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Single Family ResidenceResidential
$407,489$230 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 90How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $470,000 on Mar 29, 2024

7118 PARELL AVE NE

ELK RIVER, MN 55330
4
Beds
2.5
Baths
1,775 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.24 ac
Lot SizeThe size of the land the home sits on, from county records.
2019
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

$407K
$365K low$450K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$470,000 · Mar 29, 2024

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,084 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$438,100 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$100,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$338,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$436,600
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$438,100

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyWRIGHT
Lot (acres)The size of the land the home sits on, from county records.0.24
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Wood Shingle
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Central
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Attached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Big Woods Elementary SchoolA+
Elementary · Grades 1–4 · 3.1 mi
M
St. Michael-Albertville Middle School EastA-
Middle · Grades 5–8 · 3.3 mi
H
St. Michael-Albertville High SchoolA
High · Grades 9–12 · 6.0 mi

District: St. Michael-Albertville School District

Neighborhood · ZIP 55330These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.71
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.95
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.9

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.97%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.24%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.4.1%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.49,987
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.465 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$112,701
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$128,035
Average tempThe average temperature here across a full year.44°F
Annual precipHow much rain and melted snow falls here in a typical year.31 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

7118 Parell Ave Ne measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 87% of homes in Elk River 55330
  • Costs more per square foot than 77% of homes in Wright County
  • Bigger than 78% of homes in Elk River 55330
  • Has a smaller lot than 75% of homes in Elk River 55330
  • Newer than 90% of homes in Elk River 55330

What homes are worth in Elk River 55330

Each bar is how many homes fall in that price range. The marker is this home.

This home
$129K$573K

This home is worth more than 87% of homes in Elk River 55330.

How it measures up in Elk River 55330

The dot is this home. The mark in the middle is the typical home in Elk River 55330.

Estimated value$407,489
CheaperTypical $267,755Pricier

Pricier than 87% of homes nearby

Price per ft²$230
CheaperTypical $193Pricier

Pricier than 71% of homes nearby

Living area1,775 ft²
SmallerTypical 1,325 ft²Bigger

Bigger than 78% of homes nearby

Lot size0.24 ac
SmallerTypical 0.39 acBigger

Bigger than 25% of homes nearby

Year built2019
OlderTypical 2001Newer

Newer than 90% of homes nearby

How 7118 Parell Ave Ne ranks against every home in each area.
MeasureThis homeElk River 55330Wright County
Estimated valuepricier than$407,48987% of homes82% of homes
Price per ft²pricier than$23071% of homes77% of homes
Living areabigger than1,775 ft²78% of homes69% of homes
Lot sizebigger than0.24 ac25% of homes25% of homes
Year builtnewer than201990% of homes89% of homes

About 7118 Parell Ave Ne

How much is 7118 Parell Ave Ne, Elk River, MN worth?

The TopHap Estimate for 7118 Parell Ave Ne, Elk River, MN is $407,489 as of Jul 14, 2026. The likely range is $365,019 to $449,959. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7118 Parell Ave Ne, Elk River, MN last sell?

7118 Parell Ave Ne, Elk River, MN last sold on Mar 29, 2024 for $470,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 7118 Parell Ave Ne, Elk River, MN?

7118 Parell Ave Ne, Elk River, MN has 4 bedrooms, 2.5 bathrooms, 1,775 square feet of living space and a 0.24-acre lot.

When was 7118 Parell Ave Ne, Elk River, MN built?

7118 Parell Ave Ne, Elk River, MN was built in 2019, making it 7 years old. The building has 2 stories.

What schools serve 7118 Parell Ave Ne, Elk River, MN?

7118 Parell Ave Ne, Elk River, MN is assigned to Big Woods Elementary School (elementary), rated A+; St. Michael-Albertville Middle School East (middle), rated A-; St. Michael-Albertville High School (high), rated A. All sit in St. Michael-Albertville School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7118 Parell Ave Ne, Elk River, MN compare to other homes in Elk River 55330?

Among the 16,054 homes in Elk River 55330, it is worth more than 87% of them ($407,489 against a typical $267,755), its price per square foot is higher than 71% of them ($230 against a typical $193), it is bigger than 78% of them (1,775 ft² against a typical 1,325 ft²), its lot is bigger than 25% of them (0.24 ac against a typical 0.39 ac) and it is newer than 90% of them (2019 against a typical 2001). Measured against all of Wright County, it is worth more than 82% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 7118 Parell Ave Ne, Elk River, MN?

The 2026 property tax bill for 7118 Parell Ave Ne, Elk River, MN was $5,084. The county assessed it at $438,100.

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