Parkwood On The Lakes 4th Add
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About this home
Welcome to East Terrace Cooperative, a Hidden Gem in Cambridge, MN. Nestled in a lovely residential neighborhood, East Terrace Cooperative is a premier 55+ community just minutes away from excellent shopping, dining, and recreation. Here, you can truly enjoy maintenance-free living at its finest! When you purchase a share in this cooperative, your investment grows while you enjoy lower monthly costs through shared services. • How it works: You are purchasing the equity paid by the seller and assuming a portion of the building’s master mortgage allocated to your specific unit. • Simple qualification: Once financially qualified, you assume your share of the master mortgage, making the transition seamless. What’s Included? Your monthly member fee of $1,732.00 takes the guesswork out of budgeting. It is an all-inclusive fee that covers: • Financials: Your portion of the master mortgage (principal, interest, and mortgage insurance), property taxes, and master building insurance. • Utilities: Heat, water, sewer, trash removal, internet, cable, phone, and common area electricity/AC. • Maintenance & Management: Professional management, standard replacements, and all repairs/maintenance for both your unit and common areas (including appliances and fixtures). Member Responsibility: Members are only responsible for their personal unit electricity and an HO6 insurance policy. Home & Community Features Enjoy a spacious, one-level layout boasting 1,067 square feet of comfortable living space with recent modern updates. Beyond your front door, you’ll have access to fantastic, shared amenities: • Community room & library • Fitness area & workshop • Large outdoor deck • On-site car wash • Convenient laundry rooms on each level At East Terrace, you aren't just buying a share in a cooperative; you're joining a community. You even have the opportunity to join a committee and have a direct voice in the cooperative's operations!
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Home facts
Facts & features
Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Bath breakdown
- 1 3/4 / 1 half
- Heating
- Forced Air
- Cooling
- Central Air
- Appliances
- Dishwasher, Disposal, Range, Refrigerator
Property
- Levels / stories
- One
- Garage
- 1 space
- Parking features
- Assigned, Attached Garage, Asphalt, Garage Door Opener, Guest Parking, Heated Garage, Parking Lot, Paved Lot, Tuckunder Garage, Underground
- Patio & porch
- Deck
- Exterior features
- Stone, Metal, Vinyl
- Lot size
- 0.012 acres
Construction
- Property type
- Residential
- Property subtype
- (CC) Low Rise (3- Levels)
- Construction materials
- Block, Frame
- Foundation
- Brick/Mortar · 1,067 sqft
- Roof
- Age 8 Years or Less
- Year built
- 2006
Utilities
- Water
- City Water/Connected
- Sewer
- City Sewer/Connected
- Fuel
- Natural Gas
- Electric
- Circuit Breakers
Community & HOA
- Subdivision
- Parkwood On The Lakes 4th Add
- HOA
- $1,732/month
- HOA name
- Ebenezer Management Services
- HOA phone
- 7635520709
- HOA includes
- Air Conditioning, Building Exterior, Cable TV, Controlled Access, Gas, Hazard Insurance, Heating, Internet, Lawn Care, Maintenance Grounds, Professional Mgmt, Sanitation, Security System, Sewer, Shared Amenities, Snow Removal, Taxes, Water
- HOA amenities
- Car Wash, Laundry, Common Garden, Deck, Elevator(s), Fire Sprinkler System, In-Ground Sprinkler System, Lobby Entrance, Security Building
Financial & listing details
- Annual tax
- $810 (2025)
- Listed
- Jul 16, 2026
- Days on market
- 74 · 1 cumulative
- Manufactured home
- Yes
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
2155 6th Lane #206, Cambridge, MN, 55008
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Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
