17005 78th Pl N · Maple Grove, MN 55311

$290,000

3 bd · 2.5 ba · 1,715 sqft · Townhouse public records · 125 Days on market

Built 2002 3,920 sqft lot $169/sqft · 12% below area Est $317k · 8% under $400/mo HOA · 15% of rent

---

Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +11.3/15.0
• Cash flow +8.1/30.0
• Schools +4.2/10.0
• 1% rule +4.1/10.0
• Rent growth +4.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 17005 78th Pl N, a property that has recently undergone a partial flooring replacement, giving it a fresh and modern look. The kitchen is a chef's dream, equipped with all stainless steel appliances that add a sleek and contemporary touch to the space. This property is perfect for those who appreciate the blend of classic and modern design elements. Don't miss out on this unique opportunity to own a home that combines style and functionality in a seamless manner. Included 100-Day Home Warranty with buyer activation

Key facts

• Chef's dream kitchen
• $400 HOA
• 2 garage spots

Tags

• STAINLESS STEEL APPLIANCES
• CHEF'S DREAM KITCHEN

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath townhouse listed at $290k.

Deal economics

• At list price, monthly cash flow is $-280 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $241k (17.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $263k (9.4% below list).
• Recommended offer: $241k (17.1% below list) — sets the bar for cash-flow.
• Cap rate 5.1% vs local median 3.4% in Maple Grove — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 81/100 on livability (#54 in MN, #1,353 nationally) — a professional / high-income tenant draw. Strengths: commute A+, employment A+, housing A+; Watch: amenities D, cost of living D.
• Osseo Public School District (suburban): math 42% / reading 51% proficiency, ranked #129 of 301 in MN (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Rush Creek Elementary (math 81% / reading 78%, grade A, #12 of 857 statewide, top 2%, 774 students, 18% FRL); Maple Grove Middle School (math 45% / reading 58%, grade C, #65 of 258 statewide, top 26%, 1,598 students, 30% FRL); Maple Grove Senior High (math 53% / reading 69%, grade C+, #42 of 471 statewide, top 9%, 2,324 students, 21% FRL).
• Zoned-school proficiency averages 64% at this address vs 46% district-wide (+18 pts) — the actual schools serving this property are materially stronger than the Osseo Public School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+5.9%/yr); 304 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 4,651 units permitted in Hennepin County in 2024 (2,443 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Hennepin County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 125 days — a 12% lower offer ($255k) is reasonable based on typical stale-listing flexibility.
• 9 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $194k; 50% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $240,519 (17.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.91% ✗
• Cap rate: 5.13%
• Cash-on-cash: -4.14%
• DSCR: 0.82
• GRM: 9.2

CMA / ARV

• ARV (median comp): $316,783
• List price: $290,000
• Delta: -8.45%
• Verdict: FAIR
• Comps: 7 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 5.86% rent growth · sell at horizon

5-year hold

• IRR: -19.4%
• Equity multiple: 0.30×
• Total profit: $-56,798
• Equity at exit: $43,240

10-year hold

• IRR: -6.3%
• Equity multiple: 0.54×
• Total profit: $-37,541
• Equity at exit: $25,074

Cash invested: $81,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 46 Balanced
• State Minnesota: 46 Balanced · D+2
• County: — inherits STATE
• City: — inherits STATE

2024 reforms strengthened tenant protections; ramsey/hennepin courts paced moderate to slow.

Methodology + full state rankings →

ZIP-level market 55311

• Rents YoY: 5.9%
• Active inventory: 304
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,628 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$315 /mo · $3,775/yr
• Insurance: −$121
• HOA: −$400
• Vacancy / Maint / Mgmt: −$552
• Net cashflow: $-280

Break-even live

Break-even rent $2,983

Max offer price $240,519

Occupancy floor —

Sensitivity live

Price	-10% $-116	-5% $-198	+0% $-280	+5% $-362	+10% $-444
Rent	-10% $-488	-5% $-384	+0% $-280	+5% $-176	+10% $-72
Rate	-1.0pp $-134	-0.5pp $-206	base $-280	+0.5pp $-355	+1.0pp $-432

