38905 County Road 153 · St. Anthony, MN 56307

$123,500

3 bd · 1.0 ba · 1,109 sqft · SingleFamily public records · 126 Days on market

Built 1900 7,405 sqft lot

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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 +15.8/30.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• DSCR +4.9/10.0
• 1% rule +3.8/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

Key facts

• 7,405 sq ft lot
• 2 garage spots
• Built 1900

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $124k.

Deal economics

• At list price, monthly cash flow is $57 ($683/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $109k (12.1% below list).
• Recommended offer: $109k (12.1% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 2.9% in St. Anthony — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Albany Public School District (rural): math 57% / reading 58% proficiency, ranked #51 of 301 in MN (top 17%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Albany Elementary (math 61% / reading 59%, grade B-, #209 of 857 statewide, top 25%, 498 students, 32% FRL); Albany Area Middle School (math 57% / reading 55%, grade B-, #41 of 258 statewide, top 16%, 454 students, 23% FRL); Albany Area High School (math 52% / reading 67%, grade C+, #46 of 471 statewide, top 11%, 536 students, 18% FRL).
• Market conditions: 22 active listings in the ZIP; 661 units permitted in Stearns County in 2024 (291 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $854 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Stearns County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 126 days — a 12% lower offer ($109k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 24y ago; this cycle's ask has dropped $72k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $108,592 (12.1% below list)

Questions for the listing agent

1. It's been on market 126 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.88% ✗
• Cap rate: 6.85%
• Cash-on-cash: 1.98%
• DSCR: 1.09
• GRM: 9.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -13.2%
• Equity multiple: 0.53×
• Total profit: $-16,402
• Equity at exit: $18,414

10-year hold

• IRR: -4.2%
• Equity multiple: 0.72×
• Total profit: $-9,677
• Equity at exit: $10,678

Cash invested: $34,580 (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 56307

• Home prices YoY: -7.5%
• Active inventory: 22
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,086 medium
• Mortgage (P&I): −$648
• Tax from tax record: −$102 /mo · $1,222/yr
• Insurance: −$51
• HOA: −$0
• Vacancy / Maint / Mgmt: −$228
• Net cashflow: $57

Break-even live

Break-even rent $1,014

Max offer price $123,500

Occupancy floor 90%

Sensitivity live

Price	-10% $127	-5% $92	+0% $57	+5% $22	+10% $-13
Rent	-10% $-29	-5% $14	+0% $57	+5% $100	+10% $143
Rate	-1.0pp $119	-0.5pp $88	base $57	+0.5pp $25	+1.0pp $-8

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: $30,875
• Closing costs: $3,705
• Reserves months: —
• Total cash needed: —

Listing history 46 events

1. 2026-06-21
   days on market $123,500 Active 126 DOM
2. 2026-06-21
   days on market $123,500 Active 125 DOM
3. 2026-06-18
   days on market $123,500 Active 123 DOM
4. 2026-06-17
   days on market $123,500 Active 122 DOM
5. 2026-06-17
   price $123,500 Active 121 DOM
6. 2026-06-16
   days on market $129,900 Active 121 DOM
7. 2026-06-15
   days on market $129,900 Active 120 DOM
8. 2026-06-13
   days on market $129,900 Active 118 DOM
9. 2026-06-12
   days on market $129,900 Active 117 DOM
10. 2026-06-09
    days on market $129,900 Active 114 DOM
11. 2026-06-08
    days on market $129,900 Active 113 DOM
12. 2026-06-07
    days on market $129,900 Active 112 DOM
13. 2026-06-05
    days on market $129,900 Active 110 DOM
14. 2026-06-04
    days on market $129,900 Active 108 DOM
15. 2026-06-02
    days on market $129,900 Active 107 DOM
16. 2026-06-01
    days on market $129,900 Active 106 DOM
17. 2026-05-31
    days on market $129,900 Active 105 DOM
18. 2026-05-31
    days on market $129,900 Active 104 DOM
19. 2026-05-06
    price $149,900 641-char remark

    Show marketing remark (641 chars)

    This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

20. 2026-05-05
    status Active 641-char remark

    Show marketing remark (641 chars)

    This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

21. 2026-05-05
    historical 641-char remark

    Show marketing remark (641 chars)

    This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

22. 2026-05-01
    status Active 641-char remark

    Show marketing remark (641 chars)

    This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

23. 2026-04-26
    historical 641-char remark

    Show marketing remark (641 chars)

    This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

24. 2026-04-06
    price $165,900 641-char remark

    Show marketing remark (641 chars)

    This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

25. 2026-03-03
    price $185,900 641-char remark

    Show marketing remark (641 chars)

    This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

26. 2026-02-11
    listed $195,000 Active 641-char remark

    Show marketing remark (641 chars)

    This property has been placed in an upcoming event. Please submit any pre-auction offer received through the property details page on the auction site. Any post-auction offers will need to be submitted directly to the listing agent. Response within 3 business days. All properties are subject to a 5% buyers premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Open main floor layout featuring one bedroom on the main level and one on the upper level. Enjoy the convenience of upper-level laundry and a versatile bonus room, plus ample storage and a 2-car insulated garage with wood stove.

