16361 State 87, Park Rapids, MN 56470
4 Beds | 2 Baths | 3,350 Sq Ft | Single Family Home | MLS# 7041680
Is 16361 State 87 a Good Deal?
BuyPulse Verdict
Excellent Value
At $133/sqft — This home is priced 38% below the typical Park Rapids single-family home of $216/sqft.
Powered by the Realgorithm™ — 69 active Park Rapids listings · NorthstarMLS
$2,734/month Estimated
- Principal & interest
- $2,255
- Property taxes
- $201
- Home insurance (est.)
- $260
- Special assessments
- $18
- HOA dues
- None
20% down ($89,200) · 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.
About This Home
Surrounded by trees on just over 4 acres, this log cabin-style home offers a private setting with room to live, work, and enjoy the outdoors. Featuring impressive vaulted tongue-and-groove ceilings and classic cabin-style finishes, this 4 bedroom, 2 bathroom home offers a comfortable and functional layout that leaves little to be desired. Spend evenings next to the warm wood stove in the open living room or step into the sunroom to relax in the hot tub after a long day. The maintenance-free composite deck creates the perfect space for grilling and gathering, with plenty of room for family, friends, and pets to enjoy. The outdoor space is well set up for a variety of uses. A fenced garden area with an attached shed provides space for gardening, pets or hobby farm animals, or room to grow, while the wooded acreage and trails allow for added enjoyment of the property. The heated attached garage, along with a detached garage with a heated workshop, offers practical space for vehicles, toys, and projects. Other notable features include: * Expansive kitchen with island perfect for serving and entertaining * Main level laundry room makes chores and cleanup simple * Main level bathroom with walk-in shower and tub * In-floor heat, boiler, and wood stove for flexibility and efficiency Located just minutes from Park Rapids and conveniently near Long Lake public access, this property offers the balance of privacy and accessibility that’s hard to find. A property built for everyday living, with the space and setting to enjoy it.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $335K and $558K in Park Rapids:
- The field: 23 similar Park Rapids homes for sale — you have options.
- Negotiation: 44% of the last 16 sales here closed at or over list — about half hold full price.
Powered by the Realgorithm™ — 16 real Park Rapids closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 2002
- Above Grade
- 3,350 sq ft
- Lot Size
- 4.24 acres
- Lot Features
- Irregular Lot, Tree Coverage - Medium
- Garage
- 4-car (Attached Garage, Detached Garage, Finished Garage, Heated Garage, Insulated Garage)
- Heating
- Boiler, In-Floor Heating, Wood Stove
- Cooling
- Window Unit(s)
- Appliances
- Dishwasher, Dryer, Electric Water Heater, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Sewer
- Tank with Drainage Field
- Water
- Drilled, Private, Well
- Annual Taxes
- $2,409
- Special Assessments
- $221
- County
- Hubbard
- Days on Market
- 156
16361 State 87 is listed in Park Rapids, MN, part of Hubbard County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 16361 State 87
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Park Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Realty ONE Group Choice · Shown by Modern Market REALTORS®
Buying a home in Park Rapids? — dedicated buyer representation from pre-approval through closing.
View Full Listing & PhotosMLS# 7041680 · Data refreshed August 27, 2026
Similar Homes for Sale Near 16361 State 87, Park Rapids, MN
Frequently Asked Questions About 16361 State 87
- Is $446,000 a good price for a home in Park Rapids?
- According to BuyPulse, 16361 State 87 rates Excellent Value — at $133/sqft it's priced 38% below the typical Park Rapids single-family home of $216/sqft. Powered by the Realgorithm™. Browse Park Rapids homes for sale to compare.
- What are the special assessments at 16361 State 87 — and what do they mean?
- This property has $221/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 $2,409/yr. Always factor both into your total monthly housing cost before making an offer.
- What type of heating and cooling does 16361 State 87 have?
- 16361 State 87 has Boiler, In-Floor Heating, Wood Stove heating and Window Unit(s) cooling.
- Where is 16361 State 87 located?
- 16361 State 87 is in Park Rapids, MN 56470, in Hubbard County.
- Is 16361 State 87 still available?
- Yes — 16361 State 87 is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 16361 State 87 built?
- 16361 State 87 was built in 2002. It features block, frame, log construction and a block, slab foundation.
- Does 16361 State 87 have main-floor laundry?
- Yes — the laundry at 16361 State 87 is on the main level.
- How walkable is 16361 State 87?
- 16361 State 87 has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 22/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 16361 State 87 are for sale in Park Rapids?
- 23 similar homes (single-family homes between $335K and $558K in Park Rapids) are for sale right now — you have options.
- Do homes in Park Rapids sell for asking price?
- 44% of the last 16 comparable Park Rapids sales closed at or over list price — about half hold full price. Based on real NorthstarMLS closings, not estimates.
- 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 Park Rapids area.