46020 Third River Drive, Deer River, MN 56636
3 Beds | 0 Baths | 1,092 Sq Ft | Single Family Home | MLS# 6805807Waterfront on Third River
Price Reduced — was $159,900 (↓ $10,900) · M Markdowns
$933/month Estimated
- Principal & interest
- $812
- Property taxes
- $34
- Home insurance (est.)
- $87
- HOA dues
- None
20% down ($29,800) · 30-yr fixed, 7.24%
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Estimates only; confirm before you offer.
50 earns the badge · a typical active home here scores ~0
The price here has already come down — the numbers point to real room to negotiate.
- 380 days on market — more than double the usual 145 days
- Price cut 6.8% (−$10,900)
- 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.
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
How 46020 Third River Drive Compares to the Deer River Market
At $136/sqft, this home is priced $87/sqft below the typical Deer River single-family home of $223/sqft.
The median list price in Deer River is $199,000.
Verdict: Excellent Value
Homes like this one — single-family homes between $112K and $186K in Deer River:
- The field: 7 similar Deer River homes for sale — a short list right now.
- Price cuts: 5 of 7 similar homes have trimmed asking — median trim $15,000. This one already cut $10,900.
- 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 Deer River closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1973
- Style
- One
- HOA
- None
- Annual Taxes
- $408 (2025)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,092
- Lot Size
- 2.46 acres
- Basement
- No
- Roof
- Age 8 Years or Less
- Construction
- Frame
- County
- Itasca
- List Date
- 2025-10-20
- Days on Market
- 380 days
- Parcel ID
- 824500140
Financial
- Total Tax incl. Assessments
- $408
Home Systems & Utilities
- Heating
- Other, Wood Stove
- Cooling
- None
- Water
- None
- Sewer
- None
- Appliances
- Microwave, Range, Refrigerator
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,104 sqft
- Total Building Area
- 1,092 sqft
Exterior Features
- Exterior Features
- Engineered Wood
- Other Structures
- Other, Storage Shed
- View
- River
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Open
Lot & Land
- Lot Features
- Accessible Shoreline, Tree Coverage - Medium, Zero Lot Line
- Zoning Description
- Other
Waterfront
- Waterfront
- Yes
- Body of Water
- Third River
Agent & Office
- List Office
- Grimes Realty
Price History
- Price reduced to $149,000 — Oct 22, 2026
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 · Updated October 22, 2026
Similar Homes for Sale Near 46020 Third River Drive, Deer River, MN
- 42307 Rajala Road — $150,000
- 49231 County Road 173, Cabin 9 — $145,000 · 1 bed · 1 bath
- 49231 County Road 173, Cabin 7 — $175,000 · 2 bed · 1 bath
- 49231 County Road 173, Cabin 8 — $175,000 · 2 bed · 1 bath
- 49231 County Road 173, Cabin 6 — $175,000 · 2 bed · 1 bath
- 49231 County Road 173, Cabin 4 — $180,000 · 3 bed · 2 bath
Frequently Asked Questions About 46020 Third River Drive
- Is $149,000 a good price for a home in Deer River?
- According to BuyPulse, 46020 Third River Drive rates Excellent Value — at $136/sqft it's priced 39% below the typical Deer River single-family home of $223/sqft. 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 many homes like 46020 Third River Drive are for sale in Deer River?
- 7 similar homes (single-family homes between $112K and $186K in Deer River) 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 Deer River area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 11/04/2026, 10:29 AM CST. 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.
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