520 SW 5th Avenue, Grand Rapids, MN 55744
7 Beds | 2 Baths | 3,792 Sq Ft | Single Family Home | MLS# 7081082
Is 520 SW 5th Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $95/sqft — This home is priced 51% below the typical Grand Rapids single-family home of $193/sqft.
Your Negotiating Position
76 — Strong buyer leverage
Day 127 — similar homes typically go under contract by day ~17. This one is past that window.
48% of recent sales closed at or over asking — about half hold full price.
27 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 84 active Grand Rapids listings · NorthstarMLS
$2,354/month Estimated
- Principal & interest
- $1,820
- Property taxes
- $316
- Home insurance (est.)
- $210
- Special assessments
- $8
- HOA dues
- None
20% down ($71,980) · 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 Woodland Add To Grand Rapids, Grand Rapids, MN.
About This Home
Are looking for a spacious home on over an acre in a Desirable SW Neighborhood, then this is the home for you! Welcome home to this impressive 7-bedroom, 2-bath property offering plenty of space for comfortable living in one of the area's most sought-after neighborhoods. Conveniently located near shopping, restaurants, and schools, this home combines size, location, and functionality. Inside, you'll find beautiful dining and living rooms upstairs, creating a warm and inviting space for gathering with family and friends. The recently remodeled bathrooms add modern style and convenience, while new windows throughout most of the home help enhance energy efficiency and natural light. This home is set on a 3 parcel property made up of 1.6 acers- now that's hard to find in town! Partially fenced backyard with plenty of room for entertaining, gardening, pets, or play. A spacious 2-stall garage provides additional storage and parking. With generous living space, thoughtful updates, and a prime location, this home offers endless possibilities for growing families, multi-generational living, or anyone looking for extra room to spread out. Don't miss your opportunity to make this spacious and well-maintained home your own!
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $270K and $450K in Grand Rapids:
- The field: 27 similar Grand Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 17 days — 4 of the last 11 inside 4 days.
- Negotiation: 48% of the last 21 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 21 real Grand Rapids closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1976
- Garage
- 2-Car Attached
- Style
- Two
- HOA
- None
- Annual Taxes
- $3,786 (2026)
- Specials/yr
- $94
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,896
- Below Grade Sq Ft
- 1,896
- Lot Size
- 1.6 acres
- Basement
- Yes
- Roof
- Age Over 8 Years, Asphalt
- County
- Itasca
- List Date
- 2026-06-08
- Days on Market
- 127 days
- Parcel ID
- 917251020
Financial
- Total Tax incl. Assessments
- $3,880
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
Interior Features
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 2,296 sqft
- Total Building Area
- 3,792 sqft
Exterior Features
- Exterior Features
- Fiber Board, Wood
- Fenced Area
- Yes
- Accessibility Features
- Other
Parking & Garage
- Parking Features
- Attached Garage
Lot & Land
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- MN DIRECT PROPERTIES
Price History
Listed at $359,900 on Jun 8, 2026 — No price changes
520 SW 5th Avenue is listed in Grand Rapids, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 520 SW 5th 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# 7081082 · Data refreshed August 16, 2026
Similar Homes for Sale Near 520 SW 5th Avenue, Grand Rapids, MN
Frequently Asked Questions About 520 SW 5th Avenue
- Is $359,900 a good price for a home in Grand Rapids?
- According to BuyPulse, 520 SW 5th Avenue rates Excellent Value — at $95/sqft it's priced 51% 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 520 SW 5th Avenue — and what do they mean?
- This property has $94/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 $3,786/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 520 SW 5th Avenue have a basement?
- Yes, 520 SW 5th Avenue has a basement with 1,896 sq ft of below-grade space.
- What type of heating and cooling does 520 SW 5th Avenue have?
- 520 SW 5th Avenue has Forced Air heating and Central Air cooling.
- Where is 520 SW 5th Avenue located?
- 520 SW 5th Avenue is in the Woodland Add neighborhood of Grand Rapids, MN 55744, in Itasca County.
- Is 520 SW 5th Avenue still available?
- Yes — 520 SW 5th Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 520 SW 5th Avenue built?
- 520 SW 5th Avenue was built in 1976. It features a block foundation.
- How many homes like 520 SW 5th Avenue are for sale in Grand Rapids?
- 27 similar homes (single-family homes between $270K and $450K in Grand Rapids) are for sale right now — you have options.
- How fast do homes like 520 SW 5th Avenue sell in Grand Rapids?
- Homes like this one (single-family homes between $270K and $450K in Grand Rapids) went pending in a median 17 days over the last 90 days — 4 of the last 11 went under contract within 4 days.
- Do homes in Grand Rapids sell for asking price?
- 48% of the last 21 comparable Grand Rapids sales closed at or over list price — about half hold full price. 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 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, 9:31 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.
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