9933 Twin Lakes Pkwy NW · Elk River, MN 55330

$329,900

3 bd · 2.0 ba · 1,172 sqft · SingleFamily public records · 14 Days on market

Built 2023 7,841 sqft lot $281/sqft · 25% below area Est $434k · 24% under ↓ 9% since listing

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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).

• ARV discount +15.0/15.0
• Cash flow +6.9/30.0
• Schools +5.2/10.0
• Livability +3.6/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.5/10.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this beautifully designed one level living home with a full walkout basement in Elk River, offering the perfect blend of modern finishes, functional layout, and room to grow. Featuring 3 BR, 2 BA, and main-level living, this home is ideal for those seeking comfort, convenience, and long-term flexibility. Step inside to an inviting open-concept layout filled with natural light. The modern kitchen is equipped with stainless steel appliances, ample cabinetry, and a seamless flow into the dining and living areas—perfect for everyday living and entertaining. The master suite offers a private retreat with a full bath and walk-in closet, while two additional bedrooms provide flexibility for guests, a home office, or hobbies. Everything you need is conveniently located on one level, making this home both practical and accessible. Enjoy peaceful outdoor living with a pond views backyard. The true standout feature is the full unfinished lower level with over 1,000+ sq ft of potential—ready for your vision. Create additional bedrooms, a family room, home gym, or entertainment space and nearly double your finished living area, adding instant value and equity over time. This home offers the rare combination of modern style, affordable pricing, and future expansion potential—a smart investment and a place you’ll love to call home.

Key facts

• 7,841 sq ft lot
• Built 2023
• Listed 14 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $330k.

Deal economics

• At list price, monthly cash flow is $-503 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $241k (26.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $214k (35.2% below list).
• Recommended offer: $214k (35.2% below list) — sets the bar for 1% rule.
• Cap rate 4.5% vs local median 3.4% in Elk River — 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 (#265 in MN) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Independent School District 728 (suburban): math 56% / reading 60% proficiency, ranked #37 of 301 in MN (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: 453 active listings in the ZIP; high-income renter base; 334 units permitted in Sherburne County in 2024 (58 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.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 15 sale attempts since 3y 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 $213,873 (35.2% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 0.65% ✗
• Cap rate: 4.46%
• Cash-on-cash: -6.54%
• DSCR: 0.71
• GRM: 12.9

CMA / ARV

• ARV (median comp): $433,503
• List price: $329,900
• Delta: -19.27%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10290 187th Ave NW	0.49mi	3/1.0	1,316 (+12%)	17mo	$326,500	$248	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

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

5-year hold

• IRR: -27.6%
• Equity multiple: 0.07×
• Total profit: $-85,529
• Equity at exit: $49,189

10-year hold

• IRR: -26.0%
• Equity multiple: -0.25×
• Total profit: $-115,834
• Equity at exit: $28,524

Cash invested: $92,372 (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 55330

• Active inventory: 453
• Price-to-rent: 12.9×

Monthly cashflow live

• Estimated rent: $2,139 medium
• Mortgage (P&I): −$1,730
• Tax from tax record: −$325 /mo · $3,904/yr
• Insurance: −$137
• HOA: −$0
• Vacancy / Maint / Mgmt: −$449
• Net cashflow: $-503

Break-even live

Break-even rent $2,776

Max offer price $241,004

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: $82,475
• Closing costs: $9,897
• Reserves months: —
• Total cash needed: —

Listing history 45 events

1. 2026-06-18
   days on market $329,900 Active 14 DOM
2. 2026-06-17
   pricestatusdays on marketlisting id $329,900 Active 13 DOM

   Show marketing remark (1376 chars)