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
17050 78th Pl N Maple Grove, MN	3.0	3.0	1628	$2,399	$1.47	45d	1	0.04mi
7343 Walnut Grove Ln N Maple Grove, MN	3.0–4.0	2.5–3.5	2469	$3,346	$1.35	0d	1	1.22mi
17602 68th Pl N Maple Grove, MN	2.0	2.5	1563	$2,195	$1.40	6d	1	1.24mi
6708 Narcissus Ln N Maple Grove, MN	3.0	2.5	1563	$2,550	$1.63	25d	1	1.45mi
7148 Brockton Ln N Maple Grove, MN	2.0–3.0	2.0	1309	$2,600	$1.99	0d	8	1.48mi

HOA detail

• Monthly dues: $400 · $4,800/yr

Listing history 41 events

1. 2026-06-21
   days on market $290,000 Active 125 DOM
2. 2026-06-18
   days on market $290,000 Active 122 DOM
3. 2026-06-17
   days on market $290,000 Active 121 DOM
4. 2026-06-16
   days on market $290,000 Active 120 DOM
5. 2026-06-15
   days on market $290,000 Active 119 DOM
6. 2026-06-13
   pricedays on market $290,000 Active 117 DOM
7. 2026-06-09
   days on market $295,000 Active 113 DOM
8. 2026-06-08
   days on market $295,000 Active 112 DOM
9. 2026-06-07
   days on market $295,000 Active 111 DOM
10. 2026-06-04
    days on market $295,000 Active 108 DOM
11. 2026-06-03
    days on market $295,000 Active 107 DOM
12. 2026-06-02
    days on market $295,000 Active 106 DOM
13. 2026-06-01
    days on market $295,000 Active 105 DOM
14. 2026-05-31
    days on market $295,000 Active 104 DOM
15. 2026-05-14
    status Active 531-char remark

    Show marketing remark (531 chars)

    Welcome to 17005 78th Pl N, a property that has recently undergone a partial flooring replacement, giving it a fresh and modern look. The kitchen is a chef's dream, equipped with all stainless steel appliances that add a sleek and contemporary touch to the space. This property is perfect for those who appreciate the blend of classic and modern design elements. Don't miss out on this unique opportunity to own a home that combines style and functionality in a seamless manner. Included 100-Day Home Warranty with buyer activation

16. 2026-05-12
    historical 531-char remark

    Show marketing remark (531 chars)

    Welcome to 17005 78th Pl N, a property that has recently undergone a partial flooring replacement, giving it a fresh and modern look. The kitchen is a chef's dream, equipped with all stainless steel appliances that add a sleek and contemporary touch to the space. This property is perfect for those who appreciate the blend of classic and modern design elements. Don't miss out on this unique opportunity to own a home that combines style and functionality in a seamless manner. Included 100-Day Home Warranty with buyer activation

17. 2026-05-01
    status Active 531-char remark

    Show marketing remark (531 chars)

    Welcome to 17005 78th Pl N, a property that has recently undergone a partial flooring replacement, giving it a fresh and modern look. The kitchen is a chef's dream, equipped with all stainless steel appliances that add a sleek and contemporary touch to the space. This property is perfect for those who appreciate the blend of classic and modern design elements. Don't miss out on this unique opportunity to own a home that combines style and functionality in a seamless manner. Included 100-Day Home Warranty with buyer activation

18. 2026-04-26
    historical 531-char remark

    Show marketing remark (531 chars)

    Welcome to 17005 78th Pl N, a property that has recently undergone a partial flooring replacement, giving it a fresh and modern look. The kitchen is a chef's dream, equipped with all stainless steel appliances that add a sleek and contemporary touch to the space. This property is perfect for those who appreciate the blend of classic and modern design elements. Don't miss out on this unique opportunity to own a home that combines style and functionality in a seamless manner. Included 100-Day Home Warranty with buyer activation

19. 2026-04-02
    price $295,000 531-char remark

    Show marketing remark (531 chars)

    Welcome to 17005 78th Pl N, a property that has recently undergone a partial flooring replacement, giving it a fresh and modern look. The kitchen is a chef's dream, equipped with all stainless steel appliances that add a sleek and contemporary touch to the space. This property is perfect for those who appreciate the blend of classic and modern design elements. Don't miss out on this unique opportunity to own a home that combines style and functionality in a seamless manner. Included 100-Day Home Warranty with buyer activation

