203 7th St S, Moorhead, MN 56560

5 beds, 2 baths, 4,984 sqft
For Sale
$249,000
Zestimate®: $210,805
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View website: http://2037thstreetsouth.AgentMarketing.com - This beautiful 5-bedroom, 2-bathroom, 3 story home is waiting for your contractor expertise to finish the remodel. Seller must move out of state and has to leave tons of equity on the table - FOR YOU. After vandalism, this amazing home was partially restored, but the seller has run out of time. After repair value is estimated to be well over $500,000 and estimated repairs are only about $75,000. This is an excellent opportunity for a fix-n-flip with about $200K in equity that you can make. The main floor features a living room and family room, eat-in kitchen, and separate dining room. The kitchen has been partially remodeled, so would need minimal work. There are two separate entrances as well. The 2nd floor features 5 large bedrooms and 2 full bathrooms. Four of the bedrooms have been remodeled with refinished floors and new paint. One bathroom is fully remodeled and the other is partially finished. Master bedroom has a large balcony. All new windows and new steel entry doors have been installed, so you won't have to go to that expense. The property also has a full fenced yard, shed, which will convey, and a 2-car driveway. Note that the basement and attic have not been completed, so await your finishing touches to get the highest and best value out of this gem. Note that zoning allows for multiple uses. Contact Melissa for more information and to schedule a showing.  MoreLess
Facts
  • Lot: 8,140 sqft
  • Single Family
  • Built in 1910
  • 60 days on Zillow
  • Last sold: Sep 2012 for $125,000
  • Price/sqft: $25
  • MLS #: eps-1320238255-1404405966
Other
  • Floor size: 4,984 sqft
  • Parcel #: 585751791
  • Zillow Home ID: 89312117
Home Values
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$210,805
+$8,389 Last 30 daysd
$183K
$247K
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$1,319/mo
-$6 Last 30 daysd
$1.1K
$1.9K
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Neighborhood for 203 7th St S

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Zillow predicts 56560 home values will increase 2% next year, compared to a 2% increase for Moorhead as a whole. Among 56560 homes, this home is 56.7% more expensive than the midpoint (median) home, but is priced 57% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 56560 market, the number of foreclosures waiting to be sold decreased 26.2% in the last year. The number of unsold foreclosures is 20.5% less than in Moorhead, and 7.5% less than the national average. This lower local number could help 56560 home values rise more quickly than other regions in Moorhead.

Learn more about forecast calculations or 56560 home values.
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