1971 single family home for sale at 43951 Percheron Loop in Pelican Rapids, MN — 4 bed, 4 bath (photo 1 of 54)

43951 Percheron Loop, Pelican Rapids, MN 56572

4 Beds | 4 Baths | 2,760 Sq Ft | Single Family Home | MLS# 7040820

M Markdowns — Price Reduced — was $750,000 (↓ $10,000)

$740,000

Is 43951 Percheron Loop a Good Deal?

BuyPulse Grade

Below Market

At $268/sqft — This home is priced 19% below the typical Pelican Rapids single-family home of $332/sqft.

Powered by the Realgorithm™ — 43 active Pelican Rapids listings · NorthstarMLS

$4,418/month Estimated

Principal & interest
$3,742
Property taxes
$237
Home insurance (est.)
$432
Special assessments
$7
HOA dues
None

20% down ($148,000) · 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.

Pelican Rapids, MN Active

Located in Geske Add, Pelican Rapids, MN.

About This Home

Lakeside Living Meets Everyday Luxury – Just Minutes from Pelican Rapids! This beautifully maintained 4-bedroom, 4-bath home offers the perfect blend of comfort, convenience, and waterfront charm, just 2 miles from Pelican Rapids on Highway 59.. Property Highlights: - Spacious & Smart Layout: 4 bedrooms and 4 bathrooms provide room to spread out and unwind, with heated floors in 2 baths adding a cozy touch. - Outdoor Oasis: Maintenance-free wraparound deck (new fall 2020), propane grill hookup, and included dock make lake life a breeze. - Shoreline Paradise: Clear water and a nice stretch of shoreline create the ideal setting for fishing, swimming, or relaxing sunsets. -Updates: - Steel siding (July 2021) - New shingles (July 2024) - New well (May 2025) -Newly remodeled sunroom (2025) - Fiber optic internet for reliable streaming & work-from-home setup - Year-Round Comfort: Heated, insulated garage featuring a Marathon water heater and cozy propane stove in the living room ensure a warm welcome no matter the season.

BuyPulse™ — Live Market Read

Homes like this one — single-family homes between $555K and $925K in Pelican Rapids:

  • The field: 17 similar Pelican Rapids homes for sale — you have options.

Powered by the Realgorithm™ — real Pelican Rapids closings, zero guesses · NorthstarMLS

Key Features

Property Type
Single Family
Year Built
1971
Above Grade
2,760 sq ft
Lot Size
0.93 acres
Garage
2-car (Attached Garage)
Heating
Forced Air, In-Floor Heating
Cooling
Central Air
Basement
Yes
Sewer
Septic System Compliant - Yes
Water
Well
Annual Taxes
$2,844
Special Assessments
$85
County
Otter Tail
Days on Market
150

43951 Percheron Loop is listed in Pelican Rapids, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 43951 Percheron Loop

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Pelican Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

Listed by Park Co., REALTORS® · Shown by Modern Market REALTORS®

Schedule a Home Tour View Full Listing & Photos

MLS# 7040820 · Data refreshed August 19, 2026

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Frequently Asked Questions About 43951 Percheron Loop

Is $740,000 a good price for a home in Pelican Rapids?
At $268/sqft, this home is priced below the typical Pelican Rapids single-family home of $332/sqft (19% lower), according to our BuyPulse comparison of comparable active listings. Browse Pelican Rapids homes for sale to compare.
What are the special assessments at 43951 Percheron Loop — and what do they mean?
This property has $85/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 $2,844/yr. Always factor both into your total monthly housing cost before making an offer.
Does 43951 Percheron Loop have a basement?
Yes, 43951 Percheron Loop has a basement.
What type of heating and cooling does 43951 Percheron Loop have?
43951 Percheron Loop has Forced Air, In-Floor Heating and Central Air cooling.
Where is 43951 Percheron Loop located?
43951 Percheron Loop is in the Geske neighborhood of Pelican Rapids, MN 56572, in Otter Tail County.
Is 43951 Percheron Loop still available?
Yes — 43951 Percheron Loop is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 43951 Percheron Loop built?
43951 Percheron Loop was built in 1971. It features a block, slab foundation.
How many homes like 43951 Percheron Loop are for sale in Pelican Rapids?
17 similar homes (single-family homes between $555K and $925K in Pelican Rapids) are for sale right now — you have options.
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 Pelican Rapids area.