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511 Terrace Drive

511 Terrace Drive, Grand Forks, ND 58201
Property in Grand Forks
Sold Jul 20, 2020
$273,000
$259,350 by First Class Mtg 3 Inc
Mortgage Due Jul 20, 2050
511 Terrace Drive has been categorized by the local assessors in Grand Forks, ND as a residential type of property. The building on the property was first built in 1969 and is 55 years old. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. In addition, 511 Terrace Drive has 2,282 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,000 ft and across the front of the lot is 1,050 ft. The area measurement of the land has been determined as 23,541 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a split level style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. According to our sources, there is one available parking space. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 511 Terrace Drive was last sold in Jul 17, 2020 for $273,000. According to our calculations, that's $119.63 per sqft. Current property owners are expected to pay $4,941 in taxes per year. The property on 511 Terrace Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $155,500. To break that down further, the land itself was valued at $37,500. While improvements to the property were assessed at a total of $118,000. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Style: Split level
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 23,541
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 2,282
  • Gross Building Area: 2,282
  • Building Area: 2,282
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,282
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUNNYSIDE TERRACE ADDITION
  • Land Acres: 0.54
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 511 TERRACE DR. LOT 10 B08

Ownership

  • Current Owner : JONES LEAH D
  • Current Owner 2: JONES CARL W
  • Previous Owner : MARSHALL FT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Grand Forks Public School District 1
  • Census Tract: 011100

Geography

  • District: 44
  • Parcel: 44291300116000
  • Lot: 10
  • Municipality: GRAND FORKS
  • Latitude: 47.8849
  • Longitude: -97.0327

    Address

  • Full Address: 511 Terrace Dr
  • Address - House Number: 511
  • Address - Street Name: Terrace
  • Address - Suffix Type: Dr
  • State: ND
  • City Name: Grand Forks
  • Carrier Code: C031
  • 4-Digit Zip Code: 7660
  • Zip Code: 58201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,941
  • Tax Rate Code Area: 4405

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 340,057
  • High Value: 393,681
  • Low Value: 286,432

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $259,350
  • First Open Lien Mortgage Lender: FIRST CLASS MTG 3 INC
  • First Open Lien Mortgage Recording Date: Jul 20, 2020
  • First Open Lien Mortgage Loan Amount: $259,350
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jul 20, 2050

    Market Valuation

  • Market Total Value: $311,000
  • Market Land Value: $75,000
  • Market Improvement Value: $236,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $155,500
  • Assessed Land Value: $37,500
  • Assessed Improvements Value: $118,000

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Jul 20, 2020
  • Current Sale Transaction ID: 11779287954
  • Current Sale Price: $273,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 803697

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CLASS MTG 3 INC
  • First Mortgage Transaction Date: Jul 20, 2020
  • First Mortgage Loan Amount: $259,350
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Grand Forks



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Frequently Asked Questions

What neighborhood is 511 Terrace Drive located in?
The 511 Terrace Drive is a located in the neighborhood of Grand Forks in Grand Forks, Grand Forks.
What is the average sales price for listings in 511 Terrace Drive?
The average sales price for units in 511 Terrace Drive is $0 currently.

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