10914 Johnson St NE #7 · Blaine, MN 55434

$259,900

2 bd · 2.0 ba · 1,543 sqft · Condo public records · 59 Days on market

Built 1995 $168/sqft · 28% below area Est $307k · 15% under $426/mo HOA · 19% 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).

• ARV discount +14.4/15.0
• Cash flow +7.6/30.0
• Schools +4.7/10.0
• 1% rule +3.8/10.0
• Rent growth +3.7/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• DSCR +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

# Welcome Home to 7-10914 Johnson St NE, Blaine, MN Discover the perfect blend of comfort and convenience in this beautifully maintained 2-bedroom, 3-bathroom townhouse nestled in one of Blaine's most desirable neighborhoods. With 1,308 square feet of thoughtfully designed living space, this home offers an inviting atmosphere that's ready for you to make your own. Step inside and enjoy a well-appointed layout that maximizes every inch. Three full bathrooms provide exceptional flexibility, whether you're hosting guests or simply enjoying the luxury of extra space. The functional floor plan creates a seamless flow between living areas, making everyday life effortless and entertaining a breeze. This community has invested in stunning upgrades, including brand-new siding, gutters, driveways, decks, and landscaping — giving the exterior a fresh, polished look that enhances curb appeal and long-term value. These improvements mean you can move in with confidence, knowing major exterior elements have been recently refreshed. Location is everything, and this townhouse delivers. ALDI and Target are just minutes away for everyday shopping needs. Nature lovers will appreciate nearby Tree's Edge Park, while sports enthusiasts will love the proximity to the renowned National Sports Center. Golf fans can tee off at Majestic Oaks Golf Club, and families will find quality education at nearby schools. Whether you're a first-time buyer, downsizing, or seeking a low-maintenance lifestyle without sacrificing space, this Blaine townhouse checks every box.

Key facts

• New landscaping
• New gutters
• New decks

Tags

• BRAND-NEW SIDING
• NEW GUTTERS
• NEW DRIVEWAYS
• NEW DECKS
• NEW LANDSCAPING

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $260k.

Deal economics

• At list price, monthly cash flow is $-312 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $205k (21.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $229k (12.1% below list).
• Recommended offer: $205k (21.2% below list) — sets the bar for cash-flow.
• Cap rate 4.9% vs local median 3.9% in Blaine — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 71/100 on livability (#315 in MN) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, crime A; Watch: 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 (+4.8%/yr); 109 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d 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).
• This rent runs 30% of the median local income ($90k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k 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 59 days — a 3% lower offer ($252k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 24y 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 $204,778 (21.2% 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. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 21% 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. 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?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
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 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: 0.88% ✗
• Cap rate: 4.85%
• Cash-on-cash: -5.15%
• DSCR: 0.77
• GRM: 9.5

CMA / ARV

• ARV (median comp): $306,601
• List price: $259,900
• Delta: -15.23%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.79% rent growth · sell at horizon

5-year hold

• IRR: -22.6%
• Equity multiple: 0.21×
• Total profit: $-57,568
• Equity at exit: $38,752

10-year hold

• IRR: -12.0%
• Equity multiple: 0.22×
• Total profit: $-56,948
• Equity at exit: $22,471

Cash invested: $72,772 (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 55434

• Rents YoY: 4.8%
• Active inventory: 109
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,285 medium
• Mortgage (P&I): −$1,363
• Tax from tax record: −$220 /mo · $2,641/yr
• Insurance: −$108
• HOA: −$426
• Vacancy / Maint / Mgmt: −$480
• Net cashflow: $-312

Break-even live

Break-even rent $2,680

Max offer price $204,778

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1509 111th Dr NE Unit D Minneapolis, MN	3.0	3.0	1792	$2,500	$1.40	2d	1	0.33mi
1509 111th Dr NE Unit D Minneapolis, MN	3.0	3.0	1800	$2,500	$1.39	12d	1	0.33mi
1145 116th Ave NE Minneapolis, MN	2.0	1.0–2.0	853	$2,070	$2.43	2d	7	0.92mi

HOA detail condo

• Monthly dues: $426 · $5,112/yr
• Likely covers: landscaping
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-06-18
   days on market $259,900 Active 59 DOM
2. 2026-06-17
   days on market $259,900 Active 58 DOM
3. 2026-06-16
   days on market $259,900 Active 57 DOM
4. 2026-06-15
   days on market $259,900 Active 56 DOM
5. 2026-06-13
   days on market $259,900 Active 54 DOM
6. 2026-06-13
   days on market $259,900 Active 53 DOM
7. 2026-06-09
   days on market $259,900 Active 50 DOM
8. 2026-06-08
   days on market $259,900 Active 49 DOM
9. 2026-06-07
   days on market $259,900 Active 48 DOM
10. 2026-06-04
    days on market $259,900 Active 45 DOM
11. 2026-06-03
    days on market $259,900 Active 44 DOM
12. 2026-06-02
    days on market $259,900 Active 43 DOM
13. 2026-06-01
    days on market $259,900 Active 42 DOM
14. 2026-05-31
    days on market $259,900 Active 41 DOM
15. 2026-04-20
    listed $259,900 Active 1570-char remark

