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48658 Alder Dr, Pelican Rapids, MN, 56572

3beds
2baths
1,187sqft
$369,000
$311price/sqft
$2,454/moest. monthly cost
$98,160/yrincome needed

About This Home

Turnkey lake place ready for your enjoyment. This beautiful property is being sold fully furnished! Just a couple items leaving. Outdoor furniture and all household furniture and items staying other than the exclusions listed. Dock included! 3 bedrooms and 2 bathrooms, updated siding, maintenance free deck, plus a large sunken living room and spacious kitchen make this the perfect affordable lake place. Add the garage with 1/2 bath and changing area, plus a full RV hookup on the property with 30amp electric, water, and sewer!! This creates a property where you can invite your friends and enjoy Tamarac which is just a 45 min drive to the FM area!! Agent related to Seller

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

6/10
Viking Elementary SchoolGrades PK-67.3 mi
6/10
Pelican Rapids SecondaryGrades 7-127.1 mi

Construction

Condition

  • Year built: 2003

Materials

  • Roof: Age Over 8 Years

Type & Style

  • Home type: MobileManufactured
  • Property subType: Manufactured Home

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Washer
  • Laundry features: Main Level

Basement

  • Basement: None

Bathroom

  • Level: Main

Bathroom

  • Level: Main

Bathroom

  • Level: Main

Bedroom

  • Level: Main

Bedroom2

  • Level: Main

Bedroom3

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Deck

  • Level: Main

Dining Room

  • Level: Main

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,187

Garage

  • Level: Main

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,187
  • Total interior livable area: 1,187 sqft

Kitchen

  • Level: Main

Laundry

  • Level: Main

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: Accessible Approach with Ramp

Details

  • Parcel number: 55000990684000
  • Zoning description: Residential-Single Family
  • Other equipment: Fuel Tank - Owned
  • Foundation area: 1187

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Composite Decking,Patio
  • Has view: Yes
  • View description: East,Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake Front,Waterfront Elevation(26-40),Lake Bottom(Sand)
  • Frontage length: Water Frontage: 70

Lot

  • Lot size: 0.45 Acres
  • Features: Accessible Shoreline
  • Lot size dimensions: 122 x 211 x 70 x 219

Parking

  • Total spaces: 1
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Strong Wind
Tornado
Hail
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 $1,865$22,380
Home Insurance *$247$2,964
Property Taxes $172$2,064
Electricity $170$2,050
Total$2,454$29,448
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$84,137/yr
40% on housing$73,620/yr
45% on housing$65,440/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

$311This listing

vs Other Active Listings

Avg $/sqft

ZIP 56572$325
Otter Tail County$190

vs Homes Sold Last Month

Median $/sqft

ZIP 56572$225
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
2026-08-12Price change$349,000
2026-08-02Price change$369,000
2026-07-03Listed for sale$380,000

For Sale by Agent

AgentElizabeth Nelson
BrokeragePark Co., REALTORS®

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