46020 Third River Drive, Deer River, MN 56636
3 Beds | 0 Baths | 1,092 Sq Ft | Single Family Home | MLS# 6805807
Price Reduced — was $179,500 (↓ $19,600) · M Markdowns
Is 46020 Third River Drive a Good Deal?
BuyPulse Verdict
Excellent Value
At $146/sqft — This home is priced 37% below the typical Deer River single-family home of $232/sqft.
Your Negotiating Position
80 — Strong buyer leverage
Day 326 — Deer River homes overall typically go under contract by day ~26. This one is past that window.
12 similar homes for sale — alternatives if they won't move.
This seller already cut $19,600 — motivation showing.
Powered by the Realgorithm™ — 29 active Deer River listings · NorthstarMLS
$936/month Estimated
- Principal & interest
- $809
- Property taxes
- $34
- Home insurance (est.)
- $93
- HOA dues
- None
20% down ($31,980) · 30-yr fixed, 6.5% · Can I afford this home?
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.
- 327 days on market — more than triple the usual 92 days
- Price cut 10.9% (−$19,600)
- No negative signals found in the listing history
MMR track record: Offer-Ready homes closed a median 13% below their highest asking price — vs 3% for non-flagged reduced homes. MMR analysis of 29 vs 742 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.
Located in Third River, Deer River, MN.
About This Home
If you're looking for an off-grid hunting or fishing property, then look no further! This property is set in a prime location just steps away from the Third River, which provides easy access to Lake Winnibigoshish. Ideal set up with generator power and a water barrel collection system for your non-drinking water needs. This property will come fully furnished and ready for you to turn the key to your new hunter's paradise! Give me a call today to view this great opportunity.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $120K and $200K in Deer River:
- The field: 12 similar Deer River homes for sale — you have options.
Powered by the Realgorithm™ — real Deer River closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1973
- Above Grade
- 1,092 sq ft
- Lot Size
- 2.46 acres
- Lot Features
- Accessible Shoreline, Tree Coverage - Medium, Zero Lot Line
- Heating
- Other, Wood Stove
- Cooling
- None
- Appliances
- Microwave, Range, Refrigerator
- Sewer
- None
- Water
- None
- Annual Taxes
- $408
- County
- Itasca
- Days on Market
- 326
46020 Third River Drive is listed in Deer River, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 46020 Third River Drive
Associate Broker · Modern Market REALTORS®
Your Deer River real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Grimes 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# 6805807 · Data refreshed August 27, 2026
Similar Homes for Sale Near 46020 Third River Drive, Deer River, MN
- 49231 County Road 173, Unit Cabin 6 — $175,000 · 2 bed · 1 bath
- 49231 County Road 173, Unit Cabin 7 — $175,000 · 2 bed · 1 bath
- 49231 County Road 173, Unit Cabin 8 — $175,000 · 2 bed · 1 bath
- 49231 County Road 173, Unit Cabin 4 — $180,000 · 3 bed · 2 bath
- 541 5th Street SE — $139,000 · 2 bed · 2 bath
- 48215 Hawthorn Dr — $184,000 · 3 bed · 1 bath
Frequently Asked Questions About 46020 Third River Drive
- Is $159,900 a good price for a home in Deer River?
- According to BuyPulse, 46020 Third River Drive rates Excellent Value — at $146/sqft it's priced 37% below the typical Deer River single-family home of $232/sqft. Its negotiating-position score is 80/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Deer River homes are closing versus list. Powered by the Realgorithm™. Browse Deer River homes for sale to compare.
- What type of heating and cooling does 46020 Third River Drive have?
- 46020 Third River Drive has Other, Wood Stove heating and None cooling.
- Where is 46020 Third River Drive located?
- 46020 Third River Drive is in the Third River neighborhood of Deer River, MN 56636, in Itasca County.
- Is 46020 Third River Drive still available?
- Yes — 46020 Third River Drive is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 46020 Third River Drive built?
- 46020 Third River Drive was built in 1973. It features frame construction and a block foundation.
- How walkable is 46020 Third River Drive?
- 46020 Third River Drive 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 46020 Third River Drive are for sale in Deer River?
- 12 similar homes (single-family homes between $120K and $200K in Deer River) are for sale right now — you have options.
- 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 Deer River area.