NOT LISTED FOR SALE

47753 Center St Elk Point, SD 57025

Estimated Value: $130,936 - $184,000

6 Beds
3 Baths
2,780 Sq Ft
$57/Sq Ft Est. Value

Last Sold August 16, 2019

Last sale price $85,000 $31 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $890/month

91 Days on Market

Highlights

  • Landscaped with Trees
  • Garden
  • Level Lot
  • Elk Point-Jefferson High School Rated 9+
  • Baseboard Heating

About This Home

As of August 2019

HIDDEN INVESTORS DREAM! This hidden gem is waiting for a new investor. Conveniently located for Akron, Westfield, Elk Point and even Vermillion renters! This former school has great cash flow and excellent rental history. And as for condition, it is ROCK SOLID with a dry, poured foundation, 11 foot ceilings, original tin ceilings, open floor plans, 2 bedrooms in each unit, separate utilities (except water), gorgeous maple floors and designated parking. Vinyl siding, large lot (build an extra storage building) and a new roof in 2017! (Rent on Unit 2 is $350, as that tenant mows the entire property.) Check out the photos!

Last Agent to Sell the Property

Kevin Archer

Keller Williams Siouxland Listed on: 04/08/2019

Keller Williams Siouxland

Last Buyer's Agent

Kevin Archer

Keller Williams Siouxland Listed on: 04/08/2019

Keller Williams Siouxland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $727

Year Built

  • Built in 1928

Lot Details

  • 0.96 Acre Lot
  • Level Lot
  • Landscaped with Trees
  • Garden

Parking

  • Gravel Driveway

Home Design

  • 2,780 Sq Ft Home

Schools

  • Elk Point Elementary And Middle School
  • Elk Point High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Rural Water
  • Septic System
  • Internet Available

Community Details

  • 3 Units
  • Gross Income $17,400

Listing and Financial Details

  • Assessor Parcel Number 22.01.17.1020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$727

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Class: Multi-Unit
  • Type: Multi-Unit
  • Property Features: Garden, Level Lot, Trees
  • Legal Description: LOTS 31-32-33-34-36 & E50' OF 35 BLK 17 RICHLAND TOWN
  • Year Built: 1928
  • School Middle Junior: Elk Point
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 2780
  • Main Level Sq Ft: 1680
  • Sq Ft Below Grade Finishe: 1100

Garage/Parking

  • Internet: Yes
  • Driveway: Gravel

Utilities

  • Air Conditioning Type: Window Unit
  • Flood Insurance: Not Required
  • Fuel Type: Electric
  • Heat Type: Baseboard
  • Sewer Type: Septic
  • Water Type: Rural Water

Lot Info

  • Acres: 0.96
  • Lot Sq Ft: 350x120
  • Parcel Number: 22.01.17.1020

Rental Info

  • Paid By Electric: Tenant
  • Paid By Gas: Owner
  • Paid By Water: Owner

Tax Info

  • Year: 2018
  • Gross Taxes: 727

Multi Family

  • Electric Separate By Unit: Yes
  • Gross Income: 17400
  • Heat Separate By Unit: Yes
  • Number Of Units: 3

MLS Schools

  • School Elementary: Elk Point
  • School High: Elk Point

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2019
Closed on
Aug 7, 2019
Sold by
Johnson Marjo Mae
Bought by
Waterman Daniel
Seller's Agent
Kevin Archer
Keller Williams Siouxland
Buyer's Agent
Kevin Archer
Keller Williams Siouxland
List Price
$99,950
Sold Price
$85,000
Premium/Discount to List
-$14,950
-14.96%
Current Estimated Value
$153,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,547
Avg. Annual Appreciation
10.10%
Original Mortgage
$85,000
Outstanding Balance
$74,283
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$83,185

Purchase Details

Closed on
Oct 22, 2009
Sold by
Robinson Geeg and Robinson Gregg
Bought by
Rupp Doug
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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Purchase History

Date Buyer Sale Price Title Company
Waterman Daniel $85,000 None Available
Rupp Doug $27,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Waterman Daniel $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2019 08/16/19 Sold $85,000 -15.0% $31 / Sq Ft
07/08/2019 07/08/19 Pending -- -- --
04/08/2019 04/08/19 For Sale $99,950 +17.6% $36 / Sq Ft
03/15/2016 03/15/16 Sold $85,000 -5.5% -- View Prior Sale
02/05/2016 02/05/16 Pending -- -- --
11/19/2015 11/19/15 For Sale $89,900 -3.3% --
11/20/2013 11/20/13 Sold $93,000 +9.5% -- View Prior Sale
10/04/2013 10/04/13 Pending -- -- --
09/10/2013 09/10/13 For Sale $84,900 -- --
Source: Northwest Iowa Regional Board 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 $1,060 $76,780 $21,483 $55,297
2024 $1,060 $76,780 $21,483 $55,297
2023 $1,205 $76,782 $21,485 $55,297
2022 $767 $76,782 $21,485 $55,297
2021 $759 $48,552 $21,485 $27,067
2020 $748 $47,263 $21,485 $25,778
2019 $727 $47,263 $21,485 $25,778
2018 $726 $47,263 $21,485 $25,778
2017 $553 $47,263 $21,485 $25,778
2016 $623 $47,263 $0 $47,263
2015 $623 $47,263 $0 $47,263
2014 $881 $47,263 $21,485 $25,778
2013 $879 $47,263 $21,485 $25,778
2012 $879 $47,263 $21,485 $25,778
Source: Public Records

Agents Affiliated with this Home

  • Kevin Archer

    Seller's Agent in 2019

    Kevin Archer

    Keller Williams Siouxland

    (712) 259-6237

    169 Total Sales

    Kevin Archer
    Section Image

  • J

    Seller's Agent in 2016

    John Herrity

    Herrity & Associates

  • Troy Donnelly

    Buyer Co-Listing Agent in 2013

    Troy Donnelly

    Herrity & Associates

    (712) 899-3748

    166 Total Sales

    Troy Donnelly
    Section Image
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Map

Source: Northwest Iowa Regional Board of REALTORS®

MLS Number: 804489

Northwest Iowa Regional Board of REALTORS®

APN: 22.01.17.1020

South Dakota Union County Elk Point 57025

47753 Center St, Elk Point, SD

Not Listed for Sale

MultiFamily

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Northwest Iowa Regional Board of REALTORS® Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable, but not guaranteed.

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