711 Cherry Lane, Perham, MN 56573
2 Beds | 2 Baths | 1,340 Sq Ft | Single Family Home | MLS# 7105159
$1,883/month Estimated
- Principal & interest
- $1,653
- Property taxes
- $9
- Home insurance (est.)
- $191
- Special assessments
- $30 + pending
- HOA dues
- None
20% down ($65,380) · 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
Is 711 Cherry Lane a Good Deal?
At $244/sqft, this home is priced $4/sqft above the typical Perham new-construction single-family home of $240/sqft.
New construction in Perham runs about 39% above comparable resale homes (~$173/sqft).
The median list price in Perham is $369,700.
Verdict: Fair Market Value
Homes like this one — new-construction single-family homes between $245K and $409K in Perham:
- The field: 4 similar Perham homes for sale — a short list right now.
- Price cuts: none of the 4 similar homes have trimmed asking yet. This one hasn't budged — builder pricing usually doesn't. Negotiate upgrades and closing costs instead.
- 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
- 2026
- Garage
- 2-Car Attached
- Style
- One
- HOA
- None
- Annual Taxes
- $112 (2026)
- Specials/yr
- $358 + pending
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,340
- Lot Size
- 0.21 acres
- Basement
- No
- Roof
- Asphalt
- Construction
- Frame
- County
- Otter Tail
- List Date
- 2026-07-08
- Days on Market
- 101 days
- Parcel ID
- 77000992044000
Financial
- Total Tax incl. Assessments
- $470
- Specials Pending
- Yes
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Electric
- 200+ Amp Service
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Appliances
- Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Interior Features
- Laundry
- Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Construction & Exterior
Construction & Structure
- New Construction
- Yes
- Foundation Type
- Concrete Perimeter, ICFs (Insulated Concrete Forms), Slab
- Foundation Area
- 1,340 sqft
- Total Building Area
- 1,340 sqft
Exterior Features
- Exterior Features
- Brick Veneer, Vinyl
- Accessibility Features
- No Stairs External, No Stairs Internal
Parking & Garage
- Parking Features
- Attached Garage, Concrete, Garage Door Opener, Insulated Garage
Lot & Land
- Lot Features
- Underground Utilities
- Road Surface
- City Street, Curbs, No Outlet/Dead End, Paved Streets
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- New Horizons Realty Of Perham
Price History
Listed at $326,900 on Jul 8, 2026 — No price changes
711 Cherry Lane is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 711 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# 7105159 · Data refreshed September 29, 2026
Similar Homes for Sale Near 711 Cherry Lane, Perham, MN
Frequently Asked Questions About 711 Cherry Lane
- Is $326,900 a good price for a home in Perham?
- According to BuyPulse, 711 Cherry Lane rates Fair Market Value — at $244/sqft it's priced right at the typical Perham new-construction single-family home of $240/sqft. New construction in Perham runs about 39% above comparable resale homes (~$173/sqft). Powered by the Realgorithm™. Browse Perham homes for sale to compare.
- What are the special assessments at 711 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 $112/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.
- What type of heating and cooling does 711 Cherry Lane have?
- 711 Cherry Lane has Forced Air heating and Central Air cooling.
- Where is 711 Cherry Lane located?
- 711 Cherry Lane is in Perham, MN 56573, in Otter Tail County.
- Is 711 Cherry Lane still available?
- Yes — 711 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 711 Cherry Lane built?
- 711 Cherry Lane was built in 2026. It features frame construction, an asphalt roof, and a concrete perimeter, icfs (insulated concrete forms), slab foundation.
- Does 711 Cherry Lane have main-floor laundry?
- Yes — the laundry at 711 Cherry Lane is on the main level.
- How walkable is 711 Cherry Lane?
- 711 Cherry Lane has a Walk Score of 25/100 (Car-Dependent) and a Bike Score of 43/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 711 Cherry Lane are for sale in Perham?
- 4 similar homes (new-construction single-family homes between $245K and $409K 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.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.