48957 428th Street, Perham, MN 56573
3 Beds | 2 Baths | 1,776 Sq Ft | Single Family Home | MLS# 7109370
M Markdowns — Price Reduced — was $585,000 (↓ $6,000)
$3,771/month Estimated
- Principal & interest
- $2,928
- Property taxes
- $505
- Home insurance (est.)
- $338
- HOA dues
- None
20% down ($115,800) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Hermans Woods, Perham, MN.
About This Home
Big Pine Lake in Ottertail County is an extremely sought-after lake with great fishing and a hard sandy bottom. Only minutes from Perham! One-level living with two more bedrooms upstairs makes this a perfect forever home. The Primary bedroom Suite, with a walk-in shower, walk-in closet, deck access, and loft, along with the stunning custom woodwork and beautiful lake views, was added in 2016. Two extra bedrooms upstairs, with mini splits added for heating and cooling. All new windows in 2020. The circular driveway was resurfaced in 2025. All-new KitchenAid appliances, the microwave is a convection oven hood, and the range is gas. Fresh paint, new flooring, an on-demand water heater, and a Morton water softener make this home move-in ready. The septic was updated in 2025. New garage shingles in 2020 and 25-year shingles on the house. The garage heater is new in 2021. Wrap around large deck added in 2021 with aluminum railings, and a hot tub is perfect for entertaining. There is parking for an RV with a 30-amp hookup that can be converted to 50-amp. The dock is a 44’ beach king with an 8’x8’ deck, double kayak mounts, a double bench seat, and a flagpole mount with a basketball hoop. The lake's bottom is hard and sandy with 120 feet of lakeshore, and we have yet to pick a weed in 10 years of living here. The stairs to the lake are commercial-grade steel. An Added Bonus of this property is an easement to a parcel of land just down the street that you can use for easier access to the lake if needed. This lot has a few steps to the water, but is more accessible if that is a concern. See attached info regarding this.
BuyPulse · Live market read
Is 48957 428th Street a Good Deal?
At $326/sqft, this home is priced $153/sqft above the typical Perham single-family home of $173/sqft.
The median list price in Perham is $369,700.
Verdict: Premium Pricing
Homes like this one — single-family homes between $434K and $724K in Perham:
- The field: 11 similar Perham homes for sale — you have options.
- Price cuts: 4 of 11 similar homes have trimmed asking — median trim $13,000. This one already cut $6,000.
- Too few have sold recently to chart how fast they go or how they close — BuyPulse won't estimate those off a thin sample.
Powered by the Realgorithm™ — real Perham closings, zero guesses · NorthstarMLS
Key Features
- Built
- 1992
- Garage
- 2-Car Detached
- Style
- One and One Half
- HOA
- None
- Annual Taxes
- $6,062 (2026)
Property Details
- Property Type
- Single Family
- Above Grade Sq Ft
- 1,776
- Lot Size
- 0.971 acres
- Basement
- No
- Roof
- Asphalt
- County
- Otter Tail
- List Date
- 2026-07-14
- Days on Market
- 95 days
- Parcel ID
- 52000990590000
Financial
- Total Tax incl. Assessments
- $6,062
Home Systems & Utilities
- Heating
- Baseboard, Ductless Mini-Split
- Cooling
- Ductless Mini-Split
- Water
- Drilled, Private
- Sewer
- Mound Septic, Septic System Compliant - Yes, Tank with Drainage Field
- Appliances
- Exhaust Fan, Microwave, Range, Refrigerator, Tankless Water Heater, Water Softener Owned
Interior Features
- Fireplace
- 1 fireplace
Construction & Exterior
Construction & Structure
- Foundation Type
- Block
- Foundation Area
- 1,176 sqft
- Total Building Area
- 1,840 sqft
Exterior Features
- Exterior Features
- Log Siding, Wood
- View
- Lake
- Accessibility Features
- None
Parking & Garage
- Parking Features
- Detached Garage
Lot & Land
- Road Surface
- County Road
- Zoning Description
- Shoreline
Waterfront
- Waterfront
- Yes
Agent & Office
- List Office
- Keller Williams Realty Profess
Price History
Reduced $6,000 (1.0%)
- Price reduced to $585,000 — Aug 3, 2026
- Price reduced to $579,000 — Aug 30, 2026
48957 428th Street is listed in Perham, MN, part of Otter Tail County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 48957 428th Street
Associate Broker · Modern Market REALTORS®
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Listed by Keller Williams Realty Profess · Shown by Modern Market REALTORS®
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View Full Listing & PhotosMLS# 7109370 · Data refreshed October 2, 2026
Similar Homes for Sale Near 48957 428th Street, Perham, MN
Frequently Asked Questions About 48957 428th Street
- Is $579,000 a good price for a home in Perham?
- According to BuyPulse, 48957 428th Street rates Premium Pricing — at $326/sqft it's priced 88% above the typical Perham single-family home of $173/sqft. Powered by the Realgorithm™. Browse Perham homes for sale to compare.
- What type of heating and cooling does 48957 428th Street have?
- 48957 428th Street has Baseboard, Ductless Mini-Split heating and Ductless Mini-Split cooling.
- Where is 48957 428th Street located?
- 48957 428th Street is in the Hermans Woods neighborhood of Perham, MN 56573, in Otter Tail County.
- Is 48957 428th Street still available?
- Yes — 48957 428th Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 48957 428th Street built?
- 48957 428th Street was built in 1992. It features an asphalt roof and a block foundation.
- How walkable is 48957 428th Street?
- 48957 428th Street has a Walk Score of 0/100 (Car-Dependent) and a Bike Score of 19/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
- How many homes like 48957 428th Street are for sale in Perham?
- 11 similar homes (single-family homes between $434K and $724K in Perham) 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 Perham area.
Listings courtesy of NorthstarMLS as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 10/17/2026, 6:09 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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