NOT LISTED FOR SALE

1505 12th St NW Minot, ND 58703

Estimated Value: $239,000

8 Beds
4 Baths
1,501 Sq Ft
$159/Sq Ft Est. Value

Last Sold March 27, 2013

Current estimated payment $1,626/month

125 Days on Market

About This Home

As of March 2013

This investment property has 1568 sf on each level and has had many updates in the last year or two...new siding, windows, 2 upper level decks, water heater, entrance door, newer washer/dryer and repaved parking lot. Each unit has 2 bedrooms and 1 bath. There is a laundry room in the lower level that generates approx. $1300/yr add'l income. Tenants pay electricity. Currently, rents are very reasonable and would be up to the new owner to adjust. All tenants are currently on a month-to-month basis. See associated docs for Income Statement.

Last Agent to Sell the Property

Joyce Kuntz

NextHome Legendary Properties License #6954 Listed on: 11/14/2012

NextHome Legendary Properties

Last Buyer's Agent

Jan Tucker

Century 21 Morrison Realty License #8116

Century 21 Morrison Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,538

Year Built

  • Built in 1976

Lot Details

  • Lot Dimensions are 60x150

Parking

  • Driveway

Home Design

  • Quadruplex
  • Concrete Foundation

Interior Spaces

  • 1,501 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number MI141170000241

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,538

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 1
  • Additional Comments: $5000.00
  • Additional Comments 3: Cl Cost
  • Age: 31-40
  • Flooded: No
  • FILLYEARBUILT: 1976
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1976

Interior Features

  • Number Of Bedrooms: 8
  • Bathrooms: 4
  • Appliances: Dishwasher, Refrigerator, Range/Oven
  • Has Basement: Finished, Full, Daylight
  • Fireplace: No
  • Sq Ft Above Ground: 1501-2000
  • Basement Type: Fourplex

Exterior Features

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

Garage/Parking

  • Driveway: Paved
  • Garage 1: None
  • Garage 2: None
  • Heat Exp: 1399

Utilities

  • Air Conditioner: Window
  • Heating: Hot Water
  • Sewer: City
  • Hot Water: City
  • Electric Expense: 453
  • Water Trash Expense: 1508

Condo/Co-op/Association

  • Units in Building: 4

Schools

  • School District: Lewis & Clark
  • School District: Lewis & Clark

Lot Info

  • Acres: Less
  • Lot Size: 60x150
  • Zoning: R3B

Rental Info

  • Annual Rent Income: 31,596
  • Management Exp: 1982

Tax Info

  • Assessor Parcel Number: MI141170000241
  • Taxes: 2538
  • Tax Year: 2011
  • Taxes Exp: 2538

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 12, 2020
Sold by
Icefire Llc
Bought by
Palomares Christopher
Current Estimated Value
$239,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,370
Outstanding Balance
$174,347
Interest Rate
3%
Mortgage Type
VA
Estimated Equity
$64,653

Purchase Details

Closed on
May 31, 2013
Sold by
Frazier Veronica
Bought by
Icefire Llc

Purchase Details

Listed on
Nov 14, 2012
Closed on
Mar 15, 2013
Sold by
Beich Jonathan W and Beich Jennifer
Bought by
Frazier Veronica T
Seller's Agent
Joyce Kuntz
NextHome Legendary Properties
Buyer's Agent
Jan Tucker
Century 21 Morrison Realty
List Price
$292,500
Sold Price
$267,500
Premium/Discount to List
-$25,000
-8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.91%
Original Mortgage
$200,600
Interest Rate
3.48%
Mortgage Type
Commercial
Source: Public Records

Similar Homes in Minot, ND

  • 501 10th Ave SE, Minot, ND 58701

    $230,000

    • 6 Beds
    • 3 Baths
    • 1,501 Sq Ft
    • 501 10th Ave SE
    • Minot, ND

    Seize the opportunity to own this well-maintained triplex, perfect for investors looking to expand their rental portfolio or for owner-occupants seeking additional income. This property features three distinct units, each offering comfortable living spaces. Main Floor Unit: Three bedrooms, one bathroom, a spacious kitchen and dining area, a generous living room, plus a versatile bonus

