NOT LISTED FOR SALE
8 Beds
-- Bath
3,800 Sq Ft
1978 Built

Last Sold September 15, 2020

Last sale price $369,900 $97 Per Sq Ft

Highlights

  • City View
  • Fireplace
  • Central Air
  • Southwest Middle School Rated 9+
  • Interior Lot
  • Baseboard Heating

About This Home

As of September 2020

Listed by Brian Gill with CENTURY 21 ClearView Realty, 605-641-3465. Location, location! This well designed fourplex located in the very desirable Chapel Lane area in west Rapid City is a great opportunity! All units are 920 sq.ft. and each unit has their own heating/ac units, water heaters, washer/dryers and 2 entrances to each unit. The 2 upstairs units have wood burning fireplaces made from native slate. This great income property is in excellent condition, with all the furnaces/a/c units being replaced in the last 3 to 7 years. All appliances are newer as well. New roof in 2018. Less than 3% vacancy rate! Properties like these don't come up often so schedule a showing today!

Last Agent to Sell the Property

Brian Gill

CENTURY 21 CLEARVIEW REALTY Listed on: 07/17/2020

CENTURY 21 CLEARVIEW REALTY

Last Buyer's Agent

PAM HANSEN

BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY

BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1978

Lot Details

  • Interior Lot
  • Lot Has A Rolling Slope

Parking

  • Paved Parking

Property Views

  • City
  • Hills

Home Design

  • Quadruplex
  • Poured Concrete
  • Wood Frame Construction
  • Frame Construction
  • Composition Roof
  • Hardboard

Interior Spaces

  • 3,800 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Fire and Smoke Detector

Utilities

  • Central Air
  • Baseboard Heating
  • Public Septic

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • 4 Units
  • Chapel Lane Vlg Subdivision

Building Details

  • Water Sewer Expense $1,872
  • Gross Income $35

Property Details

Home Type

Multi-Family

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Fourplex
  • Style: 2 Story
  • Lvt Date: 07/17/2020
  • View: Hills, City
  • Year Built: 1978
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven, Dishwasher, Washer, Dryer
  • Miscellaneous: Separate Meters, Pet Restrictions, Individual Water Heaters, Individual Heat & Air, Dead Bolt Locks
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: More than 1 per Apt
  • Main Level Sq Ft: 1900
  • Total Sq Ft: 3800

Exterior Features

  • Construction: Frame, Hardboard, Wood
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Paved

Utilities

  • Air Conditioner: Electric, Central
  • Heating: Electric, Baseboard
  • Sewer: Association
  • Water: Association

Fee Information

  • Water Sewer Expenses: $1872

Lot Info

  • Lot Size: 0.17
  • Lot Type: Rolling, Interior
  • Zoning: Non-conforming

Rental Info

  • Type of Tenancy: 1 Year Lease, Month to Month
  • Who Pays Electricity: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2019
  • Taxes: $5,348.36

Multi Family

  • Number Of Units: 4
  • Vacancy Rate: 0 - 5%
  • Unit Features: Some Units, Window Coverings, Fireplace, Kit/DR Combo

Range of Values:

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Value Increase
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Percent Increase
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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
09/15/2020 09/15/20 Sold $369,900 0.0% $97 / Sq Ft
07/17/2020 07/17/20 For Sale $369,900 -- $97 / 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 $8,232 $585,900 $25,900 $560,000
2024 $8,232 $563,600 $25,900 $537,700
2023 $7,081 $467,300 $30,000 $437,300
2022 $6,348 $388,100 $30,000 $358,100
2021 $6,576 $367,900 $30,000 $337,900
2020 $5,523 $312,200 $30,000 $282,200
2019 $5,402 $301,600 $30,000 $271,600
2018 $5,322 $298,800 $30,000 $268,800
2017 $5,673 $297,500 $30,000 $267,500
2016 $5,834 $290,800 $30,000 $260,800
2015 $5,834 $289,500 $30,000 $259,500
2014 $5,891 $283,400 $30,000 $253,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Black Hills Association of REALTORS®

MLS Number: 150446

Black Hills Association of REALTORS®