NOT LISTED FOR SALE

514 E Madison St Rapid City, SD 57701

North Rapid City Neighborhood

Estimated Value: $195,000 - $233,000

2 Beds
2 Baths
1,200 Sq Ft
$181/Sq Ft Est. Value

Last Sold April 07, 2023

Last sale price $185,500 $155 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,299/month

20 Days on Market

Highlights

  • Ranch Style House
  • 1 Car Detached Garage
  • Shed
  • Covered Patio or Porch
  • Bathroom on Main Level
  • Forced Air Heating System

About This Home

As of April 2023

If you'd like to acquire a turnkey property, this is it. Amazing charm and character both upstairs and downstairs. Wood accents and trim throughout. Lots of little touches that really show off that 1938 style and personality. Check out the pictures and you'll see that charm in abundance. One bedroom upstairs and one downstairs. There's a nice one car garage and huge shed with a floor. There is a very nice front porch on the upper level. East and west foundation walls have been re-poured a few years ago.

Last Agent to Sell the Property

Dan Martin

Re/Max Results License #11960 Listed on: 02/10/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,036

Year Built

  • Built in 1938

Lot Details

  • 6,970 Sq Ft Lot
  • Subdivision Possible

Parking

  • 1 Car Detached Garage

Home Design

  • 1,200 Sq Ft Home
  • Ranch Style House
  • Frame Construction
  • Composition Roof
  • Wood Siding

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch
  • Shed

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • Electric Oven or Range
  • Laundry on main level
  • Basement

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,036

Year Built

Built in 1938

Lot Details

0

Parking

1

Listing Details

  • Class: RESIDENTIAL
  • Type: Site Built
  • Estimated Total Finished Sq Ft: 1200
  • Basement Bathrooms: 1
  • Basement Bedrooms: 1
  • Full Three Quarter Bathrooms: 2
  • Main Level Bathrooms: 1
  • Main Level Number Bedrooms: 1
  • Personal Property: Refrigerator, Electric Range Oven
  • Sq Ft Above Grade: 1200
  • Style: Ranch
  • Subdivision Yn: Yes
  • Utilities Electric: Black Hills Energy
  • Utilities Gas: MDU
  • Year Built: 1938
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Yes
  • Basement: Yes
  • Estimated Sq Ft: 1000 - 1499
  • Estimated Total Sq Ft: 1200
  • Interior: Carpet, Vinyl Flooring
  • Main Floor Laundry: Yes
  • Number Of Bedrooms: 2
  • Total Sq Ft: 1200

Exterior Features

  • Construction: Frame
  • Exterior: Shed
  • Patio Deck: Porch Covered
  • Roof: Composition
  • Siding: Wood Siding

Garage/Parking

  • Garage Type: Detached
  • Garage: One Car
  • Garage Spaces: 1 Stall
  • Garage Type: Detached

Utilities

  • Heating: Natural Gas, Forced Air
  • Utilities Sewer: City
  • Water: City

Schools

  • School District: Rapid City

Lot Info

  • Acreage: Less than 0.5
  • Number Of Acres: 0.16

Tax Info

  • RE Taxes: 2036
  • Re Tax Year: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2023
Closed on
Apr 7, 2023
Bought by
Alt Rentals Llc
Seller's Agent
Dan Martin
Re/Max Results
List Price
$182,000
Sold Price
$185,500
Premium/Discount to List
$3,500
1.92%
Views
88
Current Estimated Value
$217,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,941
Avg. Annual Appreciation
5.90%
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
Alt Rentals Llc $185,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/07/2023 04/07/23 Sold $185,500 +1.9% $155 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/10/2023 02/10/23 For Sale $182,000 +93.6% $152 / Sq Ft
09/25/2014 09/25/14 Sold $94,000 -1.1% -- View Prior Sale
09/11/2014 09/11/14 Pending -- -- --
08/11/2014 08/11/14 For Sale $95,000 -- --
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 $1,943 $169,400 $39,700 $129,700
2024 $1,943 $173,400 $39,700 $133,700
2023 $2,295 $161,600 $30,500 $131,100
2022 $2,036 $134,100 $27,700 $106,400
2021 $1,732 $103,500 $24,400 $79,100
2020 $1,740 $100,600 $24,400 $76,200
2019 $1,620 $95,900 $24,400 $71,500
2018 $1,518 $92,100 $24,400 $67,700
2017 $1,638 $88,500 $24,400 $64,100
2016 $1,786 $90,000 $24,400 $65,600
2015 $1,786 $93,500 $26,000 $67,500
2014 $1,200 $60,800 $26,000 $34,800
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Dan Martin

    RE/MAX

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 75247

Mount Rushmore Area Association of REALTORS®

APN: 0034659

South Dakota Pennington County Rapid City 57701 North Rapid City

514 E Madison St, Rapid City, SD

Not Listed for Sale

Detached

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