NOT LISTED FOR SALE

505 22nd Ave NW Minot, ND 58703

Estimated Value: $257,000 - $297,188

18 Beds
12 Baths
3,001 Sq Ft
$92/Sq Ft Est. Value

Last Sold July 02, 2019

Current estimated payment $1,823/month

6 Days on Market

Highlights

  • Shed
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of July 2019

Great investment opportunity! 6-2 bedroom units & 6-1 bedroom units. The current rent is very low, could be increased in my opinion. The 6 garages rent for $50.00 per month. Property is managed by 1st Minot Management. New pavement was just laid down and property is neat and clean and is a good money maker. Don't miss out on this property. P & L Statement in Associated Docs.

Last Agent to Sell the Property

Jerry Thomas

Coldwell Banker 1st Minot Realty License #7472 Listed on: 06/13/2019

Coldwell Banker 1st Minot Realty

Last Buyer's Agent

Lorell Seibold

Coldwell Banker 1st Minot Realty License #6972

Coldwell Banker 1st Minot Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,307

Year Built

  • Built in 1955

Lot Details

  • 0.62

Home Design

  • Concrete Foundation

Interior Spaces

  • 3,001 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 12 Bathrooms

Parking

  • 6 Car Garage
  • Workshop in Garage
  • Garage Door Opener
  • Driveway

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Shed
  • 0.62 Acre Lot

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number MI11.173.000.0141

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,307

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 1
  • Age: 50+
  • Flooded: No
  • FILLYEARBUILT: 1955
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Number Of Bedrooms: 18
  • Bathrooms: 12
  • Appliances: Refrigerator, Range/Oven, Other/See Remarks
  • Has Basement: None
  • Foreclosure: No
  • Sq Ft Above Ground: 3001+
  • Basement Type: Other

Exterior Features

  • Exterior: Shed
  • Foundation: Concrete

Garage/Parking

  • Driveway: Paved
  • Garage 1: D4
  • Garage 2: D2
  • Garage Capacity: 6
  • Garage Features: Sheet Rock, Work Shop, Opener, Lights

Utilities

  • Average Monthly Cost of Heat: 22.78/unit
  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Hot Water: City

Condo/Co-op/Association

  • Units in Building: 12

Schools

  • School District: Lewis & Clark
  • School District: Lewis & Clark

Lot Info

  • Acres: Less
  • Lot Size: 27,200 sq ft
  • Number of Acres: 0.62
  • Zoning: R3B

Tax Info

  • Assessor Parcel Number: MI11.173.000.0141
  • Taxes: 3307.20
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2024
Sold by
Semerikov Larry and Semerikov Klaudia
Bought by
Ls Rentals Llc
Current Estimated Value
$268,107

Purchase Details

Listed on
Jun 13, 2019
Closed on
Jul 2, 2019
Sold by
Fried Robert E and Fried Mavis E
Bought by
Semerikov Larry and Semerikov Klaudia
Seller's Agent
Jerry Thomas
Coldwell Banker 1st Minot Realty
Buyer's Agent
Lorell Seibold
Coldwell Banker 1st Minot Realty
List Price
$269,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.88%
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
Ls Rentals Llc -- None Listed On Document
Semerikov Larry $245,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Semerikov Larry $538,215
Previous Owner Semerikov Larry $128,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2019 07/02/19 Sold -- -- --
06/19/2019 06/19/19 Pending -- -- --
06/13/2019 06/13/19 For Sale $269,900 -- $90 / 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 $4,340 $127,000 $54,500 $72,500
2023 $5,495 $125,500 $54,500 $71,000
2022 $5,138 $120,500 $54,500 $66,000
2021 $4,972 $119,500 $54,500 $65,000
2020 $4,864 $116,500 $54,500 $62,000
2019 $4,195 $94,000 $54,500 $39,500
2018 $4,190 $94,000 $54,500 $39,500
2017 $4,853 $122,500 $68,000 $54,500
2016 $4,763 $147,000 $68,000 $79,000
2015 $3,365 $147,000 $0 $0
2014 $3,365 $163,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Minot Multiple Listing Service

MLS Number: 191372

Minot Multiple Listing Service

APN: MI-11173-000-014-1