NOT LISTED FOR SALE

401 Racine St Rapid City, SD 57701

North Rapid City Neighborhood

Estimated Value: $182,000 - $207,000

4 Beds
2 Baths
-- Sq Ft
5,227 Sq Ft Lot

Last Sold June 08, 2018

Last sale price $130,000

Est. 49% increase in value since last sale

Current estimated payment $1,172/month

122 Days on Market

Highlights

  • Public Water Access
  • Separate Formal Living Room
  • Private Entrance
  • City View
  • Garage
  • Heating System Uses Gas

About This Home

As of June 2018

Up and Down Duplex with Great Rental History. $1500 a month in rent! Great money making opportunity! 2 Bed 1 Bath up. Many nice upgrades in the last few years. Rents for $750 with garage. 2 Bed 1 Bath Lower Unit updated in last few years. $750 Rent. Renters pay all utilities. Gas heat up, electric heat down. Listed by Tony Hensley, RE/MAX Results, 391-2825. Call for a showing today.

Last Agent to Sell the Property

Anthony Hensley

RE/MAX RESULTS Listed on: 01/22/2018

RE/MAX RESULTS

Last Buyer's Agent

Anthony Hensley

RE/MAX RESULTS Listed on: 01/22/2018

RE/MAX RESULTS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,271

Year Built

  • Built in 1949

Lot Details

  • 5,227

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • Separate Formal Living Room
  • City Views
  • Basement

Parking

  • Garage
  • On-Street Parking

Utilities

  • Heating System Uses Gas
  • Public Septic

Additional Features

  • Public Water Access
  • Private Entrance

Community Details

Overview

  • 2 Units
  • Schnasse Subdivision

Building Details

  • Gross Income $17,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,271

Year Built

Built in 1949

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Up & Down
  • Lvt Date: 01/22/2018
  • View: City
  • Year Built: 1949
  • Includes: Some Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance

Exterior Features

  • Construction: Wood
  • Foundation: Basement
  • Roof: Composition

Garage/Parking

  • Parking: Street, Garage

Utilities

  • Heating: Electric, Gas
  • Sewer: City
  • Water: City

Lot Info

  • Lot Size: .12
  • Lot Type: Flat, Corner
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: Six Month Lease
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Tenant
  • Who Pays Water Sewer: Tenant

Tax Info

  • Year: 2017
  • Taxes: 1270.72

Multi Family

  • Number Of Units: 2
  • Vacancy Rate: 0 - 5%
  • Unit Features: All Units, Hookups, Window Coverings, Formal Living Room

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2018
Closed on
Jun 7, 2018
Bought by
Blomme Kraig and Blomme Corinne
Seller's Agent
Anthony Hensley
RE/MAX RESULTS
Buyer's Agent
Anthony Hensley
RE/MAX RESULTS
List Price
$144,900
Sold Price
$130,000
Premium/Discount to List
-$14,900
-10.28%
Current Estimated Value
$194,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,213
Avg. Annual Appreciation
5.36%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Blomme Kraig $130,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $130,000 -10.3% --
05/24/2018 05/24/18 Pending -- -- --
01/22/2018 01/22/18 For Sale $144,900 -- --
Source: Black Hills 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 $2,050 $146,900 $30,100 $116,800
2024 $2,050 $149,600 $30,100 $119,500
2023 $1,986 $140,000 $23,500 $116,500
2022 $1,766 $116,300 $21,300 $95,000
2021 $1,927 $115,600 $22,800 $92,800
2020 $1,915 $111,200 $22,800 $88,400
2019 $1,385 $104,000 $22,800 $81,200
2018 $1,286 $78,900 $22,800 $56,100
2017 $1,397 $75,100 $22,800 $52,300
2016 $1,305 $76,900 $22,800 $54,100
2015 $1,305 $68,300 $26,000 $42,300
2014 $1,325 $67,500 $26,000 $41,500
Source: Public Records

Agents Affiliated with this Home

  • Anthony Hensley

    Seller's Agent in 2018

    Anthony Hensley

    RE/MAX

    (605) 391-2825

    3 in this area

    64 Total Sales

    Anthony Hensley
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 137369

Black Hills Association of REALTORS®

APN: 0045913

South Dakota Pennington County Rapid City 57701 North Rapid City

401 Racine St, Rapid City, SD

Not Listed for Sale

MultiFamily

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Black Hills Association of REALTORS® 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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