Score
0Stillwater, MN
2511 Countryside Ct
390K
4 beds
2 baths
2,200 sqft
4 bd • 2 ba • 2,200 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$389,900
Price/Sq.Ft
$177
Year Built
1973
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This 2,200 sqft property in Stillwater, MN offers excellent value at $177.23/sqft, which is approximately 20% below the area's average of $221/sqft for similar homes. The 4-bedroom, 2-bathroom layout provides ample space, surpassing the local average of 3 bedrooms. Recent updates enhance its appeal: new shingles (2018), Pella windows and patio door, HVAC and water heater (2010), and deck improvements. The property's location in the Croixwood subdivision, combined with its proximity to highly-rated schools (Lily Lake Elementary 8/10, Stillwater Middle School 7/10, and Stillwater Area High School 8/10 all within 1.4 miles), adds significant value. Climate risk is exceptionally low, with minimal flood (1/10) and fire (1/10) risks, potentially leading to lower insurance costs. The property has shown strong appreciation, increasing from $205,000 in 2010 to the current $389,900, representing a 90% gain over 14 years or approximately 4.7% annually, outperforming many investments.
The Bad
The property has been on the market for 48 days, slightly above the area average of 30-40 days, suggesting potential pricing or condition issues. The recent price reduction of 2.5% indicates possible overpricing initially. At 52 years old, the home may require additional maintenance despite recent updates. The moderate air quality risk (3/10) could be a concern for sensitive individuals. The lack of an HOA, while reducing monthly costs, may lead to inconsistent neighborhood maintenance standards. The current list price of $389,900 is 56% higher than its 2010 sale price of $205,000, which could impact affordability for some buyers in an area with a median income of $105,207.
The Ugly
Long-term ownership costs could be substantial. While the HVAC and water heater were replaced in 2010, they are now 15 years old and approaching the end of their typical lifespan (15-20 years for HVAC, 8-12 years for water heaters). Replacement costs could range from $5,000-$10,000 for HVAC and $1,000-$1,500 for a water heater. Two windows that weren't replaced with the Pella upgrades may need attention, potentially costing $500-$1,000 each. The 2010 bathroom updates are now 15 years old and may require refreshing in the next 5-10 years, with potential costs of $10,000-$15,000 per bathroom. The property's appreciation rate may not be sustainable, and future gains could be more modest, especially if interest rates remain high, potentially impacting property values.
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 growing families or those needing extra space, with its 4 bedrooms and 2,200 sqft layout. It suits buyers with household incomes around $130,000-$150,000, based on a 28% front-end debt-to-income ratio for a 30-year mortgage at current rates. The home is perfect for those prioritizing good schools and a family-friendly neighborhood. It's also suitable for buyers who appreciate a move-in ready home but are prepared for some upcoming maintenance. Investors might find it attractive for long-term appreciation, with potential rental income of approximately $2,200/month for a 4-bedroom home in Stillwater, yielding a gross rental yield of about 6.8% annually.
Not For
This property is not suitable for first-time homebuyers or those with limited budgets, given its price point and potential maintenance needs. It's not ideal for buyers seeking new construction or those unwilling to handle upcoming system replacements. The property may not suit those with severe allergies or respiratory issues due to the moderate air quality risk. Investors looking for immediate high cash flow might find better opportunities elsewhere, as the potential rental yield, while decent, isn't exceptionally high for the area.
Demographics
Area Median Income
$105,207
Property History
Price History
Ownership Timeline
$0Cash Purchase
Nov 19, 2024Mary Jo StevensenStacy Ann Mestre, Kelci Palmer
Transfer On Death Deed
Non-Arm's Length Transactions
$0Cash Purchase
Dec 20, 2017Mary Jo StevensenStacy Ann Mestre, Jennifer Lynn Stevensen
Transfer On Death Deed
Non-Arm's Length Transactions
$0Cash Purchase
Nov 11, 2014Mary Jo StevensenStacy Ann Mestre, Jennifer Lynn Stevensen
Transfer On Death Deed
Non-Arm's Length Transactions
$205,000Cash Purchase
Aug 27, 2010Robert D Brasch, Jennifer O FletcherMary Jo Stevensen
Other
Standard Sale (Purchase/Resales)
$249,000Cash Purchase
Aug 25, 2005Not Provided, Pamela J HastingsRobert D Brasch
Warranty Deed
Standard Sale (Purchase/Resales)
$128,000Cash Purchase
Mar 19, 1998Kevin J Hubbard, Susan K DavisJames A Hastings, Pamela J Hastings
Warranty Deed
Standard Sale (Purchase/Resales)
$118,000Cash Purchase
Jan 1, 1970Valerie L OsbornKevin Hubbard
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$3,992
2023 Tax Assessment
6.6%from previous year
Assessed Value$361,500
Tax Rate1.10%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
8.0/10
ExcellentMiddle
7.0/10
GoodHigh
8.0/10
ExcellentFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,007
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$389,900
Price/sqft
$177
Layout
4 bd•2 ba
Days on market
49 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$411,333
5.2%
Your price is 5.2% below average
Median Price
$405,000
3.7%
Based on 6 recent sales
Price per Sq.Ft
$215
17.6%
Your price is 17.6% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 2621 Fairlawn Drive, Stillwater, MN 55082 | $399,700 | 2,058 | 4 | 2 | $1949.6% | 10/21/2024 |
| 2807 Woodridge Lane, Stillwater, MN 55082 | $448,400 | 2,100 | 3 | 2 | $21420.5% | 8/13/2024 |
| 2866 Wildcrest Lane, Stillwater, MN 55082 | $405,000 | 2,012 | 3 | 2 | $20113.6% | 8/14/2024 |
| 508 Edgewood Avenue, Stillwater, MN 55082 | $375,000 | 1,780 | 5 | 2 | $21118.9% | 9/13/2024 |
| 900 Knollwood Court, Stillwater, MN 55082 | $389,900 | 1,785 | 4 | 2 | $21823.2% | 9/3/2024 |
| 2853 Icerose Lane, Stillwater, MN 55082 | $450,000 | 1,792 | 4 | 2 | $25141.7% | 8/14/2024 |
2621 Fairlawn Drive, Stillwater, MN 55082
Price: $399,700
Sq.Ft: 2,058
Beds/Baths: 4/2
$/Sq.Ft:
$1949.6%
Sale Date: 10/21/2024
2807 Woodridge Lane, Stillwater, MN 55082
Price: $448,400
Sq.Ft: 2,100
Beds/Baths: 3/2
$/Sq.Ft:
$21420.5%
Sale Date: 8/13/2024
2866 Wildcrest Lane, Stillwater, MN 55082
Price: $405,000
Sq.Ft: 2,012
Beds/Baths: 3/2
$/Sq.Ft:
$20113.6%
Sale Date: 8/14/2024
508 Edgewood Avenue, Stillwater, MN 55082
Price: $375,000
Sq.Ft: 1,780
Beds/Baths: 5/2
$/Sq.Ft:
$21118.9%
Sale Date: 9/13/2024
900 Knollwood Court, Stillwater, MN 55082
Price: $389,900
Sq.Ft: 1,785
Beds/Baths: 4/2
$/Sq.Ft:
$21823.2%
Sale Date: 9/3/2024
2853 Icerose Lane, Stillwater, MN 55082
Price: $450,000
Sq.Ft: 1,792
Beds/Baths: 4/2
$/Sq.Ft:
$25141.7%
Sale Date: 8/14/2024
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