$850,000

4101 Penrose Place Rapid City, SD 57702

Sheridan Lake Road Neighborhood

Estimated payment $5,230/month

Total Views 4,512
4 Beds
4 Baths
2,856 Sq Ft
$298 Price per Sq Ft

Highlights

  • Popular Property
  • 3.3 Acre Lot
  • Vaulted Ceiling
  • Views of Trees
  • Wooded Lot
  • Ranch Style House

About This Home

A Rare Opportunity on a Premier Street. This 3,192 square foot home is nestled on 3.3 private acres in one of the area’s most coveted neighborhoods. This property is being offered for just the second time—and has remained in the same family since 1978. Built in 1973, with 4 bedrooms, 2 baths, 2 half baths, and a two-car garage, the main level showcases a clean, modern aesthetic with expansive windows, open living spaces, warm Black Hills pine floors, and panoramic views that stretch over a stunning pine-filled canyon and beyond. The natural landscape provides both beauty and privacy, creating a peaceful setting just minutes from town. The walk-out lower level features a spacious flex room—perfect for a home office, gym, guest suite, or hobby space—as well as generous additional living space and storage. Whether you choose to move in and enjoy or gradually update over time, the layout offers a solid foundation with exciting potential in a neighborhood where well-designed improvements are highly valued. Homes in this area are rarely available, and this one offers a unique opportunity to create your story in a truly special setting that simply can’t be replicated.

Listing Agent

Lori Barnett

Engel & Völkers Listed on: 06/21/2025

Engel & Völkers

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,264

Year Built

  • Built in 1973

Lot Details

  • 3.3 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Property Views

  • Trees
  • Hills
  • Neighborhood

Home Design

  • Ranch Style House
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,856 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert

Kitchen

  • Electric Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Bathroom
  • <<tubWithShowerToken>>
  • Shower Only

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Sump Pump

Parking

  • 2 Car Garage
  • Tuck Under Garage
  • Garage Door Opener

Utilities

  • Central Air
  • Hot Water Heating System
  • Septic System

Community Details

  • Carriage Hills Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,264

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Single Family
  • Style: Ranch
  • Lvt Date: 06/21/2025
  • Personal Property: Dryer, Refrigerator, Range/Oven-Electric-FS, Washer
  • View: Hills, Trees, Neighborhood
  • Year Built: 1973
  • Agent Only_ L A1 User Code: 1071
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fan, Dishwasher Built-In, Fireplace, Garage Door Opener, Master Bath, Range/Oven Electric BI, Sump Pump, Vaulted Ceiling
  • Flooring: Carpet, Hardwood
  • Number of Fireplaces: One
  • Bedrooms: Four
  • Master Bedroom: Size: 12X15, On Level: M
  • Bedroom 2: On Level: M, Size: 11X13
  • Bedroom 3: On Level: M, Size: 8X11
  • Bedroom 4: On Level: L, Size: 10X12
  • Bathroom Description: Shower Only, Shower/Tub
  • Full Three Quarter Bathrooms: Two
  • Half Bathroom: Two
  • Fireplace: Insert Unit
  • Basement: Yes
  • Dining Room: Breakfast Bar, Breakfast Nook, Combination, On Level: M, Size: 9X15
  • Kitchen: Size: 15X10, On Level: M
  • Family Room: Size: 30X15, On Level: B
  • Living Room: Size: 15X18, On Level: M
  • Total Finished Sq Ft: 2856
  • Main Floor Laundry: Yes
  • Total Square Foot: 3192
  • Total Square Foot Keyword: 3500-3999

Exterior Features

  • Construction: Preowned/Resale
  • Construction: Wood
  • Foundation: Basement, Walkout
  • Driveway Exposure: South
  • Roofing: Composition

Garage/Parking

  • Garage Type: Drive Under
  • Garage Size: 25X32
  • Garage Capacity: Two Car

Utilities

  • Air Conditioner: Electric, Central
  • Air Conditioner: Yes
  • Electric Services: Breaker
  • Flood Insurance: Not Required
  • Heating: Hot Water
  • Utilities: BHE-Electric, MDU- Gas, Septic, Association Water

Schools

  • School District: Rapid City

Lot Info

  • Acreage: 5-10 Acres
  • Lot Type: Hills/Wooded, Rolling
  • Number Of Acres: 3.3

Tax Info

  • Year: 24
  • Taxes: 6,264.48

MLS Schools

  • School District: Rapid City

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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
2024 $6,408 $565,200 $192,300 $372,900
2023 $7,011 $605,600 $183,000 $422,600
2022 $5,708 $465,000 $140,500 $324,500
2021 $5,246 $376,400 $127,700 $248,700
2020 $5,413 $376,600 $127,700 $248,900
2019 $5,034 $358,600 $127,700 $230,900
2018 $4,608 $347,300 $127,700 $219,600
2017 $4,744 $325,100 $127,700 $197,400
2016 $4,873 $319,500 $116,100 $203,400
2015 $4,873 $320,500 $116,100 $204,400
2014 $4,876 $314,300 $116,100 $198,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2025 06/21/25 For Sale $850,000 -- $298 / Sq Ft
Source: Black Hills Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Source: Public Records

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Source: Black Hills Association of REALTORS®

MLS Number: 174383

Black Hills Association of REALTORS®

APN: 0021797

South Dakota Pennington County Rapid City 57702 Sheridan Lake Road

4101 Penrose Place, Rapid City, SD

This home is located at 4101 Penrose Place, Rapid City, SD 57702 and is currently priced at $850,000, approximately $297 per square foot. This property was built in 1973. 4101 Penrose Place is a home located in Pennington County with nearby schools including Corral Drive Elementary School, Southwest Middle School, and Stevens High School.

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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.

Nearby Homes
Lori Barnett
Listing Agent
Lori Barnett
Section Image
Engel & Völkers
(605) 210-5954