NOT LISTED FOR SALE

505 N Rainbow Rd Spearfish, SD 57783

Estimated Value: $406,000 - $468,000

3 Beds
1.5 Baths
1,200 Sq Ft
$360/Sq Ft Est. Value

Last Sold October 14, 2014

Last sale price $220,000 $183 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $2,512/month

10 Days on Market

Highlights

  • 2 Acre Lot
  • Living Room with Fireplace
  • Partially Wooded Lot
  • Deck
  • Ranch Style House
  • Lawn

About This Home

As of October 2014

This private, country home is just minutes to Spearfish and a hop, skip and a jump to Deadwood. Nestled on 2 acres of shade trees, whispering pines and apple trees, you will appreciate the 2400 sq. ft. home with large 30x41 shop and a detached, oversized 2+ car garage for all your needs. The views will take your breath away! The partially finished basement will not require much to complete and has the potential for two additional bedrooms and a full bath. Roof was replaced in April, 2014 and new vinyl windows were installed in 2010. A new window air conditioning unit was installed in 2012. Buyer is responsible for verifying all information on this MLS document.

Last Agent to Sell the Property

Pattie Parrett

The Real Estate Center of Spearfish License #12977 Listed on: 08/25/2014

Last Buyer's Agent

Jim Allison

Allison Real Estate License #12804

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • 2 Acre Lot
  • Partially Wooded Lot
  • Landscaped with Trees
  • Lawn

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • Ranch Style House
  • Composition Roof
  • Block Exterior

Interior Spaces

  • 1,200 Sq Ft Home
  • Window Treatments
  • Living Room with Fireplace
  • Carpet
  • Basement
  • Laundry in Basement

Kitchen

  • Electric Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Outbuilding

Utilities

  • Refrigerated and Evaporative Cooling System
  • Pellet Stove burns compressed wood to generate heat
  • Well
  • Electric Water Heater
  • Water Softener is Owned
  • On Site Septic

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0

Parking

2

Listing Details

  • Class: RESIDENTIAL
  • Type: Site Built
  • Estimated Total Finished Sq Ft: 1200
  • Basement Bathrooms: 1
  • Basement Laundry: y
  • Basement Bedrooms: 1
  • Basement Substructure: Full Basement, Unfinished, Block Foundation
  • Estimated Size Bedroom 2: 12X11
  • Estimated Size Bedroom 3: 11X11
  • Deck Comments: Open views
  • Deck: Yes
  • Estimated Dining Room Size: 10X14
  • Dining Rm Level: M
  • Full Three Quarter Bathrooms: 1
  • Estimated Kitchen Size: 10X14
  • Estimated Living Room Size: 23X14
  • Living Rm Comments: Pellet Stove
  • Living Rm Level: M
  • Main Level Bathrooms: 1
  • Main Level Number Bedrooms: 2
  • Estimated Primary Bedroom Size: 12X11
  • Master Bedrm Level: M
  • Other Rm1 Approx Size: 43X42
  • Other Rm1 Comments: Under Remodel; Wood Stove
  • Other Rm1 Level: B
  • Personal Property: Dishwasher, Refrigerator, Electric Range Oven, Washer, Dryer, Water Softener Owned, Window Coverings(All)
  • Sq Ft Above Grade: 1200
  • Style: Ranch
  • Utilities Electric: Black Hills Energy
  • Warranty Program: As Is
  • Year Built: 1976
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Half Bathrooms: 1
  • Basement: Yes
  • Basement: Yes
  • Fireplace Type: In Living Room, Pellet Stove
  • Estimated Sq Ft: 2000 - 2499
  • Estimated Total Sq Ft: 2400
  • Bedroom 2 Level: M
  • Bedroom 3 Comments: Non-Conforming Remodel
  • Bedroom 3 Level: B
  • Interior: Carpet, Garage Door Opener
  • Kitchen Level: M
  • Laundry: Basement
  • Number Of Bedrooms: 3
  • Total Sq Ft: 2400

Exterior Features

  • Construction: Block
  • Landscaping: Lawn, Trees
  • Exterior: Paved Street, Outbuildings
  • Patio Deck: Open Deck
  • Roof: Composition
  • Siding: Concrete

Garage/Parking

  • Garage Type: Detached
  • Garage Size: 41x26
  • Garage: Two Car
  • Garage Spaces: 2 Stalls
  • Garage Type: Detached

Utilities

  • Air Conditioner: Yes
  • Average Electric: $200
  • Cooling: Refrig. Wall Unit
  • Heating: Electric, Pellet Stove
  • Utilities Sewer: Septic
  • Water: Well
  • Water Heater: Electric

Lot Info

  • Acreage: 1.1 - 5
  • Flood Plain: Unknown
  • Lot Description: Partially Wooded, View Lot
  • Number Of Acres: 2

Tax Info

  • RE Taxes: $1,966
  • Re Tax Year: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2014
Closed on
Oct 14, 2014
Sold by
Rodriguez Angela M and Rodriguez Yvonne
Bought by
Dahl Julie A
Seller's Agent
Pattie Parrett
The Real Estate Center of Spearfish
Buyer's Agent
Jim Allison
Allison Real Estate
List Price
$235,000
Sold Price
$220,000
Premium/Discount to List
-$15,000
-6.38%
Current Estimated Value
$431,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,475
Avg. Annual Appreciation
6.20%
Original Mortgage
$209,000
Outstanding Balance
$160,992
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$270,483
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dahl Julie A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dahl Julie A $209,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2014 10/14/14 Sold $220,000 -6.4% $183 / Sq Ft
09/04/2014 09/04/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $235,000 -- $196 / 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 $2,934 $334,720 $81,000 $253,720
2024 $2,934 $312,490 $55,000 $257,490
2023 $2,188 $214,710 $54,000 $160,710
2022 $2,113 $190,100 $44,000 $146,100
2021 $2,103 $190,100 $0 $0
2019 $2,062 $176,820 $0 $0
2018 $2,063 $175,550 $0 $0
2017 $2,051 $175,550 $0 $0
2016 $2,164 $175,550 $0 $0
2015 $2,164 $174,270 $0 $0
2014 $1,994 $157,840 $0 $0
2013 -- $154,810 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 46018

Mount Rushmore Area Association of REALTORS®

APN: 21400-00603-171-05