185 Peterson Road, Grand Rapids, MN 55744
M Premiere — Just Listed — listed August 10, 2026
3 Beds | 2 Baths | 1,248 Sq Ft | Single Family Home | MLS# 7124271
BuyPulse Grade
Above Market
At $237/sqft — This home is priced 16% above the typical Grand Rapids single-family home of $205/sqft.
Powered by the Realgorithm™ — 77 active Grand Rapids listings · NorthstarMLS
$1,828/month Estimated
- Principal & interest
- $1,497
- Property taxes
- $151
- Home insurance (est.)
- $173
- Special assessments
- $7
- HOA dues
- None
20% down ($59,200) · 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.
Deciding Week · Day 3 of 7
18% of the last 11 homes like this one went under contract within the first week.
Day count from the MLS listing date · cohort stats from the last 90 days · NorthstarMLS
About This Home
Charming one-level home located on the edge of Grand Rapids. This 3-bedroom, 1.75-bath home has been extensively updated throughout the interior and is move-in ready. The open-concept layout features a custom kitchen, updated bathrooms, and comfortable one-level living. Outside, you’ll find a 30x40 shop with a full second level, currently used for storage but offering plenty of potential for other uses. Situated on 1 acre with a large backyard, there’s plenty of room for kids, pets, and outdoor activities. If you’re looking for move-in-ready, low-maintenance one-level living just minutes from Grand Rapids, come take a look!
BuyPulse™ — Live Market Read
Homes like this one — ramblers between $222K and $370K in Grand Rapids:
- The field: 13 similar Grand Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 20 days — 2 of the last 11 inside 4 days.
- Negotiation: 44% of the last 18 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 18 real Grand Rapids closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1940
- Above Grade
- 1,248 sq ft
- Lot Size
- 1.00 acres
- Garage
- 4-car (Detached Garage, Paved Lot)
- Heating
- Forced Air, Outdoor Boiler
- Cooling
- None
- Sewer
- Private Sewer
- Water
- Sand Point
- Annual Taxes
- $1,817
- Special Assessments
- $81
- County
- Itasca
- Days on Market
- 2
185 Peterson Road is listed in Grand Rapids, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 185 Peterson Road
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Grand Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by MN DIRECT PROPERTIES · 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# 7124271 · Data refreshed August 11, 2026
More Homes for Sale in Grand Rapids, MN
Frequently Asked Questions About 185 Peterson Road
- Is $296,000 a good price for a home in Grand Rapids?
- At $237/sqft, this home is priced near the typical Grand Rapids single-family home of $205/sqft (16% higher), according to our BuyPulse comparison of comparable active listings. Browse Grand Rapids homes for sale to compare.
- What are the special assessments at 185 Peterson 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 $1,817/yr. Always factor both into your total monthly housing cost before making an offer.
- What type of heating and cooling does 185 Peterson Road have?
- 185 Peterson Road has Forced Air, Outdoor Boiler heating and None cooling.
- Where is 185 Peterson Road located?
- 185 Peterson Road is in Grand Rapids, MN 55744, in Itasca County.
- Is 185 Peterson Road still available?
- Yes — 185 Peterson Road is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 185 Peterson Road built?
- 185 Peterson Road was built in 1940. It features a slab foundation.
- Does 185 Peterson Road have main-floor laundry?
- Yes — the laundry at 185 Peterson Road is on the main level.
- How many homes like 185 Peterson Road are for sale in Grand Rapids?
- 13 similar homes (ramblers between $222K and $370K in Grand Rapids) are for sale right now — you have options.
- How fast do homes like 185 Peterson Road sell in Grand Rapids?
- Homes like this one (ramblers between $222K and $370K in Grand Rapids) went pending in a median 20 days over the last 90 days — 2 of the last 11 went under contract within 4 days.
- Do homes in Grand Rapids sell for asking price?
- 44% of the last 18 comparable Grand Rapids sales closed at or over list price — about half hold full price. Based on real NorthstarMLS closings, not estimates.
- What does "M Premiere" mean?
- M Premiere™ is Modern Market REALTORS®’ early-access tracker for homes entering NorthstarMLS during the critical first 96 hours on market. Well-priced homes in Fargo-Moorhead frequently receive their strongest buyer attention in that opening window. M Premiere surfaces new inventory the moment it lists — so buyers can act before a home becomes widely discovered.
- 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 Grand Rapids area.