   Welcome to this beautifully designed one level living home with a full walkout basement in Elk River, offering the perfect blend of modern finishes, functional layout, and room to grow. Featuring 3 BR, 2 BA, and main-level living, this home is ideal for those seeking comfort, convenience, and long-term flexibility. Step inside to an inviting open-concept layout filled with natural light. The modern kitchen is equipped with stainless steel appliances, ample cabinetry, and a seamless flow into the dining and living areas—perfect for everyday living and entertaining. The master suite offers a private retreat with a full bath and walk-in closet, while two additional bedrooms provide flexibility for guests, a home office, or hobbies. Everything you need is conveniently located on one level, making this home both practical and accessible. Enjoy peaceful outdoor living with a pond views backyard. The true standout feature is the full unfinished lower level with over 1,000+ sq ft of potential—ready for your vision. Create additional bedrooms, a family room, home gym, or entertainment space and nearly double your finished living area, adding instant value and equity over time. This home offers the rare combination of modern style, affordable pricing, and future expansion potential—a smart investment and a place you’ll love to call home.

3. 2026-05-13
   status Pending 1376-char remark

   Show marketing remark (1376 chars)

   Welcome to this beautifully designed one level living home with a full walkout basement in Elk River, offering the perfect blend of modern finishes, functional layout, and room to grow. Featuring 3 BR, 2 BA, and main-level living, this home is ideal for those seeking comfort, convenience, and long-term flexibility. Step inside to an inviting open-concept layout filled with natural light. The modern kitchen is equipped with stainless steel appliances, ample cabinetry, and a seamless flow into the dining and living areas—perfect for everyday living and entertaining. The master suite offers a private retreat with a full bath and walk-in closet, while two additional bedrooms provide flexibility for guests, a home office, or hobbies. Everything you need is conveniently located on one level, making this home both practical and accessible. Enjoy peaceful outdoor living with a pond views backyard. The true standout feature is the full unfinished lower level with over 1,000+ sq ft of potential—ready for your vision. Create additional bedrooms, a family room, home gym, or entertainment space and nearly double your finished living area, adding instant value and equity over time. This home offers the rare combination of modern style, affordable pricing, and future expansion potential—a smart investment and a place you’ll love to call home.

4. 2026-05-11
   price $349,950 1376-char remark

   Show marketing remark (1376 chars)

   Welcome to this beautifully designed one level living home with a full walkout basement in Elk River, offering the perfect blend of modern finishes, functional layout, and room to grow. Featuring 3 BR, 2 BA, and main-level living, this home is ideal for those seeking comfort, convenience, and long-term flexibility. Step inside to an inviting open-concept layout filled with natural light. The modern kitchen is equipped with stainless steel appliances, ample cabinetry, and a seamless flow into the dining and living areas—perfect for everyday living and entertaining. The master suite offers a private retreat with a full bath and walk-in closet, while two additional bedrooms provide flexibility for guests, a home office, or hobbies. Everything you need is conveniently located on one level, making this home both practical and accessible. Enjoy peaceful outdoor living with a pond views backyard. The true standout feature is the full unfinished lower level with over 1,000+ sq ft of potential—ready for your vision. Create additional bedrooms, a family room, home gym, or entertainment space and nearly double your finished living area, adding instant value and equity over time. This home offers the rare combination of modern style, affordable pricing, and future expansion potential—a smart investment and a place you’ll love to call home.

5. 2026-04-23
   price $359,900 1376-char remark

   Show marketing remark (1376 chars)

   Welcome to this beautifully designed one level living home with a full walkout basement in Elk River, offering the perfect blend of modern finishes, functional layout, and room to grow. Featuring 3 BR, 2 BA, and main-level living, this home is ideal for those seeking comfort, convenience, and long-term flexibility. Step inside to an inviting open-concept layout filled with natural light. The modern kitchen is equipped with stainless steel appliances, ample cabinetry, and a seamless flow into the dining and living areas—perfect for everyday living and entertaining. The master suite offers a private retreat with a full bath and walk-in closet, while two additional bedrooms provide flexibility for guests, a home office, or hobbies. Everything you need is conveniently located on one level, making this home both practical and accessible. Enjoy peaceful outdoor living with a pond views backyard. The true standout feature is the full unfinished lower level with over 1,000+ sq ft of potential—ready for your vision. Create additional bedrooms, a family room, home gym, or entertainment space and nearly double your finished living area, adding instant value and equity over time. This home offers the rare combination of modern style, affordable pricing, and future expansion potential—a smart investment and a place you’ll love to call home.

