Is $434,000 a good price for a home in Brainerd?

According to BuyPulse, 721 N 3rd Street rates Strong Value — at $167/sqft it's priced 13% below the typical Brainerd single-family home of $191/sqft. Powered by the Realgorithm™.

What are the special assessments at 721 N 3rd Street — and what do they mean?

This property has $2/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $2,105/yr. Always factor both into your total monthly housing cost before making an offer.

Does 721 N 3rd Street have a basement?

Yes, 721 N 3rd Street has a basement with 319 sq ft of below-grade space.

What type of heating and cooling does 721 N 3rd Street have?

721 N 3rd Street has Baseboard, Boiler, Forced Air, Hot Water, Radiator heating and Ductless Mini-Split cooling.

Where is 721 N 3rd Street located?

721 N 3rd Street is in the Stiles Add Brainerd neighborhood of Brainerd, MN 56401, in Crow Wing County.

Is 721 N 3rd Street still available?

721 N 3rd Street is currently pending. The seller may still accept backup offers — contact us to learn more.

When was 721 N 3rd Street built?

721 N 3rd Street was built in 1916. It features a other foundation.

Does 721 N 3rd Street have main-floor laundry?

No — the laundry at 721 N 3rd Street is in the lower level.

How walkable is 721 N 3rd Street?

721 N 3rd Street has a Walk Score of 46/100 (Car-Dependent) and a Bike Score of 28/100 (Minimal Bike Infrastructure).

How many homes like 721 N 3rd Street are for sale in Brainerd?

36 similar homes (single-family homes between $326K and $543K in Brainerd) are for sale right now — you have options.

How fast do homes like 721 N 3rd Street sell in Brainerd?

Homes like this one (single-family homes between $326K and $543K in Brainerd) went pending in a median 28 days over the last 90 days — 1 of the last 16 went under contract within 4 days.

Do homes in Brainerd sell for asking price?

29% of the last 24 comparable Brainerd sales closed at or over list price — there's room to negotiate. 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.

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 1 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 2 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 3 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 4 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 5 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 6 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 7 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 8 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 9 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 10 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 11 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 12 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 13 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 14 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 15 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 16 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 17 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 18 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 19 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 20 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 21 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 22 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 23 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 24 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 25 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 26 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 27 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 28 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 29 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 30 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 31 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 32 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 33 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 34 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 35 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 36 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 37 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 38 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 39 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 40 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 41 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 42 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 43 of 44)

1916 single family home for sale at 721 N 3rd Street in Brainerd, MN — 5 bed, 2 bath (photo 44 of 44)

721 N 3rd Street, Brainerd, MN 56401

5 Beds | 2 Baths | 2,592 Sq Ft | Single Family Home | MLS# 7057831Waterfront on Mississippi River

Price Reduced — was $439,000 (↓ $5,000) · M Markdowns

$434,000

$2,623/month Estimated

Principal & interest: $2,195
Property taxes: $175
Home insurance (est.): $253
HOA dues: None

20% down ($86,800) · 30-yr fixed, 6.5% · Can I afford this home?

Estimates only; confirm before you offer.

Brainerd, MN Pending

Located in Stiles Add Brainerd, Brainerd, MN.

About This Home

Classic north Brainerd craftsman home on the Mississippi River. 1 block from the hospital, sits on 3+ acres with 450 feet of river frontage. Built in 1916 with beautiful wood built-ins, large brick fireplace. Only 2 owners in 110 years . This magnificent ageless home has so many possibilities, a canvas for your ideas to make it even more special. Original wood floors under carpet throughout the home. All bedrooms have walk-in closets. Here is your chance to own this one of a kind north Brainerd riverfront home!

BuyPulse · Live market read

How 721 N 3rd Street Compares to the Brainerd Market

At $167/sqft, this home is priced $24/sqft below the typical Brainerd single-family home of $191/sqft.

The median list price in Brainerd is $389,900.

Verdict: Strong Value

Homes like this one — single-family homes between $326K and $543K in Brainerd:

The field: 36 similar Brainerd homes for sale — you have options.
Tempo: homes like this went pending in a median 28 days — 1 of the last 16 inside 4 days.
Negotiation: 29% of the last 24 sales here closed at or over list — there's room to negotiate.
Price cuts: 12 of 36 similar homes have trimmed asking — median trim $20,000. This one already cut $5,000.

