525 3rd St SE, Perham, MN 56573
2 Beds | 2 Baths | 1,908 Sq Ft | Single Family Home | MLS# 7053412
Is 525 3rd St SE a Good Deal?
BuyPulse Verdict
Excellent Value
At $113/sqft — This home is priced 39% below the typical Perham single-family home of $185/sqft.
Your Negotiating Position
68 — Strong buyer leverage
Day 132 — Perham homes overall typically go under contract by day ~28. This one is past that window.
6 similar homes for sale — alternatives if they won't move.
Powered by the Realgorithm™ — 37 active Perham listings · NorthstarMLS
$1,354/month Estimated
- Principal & interest
- $1,087
- Property taxes
- $135
- Home insurance (est.)
- $125
- Special assessments
- $7
- 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 Paines Add, Perham, MN.
About This Home
AFFORDABLE YEAR-ROUND LIVING IN PERHAM! Located on the Southeast side of Perham just down the road from the Fairgrounds, this well-maintained home offers Space, Comfort, and Value in a Convenient Location. Set on a Large Lot with an Oversized Backyard, you’ll enjoy plenty of room for a Swing Set, Garden, or simply relaxing in the privacy of Mature Tree Coverage. Inside, the home offers 1,908 SqFt across two finished levels, filled with Natural Light and a functional layout. The Main Level features 2 Beds, a Full Bath, and a bright 3-Season Porch/Sunroom overlooking the backyard. Downstairs, the Finished Basement adds flexibility with a Second Bathroom, Ample Storage, and a Bonus Room that’s just an Egress Window away from becoming a 3rd Bedroom. Additional highlights include an Attached 13x21 Garage and a Detached 16x26 Garage with a Finished Shop Space perfect for hobbies or extra storage. Whether you’re searching for an Entry-Level Home or a Solid Addition to your Investment Portfolio, this property offers versatility and potential in a great location.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $161K and $269K 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
- 1954
- Above Grade
- 1,046 sq ft
- Below Grade
- 862 sq ft
- Lot Size
- 0.26 acres
- Lot Features
- Tree Coverage - Light
- Garage
- 2-car (Attached Garage, Detached Garage, Concrete, Multiple Garages)
- Heating
- Baseboard, Hot Water
- Cooling
- Ductless Mini-Split
- Basement
- Finished
- Appliances
- Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $1,623
- Special Assessments
- $85
- County
- Otter Tail
- Days on Market
- 132
525 3rd St SE is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 525 3rd St SE
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 Jack Chivers 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# 7053412 · Data refreshed August 12, 2026
Similar Homes for Sale Near 525 3rd St SE, Perham, MN
Frequently Asked Questions About 525 3rd St SE
- Is $215,000 a good price for a home in Perham?
- According to BuyPulse, 525 3rd St SE rates Excellent Value — at $113/sqft it's priced 39% below the typical Perham single-family home of $185/sqft. Its negotiating-position score is 68/100 (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 525 3rd St SE — and what do they mean?
- This property has $85/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 $1,623/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 525 3rd St SE have a basement?
- Yes, 525 3rd St SE has a finished basement with 862 sq ft of below-grade space.
- What type of heating and cooling does 525 3rd St SE have?
- 525 3rd St SE has Baseboard, Hot Water heating and Ductless Mini-Split cooling.
- Where is 525 3rd St SE located?
- 525 3rd St SE is in the Paines neighborhood of Perham, MN 56573, in Otter Tail County.
- Is 525 3rd St SE still available?
- Yes — 525 3rd St SE is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 525 3rd St SE built?
- 525 3rd St SE was built in 1954. It features concrete, frame construction, an asphalt roof, and a 8 ft+ pour foundation.
- Does 525 3rd St SE have main-floor laundry?
- No — the laundry at 525 3rd St SE is in the lower level.
- How walkable is 525 3rd St SE?
- 525 3rd St SE has a Walk Score of 59/100 (Somewhat Walkable) and a Bike Score of 44/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 525 3rd St SE are for sale in Perham?
- 6 similar homes (single-family homes between $161K and $269K 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.