10680 Wiles Way · Woodbury, MN 55129

$359,900

3 bd · 3.0 ba · 1,796 sqft · Townhouse public records · 27 Days on market

Built 2023 $200/sqft · 13% below area Est $396k · 9% under $285/mo HOA · 10% of rent ↓ 2% 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 +11.6/15.0
• Cash flow +7.1/30.0
• Schools +5.2/10.0
• Livability +4.5/5.0
• Rent growth +3.2/5.0
• 1% rule +2.6/10.0
• Condition / age +2.5/5.0
• DSCR +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to this beautifully designed end-unit townhome in the heart of Woodbury! Built in 2023 by Lennar, this three-bedroom, three-bathroom home offers the perfect blend of modern style, comfort, and convenience. Step inside to an open-concept main level filled with natural light, thanks to the desirable end-unit location. The spacious kitchen features contemporary finishes, sleek cabinetry, and a large center island-perfect for entertaining or everyday living. The adjoining living and dining areas create a seamless flow, ideal for gatherings or relaxing at home. Upstairs, you'll find three generously sized bedrooms, including a private primary suite complete with a walk-in closet and a be

Key facts

• $285 HOA
• 2 garage spots
• Built 2023

Property features AI

Finance

• Other: Main level finished area and above-grade living area reported
• Financial info: Conventional mortgage possible
• HOA & community: HOA managed by Associa Minnesota; Monthly association fee of $285 covering lawn care, grounds maintenance, professional management, and snow removal

Exterior

• Parking: Attached garage (2 spaces); Asphalt driveway
• Utilities: City water (connected); City sewer (in street); Electric with circuit breakers; Natural gas
• Home design: Residential attached property; Two levels; Entry/main level living area present; Above-grade finished living area
• Construction: Concrete perimeter foundation
• Exterior features: Vinyl exterior; In-ground sprinkler system

Interior

• Kitchen: Cooktop; Range; Microwave; Dishwasher; Disposal; Refrigerator
• Bedrooms: 3 bedrooms (one primary on upper level; other bedrooms on upper level)
• Bathrooms: Primary 3/4 bath; Upper-level full bath; Main-floor half bath
• Heating & cooling: Forced air heating; Central air conditioning
• Interior features: Fireplace (1); Indoor sprinklers; Primary bedroom walk-in closet; Kitchen center island; Washer/dryer hookup
• Laundry & utility: Laundry room on upper level; Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath townhouse listed at $360k.

Deal economics

• At list price, monthly cash flow is $-515 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $269k (25.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $274k (24.0% below list).
• Recommended offer: $269k (25.3% below list) — sets the bar for cash-flow.
• Cap rate 4.6% vs local median 3.2% in Woodbury — 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 89/100 on livability (#6 in MN, #153 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, commute A+; Watch: cost of living F.
• South Washington County School District (suburban): math 52% / reading 61% proficiency, ranked #40 of 301 in MN (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+2.9%/yr); 357 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 60% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,405 units permitted in Washington County in 2024 (121 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 $11k of value loss. Plan a longer hold.
• Washington County population projected at +16% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($355k) is reasonable based on typical stale-listing flexibility.

Recommended offer $268,847 (25.3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.76% ✗
• Cap rate: 4.57%
• Cash-on-cash: -6.14%
• DSCR: 0.73
• GRM: 11.0

CMA / ARV

• ARV (median comp): $396,220
• List price: $359,900
• Delta: -9.17%
• Verdict: FAIR
• Comps: 5 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.91% rent growth · sell at horizon

5-year hold

• IRR: -26.9%
• Equity multiple: 0.09×
• Total profit: $-91,237
• Equity at exit: $53,662

10-year hold

• IRR: -24.6%
• Equity multiple: -0.21×
• Total profit: $-122,091
• Equity at exit: $31,118

Cash invested: $100,772 (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 55129

• Home prices YoY: -24.4%
• Rents YoY: 2.9%
• Active inventory: 357
• Price-to-rent: 11.0×

Monthly cashflow live

• Estimated rent: $2,736 high
• Mortgage (P&I): −$1,887
• Tax from tax record: −$355 /mo · $4,256/yr
• Insurance: −$150
• HOA: −$285
• Vacancy / Maint / Mgmt: −$575
• Net cashflow: $-515

Break-even live

Break-even rent $3,389

Max offer price $268,847

Occupancy floor —

Sensitivity live

Price	-10% $-312	-5% $-414	+0% $-515	+5% $-617	+10% $-719
Rent	-10% $-732	-5% $-624	+0% $-515	+5% $-407	+10% $-299
Rate	-1.0pp $-334	-0.5pp $-424	base $-515	+0.5pp $-609	+1.0pp $-704

