4 months on rocket

TBD 88th St NE, Otsego, MN, 55330

$867,000

Land
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #6467863
StatusActive

About TBD 88th St NE

Excellent opportunity to invest in an area experiencing rapid growth. Close to Hwy 101 access, banking, automotive, medical, Target, Coborn's and high density residential. Listing consists of 2 different PID's. Outlot A will need to be re-plated and will consist of as much as 4.36 acres. Outlot B consists of approximately 3.025 acres. Owner may be willing to sell each lot individually. Currently zoned as "church" and under tax exempt status. Future zoning to include "Business/Commercial". The city has expressed openness to certain types of high density residential. Outdoor storage not permitted.

Property Details

Property Features

Listing Office:

  • Office Name: Acuity Group

School Info

Assigned Schools Information:

  • Rogers High School, Public District Grades 9-12
  • Rogers Middle School, Public District Grades 6-8
  • Otsego Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Hwy 101 to West on Cty Rd 39. Left on Parrish Ave to Left on 88th St to property on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $867,000
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Housing Market Comparison

See how this home compares to others in Otsego, MN.

Med. Sold Price

$420.1K

Med. Price/SqFt

$185

Avg. Days On Market

53

# of Sold Homes

34

TBD 88th St NE vs Otsego

138 DAYS ON ROCKET

+85 Days

$867,000

+$446.8K More

KEY TAKEAWAY

This property is $446.8K more than the Median Sold Price in Otsego, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6467863

Listing Office:

  • Office Name: Acuity Group

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Property Sales & Tax

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$4,395

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,666

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2206786
9
/10
  • Otsego Elementary School

  • 8125 NE River Rd

  • 1.81 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2206787
7
/10
  • Rogers Middle School

  • 20855 141st Ave N

  • 5.49 miles

  • Public District Grades 6-8

High School

school-card-donut-2206788
10
/10
  • Rogers High School

  • 21000 141st Ave N

  • 5.34 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $87,972. The majority of Otsego, MN residents have income between $35k-100k annually. The most common type of family is married, with kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About TBD 88th St NE

What is the listing price of this property?

The listing price of TBD 88th St NE property is $867,000.

What type of property is this?

The property TBD 88th St NE is land located in Otsego, Minnesota, 55330.

Is this property for sale now?

Active Listing: TBD 88th St NE is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for TBD 88th St NE are:
Otsego Elementary School: GreatSchools Rating 9/10
Rogers Middle School: GreatSchools Rating 7/10
Rogers High School: GreatSchools Rating 10/10
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Rocket HomesMinnesotaSherburne CountyOtsego55330TBD 88th St NE

This home is located at TBD 88th St NE in Otsego, MN and zip code 55330. It has been listed on Rocket Homes since December 11, 2023 and is currently priced at $867,000.

In March 2024, from all listings sold in Otsego, MN there were more than 12 sold above asking price, over 18 sold below and more than 4 were sold right at the asked price. The number of homes for sale in Otsego, MN increased by 20.3% between February 2024 and March 2024. In March 2024, listings were on the market for 53 days. During the same period, the median list price in this real estate market was $420,165.

From Rocket Homes Real Estate and based on county public records data.

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