6. 2026-04-03
   listed $369,900 Active 1376-char remark

   Show marketing remark (1376 chars)

   Welcome to this beautifully designed one level living home with a full walkout basement in Elk River, offering the perfect blend of modern finishes, functional layout, and room to grow. Featuring 3 BR, 2 BA, and main-level living, this home is ideal for those seeking comfort, convenience, and long-term flexibility. Step inside to an inviting open-concept layout filled with natural light. The modern kitchen is equipped with stainless steel appliances, ample cabinetry, and a seamless flow into the dining and living areas—perfect for everyday living and entertaining. The master suite offers a private retreat with a full bath and walk-in closet, while two additional bedrooms provide flexibility for guests, a home office, or hobbies. Everything you need is conveniently located on one level, making this home both practical and accessible. Enjoy peaceful outdoor living with a pond views backyard. The true standout feature is the full unfinished lower level with over 1,000+ sq ft of potential—ready for your vision. Create additional bedrooms, a family room, home gym, or entertainment space and nearly double your finished living area, adding instant value and equity over time. This home offers the rare combination of modern style, affordable pricing, and future expansion potential—a smart investment and a place you’ll love to call home.

7. 2024-10-31
   soldstatus $350,900 Sold 674-char remark

   Show marketing remark (674 chars)

   Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

8. 2024-09-23
   status Pending 674-char remark

   Show marketing remark (674 chars)

   Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

9. 2024-09-23
   status Active 674-char remark

   Show marketing remark (674 chars)

   Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

10. 2024-09-16
    status Pending 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

11. 2024-08-27
    price $350,900 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

12. 2024-08-07
    status Active 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

13. 2024-08-07
    historical 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

14. 2024-08-02
    price $370,900 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

15. 2024-07-29
    status Active 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

16. 2024-07-16
    status Pending 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

17. 2024-07-05
    status Active 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

18. 2024-07-05
    price $367,900 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

19. 2024-07-01
    status Pending 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

20. 2024-06-09
    price $363,900 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

21. 2024-06-07
    price $360,900 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

22. 2024-06-06
    price $363,900 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

23. 2024-06-06
    price $360,900 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

24. 2024-05-10
    listed $357,900 Active 674-char remark

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

25. 2024-05-10
    historical

    Show marketing remark (674 chars)

    Ask us about our special interest rates and closing cost incentives. Located in Elk River, this new construction rambler home offers 3 bedrooms, 2 baths, and 1,157 sq ft of living space, as well as the ability to add 1096 sq ft in the basement. From the inviting living space to the spacious primary bedroom retreat, this home is designed with relaxation in mind. The home is loaded with upgrades, including a new roof, new windows, luxury vinyl plank flooring, and more. The exterior of the home is well-maintained, has a private backyard, as well as a spacious side yard which is perfect for outdoor entertaining. The Miske Meadows community is a great place to call home!

26. 2024-05-08
    status Active
27. 2024-05-08
    historical
28. 2024-03-23
    price $354,900
29. 2024-03-15
    listed $384,900 Active
30. 2024-03-11
    status Pending
31. 2024-03-11
    historical
32. 2024-02-23
    listed $384,900 Active
33. 2024-02-22
    historical
34. 2024-01-17
    listed $384,900 Active
35. 2024-01-17
    historical
36. 2023-12-05
    listed $384,900 Active
37. 2023-12-05
    historical
38. 2023-11-17
    price $384,900
39. 2023-11-10
    price $381,900
40. 2023-10-26
    listed $378,900 Active
41. 2023-10-26
    historical
42. 2023-10-02
    price $378,900
43. 2023-09-22
    listed $385,900 Active
44. 2023-09-22
    historical
45. 2023-08-11
    listed $385,900 Active

