NOT LISTED FOR SALE

322 Main St S Faith, SD 57626

Estimated Value: $108,665 - $330,000

Studio
-- Bath
2,447 Sq Ft
$77/Sq Ft Est. Value

Sale Details

Date Sold: May 6, 2016

Last sale price $55,000 $22 Per Sq Ft

Est. 242% increase in value since last sale

Current estimated payment $1,103 / mo

566 Days on Market

Highlights

  • Tennis Courts
  • Baseboard Heating
  • Private Entrance
  • Landscaped

About This Home

As of May 2016

This is a wonderful investment opportunity in the lovely town of Faith, South Dakota. There have been many updates to this property and there is an itemized informational document available on the mls. The building houses three lovely apartments which are rented consistently and an office space facing Main Street that is currently not rented. There is a tennis court next door. The spacious basement is used for storage currently and is handily accessed through large exterior double doors which lead to wide, easy steps entering the basement. There is power and the basement is spacious and dry. This would make a great shop area. The street level of the building is perfect in it's current residential rental use; however, with a little modifying it would make a nice family home or given it's location especially, it would be ideal as a store, clinic, or other commercial facility. For more information call or text (605) 645-9684 for Deb Stewart of RE/MAX In The Hills.

Last Agent to Sell the Property

Debra Stewart

RE/MAX In The Hills License #13588 Listed on: 08/18/2014

RE/MAX In The Hills

Last Buyer's Agent

Debra Stewart

RE/MAX In The Hills License #13588 Listed on: 08/18/2014

RE/MAX In The Hills

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $812

Year Built

  • Built in 1961

Lot Details

  • 10,454 Sq Ft Lot
  • Private Entrance
  • Landscaped

Parking

  • On-Street Parking

Home Design

  • 2,447 Sq Ft Home
  • Quadruplex
  • Side-by-Side
  • Composition Roof
  • Block Exterior

Kitchen

  • Electric Oven or Range
  • Microwave

Outdoor Features

  • Cove

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • 220 Volts

Listing and Financial Details

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

Community Details

Overview

  • 4,513 Sq Ft Building

Recreation

  • Tennis Courts

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$812

Year Built

Built in 1961

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Type: Fourplex
  • Basement Substructure: Partial Basement, Walkout, Unfinished, Outside Entrance Only, Block Foundation
  • Extras: Highway Access, Landscaped, Tennis
  • Personal Property: Refrigerator, Electric Range Oven, Microwave
  • Safety Features: Smoke Detectors
  • Sq Ft Above Grade: 2447
  • Style: Side/Side
  • Systems: 220V Service, Breaker
  • Year Built: 1961
  • Estimated Building Sq Ft: 4513
  • Includes: All Units, Microwave, Refrigerator, Range/Oven
  • Miscellaneous: Central Water Heater, Electric, Individual Heat & Air, Master Meters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: More than 1/Apartment, Private Entrance
  • Total Sq Ft: 4513

Exterior Features

  • Construction: Block
  • Exterior: Paved Street
  • Roof: Composition
  • Siding: Concrete

Garage/Parking

  • Parking: Street Parking

Utilities

  • Average Electric: 173.78
  • Heating: Electric, Baseboard, Hot Water, Cove

Schools

  • School District: Faith

Lot Info

  • Flood Plain: Unknown
  • Number Of Acres: 0.24

Rental Info

  • Pets Allowed: Yes
  • Tenant Pays: Rent Only
  • Owner Pays: Gas/Electric, Real Estate Taxes, Water/Sewer
  • Type of Tenancy: Negotiable

Tax Info

  • RE Taxes: 812.30
  • Re Tax Year: 15

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 26, 2010
Sold by
Birkeland Beverly
Bought by
Raventon Edward
Current Estimated Value
$187,888
Source: Public Records

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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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
Raventon Edward -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2016 05/06/16 Sold $55,000 -26.7% $22 / Sq Ft
03/06/2016 03/06/16 Pending -- -- --
08/18/2014 08/18/14 For Sale $75,000 -- $31 / Sq Ft
Source: Mount Rushmore Area Association of REALTORS®

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 $1,032 $76,220 $10,296 $65,924
2024 $1,286 $76,220 $10,296 $65,924
2023 $1,037 $67,131 $9,806 $57,325
2022 $1,062 $67,131 $9,806 $57,325
2021 $947 $58,375 $8,527 $49,848
2020 $859 $58,375 $8,527 $49,848
2019 $844 $53,068 $7,752 $45,316
2018 $798 $53,068 $7,752 $45,316
2017 $746 $49,596 $7,245 $42,351
2016 $0 $43,127 $0 $0
2015 $812 $43,127 $6,300 $36,827
2013 -- $38,660 $2,468 $36,192
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 46030

Mount Rushmore Area Association of REALTORS®

APN: 02.50.14.07

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