53140 Rainbow Road, Deer River, MN 56636
3 Beds | 2 Baths | 1,216 Sq Ft | Single Family Home | MLS# 7031239
Is 53140 Rainbow Road a Good Deal?
BuyPulse Verdict
Excellent Value
At $164/sqft — This home is priced 41% below the typical Deer River single-family home of $280/sqft.
Powered by the Realgorithm™ — 28 active Deer River listings · NorthstarMLS
$1,135/month Estimated
- Principal & interest
- $1,009
- Property taxes
- $10
- Home insurance (est.)
- $116
- HOA dues
- None
20% down ($39,900) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
About This Home
Built in 2023, this well-kept 3 bedroom, 2 bathroom home offers modern comfort surrounded by everything people come to northern Minnesota for. The property features a 2023 installed private well and septic system and a clean, move-in ready interior with an efficient layout designed for easy living. The real highlight is the location. Situated in the heart of some of the region’s best fishing waters, you’ll have quick access to multiple world-class lakes known for walleye, bass, and panfish. Thousands of acres of public land nearby provide incredible opportunities for hunting, hiking, and outdoor recreation, while snowmobile and ATV trails are just minutes away for year-round adventure. Whether you're looking for a primary residence, up-north getaway, or basecamp for outdoor recreation, this property puts you right in the middle of it all.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $150K and $249K 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
- 2023
- Above Grade
- 1,216 sq ft
- Lot Size
- 3.50 acres
- Heating
- Forced Air
- Cooling
- None
- Basement
- Yes
- Appliances
- Water Softener Owned
- Sewer
- Septic System Compliant - Yes
- Water
- Well
- Annual Taxes
- $122
- County
- Itasca
- Days on Market
- 176
53140 Rainbow Road is listed in Deer River, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 53140 Rainbow 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®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7031239 · Data refreshed May 27, 2026
Similar Homes for Sale Near 53140 Rainbow Road, Deer River, MN
- 48215 Hawthorn Dr — $184,000 · 3 bed · 1 bath
- 49231 County Road 173, Unit Cabin 4 — $180,000 · 3 bed · 2 bath
- 49231 County Road 173, Unit Cabin 8 — $175,000 · 2 bed · 1 bath
- 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
- 46020 Third River Drive — $159,900 · 3 bed
Frequently Asked Questions About 53140 Rainbow Road
- Is $199,500 a good price for a home in Deer River?
- According to BuyPulse, 53140 Rainbow Road rates Excellent Value — at $164/sqft it's priced 41% below the typical Deer River single-family home of $280/sqft. Powered by the Realgorithm™. Browse Deer River homes for sale to compare.
- Does 53140 Rainbow Road have a basement?
- Yes, 53140 Rainbow Road has a basement.
- What type of heating and cooling does 53140 Rainbow Road have?
- 53140 Rainbow Road has Forced Air heating and None cooling.
- Where is 53140 Rainbow Road located?
- 53140 Rainbow Road is in Deer River, MN 56636, in Itasca County.
- Is 53140 Rainbow Road still available?
- Yes — 53140 Rainbow Road is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 53140 Rainbow Road built?
- 53140 Rainbow Road was built in 2023. It features a block, slab foundation.
- How walkable is 53140 Rainbow Road?
- 53140 Rainbow Road has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 25/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 53140 Rainbow Road are for sale in Deer River?
- 12 similar homes (single-family homes between $150K and $249K in Deer River) are for sale right now — you have options.
- 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.