    Alexa vonGoltz Realty ONE Group Magnum

    Section Image
  • 1521 12th St NW, Minot, ND 58703

    $200,000

    • 8 Beds
    • 4 Baths
    • 1,501 Sq Ft
    • 1521 12th St NW
    • Minot, ND

    If you have been dreaming of an investment opportunity to knock on your door, HERE IT IS! Perfect owner-occupied property with Four 2 bedroom, 1 bath units. Upper units have balconies, great NW location with proximity to MSU and MAFB. Low vacancy rate and good upkeep have made this an excellent option to add to your portfolio. Lots of parking and a nice backyard for tenants to enjoy. Coin

    MELISSA HOUSTON NextHome Legendary Properties

    Section Image
  • 1525 12th St NW, Minot, ND 58703

    $225,000

    • 10 Beds
    • 6 Baths
    • 2,001 Sq Ft
    • 1525 12th St NW
    • Minot, ND

    Excellent Investment Opportunity! 5 Units in great NW location with easy access to MSU and MAFB. Originally a 4 plex with 2 bedrooms, 1 bath units, with upper unit balconies, a 5th unit was added as a split foyer unit with upper balcony, 2 beds, 1.5 baths, electric fireplace and private laundry in that unit, currently renting for $700. Live in one unit while the rest pay the mortgage! Lots of

    MELISSA HOUSTON NextHome Legendary Properties

    Section Image
  • 2 University Ave W, Minot, ND 58703

    $219,900

    • 6 Beds
    • 6 Baths
    • 2,001 Sq Ft
    • 2 University Ave W
    • Minot, ND

    Your real estate portfolio has been looking mighty lonely as of late. This historic beauty will make a fine addition! Situated on an oversized lot, Lakeview Apartments is a six unit building with an attached four-car garage, green space, and ample parking. Each apartment features one bedroom, one bathroom, character rich wood trim, original doors, and cozy features while still allowing for the

    Amy Rogers BROKERS 12, INC.

    Section Image
  • 607 Main St S, Minot, ND 58701

    $199,900

    • 6 Beds
    • 3 Baths
    • 2,001 Sq Ft
    • 607 Main St S
    • Minot, ND

    Turn-Key Income-Producing Duplex Near Downtown Minot! Don't miss this exceptional opportunity to own a spacious and well-maintained duplex just minutes from downtown Minot. Each unit boasts over 1,200 sq ft with 3 bedrooms and 1.5 bathrooms, offering ample space and comfort for tenants or owner-occupants. Unit A has been fully remodeled, making it perfect for those looking to live in one unit

    Andrew Gudmunson 701 Realty, Inc.

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Palomares Christopher $190,000 None Available
Icefire Llc -- None Available
Frazier Veronica T -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palomares Christopher $194,370
Previous Owner Frazier Veronica T $200,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2013 03/27/13 Sold -- -- --
03/19/2013 03/19/13 Pending -- -- --
11/14/2012 11/14/12 For Sale $292,500 -- $195 / 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 $3,588 $105,000 $22,500 $82,500
2023 $3,764 $103,000 $22,500 $80,500
2022 $3,121 $89,500 $22,500 $67,000
2021 $2,900 $86,500 $22,500 $64,000
2020 $3,473 $104,500 $22,500 $82,000
2019 $3,259 $96,500 $22,500 $74,000
2018 $2,975 $89,000 $22,500 $66,500
2017 $2,944 $95,500 $27,000 $68,500
2016 $3,012 $121,000 $27,000 $94,000
2015 $2,581 $121,000 $0 $0
2014 $2,581 $130,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Minot Multiple Listing Service

MLS Number: 20122594

Minot Multiple Listing Service

APN: MI-14117-000-024-1