Key Features

Built: 1916
Garage: 2-Car Attached
Style: Two
HOA: None
Annual Taxes: $2,105 (2025)
Specials/yr: $2

Property Details

Property Type: Single Family
Above Grade Sq Ft: 2,273
Below Grade Sq Ft: 319
Lot Size: 3.02 acres
Basement: Yes
Roof: Age Over 8 Years, Asphalt
County: Crow Wing
List Date: 2026-04-18
Days on Market: 185 days
Parcel ID: 41241571

Financial

Total Tax incl. Assessments: $2,107
Specials Pending: No

Home Systems & Utilities

Heating: Baseboard, Boiler, Forced Air, Hot Water, Radiator
Cooling: Ductless Mini-Split
Water: City Water/Connected
Sewer: City Sewer/Connected
Appliances: Dishwasher, Dryer, Range, Refrigerator, Wall Oven, Washer

Interior Features

Laundry: Lower Level
Fireplace: 1 fireplace

Construction & Exterior

Construction & Structure

Foundation Type: Other
Foundation Area: 1,900 sqft
Total Building Area: 4,231 sqft

Exterior Features

Exterior Features: Stucco
View: North, River, South, West
Accessibility Features: None

Parking & Garage

Parking Features: Attached Garage

Lot & Land

Lot Features: Irregular Lot, Tree Coverage - Light, Tree Coverage - Medium
Road Surface: City Street
Wooded Area: 2 acres
Zoning Description: Residential-Single Family

Waterfront

Waterfront: Yes
Body of Water: Mississippi River

Agent & Office

List Office: First Equity Real Estate, LLC

Price History

Reduced $5,000 (1.1%)

Price reduced to $439,000 — May 13, 2026
Price reduced to $434,000 — Jul 24, 2026

721 N 3rd Street is listed in Brainerd, MN, part of Crow Wing County. Browse all Minnesota homes for sale on Modern Market REALTORS®.

Showing — 721 N 3rd Street

Shannon Barnum

Associate Broker · Modern Market REALTORS®

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

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Listed by First Equity Real Estate, LLC · Shown by Modern Market REALTORS®

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MLS# 7057831 · Data refreshed October 5, 2026

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Frequently Asked Questions About 721 N 3rd Street

Is $434,000 a good price for a home in Brainerd?: According to BuyPulse, 721 N 3rd Street rates Strong Value — at $167/sqft it's priced 13% below the typical Brainerd single-family home of $191/sqft. Powered by the Realgorithm™. Browse Brainerd homes for sale to compare.
What are the special assessments at 721 N 3rd Street — and what do they mean?: This property has $2/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $2,105/yr. Always factor both into your total monthly housing cost before making an offer.
What special assessments cost in Fargo-Moorhead — live figures on every home for sale.
Does 721 N 3rd Street have a basement?: Yes, 721 N 3rd Street has a basement with 319 sq ft of below-grade space.
What type of heating and cooling does 721 N 3rd Street have?: 721 N 3rd Street has Baseboard, Boiler, Forced Air, Hot Water, Radiator heating and Ductless Mini-Split cooling.
Where is 721 N 3rd Street located?: 721 N 3rd Street is in the Stiles Add Brainerd neighborhood of Brainerd, MN 56401, in Crow Wing County.
Is 721 N 3rd Street still available?: 721 N 3rd Street is currently pending. The seller may still accept backup offers — contact us to learn more.
When was 721 N 3rd Street built?: 721 N 3rd Street was built in 1916. It features a other foundation.
Does 721 N 3rd Street have main-floor laundry?: No — the laundry at 721 N 3rd Street is in the lower level.
How walkable is 721 N 3rd Street?: 721 N 3rd Street has a Walk Score of 46/100 (Car-Dependent) and a Bike Score of 28/100 (Minimal Bike Infrastructure). Scores provided by Walk Score® →
How many homes like 721 N 3rd Street are for sale in Brainerd?: 36 similar homes (single-family homes between $326K and $543K in Brainerd) are for sale right now — you have options.
How fast do homes like 721 N 3rd Street sell in Brainerd?: Homes like this one (single-family homes between $326K and $543K in Brainerd) went pending in a median 28 days over the last 90 days — 1 of the last 16 went under contract within 4 days.
Do homes in Brainerd sell for asking price?: 29% of the last 24 comparable Brainerd sales closed at or over list price — there's room to negotiate. 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 Brainerd area.

Listings courtesy of NorthstarMLS as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/20/2026, 7:19 PM 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.