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2511 Countryside Ct
Stillwater, MN

2511 Countryside Ct

$389,900
4 bd • 2 ba • 2,200 sf

This analysis was generated by artificial intelligence 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

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Risk Assessment

Climate Risks

airMODERATE

2 bad air quality days per year

heatMINOR

7 extreme heat days per year

98th percentile: 100°F

windMINOR

Insurance: Recommended

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

fireMINIMAL

Insurance: Optional

Risk Analysis

Future maintenance costs could be significant, with major systems like HVAC approaching replacement age. The property's appreciation rate may slow, especially if interest rates remain high or increase further. While flood risk is minimal, the moderate air quality risk (3/10) could worsen over time, potentially impacting future value and livability. The lack of an HOA could lead to inconsistent neighborhood upkeep, potentially affecting property values. The home's age (built in 1973) may present unforeseen issues with plumbing, electrical, or structural elements not evident in recent updates. Market analysis suggests a potential slowdown in Stillwater's housing market, which could impact future appreciation and liquidity.
Insurance
Annual Cost

$1,404

$117 per month

Financials

Monthly Costs

Price History

Property Taxes

$3,992
2023 Tax Assessment
6.6%from previous year
Assessed Value$361,500
Tax Rate1.10%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$411,333

5.5% above list price

Median Price

$405,000

Based on 6 recent sales

Price per Sq.Ft

$215

Comparable Properties

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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