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223 3rd St SE, Perham, MN, 56573

1beds
1baths
712sqft
$149,900
$211price/sqft
$1,097/moest. monthly cost
$43,880/yrincome needed

About This Home

Affordable homeownership starts here! This well-maintained Perham City home offers a cozy, comfortable layout with newer windows, siding, shingles and updated main-level flooring. Enjoy the backyard patio, tar driveway and a detached 16' x 24' garage with opener. The full unfinished basement includes an egress window, providing an excellent opportunity to add a future bedroom and build equity. Conveniently located within walking distance of downtown, this is a great place to call home-and you can own it for less than you can rent!

Getting Around

67
WalkingSomewhat Walkable
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

6/10
7/10
Perham Senior High SchoolGrades 9-120.8 mi

Construction

Condition

  • Year built: 1949

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dryer,Gas Water Heater,Range,Refrigerator,Washer

Basement

  • Has basement: Yes
  • Basement: Block,Egress Window(s),Unfinished

Bathroom

  • Level: Main
  • Area: 45
  • Dimensions: 5'x9'

Bedroom

  • Level: Main
  • Area: 104.8333
  • Dimensions: 11'4x9'3

Bedrooms & Bathrooms

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

Dining Room

  • Level: Main
  • Area: 63.75
  • Dimensions: 7'6x8'6

Features

  • Finished area below ground: 0
  • Finished area above ground: 712

Flex Room

  • Level: Main
  • Area: 46.6667
  • Dimensions: 5'x9'4

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,384
  • Total interior livable area: 712 sqft

Kitchen

  • Level: Main
  • Area: 76.5
  • Dimensions: 9'x8'6

Living Room

  • Level: Main
  • Area: 175.6667
  • Dimensions: 11'4x15'6

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 77000990163001
  • Zoning description: Other
  • Foundation area: 672

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Patio

Lot

  • Lot size: 4,965 sqft
  • Lot size dimensions: 50' x 100'

Parking

  • Total spaces: 1
  • Parking features: Detached Garage,Asphalt,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • 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

  • 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 $757$9,084
Home Insurance *$82$984
Property Taxes $88$1,056
Electricity $170$2,050
Total$1,097$13,164
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$37,611/yr
40% on housing$32,910/yr
45% on housing$29,253/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

$211This listing

vs Other Active Listings

Avg $/sqft

ZIP 56573$237
Otter Tail County$191

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
2026-07-20Listed for sale$149,900
2008-08-18Sold$60,000

For Sale by Agent

AgentVaun Bruhn
BrokerageNew Horizons Realty Of Perham

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