14649 Peridot Ter NW · Ramsey, MN 55303

$249,900

2 bd · 2.0 ba · 1,693 sqft · Condo public records · 11 Days on market

Built 2005 $372/mo HOA · 19% of rent

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Why this score? — see what drove the F 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 +7.5/15.0
• Cash flow +6.3/30.0
• Schools +4.7/10.0
• Rent growth +3.6/5.0
• Livability +3.5/5.0
• 1% rule +2.9/10.0
• Condition / age +2.5/5.0
• DSCR +0.6/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 14649 Peridot Terrace in the highly desirable Symphony at Town Center community in Ramsey. This clean, move-in ready 2-bedroom, 2-bathroom home offers low-maintenance living in one of Ramsey’s most convenient and walkable locations. Situated less than a mile from the Northstar Commuter Rail station, this home is ideal for commuters while still offering a neighborhood feel. Enjoy being just steps from The Draw Park, scenic walking trails, the amphitheater, and Ramsey City Hall. Inside, you’ll find a well-kept layout with two spacious bedrooms, two bathrooms, and abundant storage, rare at this price point. The pet-friendly association adds flexibility for homeowners. Pe

Key facts

• Walkable locations
• $372 HOA
• 2 garage spots

Tags

• LOW MAINTENANCE LIVING
• WALKABLE LOCATIONS
• STEPS FROM THE DRAW PARK
• SCENIC WALKING TRAILS
• PET FRIENDLY ASSOCIATION
• CONVENIENT ACCESS TO SHOPPING

Property features AI

Finance

• HOA & community: Symphony at Town Center Condominium Association; Monthly HOA fee of $372 (includes hazard insurance, lawn care, grounds maintenance, sewer, snow removal, water)

Exterior

• Parking: Attached 2-car garage (20x18)
• Utilities: City water; City sewer; Natural gas; 100 amp electric service with circuit breakers
• Home design: Residential attached property; Two levels; Entry level: Main; Above-grade finished area 1,560 square feet
• Construction: Slab foundation; Asphalt roof (age 8 years or less)
• Exterior features: Patio; Stone and vinyl exterior; Light tree coverage

Interior

• Kitchen: Range; Dishwasher; Refrigerator
• Bedrooms: 2 bedrooms (primary upstairs)
• Bathrooms: 1 full bath (upper level); 1 half bath (main floor)
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Ceiling fan(s); Vaulted ceiling(s); Sun room; Walk-in closet(s)
• Laundry & utility: Washer and dryer included; Laundry sink; Second-floor laundry; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $250k.

Deal economics

• At list price, monthly cash flow is $-441 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (31.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (20.8% below list).
• Recommended offer: $172k (31.2% below list) — sets the bar for cash-flow.
• Cap rate 4.2% vs local median 3.3% in Ramsey — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 69/100 on livability (#354 in MN) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: cost of living C-, amenities F, commute F.
• Anoka-Hennepin Public School District (suburban): math 49% / reading 55% proficiency, ranked #71 of 301 in MN (top 24%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+4.3%/yr); 341 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 2d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 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 $7k 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

• Only 11 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 7y ago; this cycle's ask is 10100% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $171,944 (31.2% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.79% ✗
• Cap rate: 4.17%
• Cash-on-cash: -7.57%
• DSCR: 0.66
• GRM: 10.5

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 4.31% rent growth · sell at horizon

5-year hold

• IRR: -27.7%
• Equity multiple: 0.06×
• Total profit: $-65,757
• Equity at exit: $37,261

10-year hold

• IRR: -20.9%
• Equity multiple: -0.16×
• Total profit: $-81,498
• Equity at exit: $21,607

Cash invested: $69,972 (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 55303

• Rents YoY: 4.3%
• Active inventory: 341
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $1,979 high
• Mortgage (P&I): −$1,311
• Tax from tax record: −$218 /mo · $2,620/yr
• Insurance: −$104
• HOA: −$372
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $-441

