalt roof and a block foundation.
- How walkable is 405 SW 1st Avenue?
- 405 SW 1st Avenue has a Walk Score of 52/100 (Somewhat Walkable) and a Bike Score of 51/100 (Somewhat Bikeable). Scores provided by Walk Score® →
- How many homes like 405 SW 1st Avenue are for sale in Grand Rapids?
- 24 similar homes (single-family homes between $188K and $313K in Grand Rapids) are for sale right now — you have options.
- How fast do homes like 405 SW 1st Avenue sell in Grand Rapids?
- Homes like this one (single-family homes between $188K and $313K in Grand Rapids) went pending in a median 22 days over the last 90 days — 1 of the last 14 went under contract within 4 days.
- Do homes in Grand Rapids sell for asking price?
- 52% of the last 27 comparable Grand Rapids 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 Grand Rapids area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/12/2026, 9:58 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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