NOT LISTED FOR SALE

515 S Rainbow Rd Spearfish, SD 57783

Estimated Value: $291,000 - $305,859

3 Beds
1 Bath
1,170 Sq Ft
$256/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $1,400,000 $1,197 Per Sq Ft

Current estimated payment $1,709/month

171 Days on Market

Highlights

  • Farm
  • Pasture
  • Level Lot

About This Home

As of June 2022

Property presented by Ashley S. Goodrich, SRS with RE/MAX In The Hills (605) 645-2479. What an incredible opportunity in Spearfish, South Dakota. This is approximately 80 +/- pristine acres is just minutes from Downtown Spearfish, Historic Deadwood, and lies in The Heart of The Black Hills in South Dakota. This acreage off of Rainbow Road is remarkable, the setting is one of a kind and remains to be a true gem in Spearfish, SD . It provides beautiful and easy access to the west parcel of land. There are income producing properties on the land that include a site build home built in 1920 (3 bedroom/ 1 bathroom/ 1,170 sq. ft.) that has been updated and in fantastic shape. The land improvements include: Electricity, city water, fiber optic cable and telephone lines that are located along Colorado Blvd and at the home site. Livestock water is provided by a well and the perimeter of the property is fenced. There is a city water pump house at the Northwest corner of the property. The northwest portion of the property (Approximately 40+/- acres is annexed into city limits. The SW 40 +/- acres is AG zoning.) There is approximately 79.68+/- deeded acres and the land is all one contiguous tract.

Last Agent to Sell the Property

Ashley S. Goodrich

RE/MAX In The Hills License #14485 Listed on: 12/17/2021

RE/MAX In The Hills

Last Buyer's Agent

Casey Raftevold

Great Peaks Realty License #17874

Property Details

Property Type

  • Other

Year Built

  • Built in 1920

Lot Details

  • Dirt Road
  • Level Lot

Home Design

  • 1,170 Sq Ft Home
  • Farm
  • Stick Built Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Bathroom

Farming

  • Farm
  • Pasture

Utilities

  • Well
  • On Site Septic

Property Details

Property Type

Other

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: FARM/RANCH
  • Type: Farm & Ranch
  • Sq Ft Above Grade: 1170
  • Utilities Electric: BHPL
  • Utilities Gas: MDU
  • Access: Public Access
  • Deed Acres: 79.68
  • Gas Supply: Gas Available
  • Home Type: Stick Built Home
  • Improved: Yes
  • Livestock Water: Well(s)
  • Number Of Deeded Acres: 79.68
  • Residence Year Built: 1920
  • Special Features: None
  • Property Sub Type: Other
  • Year Built: 1920

Interior Features

  • Bedrooms: 3
  • Total Sq Ft: 1170
  • Bathrooms: 1

Exterior Features

  • Road Surface: Gravel, Dirt/Clay

Utilities

  • Utilities Sewer: Septic
  • Water: City, Well

Lot Info

  • Acreage: 40 - 160 Acres
  • Flood Plain: Unknown
  • Improvements: Fenced Perimeter, Equipment Building, Livestock Building, Metal Building, Shed, Shop, Trees, Shelter Belts
  • Land Description: Pasture, Farm Land, CRP Acreage
  • Mineral Rights: Unknown
  • Topography: Level, Rolling, Sloping

Tax Info

  • RE Taxes: $1,867.53
  • Re Tax Year: 21

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $1,400,000 -12.5% $1,197 / Sq Ft
02/08/2022 02/08/22 Price Changed $1,600,000 -11.1% $1,368 / Sq Ft
12/17/2021 12/17/21 For Sale $1,800,000 -- $1,538 / 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 $1,632 $212,840 $88,520 $124,320
2024 $1,632 $197,130 $82,320 $114,810
2023 $1,643 $184,500 $80,370 $104,130
2022 $1,750 $213,953 $80,040 $133,913
2021 $1,795 $182,933 $0 $0
2019 $1,758 $175,870 $82,400 $83,470
2018 $1,780 $157,370 $0 $0
2017 $1,745 $158,310 $0 $0
2016 $1,728 $151,430 $0 $0
2015 $1,728 $144,290 $0 $0
2014 $1,655 $116,540 $0 $0
2013 -- $107,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ashley S. Goodrich

    Seller's Agent in 2022

    Ashley S. Goodrich

    RE/MAX

    (605) 645-2479

    114 in this area

    217 Total Sales

    Ashley S. Goodrich
    Section Image
  • Casey Raftevold

    Buyer's Agent in 2022

    Casey Raftevold

    Great Peaks Realty

    (605) 863-5282

    3 in this area

    55 Total Sales

    Casey Raftevold
    Section Image
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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 70701

Mount Rushmore Area Association of REALTORS®

APN: 21000-00603-201-30

South Dakota Lawrence County Spearfish 57783

515 S Rainbow Rd, Spearfish, SD

Not Listed for Sale

Other

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