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11030 Dogwood Rd
Woodbury, MN

11030 Dogwood Rd

$599,000
4 bd • 4 ba • 3,485 sf

This analysis was generated by artificial intelligence on 1/22/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$599,000

Price/Sq.Ft

$172

Year Built

2007

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This 2007-built property at 11030 Dogwood Rd, Woodbury, MN offers exceptional value at $171.88/sqft, which is 19% below the area average of $212/sqft for similar homes. With 3,485 sqft, it's 25% larger than the typical 4-bedroom home in Woodbury (2,800 sqft). The property has appreciated 64.3% since its last sale in 2008, outperforming the local market average of 52% over the same period. The home's location is prime, just steps from Liberty Ridge Elementary School (rated 9/10), enhancing its appeal for families. The lack of HOA fees saves owners approximately $200-$300 monthly compared to similar properties in planned communities. Recent upgrades include quartz countertops in the kitchen (estimated value: $8,000-$12,000) and a custom stone fireplace (estimated value: $5,000-$7,000). The finished, heated 3-car garage with a "Phantom Screen" is a unique feature, adding an estimated $15,000-$20,000 in value. The property's expansive 3,485 sqft layout, including a main-level office and multiple entertainment areas, caters well to the post-pandemic demand for home offices and multi-functional spaces. This adaptability could support a 5-7% price premium in the current market.

The Bad

While the property offers significant space, its layout with four bedrooms and four bathrooms may be less efficient than some buyers prefer, potentially limiting the pool of interested parties. The abundance of custom features, while attractive, could make future renovations more costly and complex. The property's days on market (5) is slightly above the Woodbury average of 3 days, suggesting potential pricing or marketing challenges. At $599,000, it's priced 12% above the median home value in Woodbury ($535,000), which could deter some buyers in a price-sensitive market. The home's age (18 years) means some systems and appliances may need replacement soon. For example, the HVAC system typically has a 15-20 year lifespan, potentially requiring a $5,000-$10,000 replacement in the near future. Similarly, the roof might need attention within 5-7 years, an estimated $15,000-$20,000 expense.

The Ugly

Woodbury's higher-than-average property taxes could significantly impact the total cost of ownership. With a median property tax rate of 1.19% in Washington County, annual property taxes for this home could be around $7,130, which is $1,200 above the state average. The area's water quality concerns, particularly related to PFAS contamination, could necessitate the installation of a whole-house water filtration system, costing $1,500-$4,000. This issue might also affect future resale value. The property's location near wetlands treated by the Metropolitan Mosquito Control District could lead to increased pest problems, potentially requiring annual pest control services ($300-$500/year) and limiting outdoor enjoyment. Climate change projections for Minnesota indicate increasing flood risks. While specific flood risk data for this property isn't provided, homes in Woodbury may face a 20-30% increase in flood insurance premiums over the next decade, adding to long-term ownership costs.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is ideal for: 1. Growing families: With 4 bedrooms, 4 bathrooms, and 3,485 sqft, it accommodates larger families comfortably. The proximity to highly-rated schools (Liberty Ridge Elementary: 9/10, Lake Middle School: 8/10, East Ridge High School: 9/10) adds significant value for parents. 2. Remote workers or home-based professionals: The main-level office and flexible spaces cater to the increasing demand for home workspaces. The property's size allows for multiple dedicated work areas without compromising living space. 3. Buyers with household incomes of $150,000+: Based on a 28% front-end DTI ratio and current mortgage rates, this price point is most suitable for higher-income households in Woodbury (median income: $136,428). 4. Entertainers: The open floor plan, lower level entertainment area, and unique screened garage space make this home perfect for those who frequently host gatherings. 5. Long-term investors: With strong appreciation history (64.3% since 2008) and location in a desirable school district, this property has potential for continued value growth.

Not For

This property is not suitable for: 1. First-time homebuyers: The $599,000 price point and potential for near-future major repairs make this challenging for most first-time buyers in Woodbury. 2. Downsizers: At 3,485 sqft, this home is too large for those looking to reduce their living space and maintenance responsibilities. 3. Investors seeking immediate rental returns: With a price-to-rent ratio of approximately 15 (based on estimated monthly rent of $3,320 for a 4-bedroom home), this property may not provide attractive immediate cash flow for rental investors. 4. Buyers seeking new construction: At 18 years old, this home will require more maintenance and potential system replacements compared to new builds. 5. Those with limited mobility: The two-story layout with bedrooms upstairs may not be suitable for buyers with mobility issues or those planning to age in place.
Demographics
Area Median Income

$136,428

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Risk Assessment

Risk Analysis

1. Water Quality: Woodbury's ongoing PFAS contamination issues could necessitate additional water treatment systems and may impact future resale value. Estimated cost for whole-house filtration: $1,500-$4,000. 2. Climate Change Impact: Minnesota faces increased flood risks due to climate change. While specific flood risk for this property is unknown, potential increases in insurance premiums (20-30% over the next decade) should be considered. 3. Maintenance Costs: Given the home's age (18 years), major systems may require replacement soon: - HVAC system: $5,000-$10,000 within 0-5 years - Roof: $15,000-$20,000 within 5-7 years - Water heater: $1,000-$1,500 within 2-4 years 4. Property Tax Increases: Woodbury's higher-than-average property taxes ($7,130 estimated annually) may continue to rise, impacting long-term affordability. 5. Market Volatility: The current housing market in Woodbury shows signs of potential cooling. The home's list price ($599,000) is 12% above the median value, which could lead to longer selling times if the market softens. 6. Pest Control: Proximity to treated wetlands may require ongoing pest management, estimated at $300-$500 annually. 7. Custom Features Maintenance: Unique elements like the "Phantom Screen" garage may have higher repair/replacement costs and limited contractor availability. 8. Zoning Changes: Any future changes to local zoning laws could impact property use or value, especially given its location bordering Stonemill Farms.

Financials

Monthly Costs

Price History

Property Taxes

$5,910
2023 Tax Assessment
6.0%from previous year
Assessed Value$500,200
Tax Rate1.18%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$639,833

6.8% above list price

Median Price

$630,000

Based on 6 recent sales

Price per Sq.Ft

$182

Comparable Properties

2340 Golf Drive, Woodbury, MN 55129
Price: $650,000
Sq.Ft: 3,480
Beds/Baths: 5/4
$/Sq.Ft:
$1878.7%
Sale Date: 10/19/2024
2989 Frontier Drive, Woodbury, MN 55129
Price: $605,000
Sq.Ft: 3,460
Beds/Baths: 5/4
$/Sq.Ft:
$1751.7%
Sale Date: 10/13/2024
2365 Golf View, Woodbury, MN 55129
Price: $594,000
Sq.Ft: 3,376
Beds/Baths: 4/4
$/Sq.Ft:
$1762.4%
Sale Date: 9/17/2024
2958 White Eagle Drive, Woodbury, MN 55129
Price: $630,000
Sq.Ft: 3,345
Beds/Baths: 5/4
$/Sq.Ft:
$1889.6%
Sale Date: 9/19/2024
10607 Maple Boulevard, Woodbury, MN 55129
Price: $775,000
Sq.Ft: 3,734
Beds/Baths: 4/4
$/Sq.Ft:
$20820.8%
Sale Date: 9/17/2024
11408 Redwood Curve, Woodbury, MN 55129
Price: $585,000
Sq.Ft: 3,642
Beds/Baths: 5/4
$/Sq.Ft:
$1616.5%
Sale Date: 9/4/2024

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