NOT LISTED FOR SALE

201 3rd Ave SW Minot, ND 58701

Estimated Value: $371,633

20 Beds
15 Baths
3,001 Sq Ft
$124/Sq Ft Est. Value

Last Sold November 30, 2017

Current estimated payment $2,048/month

488 Days on Market

About This Home

As of November 2017

15 Plex "The Virginia" 100% OCCUPIED!! This price represents an investment opportunity! This multifamily unit has been updated throughout the years. 3 units totally remodeled in 2016. 10 single units & 5 doubles. Roof recently inspected - OK. New water lines & stacks. Sold "as is" which is reflected in the price. 4A is a studio apt that rents for $495/month. Owner is getting out of the rental business.

Last Agent to Sell the Property

Lorell Seibold

Coldwell Banker 1st Minot Realty License #6972 Listed on: 06/09/2016

Coldwell Banker 1st Minot Realty

Last Buyer's Agent

Jeff Stremick

SIGNAL REALTY License #8233

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • Lot Dimensions are 75 x 100
  • Fenced

Parking

  • Driveway

Home Design

  • 3,001 Sq Ft Home
  • Concrete Foundation

Kitchen

  • Oven or Range

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 15 Bathrooms

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Finished Basement

Community Details

  • 15 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: Other
  • Age: 50+
  • Flooded: No
  • Year Built: 1910
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Of Bedrooms: 20
  • Bathrooms: 15
  • Appliances: Refrigerator, Range/Oven
  • Has Basement: Finished
  • Sq Ft Above Ground: 3001+
  • Basement Type: Other

Exterior Features

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

Garage/Parking

  • Driveway: Concrete
  • Garage 1: None
  • Garage 2: None
  • Heat Exp: 3600

Utilities

  • Air Conditioner: Window
  • Average Monthly Cost of Heat: App $631
  • Heating: Natural Gas, Hot Water
  • Sewer: City
  • Hot Water: City
  • Electric Expense: 600
  • Water Trash Expense: 4560

Condo/Co-op/Association

  • Units in Building: 15

Schools

  • School District: Minot #1

Lot Info

  • Acres: Less
  • Lot Size: 75 x 100
  • Zoning: C3

Rental Info

  • Annual Rent Income: 66000
  • Management Exp: 4800

Tax Info

  • Taxes: App $5,500
  • Tax Year: 2013
  • Taxes Exp: 5000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2016
Closed on
Nov 30, 2017
Sold by
Pederson Austin J and Pederson Sarah
Bought by
Bertsch Properties L L C
Seller's Agent
Lorell Seibold
Coldwell Banker 1st Minot Realty
Buyer's Agent
Jeff Stremick
SIGNAL REALTY
List Price
$385,000
Current Estimated Value
$371,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.33%

Purchase Details

Listed on
Jun 9, 2016
Closed on
Nov 22, 2017
Sold by
Pederson Austin J and Pederson Sarah
Bought by
Bertsch Properties L L C
Seller's Agent
Lorell Seibold
Coldwell Banker 1st Minot Realty
Buyer's Agent
Jeff Stremick
SIGNAL REALTY
List Price
$385,000

Purchase Details

Closed on
Feb 3, 2016
Sold by
Pederson Austin J and Pederson Sarah
Bought by
Pederson Austin J and Pederson Sarah

Purchase Details

Closed on
Jun 2, 2014
Sold by
Pederson Gary and Pederson Kay
Bought by
Pederson Auston

Purchase Details

Closed on
Mar 16, 2006
Sold by
Christianson Donald L and Christianson Carol T
Bought by
Pederson Gary L and Pederson Austin J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
6.33%
Mortgage Type
Commercial
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
Bertsch Properties L L C $225,000 None Available
Bertsch Properties L L C $225,000 Minot Guaranty & Escrow Comp
Pederson Austin J -- None Available
Pederson Auston -- None Available
Pederson Gary L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pederson Gary L $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2017 11/30/17 Sold -- -- --
10/10/2017 10/10/17 Pending -- -- --
06/09/2016 06/09/16 For Sale $385,000 -- $128 / 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 $1,418 $41,500 $41,500 $0
2023 $1,516 $41,500 $41,500 $0
2022 $1,447 $41,500 $41,500 $0
2021 $1,392 $41,500 $41,500 $0
2020 $1,379 $41,500 $41,500 $0
2019 $1,401 $41,500 $41,500 $0
2018 $3,393 $101,500 $41,500 $60,000
2017 $4,609 $149,500 $41,500 $108,000
2016 $5,738 $230,500 $41,500 $189,000
2015 $5,944 $230,500 $0 $0
2014 $5,944 $263,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lorell Seibold

    Coldwell Banker 1st Minot Realty

    Section Image

  • J

    Buyer's Agent in 2017

    Jeff Stremick

    SIGNAL REALTY

    Section Image
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Map

Source: Minot Multiple Listing Service

MLS Number: 161209

Minot Multiple Listing Service

APN: MI-23021-210-003-0

North Dakota Ward County Minot 58701

201 3rd Ave SW, Minot, ND

Not Listed for Sale

MultiFamily

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