About Otter Tail County, MN

Mortgage Specialist in Fergus Falls, MN

Fergus Falls MN is a unique area of about 13,000 residents. Surrounded by the vivid green of nature and tranquil calming prairies, Fergus Falls, MN is composed of luscious rolling farmland and over 1,000 lakes within the area.

For being a decently small community, there is a lot one can participate when living in this area, but first, before you get your home and start running around exploring the area, you should consider talking to a mortgage specialist.

A mortgage specialist can provide you with thorough information you will need in regards to your new home purchase. A mortgage specialist is someone who can look at the property you have and establish an efficient payment plan over the course of a set amount of years in order to make sure you can live in your home today and everyday in the future. You see, a mortgage in reality is simply a loan that is extended over a long period of time, and a mortgage specialist makes the process of home buying convenient and simple by fully informing you of possible options and results from different decisions made.

The main components of a mortgage that a mortgage specialist will cover with you are:

• Principle: The amount of money you borrow
• Interest: The amount of money you pay to receive your loan
• Term: The amount of time you'll be paying your mortgage over

Once you've spoken to a mortgage specialist and have your finances in order, you have the option of relaxing in your new cozy home. Explore the many trails for hiking and biking, where you can spot wildlife in it's natural habitat. Visit one of the many lakes, rivers or waterfalls that flow endlessly through the area.

My name is Tim Erickson and I am a mortgage specialist who also specializes in lake home financing. I'd love to work with you to have you living in the beautiful Fergus Falls, MN and experiencing all the area has to share.

Fergus Falls, MN 56537-8279
Status: Active List Price: $149,500 Original List Price: $149,500
Previous Image 1 of 7 Next Slideshow · Open All Total Bed/Bath: 2/ 1 Garage: 1 Year Built: 1969 Map Page: 999 Map Coord: a1 Directions: (Click icon for Virtual Earth Map)
MLS Area: 814 - West Central Minnesota Style: (SF) One Story Const Status: Previously Owned Foundation Size: 720 AbvGrdFinSqFt: 720 BelGrdFinSqFt: Total Fin SqFt: 720 Acres: 0.230 Lot Size: 75x134 TAX INFORMATION Property ID: R13000990401000 Tax Year: 2009 Tax Amt: $1,138 Assess Bal: $ Tax w/assess: $1,138 Assess Pend: Unknown Homestead: Yes
List Date: 04/12/2009 Received By MLS: 04/13/2009 Days On Market: 50 CDOM History
General Property Information
Legal Description: Lot 27 Burau Beach 3rd Addn and Lot 27, Hillside Addition-Burau Beach County: Otter Tail Postal City: Fergus Falls School District: 544 - Fergus Falls, 218-998-0544 Mfg Home w/HUD#: No Complex/Dev/Sub: Burau Beach 3rd Addition Common Wall: No Lot Description: Tree Coverage - Medium Road Frontage: Cul De Sac, No Outlet/Dead End, Paved Streets Zoning: Residential-Single Accessibility: None Lake/Waterfront: Dock, Lake Front, Lake View Lake/WF Name: Wall Lake
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Public Remarks: Affordable lake home with 70' of lake shore PLUS a .13 acre lot across the street. Situated just outside of Fergus Falls on a good recreational lake with boating and fishing. Great sunset views! Garage has lots of extra room for more than just a car!

CALL US TODAY WE SPECIALIZE IN LAKE HOMES IN MINNESOTA AND WESTERN WISCONSIN..

STEVE VENNEMAN 651-334-8312

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The Pelican Rapids Chamber of Commerce presents the Home & Garden show on April 25th from 9:00 to 2:00. The show is being held in the PR High School Gymnasium.

Admission is only $1 and proceeds go to future Chamber events.

Local businesses will be on hand at the show for helping you get your home and garden ready for the summer. There will be games for the kids, food available, seminars, and a silent auction.

Be sure to stop in and check it out. With over 50 different booths at the show there is sure to be something for everyone.

Sales figures for Lakeshore Residential Properties Feb & Mar 2009:

Analyzing sales numbers for lake properties is always difficult in the winter months. The seasonal dips are dramatic and the low numbers make reading a trend almost impossible. Unfortunately, my magic crystal ball is also in the shop this week, so I have no predictions for this summer.

One important fact to note as we go into the spring season is that the number of lake homes currently on the market remains high. Last summer, the monthly sales for the Detroit Lakes area MLS bounced around that 20-30 homes/month range. The Fergus Falls area saw 15-20 homes/month sold. Even at those sales rates we have a high inventory of lake homes.

This high level of inventory creates some great opportunities for buyers looking to find the perfect lake home this summer.

“But according to the News, the prices are falling!!! Why buy now???”

True, in many parts of the country they are seeing falling prices. This is not to say lakeshore prices in Ottertail and Becker counties are also dropping. Just to check the local market I compared year-end sales averages for the last few years.

I’ll admit these numbers surprised me a little. I expected the average sales price to be flatter over the last 2-3 years. In reality this is what we are seeing in most situations, no major price moves. Averages can be tricky with less homes being sold. One or two homes selling for over $500K can have a bigger effect on the average and skew the numbers higher. I suspect that has something to do with the recent price gains.

However, it is good to see lakeshore properties in this area are at least holding their value.