NOT LISTED FOR SALE

430 Main St Sturgis, SD 57785

Estimated Value: $328,942

Studio
-- Bath
4,000 Sq Ft
$82/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $225,000 $56 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,109/month

11 Days on Market

About This Home

As of July 2020

Well kept income producing property. Extremely clean 2 bedroom, 1 bath units with off street parking. 4-plex with low vacancy rate.Looking for great investment property? Clean well kept, well managed, low maintenance apartment building. This listing is a 4 plex on East Main Street. The building has 4 units. Units each have a refrigerator, range, and dishwasher. Building has coin operated washer and dryer for tenants use. Cement parking lot labeled for tenants. Very low vacancy rate with several long term tenants.

Last Agent to Sell the Property

Dixie Olson

Properties Unlimited Realty License #4756 Listed on: 05/27/2020

Co-Listed By

Toby Rath

Properties Unlimited Realty License #11642

Last Buyer's Agent

Suzanne Nelson

Properties Unlimited Realty License #13616

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,340

Year Built

  • Built in 1993

Lot Details

  • 8,712

Parking

  • Paved Parking

Home Design

  • 4,000 Sq Ft Home
  • Quadruplex
  • Frame Construction
  • Composition Roof
  • Stucco

Utilities

  • Evaporated cooling system
  • Baseboard Heating
  • Hot Water Heating System
  • 220 Volts

Additional Features

  • Electric Oven or Range
  • 8,712 Sq Ft Lot

Community Details

  • 4,000 Sq Ft Building

Listing and Financial Details

  • Tenant pays for gas/electric
  • The owner pays for water/sewer, real estate taxes, insurance, janitor
  • Month-to-Month Lease Term

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,340

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Fourplex
  • Basement Substructure: Completely Finished
  • Personal Property: Refrigerator, Electric Range Oven, Window Coverings (Some)
  • Safety Features: Smoke Detectors
  • Sq Ft Above Grade: 4000
  • Style: Up & Down
  • Systems: Breaker, 220V Service
  • Year Built: 1993
  • Estimated Building Sq Ft: 4000
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Master Meters, Individual Water Heaters
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Community Entrance
  • Total Sq Ft: 4000

Exterior Features

  • Construction: Frame
  • Exterior: Paved Street
  • Roof: Composition
  • Siding: Stucco

Garage/Parking

  • Parking: Paved

Utilities

  • Cooling: Wall Evap.
  • Heating: Baseboard, Hot Water

Schools

  • School District: Meade

Lot Info

  • Number Of Acres: 0.2

Rental Info

  • Tenant Pays: Gas/Electric
  • Owner Pays: Water/Sewer, Real Estate Taxes, Insurance, Janitor
  • Type of Tenancy: One Year Lease, Month to Month

Tax Info

  • RE Taxes: 4340.02
  • Re Tax Year: 19

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2022
Sold by
Guilmett and Kimberly
Bought by
Small Town Investors Llc
Current Estimated Value
$328,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Outstanding Balance
$360,473
Interest Rate
5.25%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$28,406
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
Small Town Investors Llc -- Thomson Law Pc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Small Town Investors Llc $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2020 07/10/20 Sold $225,000 0.0% $56 / Sq Ft
05/27/2020 05/27/20 For Sale $225,000 -- $56 / Sq Ft
Source: Mount Rushmore Area 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 $4,877 $302,567 $34,124 $268,443
2024 $4,877 $302,567 $34,124 $268,443
2023 $5,131 $302,567 $34,124 $268,443
2022 $5,080 $284,097 $28,437 $255,660
2021 $5,287 $260,855 $28,437 $232,418
2020 $4,340 $260,855 $28,437 $232,418
2019 $4,310 $209,505 $21,060 $188,445
2018 $4,396 $209,505 $21,060 $188,445
2017 $4,672 $209,505 $21,060 $188,445
2016 $0 $195,799 $0 $0
2015 $4,693 $195,799 $19,682 $176,117
2013 -- $195,799 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dixie Olson

    Seller's Agent in 2020

    Dixie Olson

    Properties Unlimited Realty

    (605) 347-1289

    90 in this area

    150 Total Sales

    Dixie Olson
    Section Image
  • Toby Rath

    Seller Co-Listing Agent in 2020

    Toby Rath

    Properties Unlimited Realty

    (605) 641-7251

    3 in this area

    17 Total Sales

    Toby Rath
    Section Image
  • Suzanne Nelson

    Buyer's Agent in 2020

    Suzanne Nelson

    Properties Unlimited Realty

    (605) 347-1488

    28 in this area

    61 Total Sales

    Suzanne Nelson
    Section Image
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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 64796

Mount Rushmore Area Association of REALTORS®

APN: 01.67.18.15

South Dakota Meade County Sturgis 57785

430 Main St, Sturgis, SD

Not Listed for Sale

MultiFamily

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