503 Summit Ave
Fergus Falls, MN 56537
5 bd 3 ba 1,865 sqft Built 1950 Lot 10,650 sqft single_family
Most recent sale
$142,500
Oct 31, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 31, 2022 | Sold | $142,500 | MLS #6204599 |
| Jul 19, 2022 | Price changed | $154,900 | MLS #6204599 |
| Jun 10, 2022 | Listed | $159,900 | MLS #6204599 |
| Jun 3, 2022 | Listed | $159,900 | MLS #6204599 |
| Mar 12, 2021 | Sold | $122,500 | MLS #20-32624 |
| Feb 3, 2021 | Price changed | $129,900 | MLS #20-32624 |
| Jan 28, 2021 | Listed | $139,900 | MLS #20-32624 |
| Jul 18, 2018 | Sold | $109,000 | MLS #05-50 |
| Feb 23, 2005 | Listed | $114,000 | MLS #05-50 |
| Feb 23, 2005 | Sold | $109,000 | MLS #05-50 |
| Jan 12, 2005 | Listed | $114,000 | MLS #05-50 |
| Jul 3, 1998 | Listing removed | $75,900 | LakeRegionMN |
| Jan 29, 1998 | Listed | $75,900 | MLS #98-60 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2021 | $112,700 | $16,700 | $129,400 | $2,292 |
| 2020 | $112,700 | $16,700 | $129,400 | $2,270 |
| 2019 | $105,700 | $16,700 | $122,400 | $2,194 |
| 2018 | $102,100 | $16,700 | $118,800 | $1,958 |
| 2017 | $94,100 | $14,500 | $108,600 | $1,908 |
| 2016 | $92,100 | $14,500 | $106,600 | $1,796 |
| 2015 | $87,000 | $14,500 | $101,500 | $1,722 |
| 2014 | $84,800 | $14,500 | $99,300 | $1,620 |
| 2013 | $85,800 | $14,500 | $100,300 | $1,720 |
| 2012 | $86,800 | $14,500 | $101,300 | $1,698 |
| 2011 | $89,700 | $14,500 | $104,200 | $1,620 |
| 2007 | $89,500 | $12,900 | $102,400 | $1,350 |
Property facts
Year built
1950
Property type
single_family
Stories
1
Beds
5
Baths
3
Living area
1,865 sqft
Lot size
10,650 sqft
ZIP code
56537
City
Fergus Falls
Street
Summit Ave
Coordinates
46.28526, -96.08159
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$855
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
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Frequently asked questions
When did 503 Summit Ave last sell?
503 Summit Ave most recently sold on Oct 31, 2022 for $142,500.
What is the current tax assessment for 503 Summit Ave?
The most recent total assessment for 503 Summit Ave (year 2021) is $129,400 with $2,292 in property tax.
How does 503 Summit Ave's assessment compare to its last sale price?
The current assessment is 9.2% below the last sale price of $142,500.
When was 503 Summit Ave built?
503 Summit Ave was built in 1950.
How does 503 Summit Ave compare to others on Summit Ave?
We track 8 other properties on Summit Ave. Browse the list under "Other properties on Summit Ave" to compare beds, baths, and sale history.
What are the property facts for 503 Summit Ave?
503 Summit Ave is a 5 bed, 3 bath, 1,865 sqft, 10,650 sqft lot single_family.
Is 503 Summit Ave a flip candidate?
No — 503 Summit Ave does not appear in our flips dataset.
Is 503 Summit Ave a tax-appeal candidate?
No — 503 Summit Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+7.6%
Implied 1-yr
+30.4%
2026 Q3
$371.6K
2026 Q4
$390.5K
ZIP 56537 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Summit Ave