For Sale: Cambridge MLS# 7111328
Active
NEW!
$59,999
Condo/Townhome: Low Rise (3- Levels)
2 br • 2 ba • Built 2006
1,067 sqft • 0.012 acres
Cambridge-Isanti schools
MLS# 7111328
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Property Description
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!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$59,999
Price per sq ft:
$56
Property Type:
Condo/Townhome
City:
Cambridge
Garage Spaces:
1
County:
Isanti
Year Built:
2006
State:
MN
Property Style:
Low Rise (3- Levels)
Zip Code:
55008
Subdivision Name:
Parkwood On The Lakes 4th Add
Interior
Bedrooms:
2
Bathrooms:
2
Finished Area:
1,067 ft2
Total Fireplaces:
0
Living Area:
1,067 ft2
Common Wall:
Yes
Appliances Included:
- Dishwasher
- Disposal
- Range
- Refrigerator
Basement Details:
None
Exterior
Stories:
One
Garage Spaces:
1
Air Conditioning:
Central Air
Foundation Size:
1,067 ft2
Handicap Accessible:
Accessible Elevator Installed
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Asphalt
- Assigned
- Attached Garage
- Garage Door Opener
- Guest Parking
- Heated Garage
- Parking Lot
- Paved Lot
- Tuckunder Garage
- Underground
Shared Amenities:
- Car Wash
- Common Garden
- Deck
- Elevator(s)
- Fire Sprinkler System
- In-Ground Sprinkler System
- Laundry
- Lobby Entrance
- Security Building
Unit Amenities:
- Balcony
- Cable
- Ceiling Fan(s)
- Deck
- Indoor Sprinklers
- Kitchen Center Island
- Local Area Network
- Main Floor Primary Bedroom
- Primary Bedroom Walk-In Closet
- Walk-In Closet
Road Frontage:
- City Street
- Curbs
- Paved Streets
Exterior Material:
- Block
- Frame
Roof Details:
Age 8 Years or Less
Rooms
1/4 Baths:
None
Full Baths:
None
Half Baths:
1
3/4 Baths:
1
Bathroom Details:
- Main Floor 1/2 Bath
- Main Floor 3/4 Bath
- Private Primary
Dining/Kitchen:
Living/Dining Room
Laundry:
Common Area
| Main Level | Size | Sq Ft |
|---|---|---|
| Bathroom | 8.5 x 4 | 32 |
| Deck | 11 x 6.10 | 66 |
| Bedroom | 16.6 x 11.6 | 176 |
| Kitchen | 13.4 x 10 | 130 |
| Living Room | 16.8 x 16.6 | 256 |
| Primary Bathroom | 10 x 5.6 | 50 |
| Bedroom 2 | 10.3 x 10.3 | 100 |
| Walk-In Closet | 10 x 5 | 50 |
| Walk-In Closet | 5.6 x 5 | 25 |
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.012
Geolocation:
45.56567, -93.199071
Lot Dimensions:
Common
Zoning:
Residential-Single Family
Lot Description:
- Corner Lot
- Tree Coverage - Medium
Schools
School District:
911
District Phone:
7636896188
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$810
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$810
Association Fee Required:
Yes
Association Fee:
$1,732
Association Fee Frequency:
Monthly
Association Fee 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
Association Company:
Ebenezer Management Services
Association Company Number:
7635520709
Units
Unit Number:
206
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Ebenezer Manage Services.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.