NOT LISTED FOR SALE

313 E Watertown St Rapid City, SD 57701

North Rapid City Neighborhood

Estimated Value: $199,000 - $594,282

10 Beds
2 Baths
5,304 Sq Ft
$62/Sq Ft Est. Value

Last Sold September 02, 2014

Last sale price $306,000 $58 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,812/month

54 Days on Market

Highlights

  • Public Water Access
  • Forced Air Heating System
  • Private Entrance
  • City View

About This Home

As of September 2014

The property is 4 Duplexes on 4 individual lots. 313 has 2- 1 Bedroom units. 315 has 2- 1 Bedroom units. 317 has 2- 1 Bedroom units. 319 has 2- 2 Bedroom units. All units has separate Gas and Electric meters. Each building has had shingles replaced within the past 8 years. Owner, Jim Biers, is a real estate broker.

Last Agent to Sell the Property

Jim Biers

JIM L. BIERS REAL ESTATE Listed on: 04/24/2014

Last Buyer's Agent

Larry Petters

INACTIVE OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,730

Year Built

  • Built in 1947

Lot Details

  • 5,227

Home Design

  • Side-by-Side
  • Composition Roof
  • Stucco

Interior Spaces

  • 5,304 Sq Ft Home
  • City Views
  • Crawl Space
  • Fire and Smoke Detector

Utilities

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

Additional Features

  • Public Water Access
  • Private Entrance

Community Details

Overview

  • 8 Units
  • Schnasse Subdivision

Building Details

  • Electric Expense $100
  • Fuel Expense $100
  • Insurance Expense $4,220
  • Trash Expense $3,090
  • Water Sewer Expense $2,110
  • Gross Income $46,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,730

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: Side/Side
  • View: City
  • Year Built: 1947
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Individual Water Heaters, Individual Heat & Air
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance
  • Main Level Sq Ft: 5304
  • Total Sq Ft: 5304

Exterior Features

  • Construction: Stucco
  • Foundation: Crawl Space
  • Roof: Composition

Utilities

  • Heating: Forced Air, Gas
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 4,220
  • Electricity Expense: 100
  • Gas Expense: 100
  • Trash Expense: 3,090
  • Water Sewer Expenses: 2,110

Lot Info

  • Lot Size: .48 ACRE
  • Lot Type: Flat
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: Month to Month
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2013
  • Taxes: 3,730

Multi Family

  • Number Of Units: 8
  • Vacancy Rate: 0 - 5%
  • Unit Features: Kit/DR Combo, Inside Utility Room

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2014 09/02/14 Sold $306,000 -4.4% $58 / Sq Ft
06/17/2014 06/17/14 Pending -- -- --
04/24/2014 04/24/14 For Sale $320,000 -- $60 / Sq Ft
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
2025 $1,691 $136,500 $30,100 $106,400
2024 $1,691 $123,200 $30,100 $93,100
2023 $1,914 $134,900 $23,500 $111,400
2022 $1,698 $111,800 $21,300 $90,500
2021 $1,077 $64,200 $22,800 $41,400
2020 $1,083 $62,500 $22,800 $39,700
2019 $1,062 $61,100 $22,800 $38,300
2018 $1,012 $60,300 $22,800 $37,500
2017 $1,104 $58,900 $22,800 $36,100
2016 $1,263 $60,600 $22,800 $37,800
2015 $1,263 $66,100 $26,000 $40,100
2014 $902 $45,700 $26,000 $19,700
Source: Public Records

Agents Affiliated with this Home

  • Jim Biers

    Seller's Agent in 2014

    Jim Biers

    JIM L. BIERS REAL ESTATE

    (605) 342-8387

    1 in this area

    16 Total Sales

    Jim Biers
    Section Image

  • L

    Buyer's Agent in 2014

    Larry Petters

    INACTIVE OFFICE

    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 117804

Black Hills Association of REALTORS®

APN: 0031015

South Dakota Pennington County Rapid City 57701 North Rapid City

313 E Watertown St, Rapid City, SD

Not Listed for Sale

MultiFamily

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