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380 7th St NE, Perham, MN, 56573

2beds
1baths
912sqft
$239,900
$263price/sqft
$1,694/moest. monthly cost
$67,760/yrincome needed

About This Home

PERHAM STARTER HOME! Located on the northeast side of town, this well-maintained home sits on a Spacious 0.35-Acre Corner Lot framed by Mature Trees for added Privacy and Shade. The Oversized Backyard offers plenty of room for a Swing Set, Garden, outdoor entertaining, or simply relaxing beneath the surrounding tree coverage. Inside, the main level features 2 Beds, a Full Bath, an Updated Kitchen, and abundant Natural Light throughout. A Walk-Out Deck overlooks the private backyard, creating the perfect place to enjoy your morning coffee or unwind at the end of the day. The Full Basement provides excellent opportunity to expand, with space already framed for two Additional Bedrooms with Egress Windows and a Second Full Bath. Complete the lower level to nearly double your finished living space and build valuable equity along the way. Whether you’re searching for an Entry-Level Home or an addition to your Investment Portfolio, this property offers Affordability, Potential, and an Excellent Location!

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
42
BikeSomewhat Bikeable

Schools

6/10
7/10
Perham Senior High SchoolGrades 9-121.3 mi

Construction

Condition

  • Year built: 1993

Materials

  • Roof: Asphalt
  • Construction materials: Block,Concrete,Frame

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dryer,Electric Water Heater,Water Filtration System,Microwave,Range,Refrigerator,Washer,Water Softener Owned
  • Laundry features: In Basement,Laundry Room

Basement

  • Has basement: Yes
  • Basement: Block,Egress Window(s),Full,Storage Space

Bedroom

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

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

Bonus Room

  • Level: Lower

Bonus Room

  • Level: Lower

Deck

  • Level: Main

Features

  • Finished area below ground: 0
  • Finished area above ground: 912

Foyer

  • Level: Main

Garage

  • Level: Main

Heating & Cooling

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

Informal Dining Room

  • Level: Main

Interior Area

  • Total structure area: 1,824
  • Total interior livable area: 912 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Lower

Living Room

  • Level: Main

Primary Bathroom

  • Level: Main

Utility Room

  • Level: Lower

Property

Accessibility

  • Accessibility features: Other

Details

  • Parcel number: 77000991132000
  • Zoning description: Residential-Single Family
  • Foundation area: 912

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck,Front Porch,Patio
  • Topography of land: Wooded

Lot

  • Lot size: 0.35 Acres
  • Features: Corner Lot,Tree Coverage - Medium
  • Lot size dimensions: 157 x 100

Parking

  • Total spaces: 2
  • Parking features: Attached,Concrete
  • 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
  • Tornado
    TornadoVery High
  • Winter Weather
    Winter WeatherVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Lightning
    LightningModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

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

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 $1,213$14,556
Home Insurance *$132$1,584
Property Taxes $179$2,148
Electricity $170$2,050
Total$1,694$20,328
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,080/yr
40% on housing$50,820/yr
45% on housing$45,173/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

$263This listing

vs Other Active Listings

Avg $/sqft

ZIP 56573$233
Otter Tail County$190

vs Homes Sold Last Month

Median $/sqft

ZIP 56573$208
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
2026-07-19Listed for sale$239,900

For Sale by Agent

AgentJason Witzke
BrokerageJack Chivers Realty

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