48316 Pillar Road, Deer River, MN 56636
2 Beds | 2 Baths | 2,149 Sq Ft | Single Family Home | MLS# 7087300
Price Reduced — was $489,900 (↓ $10,000) · M Markdowns
BuyPulse Grade
Below Market
At $223/sqft — This home is priced 27% below the typical Deer River single-family home of $304/sqft.
Powered by the Realgorithm™ — 31 active Deer River listings · NorthstarMLS
$2,786/month Estimated
- Principal & interest
- $2,427
- Property taxes
- $72
- Home insurance (est.)
- $280
- Special assessments
- $7
- HOA dues
- None
20% down ($95,980) · 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.
About This Home
Experience the best of Up North living on highly sought-after Jessie Lake, known as one of the area's premier walleye fishing lakes. This charming lake home or cabin offers over 400 feet of shoreline, nearly 2 acres of privacy, and a peaceful setting at the end of a dead-end road. The property features attractive half-log siding and a newly updated 4-stall garage with LP SmartSide siding, including two insulated and heated stalls—perfect for storing all your lake toys and outdoor equipment. Inside, you'll love the open kitchen and dining area with panoramic lake views and abundant natural light. Nearly every room in the home captures breathtaking views of the water. A cozy fireplace creates the perfect gathering space, while the lakeside deck provides an ideal spot to relax and enjoy sunsets over the lake. Numerous updates have already been completed, including a new roof, Marvin windows, updated electrical, flooring, and a 110-foot dock. Whether you're looking for a year-round home or a seasonal retreat, this Jessie Lake property offers privacy, stunning views, excellent fishing, and the true Northwoods lifestyle.
Virtual Tour
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $360K and $600K in Deer River:
- The field: 4 similar Deer River homes for sale — a short list right now.
Powered by the Realgorithm™ — real Deer River closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1967
- Above Grade
- 1,849 sq ft
- Below Grade
- 300 sq ft
- Lot Size
- 1.94 acres
- Lot Features
- Irregular Lot, Tree Coverage - Medium
- Garage
- 4-car (Detached Garage, Electric, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage)
- Heating
- Forced Air
- Cooling
- None
- Basement
- Yes
- Sewer
- Private Sewer
- Water
- Well
- Annual Taxes
- $863
- Special Assessments
- $81
- County
- Itasca
- Days on Market
- 63
48316 Pillar Road is listed in Deer River, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 48316 Pillar Road
Shannon Barnum
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 EDGE OF THE WILDERNESS REALTY · Shown by Modern Market REALTORS®
Buying a home in Deer River? — dedicated buyer representation from pre-approval through closing.
View Full Listing & PhotosMLS# 7087300 · Data refreshed June 24, 2026
More Homes for Sale in Deer River, MN
- 52875 County Road 155 — $489,900 · 3 bed · 1 bath
- 35291 N Johnson Lake Road — $349,900 · 2 bed · 1 bath
- 49395 Holasek Road — $389,900 · 3 bed · 2 bath
- 10401 Vermillion Point Drive NE — $350,000 · 2 bed · 1 bath
- 45161 County Road 35 — $459,900 · 3 bed · 2 bath
- 49231 County Road 173, Unit Cabin 12 — $315,000 · 8 bed · 3 bath
Frequently Asked Questions About 48316 Pillar Road
- Is $479,900 a good price for a home in Deer River?
- At $223/sqft, this home is priced below the typical Deer River single-family home of $304/sqft (27% lower), according to our BuyPulse comparison of comparable active listings. Browse Deer River homes for sale to compare.
- What are the special assessments at 48316 Pillar Road — and what do they mean?
- This property has $81/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 $863/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 48316 Pillar Road have a basement?
- Yes, 48316 Pillar Road has a basement with 300 sq ft of below-grade space.
- What type of heating and cooling does 48316 Pillar Road have?
- 48316 Pillar Road has Forced Air heating and None cooling.
- Where is 48316 Pillar Road located?
- 48316 Pillar Road is in Deer River, MN 56636, in Itasca County.
- Is 48316 Pillar Road still available?
- Yes — 48316 Pillar Road is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 48316 Pillar Road built?
- 48316 Pillar Road was built in 1967. It features frame construction and a block foundation.
- Does 48316 Pillar Road have main-floor laundry?
- No — the laundry at 48316 Pillar Road is in the lower level.
- How many homes like 48316 Pillar Road are for sale in Deer River?
- 4 similar homes (single-family homes between $360K and $600K 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.