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514 1st Ave NE, East Grand Forks, MN, 56721

4beds
3baths
2,578sqft
$294,900
$114price/sqft
$2,171/moest. monthly cost
$86,840/yrincome needed

About This Home

Completely renovated and full of character, this home offers an inviting open layout with a spacious living room featuring a fireplace and abundant natural light flowing into the dining area and kitchen. The beautifully updated kitchen includes stylish cabinetry, stainless steel appliances, and new countertops. The main level features three bedrooms and a fully renovated bathroom with impressive space and finishes. New flooring runs throughout the home, along with a new forced air furnace, central air system and water heater. The lower level offers a large primary suite with an additional half bath and a huge utility room providing excellent storage. Outside, enjoy the expansive front deck, fantastic curb appeal, and a nice double garage with alley access and a brand new roof. This is a thoughtfully updated home with attention to detail and charm at every turn. You'll love the parking pad that is perfect for parking your camper, boat or the cars.

Getting Around

62
WalkingSomewhat Walkable
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

--
New Heights ElementaryGrades PK-20.8 mi
8/10
Central Middle SchoolGrades 6-82.4 mi

Construction

Condition

  • Year built: 1948

Materials

  • Foundation: Block

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential,Single Family Residence

Interior

Bathroom

  • Level: Main

Bathroom

  • Level: Basement

Bedroom

  • Level: Main

Bedroom

  • Level: Basement

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 1
  • 3/4 bathrooms: 1
  • 1/2 bathrooms: 1

Dining Room

  • Level: Main

Family Room

  • Level: Basement

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area above ground: 1,289

Heating

  • Heating features: Has Heating (Unspecified Type)

Interior Area

  • Total structure area: 2,578
  • Total interior livable area: 2,578 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Storage Room

  • Level: Basement

Property

Details

  • Parcel number: 830034500

Features

  • Patio & porch: Deck

Lot

  • Lot size: 6,969 sqft
  • Lot size dimensions: 50 x 140

Parking

  • Total spaces: 2
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Hail
Ice Storm
Strong Wind
Tornado

FEMA Declared Disasters in Polk County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,491$17,892
Home Insurance *$181$2,172
Property Taxes $282$3,384
Electricity $217$2,609
Total$2,171$26,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$74,434/yr
40% on housing$65,130/yr
45% on housing$57,893/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.0%
12.0%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.3%
3.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$114This listing

vs Other Active Listings

Avg $/sqft

ZIP 56721$122
Polk County$151

vs Homes Sold Last Month

Median $/sqft

ZIP 56721
Polk County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-16Contingent$294,900
2026-07-18Listed for sale$294,900
2026-07-14Contingent$299,000
2026-07-02Listed for sale$299,000
2025-03-26Sold$0
2025-03-05Pending sale$99,900
2025-02-28Listed for sale$99,900

For Sale by Agent

AgentZach Finney
BrokerageGreenberg Realty

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