NOT LISTED FOR SALE
96 Beds
48 Baths
42,048 Sq Ft
1976 Built

Sale Details

Date Sold: March 31, 2023

265 Days on Market

About This Home

As of March 2023

Rare opportunity to own a well cared for and upgraded 48-unit multifamily portfolio in Thief River Falls. Property consists of 4 three-story buildings, each with 12 two-bedroom, one-bath units. All units have upgraded kitchens and a handful of units with new vinyl flooring in living room and bedrooms. Exterior consists of brick, vinyl siding facade and all new maintenance free windows in 2018.

Last Agent to Sell the Property

Ryan Bohn

Crary Real Estate License #7070 Listed on: 07/08/2022

Last Buyer's Agent

NON-MLS

GF Area Association of REALTORS

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $38,957

Year Built

  • Built in 1976

Parking

  • 16 Car Detached Garage

Interior Spaces

  • 42,048 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 96 Bedrooms
  • 48 Bathrooms

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$38,957

Year Built

Built in 1976

Listing Details

  • Lot Size: 2.75 acres
  • Prop. Type: MultiFamily
  • Year Built: 1976
  • Expenses Heat Expense: Tenant
  • Expenses Tax And Specials Exp: 42452
  • Income Scheduled Rent: 404280
  • Income: 404280.0
  • Miscellaneous Laundry: Every Floor
  • Miscellaneous P L At Office: CA Required
  • Above Grade Finished Sq Ft: 42048.0
  • Architectural Style: 2 Story
  • Carport Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 96

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage Type: Detached
  • General Property Information:Garage Stalls: 16.0
  • General Property Information:Garage Remarks: Detached

Lot Info

  • Zoning: A-1 Limited Development

Tax Info

  • Tax Annual Amount: 38957.13

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Mar 31, 2023
Sold by
Bought by
Seller's Agent
Ryan Bohn
Crary Real Estate
Buyer's Agent
NON-MLS
GF Area Association of REALTORS
List Price
$3,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,360,000
Outstanding Balance
$1,756,741
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 8, 2022
Closed on
Mar 29, 2023
Sold by
Bought by
Seller's Agent
Ryan Bohn
Crary Real Estate
Buyer's Agent
NON-MLS
GF Area Association of REALTORS
List Price
$3,350,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,360,000
Outstanding Balance
$1,756,741
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 29, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,034
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2019
Sold by
Bought by

Purchase Details

Closed on
Jan 28, 2016
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,900,000 --
$1,450,000 None Listed On Document
$1,450,000 None Listed On Document
$750,000 None Available
-- None Available
-- None Available
$539,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,360,000
Previous Owner $756,034
Previous Owner $728,229
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/20/2023 10/20/23 Off Market -- -- --
04/02/2023 04/02/23 Off Market $3,200,000 -- --
03/31/2023 03/31/23 Sold -- -- --
09/12/2022 09/12/22 Price Changed $3,200,000 -4.5% $76 / Sq Ft
07/08/2022 07/08/22 For Sale $3,350,000 -- $80 / Sq Ft
Source: Grand Forks Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $13,250 $576,900 $68,400 $508,500
2024 $12,940 $576,900 $68,400 $508,500
2023 $12,214 $576,900 $0 $0
2022 $11,918 $530,700 $0 $0
2021 $11,204 $461,500 $0 $0
2020 $10,924 $425,000 $0 $0
2019 $10,166 $425,000 $0 $0
2018 $9,204 $408,000 $0 $0
2017 $8,354 $332,800 $0 $0
2016 $5,418 $282,300 $0 $0
2014 $5,842 $282,300 $0 $0
2013 $6,230 $278,900 $0 $0
Source: Public Records

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Map

Source: Grand Forks Area Association of REALTORS®

MLS Number: 22-1189

Grand Forks Area Association of REALTORS®
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