41474 460th Street, Perham, MN 56573
2 Beds | 2 Baths | 1,532 Sq Ft | Single Family Home | MLS# 7067028
M Markdowns — Price Reduced — was $225,000 (↓ $26,000)
$1,326/month Estimated
- Principal & interest
- $1,006
- Property taxes
- $95
- Home insurance (est.)
- $116
- Special assessments
- $109
- HOA dues
- None
20% down ($39,800) · 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 ~16
The price here has already come down — the numbers point to real room to negotiate.
- 166 days on market — more than double the usual 78 days
- Price cut 11.6% (−$26,000)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 12% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 79 vs 998 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.
Located in W Life Estate, Perham, MN.
About This Home
New Home on Schuster Lake with views that steal the show. Every evening feels like a painting as the sun drops over the water, creating a backdrop that never gets old. This solid block home offers a strong foundation and the perfect canvas for your vision, like a work of art waiting for the final brushstrokes to bring it to life. The setting is already masterpiece-level. Now it is your turn to add the detail and make it your dream lake home. Conveniently located just a short drive to Perham, Vergas, and Detroit Lakes. Come experience the potential for yourself. This home will need a new roof.
BuyPulse · Live market read
Is 41474 460th Street a Good Deal?
At $130/sqft, this home is priced $43/sqft below the typical Perham single-family home of $173/sqft.
The median list price in Perham is $369,700.
Verdict: Excellent Value
Homes like this one — single-family homes between $149K and $249K in Perham:
- The field: 5 similar Perham homes for sale — a short list right now.
- Price cuts: 3 of 5 similar homes have trimmed asking — median trim $10,000. This one already cut $26,000.
- 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
- 1960
- Garage
- 2-Car Attached
- Style
- One
- HOA
- None
- Annual Taxes
- $1,143.12 (2026)
- Specials/yr
- $1,313
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,032
- Below Grade Sq Ft
- 500
- Lot Size
- 5.67 acres
- Basement
- Yes
- County
- Otter Tail
- List Date
- 2026-05-04
- Days on Market
- 166 days
Financial
- Total Tax incl. Assessments
- $2,456
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- None
- Water
- Well
- Sewer
- Private Sewer
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,800 sqft
- Total Building Area
- 2,832 sqft
Exterior Features
- Exterior Features
- Block, Stone
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Attached Garage, Gravel
Lot & Land
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- eXp Realty
Price History
Reduced $26,000 (11.6%)
- Price reduced to $225,000 — Jun 20, 2026
- Price reduced to $199,000 — Aug 27, 2026
41474 460th Street is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 41474 460th Street
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# 7067028 · Data refreshed August 27, 2026
Similar Homes for Sale Near 41474 460th Street, Perham, MN
Frequently Asked Questions About 41474 460th Street
- Is $199,000 a good price for a home in Perham?
- According to BuyPulse, 41474 460th Street rates Excellent Value — at $130/sqft it's priced 25% below the typical Perham single-family home of $173/sqft. Powered by the Realgorithm™. Browse Perham homes for sale to compare.
- What are the special assessments at 41474 460th Street — and what do they mean?
- This property has $1,313/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 $1,143.12/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 41474 460th Street have a basement?
- Yes, 41474 460th Street has a basement with 500 sq ft of below-grade space.
- What type of heating and cooling does 41474 460th Street have?
- 41474 460th Street has Forced Air heating and None cooling.
- Where is 41474 460th Street located?
- 41474 460th Street is in the W Life Estate neighborhood of Perham, MN 56573, in Otter Tail County.
- Is 41474 460th Street still available?
- Yes — 41474 460th Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 41474 460th Street built?
- 41474 460th Street was built in 1960. It features a block foundation.
- How walkable is 41474 460th Street?
- 41474 460th Street has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 30/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 41474 460th Street are for sale in Perham?
- 5 similar homes (single-family homes between $149K and $249K 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 10/17/2026, 6:09 PM 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.
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.