20. 2026-02-10
    listed $300,000 Active 531-char remark

    Show marketing remark (531 chars)

    Welcome to 17005 78th Pl N, a property that has recently undergone a partial flooring replacement, giving it a fresh and modern look. The kitchen is a chef's dream, equipped with all stainless steel appliances that add a sleek and contemporary touch to the space. This property is perfect for those who appreciate the blend of classic and modern design elements. Don't miss out on this unique opportunity to own a home that combines style and functionality in a seamless manner. Included 100-Day Home Warranty with buyer activation

21. 2016-12-05
    soldstatus $193,500
22. 2016-11-18
    soldstatus $193,500 Sold 279-char remark

    Show marketing remark (279 chars)

    Talk about move in ready! Everything is ready for you to just move in and enjoy. Newly painted, new lighting, new flooring and stainless steel appliances. This home has everything you need in a 3 bedroom, 3 bathroom townhouse. The best part - Rush Creek Elementary! Welcome Home.

23. 2016-11-14
    status Pending 279-char remark

    Show marketing remark (279 chars)

    Talk about move in ready! Everything is ready for you to just move in and enjoy. Newly painted, new lighting, new flooring and stainless steel appliances. This home has everything you need in a 3 bedroom, 3 bathroom townhouse. The best part - Rush Creek Elementary! Welcome Home.

24. 2016-10-26
    historical Contingent - Inspection 279-char remark

    Show marketing remark (279 chars)

    Talk about move in ready! Everything is ready for you to just move in and enjoy. Newly painted, new lighting, new flooring and stainless steel appliances. This home has everything you need in a 3 bedroom, 3 bathroom townhouse. The best part - Rush Creek Elementary! Welcome Home.

25. 2016-10-21
    status Active 279-char remark

    Show marketing remark (279 chars)

    Talk about move in ready! Everything is ready for you to just move in and enjoy. Newly painted, new lighting, new flooring and stainless steel appliances. This home has everything you need in a 3 bedroom, 3 bathroom townhouse. The best part - Rush Creek Elementary! Welcome Home.

26. 2016-10-13
    status Pending 279-char remark

    Show marketing remark (279 chars)

    Talk about move in ready! Everything is ready for you to just move in and enjoy. Newly painted, new lighting, new flooring and stainless steel appliances. This home has everything you need in a 3 bedroom, 3 bathroom townhouse. The best part - Rush Creek Elementary! Welcome Home.

27. 2016-09-29
    historical Contingent - Inspection 279-char remark

    Show marketing remark (279 chars)

    Talk about move in ready! Everything is ready for you to just move in and enjoy. Newly painted, new lighting, new flooring and stainless steel appliances. This home has everything you need in a 3 bedroom, 3 bathroom townhouse. The best part - Rush Creek Elementary! Welcome Home.

28. 2016-09-14
    listed $199,900 Active 279-char remark

    Show marketing remark (279 chars)

    Talk about move in ready! Everything is ready for you to just move in and enjoy. Newly painted, new lighting, new flooring and stainless steel appliances. This home has everything you need in a 3 bedroom, 3 bathroom townhouse. The best part - Rush Creek Elementary! Welcome Home.

29. 2016-09-14
    historical

    Show marketing remark (279 chars)

    Talk about move in ready! Everything is ready for you to just move in and enjoy. Newly painted, new lighting, new flooring and stainless steel appliances. This home has everything you need in a 3 bedroom, 3 bathroom townhouse. The best part - Rush Creek Elementary! Welcome Home.

30. 2016-07-26
    price $209,900
31. 2016-06-24
    listed $214,900 Active
32. 2005-12-27
    soldstatus $202,500
33. 2005-12-12
    soldstatus $202,500
34. 2005-11-22
    historical
35. 2005-09-27
    historical
36. 2005-09-27
    listed $209,900
37. 2005-06-06
    listed $209,900
38. 2003-09-18
    soldstatus $193,000
39. 2003-09-18
    soldstatus $193,000
40. 2003-07-17
    historical
41. 2003-06-12
    listed $189,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MN · Partial reset (capped growth)

