For SaleRisky Deal30 days on market
505 8th Ave SE
505 8th Ave SE, Minot, ND 58701, Minot, ND 58701
$595,000
Estimate®:$563,900
Listing Price
505 8th Ave SE, Minot, ND 58701
Loc: Minot, ND
Days Listed
30
Tax Assessed
$478k
Estimate®
$564k
Market Rate
Lot Size
0.76 acres
Rent Estimate
$4,152/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Sunnyside Elementary School
K-5
0.4 mi away
5
Jim Hill Middle School
6-8
0.8 mi away
6
Minot High School
9-12
1.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
modernasymmetricalstucco exteriorbrick accentsattached garagearched entrywaypaver drivewaylandscapedcontemporaryunique rooflinelarge boulderwell-maintainedsuburban
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
5.29%
Total ROI
73.9%
Cash Flow
$-463/mo
DSCR
0.85
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-463/mo net cash flow with a 5.3% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Minot, ND
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-08-24 | Listed for sale | $595,000 | $122 |
| 2026-03-19 | Listing removed | $3,950 | $1 |
| 2026-03-15 | Listed for rent | $3,950 | $1 |
| 2024-07-12 | Sold | $0 | – |
| 2024-05-15 | Contingent | $540,000 | $110 |
| 2024-05-11 | Listed for sale | $540,000 | $110 |
| 2018-10-01 | Sold | $0 | – |
| 2018-05-31 | Pending sale | $325,000 | $66 |
| 2018-05-10 | Listed for sale | $325,000 | $66 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $0 | $478,000 |
| 2024 | $5,792.79 | $429,000 |
| 2023 | $6,592 | $422,000 |
| 2022 | $0 | $398,000 |
| 2021 | $5,418.28 | $378,000 |
| 2019 | $5,592.31 | $0 |
| 2018 | $5,762.98 | $182,000 |
| 2017 | $6,936.61 | $237,500 |
| 2016 | $5,455.02 | $243,500 |
| 2015 | $6,083.4 | $243,500 |
| 2014 | $6,083.4 | $226,000 |
| 2013 | $0 | $238,350 |
| 2012 | $0 | $223,200 |
| 2011 | $0 | $203,750 |
| 2010 | $0 | $199,050 |
| 2009 | $5,883.92 | $186,450 |
| 2008 | $6,873.86 | $181,300 |
| 2007 | $0 | $178,100 |
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