NOT LISTED FOR SALE

1510 5th St Rapid City, SD 57701

Downtown Rapid City Neighborhood

Estimated Value: $223,000 - $259,671

4 Beds
2 Baths
1,600 Sq Ft
$151/Sq Ft Est. Value

Last Sold July 24, 2020

Last sale price $140,000 $88 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,507/month

114 Days on Market

Highlights

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

About This Home

As of July 2020

Renovated investment property occupied and ready for new owner! All utilities separated other than water/garbage. New kitchens, bathrooms and all interior finishes completely redone. New natural gas furnace and water heater in both units. Parking off alley for both units.

Last Agent to Sell the Property

Kelly Howie

RE/MAX ADVANTAGE Listed on: 02/19/2020

RE/MAX ADVANTAGE

Co-Listed By

Amy Hook

RE/MAX ADVANTAGE

Last Buyer's Agent

Scott Henrikson

KELLER WILLIAMS REALTY BLACK HILLS

KELLER WILLIAMS REALTY BLACK HILLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,344

Year Built

  • Built in 1938

Lot Details

  • 4,792

Home Design

  • Duplex
  • Poured Concrete
  • Metal Construction or Metal Frame

Interior Spaces

  • 1,600 Sq Ft Home
  • City Views
  • Basement

Utilities

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

Additional Features

  • Public Water Access
  • Private Entrance

Community Details

  • 2 Units
  • Flormann Subdivision

Listing and Financial Details

  • Month-to-Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,344

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Up & Down
  • Lvt Date: 02/19/2020
  • View: City
  • Year Built: 1938
  • Includes: All Units, Refrigerator, Range/Oven, Microwave
  • Miscellaneous: Separate Meters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance
  • Main Level Sq Ft: 800
  • Total Sq Ft: 1600

Exterior Features

  • Construction: Metal/Vinyl
  • Foundation: Basement, Poured Concrete

Utilities

  • Air Conditioner: Electric, Central
  • Heating: Forced Air, Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Size: .11
  • Lot Type: Flat
  • Zoning: Non-conforming

Rental Info

  • Type of Tenancy: Month to Month, 1 Year Lease
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Tenant
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2019
  • Taxes: 2344.14

Multi Family

  • Number Of Units: 2
  • Vacancy Rate: 0 - 5%
  • Unit Features: All Units, Hookups

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2020
Closed on
Jul 23, 2020
Bought by
Razor Crest Properties Llc
Seller's Agent
Kelly Howie
RE/MAX ADVANTAGE
Buyer's Agent
Scott Henrikson
KELLER WILLIAMS REALTY BLACK HILLS
List Price
$154,900
Sold Price
$140,000
Premium/Discount to List
-$14,900
-9.62%
Current Estimated Value
$241,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,168
Avg. Annual Appreciation
10.39%
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
Razor Crest Properties Llc $140,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2020 07/24/20 Sold $140,000 -9.6% $88 / Sq Ft
06/12/2020 06/12/20 Pending -- -- --
02/19/2020 02/19/20 For Sale $154,900 -- $97 / 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
2025 $3,110 $225,800 $49,000 $176,800
2024 $3,110 $227,600 $44,500 $183,100
2023 $3,179 $224,900 $38,700 $186,200
2022 $2,996 $197,300 $33,700 $163,600
2021 $2,340 $140,700 $33,700 $107,000
2020 $2,384 $138,700 $33,700 $105,000
2019 $2,295 $136,100 $30,200 $105,900
2018 $828 $131,400 $30,200 $101,200
2017 $1,484 $48,100 $30,200 $17,900
2016 $1,596 $81,800 $30,200 $51,600
2015 $1,596 $83,800 $30,200 $53,600
2014 $1,620 $82,800 $30,200 $52,600
Source: Public Records

Agents Affiliated with this Home

  • Kelly Howie

    Seller's Agent in 2020

    Kelly Howie

    RE/MAX

    (605) 209-0474

    28 in this area

    305 Total Sales

    Kelly Howie
    Section Image
  • Amy Hook

    Seller Co-Listing Agent in 2020

    Amy Hook

    RE/MAX

    (605) 390-3223

    23 in this area

    255 Total Sales

    Amy Hook
    Section Image
  • Scott Henrikson

    Buyer's Agent in 2020

    Scott Henrikson

    KELLER WILLIAMS REALTY BLACK HILLS

    (970) 556-4513

    27 in this area

    143 Total Sales

    Scott Henrikson
    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 147705

Black Hills Association of REALTORS®

APN: 0023353

South Dakota Pennington County Rapid City 57701 Downtown Rapid City

1510 5th St, Rapid City, SD

Not Listed for Sale

MultiFamily

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