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!
Based on the average sale price from the Woodbury, MN office
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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.
RE/MAX RESULTS
2155 6th Lane Se # 206 Cambridge, MN is a Single Family Home for sale at $59999 with 1067 sqft and a lot size of 0.012 Acres Acre(s). 2155 6th Lane Se # 206 Cambridge has 2 bedrooms, 1 baths and was built in 2006. The property's zip code is 55008 which is in Cambridge, 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.