457 2nd Street SW, Perham, MN 56573
3 Beds | 2 Baths | 1,804 Sq Ft | Single Family Home | MLS# 7137514
Is 457 2nd Street SW a Good Deal?
BuyPulse Verdict
Excellent Value
At $102/sqft — This home is priced 45% below the typical Perham single-family home of $185/sqft.
Your Negotiating Position
52 — Balanced market
Day 18 — Perham homes overall typically go under contract by day ~23.
6 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 43 active Perham listings · NorthstarMLS
$1,127/month Estimated
- Principal & interest
- $933
- Property taxes
- $86
- Home insurance (est.)
- $108
- HOA dues
- None
20% down ($36,900) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Wallace & Jungs Add, Perham, MN.
About This Home
Affordable and move-in ready in a convenient Perham location! This well-kept 3-bedroom home sits on a corner lot close to Perham’s schools, parks, shopping and other amenities. The main floor offers two bedrooms, a comfortable living room and a functional layout that makes great use of the space. The lower level adds a third bedroom, bathroom and family room or den, providing some welcome additional living space. Outside, you’ll appreciate the updated exterior, newer front deck, backyard storage shed and detached 2-car garage. Whether you’re looking for your first home, ready to downsize or simply searching for an affordable home in a great location, this property is worth a look!
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $138K and $231K in Perham:
- The field: 6 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
- 1932
- Above Grade
- 902 sq ft
- Below Grade
- 902 sq ft
- Lot Size
- 0.21 acres
- Lot Features
- Corner Lot
- 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
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $1,030
- County
- Otter Tail
- Days on Market
- 18
457 2nd Street SW is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 457 2nd Street 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 Real Estate Results · 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# 7137514 · Data refreshed September 4, 2026
Similar Homes for Sale Near 457 2nd Street SW, Perham, MN
Frequently Asked Questions About 457 2nd Street SW
- Is $184,500 a good price for a home in Perham?
- According to BuyPulse, 457 2nd Street SW rates Excellent Value — at $102/sqft it's priced 45% below the typical Perham single-family home of $185/sqft. Its negotiating-position score is 52/100 (Balanced market), 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.
- Does 457 2nd Street SW have a basement?
- Yes, 457 2nd Street SW has a basement with 902 sq ft of below-grade space.
- What type of heating and cooling does 457 2nd Street SW have?
- 457 2nd Street SW has Forced Air heating and Central Air cooling.
- Where is 457 2nd Street SW located?
- 457 2nd Street SW is in the Wallace & Jungs neighborhood of Perham, MN 56573, in Otter Tail County.
- Is 457 2nd Street SW still available?
- Yes — 457 2nd Street SW is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 457 2nd Street SW built?
- 457 2nd Street SW was built in 1932. It features frame construction, an asphalt roof, and a poured concrete foundation.
- Does 457 2nd Street SW have main-floor laundry?
- No — the laundry at 457 2nd Street SW is in the lower level.
- How many homes like 457 2nd Street SW are for sale in Perham?
- 6 similar homes (single-family homes between $138K and $231K in Perham) are for sale right now — a short list right now.
- 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.