538 Summit Ave
Fergus Falls, MN 56537
2 bd 1 ba 904 sqft Built 1948 Lot 7,754 sqft single_family
Most recent sale
$114,500
Jul 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 7, 2024 | Sold | $165,000 | NorthstarMLS |
| Jul 1, 2022 | Sold | $114,500 | MLS #6182906 |
| Jun 10, 2022 | Listed | $114,500 | MLS #6182906 |
| Apr 21, 2022 | Listed | $114,500 | MLS #6182906 |
| Oct 10, 2014 | Sold | $72,900 | MLS #20-12729 |
| Jul 2, 2014 | Relisted | $72,900 | MLS #20-12729 |
| Jun 30, 2014 | Listing removed | $74,900 | LakeRegionMN |
| May 27, 2014 | Price changed | $74,900 | MLS #20-12729 |
| Apr 28, 2014 | Listed | $78,900 | MLS #20-12729 |
| Jan 1, 2014 | Sold | $72,900 | Public Record |
| Jul 26, 2004 | Sold | $67,000 | MLS #04-1131 |
| Jun 8, 2004 | Listed | $76,900 | MLS #04-1131 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | — | — | $107,600 | $1,076 |
| 2022 | — | — | $96,400 | $964 |
| 2021 | — | — | $53,900 | $848 |
| 2020 | — | — | $47,600 | $790 |
| 2019 | — | — | $45,500 | $754 |
| 2018 | — | — | $41,500 | $664 |
| 2017 | — | — | $41,500 | $664 |
| 2016 | — | — | $40,000 | $632 |
| 2015 | — | — | $39,200 | $608 |
| 2014 | — | — | $39,700 | $562 |
| 2007 | $58,500 | $10,000 | $68,500 | $464 |
Property facts
Year built
1948
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
904 sqft
Lot size
7,754 sqft
ZIP code
56537
City
Fergus Falls
Street
Summit Ave
Coordinates
46.28593, -96.08339
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,356
Gross rental yield
14.21%
Implied cap rate
9.24%
Trend-extrapolated value
—
Frequently asked questions
When did 538 Summit Ave last sell?
538 Summit Ave most recently sold on Jul 1, 2022 for $114,500.
What is the current tax assessment for 538 Summit Ave?
The most recent total assessment for 538 Summit Ave (year 2023) is $107,600 with $1,076 in property tax.
How does 538 Summit Ave's assessment compare to its last sale price?
The current assessment is 6.0% below the last sale price of $114,500.
When was 538 Summit Ave built?
538 Summit Ave was built in 1948.
How does 538 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 538 Summit Ave?
538 Summit Ave is a 2 bed, 1 bath, 904 sqft, 7,754 sqft lot single_family.
Is 538 Summit Ave a flip candidate?
Yes — 538 Summit Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 538 Summit Ave a tax-appeal candidate?
No — 538 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