Lori Gustafson

48957 428th Street

Perham, MN
$ 579,000 Beds 3 Baths 2 Sq 1,776
Monthly Estimate* How much can I afford?

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.

Single Family

  • Price
  • $ 579,000
  • City
  • Perham
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • OTTER TAIL
  • Half Bathrooms
  • 0
  • Area
  • Hermans Woods
  • Lot Size
  • 0.971 Acres
  • Zip
  • 56573
  • Sqr Footage
  • 1,776
  • Year Built
  • 1992
  • Taxes
  • $ 6062
  • Style
  • Single Family
  • MLS#
  • 7109370
Listed By: Keller Williams Realty Profess
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1776
Sewer Mound Septic,Septic System Compliant - Yes,Tank with Drainage Field
Heating Baseboard,Ductless Mini-Split
Cooling Ductless Mini-Split
Roof Asphalt
Appliances Exhaust Fan,Microwave,Range,Refrigerator,Tankless Water Heater,Water Softener Owned
Garage Spaces 2
Year Built 1992
View Lake
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front
Accessibility None
County Otter Tail
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Hermans Woods
Full Baths 2
Directions From Perham,Take Highway 10 East to County Highway 53,Left on Minnesota St,Right on 490th then left on 428th St to Property
City Perham
High School District Perham-Dent
Zoning Description Shoreline
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 6062
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Perham

Interior Features

Basement Crawl Space
Total Fireplaces 1
Fireplace Features Gas,Living Room
Basement (Y/N) No
Fireplace Y/N Yes
Above Grade Finished Area 1776
Total Bedrooms 3
Total Baths 2
Bath Desc Full Primary,Private Primary,Main Floor Full Bath
Fuel Electric,Natural Gas
Garage Dimensions 28x30
Garage Square Feet 840
Waterfront Feet 120

Exterior Features

Parking Features Detached Garage
Water Source Drilled,Private
Lot Size Area 0.971
Building Area Total 1840
Lot Dimensions 119 x 347 x 120 x 359
Waterfront Y/N Yes
Foundation Area 1176
Road Frontage Type County Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

7/14/2026 Listed $599,000
8/3/2026 3% - $585,000
8/30/2026 2% - $579,000

Property vs Zip Code Average in 56573

Price
AVG $830K
$580K
Taxes
AVG $3,478
$6,062
Year Built
AVG 1986
1992
Visits
AVG 78
35
Data Provided by Inside Real Estate®

Areas That We Cover

48957 428th Street Perham, MN is a Single Family Home for sale at $579000 with 1776 sqft and a lot size of 0.971 Acres Acre(s). 48957 428th Street Perham has 3 bedrooms, 2 baths and was built in 1992. The property's zip code is 56573 which is in Perham, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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