NOT LISTED FOR SALE

109 E Monroe St Rapid City, SD 57701

North Rapid City Neighborhood

Estimated Value: $240,000 - $257,000

4 Beds
2 Baths
2,028 Sq Ft
$123/Sq Ft Est. Value

Sale Details

Date Sold: March 2, 2018

Last sale price $137,800 $68 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $1,572 / mo

4 Days on Market

Highlights

  • Public Water Access
  • Separate Formal Living Room
  • Garage
  • City View
  • Baseboard Heating

About This Home

As of March 2018

Listed by Jeremy Kahler 381-7500. Well cared for duplex offering great investment opportunity! Upper level features spacious two bedrooms, full bath, kitchen (with laundry) and living room. The lower level is a two bedroom, full bath, kitchen, laundry room, huge storage closet and living room with a separate entrance. Tenants pay electric 50/50, owner pays water/sewer/trash bill. There is a detached 2 car garage that tenants share. Residential Demand Controller Program with BHP saves you money on your utilities! Kitchen appliances included in both units! Buy as an investment property or live in one and rent the other. Easy commute to shopping, restaurants and places of employment.

Last Agent to Sell the Property

JEREMY KAHLER

INACTIVE OFFICE Listed on: 01/25/2018

INACTIVE OFFICE

Last Buyer's Agent

Tony Marshall

CINC REALTY LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,734

Year Built

  • Built in 2008

Lot Details

  • 5,227

Parking

  • Garage

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Hardboard

Interior Spaces

  • 2,028 Sq Ft Home
  • Separate Formal Living Room
  • City Views
  • Fire and Smoke Detector
  • Basement

Outdoor Features

  • Public Water Access

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Public Septic

Community Details

Overview

  • 2 Units
  • Wise Add Subdivision

Building Details

  • Insurance Expense $550
  • Water Sewer Expense $100
  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,734

Year Built

Built in 2008

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Up & Down
  • Lvt Date: 01/25/2018
  • View: City
  • Year Built: 2008
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Central Water Heater, Dead Bolt Locks
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Community Entrance
  • Main Level Sq Ft: 1014
  • Total Sq Ft: 2028

Exterior Features

  • Construction: Hardboard
  • Foundation: Basement, Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Garage

Utilities

  • Air Conditioner: Wall
  • Heating: Electric, Baseboard
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 550
  • Total Expenses: 4865.92
  • Water Sewer Expenses: $100

Lot Info

  • Lot Size: .12
  • Lot Type: Flat
  • Zoning: Non-conforming

Rental Info

  • Type of Tenancy: Month to Month
  • Who Pays Electricity: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2017
  • Taxes: 2,734.32

Multi Family

  • Number Of Units: 2
  • Vacancy Rate: 0 - 5%
  • Unit Features: All Units, Window Coverings, Formal Living Room, Kit/DR Combo, Inside Utility Room

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2018
Closed on
Feb 20, 2018
Bought by
Cjc Llc
Seller's Agent
JEREMY KAHLER
INACTIVE OFFICE
Buyer's Agent
Tony Marshall
CINC REALTY LLC
List Price
$149,900
Sold Price
$137,800
Premium/Discount to List
-$12,100
-8.07%
Current Estimated Value
$249,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,569
Avg. Annual Appreciation
7.57%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Cjc Llc $137,800 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/02/2018 03/02/18 Sold $137,800 -8.1% $68 / Sq Ft
01/29/2018 01/29/18 Pending -- -- --
01/25/2018 01/25/18 For Sale $149,900 -4.8% $74 / Sq Ft
08/28/2015 08/28/15 Sold $157,500 -7.3% -- View Prior Sale
07/09/2015 07/09/15 Pending -- -- --
06/15/2015 06/15/15 For Sale $169,900 -- --
Source: Black Hills Association of REALTORS®

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
2025 $3,110 $232,800 $30,100 $202,700
2024 $2,801 $204,800 $30,100 $174,700
2023 $3,255 $230,200 $23,500 $206,700
2022 $2,809 $185,000 $21,300 $163,700
2021 $2,548 $153,200 $22,800 $130,400
2020 $2,530 $147,200 $22,800 $124,400
2019 $2,403 $138,600 $22,800 $115,800
2018 $2,750 $137,800 $22,800 $115,000
2017 $2,804 $161,600 $22,800 $138,800
2016 $3,132 $155,200 $22,800 $132,400
2015 $3,132 $165,100 $26,000 $139,100
2014 $3,006 $154,200 $26,000 $128,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    JEREMY KAHLER

    INACTIVE OFFICE

    Section Image
  • Tony Marshall

    Buyer's Agent in 2018

    Tony Marshall

    CINC REALTY LLC

    (605) 391-8669

    11 in this area

    83 Total Sales

    Tony Marshall
    Section Image
  • Irina Lewis

    Seller's Agent in 2015

    Irina Lewis

    COLDWELL BANKER BLACK HILLS LEGACY

    (605) 391-2329

    3 in this area

    22 Total Sales

    Irina Lewis
    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 137414

Black Hills Association of REALTORS®

APN: 0057061

South Dakota Pennington County Rapid City 57701 North Rapid City

109 E Monroe St, Rapid City, SD

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Black Hills Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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