Primary listing photo

22261 160th St NE, Thief River Falls, MN, 56701

2beds
1baths
1,222sqft
$585,000
$479price/sqft
$3,923/moest. monthly cost
$156,920/yrincome needed

About This Home

Fantastic opportunity to own a 158-acre hobby farm located just a few miles from town! It offers the perfect blend of productive farmland, recreation, and country living. Features include 92 acres of high-quality tillable land, 43 acres of wooded recreation ground, and a 23-acre farmstead with multiple outbuildings. These include a large Quonset building providing excellent space for machinery, storage, or workshop use. A large grain bin and several more smaller storage bins & sheds. The 1915 built farmhouse needs TLC, presenting an ideal opportunity to remodel or build new to create your dream rural retreat. Enjoy peaceful views, abundant wildlife, and endless possibilities for farming, hunting, or hobby use all within minutes of town amenities. The tillable acreage is currently is rented through 2028. This is a rare chance to own a beautiful, versatile property with income potential and room to grow that's been in the same family for 110 years! This could be your next home!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
5/10
Franklin Middle SchoolGrades 6-87.6 mi
5/10

Construction

Condition

  • Year built: 1915

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Laundry features: Main Level

Basement

  • Basement: Crawl Space

Bathroom

  • Level: Main

Bedroom

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 858

Foyer

  • Level: Main

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 1,222
  • Total interior livable area: 1,222 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1900100200
  • Land lease expiration date: 1861833600000
  • Zoning description: Agriculture,Other,Residential-Single Family
  • Wooded area: 1873080
  • Foundation area: 572

Features

  • Levels: One and One Half
  • Stories: 1

Lot

  • Lot size: 157.78 Acres
  • Features: Suitable for Horses,Tillable,Tree Coverage - Medium
  • Lot size dimensions: 2640 x 2640

Parking

  • Parking features: Gravel,Other,RV Access/Parking

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

  • Inland Flooding
    Inland FloodingVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Drought
    DroughtRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Inland Flooding
Winter Weather
Cold Wave
Drought
Hail
Ice Storm
Strong Wind
Wildfire

FEMA Declared Disasters in Pennington 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 $2,958$35,496
Home Insurance *$372$4,464
Property Taxes $423$5,076
Electricity $170$2,050
Total$3,923$47,076
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$134,502/yr
40% on housing$117,690/yr
45% on housing$104,613/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: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 3.7%
3.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$479This listing

vs Other Active Listings

Avg $/sqft

ZIP 56701$108
Pennington County$107

vs Homes Sold Last Month

Median $/sqft

ZIP 56701
Pennington County$143

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)

No zestimate history available

Price History

DateEventPrice
2025-11-06Listed for sale$585,000

For Sale by Agent

AgentJosh Hanson
BrokerageNextHome Legendary Properties

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