Active
5 beds2,154 sqft$200/sqft
30973 Rasmussen Rd, Pequot Lakes, MN 56472
Est: $2,448/moGet pre-approved
Single FamilyProperty Type
0.31 acresLot Size
1985Year Built
$200/sq ftPrice per sq ft
3 carsParking Spaces

Description

Downtown Pequot Lakes — Turnkey, Fully Furnished Home with Proven Rental Income. Beautifully renovated and fully furnished 5BR/3BA home with 3-car garage, ideally located just one block from downtown Pequot Lakes. This turnkey property offers a unique opportunity for an investor, second-home buyer, or full-time resident. Originally renovated with a $200K+ investment, the property has continued to receive improvements since October 2024, including a brand-new exterior AC unit, air exchanger, professional...Downtown Pequot Lakes — Turnkey, Fully Furnished Home with Proven Rental Income. Beautifully renovated and fully furnished 5BR/3BA home with 3-car garage, ideally located just one block from downtown Pequot Lakes. This turnkey property offers a unique opportunity for an investor, second-home buyer, or full-time resident. Originally renovated with a $200K+ investment, the property has continued to receive improvements since October 2024, including a brand-new exterior AC unit, air exchanger, professional landscaping, and numerous cosmetic updates. The spacious interior features vaulted ceilings, a generous primary suite with private bath, updated bathrooms, quartz countertops, upgraded lighting and fixtures, and a well-appointed kitchen. Enjoy the large deck, private backyard, and inviting front porch. Home is being sold fully furnished with high-end furnishings, décor, appliances, and household items. Strong rental history: approximately $40,000 in rental income in 2025 through a combination of long-term and Airbnb rentals. The property is on track for approximately $40,000 in 2026 through a long-term rental. Current tenant is leased through May 31, 2027, providing established rental income for the new owner. Rental demand has been strong, with four prospective tenants expressing interest within 72 hours when the property was offered for rent. Enjoy the convenience of being just one block from downtown, with restaurants, churches, shops, schools, and everyday amenities within easy walking distance. Families will appreciate the proximity to Pequot Lakes schools, including highly regarded Pequot Lakes High School. Outdoor enthusiasts will enjoy nearby access to the Paul Bunyan Trail, offering approximately 115 miles of trails for biking and snowmobiling. Highway 371 is just minutes away for convenient access throughout the Brainerd Lakes Area. Turnkey. Fully furnished. Updated. Income-producing. Leased through May 2027. Exceptional downtown location. A rare opportunity to own a versatile property with proven rental performance and immediate income already in place.
Days on Market Listed Today
Last updated: 09/11/2026 09:39 AM • Source: NorthStar, MLS#: 7140632

Location

Listing Courtesy of Edina Realty, Inc.
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$2,448 per month

30 year fixed, 6.71% Interest

Principal and Interest

$2,222

Property Taxes

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HOA Dues

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Property Information for 30973 Rasmussen Road