27. 2023-01-26
    soldstatus $156,000
28. 2023-01-24
    soldstatus $156,000 Sold 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

29. 2022-12-24
    status Pending 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

30. 2022-12-18
    historical Contingent - Inspection 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

31. 2022-12-12
    price $149,900 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

32. 2022-11-28
    price $153,900 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

33. 2022-11-03
    price $154,900 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

34. 2022-10-19
    status Active 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

35. 2022-09-24
    status Pending 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

36. 2022-09-16
    historical Contingent - Inspection 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

37. 2022-08-22
    listed $159,900 Active 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

38. 2022-08-19
    historical $159,900 139-char remark

    Show marketing remark (139 chars)

    Small town living at its best, Spacious fenced in yard. 22x38 heated & insulated garage. Home offers 3 bedroom, 2 bath. Fenced in yard!

39. 2019-05-28
    soldstatus $100,000
40. 2009-06-16
    historical
41. 2008-07-14
    listed $99,900
42. 2002-07-26
    soldstatus $42,000
43. 2002-07-26
    soldstatus $42,000
44. 2002-04-25
    listed $44,900
45. 1999-06-03
    soldstatus $53,000
46. 1992-11-04
    soldstatus $23,500

ⓘ 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: $1,222 · $102/mo
• Projected year-2 tax: $1,303 · $109/mo
• Expected delta: +$81/yr (+$7/mo · 6.6%)

ⓘ 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 1/10 Low 7 d/yr ≥97°F today · 13 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: $13,031
• − Mortgage interest: −$6,918
• − Property taxes: −$1,222
• − Insurance: −$618
• − Repairs & maintenance: −$1,042
• − Management: −$1,042
• − Depreciation: −$3,593
• Taxable loss: −$1,404
• Est. tax savings @ 24.0%: +$337
• After-tax cash flow: $1,020/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: Albany Public School District
• NCES district ID: 2702930
• Math proficiency: 57% ▼ -14.00%
• Reading proficiency: 58% ▼ -11.00%
• Median HH income: $63,768
• Composite: 50.32/100
• National rank: #1881
• State rank: #51 of 301 in MN

Livability — St. Anthony

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Anthony, MN
• Population (ZIP): 5,227

Population outlook (Stearns County) Hauer SSP2

• Today (2025): 162,629 people
• By 2030: 166,495 · +2.4%
• By 2040: 172,661 · +6.2%
• By 2050: 177,480 · +9.1%
• By 2075: 192,907 · +18.6%
• By 2100: 206,274 · +26.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Portuguese 8% Romanian 7% Iranian 3%
• Foreign-born: 2% · Canada, South Korea
• Languages at home: 96% English-only · Spanish 1% Korean 1% German/W. Germanic 1%

Political lean MEDSL · Stearns

• 2024 margin: Strong R (+26.8) · D 35.7% · R 62.5% · Other 1.9%
• 2008→2024 swing: -19.8pp toward R · 2008: -7.0pp · 2024: -26.8pp
• All cycles: 2024: R+26.8 2020: R+22.5 2016: R+27.9 2012: R+12.1 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -32.29%
• Current HPI: 400.87
• Rent YoY: —
• Metro: —
• 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

+537.9% since first listed

28 events — show timeline

• 2026-05-06 Price Changed $149,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-05 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-05 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
• 2026-04-06 Price Changed $165,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-03 Price Changed $185,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-11 Listed $195,000 NORTHSTARMLS as Distributed by MLS Grid
• 2023-01-26 Sold (Public Records) $156,000 Public Records
• 2023-01-24 Sold (MLS) $156,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-12-24 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-12-18 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2022-12-12 Price Changed $149,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-11-28 Price Changed $153,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-11-03 Price Changed $154,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-10-19 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2022-09-24 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-09-16 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-22 Listed $159,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-08-19 Coming Soon $159,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-05-28 Sold (Public Records) $100,000 Public Records
• 2009-06-16 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2008-07-14 Listed $99,900 NORTHSTARMLS as Distributed by MLS Grid
• 2002-07-26 Sold (Public Records) $42,000 Public Records
• 2002-07-26 Sold (MLS) $42,000 NORTHSTARMLS as Distributed by MLS Grid
• 2002-04-25 Listed $44,900 NORTHSTARMLS as Distributed by MLS Grid
• 1999-06-03 Sold (Public Records) $53,000 Public Records
• 1992-11-04 Sold (Public Records) $23,500 Public Records

Property tax history

-2.5%/yr

Latest (2025): $1,222 · +57.9% YoY. Source: county tax records.