NOT LISTED FOR SALE

426 Cedar Ave W Forman, ND 58032

Estimated Value: $118,000 - $211,000

-- Bed
-- Bath
3,600 Sq Ft
$46/Sq Ft Est. Value

Last Sold November 06, 2023

Current estimated payment $1,985/month

313 Days on Market

About This Home

As of November 2023

4 Plex Investment Property!Real estate rental properties can be a great source for retirement income. Check out this great 4-plex in Forman ND. Each unit has 2 BR/1 Bath, a washer/dryer hook up. There is a detached 6 stall garage so each unit has one stall and owner will acquire the two middle stalls for storage or could also rent out those garage spaces. They have had a 100% occupancy rate for the last 12 years. This property is centrally located, has installed drain tile system and new metal roof on garage and is 10 minutes from Gwinner, ND. Call for more information., Unit 1 Total Baths: 1, Total Parking Spaces: 4, Income/Expenses: (Total Income: 27840.00, Utilities: 240.00), Unit 1 Living Room: 4, Unit 1 Kitchen: 4

Last Listed By

Jani Fluto

Results Realty, Inc Listed on: 11/07/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,575

Year Built

  • Built in 1999

Lot Details

  • 10,650 Sq Ft Lot
  • Lot Dimensions are 142 x 75
  • Property is zoned Residential-Multi-Family

Parking

  • 6 Car Garage

Home Design

  • 3,600 Sq Ft Home
  • Slab Foundation
  • Asphalt Shingled Roof
  • Metal Roof
  • Vinyl Construction Material

Schools

  • Sargent Central High School

Utilities

  • Baseboard Heating

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 268095000

Community Details

Overview

Building Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,575

Year Built

Built in 1999

Lot Details

0

Parking

6

Listing Details

  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Lot Size: 142 X 75
  • Year Built: 1999
  • Exterior:Vinyl2: Yes
  • Unit 1 Annual Rent: 6960.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Slab
  • Basement:Slab: Yes

Exterior Features

  • Exclusions: None
  • Roof: Asphalt Shingles, Metal

Garage/Parking

  • Garage Spaces: 6.0

Utilities

  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
  • Heating:Baseboard: Yes

Schools

  • High School: Sargent Central

Lot Info

  • Lot Size Sq Ft: 10650.0
  • Parcel #: 268095000
  • Zoning: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Other

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 27840.0
  • Insurance Expense: 2400.0
  • Maintenance Expense: 240.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2022
Closed on
Nov 6, 2023
Sold by
Nelson Jason and Nelson Rachel
Bought by
Schmitz Todd and Nelson Jason
Seller's Agent
Jani Fluto
Results Realty, Inc
Buyer's Agent
Jason Harmon
KW Inspire Realty Keller Williams
List Price
$325,000
Sold Price
$255,000
Premium/Discount to List
-$70,000
-21.54%
Total Days on Market
313
Current Estimated Value
$301,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,500
Avg. Annual Appreciation
-25.63%

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
Schmitz Todd $255,000 Regency Title-Fargo
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2023 11/06/23 Sold -- -- --
09/17/2023 09/17/23 Pending -- -- --
11/07/2022 11/07/22 For Sale $325,000 -- $90 / 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 $3,661 $82,100 $9,500 $72,600
2023 $3,378 $72,750 $0 $0
2022 $3,218 $67,098 $0 $0
2021 $3,649 $77,250 $8,200 $69,050
2020 $3,772 $78,500 $8,200 $70,300
2019 $3,850 $79,050 $8,200 $70,850
2018 $3,527 $79,700 $8,200 $71,500
2017 $3,645 $79,700 $8,200 $71,500
2016 $2,983 $60,917 $1,066 $59,851
2015 $3,048 $60,917 $1,066 $59,851
2014 $2,510 $60,917 $1,066 $59,851
2013 $2,560 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jani Fluto

    Seller's Agent in 2023

    Jani Fluto

    Results Realty, Inc

    (701) 678-3443

    150 Total Sales

    Jani Fluto
    Section Image
  • Jason Harmon

    Buyer's Agent in 2023

    Jason Harmon

    KW Inspire Realty Keller Williams

    (701) 306-2019

    63 Total Sales

    Jason Harmon
    Section Image
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Map

Source: Fargo-Moorhead Area Association of REALTORS®

MLS Number: 7368495

APN: 268095000

North Dakota Sargent County Forman 58032

426 Cedar Ave W, Forman, ND

Homes for Sale in Forman, ND

This home is located at 426 Cedar Ave W, Forman, ND 58032 since 07 November 2022 and is currently estimated at $164,500, approximately $45 per square foot. This property was built in 1999. 426 Cedar Ave W is a home located in Sargent County with nearby schools including Sargent Central Elementary School and Sargent Central High School.

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