NOT LISTED FOR SALE

2191 Malibu Loop Sturgis, SD 57785

Estimated Value: $356,000

1.15 Acres
$309,565 Price per Acre
50,094 Sq Ft Lot

Last Sold October 05, 2022

Last sale price $140,000

Est. 154% increase in value since last sale

Current estimated payment $2,041/month

245 Days on Market

About This Lot

As of October 2022

Best lot in Sturgis. This lot not only has an amazing, breathtaking view, but it also has a flat top that is perfect for building and creating a yard. Watch the sunsets. Watch the town of Sturgis. Look across the street at the acres and acres of public BLM land that is just waiting for someone to hike and explore. (There is an access path to the BLM just down the street.) The perfect combination of easy access and amazing view lot. Water and sewer taps for the city of Sturgis are already in place. One bonus advantage to this lot is that the covenants allow a larger shop/outbuilding to be put on it. This lot allows a 900 sq. ft. outbuilding whereas other lots in the neighborhood allow a 676 sq ft outbuilding. (See associated documents for covenants.) To make this building site even more amazing, the neighboring lot 16 could also be purchased with this lot if the buyer is interested.

Last Agent to Sell the Property

Dan Martin

Re/Max Results License #11960 Listed on: 01/11/2022

Last Buyer's Agent

Dan Martin

Re/Max Results License #11960 Listed on: 01/11/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,018

Lot Details

  • 1.15 Acre Lot
  • Interior Lot
  • Level Lot
  • Subdivision Possible

Utilities

  • Gas Available

Property Details

Property Type

Land

Est. Annual Taxes

$1,018

Lot Details

0

Listing Details

  • Class: LAND
  • Type: Residential Single Family
  • Subdivision Yn: Yes
  • Utilities Electric: BHE
  • Utilities Gas: Gas to Property
  • Access: Public Access
  • Type Lot: Building Site
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Road Surface: Blacktop

Utilities

  • Utilities Sewer: City (At Site)
  • Water: City

Schools

  • School District: Meade
  • School District: Meade

Lot Info

  • Lot Description: Interior Lot
  • Number Of Acres: 1.15
  • Zoning: Residential
  • Mineral Rights: Unknown
  • Price Per Acre: 138696
  • Size Of Lot: 1.01 - 5
  • Topography: Level

Tax Info

  • RE Taxes: 1018
  • Re Tax Year: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2022
Closed on
Sep 23, 2022
Sold by
Thomas Otto Magdanz and Kelly Susan
Bought by
Whelchel William and Whelchel Angela
Seller's Agent
Dan Martin
Re/Max Results
Buyer's Agent
Dan Martin
Re/Max Results
List Price
$200,000
Sold Price
$140,000
Premium/Discount to List
-$60,000
-30%
Current Estimated Value
$356,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,000
Avg. Annual Appreciation
16.74%

Purchase Details

Closed on
Mar 31, 2022
Sold by
Magdanz Jr Thomas O and Magdanz Kelly S
Bought by
Kelly Susan Magdanz Revocable Living Trust
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
Whelchel William $140 --
Kelly Susan Magdanz Revocable Living Trust -- Thomson Law Pc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2022 10/05/22 Sold $140,000 -12.2% --
09/13/2022 09/13/22 Pending -- -- --
08/26/2022 08/26/22 Price Changed $159,500 -10.1% --
07/13/2022 07/13/22 Price Changed $177,500 -2.7% --
06/02/2022 06/02/22 Price Changed $182,500 -8.8% --
01/11/2022 01/11/22 For Sale $200,000 -- --
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
2024 $1,264 $78,390 $78,390 $0
2023 $1,108 $65,325 $65,325 $0
2022 $899 $50,250 $50,250 $0
2021 $1,018 $50,250 $50,250 $0
2020 $1,041 $50,250 $50,250 $0
2019 $1,034 $50,250 $50,250 $0
2018 $1,034 $50,250 $50,250 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 70751

Mount Rushmore Area Association of REALTORS®

APN: 01.39.04.15