525 3rd St SE, Perham, MN 56573
2 Beds | 2 Baths | 1,908 Sq Ft | Single Family Home | MLS# 7053412
$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
Is 525 3rd St SE a Good Deal?
At $113/sqft, this home is priced $60/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 $161K and $269K in Perham:
- The field: 7 similar Perham homes for sale — a short list right now.
- Price cuts: 5 of 7 similar homes have trimmed asking — median trim $10,000. This one hasn't budged.
- 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
- 1954
- Garage
- 2-Car
- Style
- One
- HOA
- None
- Annual Taxes
- $1,623 (2026)
- Specials/yr
- $85
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,046
- Below Grade Sq Ft
- 862
- Lot Size
- 0.26 acres
- Basement
- Yes
- Roof
- Asphalt
- Construction
- Concrete, Frame
- County
- Otter Tail
- List Date
- 2026-04-22
- Days on Market
- 178 days
- Parcel ID
- 77000990521000
Financial
- Total Tax incl. Assessments
- $1,708
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Baseboard, Hot Water
- Cooling
- Ductless Mini-Split
- Electric
- Circuit Breakers, Fuses
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Appliances
- Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Interior Features
- Laundry
- Lower Level, Laundry Room, Sink
Construction & Exterior
Construction & Structure
- Foundation Type
- 8 ft+ Pour
- Foundation Area
- 1,046 sqft
- Total Building Area
- 1,908 sqft
Exterior Features
- Exterior Features
- Engineered Wood
- Other Structures
- Garage(s), Lean-To, Workshop
- Accessibility Features
- Other
Parking & Garage
- Parking Features
- Attached Garage, Detached Garage, Concrete, Multiple Garages
Lot & Land
- Lot Features
- Tree Coverage - Light
- Topography
- Level
- Road Surface
- City Street, Paved Streets
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- Jack Chivers Realty
Price History
- Price reduced to $215,000 — Aug 10, 2026
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 September 8, 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 35% 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 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.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- 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?
- 7 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.
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.
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