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)
Is 41474 460th Street a Good Deal?
BuyPulse Verdict
Excellent Value
At $130/sqft — This home is priced 30% below the typical Perham single-family home of $185/sqft.
Your Negotiating Position
76 — Strong buyer leverage
Day 120 — Perham homes overall typically go under contract by day ~28. This one is past that window.
3 similar homes for sale — alternatives if they won't move.
This seller already cut $26,000 — motivation showing.
Powered by the Realgorithm™ — 37 active Perham listings · NorthstarMLS
$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 ~5
The price here has already come down — the numbers point to real room to negotiate.
- 121 days on market — more than double the usual 51 days
- Price cut 11.6% (−$26,000)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 13% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 29 vs 742 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
Homes like this one — single-family homes between $149K and $249K in Perham:
- The field: 3 similar Perham homes for sale — a short list right now.
Powered by the Realgorithm™ — real Perham closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1960
- Above Grade
- 1,032 sq ft
- Below Grade
- 500 sq ft
- Lot Size
- 5.67 acres
- Garage
- 2-car (Attached Garage, Gravel)
- Heating
- Forced Air
- Cooling
- None
- Basement
- Yes
- Sewer
- Private Sewer
- Water
- Well
- Annual Taxes
- $1,143.12
- Special Assessments
- $1,313
- County
- Otter Tail
- Days on Market
- 120
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 30% below the typical Perham single-family home of $185/sqft. Its negotiating-position score is 76/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Perham homes are closing versus list. 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.
- 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?
- 3 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.