Break-even live

Break-even rent $2,538

Max offer price $171,944

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
14649 Peridot Ter NW Anoka, MN	2.0	2.0	1560	$2,250	$1.44	5d	1	0.03mi
7279 147 Ln NW Unit 1 Ramsey, MN	3.0	1.5	1460	$2,150	$1.47	22d	1	0.16mi
14450 Rhinestone St NW Anoka, MN	1.0–3.0	1.0–2.0	1064	$1,952	$1.83	2d	7	0.29mi
7555 145th Ave NW Anoka, MN	1.0–3.0	1.0–2.0	1096	$1,904	$1.74	2d	5	0.33mi
7700 Sunwood Dr NW Anoka, MN	2.0	1.0–2.0	857	$1,975	$2.30	2d	15	0.53mi

HOA detail condo

• Monthly dues: $372 · $4,464/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-05-08
   historical
2. 2026-05-08
   listed $249,900 Active 923-char remark
3. 2026-04-17
   price $250,000
4. 2026-03-24
   price $255,000
5. 2026-03-17
   listed $260,000 Active
6. 2026-03-17
   historical
7. 2026-02-25
   price $260,000
8. 2026-02-12
   listed $265,000 Active
9. 2026-02-10
   historical
10. 2019-11-14
    soldstatus $185,000
11. 2019-11-08
    soldstatus $185,000 Sold
12. 2019-10-02
    historical
13. 2019-09-26
    price $179,900
14. 2019-08-29
    price $187,000
15. 2019-08-01
    listed $199,900 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: $2,620 · $218/mo
• Projected year-2 tax: $2,709 · $226/mo
• Expected delta: +$89/yr (+$7/mo · 3.4%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,752
• − Mortgage interest: −$13,998
• − Property taxes: −$2,620
• − Insurance: −$1,250
• − Repairs & maintenance: −$1,900
• − Management: −$1,900
• − HOA: −$4,464
• − Depreciation: −$7,270
• Taxable loss: −$9,650
• Est. tax savings @ 24.0%: +$2,316
• After-tax cash flow: $-2,980/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: Anoka-Hennepin Public School District
• NCES district ID: 2703180
• Math proficiency: 49% ▼ -14.00%
• Reading proficiency: 55% ▼ -10.00%
• Median HH income: $73,837
• Composite: 46.7/100
• National rank: #2400
• State rank: #71 of 301 in MN

Livability — Ramsey

• Score: 69/100
• State rank: #354
• US rank: #8271

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ramsey, MN
• County: Anoka County · 277,116 people
• City population: 52,614
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 52,614
• Household income: $102,986
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 1060.0

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 (82%)
• Race & ethnicity: White 82% Black 7% Two or more races 6% Hispanic / Latino 4% Asian 3%
• Common ancestry: Portuguese 12% Romanian 5% Lithuanian 4%
• Foreign-born: 7% · Canada, South Korea, Vietnam
• Languages at home: 92% English-only · Other Asian/Pacific 2% Spanish 2% French/Haitian/Cajun 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: ▼ -273.26%
• Current HPI: 251.4034
• Rent YoY: ▲ 4.31%
• 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

-98.9% since first listed

20 events — show timeline

• 2026-06-09 Price Changed $2,250 APPFOLIO
• 2026-06-08 Sold (MLS) $239,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-06-05 Price Changed $2,395 APPFOLIO
• 2026-05-29 Listed for Rent $2,450 APPFOLIO
• 2026-05-19 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Listed $249,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-04-17 Price Changed $250,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-24 Price Changed $255,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-17 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2026-03-17 Listed $260,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-25 Price Changed $260,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-12 Listed $265,000 NORTHSTARMLS as Distributed by MLS Grid
• 2026-02-10 Coming Soon — NORTHSTARMLS as Distributed by MLS Grid
• 2019-11-14 Sold (Public Records) $185,000 Public Records
• 2019-11-08 Sold (MLS) $185,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-10-02 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2019-09-26 Price Changed $179,900 NORTHSTARMLS as Distributed by MLS Grid
• 2019-08-29 Price Changed $187,000 NORTHSTARMLS as Distributed by MLS Grid
• 2019-08-01 Listed $199,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+5.8%/yr

Latest (2026): $2,620 · +1.7% YoY. Source: county tax records.