$319,000
SOLD OCT 2, 2024
Last list price
7 Beds
4 Baths
3,496 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$91 Per Sq Ft

71 Days on Market

Highlights

  • Corner Lot
  • Coin Laundry
  • 5-minute walk to Roosevelt Park
  • North High School Rated A-
  • Boiler Heating System

About This Home

As of October 2024

Fantastic opportunity in North Fargo 1 1/2 blocks to NDSU, Excellent rental history, 4 garages plus off street parking, Updated appliances,
Unit 1 - 1 bedroom $550
Unit 2- 1 bedroom $550
Unit 3 -2 bedroom plus den $975
Unit 4-3 bedroom $995
Gross income annual $36,840

Last Agent to Sell the Property

Tanya Tonsfeldt

True Blue Rentals & Real Estate Listed on: 06/19/2024

Co-Listed By

Emmy Amble

True Blue Rentals & Real Estate

Last Buyer's Agent

Bryce Johnson

eXp Realty (3523 FGO)

eXp Realty (3523 FGO)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,284

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Architectural Shingle Roof

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Basement

  • Block Basement Construction
  • Laundry in Basement

Schools

  • Fargo North High School

Utilities

  • Boiler Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, telephone
  • The owner pays for gas, heat, hot water, insurance, lawn, management, repairs, sewer, snow removal, trash collection, water
  • Assessor Parcel Number 0122200250000
  • $5,436 per year additional tax assessments

Community Details

Overview

  • 4 Units
  • Ohmers Subdivision

Additional Features

  • Coin Laundry
  • Gross Income $36,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,284

Year Built

Built in 1900

Lot Details

0

Parking

4

Listing Details

  • Prop. Type: Residential
  • Lot Size Acres: 0.17
  • Lot Size: 7700
  • Co List Office Mls Id: 252590
  • Co List Office Phone: 701-729-6672
  • Subdivision Name: Ohmers
  • Architectural Style: (MF) Four Plex
  • Unit Levels: Two
  • Year Built: 1900
  • Roof:Architectural Shingle: Yes
  • General Property Information:Acres: 0.17
  • Location Tax and Other Information Tax Year2: 2023
  • Location Tax and Other Information Tax Amount: 3523.0
  • Location Tax and Other Information In Foreclosure: No
  • Location Tax and Other Information Lender Owned: No
  • General Property Information Year Built2: 1900
  • General Property Information Lot Dimensions: 7700
  • General Property Information Below Grd Total SqFt: 1232.0
  • General Property Information Total Finished Sqft2: 3496.00
  • General Property Information Style2: (MF) Four Plex
  • Building Information Finished SqFt Above Ground: 2464
  • Building Information Finished SqFt Below Ground: 1032
  • Lease Details Land Leased: Not Applicable
  • Ownership Fractional Ownership3: No
  • Stories Two: Yes
  • Basement Concrete Block: Yes
  • Unit Details Total Units: 4
  • Lot Description:Corner Lot: Yes
  • Owner Pays:Water2: Yes
  • General Property Information Above Ground SqFt: 2464.0
  • Unit 1 Annual Rent: 6600.0
  • Electric:Fuses: Yes
  • Amenities Shared Coin-op Laundry Owned: Yes
  • Laundry In Basement: Yes
  • Location Tax and Other Information High School3: Fargo North
  • Owner Pays:Sewer2: Yes
  • General Property Information Below Grade Unfinished Area: 200
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Owner Pays: Gas, Heat, Hot Water, Insurance, Lawn, Management, Repairs, Sewer, Snow Removal, Trash Collection, Water
  • Accessibility Features: None
  • Has Basement: Concrete Block
  • Total Bedrooms: 7

Exterior Features

  • Lot Features: Corner Lot
  • Roof: Architectural Shingle

Garage/Parking

  • Garage Spaces: 4.0

Utilities

  • Laundry Features: In Basement
  • Heating: Boiler
  • Heating Yn: Yes
  • Electric: Fuses
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
  • Heating Fuel:Natural Gas: Yes
  • Heating:Boiler: Yes

Schools

  • High School: Fargo North

Lot Info

  • Lot Size Sq Ft: 7405.2
  • Parcel #: 0122200250000

Rental Info

  • Tenant Pays: Cable TV, Electricity, Telephone

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 36840.0

Tax Info

  • Tax Annual Amount: 4284.0
  • Tax Other Annual Assessment Amount: 5436.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Oct 2, 2024
Sold by
Mcgregor Andrew J and Mcgregor Luz Emilia
Bought by
Johnkott Properties Llc
Seller's Agent
Tanya Tonsfeldt
True Blue Rentals & Real Estate
Buyer's Agent
Bryce Johnson
eXp Realty (3523 FGO)
List Price
$319,000
Views
57
Current Estimated Value
$301,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%
Original Mortgage
$450,000
Outstanding Balance
$446,645
Interest Rate
6.44%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$139,492
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $293,000 Title Company-Commercial
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 Credit Line Revolving
Closed $234,000 New Conventional
Previous Owner $144,000 Commercial
Previous Owner $144,000 Credit Line Revolving
Previous Owner $48,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Off Market -- -- --
10/02/2024 10/02/24 Sold -- -- --
08/30/2024 08/30/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $319,000 -- $91 / Sq Ft
Source: Fargo-Moorhead Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,480 $124,750 $19,500 $105,250
2023 $4,284 $118,800 $19,500 $99,300
2022 $3,745 $99,000 $19,500 $79,500
2021 $3,691 $99,000 $19,500 $79,500
2020 $3,652 $99,000 $19,500 $79,500
2019 $3,639 $98,450 $7,500 $90,950
2018 $3,601 $98,450 $7,500 $90,950
2017 $3,338 $90,300 $7,500 $82,800
2016 $3,124 $90,300 $7,500 $82,800
2015 $2,952 $78,500 $7,500 $71,000
2014 $2,667 $66,600 $7,500 $59,100
2013 $2,674 $66,600 $7,500 $59,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fargo-Moorhead Area Association of REALTORS®

MLS Number: 6556125

APN: 01-2220-02950-000