NOT LISTED FOR SALE

611 3rd St NW Minot, ND 58703

Estimated Value: $645,200 - $761,000

16 Beds
16 Baths
3,001 Sq Ft
$228/Sq Ft Est. Value

Last Sold January 09, 2018

Current estimated payment $4,670/month

183 Days on Market

About This Home

As of January 2018

2014 built 8-Plex Investment Property available and only a block away from MSU. Each unit is 920 sq. ft. with an ample sized living room, kitchen and dining area along with 2 bedrooms, 2 bathrooms and each unit has a laundry room with washer and dryer supplied. Each unit has two parking spaces along with plug-ins and the building is security keyed. 100% occupied as of May 23, 2017.

Last Agent to Sell the Property

MARK BICKLER

BROKERS 12, INC. Listed on: 05/02/2017

Last Buyer's Agent

Neil Gush

Preferred Partners Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,491

Year Built

  • Built in 2014

Lot Details

  • Lot Dimensions are 120'x140'
  • Sprinkler System

Parking

  • Driveway

Home Design

  • Concrete Foundation

Interior Spaces

  • 3,001 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 16 Bathrooms

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number MI14.259.030.0020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,491

Year Built

Built in 2014

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 2
  • Age: 1-5
  • Flooded: No
  • FILLYEARBUILT: 2014
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2014

Interior Features

  • Number Of Bedrooms: 16
  • Bathrooms: 16
  • Appliances: Dishwasher, Refrigerator, Range/Oven, Other/See Remarks
  • Fireplace: No
  • Sq Ft Above Ground: 3001+
  • Basement Type: Other

Exterior Features

  • Exterior: Sprinkler
  • Foundation: Concrete

Garage/Parking

  • Driveway: Concrete
  • Garage 1: None
  • Garage 2: None
  • Heat Exp: Tenant Pay

Utilities

  • Air Conditioner: Wall
  • Heating: Electric
  • Sewer: City
  • Hot Water: City
  • Electric Expense: $1372
  • Water Trash Expense: $5223

Condo/Co-op/Association

  • Units in Building: 8

Schools

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

Lot Info

  • Acres: Less
  • Lot Size: 120'x140'
  • Zoning: R3B

Tax Info

  • Assessor Parcel Number: MI14.259.030.0020
  • Taxes: $8491
  • Tax Year: 2015
  • Taxes Exp: $8491

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2017
Closed on
Jan 9, 2018
Sold by
Nissen Ronald and Nissen Amy
Bought by
Bnc Real Estate & Investements Llp
Seller's Agent
MARK BICKLER
BROKERS 12, INC.
Buyer's Agent
Neil Gush
Preferred Partners Real Estate
List Price
$775,000
Sold Price
$550,000
Premium/Discount to List
-$225,000
-29.03%
Total Days on Market
183
Current Estimated Value
$685,400

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,400
Avg. Annual Appreciation
3.35%
Original Mortgage
$412,500
Outstanding Balance
$352,582
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$349,011

Purchase Details

Closed on
Jul 17, 2007
Sold by
Hauge Kyle Jean and Hauge Bryce
Bought by
Loose Victor R and Loose Lisa R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,900
Interest Rate
6.54%
Mortgage Type
Commercial
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
Bnc Real Estate & Investements Llp $550,000 None Available
Loose Victor R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bnc Real Estate & Investements Llp $412,500
Previous Owner Nissen Ron $800,000
Previous Owner Loose Victor R $220,400
Previous Owner Loose Victor R $72,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2018 01/09/18 Sold -- -- --
11/01/2017 11/01/17 Pending -- -- --
05/02/2017 05/02/17 For Sale $775,000 +1008.7% $258 / Sq Ft
10/29/2012 10/29/12 Sold -- -- --
08/29/2012 08/29/12 Pending -- -- --
08/24/2012 08/24/12 For Sale $69,900 -- $47 / 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 $9,860 $288,500 $42,000 $246,500
2023 $11,126 $304,500 $33,500 $271,000
2022 $9,030 $259,000 $33,500 $225,500
2021 $8,114 $242,000 $33,500 $208,500
2020 $7,909 $238,000 $33,500 $204,500
2019 $7,564 $224,000 $33,500 $190,500
2018 $7,454 $223,000 $33,500 $189,500
2017 $8,705 $239,000 $42,000 $197,000
2016 $9,401 $324,000 $42,000 $282,000
2015 $1,340 $324,000 $0 $0
2014 $1,340 $75,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Minot Multiple Listing Service

MLS Number: 170976

Minot Multiple Listing Service

APN: MI-14259-030-002-0