$15,000
SOLD SEP 10, 2020
Last list price

708 5th St NE Minot, ND 58703

4 Beds
2 Baths
1,201 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$12 Per Sq Ft

1 Day on Market

About This Home

As of December 2023

UNIQUE OPPORTUNITY TO MAKE FAST EQUITY! Duplex that recently had fire damage on one side. Other unit sustained no damage. Prior to fire, rent was $550 & 500 ($1050 monthly!) Fire was in July 2020. Licensed contractor inspected and concluded there was no damage to the floor joists, wall studs or rafters! Contractor will strip unit to the studs, clean and sanitize for $18,500. With a easy renovation the CAP rate should be well over 10%!

Last Agent to Sell the Property

Mike Assels

NextHome Legendary Properties Listed on: 08/17/2020

NextHome Legendary Properties

Last Buyer's Agent

JENNIFER COOK

Real

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1915

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140

Home Design

  • Duplex
  • Concrete Foundation

Interior Spaces

  • 1,201 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Car Garage
  • Gravel Driveway

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 1,536 Sq Ft Building

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Building Style: 2
  • Age: 50+
  • Flooded: No
  • FILLYEARBUILT: 1915
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1915

Interior Features

  • Number Of Bedrooms: 4
  • Bathrooms: 2
  • Appliances: Refrigerator, Range/Oven
  • Has Basement: Unfinished, Full
  • Fireplace: No
  • Price Per S Q F T: 11.72
  • Sq Ft Above Ground: 1201-1500
  • Basement Type: Duplex

Exterior Features

  • Exterior: Deck, Porch
  • Foundation: Concrete
  • Home Warranty: No

Garage/Parking

  • Driveway: Gravel
  • Garage 1: D2
  • Garage 2: None
  • Garage Capacity: 2

Utilities

  • Heating: Forced Air, Natural Gas
  • Sewer: City
  • Hot Water: City

Condo/Co-op/Association

  • Units in Building: 2

Schools

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

Lot Info

  • Acres: Less
  • Lot Size: 50x140
  • Number of Acres: 0.16
  • Zoning: R1

Rental Info

  • Annual Rent Income: 12,600

Tax Info

  • Taxes: 1300 (est)
  • Tax Year: 2020
  • Taxes Exp: 1300 (est)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2023
Closed on
Dec 1, 2023
Sold by
Nodakco Properties Llc
Bought by
Manderle Christian
Seller's Agent
JENNIFER COOK
Real
Buyer's Agent
Lori Henderson
Preferred Partners Real Estate
List Price
$220,000
Sold Price
$215,000
Premium/Discount to List
-$5,000
-2.27%
Total Days on Market
1
Views
112
Current Estimated Value
$218,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,764
Avg. Annual Appreciation
-1.09%
Original Mortgage
$218,772
Outstanding Balance
$216,117
Interest Rate
7.63%
Mortgage Type
VA
Estimated Equity
-$4,610

Purchase Details

Closed on
Mar 8, 2021
Sold by
Ortega Jacquelyn
Bought by
Nodakco Properties Llc

Purchase Details

Listed on
Aug 17, 2020
Closed on
Sep 10, 2020
Sold by
Dk Ventures I
Bought by
Ortega Jacquelyn
Seller's Agent
Mike Assels
NextHome Legendary Properties
Buyer's Agent
JENNIFER COOK
Real
List Price
$15,000
Sold Price
$18,000
Premium/Discount to List
$3,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.54%

Purchase Details

Closed on
Mar 24, 2008
Sold by
Schiele Family Ltd Partnership
Bought by
N & D Properties Llp
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed $215,000 None Listed On Document
Quit Claim Deed -- None Listed On Document
Warranty Deed $18,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $218,772 VA
Previous Owner $37,324 Unknown
Previous Owner $65,600 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold -- -- --
08/21/2023 08/21/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $220,000 +1366.7% $147 / Sq Ft
09/10/2020 09/10/20 Sold -- -- --
08/18/2020 08/18/20 Pending -- -- --
08/17/2020 08/17/20 For Sale $15,000 -- $12 / 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 $3,091 $100,500 $14,000 $86,500
2023 $2,861 $87,000 $11,500 $75,500
2022 $1,789 $57,000 $11,500 $45,500
2021 $1,630 $54,000 $11,500 $42,500
2020 $2,767 $40,500 $11,500 $29,000
2019 $1,580 $52,000 $11,500 $40,500
2018 $2,286 $76,000 $11,500 $64,500
2017 $1,665 $60,000 $16,000 $44,000
2016 $1,355 $60,500 $16,000 $44,500
2015 $1,469 $60,500 $0 $0
2014 $1,469 $60,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Minot Multiple Listing Service

MLS Number: 201687

Minot Multiple Listing Service

APN: MI-13387-020-004-0