331 4th Avenue SW, Perham, MN 56573
Single Family Home for Sale in Perham, MN 2 Beds | 2 Baths | 1,184 Sq Ft
M Markdowns — Price Reduced — was $225,000 (↓ $20,000)
$1,401/month Estimated
- Principal & interest
- $1,118
- Property taxes
- $163
- Home insurance (est.)
- $120
- HOA dues
- None
20% down ($41,000) · 30-yr fixed, 7.24%
Try our home affordability calculator
Estimates only; confirm before you offer.
Located in A A Whites Add, Perham, MN.
About This Home
Simplicity, comfort, and easy living come together in this charming 2-bedroom, 1¼-bath single-level home — a perfect fit for first-time buyers or anyone ready to downsize without compromise. At the center of it all is an open-concept kitchen flowing seamlessly into the living room, creating a bright and inviting space for everyday living and effortless entertaining. A sunroom offers a peaceful retreat overlooking the well-maintained backyard and garden area, mostly fenced for privacy — a lovely spot to enjoy your morning coffee or watch the seasons change. Downstairs, a storm shelter with a convenient ¼ bath adds valuable peace of mind and extra functionality. Outside, a detached 2-stall garage provides ample storage and parking, rounding out this thoughtfully designed home. This is easy living, done right.
BuyPulse · Live market read
How 331 4th Avenue SW Compares to the Perham Market
At $173/sqft, this home is priced $6/sqft below the typical Perham single-family home of $179/sqft.
The median list price in Perham is $369,500.
Verdict: Strong Value
Homes like this one — single-family homes between $154K and $256K in Perham:
- The field: 6 similar Perham homes for sale — a short list right now.
- Price cuts: 4 of 6 similar homes have trimmed asking — median trim $10,000. This one already cut $20,000.
- Too few have sold recently to chart how fast they go or how they close — BuyPulse won't estimate those off a thin sample.
Powered by the Realgorithm™ — real Perham closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1930
- Garage
- 2-Car Detached
- Style
- One
- HOA
- None
- Annual Taxes
- $1,958 (2026)
Neighborhood & Schools
- Neighborhood
- A A Whites
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,112
- Below Grade Sq Ft
- 72
- Lot Size
- 0.142 acres
- Basement
- Yes
- County
- Otter Tail
- List Date
- 2026-09-09
- Days on Market
- 64 days
- Parcel ID
- 77000990709001
Financial
- Total Tax incl. Assessments
- $1,958
Home Systems & Utilities
- Heating
- Baseboard, Ductless Mini-Split
- Cooling
- Ductless Mini-Split
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
Interior Features
- Laundry
- In Kitchen
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,112 sqft
- Total Building Area
- 1,184 sqft
Exterior Features
- Exterior Features
- Vinyl
- Accessibility Features
- Other
Parking & Garage
- Parking Features
- Detached Garage, Asphalt
Lot & Land
- Road Surface
- City Street
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- eXp Realty
Price History
- Price reduced to $205,000 — Oct 6, 2026
331 4th Avenue SW is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 331 4th Avenue SW
Associate Broker · Modern Market REALTORS®
Your Perham real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by eXp 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# 7141011 · Updated October 6, 2026
Similar Homes for Sale Near 331 4th Avenue SW, Perham, MN
- 434 5th Street SW — $209,900 · 5 bed · 3 bath
- 411 6th Avenue SW — $240,000 · 3 bed · 3 bath
- 452 4th St NW — $249,000 · 3 bed · 2 bath
- 447 2nd Ave NE — $219,000 · 3 bed · 1 bath
- 525 3rd St SE — $215,000 · 2 bed · 2 bath
- 42269 State Hwy 78 — $264,900 · 3 bed · 2 bath
- 41474 460th Street — $199,000 · 2 bed · 2 bath
Frequently Asked Questions About 331 4th Avenue SW
- Is $205,000 a good price for a home in Perham?
- According to BuyPulse, 331 4th Avenue SW rates Strong Value — at $173/sqft it's priced right at the typical Perham single-family home of $179/sqft. Powered by the Realgorithm™. Browse Perham homes for sale to compare.
- Does 331 4th Avenue SW have a basement?
- Yes, 331 4th Avenue SW has a basement with 72 sq ft of below-grade space.
- What type of heating and cooling does 331 4th Avenue SW have?
- 331 4th Avenue SW has Baseboard, Ductless Mini-Split heating and Ductless Mini-Split cooling.
- Where is 331 4th Avenue SW located?
- 331 4th Avenue SW is in the A A Whites neighborhood of Perham, MN 56573, in Otter Tail County.
- Is 331 4th Avenue SW still available?
- Yes — 331 4th Avenue SW is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 331 4th Avenue SW built?
- 331 4th Avenue SW was built in 1930. It features a block foundation.
- How many homes like 331 4th Avenue SW are for sale in Perham?
- 6 similar homes (single-family homes between $154K and $256K in Perham) are for sale right now — a short list right now.
- 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 Perham area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 11/12/2026, 2:22 PM CST. 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.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.