7238 Dora Dr · Lino Lakes, MN 55038

$339,900

3 bd · 3.0 ba · 1,784 sqft · Townhouse public records · 35 Days on market

Built 2020 0.40 ac lot $191/sqft · at area comps Est $336k · at est. $263/mo HOA · 9% of rent

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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).

• Cash flow +9.5/30.0
• ARV discount +7.0/15.0
• Schools +4.6/10.0
• Livability +3.6/5.0
• 1% rule +3.4/10.0
• DSCR +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

The great desirable rare offering of a virtually new, mint condition, south facing, end unit townhome! Prime location in development with park across the street, trails, a phenomenal community center that boasts gathering space with commercial grade kitchen, conference center, work-out facilities, tennis/pickle ball courts, custom playground and more! This is really a treat! Two story style end unit with 3 bedrooms and family room on one level, upper level laundry, huge primary suite with all the upgrades! Kitchen center island, 3 baths, patio, super friendly floor plan and much more! Your dream home awaits. .. .

Key facts

• Conference center
• End unit
• Tennis courts

Tags

• END UNIT
• PARK ACROSS THE STREET
• COMMERCIAL GRADE KITCHEN
• CONFERENCE CENTER
• WORK-OUT FACILITIES
• TENNIS COURTS

Property features AI

Finance

• Other: Shared community rooms and amenities: clubhouse, community room, exercise room, play area, business center, amusement/party room
• HOA & community: HOA managed by Associa MN; Monthly association fee; Association amenities include patio, tennis courts, trails, fire sprinkler system, shared amenities; Association fee covers hazard insurance, lawn care, grounds maintenance, professional management, snow removal, shared amenities

Exterior

• Parking: Attached insulated garage with garage door opener; Asphalt driveway; Guest parking; 2-car garage (approx. 22 x 18)
• Utilities: City water (connected); City sewer (connected); 150 amp electrical service; Natural gas
• Home design: Residential attached property; Two levels; Primary living level plus upper level
• Construction: Slab foundation; Roof replaced/updated within last 8 years
• Exterior features: Patio; Stone and vinyl exterior; Light tree coverage; In-ground sprinkler system

Interior

• Kitchen: Range; Microwave; Dishwasher; Refrigerator; Stainless steel appliances; Kitchen island; Breakfast bar
• Bedrooms: 3 bedrooms total; Primary bedroom suite on main level; Other bedrooms located on upper level
• Bathrooms: Main floor half bath; Primary bath is 3/4 with double sink and private shower; Upper level includes a 3/4 bath and a full bath
• Heating & cooling: Forced air heating; Central air conditioning; Electric water heater
• Interior features: Air-to-air exchanger; Exhaust fan; Humidifier; Water softener (owned); Paneled doors; Indoor sprinkler system; Kitchen center island; Primary bedroom walk-in closet; Walk-in closet; Primary bedroom suite; Breakfast bar; Informal dining area; Living/dining room configuration; No basement
• Laundry & utility: Washer hookup; Dryer; Washer; Laundry located in hall/upper level with laundry closet

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $340k.

Deal economics

• At list price, monthly cash flow is $-234 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $299k (12.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $286k (15.9% below list).
• Recommended offer: $286k (15.9% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 3.1% in Lino Lakes — 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 72/100 on livability (#287 in MN) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living D+, amenities F, commute F.
• White Bear Lake School District (suburban): math 45% / reading 57% proficiency, ranked #83 of 301 in MN (top 28%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 279 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 1,083 units permitted in Anoka County in 2024 (134 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 $10k of value loss. Plan a longer hold.
• Anoka County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 35 days — a 3% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 5y 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.

Recommended offer $285,814 (15.9% 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 35 days. Have you received any prior offers? Is the seller open to a 16% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
6. 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?
7. 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.
8. 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.
9. 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: 0.84% ✗
• Cap rate: 5.47%
• Cash-on-cash: -2.94%
• DSCR: 0.87
• GRM: 9.9

CMA / ARV

• ARV (median comp): $336,498
• List price: $339,900
• Delta: 1.01%
• Verdict: FAIR
• Comps: 3 within 2.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -21.2%
• Equity multiple: 0.27×
• Total profit: $-69,820
• Equity at exit: $50,680

10-year hold

• IRR: -14.5%
• Equity multiple: 0.17×
• Total profit: $-79,417
• Equity at exit: $29,388

Cash invested: $95,172 (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 55038

