NOT LISTED FOR SALE

48312 Pike Beach Rd Pelican Rapids, MN 56572

Estimated Value: $422,000 - $432,000

2 Beds
2 Baths
1,160 Sq Ft
$367/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $405,000 $349 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,488/month

41 Days on Market

Highlights

  • 70 Feet of Waterfront
  • No HOA
  • Living Room
  • Beach Access
  • Patio
  • 1-Story Property

About This Home

As of May 2024

TAMARAC LAKE - Two-bedroom, two-bathroom year-round cabin with a bunkhouse situated on Tamarac Lake with 70 feet of frontage, adorned with rock riprap and a beautiful sandy shoreline. This cozy cabin offers level shoreline access from the cabin to the water's edge, providing the perfect setting to enjoy all four seasons by the lake. Recent updates include a new roof installed in 2022, upgraded electrical service featuring off-peak heating installed in 2015, a new septic system with drain field completed in 2014, and a low-maintenance lakeside deck. Conveniently located, a short and pleasant drive on paved roads from Fargo-Moorhead will have you at Tamarac Lake in 45 minutes or less.

Last Agent to Sell the Property

Gene Anderson

Cormorant Realty Listed on: 02/23/2024

Last Buyer's Agent

Member Non

NON MEMBER FILE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,926

Year Built

  • Built in 1960

Lot Details

  • 0.35 Acre Lot
  • Lot Dimensions are 70x220x82x202
  • 70 Feet of Waterfront
  • Lake Front

Home Design

  • Architectural Shingle Roof

Interior Spaces

  • 1,160 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Crawl Space

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Beach Access
  • Patio

Utilities

  • Forced Air Heating System
  • Well

Community Details

  • No Home Owners Association
  • Pike Beach Subdivision

Listing and Financial Details

  • Assessor Parcel Number 55000990520000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,926

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Cooling System: None
  • Accessibility Features: None
  • Water Source: Well
  • Year Built: 1960
  • Above Grade Finished Sq Ft: 1160
  • Water Body Name: Tamarac
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Living Area: 1160
  • Fireplace: No
  • Basement YN: No
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Patio, Laundry, Bathroom

Beds/Baths

  • Total Bedrooms: 2
  • Three Quarter Bathrooms: 2

Exterior Features

  • Roof: Architectural Shingle, Asphalt
  • Lake Acres: 444
  • LakeChain: N
  • Waterfront Frontage: 70

Garage/Parking

  • Parking Features: None

Utilities

  • Heating: Forced Air
  • Sewer: Tank with Drainage Field
  • Fuel: Electric

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Pelican Rapids
  • SchoolDistrictNumber: 548
  • SchoolDistrictPhone: 218-863-5910

Lot Info

  • Waterfront YN: Yes
  • PropertyAttachedYN: No
  • Lot Size: 70x220x82x202
  • Lot Size Sq Ft: 15246
  • Land Lease: No
  • Lot Features: Accessible Shoreline
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 55000990520000
  • Tax Annual Amount: 1926
  • TaxWithAssessments: 1926.0000

Multi Family

  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
May 30, 2024
Sold by
Peterson Michael and Peterson Mary
Bought by
Birger Laressa and Birger Justin
Seller's Agent
Gene Anderson
Cormorant Realty
Buyer's Agent
Member Non
NON MEMBER FILE
List Price
$410,000
Sold Price
$405,000
Premium/Discount to List
-$5,000
-1.22%
Views
2
Current Estimated Value
$426,026

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,026
Avg. Annual Appreciation
4.11%
Original Mortgage
$397,664
Outstanding Balance
$393,014
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$32,879
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Birger Laressa $405,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Birger Laressa $397,664
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $405,000 -1.2% $349 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
02/22/2024 02/22/24 For Sale $410,000 -- $353 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,050 $337,600 $183,300 $154,300
2024 $2,050 $300,100 $179,300 $120,800
2023 $2,006 $280,000 $173,300 $106,700
2022 $1,790 $200,600 $0 $0
2021 $1,716 $280,000 $173,300 $106,700
2020 $1,740 $193,400 $100,900 $92,500
2019 $1,630 $175,300 $89,300 $86,000
2018 $1,586 $175,300 $89,300 $86,000
2017 $1,548 $167,400 $89,300 $78,100
2016 $1,554 $166,800 $95,100 $71,700
2015 $1,496 $0 $0 $0
2014 -- $162,800 $95,100 $67,700
Source: Public Records

Agents Affiliated with this Home

  • Gene Anderson

    Seller's Agent in 2024

    Gene Anderson

    Cormorant Realty

    (701) 730-2250

    90 Total Sales

    Gene Anderson
    Section Image

  • M

    Buyer's Agent in 2024

    Member Non

    NON MEMBER FILE

See All Agents

Map

Source: NorthstarMLS

MLS Number: 7428500

NorthstarMLS

APN: 55000990520000

Minnesota Otter Tail County Pelican Rapids 56572

48312 Pike Beach Rd, Pelican Rapids, MN

This home is located at 48312 Pike Beach Rd, Pelican Rapids, MN 56572 since 23 February 2024 and is currently estimated at $426,026, approximately $367 per square foot. This property was built in 1960. 48312 Pike Beach Rd is a home located in Otter Tail County with nearby schools including Viking Elementary School and Pelican Rapids Secondary School.

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