NOT LISTED FOR SALE

1115 W Main St Vermillion, SD 57069

Estimated Value: $267,000 - $410,000

8 Beds
5 Baths
2,464 Sq Ft
$127/Sq Ft Est. Value

Last Sold March 29, 2021

Last sale price $220,000 $89 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,055/month

1 Day on Market

Highlights

  • 0.67 Acre Lot
  • Forced Air Heating and Cooling System
  • Level Lot

About This Home

As of March 2021

Here's your opportunity for multi unit investment at low entry cost. 1121 W Main is rented until 2022 for $700/mo, 1115 W Main is currently rented for $775/mo but tenant is leaving by April, 2021. 1117 W Main is currently rented for $800/mo. Duplex is 3 bed, 2 bath and laundry each side, single family home is 2 bed, 1 bath and laundry. According to City of Vermillion, the properties must be sold together. Second parcel is 15810-02800-030-01 1121 W Main was built in 1900 and has 1023 sq feet finished.

Last Agent to Sell the Property

Michelle Maloney

Maloney Real Estate Listed on: 03/01/2021

Last Buyer's Agent

Matt Olson

Premier Real Estate and Property Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,737

Year Built

  • Built in 1994

Lot Details

  • 0.67 Acre Lot
  • Level Lot

Home Design

  • 2,464 Sq Ft Home

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 15810-02800-030-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,737

Year Built

Built in 1994

Lot Details

0.67 Acres

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Property Features: Level Lot
  • Legal Description: E 72' REPLAT LOT 3 BLOCK 28 VAN METERS and W 60' REPLAT LOT 3 BLK 28 VAN METERS Addition to the City of Vermillion, Clay Co, SD
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2464
  • Main Level Sq Ft: 1232
  • Sq Ft Below Grade Finishe: 1232

Garage/Parking

  • Driveway: Crushed Rock

Utilities

  • Air Conditioning Type: Central
  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Type: City
  • Water Type: City

Lot Info

  • Acres: 0.67
  • Lot Sq Ft: 29376
  • Parcel Number: 15810-02800-030-00

Rental Info

  • Paid By Electric: Tenant
  • Paid By Gas: Tenant
  • Paid By Water: Tenant

Tax Info

  • Gross Taxes: 4737

Multi Family

  • Electric Separate By Unit: Yes
  • Heat Separate By Unit: Yes
  • Number Of Units: 3
  • Water Separate By Unit: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Mar 19, 2021
Sold by
Barari Rachel A
Bought by
Larson Property Management Llc
Seller's Agent
Michelle Maloney
Maloney Real Estate
Buyer's Agent
Matt Olson
Premier Real Estate and Property Management
List Price
$240,000
Sold Price
$220,000
Premium/Discount to List
-$20,000
-8.33%
Current Estimated Value
$312,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,505
Avg. Annual Appreciation
7.30%
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
Larson Property Management Llc $220,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2021 03/29/21 Sold $220,000 -8.3% $89 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $240,000 -- $97 / Sq Ft
Source: Northwest Iowa Regional Board 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 $4,939 $249,939 $16,589 $233,350
2024 $4,939 $225,609 $14,412 $211,197
2023 $4,913 $197,158 $12,545 $184,613
2022 $3,811 $181,249 $11,405 $169,844
2021 $3,292 $153,473 $10,886 $142,587
2020 $3,248 $147,312 $10,886 $136,426
2019 $3,188 $145,695 $10,886 $134,809
2018 $3,075 $136,586 $10,886 $125,700
2017 $3,397 $132,032 $10,886 $121,146
2016 -- $122,405 $10,368 $112,037
2015 -- $122,405 $10,368 $112,037
2011 -- $112,386 $8,813 $103,573
Source: Public Records

Agents Affiliated with this Home

  • Michelle Maloney

    Seller's Agent in 2021

    Michelle Maloney

    Maloney Real Estate

    (605) 677-9006

    132 in this area

    226 Total Sales

    Michelle Maloney
    Section Image
  • Matt Olson

    Buyer's Agent in 2021

    Matt Olson

    Premier Real Estate and Property Management

    (605) 670-9122

    31 in this area

    41 Total Sales

    Matt Olson
    Section Image
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 812215

Northwest Iowa Regional Board of REALTORS®

APN: 15810-02800-030-01

South Dakota Clay County Vermillion 57069

1115 W Main St, Vermillion, SD

Not Listed for Sale

MultiFamily

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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