Is $395,000 a good price for a home in Alexandria?

According to BuyPulse, 721 Cedar Street rates Excellent Value — at $93/sqft it's priced 55% below the typical Alexandria single-family home of $208/sqft. Its negotiating-position score is 76/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Alexandria homes are closing versus list. Powered by the Realgorithm™.

Does 721 Cedar Street have a basement?

Yes, 721 Cedar Street has a basement with 1,380 sq ft of below-grade space.

What type of heating and cooling does 721 Cedar Street have?

721 Cedar Street has Boiler, Fireplace(s), Radiant heating and Ductless Mini-Split cooling.

Where is 721 Cedar Street located?

721 Cedar Street is in the Original Alexandria neighborhood of Alexandria, MN 56308, in Douglas County.

Is 721 Cedar Street still available?

Yes — 721 Cedar Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.

When was 721 Cedar Street built?

721 Cedar Street was built in 1915. It features an asphalt roof and a block foundation.

Does 721 Cedar Street have main-floor laundry?

No — the laundry at 721 Cedar Street is in the lower level.

How walkable is 721 Cedar Street?

721 Cedar Street has a Walk Score of 54/100 (Somewhat Walkable) and a Bike Score of 52/100 (Somewhat Bikeable).

How many homes like 721 Cedar Street are for sale in Alexandria?

25 similar homes (single-family homes between $296K and $494K in Alexandria) are for sale right now — you have options.

How fast do homes like 721 Cedar Street sell in Alexandria?

Homes like this one (single-family homes between $296K and $494K in Alexandria) went pending in a median 9 days over the last 90 days — 5 of the last 20 went under contract within 4 days.

Do homes in Alexandria sell for asking price?

51% of the last 43 comparable Alexandria sales closed at or over list price — about half hold full price. Based on real NorthstarMLS closings, not estimates.

What does "M Markdowns" mean?

M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.

What does "BuyPulse" mean?

BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.

What does "Realgorithm™" mean?

The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 1 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 2 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 3 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 4 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 5 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 6 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 7 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 8 of 55)

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1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 10 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 11 of 55)

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1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 25 of 55)

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1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 27 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 28 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 29 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 30 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 31 of 55)

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1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 41 of 55)

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1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 47 of 55)

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1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 49 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 50 of 55)

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1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 53 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 54 of 55)

1915 single family home for sale at 721 Cedar Street in Alexandria, MN — 3 bed, 3 bath (photo 55 of 55)

721 Cedar Street, Alexandria, MN 56308

3 Beds | 3 Baths | 4,240 Sq Ft | Single Family Home | MLS# 7088528

Price Drop on M Markdowns — was $400,000 (↓ $5,000)

$395,000

Is 721 Cedar Street a Good Deal?

BuyPulse Verdict

Excellent Value

At $93/sqft — This home is priced 55% below the typical Alexandria single-family home of $208/sqft.

Your Negotiating Position

76 — Strong buyer leverage

Day 124 — similar homes typically go under contract by day ~9. This one is past that window.

51% of recent sales closed at or over asking — about half hold full price.

25 similar homes for sale — alternatives if they won't move.

This seller already cut $5,000 — motivation showing.

$2,540/month Estimated

Principal & interest: $1,997
Property taxes: $313
Home insurance (est.): $230
HOA dues: None

20% down ($79,000) · 30-yr fixed, 6.5% · Can I afford this home?

Estimates only; confirm before you offer.

Alexandria, MN Active

Located in Original Alexandria, Alexandria, MN.

About This Home

Welcome home to the Historic West side of Alexandria. This Craftsman Bungalow style has a large screened in porch into the open living room and formal dining room. The kitchen has been recently updated with a walk out to the deck. This one and one-half story has a field stone or lake boulder porch base, porch columns, and exterior chimney; unique curved rafters that support the eaves; two gables and unique cement window sills. The home was built in 1915 and is listed in the historical registry. The private fenced in yard is ideal for a family with a dog. Other features include the open living spaces, gas fireplace, claw foot tub, beautiful woodwork, and wood floors. Main floor also has a bedroom, library/den and a 3/4 bath. Upstairs features a large owner's suite with built in wardrobe cabinets, shelves, fireplace, a secret storage room, a large bathroom, and another bedroom. Updates include a new bathroom remodel in the basement, new water softener in 2025, new water heater in 2024, and steel gutters. There is ample living space in the basement, An updated boiler, insulation, and steel siding make this home energy efficient. Set up your showing today.

