508 2nd Street SE, Pelican Rapids, MN 56572
3 Beds | 2 Baths | 1,870 Sq Ft | Single Family Home | MLS# 7085090
Is 508 2nd Street SE a Good Deal?
BuyPulse Verdict
Excellent Value
At $91/sqft — This home is priced 75% below the typical Pelican Rapids single-family home of $364/sqft.
Powered by the Realgorithm™ — 32 active Pelican Rapids listings · NorthstarMLS
$1,135/month Estimated
- Principal & interest
- $860
- Property taxes
- $169
- Home insurance (est.)
- $99
- Special assessments
- $7
- HOA dues
- None
20% down ($34,000) · 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 Blybergs Add, Pelican Rapids, MN.
About This Home
Pelican Rapids - 3 bedroom, 2 bath city home with full walk out basement. This comfortable home includes a main floor family room/sun room and a rec room in the walk out basement. The large lot is fenced on two sides (chain link fencing). Attached one car garage.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $128K and $213K in Pelican Rapids:
- The field: 3 similar Pelican Rapids homes for sale — a short list right now.
Powered by the Realgorithm™ — real Pelican Rapids closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1960
- Garage
- 1-Car Attached
- Style
- One
- HOA
- None
- Annual Taxes
- $2,025 (2026)
- Specials/yr
- $85
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,294
- Below Grade Sq Ft
- 576
- Lot Size
- 0.278 acres
- Basement
- Yes
- Roof
- Age 8 Years or Less, Asphalt
- Construction
- Frame
- County
- Otter Tail
- List Date
- 2026-06-02
- Days on Market
- 133 days
- Parcel ID
- 76000990281000
Financial
- Total Tax incl. Assessments
- $2,110
- Specials Pending
- No
Home Systems & Utilities
- Heating
- Forced Air
- Cooling
- Central Air
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Appliances
- Dishwasher, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Interior Features
- Laundry
- In Basement, Electric Dryer Hookup, Washer Hookup
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,294 sqft
- Total Building Area
- 2,588 sqft
Exterior Features
- Exterior Features
- Vinyl
- Fenced Area
- Yes
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Attached Garage
Lot & Land
- Road Surface
- City Street, No Outlet/Dead End, Paved Streets
- Zoning Description
- Residential-Single Family
Agent & Office
- List Office
- Coldwell Banker Preferred Partners
Price History
Listed at $170,000 on Jun 2, 2026 — No price changes
508 2nd Street SE is listed in Pelican Rapids, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 508 2nd Street SE
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Listed by Coldwell Banker Preferred Partners · 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# 7085090 · Data refreshed June 11, 2026
Similar Homes for Sale Near 508 2nd Street SE, Pelican Rapids, MN
Frequently Asked Questions About 508 2nd Street SE
- Is $170,000 a good price for a home in Pelican Rapids?
- According to BuyPulse, 508 2nd Street SE rates Excellent Value — at $91/sqft it's priced 75% below the typical Pelican Rapids single-family home of $364/sqft. Powered by the Realgorithm™. Browse Pelican Rapids homes for sale to compare.
- What are the special assessments at 508 2nd Street SE — 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 $2,025/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
- Does 508 2nd Street SE have a basement?
- Yes, 508 2nd Street SE has a basement with 576 sq ft of below-grade space.
- What type of heating and cooling does 508 2nd Street SE have?
- 508 2nd Street SE has Forced Air heating and Central Air cooling.
- Where is 508 2nd Street SE located?
- 508 2nd Street SE is in the Blybergs neighborhood of Pelican Rapids, MN 56572, in Otter Tail County.
- Is 508 2nd Street SE still available?
- 508 2nd Street SE is currently pending. The seller may still accept backup offers — contact us to learn more.
- When was 508 2nd Street SE built?
- 508 2nd Street SE was built in 1960. It features frame construction and a block foundation.
- Does 508 2nd Street SE have main-floor laundry?
- No — the laundry at 508 2nd Street SE is in the lower level.
- How walkable is 508 2nd Street SE?
- 508 2nd Street SE has a Walk Score of 53/100 (Somewhat Walkable) and a Bike Score of 49/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 508 2nd Street SE are for sale in Pelican Rapids?
- 3 similar homes (single-family homes between $128K and $213K in Pelican Rapids) are for sale right now — a short list right now.
- 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.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/13/2026, 7:59 PM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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