NOT LISTED FOR SALE

1722 Cherry Ave Rapid City, SD 57701

Downtown Rapid City Neighborhood

Estimated Value: $283,000 - $382,000

4 Beds
3 Baths
-- Sq Ft
0.27 Acres

Last Sold October 14, 2016

Last sale price $100,000

Est. 229% increase in value since last sale

Current estimated payment $2,076/month

47 Days on Market

Highlights

  • Public Water Access
  • Central Air
  • Private Entrance
  • City View

About This Home

As of October 2016

Great opportunity for investment buyer or owner occupied rental. This two-story tri-plex features 1,212 on the main level with 2 bedrooms,1 bathroom, oak kitchen and laundry hook-ups. The second until has 1 bedroom, 1 bathroom. The third until is a studio. This home is located by School of Mines.

Last Agent to Sell the Property

Yanni Georgas

RE/MAX RESULTS Listed on: 06/13/2016

RE/MAX RESULTS

Co-Listed By

Stephanie Steele

RE/MAX RESULTS

Last Buyer's Agent

Randy Olivier

RE/MAX ADVANTAGE

RE/MAX ADVANTAGE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1890

Lot Details

  • 0.27

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2-Story Property
  • City Views
  • Crawl Space
  • Fire and Smoke Detector

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas
  • Public Septic

Additional Features

  • Public Water Access
  • Private Entrance

Community Details

Overview

  • 3 Units
  • Radio Towers Subdivision

Building Details

  • Electric Expense $2,448
  • Fuel Expense $1,226
  • Insurance Expense $1,307
  • Water Sewer Expense $1,186
  • Gross Income $15,900

Property Details

Home Type

Multi-Family

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • Style: 2 Story
  • Lvt Date: 06/14/2016
  • View: City
  • Year Built: 1890
  • Safety Features: Smoke Detectors
  • Includes: Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters, Individual Heat & Air
  • Agent Only_ L A1 User Code: 310
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Private Entrance

Exterior Features

  • Construction: Wood
  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Parking: Street

Utilities

  • Air Conditioner: Central, Wall
  • Heating: Gas
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 1307
  • Electricity Expense: 2448
  • Gas Expense: 1,226
  • Trash Expense: xx
  • Water Sewer Expenses: 1186

Lot Info

  • Lot Size: .27
  • Lot Type: Flat
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: Multiple
  • Who Pays Electricity: Owner
  • Who Pays Gas: Owner
  • Who Pays Trash: Tenant
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2015
  • Taxes: 2,668.64

Multi Family

  • Number Of Units: 3
  • Vacancy Rate: 0 - 5%

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
10/14/2016 10/14/16 Sold $100,000 -16.0% --
07/30/2016 07/30/16 Pending -- -- --
06/13/2016 06/13/16 For Sale $119,000 -- --
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 $3,572 $278,300 $52,300 $226,000
2024 $3,572 $260,100 $49,800 $210,300
2023 $3,590 $252,600 $49,800 $202,800
2022 $3,618 $238,300 $37,500 $200,800
2021 $3,312 $198,200 $37,500 $160,700
2020 $2,766 $161,900 $37,500 $124,400
2019 $2,755 $154,900 $32,500 $122,400
2018 $2,499 $156,700 $32,500 $124,200
2017 $2,572 $145,600 $32,500 $113,100
2016 $2,704 $141,200 $33,500 $107,700
2015 $2,704 $141,400 $31,100 $110,300
2014 $2,682 $136,500 $31,100 $105,400
Source: Public Records

Agents Affiliated with this Home

  • Yanni Georgas

    Seller's Agent in 2016

    Yanni Georgas

    RE/MAX

    (605) 341-4300

    8 in this area

    217 Total Sales

    Yanni Georgas
    Section Image
  • Stephanie Steele

    Seller Co-Listing Agent in 2016

    Stephanie Steele

    RE/MAX

    (605) 484-2814

    7 in this area

    180 Total Sales

    Stephanie Steele
    Section Image
  • Randy Olivier

    Buyer's Agent in 2016

    Randy Olivier

    RE/MAX

    (605) 430-6247

    10 in this area

    106 Total Sales

    Randy Olivier
    Section Image
See All Agents

Map

Source: Black Hills Association of REALTORS®

MLS Number: 129111

Black Hills Association of REALTORS®

APN: 0028661

South Dakota Pennington County Rapid City 57701 Downtown Rapid City

1722 Cherry Ave, Rapid City, SD

This home is located at 1722 Cherry Ave, Rapid City, SD 57701 since 13 June 2016 and is currently estimated at $328,863. This property was built in 1890. 1722 Cherry Ave is a home located in Pennington County with nearby schools including Valley View Elementary School, East Middle School - 30, and Central 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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