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: $89,975
• Closing costs: $10,797
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10692 Wiles Way Saint Paul, MN	3.0	3.0	1777	$2,600	$1.46	44d	1	0.03mi
10108 Sunbird Cir Saint Paul, MN	2.0–4.0	2.0–3.0	1815	$3,298	$1.82	0d	7	0.70mi
11007 Oakgrove Cir Woodbury, MN	3.0	2.5	1826	$2,400	$1.31	44d	1	1.09mi
3790 Hazel Trl Unit B Saint Paul, MN	3.0	3.0	1560	$2,395	$1.54	44d	1	1.25mi
3775 Hazel Trl Unit H Saint Paul, MN	2.0	1.5	1570	$2,125	$1.35	18d	1	1.27mi

HOA detail

• Monthly dues: $285 · $3,420/yr

Listing history 11 events

1. 2026-06-13
   statusdays on market $359,900 Pending 27 DOM
2. 2026-06-09
   days on market $359,900 Contingent - Subject to Statutory Rescission 25 DOM
3. 2026-06-08
   days on market $359,900 Contingent - Subject to Statutory Rescission 24 DOM
4. 2026-06-07
   days on market $359,900 Contingent - Subject to Statutory Rescission 23 DOM
5. 2026-06-04
   days on market $359,900 Contingent - Subject to Statutory Rescission 20 DOM
6. 2026-06-03
   days on market $359,900 Contingent - Subject to Statutory Rescission 19 DOM
7. 2026-06-02
   days on market $359,900 Contingent - Subject to Statutory Rescission 18 DOM
8. 2026-06-01
   days on market $359,900 Contingent - Subject to Statutory Rescission 17 DOM
9. 2026-05-31
   statusdays on market $359,900 Contingent - Subject to Statutory Rescission 16 DOM
10. 2026-05-15
    listed $359,900 Active 1131-char remark
11. 2026-05-08
    historical $359,900 1131-char remark

ⓘ 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: $4,256 · $355/mo
• Projected year-2 tax: $4,256 · $355/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $32,834
• − Mortgage interest: −$20,160
• − Property taxes: −$4,256
• − Insurance: −$1,800
• − Repairs & maintenance: −$2,627
• − Management: −$2,627
• − HOA: −$3,420
• − Depreciation: −$10,470
• Taxable loss: −$12,525
• Est. tax savings @ 24.0%: +$3,006
• After-tax cash flow: $-3,179/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: South Washington County School District
• NCES district ID: 2733810
• Math proficiency: 52% ▼ -13.00%
• Reading proficiency: 61% ▼ -7.00%
• Median HH income: $88,285
• Composite: 51.8/100
• National rank: #1670
• State rank: #40 of 301 in MN

Livability — Woodbury

• Score: 89/100
• State rank: #6
• US rank: #153

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Woodbury, MN
• County: Washington County · 235,613 people
• City population: 78,305
• Metro: Minneapolis-St. Paul-Bloomington, MN-WI
• Population (ZIP): 34,120
• Household income: $143,795
• Rent vs Own: 22.3% rent · 77.7% own
• Severe rent burden: 639.0

Population outlook (Washington County) Hauer SSP2

• Today (2025): 278,554 people
• By 2030: 290,465 · +4.3%
• By 2040: 310,014 · +11.3%
• By 2050: 324,118 · +16.4%
• By 2075: 362,697 · +30.2%
• By 2100: 381,491 · +37.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (66%)
• Race & ethnicity: White 66% Asian 17% Black 8% Two or more races 5% Hispanic / Latino 3%
• Common ancestry: Portuguese 8% Romanian 5% Lithuanian 2%
• Foreign-born: 16% · Canada, China, Vietnam
• Languages at home: 77% English-only · Other Indo-European 5% Other Asian/Pacific 5% Spanish 3%

Political lean MEDSL · Washington

• 2024 margin: Lean D (+8.9) · D 53.5% · R 44.6% · Other 1.9%
• 2008→2024 swing: +4.6pp toward D · 2008: 4.3pp · 2024: 8.9pp
• All cycles: 2024: D+8.9 2020: D+9.2 2016: D+1.9 2012: D+0.8 2008: D+4.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -69.89%
• Current HPI: 216.0248
• Rent YoY: ▲ 2.91%
• 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

-2.1% since first listed

5 events — show timeline

• 2026-06-12 Sold (MLS) $352,500 NORTHSTARMLS as Distributed by MLS Grid
• 2026-06-11 Pending — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-29 Contingent — NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-15 Listed $359,900 NORTHSTARMLS as Distributed by MLS Grid
• 2026-05-08 Coming Soon $359,900 NORTHSTARMLS as Distributed by MLS Grid

Property tax history

+173.9%/yr

Latest (2025): $4,256 · +173.9% YoY. Source: county tax records.