NOT LISTED FOR SALE

2525 2nd Ave SW Minot, ND 58701

Estimated Value: $144,000 - $189,000

4 Beds
2 Baths
1,201 Sq Ft
$137/Sq Ft Est. Value

Last Sold March 31, 2022

Current estimated payment $1,077/month

9 Days on Market

Highlights

  • Shed
  • Forced Air Heating System
  • 4-minute walk to Leach Park
  • 1-Story Property
  • Washer and Dryer

About This Home

As of March 2022

ATTENTION INVESTORS! When an investment opportunity knocks, now is the time to answer. You won't want to miss out on this desirable single level side by side duplex with easy access to Marketplace Foods, Leach Park, and the 83 Bypass. Each unit features 2 nice sized bedrooms, 1 bathroom, and an open concept kitchen, dining area, and living room. There are many updates throughout this duplex. As an added bonus, each unit has its own washer and dryer hook-ups. The yard space on this duplex is ideal for tenants to utilize- the lot is 80' x 187'. Unit 2525 currently rents for $650/month and Unit 2527 currently rents for $575/month. Call today to set up a showing and add this great property to your investment portfolio!

Last Agent to Sell the Property

Angela Simonson

BROKERS 12, INC. Listed on: 02/18/2022

Last Buyer's Agent

DeLynn Weishaar

BROKERS 12, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,052

Year Built

  • Built in 1959

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 80' x 187'

Parking

  • Gravel Driveway

Home Design

  • Duplex
  • Concrete Foundation

Interior Spaces

  • 1,201 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Oven or Range
  • Washer and Dryer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 1,344 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number MI22.057.080.0100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,052

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 1
  • Age: 50+
  • Flooded: Yes-R
  • FILLYEARBUILT: 1959
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Number Of Bedrooms: 4
  • Bathrooms: 2
  • Appliances: Refrigerator, Range/Oven, Washer and Dryer
  • Has Basement: Crawl
  • Fireplace: No
  • Foreclosure: No
  • Price Per S Q F T: 96.73
  • Sq Ft Above Ground: 1201-1500
  • Basement Type: Duplex

Exterior Features

  • Exterior: Shed
  • Foundation: Concrete
  • Home Warranty: No

Garage/Parking

  • Driveway: Gravel
  • Garage 1: None
  • Garage 2: None

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Hot Water: City

Condo/Co-op/Association

  • Units in Building: 2

Schools

  • School District: Minot #1
  • School District: Minot #1

Lot Info

  • Acres: Less
  • Lot Size: 80' x 187'
  • Number of Acres: 0.34
  • Zoning: R3B

Rental Info

  • Annual Rent Income: $14,700

Tax Info

  • Assessor Parcel Number: MI22.057.080.0100
  • Taxes: 2,052.03
  • Tax Year: 2021
  • Taxes Exp: $2,052.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Mar 31, 2022
Sold by
Imperial Properties
Bought by
Five And Two Ventures Llc
Seller's Agent
Angela Simonson
BROKERS 12, INC.
Buyer's Agent
DeLynn Weishaar
BROKERS 12, INC.
List Price
$159,900
Sold Price
$130,000
Premium/Discount to List
-$29,900
-18.7%
Total Days on Market
9
Current Estimated Value
$164,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,371
Avg. Annual Appreciation
8.91%
Original Mortgage
$104,000
Outstanding Balance
$92,993
Interest Rate
3.83%
Mortgage Type
New Conventional
Estimated Equity
$77,390

Purchase Details

Closed on
Aug 28, 2014
Sold by
Erickson Carroll W and Erickson Noreen E
Bought by
Imperial Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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
Five And Two Ventures Llc -- None Listed On Document
Imperial Properties -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Five And Two Ventures Llc $104,000
Previous Owner Imperial Properties $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold -- -- --
02/27/2022 02/27/22 Pending -- -- --
02/18/2022 02/18/22 For Sale $159,900 -- $133 / 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 $2,442 $74,000 $30,500 $43,500
2023 $2,351 $71,500 $30,500 $41,000
2022 $2,197 $70,000 $22,500 $47,500
2021 $2,052 $68,000 $22,500 $45,500
2020 $1,959 $65,500 $22,500 $43,000
2019 $1,991 $65,500 $22,500 $43,000
2018 $2,166 $72,000 $22,500 $49,500
2017 $2,025 $73,000 $25,000 $48,000
2016 $1,725 $77,000 $25,000 $52,000
2015 $1,533 $77,000 $0 $0
2014 $1,533 $80,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Angela Simonson

    Seller's Agent in 2022

    Angela Simonson

    BROKERS 12, INC.

    (701) 720-1728

    135 Total Sales

    Angela Simonson
    Section Image
  • DeLynn Weishaar

    Buyer's Agent in 2022

    DeLynn Weishaar

    BROKERS 12, INC.

    (701) 833-7477

    157 Total Sales

    DeLynn Weishaar
    Section Image
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Map

Source: Minot Multiple Listing Service

MLS Number: 220220

Minot Multiple Listing Service

APN: MI-22057-080-010-0

North Dakota Ward County Minot 58701

2525 2nd Ave SW, Minot, ND

This home is located at 2525 2nd Ave SW, Minot, ND 58701 since 18 February 2022 and is currently estimated at $164,371, approximately $136 per square foot. This property was built in 1959. 2525 2nd Ave SW is a home located in Ward County with nearby schools including Perkett Elementary School, Jim Hill Middle School, and Magic City Campus High School.

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