M
Seller's Agent in 2018
Mike Assels
NextHome Legendary Properties
(701) 721-5909
21 Total Sales
Estimated Value: $239,000 - $310,347
66
Beds
33
Baths
3,001
Sq Ft
$94/Sq Ft
Est. Value
Highlights
- Hot Water Heating System
- Sunnyside Elementary School Rated 9+
- Washer and Dryer
About This Home
As of August 2018Three buildings with 11 units each. Well maintained, very solid buildings with masonry exterior and concrete floors! Newer windows and energy efficient boilers. Each building features a storage area and coin operated laundry facilities. 11 single stall garage units. Park like yard and setting. 100% OCCUPIED! Capitalization analysis shows a CAP rate of 9.2%. There is a FANTASTIC UPSIDE to this investment at this market adjusted price! PRICED TO SELL AT ONLY $24,000 PER UNIT.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,733
Year Built
- Built in 1960
Lot Details
- 2.57 Acre Lot
- Lot Dimensions are 635x127
Home Design
- Concrete Foundation
Interior Spaces
- 3,001 Sq Ft Home
- Finished Basement
- Natural lighting in basement
- Washer and Dryer
Kitchen
- Oven or Range
- Dishwasher
Bedrooms and Bathrooms
- 66 Bedrooms
- 33 Bathrooms
Parking
- 11 Car Garage
- Driveway
Utilities
- Hot Water Heating System
- Heating System Uses Natural Gas
Community Details
- 33 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2018
Closed on
Aug 31, 2018
Sold by
Some Properties Lp
Bought by
Mendenhall George
Seller's Agent
Mike Assels
NextHome Legendary Properties
Buyer's Agent
Aisha Vadell
Coldwell Banker 1st Minot Realty
List Price
$795,000
Sold Price
$739,000
Premium/Discount to List
-$56,000
-7.04%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$456,913
Avg. Annual Appreciation
-13.19%
Original Mortgage
$540,000
Outstanding Balance
$412,348
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
-$130,261
Purchase Details
Closed on
Nov 15, 2007
Sold by
Carlson Daniel and Carlson Catherine
Bought by
Somerville Daryl and Somerville Devin
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mendenhall George | $739,000 | None Available | |
| Somerville Daryl | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mendenhall George | $540,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/31/2018 08/31/18 | Sold | -- | -- | -- |
| 05/16/2018 05/16/18 | Pending | -- | -- | -- |
| 03/13/2018 03/13/18 | For Sale | $795,000 | -- | $265 / Sq Ft |
Source: Minot Multiple Listing Service
Tax History Compared to Growth
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 | $4,733 | $138,500 | $41,500 | $97,000 |
| 2023 | $4,641 | $127,000 | $29,500 | $97,500 |
| 2022 | $4,386 | $119,500 | $29,500 | $90,000 |
| 2021 | $3,923 | $117,000 | $29,500 | $87,500 |
| 2020 | $3,788 | $114,000 | $29,500 | $84,500 |
| 2019 | $3,512 | $104,000 | $29,500 | $74,500 |
| 2018 | $3,376 | $101,000 | $29,500 | $71,500 |
| 2017 | $5,734 | $186,000 | $44,500 | $141,500 |
| 2016 | $6,459 | $259,500 | $44,500 | $215,000 |
| 2015 | $5,948 | $259,500 | $0 | $0 |
| 2014 | $5,948 | $302,000 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Assels
-
Aisha Vadell
Buyer's Agent in 2018
Aisha Vadell
Coldwell Banker 1st Minot Realty
(701) 240-3780
134 Total Sales
Map
Source: Minot Multiple Listing Service
MLS Number: 180601
APN: MI-19091-000-023-0
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