NOT LISTED FOR SALE

1563 3rd St Sturgis, SD 57785

Estimated Value: $218,000 - $279,000

4 Beds
-- Bath
1,275 Sq Ft
$184/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $116,000 $91 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,343/month

131 Days on Market

Highlights

  • Public Water Access
  • Private Entrance
  • Heating Available
  • City View

About This Home

As of December 2017

Listed by Kera Williams, Keller Williams Realty BH, 605-415-6636. Well cared for duplex offering great investment opportunity!! Upper level features spacious two bedrooms, full bath, kitchen and living room. The lower level is a two bedroom, full bath, kitchen and living room with a separate entrance. Owner pays water/sewer/trash bill. This duplex also offers a great private back yard and off street parking. Buy as an investment property or live in one and rent the other. Easy commute to shopping, restaurants and places of employment.

Last Agent to Sell the Property

Kera Williams

INACTIVE OFFICE Listed on: 07/06/2017

Last Buyer's Agent

CODY BROWN

Engel & Völkers

Engel & Völkers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,419

Year Built

  • Built in 1924

Lot Details

  • 8,625

Parking

  • Paved Parking

Home Design

  • Duplex
  • Poured Concrete
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,275 Sq Ft Home
  • City Views
  • Walk-Out Basement
  • Fire and Smoke Detector

Utilities

  • Heating Available
  • Public Septic

Additional Features

  • Public Water Access
  • Private Entrance

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,050
  • Maintenance Expense $1,200
  • Other Expense $765
  • Professional Management Expense $725
  • Gross Income $15,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,419

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Up & Down
  • Lvt Date: 07/06/2017
  • View: City
  • Year Built: 1924
  • Safety Features: Smoke Detectors
  • Includes: Some Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance
  • Main Level Sq Ft: 912
  • Total Sq Ft: 1275

Exterior Features

  • Construction: Frame
  • Foundation: Basement, Poured Concrete, Walkout
  • Roof: Composition

Garage/Parking

  • Parking: Paved

Utilities

  • Heating: Electric
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 1050
  • Maintenance Expense: 1200
  • Total Expenses: 6959
  • Management Expense: 725
  • Other Expense: 765

Lot Info

  • Lot Size: 66x150
  • Lot Type: Flat
  • Zoning: Unknown

Rental Info

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

Tax Info

  • Year: 2016
  • Taxes: 1419

Multi Family

  • Number Of Units: 2
  • Vacancy Rate: 0 - 5%
  • Unit Features: Some Units, Window Coverings

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2017
Closed on
Dec 22, 2017
Sold by
Third Street Llc
Bought by
Reynolds Rosesue M and Petsch Jerome M
Seller's Agent
Kera Williams
INACTIVE OFFICE
Buyer's Agent
CODY BROWN
Engel & Völkers
List Price
$119,000
Sold Price
$116,000
Premium/Discount to List
-$3,000
-2.52%
Current Estimated Value
$224,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,409
Avg. Annual Appreciation
9.16%
Original Mortgage
$113,898
Outstanding Balance
$95,036
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$140,141
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
Reynolds Rosesue M $116,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reynolds Rosesue M $113,898
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2017 12/22/17 Sold $116,000 -2.5% $91 / Sq Ft
11/14/2017 11/14/17 Pending -- -- --
07/06/2017 07/06/17 For Sale $119,000 -- $93 / 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 $2,031 $146,282 $37,044 $109,238
2024 $2,031 $146,282 $37,044 $109,238
2023 $2,111 $146,282 $37,044 $109,238
2022 $2,063 $134,906 $30,870 $104,036
2021 $2,090 $118,530 $28,064 $90,466
2020 $1,199 $118,530 $28,064 $90,466
2019 $1,427 $69,349 $17,535 $51,814
2018 $1,335 $69,349 $17,535 $51,814
2017 $1,419 $63,623 $16,087 $47,536
2016 $0 $63,623 $0 $0
2015 $1,525 $63,623 $16,087 $47,536
2013 -- $63,623 $16,087 $47,536
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kera Williams

    INACTIVE OFFICE

    Section Image
  • CODY BROWN

    Buyer's Agent in 2017

    CODY BROWN

    Engel & Völkers

    (402) 910-3553

    1 in this area

    122 Total Sales

    CODY BROWN
    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 134760

Black Hills Association of REALTORS®

APN: 01.59.00.02B

South Dakota Meade County Sturgis 57785

1563 3rd St, Sturgis, SD

Not Listed for Sale

MultiFamily

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