This aerial photo shows how the property is situated as well as the approximate dimensions.
Even though the vast majority of the properties we sell are located in the beautiful Missouri Ozarks, from time to time we offer a special property in a different area. This is one of those times and one of those special properties.
This private tract is about 9.2 acres in size and is located about 20 minutes from the town of Thief River Falls in northern Minnesota. The Red Lake River borders the south side of this acreage giving it over 1,500 feet of DIRECT river frontage.
Please click on the photos/maps on the left side of the screen for more details about this river-front property.
The full sales price for the entire 9.2 acre tract is $39,500. With $500.00 down the monthly payment will be $420.00 with an annual interest rate of 9 3/4%. Taxes are only about $90 a year and are already included in the monthly payment. There are no prepayment penalties, no hidden fees and no balloon payments.
Please note that a larger down payment will substantially reduce your interest rate and monthly payment amount. With $1,500 down your rate drops to 7 3/4% and your monthly payment drops to $365.00. With $2,500 down your rate drops to 6 3/4% and your payment drops to $335.00. With $5,000 down your rate drops to 5 3/4% and your payment drops to $295.00. Also please note that you have 12 months to ADD to your down payment in order to reduce your interest rate and payment amount!
The property has an open meadow as well as area with huge trees. There are numerous river-front camping sites on the property.
Click on the photo above to watch a video of the property.
Please note that like much of the land along the river this parcel is within the boundaries of the 100 year flood zone. There are several house nearby (and across) the river and the folks we talked to said they had never seen the water high enough to be on the land. Keep in mind, however, that if you build a large cabin or a home and you wish to obtain financing from a bank, the bank will almost certainly require you to buy flood insurance.
This tent is right next to the river (although about 6-8 feet above the water). There are several other spots on the property that would also make excellent private campsites.
Directions to the property
To get to the property from Thief River Falls go east on Highway 1 for eleven miles, then go south on County Road 22 for four miles. Now go east (left) onto County Road 6. Go EXACTLY half a mile on County Road 6 and then go south (right) onto the minimum maintenance Township Road which will take you to the property. Stay on the Township Road for half a mile then turn right and you are there. PLEASE be sure to print out all of the maps/directions before you visit the property as it can be a little tricky the first time. We will be happy to email you the maps/directions if you are not able to download them. ALSO PLEASE NOTE that it has been very cold and snowy in the Thief River Falls area over the last few weeks so if you plan to visit the property now be sure to drive your four wheel drive!
The west side of the property is covered with huge oak trees.
The full sales price for the entire 9.2 acre tract is $39,500. With $500.00 down the monthly payment will be $420.00 with an annual interest rate of 9 3/4%. Taxes are only about $90 a year and are already included in the monthly payment. There are no prepayment penalties, no hidden fees and no balloon payments.
Please note that a larger down payment will substantially reduce your interest rate and monthly payment amount. With $1,500 down your rate drops to 7 3/4% and your monthly payment drops to $365.00. With $2,500 down your rate drops to 6 3/4% and your payment drops to $335.00. With $5,000 down your rate drops to 5 3/4% and your payment drops to $295.00. Also please note that you have 12 months to ADD to your down payment in order to reduce your interest rate and payment amount!
If this is the property for you than please choose your down payment amount in the box below. Also please feel free to give us a call and we will be happy to answer any questions or just chat about the property. Please Note that even if you choose to make the minimum down payment of $500 you will have a FULL SIX MONTHS to add to your down payment in order to reduce your interest rate and monthly payment.
