NOT LISTED FOR SALE

506 E Watertown St Unit 508 & 508 1/2 E. Wat Rapid City, SD 57701

North Rapid City Neighborhood

Estimated Value: $231,000 - $262,618

-- Bed
2 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold October 21, 2014

Last sale price $150,000

Est. 65% increase in value since last sale

Current estimated payment $1,627/month

11 Days on Market

Highlights

  • Public Water Access
  • 1-Story Property
  • Private Entrance
  • City View
  • Forced Air Heating System

About This Home

As of October 2014

These are two houses on the lot. 506 Rents for 750.00 per month and offers 4 bedrooms, 2 NTC and 1 & 1 1/2 Bath as well as a garage. 508 and 508 1/2 is a duplex and rents for 425.00 each unit. These offer 1 bed and 1 bath each with storage sheds. Great CAP rate for list price.

Last Agent to Sell the Property

Gary Messner

KELLER WILLIAMS REALTY BLACK HILLS Listed on: 08/28/2014

KELLER WILLIAMS REALTY BLACK HILLS

Last Buyer's Agent

Justin Carlyle

THE REAL ESTATE GROUP, INC.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,039

Year Built

  • Built in 1948

Lot Details

  • 10,454

Parking

  • Off-Site Parking

Home Design

  • Poured Concrete
  • Composition Roof
  • Hardboard

Interior Spaces

  • 1-Story Property
  • City Views
  • Fire and Smoke Detector

Utilities

  • Forced Air Heating System
  • Public Septic

Additional Features

  • Public Water Access
  • Private Entrance

Community Details

  • 3 Units
  • Schnasse Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,039

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Style: 1 Story
  • View: City
  • Year Built: 1948
  • Safety Features: Smoke Detectors
  • Includes: Refrigerator, Range/Oven
  • Agent Only_ L A1 User Code: 924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Entrance: Private Entrance

Exterior Features

  • Construction: Hardboard
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Off Site

Utilities

  • Heating: Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Lot Size: .24
  • Lot Type: Flat
  • Zoning: Unknown

Rental Info

  • Type of Tenancy: Month to Month
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant

Tax Info

  • Year: 2012
  • Taxes: 2039

Multi Family

  • Number Of Units: 3
  • Vacancy Rate: 0 - 5%

Range of Values:

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Average Value
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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

Mortgage History

Date Status Borrower Loan Amount
Closed Jackson Joseph M $117,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2014 10/21/14 Sold $150,000 +3.4% --
09/08/2014 09/08/14 Pending -- -- --
08/28/2014 08/28/14 For Sale $145,000 -- --
Source: Black Hills 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
2024 $3,136 $228,300 $44,000 $184,300
2023 $3,275 $230,500 $33,800 $196,700
2022 $2,902 $191,100 $30,700 $160,400
2021 $2,222 $132,500 $26,500 $106,000
2020 $2,242 $129,400 $26,500 $102,900
2019 $2,130 $124,800 $26,500 $98,300
2018 $2,014 $120,900 $26,500 $94,400
2017 $2,196 $117,200 $26,500 $90,700
2016 $2,360 $120,500 $26,500 $94,000
2015 $2,360 $123,400 $26,000 $97,400
2014 $2,052 $104,200 $26,000 $78,200
Source: Public Records

Agents Affiliated with this Home

  • Gary Messner

    Seller's Agent in 2014

    Gary Messner

    KELLER WILLIAMS REALTY BLACK HILLS

    (605) 391-3564

    19 Total Sales

    Section Image
  • Justin Carlyle

    Buyer's Agent in 2014

    Justin Carlyle

    THE REAL ESTATE GROUP, INC.

    (605) 381-3198

    6 in this area

    37 Total Sales

    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 119950

Black Hills Association of REALTORS®

APN: 0030962

South Dakota Pennington County Rapid City 57701 North Rapid City

506 E Watertown St Unit 508 & 508 1/2 E. Wat, Rapid City, SD

This home is located at 506 E Watertown St Unit 508 & 508 1/2 E. Wat, Rapid City, SD 57701 since 28 August 2014 and is currently estimated at $251,539. This property was built in 1948. 506 E Watertown St Unit 508 & 508 1/2 E. Wat is a home located in Pennington County with nearby schools including General Beadle Elementary School, North Middle School, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

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