$435,000
SOLD NOV 27, 2024
Last list price

13 1st St SE Minot, ND 58701

11 Beds
11 Baths
3,001 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$145 Per Sq Ft

66 Days on Market

About This Home

As of November 2024

Welcome to the rich history of the Studebaker Building conveniently located near the highly desirable, up and coming Citizens Alley! Once a furniture store and upholstery shop, then its name's sake, a Studebaker dealership, this building has lived many lives and fulfilled many dreams. This building, currently placed to take advantage of The Renaissance Zone tax incentives and eligible for The Facade Improvement Fund, can be converted back into a retail space on the first floor or transformed into character filled high-end apartments. Or, without raising a hammer, simply manage as your own 11-unit, cash flowing apartment building. What will the next chapter in The Historic Studebaker Building be and will you be the one to write it? Call for more information today!

Last Agent to Sell the Property

Amy Rogers

BROKERS 12, INC. Listed on: 08/13/2024

Last Buyer's Agent

DeLynn Weishaar

BROKERS 12, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,234

Year Built

  • Built in 1917

Lot Details

  • 5,663 Sq Ft Lot

Interior Spaces

  • 3,001 Sq Ft Home
  • 2-Story Property
  • 5 Fireplaces
  • Wood Burning Fireplace
  • Oven or Range
  • Unfinished Basement

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 11 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System

Community Details

  • 7,600 Sq Ft Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,234

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 2
  • Age: 50+
  • Flooded: Yes-R
  • FILLYEARBUILT: 1917
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1917

Interior Features

  • Fireplace Location: Upper
  • Number Of Fireplaces: 5
  • Number Of Bedrooms: 11
  • Bathrooms: 11
  • Appliances: Refrigerator, Range/Oven
  • Has Basement: Unfinished
  • Fireplace: Wood
  • Fireplace: Yes
  • Foreclosure: No
  • Price Per S Q F T: 50.66
  • Sq Ft Above Ground: 3001+
  • Basement Type: Other

Exterior Features

  • Home Warranty: No

Garage/Parking

  • Garage 1: None
  • Garage 2: None

Utilities

  • Air Conditioner: Wall
  • Heating: Hot Water
  • Sewer: City
  • Hot Water: City

Condo/Co-op/Association

  • Units in Building: 11

Schools

  • School District: Minot #1
  • School District: Minot #1

Lot Info

  • Acres: Less
  • Lot Size: 5475
  • Number of Acres: 0.13
  • Zoning: C3

Rental Info

  • Annual Rent Income: 77,904

Tax Info

  • Taxes: 7234
  • Tax Year: 2023
  • Taxes Exp: 7234

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2024
Closed on
Nov 27, 2024
Sold by
Frontiers Llc
Bought by
Five And Two Ventures Llc
Seller's Agent
Amy Rogers
BROKERS 12, INC.
Buyer's Agent
DeLynn Weishaar
BROKERS 12, INC.
List Price
$470,000
Views
44
Current Estimated Value
$404,628

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.52%

Purchase Details

Listed on
Aug 3, 2021
Closed on
Nov 19, 2021
Sold by
Evenson Mitchell and Elda Evenson Living Trust
Bought by
Lost Creek Properties Llc and Frontiers Llc
Seller's Agent
Lori Knutson
Century 21 Morrison Realty
Buyer's Agent
Brittany Zimmerman
Century 21 Morrison Realty
List Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.10%
Original Mortgage
$279,375
Interest Rate
2.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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 $385,000 None Listed On Document
Warranty Deed $385,000 None Listed On Document
Warranty Deed $372,500 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $279,375 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold -- -- --
10/18/2024 10/18/24 Pending -- -- --
10/10/2024 10/10/24 Price Changed $435,000 -3.3% $145 / Sq Ft
09/18/2024 09/18/24 Price Changed $449,900 -4.3% $150 / Sq Ft
08/13/2024 08/13/24 For Sale $470,000 +17.5% $157 / Sq Ft
11/19/2021 11/19/21 Sold -- -- --
10/11/2021 10/11/21 Pending -- -- --
08/03/2021 08/03/21 For Sale $400,000 -- $133 / Sq Ft
Source: Minot Multiple Listing Service

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 $6,767 $198,000 $19,000 $179,000
2023 $7,290 $199,500 $19,000 $180,500
2022 $5,090 $146,000 $19,000 $127,000
2021 $4,771 $131,500 $19,000 $112,500
2020 $4,526 $125,000 $19,000 $106,000
2019 $4,231 $114,000 $19,000 $95,000
2018 $3,531 $97,500 $19,000 $78,500
2017 $3,777 $122,500 $19,000 $103,500
2016 $4,381 $176,000 $19,000 $157,000
2015 $5,126 $176,000 $0 $0
2014 $5,126 $209,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Minot Multiple Listing Service

MLS Number: 241437

Minot Multiple Listing Service

APN: MI-24238-010-008-2