NOT LISTED FOR SALE

1825 5th St SW Minot, ND 58701

Estimated Value: $229,000 - $262,000

8 Beds
4 Baths
1,201 Sq Ft
$205/Sq Ft Est. Value

Last Sold February 28, 2024

Current estimated payment $1,570/month

56 Days on Market

About This Home

As of February 2024

Prime investment opportunity with four 2-bed, 1 bath units. This property has an on-site coin-operated laundry, off street parking, and two entrance points for added tenant convenience. This property is fully occupied and has established, long-term tenants. All units are in above average condition. Please reach out to your Realtor for more interior pictures!

Last Listed By

Nathan Stremick

SIGNAL REALTY License #8697 Listed on: 11/15/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,373

Year Built

  • Built in 1974

Lot Details

  • 8,276 Sq Ft Lot

Home Design

  • Quadruplex
  • Concrete Foundation

Interior Spaces

  • 1,201 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,373

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 2
  • Age: 41-50
  • Flooded: No
  • FILLYEARBUILT: 1974
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Number Of Bedrooms: 8
  • Bathrooms: 4
  • Has Basement: None
  • Sq Ft Above Ground: 1201-1500
  • Basement Type: Fourplex

Exterior Features

  • Foundation: Concrete

Garage/Parking

  • Garage 1: None
  • Garage 2: None

Utilities

  • Sewer: City
  • Hot Water: City

Schools

  • School District: Washington
  • School District: Washington

Lot Info

  • Acres: Less
  • Number of Acres: 0.19
  • Zoning: R3

Tax Info

  • Taxes: $3,486
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2020
Sold by
Meine Marvin A
Bought by
Meine Matthew
Total Days on Market
56
Current Estimated Value
$246,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Outstanding Balance
$168,390
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$77,870

Purchase Details

Closed on
Jul 13, 2018
Sold by
Johnson Elaine J
Bought by
Meine Marvin A and Meine Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,300
Interest Rate
4.6%
Mortgage Type
New Conventional

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 Buyer Sale Price Title Company
Meine Matthew -- None Available
Meine Marvin A $194,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meine Matthew $187,500
Closed Meine Marvin A $184,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 Sold -- -- --
01/10/2024 01/10/24 Pending -- -- --
12/11/2023 12/11/23 Price Changed $207,500 -2.4% $173 / Sq Ft
11/15/2023 11/15/23 For Sale $212,500 -- $177 / 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 $2,373 $90,000 $32,500 $57,500
2023 $3,263 $96,000 $32,500 $63,500
2022 $2,963 $91,000 $32,500 $58,500
2021 $2,689 $85,500 $32,500 $53,000
2020 $2,653 $85,000 $32,500 $52,500
2019 $2,832 $89,500 $30,000 $59,500
2018 $1,644 $82,500 $30,000 $52,500
2017 $527 $81,500 $36,000 $45,500
2016 $582 $88,500 $36,000 $52,500
2015 $1,928 $88,500 $0 $0
2014 $1,928 $88,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Minot Multiple Listing Service

MLS Number: 231890

Minot Multiple Listing Service

APN: MI-26408-010-015-0