NOT LISTED FOR SALE

1925 Reserve St Spearfish, SD 57783

Estimated Value: $2,399,215

Studio
-- Bath
14,272 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: December 2, 2019

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

Est. 51% increase in value since last sale

Current estimated payment $14,610 / mo

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

  • 38,333 Sq Ft 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

0.88 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2013
Sold by
Bought by
Current Estimated Value
$2,399,215

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
$1,401,188
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,114 $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

  • Jason Richards

    Seller's Agent in 2019

    Jason Richards

    The Real Estate Center of Spearfish

    (605) 381-1087

    69 in this area

    131 Total Sales

    Jason Richards
    Section Image

  • R

    Buyer's Agent in 2019

    Ronald Keil

    Real Estate Advantage

    (605) 210-4235

    2 in this area

    6 Total Sales

    Ronald Keil
    Section Image
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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

South Dakota Lawrence County Spearfish 57783

1925 Reserve St, Spearfish, SD

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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