NOT LISTED FOR SALE

1615 38th St Rapid City, SD 57702

West Rapid City Neighborhood

Estimated Value: $381,000 - $407,000

-- Bed
3 Baths
1,472 Sq Ft
$268/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $365,000 $248 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,511/month

107 Days on Market

Highlights

  • Baseboard Heating
  • Evaporated cooling system
  • Private Entrance

About This Home

As of February 2024

Investor's Dream Triplex in Rapid City! Welcome to your next real estate investment opportunity! This fantastic 2,944 sqft triplex in the heart of Rapid City boasts an upstairs unit with three bedrooms, one bathroom, and a one-car garage currently leased at $1,000 per month, which can be increased to around $1,700/month as soon as the lease term is up, making it an ideal steady income source. Two one-bedroom, one-bathroom units on the lower level rent for $900 each, providing additional rental income. Recent upgrades including a new roof, fresh paint, new flooring, and sheetrock keep maintenance costs low. With a convenient location, community laundry, the option for owner-occupancy upstairs, and a private yard, this property offers a versatile investment, ensuring long-term potential and the chance to enjoy comfortable living with rental income at your fingertips. Don't miss this fantastic investment opportunity in Rapid City! . . Listed by Jeffery Christians, Real Broker LLC, and co-listed by Beth Staeckeler, Real Broker LLC, 631-902-6095

Last Agent to Sell the Property

Jeffery Christians

Real Broker Spearfish License #15604 Listed on: 10/09/2023

Co-Listed By

Beth Staeckeler

Real Broker Spearfish License #18592

Last Buyer's Agent

NON MEMBER

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,387

Year Built

  • Built in 1958

Lot Details

  • 8,712 Sq Ft Lot
  • Private Entrance
  • Subdivision Possible

Home Design

  • 1,472 Sq Ft Home
  • Triplex
  • Frame Construction
  • Composition Roof

Utilities

  • Evaporated cooling system
  • Baseboard Heating

Community Details

Overview

  • 2,944 Sq Ft Building

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,387

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • Basement Substructure: Full Basement
  • Safety Features: Smoke Detectors
  • Sq Ft Above Grade: 1472
  • Style: Up & Down
  • Subdivision Yn: Yes
  • Systems: Breaker
  • Year Built: 1958
  • Estimated Building Sq Ft: 2944
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance
  • Total Sq Ft: 1472

Exterior Features

  • Construction: Frame
  • Roof: Composition

Garage/Parking

  • Parking: Garage

Utilities

  • Cooling: Window Evap.
  • Heating: Electric, Baseboard

Schools

  • School District: Rapid City
  • School District: Rapid City

Lot Info

  • Lot Size: .20 Acres
  • Number Of Acres: 0.2

Rental Info

  • Pets Allowed: Yes

Tax Info

  • RE Taxes: 4386.52
  • Re Tax Year: 22

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2023
Closed on
Feb 29, 2024
Seller's Agent
Jeffery Christians
Real Broker Spearfish
Buyer's Agent
NON MEMBER
NON-MEMBER OFFICE
List Price
$399,900
Sold Price
$365,000
Premium/Discount to List
-$34,900
-8.73%
Views
196
Current Estimated Value
$395,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,146
Avg. Annual Appreciation
5.27%
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
-- $365,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walker John P $92,499
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $365,000 -7.6% $248 / Sq Ft
12/01/2023 12/01/23 Price Changed $394,900 -1.3% $268 / Sq Ft
10/09/2023 10/09/23 For Sale $399,900 -- $272 / 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
2025 $4,343 $336,300 $58,900 $277,400
2024 $4,343 $317,400 $56,100 $261,300
2023 $4,247 $299,900 $53,500 $246,400
2022 $4,387 $288,900 $50,900 $238,000
2021 $3,850 $231,300 $50,900 $180,400
2020 $3,561 $206,900 $39,200 $167,700
2019 $3,456 $199,100 $39,200 $159,900
2018 $3,216 $197,600 $39,200 $158,400
2017 $3,360 $188,500 $39,200 $149,300
2016 $3,540 $185,600 $39,200 $146,400
2015 $3,540 $186,200 $39,200 $147,000
2014 $3,505 $179,400 $39,200 $140,200
Source: Public Records

Agents Affiliated with this Home

  • Jeffery Christians

    Seller's Agent in 2024

    Jeffery Christians

    Real Broker Spearfish

    (605) 920-0425

    6 in this area

    625 Total Sales

    Jeffery Christians
    Section Image
  • Beth Staeckeler

    Seller Co-Listing Agent in 2024

    Beth Staeckeler

    Real Broker Spearfish

    (631) 902-6095

    4 in this area

    167 Total Sales

    Beth Staeckeler
    Section Image

  • N

    Buyer's Agent in 2024

    NON MEMBER

    NON-MEMBER OFFICE

See All Agents

Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 77999

Mount Rushmore Area Association of REALTORS®

APN: 0025081

South Dakota Pennington County Rapid City 57702 West Rapid City

1615 38th St, Rapid City, SD

This home is located at 1615 38th St, Rapid City, SD 57702 since 09 October 2023 and is currently estimated at $395,146, approximately $268 per square foot. This property was built in 1958. 1615 38th St is a home located in Pennington County with nearby schools including Canyon Lake Elementary School, West Middle School, and Stevens 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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