Lori Gustafson

16340 228th Avenue Nw

Elk River, MN
$ 475,000 Beds 3 Baths 2 Sq 1,832
Monthly Estimate* How much can I afford?

A rare opportunity to own a fantastic updated home on acreage with exceptional outbuildings, privacy on a cul-de-sac, surrounded by wildlife and endless possibilities! This is a perfect blend of country living and modern updates, beautifully refreshed 3-bedroom, 2-bath walkout LL home. The home has been extensively updated with new flooring, fresh paint throughout. The upper level is bright and open creating a spacious airy feel. New kitchen appliances & washer/dryer (2024) Anderson windows (2021), Insulated Garage doors (2021) and New french doors on main floor to deck and the lower level out to patio. Lower level was completely finished (2026) and includes a family room and a 3rd bedroom with plenty of space to add a 4th if needed. Outside, you’ll find everything you’ve been looking for: a 3-car attached heated garage, an impressive 32' x 56’ heated pole building, with a kitchen, toilet, electric and wired for A/C. Its perfect for storing recreational vehicles, equipment or creating the ultimate workshop. There is a new charming 16’ x 16’ hen den with electric and concrete floor perfect for hobbies, farming, or actual chickens & fresh eggs. A lean-to and shed. Nature lovers will appreciate the abundant wildlife and peaceful setting, with easy access to nearby trails. The property sits just minutes from Sand Dunes State Forest, offering miles of hiking, horseback riding, and 100s of miles of snowmobiling for outdoor enthusiasts — all while remaining close to Elk River and Big lake shopping, dining, schools, and commuter routes.

Single Family

  • Price
  • $ 475,000
  • City
  • Elk River
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • SHERBURNE
  • Half Bathrooms
  • 0
  • Area
  • Sherburne Woods
  • Lot Size
  • 2.95 Acres
  • Zip
  • 55330
  • Sqr Footage
  • 1,832
  • Year Built
  • 1991
  • Taxes
  • $ 3838
  • Style
  • Single Family
  • MLS#
  • 7145406
Listed By: Real Broker, LLC
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1832
Sewer Septic System Compliant - Yes
Heating Forced Air
Cooling Central Air
Appliances Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer
Garage Spaces 3
Year Built 1991
Levels Split Entry (Bi-Level)
Property Subtype Single Family
Tax Year 2025
Accessibility None
County Sherburne
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Sherburne Woods
Other Structures Hen House,Pole Building
Full Baths 2
Directions 164th St to 230th Ave NW (turns into 162nd St NW,right on 228th Ave NW.
City Elk River
High School District Big Lake
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3838
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Deck,Kitchen Window,Patio
PostalCity Elk River

Interior Features

Basement Full
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 986
Total Bedrooms 3
Below Grade Finished Area 846
Total Baths 2
Bath Desc Full Basement,Main Floor Full Bath
Dining Room Description Informal Dining Room
Fuel Natural Gas
Garage Square Feet 660

Exterior Features

Parking Features Attached Garage,Concrete,Garage Door Opener,Heated Garage,Insulated Garage,Multiple Garages
Water Source Well
Lot Size Area 2.95
Building Area Total 1973
Lot Dimensions 358x419x223x360
Waterfront Y/N No
Foundation Area 986

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/16/2026 Listed $475,000

Property vs Zip Code Average in 55330

Price
AVG $520K
$480K
Taxes
AVG $4,072
$3,838
Year Built
AVG 2011
1991
Visits
AVG 80
6
Data Provided by Inside Real Estate®

Areas That We Cover

16340 228th Avenue Nw Elk River, MN is a Single Family Home for sale at $475000 with 1832 sqft and a lot size of 2.95 Acres Acre(s). 16340 228th Avenue Nw Elk River has 3 bedrooms, 2 baths and was built in 1991. The property's zip code is 55330 which is in Elk River, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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