ⓘ 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: $3,904 · $325/mo
• Projected year-2 tax: $3,904 · $325/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 4/10 Moderate
• 🌡 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 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,665
• − Mortgage interest: −$18,480
• − Property taxes: −$3,904
• − Insurance: −$1,650
• − Repairs & maintenance: −$2,053
• − Management: −$2,053
• − Depreciation: −$9,597
• Taxable loss: −$12,072
• Est. tax savings @ 24.0%: +$2,897
• After-tax cash flow: $-3,141/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: Independent School District 728
• NCES district ID: 2711370
• Math proficiency: 56% ▼ -15.00%
• Reading proficiency: 60% ▼ -10.00%
• Median HH income: $82,336
• Composite: 52.5/100
• National rank: #1567
• State rank: #37 of 301 in MN

Livability — Elk River

• Score: 72/100
• State rank: #265
• US rank: #5795

Category grades

Amenities F Commute F Cost of living B- 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: Elk River, MN
• County: Sherburne County · 120,363 people
• City population: 45,721
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 45,721
• Household income: $115,761
• Rent vs Own: 15.8% rent · 84.2% own
• Severe rent burden: 285.0

Population outlook (Sherburne County) Hauer SSP2

• Today (2025): 97,402 people
• By 2030: 99,341 · +2.0%
• By 2040: 101,188 · +3.9%
• By 2050: 99,214 · +1.9%
• By 2075: 88,700 · -8.9%
• By 2100: 72,241 · -25.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Black 4% Hispanic / Latino 3% Asian 1%
• Common ancestry: Portuguese 13% Romanian 6% Lithuanian 3%
• Foreign-born: 5% · Canada, South Korea
• Languages at home: 94% English-only · Spanish 2% Russian/Polish/Slavic 1% Other Asian/Pacific 1%

Political lean MEDSL · Sherburne

• 2024 margin: Solid R (+34.9) · D 31.7% · R 66.6% · Other 1.7%
• 2008→2024 swing: -16.7pp toward R · 2008: -18.2pp · 2024: -34.9pp
• All cycles: 2024: R+34.9 2020: R+32.6 2016: R+37.0 2012: R+22.1 2008: R+18.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -173.46%
• Current HPI: 241.3028
• 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

-9.3% since first listed

45 events — show timeline

• 2026-06-17 Sold (MLS) $350,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-06-04 Listed $329,900 ForSaleByOwner.com
• 2026-05-13 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-11 Price Changed $349,950 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $359,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-03 Listed $369,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-10-31 Sold (MLS) $350,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-09-23 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-09-23 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2024-09-16 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-27 Price Changed $350,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-07 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-07 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-08-02 Price Changed $370,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-29 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-16 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-05 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-05 Price Changed $367,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-07-01 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-09 Price Changed $363,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-07 Price Changed $360,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-06 Price Changed $363,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-06-06 Price Changed $360,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-05-10 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-05-10 Listed $357,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-05-08 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2024-05-08 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-03-23 Price Changed $354,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-03-15 Listed $384,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-03-11 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2024-03-11 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-02-23 Listed $384,900 NORTHSTARMLS as Distributed by MLS Grid
• 2024-02-22 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-01-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2024-01-17 Listed $384,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-12-05 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2023-12-05 Listed $384,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-11-17 Price Changed $384,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-11-10 Price Changed $381,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-10-26 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2023-10-26 Listed $378,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-10-02 Price Changed $378,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-22 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2023-09-22 Listed $385,900 NORTHSTARMLS as Distributed by MLS Grid
• 2023-08-11 Listed $385,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+311.6%/yr

Latest (2025): $3,904 · +380.8% YoY. Source: county tax records.