8 months on rocket

20397 Salem St NW, Elk River, MN, 55330

$175,000

Land

Location

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Property Highlights

Home TypeOther
MLS #6497047
StatusActive

About 20397 Salem St NW

Build your dream home right here in Elk River. Beautiful trees that allow for privacy and nature. Bring your own builder and ideas and start planning your future. Great location, down the road from the Elk River Golf Course and ten minutes from major shopping and restaurants.

Property Details

Property Features

Listing Office:

  • Office Name: Keller Williams Premier Realty Lake Minnetonka

School Info

Assigned Schools Information:

  • Elk River High School, Public District Grades 9-12
  • VandenBerge Middle School, Public District Grades 6-8
  • Lincoln Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: US-10 to Elk Lake Rd NW. Left on Meadowvale Rd NW. Right on Salem St NW

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000
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Housing Market Comparison

See how this home compares to others in Elk River, MN.

Med. Sold Price

$402.8K

Med. Price/SqFt

$190

Avg. Days On Market

37

# of Sold Homes

57

20397 Salem St NW vs Elk River

248 DAYS ON ROCKET

+211 Days

$175,000

-$227.8K Less

KEY TAKEAWAY

This property is $227.8K less than the Median Sold Price in Elk River, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6497047

Listing Office:

  • Office Name: Keller Williams Premier Realty Lake Minnetonka

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Property Sales & Tax

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$941

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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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-1650610
6
/10
  • Lincoln Elementary School

  • 600 School St NW

  • 2.80 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1650611
5
/10
  • VandenBerge Middle School

  • 948 Proctor Ave NW

  • 2.21 miles

  • Public District Grades 6-8

High School

school-card-donut-1650612
6
/10
  • Elk River High School

  • 900 School St NW

  • 2.55 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,595. Residents of Elk River, MN typically earn between $35k-100k each year. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 20397 Salem St NW

What is the listing price of this property?

The listing price of 20397 Salem St NW property is $175,000.

What type of property is this?

The property 20397 Salem St NW is land located in Elk River, Minnesota, 55330.

Is this property for sale now?

Active Listing: 20397 Salem St NW is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 20397 Salem St NW are:
Lincoln Elementary School: GreatSchools Rating 6/10
VandenBerge Middle School: GreatSchools Rating 5/10
Elk River High School: GreatSchools Rating 6/10
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Rocket HomesMinnesotaSherburne CountyElk River5533020397 Salem St NW

This home is located at 20397 Salem St NW in Elk River, MN and zip code 55330. It has been listed on Rocket Homes since March 01, 2024 and is currently priced at $175,000.

While more than 14 listings in Elk River, MN in October 2024 were sold above asking price, there were more than 21 listings sold at asking price, and more than 22 were sold below. Between September 2024 and October 2024, Elk River, MN real estate market has seen increase in the number of listings by 14.5%. Listings spent 37 days on the market in October 2024, and had a median list price of $402,875 during the same period.

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

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