BuyPulse™ — Live Market Read

Homes like this one — single-family homes between $296K and $494K in Alexandria:

The field: 25 similar Alexandria homes for sale — you have options.
Tempo: homes like this went pending in a median 9 days — 5 of the last 20 inside 4 days.
Negotiation: 51% of the last 43 sales here closed at or over list — about half hold full price.

Key Features

Built: 1915
Garage: 2-Car Detached
Style: Two
HOA: None
Annual Taxes: $3,756 (2026)

Property Details

Property Type: Single Family
Above Grade Sq Ft: 2,860
Below Grade Sq Ft: 1,380
Lot Size: 0.41 acres
Basement: Yes
Roof: Asphalt
County: Douglas
List Date: 2026-06-11
Days on Market: 124 days
Parcel ID: 630793000

Financial

Total Tax incl. Assessments: $3,756

Home Systems & Utilities

Heating: Boiler, Fireplace(s), Radiant
Cooling: Ductless Mini-Split
Water: City Water - In Street
Sewer: City Sewer/Connected
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Interior Features

Laundry: In Basement
Fireplace: 1 fireplace

Construction & Exterior

Construction & Structure

Foundation Type: Block
Foundation Area: 1,380 sqft
Total Building Area: 4,240 sqft

Exterior Features

Exterior Features: Stone, Steel Siding
Fenced Area: Yes
Accessibility Features: None

Parking & Garage

Parking Features: Detached Garage

Lot & Land

Lot Features: Corner Lot, Tree Coverage - Medium
Road Surface: City Street
Zoning Description: Residential-Single Family

Agent & Office

List Office: LPT Realty, LLC

Price History

Reduced $34,000 (7.9%)

Price reduced to $429,000 — Jul 1, 2026
Price reduced to $419,000 — Jul 11, 2026
Price reduced to $410,000 — Jul 27, 2026
Price reduced to $400,000 — Aug 15, 2026
Price reduced to $395,000 — Aug 20, 2026

721 Cedar Street is listed in Alexandria, MN, part of Douglas County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 721 Cedar Street

Shannon Barnum

Associate Broker · Modern Market REALTORS®

Your Alexandria real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.

See all Alexandria homes ›

Listed by LPT Realty, LLC · Shown by Modern Market REALTORS®

Schedule a Home Tour

First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.

View Full Listing & Photos

MLS# 7088528 · Data refreshed August 20, 2026

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Frequently Asked Questions About 721 Cedar Street

Is $395,000 a good price for a home in Alexandria?: According to BuyPulse, 721 Cedar Street rates Excellent Value — at $93/sqft it's priced 55% below the typical Alexandria single-family home of $208/sqft. Its negotiating-position score is 76/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Alexandria homes are closing versus list. Powered by the Realgorithm™. Browse Alexandria homes for sale to compare.
Does 721 Cedar Street have a basement?: Yes, 721 Cedar Street has a basement with 1,380 sq ft of below-grade space.
What type of heating and cooling does 721 Cedar Street have?: 721 Cedar Street has Boiler, Fireplace(s), Radiant heating and Ductless Mini-Split cooling.
Where is 721 Cedar Street located?: 721 Cedar Street is in the Original Alexandria neighborhood of Alexandria, MN 56308, in Douglas County.
Is 721 Cedar Street still available?: Yes — 721 Cedar Street is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
When was 721 Cedar Street built?: 721 Cedar Street was built in 1915. It features an asphalt roof and a block foundation.
Does 721 Cedar Street have main-floor laundry?: No — the laundry at 721 Cedar Street is in the lower level.
How walkable is 721 Cedar Street?: 721 Cedar Street has a Walk Score of 54/100 (Somewhat Walkable) and a Bike Score of 52/100 (Somewhat Bikeable). Scores provided by Walk Score® →
How many homes like 721 Cedar Street are for sale in Alexandria?: 25 similar homes (single-family homes between $296K and $494K in Alexandria) are for sale right now — you have options.
How fast do homes like 721 Cedar Street sell in Alexandria?: Homes like this one (single-family homes between $296K and $494K in Alexandria) went pending in a median 9 days over the last 90 days — 5 of the last 20 went under contract within 4 days.
Do homes in Alexandria sell for asking price?: 51% of the last 43 comparable Alexandria sales closed at or over list price — about half hold full price. Based on real NorthstarMLS closings, not estimates.
What does "M Markdowns" mean?: M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
What does "BuyPulse" mean?: BuyPulse™ is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
What does "Realgorithm™" mean?: The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.

Local Companies to Help You Settle In

From inspection to closing to moving day, here are well-known local companies serving the Alexandria area.

Listings courtesy of NorthstarMLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/13/2026, 10:29 AM CDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.