NOT LISTED FOR SALE

1500 16th Ave SW Minot, ND 58701

Estimated Value: $288,834 - $296,000

8 Beds
4 Baths
1,501 Sq Ft
$195/Sq Ft Est. Value

Last Sold October 27, 2023

Current estimated payment $1,619/month

5 Days on Market

About This Home

As of October 2023

100% occupied four-unit apartment building with garages and view! This Southwest Minot apartment building is located directly off 16th Street with a view of all of Minot from each unit's private deck or patio. The exterior of the building has been wrapped in steel siding, a new asphalt roof, and vinyl windows. Each garage is equipped with electricity and garage door openers. All four units feature two bedrooms, one bathroom, large kitchen, air conditioning, and spacious living area. The conveniently located coin laundry is a great addition to the building and to your cash flow. VA and FHA financing welcome! Seller is a licensed real estate agent.

Last Agent to Sell the Property

Amy Rogers

BROKERS 12, INC. Listed on: 08/24/2023

Last Buyer's Agent

Drew Wierson

Maven Real Estate License #8061

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,917

Year Built

  • Built in 1975

Lot Details

  • 0.3

Home Design

  • 1,501 Sq Ft Home
  • Quadruplex
  • Split Foyer
  • Concrete Foundation

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Garage
  • Garage Door Opener
  • Gravel Driveway

Utilities

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

Additional Features

  • Oven or Range
  • Patio
  • 0.3 Acre Lot
  • Finished Basement

Community Details

  • 3,472 Sq Ft Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,917

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: Split Foyer
  • Age: 41-50
  • Flooded: No
  • Year Built: 1975
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Bedrooms: 8
  • Bathrooms: 4
  • Appliances: Refrigerator, Range/Oven
  • Has Basement: Finished
  • Fireplace: No
  • Foreclosure: No
  • Price Per S Q F T: 77.62
  • Sq Ft Above Ground: 1501-2000
  • Basement Type: Fourplex

Exterior Features

  • Exterior: Deck, Patio
  • Foundation: Concrete
  • Home Warranty: No

Garage/Parking

  • Driveway: Gravel
  • Garage 1: D4
  • Garage 2: None
  • Garage Capacity: 4
  • Garage Features: Opener, Lights
  • Heat Exp: $140

Utilities

  • Air Conditioner: Wall
  • Average Monthly Cost of Heat: $140
  • Heating: Hot Water
  • Sewer: City
  • Hot Water: City
  • Electric Expense: $30
  • Water Trash Expense: $200

Condo/Co-op/Association

  • Units in Building: 4

Schools

  • School District: Minot #1

Lot Info

  • Acres: Less
  • Assessed: 268,000
  • Lot Size: 13,032
  • Number of Acres: 0.3
  • Zoning: R3

Rental Info

  • Annual Rent Income: 32,580

Tax Info

  • Taxes: 4917
  • Tax Year: 2022
  • Taxes Exp: 4917

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2022
Sold by
K & H Properties Llc
Bought by
Yellow Door Homes Llc
Current Estimated Value
$292,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,400
Outstanding Balance
$169,984
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$122,433
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Yellow Door Homes Llc $228,000 Kennelly Business Law
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yellow Door Homes Llc $182,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2023 10/27/23 Sold -- -- --
08/29/2023 08/29/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $268,000 -- $179 / 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 $1,192 $130,500 $32,500 $98,000
2023 $4,896 $134,000 $29,500 $104,500
2022 $4,294 $117,000 $29,500 $87,500
2021 $3,604 $107,500 $29,500 $78,000
2020 $3,722 $112,000 $29,500 $82,500
2019 $3,529 $104,500 $29,500 $75,000
2018 $3,225 $96,500 $29,500 $67,000
2017 $3,345 $108,500 $32,500 $76,000
2016 $3,360 $135,000 $32,500 $102,500
2015 $3,406 $135,000 $0 $0
2014 $3,406 $141,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Minot Multiple Listing Service

MLS Number: 231433

Minot Multiple Listing Service

APN: MI-26647-000-001-0