23140 Oak Lane, Bovey, MN 55709
2 Beds | 1 Bath | 976 Sq Ft | Single Family Home | MLS# 7136461
Price Reduced — was $175,000 (↓ $10,000) · M Markdowns
$1,059/month Estimated
- Principal & interest
- $834
- Property taxes
- $117
- Home insurance (est.)
- $96
- Special assessments
- $12
- HOA dues
- None
20% down ($33,000) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
50 earns the badge · a typical active home here scores ~0
This home has sat well past the local pace — time is working in a buyer's favor.
- 47 days on market — more than double the usual 17 days
- Price cut 5.7% (−$10,000)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 12% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 79 vs 998 NorthstarMLS sales, updated monthly.
How the 0–100 Offer-Ready Score works →
Offer-Ready Score is a Modern Market REALTORS® calculation from NorthstarMLS listing data — not MLS-provided data.
About This Home
Opportunity awaits on Lower Balsam Lake! This 2-bedroom, 1-bath cabin sits on .54 acres with 109 feet of shoreline and is ready for someone with vision to bring it back to life. This property needs TLC and is being offered as a fixer-upper, providing an excellent opportunity for those willing to put in the work to create their own Northwoods getaway. The cabin offers a functional starting point, while the property itself features plenty of outdoor amenities, including a large deck, screened-in patio, roll in dock, sauna house, storage shed, and single-stall detached garage. With a beautiful lakeside setting on Lower Balsam Lake and plenty of space to work with, this could be a rewarding project for an investor, handyman, or buyer looking for a cabin they can renovate and make their own. Bring your tools, ideas, and vision—this one will require work, but the potential is here!
BuyPulse · Live market read
Is 23140 Oak Lane a Good Deal?
At $169/sqft, this home is priced $70/sqft below the typical Bovey single-family home of $239/sqft.
The median list price in Bovey is $315,000.
Verdict: Excellent Value
Your negotiating position
76 Strong buyer leverage
Seller's market · Balanced · Buyer leverage
Day 47 — Bovey homes overall typically go under contract by day ~21. This one is past that window.
3 similar homes for sale — alternatives if they won't move.
This seller already cut $10,000 — motivation showing.
Homes like this one — single-family homes between $124K and $206K in Bovey:
- The field: 3 similar Bovey homes for sale — a short list right now.
- Price cuts: 1 of 3 similar homes have trimmed asking. This one already cut $10,000.
- Too few have sold recently to chart how fast they go or how they close — BuyPulse won't estimate those off a thin sample.
Powered by the Realgorithm™ — real Bovey closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1942
- Garage
- 1-Car Detached
- Style
- Two
- HOA
- None
- Annual Taxes
- $1,399 (2026)
- Specials/yr
- $147
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 976
- Lot Size
- 0.54 acres
- Basement
- No
- Roof
- Asphalt
- Construction
- Frame
- County
- Itasca
- List Date
- 2026-08-31
- Days on Market
- 47 days
- Parcel ID
- 041231402
Financial
- Total Tax incl. Assessments
- $1,546
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air, Fireplace(s)
- Cooling
- None
- Electric
- 100 Amp Service
- Water
- Well
- Sewer
- Septic System Compliant - No
- Appliances
- Range
Interior Features
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Other
- Foundation Area
- 779 sqft
- Total Building Area
- 979 sqft
Exterior Features
- Exterior Features
- Wood
- Fenced Area
- Yes
- Other Structures
- Garage(s), Sauna, Screenhouse, Storage Shed
- View
- Lake
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage
Lot & Land
- Lot Features
- Accessible Shoreline
- Road Surface
- County Road
- Zoning Description
- Residential-Single Family
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Mirabella Realty
Price History
- Price reduced to $165,000 — Oct 14, 2026
23140 Oak Lane is listed in Bovey, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 23140 Oak Lane
Associate Broker · Modern Market REALTORS®
Your Bovey real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Mirabella Realty · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7136461 · Data refreshed October 14, 2026
Similar Homes for Sale Near 23140 Oak Lane, Bovey, MN
Frequently Asked Questions About 23140 Oak Lane
- Is $165,000 a good price for a home in Bovey?
- According to BuyPulse, 23140 Oak Lane rates Excellent Value — at $169/sqft it's priced 29% below the typical Bovey single-family home of $239/sqft. Its negotiating-position score is 76/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Bovey homes are closing versus list. Powered by the Realgorithm™. Browse Bovey homes for sale to compare.
- What are the special assessments at 23140 Oak Lane — and what do they mean?
- This property has $147/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $1,399/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- What type of heating and cooling does 23140 Oak Lane have?
- 23140 Oak Lane has Forced Air, Fireplace(s) heating and None cooling.
- Where is 23140 Oak Lane located?
- 23140 Oak Lane is in Bovey, MN 55709, in Itasca County.
- Is 23140 Oak Lane still available?
- Yes — 23140 Oak Lane is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 23140 Oak Lane built?
- 23140 Oak Lane was built in 1942. It features frame construction, an asphalt roof, and a other foundation.
- How walkable is 23140 Oak Lane?
- 23140 Oak Lane has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 20/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 23140 Oak Lane are for sale in Bovey?
- 3 similar homes (single-family homes between $124K and $206K in Bovey) are for sale right now — a short list right now.
- What does "M Markdowns" mean?
- M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
- What does "BuyPulse" mean?
- BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Bovey area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/17/2026, 6:09 PM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.