**Multiple offers received, highest and best due March 15th at 6pm.** Overlooking a peaceful pond, this two-story home offers the layout today’s buyers are searching for — including four bedrooms on one level and space designed for both gathering and everyday living.
The bright main level is anchored by a beautiful gas fireplace with tile surround, creating a warm focal point in the living room. The kitchen features a tiled backsplash, updated light fixtures, and an open flow into the dining and living areas that makes entertaining effortless. Fresh interior paint within the last 12 months gives the home a clean, updated feel throughout.
Step outside to the spacious deck overlooking the water — an ideal setting for morning coffee, summer evenings, or simply enjoying the view.
Upstairs, all four bedrooms are conveniently located on one level, including a generously sized primary suite with a private bath featuring double sinks, a separate tub and shower, and a massive walk-in closet. With flexible living space and room to grow, this home balances comfort, function, and scenic surroundings.
Located in an association with access to a shared community pool, this property combines everyday convenience with peaceful pond views in one exceptional setting.
Closed
$485,000
7427 Martin Farms Ave NE, Otsego, MN 55330
4beds
3,320sqft
Single Family
Built in 2012
0.3 Acres Lot
$487,200 Zestimate®
$146/sqft
$3,547 Estimated rent
Home value
$487,200
$438,000 - $541,000
$3,547/mo
Zestimate® history
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Bright main levelPeaceful pond viewsSeparate tub and showerGenerously sized primary suiteOverlooking a peaceful pondTiled backsplashUpdated light fixtures
Zillow last checked:
Listing updated:
Listed by:
Jolene Balfany 612-636-0834,
Pemberton RE,
Jeremy Balfany 612-227-6160
Bought with:
Ashley Hiniker
Re/Max Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7029343
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 255 Square Feet
- Dimensions: 17x15
Bedroom 2
- Level: Upper
- Area: 100 Square Feet
- Dimensions: 10x10
Bedroom 3
- Level: Upper
- Area: 150 Square Feet
- Dimensions: 10x15
Bedroom 4
- Level: Upper
- Area: 110 Square Feet
- Dimensions: 10x11
Den
- Level: Main
- Area: 121 Square Feet
- Dimensions: 11x11
Dining room
- Level: Main
- Area: 169 Square Feet
- Dimensions: 13x13
Kitchen
- Level: Main
- Area: 165 Square Feet
- Dimensions: 11x15
Living room
- Level: Main
- Area: 255 Square Feet
- Dimensions: 17x15
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliance(s), Washer, Water Softener Owned
- Laundry: Main Level
Features
- Basement: Daylight,Drain Tiled,Egress Window(s),Full,Sump Pump,Unfinished
- Number of fireplaces: 1
- Fireplace features: Gas, Living Room
Interior area
- Total structure area: 3,320
- Total interior livable area: 3,320 sqft
- Finished area above ground: 2,224
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Attached, Asphalt, Electric Vehicle Charging Station(s), Garage Door Opener
- Attached garage spaces: 3
- Has uncovered spaces: Yes
- Details: Garage Dimensions (28x32)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Has private pool: Yes
- Pool features: In Ground, Heated, Outdoor Pool, Shared
- Fencing: Chain Link,Partial
- Waterfront features: Pond
Lot
- Size: 0.3 Acres
- Dimensions: 88 x 160 x 75 x 160
Details
- Foundation area: 1100
- Parcel number: 118197019020
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Materials
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 2012
Utilities & green energy
- Electric: 200+ Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Martin Farms
HOA
- Has HOA: Yes
- Services included: Other, Professional Mgmt, Sanitation, Shared Amenities
- HOA fee: $76 monthly
- HOA name: First Service Residential
- HOA phone: 952-277-2700
Location
- Region: Otsego
Financial & listing details
- Price per square foot: $146/sqft
- Tax assessed value: $429,700
- Annual tax amount: $4,738
- Date on market: 3/6/2026
- Cumulative days on market: 9 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Sold | $485,000+2.1%$146/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7029343 Report a problem | ||
| 3/22/2026 | Pending sale | $475,000$143/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7029343 Report a problem | ||
| 3/13/2026 | Listed for sale | $475,000+9.2%$143/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7029343 Report a problem | ||
| 11/4/2025 | Listing removed | $3,200$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/20/2025 | Price change | $3,200-11.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/18/2025 | Listed for rent | $3,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/29/2023 | Sold | $435,000$131/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6357713 Report a problem | ||
| 5/20/2023 | Pending sale | $435,000$131/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6357713 Report a problem | ||
| 5/2/2023 | Price change | $435,000-3.3%$131/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6357713 Report a problem | ||
| 4/25/2023 | Listed for sale | $450,000+69.8%$136/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6357713 Report a problem | ||
| 10/31/2012 | Sold | $265,000$80/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1955772 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,518 -7.1% | $429,700 +3.3% |
| 2024 | $4,862 +304.5% | $415,900 -8.9% |
| 2023 | $1,202 +81% | $456,400 +14.4% |
| 2022 | $664 +101.2% | $399,000 +14.6% |
| 2021 | $330 +6.5% | $348,100 +5.7% |
| 2020 | $310 -22.1% | $329,300 +2% |
| 2019 | $398 +28.4% | $323,000 -0.1% |
| 2018 | $310 +252.3% | $323,300 +5.4% |
| 2017 | $88 -95.1% | $306,600 |
| 2016 | $1,800 | -- |
| 2015 | $1,800 +7.1% | -- |
| 2014 | $1,680 +449% | -- |
| 2013 | $306 -43.9% | -- |
| 2012 | $545 -6% | -- |
| 2011 | $580 -30.4% | -- |
| 2010 | $833 -6.5% | -- |
| 2009 | $891 +22.1% | -- |
| 2008 | $730 +47.8% | -- |
| 2007 | $494 +92.4% | -- |
| 2006 | $257 | -- |
Find assessor info on the county website
Neighborhood: 55330
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Nearby schools
GreatSchools rating
- 8/10Prairie View Elementary & MiddleGrades: K-4Distance: 0.7 mi
- 8/10Prairie View Middle SchoolGrades: 5-8Distance: 1 mi
- 10/10Rogers Senior High SchoolGrades: 9-12Distance: 5.5 mi
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Estimated market value
$487,200
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Estimated market value
$487,200
- Minnesota
- Wright County
- Otsego
- 55330
- 7427 Martin Farms Ave NE
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