505 Western Avenue N, Park Rapids, MN 56470
3 Beds | 2 Baths | 1,554 Sq Ft | Single Family Home | MLS# 7071864
Is 505 Western Avenue N a Good Deal?
BuyPulse Verdict
Excellent Value
At $161/sqft — This home is priced 25% below the typical Park Rapids single-family home of $216/sqft.
Your Negotiating Position: 68 — Strong buyer leverage
Powered by the Realgorithm™ — 69 active Park Rapids listings · NorthstarMLS
$1,544/month Estimated
- Principal & interest
- $1,264
- Property taxes
- $114
- Home insurance (est.)
- $146
- Special assessments
- $20
- HOA dues
- None
20% down ($49,980) · 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.
About This Home
This three bedroom/two bath home has the best of both worlds, conveniently located just minutes from all of Park Rapids amenities yet quietly situated on the edge of town. This property is ready to move in or be remodeled with your own personal vision. Beautiful lot with a large park-like yard. Also within walking distance to Century School. Come and check this one out today! Additional adjoining lots available, call for details.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $187K and $312K in Park Rapids:
- The field: 13 similar Park Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 8 days — 5 of the last 10 inside 4 days.
- Negotiation: 53% of the last 15 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 15 real Park Rapids closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1972
- Above Grade
- 1,554 sq ft
- Lot Size
- 1.58 acres
- Garage
- 2-car (Detached Garage)
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Yes
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
- Sewer
- Tank with Drainage Field
- Water
- Sand Point
- Annual Taxes
- $1,371
- Special Assessments
- $245
- County
- Hubbard
- Days on Market
- 109
505 Western Avenue N is listed in Park Rapids, MN, part of Hubbard County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 505 Western Avenue N
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Park Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Affinity Real Estate Inc. · 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# 7071864 · Data refreshed August 13, 2026
Similar Homes for Sale Near 505 Western Avenue N, Park Rapids, MN
Frequently Asked Questions About 505 Western Avenue N
- Is $249,900 a good price for a home in Park Rapids?
- According to BuyPulse, 505 Western Avenue N rates Excellent Value — at $161/sqft it's priced 25% below the typical Park Rapids single-family home of $216/sqft. Its negotiating-position score is 68/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Park Rapids homes are closing versus list. Powered by the Realgorithm™. Browse Park Rapids homes for sale to compare.
- What are the special assessments at 505 Western Avenue N — and what do they mean?
- This property has $245/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 $1,371/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 505 Western Avenue N have a basement?
- Yes, 505 Western Avenue N has a basement.
- What type of heating and cooling does 505 Western Avenue N have?
- 505 Western Avenue N has Forced Air heating and Central Air cooling.
- Where is 505 Western Avenue N located?
- 505 Western Avenue N is in Park Rapids, MN 56470, in Hubbard County.
- Is 505 Western Avenue N still available?
- Yes — 505 Western Avenue N is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 505 Western Avenue N built?
- 505 Western Avenue N was built in 1972. It features block, frame construction and a block foundation.
- Does 505 Western Avenue N have main-floor laundry?
- Yes — the laundry at 505 Western Avenue N is on the main level.
- How walkable is 505 Western Avenue N?
- 505 Western Avenue N has a Walk Score of 17/100 (Car-Dependent) and a Bike Score of 30/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 505 Western Avenue N are for sale in Park Rapids?
- 13 similar homes (single-family homes between $187K and $312K in Park Rapids) are for sale right now — you have options.
- How fast do homes like 505 Western Avenue N sell in Park Rapids?
- Homes like this one (single-family homes between $187K and $312K in Park Rapids) went pending in a median 8 days over the last 90 days — 5 of the last 10 went under contract within 4 days.
- Do homes in Park Rapids sell for asking price?
- 53% of the last 15 comparable Park 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 Park Rapids area.