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    • $275,000

    7701 Terrace Rd NE, Spring Lake Park, MN 55432

    2beds
    1,076sqft
    Single Family
    Built in 1953
    0.46 Acres Lot
    $275,000 Zestimate®
    $256/sqft
    $1,905 Estimated rent

    Home value

    $275,000

    $259,000 - $292,000

    $1,905/mo

    Zestimate® history
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    What's special

    Additional large storage shedImpressive u-shaped drivewayBeautifully landscaped lotExceptional outdoor spaceSpacious corner lot
    Opportunity awaits on this spacious corner lot with incredible outdoor amenities! Set on a beautifully landscaped lot, this property offers a rare combination of space, functionality, and potential. The impressive U-shaped driveway provides easy access and plenty of parking. A standout feature is the large detached 3-car garage, complete with a full working bay on one end—perfect for mechanics, hobbyists, woodworkers, or anyone needing dedicated workspace. The workshop bay includes a new heater, making it comfortable to use year-round. An additional large storage shed offers even more room for tools, equipment, or seasonal storage. The home features 2 bedrooms and 2 bathrooms and offers a great opportunity for buyers looking to build equity. While the home is in need of cosmetic updates and modernization, it has been priced accordingly, making it an excellent value for those ready to make it their own. If you've been searching for a property with exceptional outdoor space, abundant garage and workshop options, and endless potential, this is one you won't want to miss. Bring your vision and transform this property into something truly special!

    Zillow last checked:

    Listing updated:

    Listed by:

    Olsen Group 612-759-7091,

    Keller Williams Premier Realty,

    Marjorie Weinhagen 612-385-3810

    Bought with:

    Tammy Hanson

    Elite Realty Minnesota

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7103224MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 1
    • 3/4 bathrooms: 1
    Bedroom
    • Level: Main
    • Area: 99 Square Feet
    • Dimensions: 9x11
    Bedroom 2
    • Level: Main
    • Area: 88 Square Feet
    • Dimensions: 8x11
    Family room
    • Level: Lower
    • Area: 306 Square Feet
    • Dimensions: 17x18
    Kitchen
    • Level: Main
    • Area: 80 Square Feet
    • Dimensions: 8x10
    Living room
    • Level: Main
    • Area: 176 Square Feet
    • Dimensions: 11x16
    Heating
    • Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Freezer, Range, Refrigerator, Washer
    Features
    • Basement: Crawl Space,Tile Shower
    • Has fireplace: No
    Interior area
    • Total structure area: 1,076
    • Total interior livable area: 1,076 sqft
    • Finished area above ground: 656
    • Finished area below ground: 420

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached Garage, Gravel, Heated Garage
    • Garage spaces: 3
    Accessibility
    • Accessibility features: None
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.46 Acres
    • Dimensions: 125 x 218
    • Features: Corner Lot, Tree Coverage - Medium
    Details
    • Additional structures: Workshop, Storage Shed
    • Foundation area: 656
    • Parcel number: 023024430003
    • Zoning description: Residential-Single Family

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family
    Condition
    • New construction: No
    • Year built: 1953

    Utilities & green energy

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

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Spring Lake Park

    Financial & listing details

    • Price per square foot: $256/sqft
    • Tax assessed value: $260,000
    • Annual tax amount: $3,100
    • Date on market: 7/2/2026
    • Cumulative days on market: 21 days

    Price history

    DateEventPrice
    8/17/2026Sold$275,000-1.8%$256/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7103224 Report a problem
    7/23/2026Pending sale$280,000$260/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7103224 Report a problem
    7/2/2026Listed for sale$280,000+305.8%$260/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7103224 Report a problem
    9/4/1997Sold$69,000$64/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,905 +120.1%$236,850 -0.3%
    2024$1,320 +13.2%$237,613 +98.1%
    2023$1,166 -11.8%$119,938 +14.5%
    2022$1,322 -19%$104,787 +5.4%
    2021$1,631 -9%$99,446 -21.7%
    2019$1,793 -1.7%$127,000 +1.3%
    2018$1,825 +0.2%$125,400 +6.1%
    2017$1,822 +4.1%$118,200 +5.3%
    2016$1,751 -3.7%$112,300
    2015$1,819 +0%$112,300 +0.9%
    2014$1,818 -9.3%$111,300
    2013$2,004 -11.3%--
    2012$2,260 +26.5%--
    2011$1,787 -5.5%--
    2010$1,892 +1.1%--
    2008$1,871 +22.2%--
    2007$1,531 +9.8%--
    2006$1,395 +4.2%--
    2005$1,339 +12%--
    2004$1,195 +7.1%--
    2003$1,116 +20.6%--
    2002$926 +2.4%--
    2001$905 --
    Find assessor info on the county website

    Neighborhood: 55432

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    Estimated market value
    $275,000
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    Estimated market value
    $275,000

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