NOT LISTED FOR SALE

142 S 5th St Unit 142 1/2 S 5th St Hot Springs, SD 57747

Estimated Value: $282,000 - $289,000

6 Beds
-- Bath
4,228 Sq Ft
$68/Sq Ft Est. Value

Last Sold June 21, 2023

Last sale price $272,367 $64 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,791/month

69 Days on Market

Highlights

  • Public Water Access
  • Balcony
  • Forced Air Heating System
  • City View
  • Concrete Block With Brick
  • Private Entrance

About This Home

As of June 2023

The benefits of investing in duplexes are many. Duplex rentals provide monthly cash flow, they're affordable (two units in one transaction) and if you move into one side, tenants can help with the mortgage. There's also some opportunites for tax deductions. Hot Springs is short on rentals, so the timing couldn't be better. This Hot Springs duplex is affordably priced, not far from downtown and recent upgrades include new roof, new flooring, new footings, new gas meters and some light remodeling. Both units are three bedrooms and tenants pay for utilities which are meteredseparately. Both units have laundry hookups and are bright and updated. Unit 142 is three bedrooms and one bath all on one level with a mud room/laundry area just off of kitchen. Unit 142 1/2 is a three bedroom, two bath on two levels with a roomy deck. Come take a look! Listed by Andrea Ronning, Owner/Broker, Aspen+Pine Realty, 605-517-1130. Tenants need 24 hours notice for showings so plan accordingly.

Last Agent to Sell the Property

Andrea Ronning

ASPEN+PINE REALTY Listed on: 02/24/2023

Last Buyer's Agent

OTHER NON-MEMBER

NON-MEMBER FIRM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,930

Year Built

  • Built in 1890

Lot Details

  • Private Entrance

Home Design

  • Duplex
  • Side-by-Side
  • Concrete Block With Brick
  • Block Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 4,228 Sq Ft Home
  • Family Room
  • City Views
  • Fire and Smoke Detector

Parking

  • Carport
  • On-Street Parking

Outdoor Features

  • Public Water Access
  • Balcony

Utilities

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

Community Details

  • 2 Units
  • Gross Income $28,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,930

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Side/Side
  • Lvt Date: 02/24/2023
  • View: City
  • Year Built: 1890
  • Safety Features: Smoke Detectors
  • Includes: Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters
  • Agent Only_ L A1 User Code: 1854
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: More than 1 per Apt, Private Entrance
  • Main Level Sq Ft: 2114
  • Total Sq Ft: 4228

Exterior Features

  • Construction: Concrete Block, Wood
  • Foundation: Concrete Block
  • Roof: Composition

Garage/Parking

  • Parking: Carport, Street

Utilities

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

Lot Info

  • Lot Size: 50x100
  • Lot Type: Corner
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease
  • Who Pays Electricity: Tenant
  • Who Pays Trash: Tenant
  • Who Pays Water Sewer: Tenant

Tax Info

  • Year: 22
  • Taxes: 1930.38

Multi Family

  • Number Of Units: 2
  • Vacancy Rate: 0 - 5%
  • Unit Features: Some Units, Hookups, Window Coverings, Balcony/Deck, Family Room, Inside Utility Room, Unfinished Basement

Range of Values:

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Average Value
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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

Mortgage History

Date Status Borrower Loan Amount
Closed Wilcox Christopher J $69,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2023 06/21/23 Sold $272,367 -7.7% $64 / Sq Ft
02/24/2023 02/24/23 For Sale $295,000 -- $70 / Sq Ft
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
2024 $2,197 $188,328 $15,960 $172,368
2023 $1,930 $126,115 $16,083 $110,032
2022 $1,992 $110,440 $17,500 $92,940
2021 $1,791 $101,570 $10,000 $91,570
2020 $1,726 $89,860 $7,000 $82,860
2019 $1,671 $85,160 $7,000 $78,160
2018 $1,638 $80,100 $5,300 $74,800
2017 $1,693 $76,760 $5,300 $71,460
2016 -- $77,040 $5,300 $71,740
2015 -- $73,060 $6,000 $67,060
2011 -- $35,720 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Andrea Ronning

    Seller's Agent in 2023

    Andrea Ronning

    ASPEN+PINE REALTY

    (605) 517-1130

    285 Total Sales

    Andrea Ronning
    Section Image

  • O

    Buyer's Agent in 2023

    OTHER NON-MEMBER

    NON-MEMBER FIRM

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Map

Source: Black Hills Association of REALTORS®

MLS Number: 162602

Black Hills Association of REALTORS®

APN: 75410-01100-008-92

South Dakota Fall River County Hot Springs 57747

142 S 5th St Unit 142 1/2 S 5th St, Hot Springs, SD

This home is located at 142 S 5th St Unit 142 1/2 S 5th St, Hot Springs, SD 57747 since 24 February 2023 and is currently estimated at $286,504, approximately $67 per square foot. This property was built in 1890. 142 S 5th St Unit 142 1/2 S 5th St is a home located in Fall River County with nearby schools including Hot Springs Elementary School, Hot Springs Middle School, and Hot Springs 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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