27026 Hoot Owl Drive, Merrifield, MN 56465
5 Beds | 3 Baths | 4,223 Sq Ft | Single Family Home | MLS# 7071397
Price Reduced — was $864,900 (↓ $40,000) · M Markdowns
Is 27026 Hoot Owl Drive a Good Deal?
BuyPulse Verdict
Excellent Value
At $195/sqft — This home is priced 48% below the typical Merrifield single-family home of $379/sqft.
Your Negotiating Position
76 — Strong buyer leverage
Day 130 — Merrifield homes overall typically go under contract by day ~9. This one is past that window.
3 similar homes for sale — alternatives if they won't move.
This seller already cut $40,000 — motivation showing.
Powered by the Realgorithm™ — 18 active Merrifield listings · NorthstarMLS
$5,132/month Estimated
- Principal & interest
- $4,171
- Property taxes
- $478
- Home insurance (est.)
- $481
- Special assessments
- $2
- HOA dues
- None
20% down ($164,980) · 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.
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.
- 130 days on market — more than double the usual 47 days
- Price cut 4.6% (−$40,000)
- 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.
About This Home
Looking for a lakefront setting where your boat, trailer and RVs have a year-round place to stay, too? It's all right here on Upper Mission Lake, along with a lot more than one would ever expect, including an expansive house on 4.23 acres plus another 15.8 acres, complete with a multi-bay service shop, towering overhead doors, fenced gardens and more. It's the perfect setup for a car or boat collector, or a home-based mechanic or detailing business. Venture through the scenic, winding woods to what is aptly named Hoot Owl Point. A multi-bay service garage includes five separate service bays. And the sprawling home leaves no shortage of space for family and guests. Keep cool and entertained in the sprawling basement that includes a pool table and jukebox. The main level features a great living room with high-vaulted ceiling and convenient access to the kitchen. Three separate fireplaces ensure everyone will be warm in the winter, and a three-season porch lined with windows offers backyard and garden views with plenty of space for morning breakfast or afternoon reading while the sun beams in. A fully natural shoreline with native shrubs and lilies keeps the wildlife on display while a neighboring easement ensures that new homeowners have their own dock and easy lake access. Bring everything you have and more. There's plenty of room at Hoot Owl Point!
Virtual Tour
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $619K and $1.0M in Merrifield:
- The field: 3 similar Merrifield homes for sale — a short list right now.
Powered by the Realgorithm™ — real Merrifield closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1966
- Above Grade
- 3,309 sq ft
- Below Grade
- 914 sq ft
- Lot Size
- 20.12 acres
- Lot Features
- Tree Coverage - Medium
- Garage
- 6-car (Attached Garage, Detached Garage, Gravel, Garage Door Opener, Heated Garage, Insulated Garage)
- Heating
- Forced Air, Fireplace(s)
- Cooling
- Central Air
- Basement
- Finished
- Appliances
- Cooktop, Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Water Filtration System, Iron Filter, Microwave, Trash Compactor, Wall Oven, Washer, Water Softener Owned
- Sewer
- Septic System Compliant - Yes, Tank with Drainage Field
- Water
- 4-Inch Submersible, Drilled, Private, Well
- Annual Taxes
- $5,733
- Special Assessments
- $25
- County
- Crow Wing
- Days on Market
- 130
27026 Hoot Owl Drive is listed in Merrifield, MN, part of Crow Wing County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 27026 Hoot Owl Drive
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View Full Listing & PhotosMLS# 7071397 · Data refreshed September 17, 2026
Similar Homes for Sale Near 27026 Hoot Owl Drive, Merrifield, MN
Frequently Asked Questions About 27026 Hoot Owl Drive
- Is $824,900 a good price for a home in Merrifield?
- According to BuyPulse, 27026 Hoot Owl Drive rates Excellent Value — at $195/sqft it's priced 48% below the typical Merrifield single-family home of $379/sqft. Its negotiating-position score is 76/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Merrifield homes are closing versus list. Powered by the Realgorithm™. Browse Merrifield homes for sale to compare.
- What are the special assessments at 27026 Hoot Owl Drive — and what do they mean?
- This property has $25/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 $5,733/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 27026 Hoot Owl Drive have a basement?
- Yes, 27026 Hoot Owl Drive has a finished basement with 914 sq ft of below-grade space.
- What type of heating and cooling does 27026 Hoot Owl Drive have?
- 27026 Hoot Owl Drive has Forced Air, Fireplace(s) heating and Central Air cooling.
- Where is 27026 Hoot Owl Drive located?
- 27026 Hoot Owl Drive is in Merrifield, MN 56465, in Crow Wing County.
- Is 27026 Hoot Owl Drive still available?
- Yes — 27026 Hoot Owl Drive is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 27026 Hoot Owl Drive built?
- 27026 Hoot Owl Drive was built in 1966. It features frame construction and a block foundation.
- How many homes like 27026 Hoot Owl Drive are for sale in Merrifield?
- 3 similar homes (single-family homes between $619K and $1.0M in Merrifield) 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 Merrifield area.