NOT LISTED FOR SALE

110 N Douglas St Elk Point, SD 57025

Estimated Value: $584,599

5 Beds
7 Baths
9,604 Sq Ft
$61/Sq Ft Est. Value

Sale Details

Date Sold: December 13, 2023

Last sale price $700,000 $73 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $3,471 / mo

9 Days on Market

About This Home

As of December 2023

Located in Elk Point, South Dakota, this value add multifamily property is composed of two eight unit buildings with four studio apartments and twelve one bedroom apartments. The owner is responsible for utilities, however they utilize a rent utility bill back system (RUBS) to increase the NOI.

Last Agent to Sell the Property

Nic Madsen

Gateway Real Estate Advisors Listed on: 10/18/2023

Last Buyer's Agent

Haley Markle

Coldwell Banker Associated Brokers

Coldwell Banker Associated Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1969

Lot Details

  • 29,621 Sq Ft Lot

Home Design

  • 9,604 Sq Ft Home

Community Details

  • 16 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 03.01.04.1015

Property Details

Home Type

Multi-Family

Year Built

Built in 1969

Lot Details

0.68 Acres

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Legal Description: 03.01.04.1015 and 03.01.14.1020
  • Year Built: 1969
  • Audio Surveillance: No
  • Current Leases Available: Yes
  • Video Surveillance: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 9604
  • Main Level Sq Ft: 4802
  • Sq Ft Below Grade Finishe: 4802

Garage/Parking

  • Internet: No

Utilities

  • Coin Operated Laundry: Yes

Lot Info

  • Acres: 0.68
  • Parcel Number: 03.01.04.1015
  • Zoning: NADC

Rental Info

  • Paid By Electric: Owner
  • Paid By Gas: Owner
  • Paid By Water: Owner

Multi Family

  • Electric Separate By Unit: Yes
  • Heat Separate By Unit: Yes
  • Number Of Units: 16
  • Water Separate By Unit: Yes

Tax Info

  • Year: 2023

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2023
Closed on
Nov 30, 2023
Sold by
Bought by
Seller's Agent
Nic Madsen
Gateway Real Estate Advisors
Buyer's Agent
Haley Markle
Coldwell Banker Associated Brokers
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Current Estimated Value
$584,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$115,401
Avg. Annual Appreciation
-6.90%

Purchase Details

Closed on
Dec 1, 2022
Sold by
Bought by
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$700,000 --
$520,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/13/2023 12/13/23 Sold $700,000 -6.7% $73 / Sq Ft
10/27/2023 10/27/23 Pending -- -- --
10/18/2023 10/18/23 For Sale $750,000 -- $78 / Sq Ft
Source: Northwest Iowa Regional Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,753 $195,161 $27,000 $168,161
2024 $3,274 $167,134 $27,000 $140,134
2023 $3,486 $162,634 $22,500 $140,134
2022 $3,595 $162,634 $22,500 $140,134
2021 $3,684 $162,634 $22,500 $140,134
2020 $3,595 $162,634 $22,500 $140,134
2019 $3,512 $162,634 $22,500 $140,134
2018 $3,524 $162,634 $22,500 $140,134
2017 $3,599 $162,634 $0 $162,634
2016 $3,957 $162,634 $0 $162,634
2015 $3,957 $162,634 $0 $162,634
2014 $4,091 $162,634 $0 $162,634
2013 $4,044 $162,634 $0 $162,634
2012 $4,044 $162,634 $22,500 $140,134
Source: Public Records

Agents Affiliated with this Home

  • Nic Madsen

    Seller's Agent in 2023

    Nic Madsen

    Gateway Real Estate Advisors

    (712) 540-6562

    143 Total Sales

    Nic Madsen
    Section Image
  • Haley Markle

    Buyer's Agent in 2023

    Haley Markle

    Coldwell Banker Associated Brokers

    (712) 898-7660

    44 Total Sales

    Haley Markle
    Section Image
  • Chris Delfs

    Buyer Co-Listing Agent in 2023

    Chris Delfs

    Keller Williams Siouxland

    (712) 490-3163

    103 Total Sales

    Chris Delfs
    Section Image
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 822653

Northwest Iowa Regional Board of REALTORS®

APN: 03.01.04.1015

South Dakota Union County Elk Point 51041

110 N Douglas St, Elk Point, SD

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Iowa Regional Board of REALTORS® Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.

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