Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $3,218 (2025).

What school district is this property in?

This property is in the 728 - Elk River school district.

Does this home have a garage?

Yes, this home has a 2-car garage.

How long has this property been on the market?

This property was listed for 14 days.

Sold / Closed

$325,000

Sold price · Closed Sep 11, 2026

$205/sqft

North Terrace Add

515 School Street NW, Elk River, MN, 55330

4 Bedrooms2 Bathrooms1,561 Square Feet0.2 Acres

Days on market14

Year built1971

Garage spaces2

TypeResidential

Est. $6,600buyer credit when you buy with SODL

About this home

Welcome to this charming split-level home ideally situated directly across from Lincoln Elementary School in Elk River. The bright main level features an open-concept living and dining area with sliding glass doors opening directly to the back deck—perfect for stepping outside to enjoy the fully fenced yard. Downstairs, the finished lower-level family room centers around a cozy fireplace, offering a comfortable space for everyday living or gatherings. Complete with four bedrooms, two bathrooms, and an attached two-car garage, this well-maintained home offers practical living space in an unbeatable neighborhood location.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1971

LevelsSplit Entry (Bi-Level)

Living area1,561 sqft

Above-grade finished886 sqft

Below-grade finished675 sqft

Lot size0.2 acres (65x131x66x131)

Days on market14

ListedJul 30, 2026

MLS #NST7115827

CountySherburne

SubdivisionNorth Terrace Add

Parcel #75004200270

Facts & features

Interior

Bedrooms: 4
Bathrooms: 2
Bath breakdown: 2 full
Heating: Forced Air
Cooling: Central Air
Appliances: Dishwasher, Microwave, Range, Refrigerator

Property

Levels / stories: Split Entry (Bi-Level)
Garage: 2 spaces · 560 sqft
Parking features: Attached Garage, Concrete
Patio & porch: Deck, Patio
Exterior features: Vinyl
Fencing: Wood

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 864 sqft
Year built: 1971

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas

Community & HOA

Subdivision: North Terrace Add
HOA: No HOA
School district: 728 - Elk River
High school district: Elk River

Financial & listing details

Annual tax: $3,218 (2025)
Listed: Jul 30, 2026
Days on market: 14
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths2

3/4 baths0

Half baths0

1/4 baths0

BasementFinished, Full

HeatingForced Air

CoolingCentral Air

Fireplaces1

LaundryLower Level

AppliancesDishwasher, Microwave, Range, Refrigerator

DiningEat In Kitchen, Informal Dining Room

AmenitiesDeck, Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Patio, Paneled Doors, Washer/Dryer Hookup

AccessibilityNone

Special featuresMain Floor Primary, Main Floor Bedroom

Exterior & lot

ExteriorVinyl

FoundationBlock

Foundation area864 sqft

Patio/porchDeck, Patio

Lot featuresTree Coverage - Medium

Road frontageCity Street, Paved Streets

Road responsibilityPublic Maintained Road

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingAttached Garage, Concrete

Garage spaces2

Garage size560 sqft

Financial details

Annual taxes$3,218

Tax year2025

Taxes w/ assessments3218

Assessment pendingUnknown

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District728 - Elk River

District number728

District phone7632413400

High schoolElk River

SODL flat fee brokerage

$6,600Estimated buyer credit

SODL platform fee $3,000Your buyer credit $6,600

Buyer-side commission

3.0%

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

$2,057/mo

Principal & interest$1,682

Property taxes$268

Home insurance (est.)$107

Down payment

$64,000

0%50%

Credit score

Loan term

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.