NOT LISTED FOR SALE

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

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

-- Bed
-- Bath
2,114 Sq Ft
$136/Sq Ft Est. Value

Last Sold June 20, 2023

Last sale price $272,367 $129 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,703/month

69 Days on Market

Highlights

  • Forced Air Heating System
  • Private Entrance
  • Wood Siding

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 metered separately. Both units have laundry hookups and are bright and updated. Units are leased at $1200/mo and leases go month to month after Nov. 2023 with one months rent for security deposit for each unit. 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. Duplex is professionally managed and may continue if desired. 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 License #16824 Listed on: 02/24/2023

Last Buyer's Agent

Christine Heidebrink

Mt. Rushmore Properties License #15557

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,197

Year Built

  • Built in 1890

Lot Details

  • 4,966

Home Design

  • 2,114 Sq Ft Home
  • Side-by-Side
  • Composition Roof
  • Wood Siding
  • Block Exterior

Parking

  • Covered Parking
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Propane

Additional Features

  • Electric Oven or Range
  • Private Entrance

Listing and Financial Details

  • Tenant pays for gas/electric, water/sewer
  • The owner pays for insurance, real estate taxes

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,197

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Basement Substructure: Crawl Space, Partial Basement, Walkout
  • Personal Property: Refrigerator, Electric Range Oven, Window Coverings (Some)
  • Safety Features: Smoke Detectors
  • Sq Ft Above Grade: 2114
  • Style: Side/Side
  • Year Built: 1890
  • Miscellaneous: Separate Meters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: More than 1/Apartment, Private Entrance
  • Total Sq Ft: 4000

Exterior Features

  • Construction: Block
  • Exterior: Paved Street
  • Roof: Composition
  • Siding: Wood Siding

Garage/Parking

  • Parking: Covered Parking, Street Parking

Utilities

  • Heating: Propane, Forced Air

Schools

  • School District: Hot Springs
  • School District: Hot Springs

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Gas/Electric, Water/Sewer
  • Owner Pays: Insurance, Real Estate Taxes
  • Type of Tenancy: One Year Lease

Tax Info

  • RE Taxes: 1930.38
  • Re Tax Year: 22

Multi Family

  • Number Of Units: 2

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
06/20/2023 06/20/23 Sold $272,367 -7.7% $129 / Sq Ft
02/24/2023 02/24/23 For Sale $295,000 -- $140 / Sq Ft
Source: Mount Rushmore Area 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
  • Christine Heidebrink

    Buyer's Agent in 2023

    Christine Heidebrink

    Mt. Rushmore Properties

    (605) 685-4060

    90 Total Sales

    Christine Heidebrink
    Section Image
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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 75147

Mount Rushmore Area 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 Street, Hot Springs, SD

This home is located at 142 S 5th St Unit 142 1/2 S 5th Street, Hot Springs, SD 57747 since 24 February 2023 and is currently estimated at $286,504, approximately $135 per square foot. This property was built in 1890. 142 S 5th St Unit 142 1/2 S 5th Street 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.

Mount Rushmore Area 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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