612 5th Avenue SW, Perham, MN 56573
4 Beds | 2 Baths | 2,272 Sq Ft | Single Family Home | MLS# 7040275
Price Reduced — was $299,900 (↓ $20,000) · M Markdowns
Is 612 5th Avenue SW a Good Deal?
BuyPulse Verdict
Excellent Value
At $123/sqft — This home is priced 34% below the typical Perham single-family home of $185/sqft.
Your Negotiating Position
80 — Strong buyer leverage
Day 165 — Perham homes overall typically go under contract by day ~28. This one is past that window.
11 similar homes for sale — alternatives if they won't move.
This seller already cut $20,000 — motivation showing.
Powered by the Realgorithm™ — 37 active Perham listings · NorthstarMLS
$1,747/month Estimated
- Principal & interest
- $1,415
- Property taxes
- $169
- Home insurance (est.)
- $163
- HOA dues
- None
20% down ($55,980) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
50 earns the badge · a typical active home here scores ~5
This home has sat well past the local pace — time is working in a buyer's favor.
- 166 days on market — more than triple the usual 51 days
- Price cut 6.7% (−$20,000)
- 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 Krauss Park Add, Perham, MN.
About This Home
One Owner home available for the 1st time Located across from the highly desired Krauss Park. This home has been meticulously cared for over the years. 3 Bedrooms and Full bath on the Main level with Additional bedroom and 3/4 bath in the Finished Lower Level. Large Corner Lot, Mature yard with extensive landscaping already done, Updated Kitchen with Granite Counters. This home is Move in Ready, just waiting for its new owners.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $210K and $350K in Perham:
- The field: 11 similar Perham homes for sale — you have options.
Powered by the Realgorithm™ — real Perham closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1969
- Above Grade
- 1,196 sq ft
- Below Grade
- 1,076 sq ft
- Lot Size
- 0.32 acres
- Lot Features
- Corner Lot
- Garage
- 2-car (Attached Garage)
- Heating
- Boiler
- Cooling
- Wall Unit(s)
- Basement
- Finished
- Appliances
- Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $2,026
- County
- Otter Tail
- Days on Market
- 165
612 5th Avenue SW is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 612 5th Avenue 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 Keller Williams Realty Profess · 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# 7040275 · Data refreshed August 28, 2026
Similar Homes for Sale Near 612 5th Avenue SW, Perham, MN
Frequently Asked Questions About 612 5th Avenue SW
- Is $279,900 a good price for a home in Perham?
- According to BuyPulse, 612 5th Avenue SW rates Excellent Value — at $123/sqft it's priced 34% below the typical Perham single-family home of $185/sqft. Its negotiating-position score is 80/100 (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.
- Does 612 5th Avenue SW have a basement?
- Yes, 612 5th Avenue SW has a finished basement with 1,076 sq ft of below-grade space.
- What type of heating and cooling does 612 5th Avenue SW have?
- 612 5th Avenue SW has Boiler heating and Wall Unit(s) cooling.
- Where is 612 5th Avenue SW located?
- 612 5th Avenue SW is in the Krauss Park neighborhood of Perham, MN 56573, in Otter Tail County.
- Is 612 5th Avenue SW still available?
- Yes — 612 5th Avenue SW is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 612 5th Avenue SW built?
- 612 5th Avenue SW was built in 1969. It features a block foundation.
- How many homes like 612 5th Avenue SW are for sale in Perham?
- 11 similar homes (single-family homes between $210K and $350K in Perham) are for sale right now — you have options.
- 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.