NOT LISTED FOR SALE

1320 7th St Unit Great Return on Inve Rapid City, SD 57701

Downtown Rapid City Neighborhood

Estimated Value: $272,000 - $287,821

4 Beds
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold September 03, 2013

Last sale price $102,000

Est. 177% increase in value since last sale

Current estimated payment $1,744/month

Highlights

  • Public Water Access
  • Forced Air Heating System
  • Private Entrance
  • City View

About This Home

As of September 2013

Great income property with a 9% CAP rate. VERY low vacancy rate.

Last Agent to Sell the Property

Tracy Lessin

INACTIVE OFFICE Listed on: 06/21/2013

Last Buyer's Agent

PAMELA HEIBERGER

COLDWELL BANKER BLACK HILLS LEGACY

COLDWELL BANKER BLACK HILLS LEGACY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,903

Year Built

  • Built in 1934

Lot Details

  • 6,970

Property Views

  • City
  • Hills

Home Design

  • Duplex
  • Side-by-Side
  • Composition Roof
  • Stucco

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Public Septic

Additional Features

  • Crawl Space
  • Public Water Access
  • Private Entrance

Community Details

Overview

  • 2 Units
  • Flormann Subdivision

Building Details

  • Insurance Expense $900
  • Gross Income $13

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,903

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Side/Side
  • View: Hills, City
  • Year Built: 1934
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters, Individual Water Heaters
  • Agent Only_ L A1 User Code: 1171
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance

Exterior Features

  • Construction: Stucco
  • Foundation: Crawl Space
  • Roof: Composition

Utilities

  • Heating: Forced Air, Gas
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: $900
  • Total Expenses: $4278
  • Other Expense: Taxes
  • Water Sewer Expenses: $45mo

Lot Info

  • Lot Size: .16
  • Lot Type: Flat, Corner
  • Zoning: Unknown

Rental Info

  • Type of Tenancy: Six Month Lease
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2012
  • Taxes: 1902.60

Multi Family

  • Number Of Units: 2
  • Vacancy Rate: 0 - 5%
  • Unit Features: All Units, Kit/DR Combo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2013
Closed on
Sep 3, 2013
Bought by
Wager Mark J and Wager Rebecca H
Seller's Agent
Tracy Lessin
INACTIVE OFFICE
Buyer's Agent
PAMELA HEIBERGER
COLDWELL BANKER BLACK HILLS LEGACY
List Price
$104,000
Sold Price
$102,000
Premium/Discount to List
-$2,000
-1.92%
Current Estimated Value
$282,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,955
Avg. Annual Appreciation
8.79%
Original Mortgage
$100,152
Outstanding Balance
$74,291
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$208,664
Source: Public Records

Range of Values:

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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
Wager Mark J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wager Mark J $100,152
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2013 09/03/13 Sold $102,000 -1.9% --
07/06/2013 07/06/13 Pending -- -- --
06/21/2013 06/21/13 For Sale $104,000 -- --
Source: Black Hills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

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 $2,933 $220,400 $48,300 $172,100
2024 $2,933 $214,100 $46,000 $168,100
2023 $2,994 $211,300 $46,000 $165,300
2022 $3,091 $203,600 $32,000 $171,600
2021 $2,856 $171,500 $32,000 $139,500
2020 $2,840 $165,000 $37,000 $128,000
2019 $2,609 $154,600 $32,000 $122,600
2018 $1,963 $149,100 $32,000 $117,100
2017 $1,859 $114,800 $32,000 $82,800
2016 $1,974 $102,300 $32,000 $70,300
2015 $1,974 $103,500 $32,000 $71,500
2014 $1,884 $96,100 $32,000 $64,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Tracy Lessin

    INACTIVE OFFICE

    Section Image
  • PAMELA HEIBERGER

    Buyer's Agent in 2013

    PAMELA HEIBERGER

    COLDWELL BANKER BLACK HILLS LEGACY

    (605) 415-8595

    1 in this area

    33 Total Sales

    PAMELA HEIBERGER
    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 113921

Black Hills Association of REALTORS®

APN: 0023230

South Dakota Pennington County Rapid City 57701 Downtown Rapid City

1320 7th St Unit Great Return on Inve, Rapid City, SD

This home is located at 1320 7th St Unit Great Return on Inve, Rapid City, SD 57701 since 21 June 2013 and is currently estimated at $282,955. This property was built in 1934. 1320 7th St Unit Great Return on Inve is a home located in Pennington County with nearby schools including Woodrow Wilson Elementary School, South Middle School, and Central High School.

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.

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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