506 Central Avenue S, Park Rapids, MN 56470
3 Beds | 2 Baths | 1,232 Sq Ft | Single Family Home | MLS# 7097927
Price Drop on M Markdowns — was $224,000 (↓ $9,000)
Is 506 Central Avenue S a Good Deal?
BuyPulse Verdict
Excellent Value
At $175/sqft — This home is priced 19% below the typical Park Rapids single-family home of $216/sqft.
Your Negotiating Position: 80 — Strong buyer leverage
Powered by the Realgorithm™ — 69 active Park Rapids listings · NorthstarMLS
$1,347/month Estimated
- Principal & interest
- $1,087
- Property taxes
- $115
- Home insurance (est.)
- $125
- Special assessments
- $20
- HOA dues
- None
20% down ($43,000) · 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 Steinmetz & Narys Add, Park Rapids, MN.
About This Home
Refreshed and move-in ready, this 3-bedroom, 2-bath manufactured home offers the perfect blend of comfort, style, and space. Inside, you'll find an updated kitchen, new flooring throughout, updated bathrooms, and fresh paint that gives the entire home a bright, modern feel. The primary suite features its own private bath, creating a comfortable retreat at the end of the day. Step outside to enjoy your morning coffee on the welcoming front deck, while the single garage, carport, storage shed, and additional miscellaneous shed provide plenty of room for vehicles, tools, toys, or even a charming playhouse. Located within the city limits, this property offers the rare bonus of a stunning 1.88-acre corner lot shaded by towering Norway pines and majestic oak trees, giving you the feeling of country living with the convenience of town just minutes away. Home is on city water and city sewer but also has a drilled well for outdoor watering projects. If you've been searching for an affordable home with modern updates and an incredible yard, this one is a must-see!
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $161K and $269K in Park Rapids:
- The field: 15 similar Park Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 12 days — 3 of the last 8 inside 4 days.
Powered by the Realgorithm™ — real Park Rapids closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 2001
- Above Grade
- 1,232 sq ft
- Lot Size
- 1.88 acres
- Lot Features
- Corner Lot, Tree Coverage - Medium
- Garage
- 1-car (Carport, Detached Garage)
- Heating
- Forced Air
- Cooling
- Central Air
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected, Drilled, Private, Well
- Annual Taxes
- $1,379
- Special Assessments
- $245
- County
- Hubbard
- Days on Market
- 59
506 Central Avenue S is listed in Park Rapids, MN, part of Hubbard County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 506 Central Avenue S
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 Keller Williams Realty Professionals · 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# 7097927 · Data refreshed August 28, 2026
Similar Homes for Sale Near 506 Central Avenue S, Park Rapids, MN
Frequently Asked Questions About 506 Central Avenue S
- Is $215,000 a good price for a home in Park Rapids?
- According to BuyPulse, 506 Central Avenue S rates Excellent Value — at $175/sqft it's priced 19% below the typical Park Rapids single-family home of $216/sqft. Its negotiating-position score is 80/100 (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 506 Central Avenue S — 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 $1,379/yr. Always factor both into your total monthly housing cost before making an offer.
- What type of heating and cooling does 506 Central Avenue S have?
- 506 Central Avenue S has Forced Air heating and Central Air cooling.
- Where is 506 Central Avenue S located?
- 506 Central Avenue S is in the Steinmetz & Narys neighborhood of Park Rapids, MN 56470, in Hubbard County.
- Is 506 Central Avenue S still available?
- Yes — 506 Central Avenue S is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 506 Central Avenue S built?
- 506 Central Avenue S was built in 2001. It features frame, steel siding construction and a permanent, pillar/post/pier foundation.
- Does 506 Central Avenue S have main-floor laundry?
- Yes — the laundry at 506 Central Avenue S is on the main level.
- How walkable is 506 Central Avenue S?
- 506 Central Avenue S has a Walk Score of 37/100 (Car-Dependent) and a Bike Score of 28/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 506 Central Avenue S are for sale in Park Rapids?
- 15 similar homes (single-family homes between $161K and $269K in Park Rapids) are for sale right now — you have options.
- How fast do homes like 506 Central Avenue S sell in Park Rapids?
- Homes like this one (single-family homes between $161K and $269K in Park Rapids) went pending in a median 12 days over the last 90 days — 3 of the last 8 went under contract within 4 days.
- 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 Park Rapids area.