First home, rental, or investment property? All fantastic possibilities with this rock-solid home. This home is the quintessential ''great bones'' home. Beautiful original woodwork and trims. Great location near downtown Perham. The house has long rental history. Situated on a nice corner lot, this is one of the most all-around affordable homes on the market. New water heater, new furnace, and new central air
First home, rental, or investment property? All fantastic possibilities with this rock solid home. This home is the quintessential ''great bones'' home. Beautiful original woodwork and trims. Great location near to down town Perham. Home is currently rented and has long rental history. Situated on a nice corner lot. This is one of the most all around affordable homes on the market
NORTHSTARMLS as Distributed by MLS Grid #LKSR20-12192
May 5, 2014
Listing Removed
—
Mar 9, 2014
Listed
$107,000
NORTHSTARMLS as Distributed by MLS Grid #6069849
Mar 31, 2014
Listing Removed
—
Feb 8, 2014
Listed
$107,000
NORTHSTARMLS as Distributed by MLS Grid #6067133
Jul 28, 2012
Sold
$42,600
May 3, 2012
Listed
$40,000
NORTHSTARMLS as Distributed by MLS Grid #LKSR20-8516
May 3, 2012
Listed
$40,000
NORTHSTARMLS as Distributed by MLS Grid #LKSR04-1540
Jul 30, 2004
Listed
$93,000
Public Records
May 6, 1996
Sold
$52,040
Year
Property tax
Land + Additions
Assessment*
2026
$1,490 (+4.1%)
2025
$1,432 (+35.1%)
2024
$1,060 (−19.0%)
2023
$1,308 (+12.4%)
2022
$1,164 (+9.8%)
2021
$1,060 (+1.3%)
$6,400 + $73,000
$79,400
2020
$1,046 (+3.6%)
$6,400 + $70,600
$77,000
2019
$1,010 (−23.5%)
$6,400 + $68,400
$74,800
2018
$1,320 (+1.7%)
$6,400 + $58,700
$65,100
2017
$1,298 (−1.2%)
$6,400 + $55,100
$61,500
2016
$1,314 (+83.7%)
$6,400 + $52,400
$58,800
2015
$715 (+5.7%)
$6,400 + $51,100
$57,500
2014
$677
$6,400 + $49,200
$55,600
Tax history for 502 2nd St SW
Year
Property tax
Land + Additions
Assessment*
2026
$1,490 (+4.1%)
2025
$1,432 (+35.1%)
2024
$1,060 (−19.0%)
2023
$1,308 (+12.4%)
2022
$1,164 (+9.8%)
2021
$1,060 (+1.3%)
$6,400 + $73,000
$79,400
2020
$1,046 (+3.6%)
$6,400 + $70,600
$77,000
2019
$1,010 (−23.5%)
$6,400 + $68,400
$74,800
2018
$1,320 (+1.7%)
$6,400 + $58,700
$65,100
2017
$1,298 (−1.2%)
$6,400 + $55,100
$61,500
2016
$1,314 (+83.7%)
$6,400 + $52,400
$58,800
2015
$715 (+5.7%)
$6,400 + $51,100
$57,500
2014
$677
$6,400 + $49,200
$55,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Road Frontage Type: City Street, Sidewalks, Street Lights
Road Responsibility: Public Maintained Road
Financial
Assessment Information
Other Annual Assessment Amount: $80
Tax Information
Tax Annual Amount: $1,236
Tax Year: 2023
Tax With Assessments: $1,316
Lease / Rent Details
Rental License Type: Standard
RentalLicense Y/N: Yes
Utilities
Utility Information
Water Source: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas
Location
School Information
High School District: Perham-Dent
School District Number: 549
School District Phone: 218-346-4501
Location Information
Directions: Head southeast on W Main St toward Co Hwy 51 and turn right onto 6th Ave SW. Turn left at the 1st cross street onto 2nd St SW and the destination will be on the left.
Map Coordinate: 999-A1
Public facts
Beds: —
Baths: —
Sq. Ft.: 988
Stories: —
Lot Size: 4,945 square feet
Style: Single Family Residential
Year Built: 1931
Year Renovated: 1946
County: Otter Tail County
APN: 77000990667000
Home facts updated by county records on Jul 13, 2026
Other
Home Information
Living Area: 1368
Main Level Finished Area: 1008.0000
Age Of Property: 92
Levels: One and One Half
Around this home
Schools
Heart Of The Lake Elementary School
Public PreK-4 • Assigned • 0.6mi
7/10
Prairie Wind Middle School
Public 5-8 • Assigned • 0.7mi
6/10
Perham Senior High School
Public 9-12 • Assigned • 0.8mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
4/10 Flood Factor
Estimated 19-29% chance of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.31% chance of being in a wildfire in next 30 years
1/10 Heat Factor
7 days above 97° expected this year, 12 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Perham, MN • 56573
Average low and high temperatures (°F)
17
-1
23
5
42
21
51
32
67
45
74
56
78
61
76
59
74
55
60
42
39
27
24
8
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.9 hours in
June and 3.3 hours in December, placing it below the
U.S. average for solar exposure.
9.9 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$203,000 – $246,000
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