• Current annual tax: $3,775 · $315/mo
• Projected year-2 tax: $3,775 · $315/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,536
• − Mortgage interest: −$16,245
• − Property taxes: −$3,775
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,523
• − Management: −$2,523
• − HOA: −$4,800
• − Depreciation: −$8,436
• Taxable loss: −$8,216
• Est. tax savings @ 24.0%: +$1,972
• After-tax cash flow: $-1,389/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Osseo Public School District
• NCES district ID: 2725200
• Math proficiency: 42% ▼ -7.00%
• Reading proficiency: 51% ▼ -4.00%
• Median HH income: $76,168
• Composite: 42.35/100
• National rank: #3250
• State rank: #129 of 301 in MN

Livability — Maple Grove

• Score: 81/100
• State rank: #54
• US rank: #1353

Category grades

Amenities D Commute A+ Cost of living D Crime A- Employment A+ Housing A+ Health & safety A- User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Maple Grove, MN
• County: Hennepin County · 1,150,272 people
• City population: 77,762
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 38,472
• Household income: $153,568
• Rent vs Own: 13.3% rent · 86.7% own
• Severe rent burden: 497.0

Population outlook (Hennepin County) Hauer SSP2

• Today (2025): 1,405,227 people
• By 2030: 1,492,650 · +6.2%
• By 2040: 1,660,157 · +18.1%
• By 2050: 1,823,498 · +29.8%
• By 2075: 2,221,283 · +58.1%
• By 2100: 2,509,976 · +78.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Asian 8% Black 7% Two or more races 3% Hispanic / Latino 1%
• Common ancestry: Portuguese 12% Lithuanian 4% Romanian 4%
• Foreign-born: 12% · Canada, Vietnam, South Korea
• Languages at home: 87% English-only · Other Indo-European 3% Vietnamese 1% Chinese 1%

Political lean MEDSL · Hennepin

• 2024 margin: Solid D (+42.6) · D 70.2% · R 27.5% · Other 2.3%
• 2008→2024 swing: +14.0pp toward D · 2008: 28.6pp · 2024: 42.6pp
• All cycles: 2024: D+42.6 2020: D+43.2 2016: D+35.3 2012: D+27.1 2008: D+28.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -181.69%
• Current HPI: 213.3896
• Rent YoY: ▲ 5.86%
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• State GDP YoY: ▲ 2.41%
• F500 in state: 34

Industry mix (Fortune 500 HQ in MN)

Industry	F500 HQs	Revenue
▸Healthcare	2	$407B
▸Retail	2	$150B
▸Consumer Goods	2	$32B
▸Industrial Machinery	2	$6B
▸Agriculture	1	$40B
▸Healthcare / Medical Devices	1	$32B

Price history

+55.3% since first listed

27 events — show timeline

• 2026-05-14 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-12 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-01 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-26 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-02 Price Changed $295,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-10 Listed $300,000 NORTHSTARMLS as Distributed by MLS Grid
• 2016-12-05 Sold (Public Records) $193,500 Public Records
• 2016-11-18 Sold (MLS) $193,500 NORTHSTARMLS as Distributed by MLS Grid
• 2016-11-14 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2016-10-26 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2016-10-21 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2016-10-13 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2016-09-29 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2016-09-14 Listed $199,900 NORTHSTARMLS as Distributed by MLS Grid
• 2016-09-14 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2016-07-26 Price Changed $209,900 NORTHSTARMLS as Distributed by MLS Grid
• 2016-06-24 Listed $214,900 NORTHSTARMLS as Distributed by MLS Grid
• 2005-12-27 Sold (Public Records) $202,500 Public Records
• 2005-12-12 Sold (MLS) $202,500 NORTHSTARMLS as Distributed by MLS Grid
• 2005-11-22 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2005-09-27 Listed $209,900 NORTHSTARMLS as Distributed by MLS Grid
• 2005-09-27 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2005-06-06 Listed $209,900 NORTHSTARMLS as Distributed by MLS Grid
• 2003-09-18 Sold (Public Records) $193,000 Public Records
• 2003-09-18 Sold (MLS) $193,000 NORTHSTARMLS as Distributed by MLS Grid
• 2003-07-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2003-06-12 Listed $189,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+3.2%/yr

Latest (2025): $3,775 · +6.9% YoY. Source: county tax records.