Amazing Hobby Farm with a Renovated Farmhouse, Expansive Outbuildings, and 40 Acres just 15 Minutes from Perham! This property is a Turnkey setup for Farming, Livestock, or Peaceful Country Living.
Step inside to find a Spacious Kitchen with Oak Cabinetry, a Primary Bedroom with an Ensuite Bath, and an Inviting Layout. Upstairs, Two Additional Bedrooms, currently being used as an Office & Den, are paired with a 2nd Bathroom. The Finished Basement adds even more Space, featuring a Family Room, Three Additional Bedrooms, and a 3rd Bath, making this home both Versatile & Comfortable.
The Farm’s Infrastructure is designed for both Functionality and Efficiency. The 50x56 Shop is fully equipped with Power, Insulation, and a Wood Furnace, making it ideal for Year-Round Use. The 36x108 Calf Barn provides ample space for Horses or Cattle, complete with a Dedicated Tack Room.
For Livestock Operations, the property features Three Cattle Sheds measuring 54x100, 54x81, and 30x40, providing a combined 10,974 SqFt of Sheltered Space. Additional Infrastructure includes a Versatile Gambrel-Style Barn, Pole Buildings, Hay Sheds, Grain Bins, and Silos, ensuring you have everything needed for a Fully Equipped Hobby Farm.
The 40 Acres offer a Perfect Mix of Tillable Land, Pasture, and Wooded Areas, creating an Ideal Setting and Abundant Wildlife. Whether you’re looking for a Working Farm or a Spacious Country Retreat, this Exceptional Hobby Farm is Ready for You!
Closed
$570,000
48435 505th Ave, Perham, MN 56573
6beds
1,578sqft
Single Family Residence
Built in 1925
40 Acres Lot
$585,600 Zestimate®
$361/sqft
$2,775 Estimated rent
Home value
$585,600
$386,000 - $884,000
$2,775/mo
Zestimate® history
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List your homeWhat's special
Gambrel-style barnGrain binsPole buildingsInviting layoutHay shedsTwo additional bedroomsThree additional bedrooms
Zillow last checked:
Listing updated:
Listed by:
Jason Witzke 218-234-1904,
Jack Chivers Realty,
Trevin Konley 218-298-2582
Bought with:
Jason Witzke
Jack Chivers Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6659595
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
Bathroom
- Description: Full Basement,Main Floor Full Bath,Upper Level 3/4 Bath
Dining room
- Description: Breakfast Bar,Living/Dining Room
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dryer, Freezer, Gas Water Heater, Microwave, Range, Refrigerator
- Laundry: In Hall, Main Level
Features
- Basement: Full,Concrete,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 1,578
- Total interior livable area: 1,578 sqft
- Finished area above ground: 1,578
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Attached, Detached Garage, Gravel, Heated Garage, Storage
- Attached garage spaces: 1
- Details: Garage Dimensions (16 x 26)
Accessibility
- Accessibility features: Other
Features
- Levels: One and One Half
- Stories: 1.5
- Patio & porch: Porch
- Fencing: Split Rail,Wire,Wood
Lot
- Size: 40 Acres
- Dimensions: 1,320 x 1,320
- Features: Suitable for Horses, Tillable, Tree Coverage - Medium
- Topography: Gently Rolling,Pasture,Wooded
Details
- Additional structures: Garage(s), Barn(s), Chicken Coop/Barn, Grain Storage, Lean-To, Milk House, Pole Building, Workshop, Silo, Stable(s), Storage Shed
- Foundation area: 1128
- Parcel number: 12000230149000
- Zoning description: Agriculture,Residential-Single Family
- Other equipment: Fuel Tank - Rented
- Wooded area: 435600
- Horse amenities: Tack Room
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Concrete, Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Electric: 200+ Amp Service
- Gas: Electric, Propane, Wood
- Sewer: Private Sewer, Tank with Drainage Field
- Water: Drilled, Private, Well
Community & HOA
HOA
- Has HOA: No
Location
- Region: Perham
Financial & listing details
- Price per square foot: $361/sqft
- Tax assessed value: $382,700
- Annual tax amount: $878
- Date on market: 2/27/2025
- Cumulative days on market: 56 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/29/2025 | Sold | $570,000+3.6%$361/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6659595 Report a problem | ||
| 4/24/2025 | Pending sale | $550,000$349/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6659595 Report a problem | ||
| 2/27/2025 | Listed for sale | $550,000+71.9%$349/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6659595 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 10/20/2016 | Listing removed | $320,000$203/sqft |
Source: Owner Report a problem | ||
| 7/23/2016 | Listed for sale | $320,000$203/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,065 +21.3% | $382,700 +2.1% |
| 2024 | $878 +2.3% | $374,800 +44.5% |
| 2023 | $858 -2.7% | $259,400 +15.8% |
| 2022 | $882 +15.1% | $224,100 |
| 2021 | $766 +2.7% | -- |
| 2020 | $746 +8.3% | $214,900 +13.8% |
| 2018 | $689 -11.7% | $188,900 +5.4% |
| 2017 | $780 +4.8% | $179,200 +1% |
| 2016 | $744 | $177,500 |
| 2015 | $744 +20.4% | -- |
| 2014 | $618 +197.8% | $153,000 |
| 2011 | $208 +13.1% | -- |
| 2010 | $184 | -- |
Find assessor info on the county website
Neighborhood: 56573
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Nearby schools
GreatSchools rating
- 7/10Heart Of The Lake Elementary SchoolGrades: PK-4Distance: 8.6 mi
- 6/10Prairie Wind Middle SchoolGrades: 5-8Distance: 8.7 mi
- 7/10Perham Senior High SchoolGrades: 9-12Distance: 8.8 mi
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- Minnesota
- Otter Tail County
- Perham
- 56573
- 48435 505th Ave
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