    Show marketing remark (1570 chars)

    # Welcome Home to 7-10914 Johnson St NE, Blaine, MN Discover the perfect blend of comfort and convenience in this beautifully maintained 2-bedroom, 3-bathroom townhouse nestled in one of Blaine's most desirable neighborhoods. With 1,308 square feet of thoughtfully designed living space, this home offers an inviting atmosphere that's ready for you to make your own. Step inside and enjoy a well-appointed layout that maximizes every inch. Three full bathrooms provide exceptional flexibility, whether you're hosting guests or simply enjoying the luxury of extra space. The functional floor plan creates a seamless flow between living areas, making everyday life effortless and entertaining a breeze. This community has invested in stunning upgrades, including brand-new siding, gutters, driveways, decks, and landscaping — giving the exterior a fresh, polished look that enhances curb appeal and long-term value. These improvements mean you can move in with confidence, knowing major exterior elements have been recently refreshed. Location is everything, and this townhouse delivers. ALDI and Target are just minutes away for everyday shopping needs. Nature lovers will appreciate nearby Tree's Edge Park, while sports enthusiasts will love the proximity to the renowned National Sports Center. Golf fans can tee off at Majestic Oaks Golf Club, and families will find quality education at nearby schools. Whether you're a first-time buyer, downsizing, or seeking a low-maintenance lifestyle without sacrificing space, this Blaine townhouse checks every box.

16. 2022-04-28
    soldstatus $236,000
17. 2022-04-22
    soldstatus $236,000 Sold 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

18. 2022-03-07
    status Pending 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

19. 2022-02-19
    status Active 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

20. 2022-02-08
    status Active 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

21. 2022-02-08
    price $230,000 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

22. 2022-01-18
    price $225,000 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

23. 2022-01-16
    price $230,000 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

24. 2022-01-09
    price $238,000 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

25. 2022-01-05
    listed $243,900 Active 395-char remark

    Show marketing remark (395 chars)

    Location, Location, Location! Walk to the grocery store across the street, coffee shops, many stores and restaurants. You will love grabbing a cup of coffee or tea and get cozy in front of the fireplace! huge aster with enormous walk in closet! Lots of storage in the garage and extra storage under the stairs. You will appreciate a bath on every floor. Many updates! See supplement for list.

26. 2021-01-06
    soldstatus $206,000
27. 2003-03-11
    soldstatus $148,900
28. 2002-12-16
    historical
29. 2002-12-06
    listed $148,900
30. 2000-12-21
    soldstatus $121,500

ⓘ 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: $2,641 · $220/mo
• Projected year-2 tax: $2,776 · $231/mo
• Expected delta: +$135/yr (+$11/mo · 5.1%)

ⓘ 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 ≥100°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: $27,422
• − Mortgage interest: −$14,558
• − Property taxes: −$2,641
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,194
• − Management: −$2,194
• − HOA: −$5,112
• − Depreciation: −$7,561
• Taxable loss: −$8,137
• Est. tax savings @ 24.0%: +$1,953
• After-tax cash flow: $-1,791/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 — Blaine

• Score: 71/100
• State rank: #315
• US rank: #7073

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Blaine, MN
• County: Anoka County · 277,116 people
• City population: 67,472
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 33,029
• Household income: $90,336
• Rent vs Own: 17.8% rent · 82.2% own
• Severe rent burden: 526.0

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 (69%)
• Race & ethnicity: White 69% Asian 10% Black 9% Two or more races 8% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Portuguese 10% Romanian 5% Italian 2%
• Foreign-born: 15% · Canada, Vietnam, China
• Languages at home: 79% English-only · Spanish 5% Other Asian/Pacific 2% Vietnamese 2%

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: ▼ -230.62%
• Current HPI: 254.0422
• Rent YoY: ▲ 4.79%
• 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

+113.9% since first listed

16 events — show timeline

• 2026-04-20 Listed $259,900 NORTHSTARMLS as Distributed by MLS Grid
• 2022-04-28 Sold (Public Records) $236,000 Public Records
• 2022-04-22 Sold (MLS) $236,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-03-07 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-19 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-08 Relisted — NORTHSTARMLS as Distributed by MLS Grid
• 2022-02-08 Price Changed $230,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-01-18 Price Changed $225,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-01-16 Price Changed $230,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-01-09 Price Changed $238,000 NORTHSTARMLS as Distributed by MLS Grid
• 2022-01-05 Listed $243,900 NORTHSTARMLS as Distributed by MLS Grid
• 2021-01-06 Sold (Public Records) $206,000 Public Records
• 2003-03-11 Sold (Public Records) $148,900 Public Records
• 2002-12-16 Listing Removed — NORTHSTARMLS as Distributed by MLS Grid
• 2002-12-06 Listed $148,900 NORTHSTARMLS as Distributed by MLS Grid
• 2000-12-21 Sold (Public Records) $121,500 Public Records

Property tax history

+7.3%/yr

Latest (2026): $2,641 · +12.0% YoY. Source: county tax records.