NOT LISTED FOR SALE

Estimated Value: $313,000 - $325,000

4 Beds
2 Baths
1,976 Sq Ft
$162/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $230,000 $116 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,068/month

Highlights

  • Public Water Access
  • Separate Formal Living Room
  • Interior Lot
  • City View
  • Balcony
  • Forced Air Heating and Cooling System

About This Home

As of November 2021

Listed by Megan Mahoney, Assist2Sell. (785-304-0570.) Calling all investors!! Here's your chance to own a duplex on the west side of Rapid City! Current rental income of $1530/month Each unit has 2 beds, 1 bath, and 988sq feet. Units are separately metered for gas and electricity with a shared laundry room Tenants pay all utilities and split the water/trash bill. Class 4 shingles were put on 2 years ago. New water heater in 2020; A//c unit in 2015. New exterior doors put on in 2017, and new windows on west and north side of duplex in 2020. This property has on-site parking and alley access, with large yard in the back. Don't miss your chance at this westside investment property! Call Megan or your favorite Realtor to set up your showing.

Last Agent to Sell the Property

Megan Mahoney

ASSIST 2 SELL/BUYERS & SELLERS REAL Listed on: 09/26/2021

Last Buyer's Agent

Megan Mahoney

ASSIST 2 SELL/BUYERS & SELLERS REAL Listed on: 09/26/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,982

Year Built

  • Built in 1972

Lot Details

  • Private Entrance
  • Interior Lot

Parking

  • Paved Parking

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Hardboard

Interior Spaces

  • 1,976 Sq Ft Home
  • Separate Formal Living Room
  • City Views
  • Fire and Smoke Detector
  • Finished Basement

Outdoor Features

  • Public Water Access
  • Balcony

Utilities

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

Community Details

  • 2 Units
  • Schamber Subdivision

Listing and Financial Details

  • Month-to-Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,982

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Up & Down
  • Lvt Date: 09/27/2021
  • View: City
  • Year Built: 1972
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven, Washer, Dryer
  • Miscellaneous: Separate Meters, Pet Restrictions, Central Water Heater, Individual Heat & Air, Dead Bolt Locks
  • Agent Only_ L A1 User Code: 1828
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance
  • Main Level Sq Ft: 988
  • Total Sq Ft: 1976

Exterior Features

  • Construction: Hardboard
  • Foundation: Basement, Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Paved

Utilities

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

Lot Info

  • Lot Size: .23
  • Lot Type: Flat, Interior
  • Zoning: Conforming

Rental Info

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

Tax Info

  • Year: 2020
  • Taxes: 2982

Multi Family

  • Number Of Units: 2
  • Vacancy Rate: 0 - 5%
  • Unit Features: All Units, Window Coverings, Balcony/Deck, Formal Living Room, Kit/DR Combo, Inside Utility Room, Common Utility Room, Finished Basement

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2021
Closed on
Nov 18, 2021
Bought by
Armstrong Dustin M and Armstrong Gina L
Seller's Agent
Megan Mahoney
ASSIST 2 SELL/BUYERS & SELLERS REAL
Buyer's Agent
Megan Mahoney
ASSIST 2 SELL/BUYERS & SELLERS REAL
List Price
$230,000
Sold Price
$230,000
Current Estimated Value
$322,399

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,399
Avg. Annual Appreciation
8.87%
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
Armstrong Dustin M $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Griffith Patricia J $79,937
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $230,000 0.0% $116 / Sq Ft
09/26/2021 09/26/21 For Sale $230,000 +48.4% $116 / Sq Ft
08/31/2016 08/31/16 Sold $155,000 -3.1% --
08/06/2016 08/06/16 Pending -- -- --
07/29/2016 07/29/16 For Sale $159,900 -- --
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
2024 $3,736 $272,500 $57,300 $215,200
2023 $3,652 $257,400 $54,600 $202,800
2022 $3,362 $221,400 $52,000 $169,400
2021 $3,289 $197,100 $52,000 $145,100
2020 $3,013 $174,600 $40,000 $134,600
2019 $2,852 $164,900 $40,000 $124,900
2018 $2,732 $162,600 $40,000 $122,600
2017 $2,847 $159,700 $40,000 $119,700
2016 $2,876 $156,800 $40,000 $116,800
2015 $2,876 $150,800 $40,000 $110,800
2014 $2,817 $143,700 $40,000 $103,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Black Hills Association of REALTORS®

MLS Number: 156331

Black Hills Association of REALTORS®

APN: 0030524