Michael Warwick
Great Peaks Realty
(605) 566-6022
554 Total Sales
3 in West Rapid City
$295K - $325K Price Range
3027 W Rapid St Rapid City, SD 57702
West Rapid City NeighborhoodEstimated Value: $347,000 - $456,088
5
Beds
3
Baths
2,496
Sq Ft
$159/Sq Ft
Est. Value
Highlights
- Public Water Access
- Forced Air Heating System
- Private Entrance
- City View
About This Home
As of December 2021Great income producing property on the Northwest side of Rapid City. This triplex is in great shape and in a great location. 3 units total with private entrances, 2 units have been remodeled plus a private coin operated laundry room. Great cap rate of 7.5%. Unit 1 (upper level) is a 2 bedroom 1 bathroom with an office (one bedroom is a walk-through). Unit 2 (main level) is a 2 bedroom, 1 bath. Unit 3 (lower level) is a 1 bedroom, 1 bathroom unit with an office space (bedroom not to code). Lower unit was used as an air bnb from August to October with a great return. Owner pays water, sewer and gas. Tenants are responsible for electric. Ample gravel parking lot to the back of the property for unit 1 and 3. Unit 2 (main level) has a driveway. Seller is a licensed Real Estate agent.
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1940
Lot Details
- 6,534
Home Design
- Triplex
- Composition Roof
- Metal Construction or Metal Frame
Interior Spaces
- 2,496 Sq Ft Home
- City Views
- Fire and Smoke Detector
- Basement
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Public Septic
Additional Features
- Public Water Access
- Private Entrance
Listing and Financial Details
- 12 Month Lease Term
- Month-to-Month Lease Term
- Negotiable Lease Term
Community Details
Overview
- 3 Units
- Green Acres Subdivision
Building Details
- Gross Income $33,240
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
Listed on
Oct 2, 2021
Closed on
Dec 29, 2021
Bought by
Seller's Agent
Ariel Rudland
WEST RIVER REALTY, LLC
Buyer's Agent
Scott Henrikson
KELLER WILLIAMS REALTY BLACK HILLS
List Price
$369,900
Sold Price
$345,000
Premium/Discount to List
-$24,900
-6.73%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,522
Avg. Annual Appreciation
3.05%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in West Rapid City, SD
-
Michael Warwick
-
Spencer Rossi
Spencer Rossi
Top Shelf Realty
(605) 702-4681
75 Total Sales
1 in West Rapid City
$235,000 Price
-
Sandy Donahue
Sandy Donahue
Responds QuicklyRE/MAX In The Hills
(605) 340-1892
74 Total Sales
1 in West Rapid City
$365,000 Price
-
Phil Lampert
Phil Lampert
Lampert Properties
(605) 501-6279
103 Total Sales
1 in West Rapid City
$313,000 Price
-
Michelle Chenoweth
Michelle Chenoweth
EXP REALTY
(605) 570-5950
197 Total Sales
6 in West Rapid City
$140K - $331K Price Range
-
VICTORIA QUEEN
VICTORIA QUEEN
BUY HOME BLACK HILLS PROPERTIES, LLC
(970) 410-1691
42 Total Sales
5 in West Rapid City
$188K - $496K Price Range
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 |
|---|---|---|---|
| $345,000 | -- |
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 |
|---|---|---|---|---|
| 12/29/2021 12/29/21 | Sold | $345,000 | -1.1% | $138 / Sq Ft |
| 10/12/2021 10/12/21 | Price Changed | $349,000 | -5.7% | $140 / Sq Ft |
| 10/02/2021 10/02/21 | For Sale | $369,900 | -- | $148 / Sq Ft |
Source: Black Hills 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 | $4,486 | $336,000 | $34,900 | $301,100 |
| 2024 | $4,452 | $325,900 | $33,300 | $292,600 |
| 2023 | $4,301 | $308,500 | $31,400 | $277,100 |
| 2022 | $3,448 | $227,100 | $29,900 | $197,200 |
| 2021 | $2,804 | $168,500 | $29,900 | $138,600 |
| 2020 | $2,017 | $117,000 | $26,000 | $91,000 |
| 2019 | $1,884 | $110,300 | $26,000 | $84,300 |
| 2018 | $1,847 | $107,500 | $26,000 | $81,500 |
| 2017 | $1,905 | $108,100 | $26,000 | $82,100 |
| 2016 | $2,053 | $105,000 | $26,000 | $79,000 |
| 2015 | $2,053 | $107,800 | $26,000 | $81,800 |
| 2014 | $1,775 | $90,600 | $26,000 | $64,600 |
Source: Public Records
Agents Affiliated with this Home
-
Ariel Rudland
Seller's Agent in 2021
Ariel Rudland
WEST RIVER REALTY, LLC
(605) 786-4816
7 in this area
198 Total Sales
-
Scott Henrikson
Buyer's Agent in 2021
Scott Henrikson
KELLER WILLIAMS REALTY BLACK HILLS
(970) 556-4513
20 in this area
140 Total Sales
Map
Source: Black Hills Association of REALTORS®
MLS Number: 156428
APN: 0023955
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.
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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