Property Details
  • Taxes: $2,717 / year
  • MLS Type: Residential / Single Family
  • Subdivision Name: COLES PLAT OF PEQUOT
  • Waterfront YN: No
  • Zoning Jurisdiction: Business/Commercial,Residential-Multi-Family
Building Information
  • Year Built: 1985
  • Lot Size: 0.31 AC / 13,503 SF
Summary
Location and General Information
  • City Name: Pequot Lakes
  • County Or Parish: Crow Wing
  • County: Crow Wing-MN
  • Directions: This home is located at the corner of Rasmussen Road and Butler Street.
  • Latitude: 46.601676
  • Longitude: -94.309937
  • Map Coordinate: 999-A1
  • City and Location: Pequot Lakes
  • City and Location Text: Pequot Lakes(MN)
  • Postal Code: 56472
  • State Or Province: MN
  • Public Survey Township: 136
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: 29100983
  • Tax Annual Amount: $2,717.00
  • Tax Legal Description: LOT 1 BLOCK 8 COLES PLAT OF PEQUOT
  • Tax Other Annual Assessment Amount: $25.00
  • Tax Year: 2026
  • Tax With Assessments: 2742
School Information
  • High School District: 186 - Pequot Lakes
  • School District Number: 186
  • School District Phone: 2185684996
Property
Lot Information
  • Above Grade Fin SQFT: 1104.0
  • Below Grade Fin SQFT: 1050.0
  • SQFT Total: 2154.0
  • Living Area Units: Square Feet
  • Lot Size Area: 0.31
  • Lot Size Dimensions: 101x129x100x144
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family
  • Property Type: Residential
  • SQFT Main Total: 1104
  • Building Area Total: 2208.0
  • Above Grade SqFt Total: 1104
  • Below Grade SqFt Total: 1104
Utilities
  • Electric: Circuit Breakers, 200+ Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Exterior Features: Wood
  • Foundation Area: 1104.0
  • Foundation Details: Block
  • Fuel: Natural Gas
  • Road Frontage Type: City Street, Curbs, Paved Streets, Street Lights
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less, Asphalt
  • Patio Porch Type: Deck,Front Porch
Interior Features
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement Type: Block, Egress Window(s), Finished, Full, Walkout
  • Amenities Unit: Deck,Porch
  • Bath Desc: 3/4 Primary,Full Basement,Main Floor Full Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 2
  • Bathrooms Total Count: 3
  • Bedrooms Total: 5
  • Fireplaces Total: 0
  • FireplaceYN: No
  • Cooling: Central Air
  • Garage Dimensions: 22' x 36'
  • Garage Square Feet: 792
  • Heating: Forced Air
  • Laundry Features: Lower Level, Laundry Room
  • Levels: Split Entry (Bi-Level)
  • Room List: Family Room, Bedroom 5, Bedroom, Bedroom 4, Kitchen, Living Room, Bedroom 2, Bedroom 3
  • Basement YN: Yes
Room Information
Room 1
  • Room Dimensions: 23' x 17'3"
  • Room Level: Lower
  • Room Type: Family Room
Room 2
  • Room Dimensions: 15' x 9'
  • Room Level: Lower
  • Room Type: Bedroom 5
Room 3
  • Room Dimensions: 23' x 13'
  • Room Level: Upper
  • Room Type: Bedroom
Room 4
  • Room Dimensions: 12'6" x 11'
  • Room Level: Lower
  • Room Type: Bedroom 4
Room 5
  • Room Dimensions: 14' x 12'
  • Room Level: Upper
  • Room Type: Kitchen
Room 6
  • Room Dimensions: 17'6" x 12'
  • Room Level: Upper
  • Room Type: Living Room
Room 7
  • Room Dimensions: 11'6" x 10'
  • Room Level: Upper
  • Room Type: Bedroom 2
Room 8
  • Room Dimensions: 11' x 10'6"
  • Room Level: Lower
  • Room Type: Bedroom 3

Property History for 30973 Rasmussen Road

DateEvent & SourcePriceAppreciation
Sep 11, 2026

Price Change

NorthStar #7140632

$429,999
Sep 11, 2026

Listed (Active)

NorthStar #7140632

May 15, 2025

Sold

NorthStar #6580129

DateEvent & SourcePrice
09/11/2026

Price Change

NorthStar #7140632

$429,999
09/11/2026

Listed (Active)

NorthStar #7140632

05/15/2025

Sold

NorthStar #6580129

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 30973 Rasmussen Road

Taxable ValueLand$53,700Additions$274,700Total$328,400
Tax Record2026$2,742 ($228 / month)
Home Facts
Beds4Baths3Total Finished SqFt2,208 SqFtAbove Grade Finished SqFt1,104 SqFtFinished Basement SqFt1,104 SqFtStories1Lot Size13,504 SqFtStyleSingle Family ResidenceYear Renovated1975CountyCROW WINGAPN29100983

Schools near 30973 Rasmussen Road

This home is within Pequot Lakes Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Eagle View Elementary School
PublicPK to 4

Pequot Lakes Middle School
Public5 to 8

Pequot Lakes Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

30973 Rasmussen Road is a single family home for sale in Pequot Lakes, MN 56472. This property was listed for sale on September 11, 2026 by Edina Realty, Inc., it's currently listed at $429,999. It has been on the market for a total of 0 days and was last sold on May 15, 2025. This listing's school district is Pequot Lakes Public Schools. Nearby schools include Eagle View Elementary School, Pequot Lakes Middle School and Pequot Lakes Senior High School. 30973 Rasmussen Road is a 5-bed, 3-bath, 2,154 sqft single family home built in 1985.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Edina Realty, Inc.

Based on information submitted to the MLS GRID as of 09/11/2026 09:39 AM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.