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1039 W Summit Ave, Fergus Falls, MN, 56537

4beds
3baths
3,892sqft
$319,000
$82price/sqft
$2,420/moest. monthly cost
$96,800/yrincome needed

About This Home

1 3/4 story home with 4 bedrooms and 3 baths on a quiet dead-end street, with no through traffic. Lots of privacy is found in this beautiful Fergus Falls location. Recent updates throughout the home. Quartz countertops and modern contemporary cabinetry in the kitchen. Newer flooring in the kitchen, dining, and living room. Fireplace in the living room as well as the lower-level family room. One bedroom on the main floor, with 3 bedrooms upstairs, and a full bath. 3/4 bath with a shower in the lower level. Large city lot for outside gathering with nature views. Close to all that Fergus Falls has to offer.

Getting Around

19
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

--
4/10
iQ Academy 6-8Grades 6-81.3 mi
4/10
iQ Academy MinnesotaGrades 9-121.3 mi

Construction

Condition

  • Year built: 1952

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bathroom

  • Level: Main

Bathroom

  • Level: Upper

Bathroom

  • Level: Lower

Bedroom

  • Level: Main

Bedroom2

  • Level: Upper

Bedroom3

  • Level: Upper

Bedroom4

  • Level: Upper

Bedrooms & Bathrooms

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

Den

  • Level: Lower

Dining Room

  • Level: Main

Family Room

  • Level: Lower

Features

  • Number of fireplaces: 2
  • Fireplace: Yes
  • Finished area below ground: 800
  • Finished area above ground: 2,335

Foyer

  • Level: Main

Heating & Cooling

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

Interior Area

  • Total structure area: 3,892
  • Total interior livable area: 3,892 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 71003500057005
  • Zoning description: Residential-Single Family
  • Foundation area: 1458

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 0.37 Acres
  • Lot size dimensions: 108 x 150

Parking

  • Total spaces: 2
  • Parking features: Attached
  • 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

  • Cold Wave
    Cold WaveVery High
  • Strong Wind
    Strong WindVery High
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

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

FEMA Declared Disasters in Otter Tail 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 $1,613$19,356
Home Insurance *$189$2,268
Property Taxes $290$3,480
Electricity $328$3,939
Total$2,420$29,040
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$82,971/yr
40% on housing$72,600/yr
45% on housing$64,533/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: 12.3%
12.3%
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

$82This listing

vs Other Active Listings

Avg $/sqft

ZIP 56537$145
Otter Tail County$191

vs Homes Sold Last Month

Median $/sqft

ZIP 56537$146
Otter Tail County$152

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
2026-05-01Listed for sale$329,000
2022-08-11Sold$278,000
2022-07-27Pending sale$279,900
2022-06-14Listed for sale$279,900
2020-12-31Listing removed$199,900
2020-12-02Listed for sale$199,900

For Sale by Agent

AgentWayne Schuett
BrokerageCentury 21 Atwood

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