409 S Madison Ave New Underwood, SD 57761
Estimated payment $1,579/month
Highlights
- Public Water Access
- Balcony
- Private Entrance
- City View
- Garage
About This Home
Fantastic rental property!! Both units include 2 bedrooms 1 bath, with unit 1 access to attached single car garage. Both units recently updated. Cap rate is 8%.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,753
Year Built
- Built in 1950
Parking
- Garage
Property Views
- City
- Trees
Home Design
- Duplex
- Side-by-Side
- Composition Roof
- Hardboard
Outdoor Features
- Public Water Access
- Balcony
Utilities
- Radiant Heating System
- Public Septic
Additional Features
- Crawl Space
- Private Entrance
Community Details
Overview
- 2 Units
- Madsen Addn Subdivision
Building Details
- Insurance Expense $1,500
- Maintenance Expense $1,000
- Professional Management Expense $3,090
- Water Sewer Expense $2,100
- Gross Income $30
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,753 | $104,100 | $30,400 | $73,700 |
| 2024 | $1,753 | $99,200 | $30,400 | $68,800 |
| 2023 | $1,811 | $104,500 | $27,600 | $76,900 |
| 2022 | $1,679 | $87,900 | $23,000 | $64,900 |
| 2021 | $1,240 | $68,600 | $17,700 | $50,900 |
| 2020 | $1,283 | $68,600 | $14,200 | $54,400 |
| 2019 | $1,112 | $56,700 | $14,200 | $42,500 |
| 2018 | $1,101 | $54,800 | $14,200 | $40,600 |
| 2017 | $1,144 | $55,400 | $14,200 | $41,200 |
| 2016 | $1,234 | $55,600 | $14,200 | $41,400 |
| 2015 | $1,234 | $58,200 | $14,200 | $44,000 |
| 2014 | $1,230 | $57,000 | $14,200 | $42,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | For Sale | $268,900 | +273.5% | -- |
| 06/16/2022 06/16/22 | Sold | $72,000 | -24.2% | $46 / Sq Ft |
| 04/25/2022 04/25/22 | Price Changed | $95,000 | -9.5% | $60 / Sq Ft |
| 03/31/2022 03/31/22 | For Sale | $105,000 | +54.6% | $67 / Sq Ft |
| 06/14/2013 06/14/13 | Sold | $67,900 | -14.6% | $42 / Sq Ft |
| 05/08/2013 05/08/13 | Pending | -- | -- | -- |
| 02/01/2013 02/01/13 | For Sale | $79,500 | -- | $49 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $69,285 | Stand Alone Refi Refinance Of Original Loan |
Source: Black Hills Association of REALTORS®
MLS Number: 175361
APN: 0005478
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