2 months on rocket

24908 Franklin Lake Rd, Pelican Rapids, MN, 56572

$549,000

Home List Price

$6,519*

Closing Credit

3 Bedrooms
2 Full Baths
2,376 SqFt
$231/SqFt
House

Location

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24908 Franklin Lake Rd, Pelican Rapids$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Concrete
Garage2 spaces
Year Built1985
HeatingBaseboard
CoolingWall Unit(s)
BasementYes
WaterfrontLake Front, Lake
ViewOther
MLS #6517011
StatusActive

About 24908 Franklin Lake Rd

FRANKLIN LAKE TOTAL PACKAGE! This A+ piece is only 13 minutes N of Pelican Rapids and 18 minutes S of Detroit Lakes, and sits just far enough off Highway 59 to experience the quiet and private living of Franklin Lake’s North shore, but close enough to have fast and easy access to local amenities. The property most notably features a huge 60x40 insulated shop with a concrete floor and a second level. The 3B/2B year-round home has been recently updated with new windows, roof, paint, and septic. The diversity of options with this property are endless. Whether you’re an outdoor enthusiast simply looking to unwind, listen to loons and go fishing, or maybe start a home business out of the shop, or just take your hobbyist dreams up a notch, this property offers the perfect blend of relaxation and adventure. What a charmer, come take a look!

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Living Area: 2,376 SqFt

Listing Office:

  • Office Name: RE/MAX Advantage Plus

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Water Filtration System, Microwave, Range, Refrigerator, Washer, Water Softener
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake Front, Lake
  • View: Other

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Concrete

Lot Features

Lot Information:

  • Lot: Irregular Lot, Some Trees

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From Pelican Rapids on US-59 North, continue for 9 miles. Turn right onto Franklin Lake Road; the property will be on the right after about .07 miles.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000
  • Price Per SqFt: $231/SqFt

Tax Information:

  • Annual Amount: $2,918
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Pelican Rapids, MN.

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Pelican Rapids, MN

City

Med. Sold Price

$405K

Med. Price/SqFt

$212

Avg. Days On Market

106

# of Sold Homes

8

24908 Franklin Lake Rd vs Pelican Rapids

63 DAYS ON ROCKET

-43 Days

$549,000

+$144K More

$231/SqFt

+$19 More

KEY TAKEAWAY

This property is $144K more than the Median Sold Price and $19/SqFt more than other homes in Pelican Rapids, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6517011

Listing Office:

  • Office Name: RE/MAX Advantage Plus

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Last updated on: 11/22/2024, 7:22:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$2,918$349,800
2019$2,958$378,500
2018$3,120$375,300
2017$2,730$319,700

History based on county public records data.

Payment Calculator

$2,808

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-714035
5
/10

  • Viking Elementary School

  • 1 Viking Dr

  • 8.22 miles

  • Public District Grades PK-6

school-card-donut-714036
6
/10

  • Rossman Elementary School

  • 1221 Rossman Ave

  • 12.03 miles

  • Public District Grades PK-5

school-card-donut-714037
4
/10

  • Roosevelt Elementary School

  • 510 11th Ave

  • 13.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $68,284. The majority of Pelican Rapids, MN residents have income between $35k-100k annually. The most common type of family is married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 24908 Franklin Lake Rd

What is the listing price of this property?

The listing price of 24908 Franklin Lake Rd property is $549,000.

What type of property is this?

The property 24908 Franklin Lake Rd is a house located in Pelican Rapids, Minnesota, 56572.

Is this property for sale now?

Active Listing: 24908 Franklin Lake Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,918 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 24908 Franklin Lake Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 24908 Franklin Lake Rd is 2,376 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 24908 Franklin Lake Rd is 1985.

Rocket Homes›Minnesota›Otter Tail County›Pelican Rapids›56572›24908 Franklin Lake Rd

This home is located at 24908 Franklin Lake Rd in Pelican Rapids, MN and zip code 56572. This 2,376 square foot home was built in 1985. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $549,000.

In October 2024 more than 3 listings in Pelican Rapids, MN were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 5 were sold below. Between September 2024 and October 2024, Pelican Rapids, MN real estate market has seen decrease in the number of listings by 11.1%. While the average time on the market in October 2024 was 106 days, the median list price was $405,000.

From Rocket Homes Real Estate and based on county public records data.

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