707 Cherry Lane, Perham, MN 56573
M Premiere — Just Listed — listed September 3, 2026
2 Beds | 2 Baths | 1,340 Sq Ft | Single Family Home | MLS# 7137879
Is 707 Cherry Lane a Good Deal?
BuyPulse Verdict
Fair Market Value
At $246/sqft — This home is priced right at the typical Perham new-construction single-family home of $240/sqft.
New construction in Perham runs about 35% above comparable resale homes (~$178/sqft).
Powered by the Realgorithm™ — 6 active Perham listings · NorthstarMLS
$1,898/month Estimated
- Principal & interest
- $1,668
- Property taxes
- $8
- Home insurance (est.)
- $192
- Special assessments
- $30 + pending
- HOA dues
- None
20% down ($65,980) · 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.
New Construction
About This Home
Be one of the first homeowners in this new 8-home development on Cherry Lane! This beautifully designed one-level home features 2 bedrooms, 2 bathrooms and an open-concept floor plan...perfect for comfortable everyday living and entertaining. Enjoy a maintenance-free exterior, high efficiency furnace, central air and an attached and insulated two-stall garage. The kitchen comes complete with stainless steel appliances and flows seamlessly into the dining and living areas. Conveniently close to the hospital, walking trails and easy Highway 10 access. Special assessments may be waived for qualified Buyers based on income eligibility. Don't miss this opportunity to own a brand-new home in a great location!
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $247K and $412K in Perham:
- The field: 4 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
- 2026
- Above Grade
- 1,340 sq ft
- Lot Size
- 0.19 acres
- Lot Features
- Underground Utilities
- Garage
- 2-car (Attached Garage, Concrete, Garage Door Opener, Insulated Garage)
- Heating
- Forced Air
- Cooling
- Central Air
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $98
- Special Assessments
- $358
- County
- Otter Tail
- Days on Market
- 1
707 Cherry Lane is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 707 Cherry Lane
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 New Horizons Realty Of Perham · 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# 7137879 · Data refreshed September 4, 2026
Similar Homes for Sale Near 707 Cherry Lane, Perham, MN
Frequently Asked Questions About 707 Cherry Lane
- Is $329,900 a good price for a home in Perham?
- According to BuyPulse, 707 Cherry Lane rates Fair Market Value — at $246/sqft it's priced right at the typical Perham new-construction single-family home of $240/sqft. New construction in Perham runs about 35% above comparable resale homes (~$178/sqft). Powered by the Realgorithm™. Browse Perham homes for sale to compare.
- What are the special assessments at 707 Cherry Lane — and what do they mean?
- This property has $358/yr in annual special assessments with additional 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 $98/yr. Always factor both into your total monthly housing cost before making an offer.
- What type of heating and cooling does 707 Cherry Lane have?
- 707 Cherry Lane has Forced Air heating and Central Air cooling.
- Where is 707 Cherry Lane located?
- 707 Cherry Lane is in Perham, MN 56573, in Otter Tail County.
- Is 707 Cherry Lane still available?
- Yes — 707 Cherry Lane is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 707 Cherry Lane built?
- 707 Cherry Lane was built in 2026. It features frame construction, an asphalt roof, and a concrete perimeter, icfs (insulated concrete forms), slab foundation.
- Does 707 Cherry Lane have main-floor laundry?
- Yes — the laundry at 707 Cherry Lane is on the main level.
- How many homes like 707 Cherry Lane are for sale in Perham?
- 4 similar homes (single-family homes between $247K and $412K in Perham) are for sale right now — a short list right now.
- What does "M Premiere" mean?
- M Premiere™ is Modern Market REALTORS®’ early-access tracker for homes entering NorthstarMLS during the critical first 96 hours on market. Well-priced homes in Fargo-Moorhead frequently receive their strongest buyer attention in that opening window. M Premiere surfaces new inventory the moment it lists — so buyers can act before a home becomes widely discovered.
- 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.