47209 Franklin Court, Pelican Rapids, MN 56572
2 Beds | 1 Bath | 640 Sq Ft | Single Family Home | MLS# 7109844
Is 47209 Franklin Court a Good Deal?
BuyPulse Verdict
Excellent Value
At $297/sqft — This home is priced 24% below the typical Pelican Rapids single-family home of $391/sqft.
Powered by the Realgorithm™ — 33 active Pelican Rapids listings · NorthstarMLS
$1,262/month Estimated
- Principal & interest
- $961
- Property taxes
- $108
- Home insurance (est.)
- $111
- Special assessments
- $7
- HOA dues
- $75/mo
20% down ($38,000) · 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.
Located in Franklin Lake, Pelican Rapids, MN.
About This Home
FRANKLIN LAKE - Level lot and newly updated cabin with large lakeside deck and only a few easy steps to your own dock! This is a great opportunity to own property on Franklin Lake at a more affordable price! Sand shoreline, hard bottom lake frontage, and catch fish off your own private dock!! Cabin interior has been totally remodeled in 2026 to include a new kitchen with stainless steel appliances, new bath with shower, new windows, and new mechanical. Located in a Common Interest Community, you own the cabin while sharing the grounds, and lawn care is handled for you, allowing for low maintenance lake living. Franklin Lake Condominiums Association has 7 units, each with their own dock.
Key Features
- Property Type
- Single Family
- Year Built
- 1940
- Above Grade
- 640 sq ft
- Heating
- None
- Cooling
- Wall Unit(s)
- Appliances
- Dishwasher, Electric Water Heater, Range, Refrigerator, Stainless Steel Appliances
- Sewer
- Holding Tank
- Water
- Shared System, Well
- HOA
- $900/Annually (includes Beach Access, Lawn Care, Parking, Sanitation, Water)
- Annual Taxes
- $1,295
- Special Assessments
- $85
- County
- Otter Tail
- Days on Market
- 67
47209 Franklin Court is listed in Pelican Rapids, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 47209 Franklin Court
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Listed by Coldwell Banker Preferred Partners · Shown by Modern Market REALTORS®
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View Full Listing & PhotosMLS# 7109844 · Data refreshed September 11, 2026
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Frequently Asked Questions About 47209 Franklin Court
- Is $190,000 a good price for a home in Pelican Rapids?
- According to BuyPulse, 47209 Franklin Court rates Excellent Value — at $297/sqft it's priced 24% below the typical Pelican Rapids single-family home of $391/sqft. Powered by the Realgorithm™. Browse Pelican Rapids homes for sale to compare.
- What are the special assessments at 47209 Franklin Court — 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 $1,295/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 47209 Franklin Court have an HOA?
- Yes, 47209 Franklin Court has a homeowners association with dues of $900 annually. HOA includes: Beach Access, Lawn Care, Parking, Sanitation, Water.
- What type of heating and cooling does 47209 Franklin Court have?
- 47209 Franklin Court has None heating and Wall Unit(s) cooling.
- Where is 47209 Franklin Court located?
- 47209 Franklin Court is in the Franklin Lake neighborhood of Pelican Rapids, MN 56572, in Otter Tail County.
- Is 47209 Franklin Court still available?
- Yes — 47209 Franklin Court is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 47209 Franklin Court built?
- 47209 Franklin Court was built in 1940. It features frame construction, an other roof, and a other foundation.
- How walkable is 47209 Franklin Court?
- 47209 Franklin Court has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 8/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
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