$225,000
SOLD JUN 17, 2022
Last list price

2017 5th St NW Minot, ND 58703

7 Beds
4 Baths
1,501 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$150 Per Sq Ft

About This Home

As of July 2023

This four unit property with garages is a fantastic investment opportunity that will be a great addition to your portfolio. The building is made up of a one bedroom unit, and three other units that have two bedrooms and one bathroom each. The four car garage in the alley allows each unit to have a garage along with an extra parking space on each side of the garages. Each unit is individually metered for electric, which the tenants are responsible for paying. The community laundry room includes coin operated washers and dryers. This clean and quiet building has been well-maintained, professionally managed and is attractive to renters. Don't miss out on this home run deal!

Last Agent to Sell the Property

Daniel Erickson

IMM REALTORS Listed on: 06/01/2022

Last Buyer's Agent

Morgan Abel

SIGNAL REALTY License #8489

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,021

Year Built

  • Built in 1959

Home Design

  • 1,501 Sq Ft Home
  • Quadruplex
  • Split Level Home

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 4 Car Garage
  • Garage Door Opener

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System

Additional Features

  • Washer and Dryer
  • 10,019 Sq Ft Lot
  • Finished Basement

Community Details

  • 3,032 Sq Ft Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,021

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: Split Level
  • Age: 50+
  • Flooded: No
  • FILLYEARBUILT: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Number Of Bedrooms: 7
  • Bathrooms: 4
  • Appliances: Microwave, Refrigerator, Range/Oven, Washer and Dryer
  • Has Basement: Finished
  • Fireplace: No
  • Foreclosure: No
  • Price Per S Q F T: 79.16
  • Sq Ft Above Ground: 1501-2000
  • Basement Type: Fourplex

Garage/Parking

  • Garage 1: D4
  • Garage 2: None
  • Garage Capacity: 4
  • Garage Features: Opener
  • Heat Exp: $1697

Utilities

  • Air Conditioner: Wall
  • Heating: Hot Water
  • Sewer: City
  • Hot Water: City
  • Electric Expense: $235
  • Water Trash Expense: $1865

Condo/Co-op/Association

  • Units in Building: 4

Lot Info

  • Acres: Less
  • Lot Size: 10350 sf
  • Number of Acres: 0.23
  • Zoning: R3B

Tax Info

  • Taxes: 2021
  • Tax Year: 3185
  • Taxes Exp: $3185

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2023
Closed on
Jul 19, 2023
Sold by
Ready Rentals Llc
Bought by
Vols Keaton J
Seller's Agent
Morgan Abel
SIGNAL REALTY
Buyer's Agent
Kerri Zablotney
SIGNAL REALTY
List Price
$260,000
Views
32
Current Estimated Value
$261,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.37%
Original Mortgage
$255,290
Outstanding Balance
$250,616
Interest Rate
6.71%
Mortgage Type
FHA
Estimated Equity
$17,280

Purchase Details

Listed on
Jun 1, 2022
Closed on
Jun 17, 2022
Sold by
Laughton Nathan F
Bought by
Ready Rentals Llc
Seller's Agent
Daniel Erickson
IMM REALTORS
Buyer's Agent
Morgan Abel
SIGNAL REALTY
List Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$192,000
Interest Rate
4.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 5, 2015
Closed on
May 27, 2015
Sold by
Leier Properties Llc
Bought by
Laughton Nathan F
Seller's Agent
Blake Krabseth
Better Homes and Gardens Real Estate Watne Group
Buyer's Agent
DANNY HANSON
IMM REALTORS
List Price
$300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.93%
Original Mortgage
$215,000
Interest Rate
3.64%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 10, 2012
Closed on
Oct 8, 2012
Sold by
Protea Properties Llc
Bought by
Leier Properties Llc
Seller's Agent
Blake Krabseth
Better Homes and Gardens Real Estate Watne Group
Buyer's Agent
MELISSA LEIER
Century 21 Morrison Realty
List Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.61%
Original Mortgage
$187,500
Interest Rate
3.57%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 18, 2008
Sold by
Nelson Byron D and Nelson Heidi G
Bought by
Collisn Kevin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Interest Rate
6.49%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $260,000 None Listed On Document
Warranty Deed $240,000 None Listed On Document
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $255,290 FHA
Previous Owner $215,000 Commercial
Previous Owner $187,500 Future Advance Clause Open End Mortgage
Previous Owner $141,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2023 07/19/23 Sold -- -- --
05/29/2023 05/29/23 Pending -- -- --
05/29/2023 05/29/23 Off Market -- -- --
05/25/2023 05/25/23 For Sale $260,000 +15.6% $173 / Sq Ft
06/17/2022 06/17/22 Sold -- -- --
06/03/2022 06/03/22 Pending -- -- --
06/01/2022 06/01/22 For Sale $225,000 -25.0% $150 / Sq Ft
05/29/2015 05/29/15 Sold -- -- --
02/24/2015 02/24/15 Pending -- -- --
02/05/2015 02/05/15 For Sale $300,000 +20.0% $200 / Sq Ft
10/08/2012 10/08/12 Sold -- -- --
08/10/2012 08/10/12 Pending -- -- --
08/10/2012 08/10/12 For Sale $250,000 -- $83 / 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 $3,640 $106,500 $23,500 $83,000
2023 $3,837 $105,000 $23,500 $81,500
2022 $3,312 $95,000 $23,500 $71,500
2021 $2,917 $87,000 $23,500 $63,500
2020 $2,991 $90,000 $23,500 $66,500
2019 $2,837 $84,000 $23,500 $60,500
2018 $2,590 $77,500 $23,500 $54,000
2017 $2,990 $97,000 $31,000 $66,000
2016 $3,087 $124,000 $36,000 $88,000
2015 $3,166 $124,000 $0 $0
2014 $3,166 $146,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Minot Multiple Listing Service

MLS Number: 220986

Minot Multiple Listing Service

APN: MI-11173-000-003-0