• Home prices YoY: -31.6%
• Active inventory: 279
• Price-to-rent: 9.9×

Monthly cashflow live

• Estimated rent: $2,858 medium
• Mortgage (P&I): −$1,782
• Tax from tax record: −$304 /mo · $3,652/yr
• Insurance: −$142
• HOA: −$263
• Vacancy / Maint / Mgmt: −$600
• Net cashflow: $-234

Break-even live

Break-even rent $3,154

Max offer price $298,651

Occupancy floor —

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: $84,975
• Closing costs: $10,197
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4631 Rosemary Way Hugo, MN	3.0	1.0–2.0	963	$2,800	$2.91	1d	1	1.00mi
15119 Fanning Dr N Hugo, MN	4.0	3.0	1982	$2,750	$1.39	2d	1	1.49mi

HOA detail

• Monthly dues: $263 · $3,156/yr

Listing history 23 events

1. 2026-06-18
   days on market $339,900 Active 35 DOM
2. 2026-06-17
   days on market $339,900 Active 34 DOM
3. 2026-06-16
   days on market $339,900 Active 33 DOM
4. 2026-06-15
   days on market $339,900 Active 32 DOM
5. 2026-06-13
   days on market $339,900 Active 30 DOM
6. 2026-06-13
   days on market $339,900 Active 29 DOM
7. 2026-06-09
   days on market $339,900 Active 26 DOM
8. 2026-06-08
   days on market $339,900 Active 25 DOM
9. 2026-06-07
   days on market $339,900 Active 24 DOM
10. 2026-06-04
    days on market $339,900 Active 21 DOM
11. 2026-06-03
    days on market $339,900 Active 20 DOM
12. 2026-06-02
    days on market $339,900 Active 19 DOM
13. 2026-06-01
    days on market $339,900 Active 18 DOM
14. 2026-05-31
    days on market $339,900 Active 17 DOM
15. 2026-05-14
    listed $339,900 Active 618-char remark
16. 2026-05-14
    historical
17. 2026-05-08
    status Active
18. 2026-05-06
    historical
19. 2026-05-01
    status Active
20. 2026-04-25
    historical
21. 2026-03-05
    listed $345,000 Active
22. 2021-10-08
    listed $327,640
23. 2021-10-08
    historical

ⓘ 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: $3,652 · $304/mo
• Projected year-2 tax: $3,729 · $311/mo
• Expected delta: +$77/yr (+$6/mo · 2.1%)

ⓘ 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 ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $34,298
• − Mortgage interest: −$19,040
• − Property taxes: −$3,652
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,744
• − Management: −$2,744
• − HOA: −$3,156
• − Depreciation: −$9,888
• Taxable loss: −$8,625
• Est. tax savings @ 24.0%: +$2,070
• After-tax cash flow: $-732/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: White Bear Lake School District
• NCES district ID: 2742360
• Math proficiency: 45% ▼ -18.00%
• Reading proficiency: 57% ▼ -8.00%
• Median HH income: $73,051
• Composite: 45.78/100
• National rank: #2564
• State rank: #83 of 301 in MN

Livability — Lino Lakes

• Score: 72/100
• State rank: #287
• US rank: #6259

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lino Lakes, MN
• County: Washington County · 235,613 people
• City population: 28,975
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 25,061
• Household income: $130,931
• Rent vs Own: 8.6% rent · 91.4% own
• Severe rent burden: 222.0

Population outlook (Anoka County) Hauer SSP2

• Today (2025): 375,223 people
• By 2030: 387,850 · +3.4%
• By 2040: 407,239 · +8.5%
• By 2050: 417,541 · +11.3%
• By 2075: 448,447 · +19.5%
• By 2100: 464,954 · +23.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Asian 4% Two or more races 4% Hispanic / Latino 3% Black 3%
• Common ancestry: Portuguese 14% Lithuanian 7% Romanian 4%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Other Asian/Pacific 2% Spanish 1%

Political lean MEDSL · Anoka

• 2024 margin: Toss-up / Even · D 46.6% · R 51.0% · Other 2.4%
• 2008→2024 swing: -2.0pp toward R · 2008: -2.4pp · 2024: -4.4pp
• All cycles: 2024: R+4.4 2020: R+1.9 2016: R+9.7 2012: R+2.6 2008: R+2.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -103.33%
• Current HPI: 223.6524
• Rent YoY: —
• 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

+3.7% since first listed

9 events — show timeline

• 2026-05-14 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-14 Listed $339,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-06 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-01 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-25 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-05 Listed $345,000 NORTHSTARMLS as Distributed by MLS Grid
• 2021-10-08 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2021-10-08 Listed $327,640 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+34.6%/yr

Latest (2026): $3,652 · +5.4% YoY. Source: county tax records.