NOT LISTED FOR SALE

1925 Reserve St Spearfish, SD 57783

Estimated Value: $2,430,580

Studio
-- Bath
14,272 Sq Ft
$170/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $1,590,000 $111 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $14,389/month

52 Days on Market

Highlights

  • 0.88 Acre Lot
  • Private Entrance
  • Radiant Ceiling
  • Refrigerated and Evaporative Cooling System

About This Home

As of December 2019

Call or Text Listing Agent - Jason Richards - The Real Estate Center of Spearfish - 605-381-1087 for more information. Great opportunity to own a multi-family property in a fast growing area of Spearfish. Nice 16 unit apartment building in a popular Spearfish subdivision with excellent rental history. This building was constructed in 2012 with low maintenance materials. There are 4-3 bedroom/1 bathroom units, 4-1 bedroom/1 bathroom units, and 8-2 bedroom/1 bathroom units. Apartments are all electric, metered separately with tenants paying electricity. All units include a washer and dryer. Buyer is responsible for verifying all information on this MLS document.

Last Agent to Sell the Property

Jason Richards

The Real Estate Center of Spearfish License #13412 Listed on: 09/19/2019

Last Buyer's Agent

Ronald Keil

Real Estate Advantage License #13126

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,345

Year Built

  • Built in 2012

Lot Details

  • 0.88 Acre Lot
  • Private Entrance
  • Subdivision Possible

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 14,272 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Laundry

  • Dryer
  • Washer

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Parking

  • Common or Shared Parking
  • Paved Parking

Utilities

  • Refrigerated and Evaporative Cooling System
  • Radiant Ceiling

Community Details

  • 14,272 Sq Ft Building

Listing and Financial Details

  • Tenant pays for gas/electric
  • The owner pays for water/sewer, real estate taxes, insurance

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,345

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Basement Substructure: Slab, Poured Concrete Found.
  • Personal Property: Dishwasher, Refrigerator, Electric Range Oven, Microwave, Washer, Dryer
  • Safety Features: Smoke Detectors, Sprinkler System
  • Special Assessment: $40
  • Sq Ft Above Grade: 14272
  • Style: 2 Story
  • Subdivision Yn: Yes
  • Systems: Breaker, Plastic Plumbing
  • Year Built: 2012
  • Estimated Building Sq Ft: 14272
  • Includes: All Units, Refrigerator, Range/Oven, Dishwasher, Washer, Dryer, Microwave, Air Conditioner
  • Miscellaneous: Separate Meters, Individual Heat & Air, Dead Bolt Locks
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Private Entrance
  • Total Sq Ft: 14272

Exterior Features

  • Construction: Frame
  • Exterior: Paved Street
  • Roof: Composition

Garage/Parking

  • Parking: Paved, Common

Utilities

  • Cooling: Refrig. Wall Unit
  • Heating: Electric, Radiant Ceiling

Schools

  • School District: Spearfish

Lot Info

  • Number Of Acres: 0.88

Rental Info

  • Tenant Pays: Gas/Electric
  • Owner Pays: Water/Sewer, Real Estate Taxes, Insurance
  • Type of Tenancy: One Year Lease

Tax Info

  • RE Taxes: 16345.48
  • Re Tax Year: 18

Multi Family

  • Number Of Units: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2013
Sold by
Goodsell Darren and Goodsell Carrol
Bought by
Cooper Properties Llc
Current Estimated Value
$2,430,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,435,000
Outstanding Balance
$998,027
Interest Rate
3.3%
Mortgage Type
Commercial
Estimated Equity
$1,432,553
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
Cooper Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Properties Llc $1,435,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2019 12/02/19 Sold $1,590,000 0.0% $111 / Sq Ft
10/26/2019 10/26/19 Pending -- -- --
09/04/2019 09/04/19 For Sale $1,590,000 -- $111 / 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 $20,146 $1,538,880 $167,540 $1,371,340
2024 $20,046 $1,443,580 $137,540 $1,306,040
2023 $19,416 $1,284,230 $96,920 $1,187,310
2022 $20,068 $1,227,690 $96,920 $1,130,770
2021 $20,881 $1,227,690 $0 $0
2019 $16,385 $950,910 $96,920 $853,990
2018 $16,424 $950,910 $0 $0
2017 $17,204 $950,910 $0 $0
2016 $18,281 $950,910 $0 $0
2015 $18,321 $950,910 $0 $0
2014 $18,767 $946,160 $0 $0
2013 -- $587,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 62738

Mount Rushmore Area Association of REALTORS®

APN: 32315-01600-050-00