NOT LISTED FOR SALE

201 5th Ave NE Minot, ND 58703

Estimated Value: $122,000 - $152,000

4 Beds
3 Baths
1,501 Sq Ft
$92/Sq Ft Est. Value

Last Sold May 28, 2020

Current estimated payment $961/month

23 Days on Market

Highlights

  • 1-Story Property
  • Washer and Dryer
  • Heating Available

About This Home

As of May 2020

Great Triplex Investment Property with Potential to add 3 more apartments/units in the unfinished basement!!! This Triplex currently has a 2 bedroom with 1 bathroom along with two more 1 bedroom and 1 bath units on the main floor that stretch over approximately 1,800 sqft. The basement is unfinished and has approximately another 1,800 sqft to add 3 more apartments/units. The majority of the main level has hardwood floors and there is a coin operated washer and dryer in the basement.

Last Agent to Sell the Property

Curt Guss

ELITE REAL ESTATE, LLC License #7183 Listed on: 04/06/2020

Last Buyer's Agent

Lynne Reisenauer

KW Inspire Realty

KW Inspire Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,414

Year Built

  • Built in 1909

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 100'x50'

Parking

  • Driveway

Home Design

  • Triplex
  • Concrete Foundation

Interior Spaces

  • 1,501 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement
  • Natural lighting in basement
  • Oven or Range
  • Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Heating Available

Community Details

  • 3,616 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number MI13.192.220.0023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,414

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 1
  • Additional Comments: $2,000 for
  • Additional Comments 3: Buyer's Closing Costs
  • Age: 50+
  • Flooded: Yes-R
  • FILLYEARBUILT: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1909

Interior Features

  • Number Of Bedrooms: 4
  • Bathrooms: 3
  • Appliances: Refrigerator, Range/Oven, Washer and Dryer
  • Has Basement: Unfinished, Daylight
  • Price Per S Q F T: 25.72
  • Sq Ft Above Ground: 1501-2000
  • Basement Type: Triplex

Exterior Features

  • Foundation: Concrete

Garage/Parking

  • Driveway: Concrete
  • Garage 1: None
  • Garage 2: None
  • Heat Exp: $696

Utilities

  • Heating: Electric
  • Sewer: City
  • Hot Water: City
  • Electric Expense: $1568
  • Water Trash Expense: $2496

Condo/Co-op/Association

  • Units in Building: 3

Lot Info

  • Acres: Less
  • Lot Size: 100'X50'
  • Number of Acres: 0.11
  • Zoning: R3B

Rental Info

  • Annual Rent Income: $17,217

Tax Info

  • Assessor Parcel Number: MI13.192.220.0023
  • Taxes: $1414
  • Tax Year: 2019
  • Taxes Exp: $1414

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2020
Closed on
May 28, 2020
Sold by
Drovdal Daniel and Drovdal Stephanie
Bought by
Allan Lee Llc
Seller's Agent
Curt Guss
ELITE REAL ESTATE, LLC
Buyer's Agent
Lynne Reisenauer
KW Inspire Realty
List Price
$109,900
Sold Price
$93,000
Premium/Discount to List
-$16,900
-15.38%
Total Days on Market
23
Current Estimated Value
$138,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,079
Avg. Annual Appreciation
7.73%
Original Mortgage
$74,400
Outstanding Balance
$2,683
Interest Rate
3.3%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$132,440

Purchase Details

Closed on
Sep 6, 2011
Sold by
Anhorn Mark
Bought by
Drovdal Daniel and Drovdal Stephanie

Purchase Details

Closed on
Dec 3, 2008
Sold by
Boston Garden Properties Llc
Bought by
Anhorn Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 7, 2005
Sold by
Teets Brock J and Burckhard Teets Tifany A
Bought by
Boston Graden Properties Llc
Source: Public Records

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
Allan Lee Llc -- None Available
Drovdal Daniel -- --
Anhorn Mark -- None Available
Boston Graden Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Allan Lee Llc $74,400
Previous Owner Anhorn Mark $123,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2020 05/28/20 Sold -- -- --
04/29/2020 04/29/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $109,900 -- $73 / 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 $2,230 $72,500 $10,000 $62,500
2023 $1,875 $57,000 $9,000 $48,000
2022 $1,694 $54,000 $9,000 $45,000
2021 $1,524 $50,500 $9,000 $41,500
2020 $1,466 $49,000 $9,000 $40,000
2019 $1,489 $49,000 $9,000 $40,000
2018 $1,370 $41,000 $9,000 $32,000
2017 $1,649 $53,500 $10,000 $43,500
2016 $1,767 $71,000 $10,000 $61,000
2015 $2,082 $71,000 $0 $0
2014 $2,082 $83,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Minot Multiple Listing Service

MLS Number: 200758

Minot Multiple Listing Service

APN: MI-13192-220-002-3