$300,000
SOLD AUG 6, 2025

515 S Rainbow Rd Spearfish, SD 57783

3 Beds
1 Bath
1,170 Sq Ft
1 Acres

Recently Sold

$256 Per Sq Ft

Highlights

  • Deck
  • Shed
  • Evaporated cooling system
  • Partially Wooded Lot
  • Forced Air Heating System
  • Carpet

About This Home

As of August 2025

This home is located at 515 S Rainbow Rd, Spearfish, SD 57783 and is currently priced at $300,000, approximately $256 per square foot. This property was built in 1920. 515 S Rainbow Rd is a home located in Lawrence County with nearby schools including Mountain View Elementary - 08, West Elementary School, and Creekside Elementary School.

Last Agent to Sell the Property

Casey Raftevold

Great Peaks Realty License #17874 Listed on: 08/06/2025

Last Buyer's Agent

Casey Raftevold

Great Peaks Realty License #17874 Listed on: 08/06/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,632

Year Built

  • Built in 1920

Lot Details

  • 1 Acre Lot
  • Unpaved Streets
  • Partially Wooded Lot
  • Subdivision Possible
  • Property is zoned AG

Home Design

  • Frame Construction
  • Composition Roof
  • Masonite

Interior Spaces

  • 1,170 Sq Ft Home
  • 2-Story Property
  • Single Hung Windows
  • Laundry on main level

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Shed
  • Outbuilding

Utilities

  • Evaporated cooling system
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • 220 Volts
  • Electric Water Heater
  • On Site Septic

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,632

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Site Built
  • Estimated Total Finished Sq Ft: 1170
  • Basement Substructure: Crawl Space
  • Full Three Quarter Bathrooms: 1
  • Main Level Fin Sq Ft: 1170
  • