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111 Markley Ave S, Thief River Falls, MN, 56701

2beds
1baths
806sqft
$159,000
$197price/sqft
$1,288/moest. monthly cost
$51,520/yrincome needed

About This Home

This 806 sq. ft. home features fresh interior renovations with just a few finishing projects remaining—offering a fantastic opportunity for a first-time buyer or savvy investor. Inside, you’ll find an updated living area, a refreshed kitchen, and two comfortable bedrooms with one full bath. Much of the heavy lifting has already been done, while the siding, roof, and a few interior details still need attention—allowing the next owner to add value and personal touches. Whether you're looking for an affordable starter home or a future rental property, this one is full of potential. Don’t miss your chance—schedule a showing today!

Getting Around

62
WalkingSomewhat Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

5/10
5/10
Franklin Middle SchoolGrades 6-80.5 mi
5/10

Construction

Condition

  • Year built: 1920

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bathroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 806

Heating & Cooling

  • Heating features: Boiler
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 806
  • Total interior livable area: 806 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Mud Room

  • Level: Main

Property

Accessibility

  • Accessibility features: No Stairs Internal

Details

  • Parcel number: 2500629060
  • Zoning description: Residential-Single Family
  • Foundation area: 806

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 6,359 sqft
  • Lot size dimensions: 50 x 128

Parking

  • Parking features: Open
  • Has uncovered spaces: Yes

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

  • Inland Flooding
    Inland FloodingVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Hail
Ice Storm
Lightning
Strong Wind
Tornado
Wildfire

FEMA Declared Disasters in Pennington 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 $803$9,636
Home Insurance *$101$1,212
Property Taxes $214$2,568
Electricity $170$2,050
Total$1,288$15,456
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$44,160/yr
40% on housing$38,640/yr
45% on housing$34,346/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: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$197This listing

vs Other Active Listings

Avg $/sqft

ZIP 56701$119
Pennington County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 56701
Pennington County$143

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-01Listed for sale$67,000
2026-02-21Listing removed$79,900
2025-08-21Listed for sale$79,900
2021-03-24Listing removed--
2018-03-07Sold$60,000
2017-11-16Pending sale$64,500
2017-08-05Listed for sale$64,500
2016-10-06Sold$58,500
2016-07-26Pending sale$59,900
2016-07-06Listed for sale$59,900
2012-09-11Sold$45,000
2007-10-09Sold$26,000

For Sale by Agent

AgentMegan Klamar
BrokerageHometown Realty

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