PRICE REDUCTION on Franklin Lake- If you have been waiting for an easy, low maintenance way to get on Franklin Lake, this is it. This 2 bedroom, 1 bath cabin with a loft offers a relaxed lake experience with space for friends and family. The loft provides flexible sleeping or hangout space, and you will enjoy your own stairs to the lake and your own dock, perfect for swimming, fishing, or relaxing by the water. Located in a Common Interest Community, you own the cabin while sharing the grounds, and lawn care is handled for you, allowing for low maintenance lake living. The cabin is being sold fully furnished, making it move in ready. A great opportunity to get onto Franklin Lake at a more affordable price.
Closed
$192,500
47166 Franklin Ct, Pelican Rapids, MN 56572
2beds
572sqft
Single Family
Built in 1940
435 Square Feet Lot
$208,900 Zestimate®
$337/sqft
$1,197 Estimated rent
Home value
$208,900
$198,000 - $219,000
$1,197/mo
Zestimate® history
Owner options
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$1,197/mo
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$1,197/mo
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$1,839/mo
Est. payment
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$1,839/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Valerie Bushaw 701-306-2771,
eXp Realty
Bought with:
TJ Buboltz
HomeSmart Adventure Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7056406
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- 3/4 bathrooms: 1
Bedroom
- Level: Main
Bedroom 2
- Level: Main
Dining room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Loft
- Level: Upper
Heating
- Ductless Mini-Split, Radiator
Cooling
- Ductless Mini-Split
Appliances
- Included: Microwave, Range, Refrigerator, Tankless Water Heater, Water Softener Rented
Features
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 572
- Total interior livable area: 572 sqft
- Finished area above ground: 572
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: West
- Waterfront features: Lake Front, Waterfront Elevation(26-40), Lake Bottom(Hard, Rocky, Sand)
Lot
- Size: 435 Square Feet
Details
- Foundation area: 472
- Parcel number: 17000991832000
- Zoning description: Shoreline
- Other equipment: Fuel Tank - Rented
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Frame
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Gas: Propane
- Sewer: Holding Tank, Septic System Compliant - Yes
- Water: Drilled, Shared System
Community & HOA
Community
- Subdivision: Franklin Lake Condos
HOA
- Has HOA: Yes
- Services included: Beach Access, Lawn Care, Shared Amenities, Water
- HOA fee: $900 annually
- HOA name: Franklin Lake Condominium Association
- HOA phone: 701-200-7798
Location
- Region: Pelican Rapids
Financial & listing details
- Price per square foot: $337/sqft
- Tax assessed value: $231,100
- Annual tax amount: $1,339
- Date on market: 4/16/2026
- Cumulative days on market: 236 days
Price history
| Date | Event | Price |
|---|---|---|
| 7/15/2026 | Sold | $192,500-12.5%$337/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7056406 Report a problem | ||
| 7/1/2026 | Pending sale | $220,000$385/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7056406 Report a problem | ||
| 5/29/2026 | Price change | $220,000-12%$385/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7056406 Report a problem | ||
| 4/16/2026 | Listed for sale | $249,900$437/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7056406 Report a problem | ||
| 10/15/2025 | Listing removed | $249,900$437/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6680730 Report a problem | ||
| 8/11/2025 | Price change | $249,900-2%$437/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6680730 Report a problem | ||
| 7/17/2025 | Price change | $255,000-5.6%$446/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6680730 Report a problem | ||
| 6/19/2025 | Price change | $270,000-9.7%$472/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6680730 Report a problem | ||
| 6/3/2025 | Price change | $299,000-2.9%$523/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6680730 Report a problem | ||
| 5/8/2025 | Listed for sale | $308,000+10%$538/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6680730 Report a problem | ||
| 5/27/2021 | Sold | $280,000-12.4%$490/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6064788 Report a problem | ||
| 5/12/2021 | Price change | $319,500-5.9%$559/sqft |
Source: MWMMLS #20-33180 Report a problem | ||
| 4/2/2021 | Listed for sale | $339,500$594/sqft |
Source: MWMMLS #20-33180 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,327 -7.2% | $231,100 +2.4% |
| 2024 | $1,430 -2.9% | $225,700 +0.7% |
| 2023 | $1,472 +5.9% | $224,200 +35.6% |
| 2022 | $1,390 +9.6% | $165,300 |
| 2021 | $1,268 -2.3% | -- |
| 2020 | $1,298 +17.9% | $157,900 +1.9% |
| 2018 | $1,101 -19.3% | $154,900 +19.2% |
| 2017 | $1,364 +26.3% | $130,000 +5% |
| 2016 | $1,080 | $123,800 |
| 2015 | $1,080 +1.9% | -- |
| 2014 | $1,060 | $123,300 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | $900 +3.7% | -- |
| 2010 | $868 | -- |
Find assessor info on the county website
Neighborhood: 56572
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Nearby schools
GreatSchools rating
- 6/10Viking Elementary SchoolGrades: PK-6Distance: 8.1 mi
- 6/10Pelican Rapids SecondaryGrades: 7-12Distance: 8.1 mi
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- Minnesota
- Otter Tail County
- Pelican Rapids
- 56572
- 47166 Franklin Ct
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