525 7th Ave E West Fargo, ND 58078
Eastwood NeighborhoodEstimated Value: $329,000 - $353,486
6
Beds
3
Baths
3,432
Sq Ft
$99/Sq Ft
Est. Value
Highlights
- Newly Remodeled
- Baseboard Heating
- 4-minute walk to Hulbert Aquatic Center
About This Home
As of May 2023Tremendous cash flow. This three plex has been completely updated in the last year and is fully rented for $2,925/month. Too many updates to list. Don't miss this great investment opportunity to add to or start building your portfolio. Locate in a quiet and growing neighborhood, walking distance to the Hulbert Aquatic Center and Eastwood Elementary and just blocks from the booming downtown West Fargo area, you won't want to miss this one!, Unit 1 Total Baths: 1, Unit 2 Total Baths: 1, Unit 3 Total Baths: 1, Total Parking Spaces: 4, Income/Expenses: (Total Income: 35400.00, Management: 2832.00, Utilities: 1800.00, Maintenance: 1500.00, NOI: 28068.00), Unit 2 Kitchen: YES, Unit 3 Kitchen: YES, Unit 1 Kitchen: YES
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,919
Year Built
- Built in 1970 | Newly Remodeled
Lot Details
- 7,841
Parking
- 2 Car Garage
Home Design
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Utilities
- Baseboard Heating
- Hot Water Heating System
Additional Features
- Basement
Community Details
- 3 Units
Listing and Financial Details
- Tenant pays for electricity
- The owner pays for electricity
- Assessor Parcel Number 02030001080000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 9, 2023
Closed on
May 19, 2023
Sold by
Killian Jenine and Teigen Jenine
Bought by
Gutormson Kurt and Hanson Sharon
Seller's Agent
Josh Teigen
eXp Realty (3120 FGO)
Buyer's Agent
Cole Wittrock
REAL (3064 FGO)
List Price
$324,000
Sold Price
$324,000
Total Days on Market
41
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
$17,243
Avg. Annual Appreciation
2.61%
Purchase Details
Listed on
Jun 11, 2021
Closed on
Oct 1, 2021
Sold by
Veteran Investment Group Llp
Bought by
Killian Jenine
Seller's Agent
Dane Fuglestad
REALTY XPERTS
Buyer's Agent
Tracy Green
eXp Realty (3120 FGO)
List Price
$206,000
Sold Price
$206,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.03%
Original Mortgage
$202,268
Interest Rate
2.8%
Mortgage Type
FHA
Purchase Details
Listed on
Mar 28, 2017
Closed on
May 12, 2017
Sold by
Shipyard Properties Llp
Bought by
Veteran Investment Group Llp
Seller's Agent
Member Non
NON MEMBER FILE
Buyer's Agent
Member Non
NON MEMBER FILE
List Price
$145,000
Sold Price
$145,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.33%
Original Mortgage
$232,000
Interest Rate
4.14%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 6, 2011
Sold by
Boutwell Chastity D and Boutwell Jason R
Bought by
Shipyard Properties Llp
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,092
Interest Rate
4.11%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 15, 2005
Sold by
Chaswell Enterprises Llc
Bought by
Ftk Properties Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gutormson Kurt | $324,000 | Fm Title | |
| Killian Jenine | -- | None Listed On Document | |
| Veteran Investment Group Llp | $290,000 | Regency Title | |
| Shipyard Properties Llp | $122,900 | Fm Title | |
| Ftk Properties Llc | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gutormson Kurt | $255,500 | |
| Previous Owner | Killian Jenine | $202,268 | |
| Previous Owner | Veteran Investment Group Llp | $147,000 | |
| Previous Owner | Veteran Investment Group Llp | $232,000 | |
| Previous Owner | Killian Jenine | $202,268 | |
| Previous Owner | Shipyard Properties Llp | $101,092 | |
| Previous Owner | Chaswell Enterprises Llc | $30,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/19/2023 05/19/23 | Sold | -- | -- | -- |
| 04/19/2023 04/19/23 | Pending | -- | -- | -- |
| 03/09/2023 03/09/23 | For Sale | $324,000 | +57.3% | $94 / Sq Ft |
| 10/01/2021 10/01/21 | Sold | -- | -- | -- |
| 09/01/2021 09/01/21 | Pending | -- | -- | -- |
| 06/11/2021 06/11/21 | For Sale | $206,000 | +42.1% | $60 / Sq Ft |
| 05/12/2017 05/12/17 | Sold | -- | -- | -- |
| 04/12/2017 04/12/17 | Pending | -- | -- | -- |
| 03/28/2017 03/28/17 | For Sale | $145,000 | -- | $84 / Sq Ft |
Source: NorthstarMLS
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 | $4,056 | $150,150 | $16,800 | $133,350 |
| 2023 | $3,213 | $117,700 | $16,800 | $100,900 |
| 2022 | $3,094 | $108,150 | $16,800 | $91,350 |
| 2021 | $2,500 | $82,750 | $12,200 | $70,550 |
| 2020 | $2,424 | $80,950 | $12,200 | $68,750 |
| 2019 | $2,302 | $78,350 | $12,200 | $66,150 |
| 2018 | $2,225 | $79,200 | $12,200 | $67,000 |
| 2017 | $2,164 | $79,250 | $12,200 | $67,050 |
| 2016 | $1,819 | $73,250 | $12,200 | $61,050 |
| 2015 | $1,543 | $56,450 | $12,550 | $43,900 |
| 2014 | $1,510 | $52,750 | $12,550 | $40,200 |
| 2013 | $1,487 | $52,750 | $12,550 | $40,200 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Teigen
J
Seller's Agent in 2023
Josh Teigen
eXp Realty (3120 FGO)
(701) 412-7151
2 in this area
10 Total Sales
-
Tracy Green
T
Seller Co-Listing Agent in 2023
Tracy Green
eXp Realty (3120 FGO)
4 in this area
57 Total Sales
-
Cole Wittrock
C
Buyer's Agent in 2023
Cole Wittrock
REAL (3064 FGO)
(701) 715-0697
2 in this area
231 Total Sales
-
Dane Fuglestad
D
Seller's Agent in 2021
Dane Fuglestad
REALTY XPERTS
(701) 361-6135
5 in this area
152 Total Sales
-
Erik Wall
Seller Co-Listing Agent in 2021
Erik Wall
eXp Realty (3523 FGO)
2 in this area
120 Total Sales
-
M
Seller's Agent in 2017
Member Non
NON MEMBER FILE
Map
Source: NorthstarMLS
MLS Number: 7368513
APN: 02-0300-01080-000
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