NOT LISTED FOR SALE

Estimated Value: $286,000 - $310,000

-- Bed
1 Bath
2,706 Sq Ft
$110/Sq Ft Est. Value

Last Sold June 01, 2022

Current estimated payment $1,956/month

4 Days on Market

Highlights

  • Hot Water Heating System
  • North High School Rated A-
  • Heating System Uses Steam

About This Home

As of June 2022

This CASH FLOWING four plex in North Fargo is looking for a new owner. All units are currently filled and property is professionally managed. Three units have been updated along with a New Roof, windows and drain tile with sump pump in 2020. Schedule your showing today! Owner/Agent, Unit 1 Total Baths: 1, Unit 2 Total Baths: 1, Unit 3 Total Baths: 1, Unit 4 Total Baths: 1, Total Parking Spaces: 4, Income/Expenses: (Total Income: 29640.00, Management: 1680.00, Maintenance: 1200.00, Other: 1368.00)

Last Agent to Sell the Property

Mike Kane

Raboin Realty Listed on: 03/30/2022

Co-Listed By

Brandon Raboin

Raboin Realty

Last Buyer's Agent

Mike Kane

Raboin Realty Listed on: 03/30/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,632

Year Built

  • Built in 1956

Lot Details

  • 7,980 Sq Ft Lot
  • Property is zoned Residential-Multi-Family

Home Design

  • Poured Concrete
  • Asphalt Shingled Roof
  • Vinyl Construction Material

Schools

  • Fargo North High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Steam

Listing and Financial Details

  • Exclusions: Seller Personal Property & Tenant Property
  • Tenant pays for electricity
  • The owner pays for heat
  • Assessor Parcel Number 01310001020000
  • $6,702 per year additional tax assessments

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,632

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Lot Size Acres: 0.18
  • Co List Office Mls Id: 252632
  • Year Built: 1956
  • General Property Information Zoning3: Residential-Multi-Family
  • General Property Information Lot Size SqFt2: 7980.0
  • Location Tax and Other Information Tax Year2: 2022
  • Location Tax and Other Information Tax Amount: 2631.53
  • Location Tax and Other Information In Foreclosure: No
  • Location Tax and Other Information Lender Owned: No
  • General Property Information Year Built2: 1956
  • General Property Information Below Grd Total SqFt: 1353.0
  • General Property Information Total Finished Sqft2: 2706.00
  • Building Information Finished SqFt Above Ground: 1353
  • Building Information Finished SqFt Below Ground: 1353
  • Exterior:Vinyl2: Yes
  • Ownership Fractional Ownership3: No
  • Roof Asphalt Shingles: Yes
  • Unit Details Total Units: 4
  • HeatFuelOil: Yes
  • Basement Poured Concrete: Yes
  • General Property Information Above Ground SqFt: 1353.0
  • Unit 1 Annual Rent: 7260.0
  • Income and Expenses Annual Insurance Expense: 1300.0
  • Income and Expenses Annual Maintenance Expense: 4248.0
  • Location Tax and Other Information High School3: Fargo North
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Owner Pays: Heat
  • Has Basement: Poured Concrete

Exterior Features

  • Exclusions: Seller Personal Property & Tenant Property
  • Roof: Asphalt Shingles

Utilities

  • Heating: Hot Water, Steam
  • Heating Yn: Yes
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
  • Heating:Hot Water: Yes
  • Heating:Steam: Yes

Schools

  • High School: Fargo North

Lot Info

  • Lot Size Sq Ft: 7980.0
  • Parcel #: 01310001020000
  • Zoning: Residential-Multi-Family

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 29640.0
  • Insurance Expense: 1300.0
  • Maintenance Expense: 4248.0

Tax Info

  • Tax Other Annual Assessment Amount: 6702.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2024
Sold by
Northern Sun Properties Llc
Bought by
Danco Enterprises Llc
Current Estimated Value
$298,015

Purchase Details

Listed on
Mar 30, 2022
Closed on
Jun 1, 2022
Sold by
Mi Properties Llc
Bought by
Northern Sun Properties Llc
Seller's Agent
Mike Kane
Raboin Realty
Buyer's Agent
Mike Kane
Raboin Realty
List Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.43%
Original Mortgage
$110,000
Outstanding Balance
$104,652
Interest Rate
5.09%
Mortgage Type
New Conventional
Estimated Equity
$191,841

Purchase Details

Closed on
Jul 20, 2020
Sold by
Cmd Properties Llc
Bought by
Mi Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,640
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 3, 2019
Sold by
Danielson Chase M
Bought by
Cmd Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 1, 2019
Sold by
Borgen William and Borgen Terri
Bought by
Danlelson Chase M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.3%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 28, 2015
Sold by
Oelke Lynn and Harchenko Whitney
Bought by
Borgen William and Borgen Terri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,600
Interest Rate
3.77%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 31, 2008
Sold by
Wahl Duane T and Wahl Jeannette M
Bought by
Oelke Lynn and Harchenko Whitney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,700
Interest Rate
5.96%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
Danco Enterprises Llc $315,000 --
Northern Sun Properties Llc $265,000 Fm Title
Mi Properties Llc $207,050 Title Company Residential
Cmd Properties Llc -- Fm Title
Danlelson Chase M $187,500 Fm Title
Borgen William -- None Available
Oelke Lynn -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Northern Sun Properties Llc $212,000
Previous Owner Mi Properties Llc $165,640
Previous Owner Danlelson Chase M $150,000
Previous Owner Borgen William $175,600
Previous Owner Oelke Lynn $138,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 Off Market -- -- --
06/01/2022 06/01/22 Sold -- -- --
04/04/2022 04/04/22 Pending -- -- --
03/30/2022 03/30/22 For Sale $260,000 -- $96 / Sq Ft
Source: Fargo-Moorhead Area Association of REALTORS®

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 $4,516 $123,700 $14,000 $109,700
2023 $4,162 $112,450 $14,000 $98,450
2022 $3,779 $97,800 $14,000 $83,800
2021 $3,462 $88,900 $14,000 $74,900
2020 $2,921 $85,500 $14,000 $71,500
2019 $2,568 $85,500 $10,000 $75,500
2018 $2,535 $85,500 $10,000 $75,500
2017 $2,182 $73,000 $10,000 $63,000
2016 $2,130 $73,000 $8,000 $65,000
2015 $2,220 $69,000 $8,000 $61,000
2014 $2,022 $60,000 $8,000 $52,000
2013 $1,976 $59,400 $8,000 $51,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Fargo-Moorhead Area Association of REALTORS®

MLS Number: 7368446

APN: 01-3100-01020-000