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 $3,746 (2026).

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 3-car garage.

How long has this property been on the market?

This property was listed for 8 days.

Sold / Closed

$406,000

Sold price · Closed Aug 28, 2026

$237/sqft

Pheasant Ridge 4th Add

8268 Parell Avenue NE, Otsego, MN, 55330

4 Bedrooms2 Bathrooms1,688 Square Feet0.31 Acres

Days on market8

Year built2002

Garage spaces3

TypeResidential

Est. $8,997buyer credit when you buy with SODL

About this home

Imagine THIS being your new home! Conveniently situated in Otsego within walking distance to Otsego Elementary, close to shopping, parks, & walking/biking trails along with a kitchen you'll actually want to cook in! This beautiful updated walkout split entry home had a full kitchen remodel in 2021 including new custom cabinets, granite countertops, & LVP flooring. You'll love the open concept w/ the center island as the hub of your day-to-day living & entertaining space. The upstairs bathroom was remodeled in 2020. There is newer carpet throughout (2022), newer roof (2023), newer furnace (2022), heated 3 car garage, a full width concrete driveway, large deck, patio mature trees, irrigation, storage shed w/electricity and parking pad on the side, & the list goes on! Both upper level bedrooms have walk-in closets & the entryway is spacious w/ a closet. Just imagine how happy you could be - the convenience is superb & the care the sellers have put into it definitely shows!

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built2002

LevelsSplit Entry (Bi-Level)

Living area1,688 sqft

Above-grade finished983 sqft

Below-grade finished705 sqft

Lot size0.31 acres (186x29x179x118)

Days on market8

ListedMay 20, 2026

MLS #NST7054746

CountyWright

SubdivisionPheasant Ridge 4th Add

Parcel #118079002120

Facts & features

Interior

Bedrooms: 4
Bathrooms: 2
Bath breakdown: 1 full / 1 3/4
Heating: Forced Air
Cooling: Central Air
Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

Property

Levels / stories: Split Entry (Bi-Level)
Garage: 3 spaces · 572 sqft
Parking features: Attached Garage, Concrete, Heated Garage
Patio & porch: Deck
Exterior features: Stone, Vinyl
Other structures: Storage Shed

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 916 sqft
Roof: Age 8 Years or Less
Year built: 2002

Utilities

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

Community & HOA

Subdivision: Pheasant Ridge 4th Add
HOA: No HOA
School district: 728 - Elk River
High school district: Elk River

Financial & listing details

Annual tax: $3,746 (2026)
Listed: May 20, 2026
Days on market: 8
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths1

3/4 baths1

Half baths0

1/4 baths0

BasementFinished, Walkout

HeatingForced Air

CoolingCentral Air

LaundryLower Level

AppliancesDishwasher, Disposal, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer

DiningKitchen/Dining Room

AmenitiesDeck, Kitchen Center Island, Primary Bedroom Walk-In Closet, In-Ground Sprinkler, Walk-In Closet

AccessibilityNone

Exterior & lot

ExteriorStone, Vinyl

RoofAge 8 Years or Less

FoundationBlock

Foundation area916 sqft

Patio/porchDeck

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingAttached Garage, Concrete, Heated Garage

Garage spaces3

Garage size572 sqft

Financial details

Annual taxes$3,746

Tax year2026

Taxes w/ assessments3746

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District728 - Elk River

District number728

District phone7632413400

High schoolElk River

SODL flat fee brokerage

$8,997Estimated buyer credit

SODL platform fee $3,000Your buyer credit $8,997

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

$2,547/mo

Principal & interest$2,102

Property taxes$312

Home insurance (est.)$133

Down payment

$79,980

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.