51132 340th St, New York Mills, MN 56567
4 Beds | 2 Baths | 3,136 Sq Ft | Single Family Home | MLS# 7033664
Price Drop on M Markdowns — was $383,500 (↓ $16,500)
Is 51132 340th St a Good Deal?
BuyPulse Verdict
Excellent Value
At $117/sqft — This home is priced 42% below the typical New York Mills single-family home of $203/sqft.
Powered by the Realgorithm™ — 13 active New York Mills listings · NorthstarMLS
$2,348/month Estimated
- Principal & interest
- $1,856
- Property taxes
- $170
- Home insurance (est.)
- $214
- Special assessments
- $108
- HOA dues
- None
20% down ($73,400) · 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.
50 earns the badge · a typical active home here scores ~0
This home has sat well past the local pace — time is working in a buyer's favor.
- 173 days on market — more than double the usual 61 days
- Price cut 4.3% (−$16,500)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 11% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 19 vs 429 NorthstarMLS sales, updated monthly.
How the 0–100 Offer-Ready Score works →
Offer-Ready Score is a Modern Market REALTORS® calculation from NorthstarMLS listing data — not MLS-provided data.
About This Home
RENOVATED COUNTRY HOME WITH WOODS & PASTURE! Discover the perfect blend of Privacy & Modern Comfort with this beautifully Renovated Country Home set on 5.46 Acres just 9 minutes from New York Mills. With 3.75 Acres of Mature Woods & Established Trails winding throughout, the property offers a peaceful, secluded setting ideal for exploring, relaxing, and enjoying the outdoors. The open Pasture area provides excellent potential for a Hobby Farm, complete with a Lean-To Shed already in place. Step inside to find a fully updated home offering 4 Beds, 2 Full Baths, and 3,136 SqFt across two levels. The Beautifully Remodeled Kitchen features All-New Appliances, Cabinetry, a Center Island, and a Walk-In Pantry, creating a functional and inviting space for everyday living & entertaining. The Main Level Owner’s Suite includes a Walk-In Closet, Private Balcony, and an adjacent Bonus Room that would make an excellent home office or flex space. Downstairs, the Full Finished Basement offers a spacious Family Room, 2 Bedrooms, Laundry Room, and a Storage Room with direct access to the attached 14x24 Tuck-Under Garage. Additional Renovation Highlights include All-New Flooring throughout, fully Remodeled Bedrooms & Bathrooms, and a Brand-New Septic installed in 2024. With Modern Updates, Functional Land, and Peaceful Rural Surroundings, this property offers an Ideal Setting to enjoy Country Living with Room to Grow!
Key Features
- Property Type
- Single Family
- Year Built
- 1989
- Above Grade
- 1,736 sq ft
- Below Grade
- 1,400 sq ft
- Lot Size
- 5.46 acres
- Lot Features
- Suitable for Horses, Tillable, Tree Coverage - Medium
- Garage
- 1-car (Attached Garage, Tuckunder Garage)
- Heating
- Forced Air, Fireplace(s), Heat Pump
- Cooling
- Central Air
- Basement
- Finished
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Fuel Tank - Rented, Range, Refrigerator, Washer
- Sewer
- Mound Septic, Private Sewer, Septic System Compliant - Yes
- Water
- 4-Inch Submersible, Drilled, Private, Well
- Annual Taxes
- $2,043.06
- Special Assessments
- $1,301
- County
- Otter Tail
- Days on Market
- 172
51132 340th St is listed in New York Mills, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 51132 340th St
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your New York Mills real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
See all New York Mills homes ›
Listed by Jack Chivers Realty · 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# 7033664 · Data refreshed August 18, 2026
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Frequently Asked Questions About 51132 340th St
- Is $367,000 a good price for a home in New York Mills?
- According to BuyPulse, 51132 340th St rates Excellent Value — at $117/sqft it's priced 42% below the typical New York Mills single-family home of $203/sqft. Powered by the Realgorithm™. Browse New York Mills homes for sale to compare.
- What are the special assessments at 51132 340th St — and what do they mean?
- This property has $1,301/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 $2,043.06/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 51132 340th St have a basement?
- Yes, 51132 340th St has a finished basement with 1,400 sq ft of below-grade space.
- What type of heating and cooling does 51132 340th St have?
- 51132 340th St has Forced Air, Fireplace(s), Heat Pump heating and Central Air cooling.
- Where is 51132 340th St located?
- 51132 340th St is in New York Mills, MN 56567, in Otter Tail County.
- Is 51132 340th St still available?
- Yes — 51132 340th St is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 51132 340th St built?
- 51132 340th St was built in 1989. It features block, concrete, frame construction, an asphalt roof, and a block foundation.
- Does 51132 340th St have main-floor laundry?
- No — the laundry at 51132 340th St is in the lower level.
- 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 New York Mills area.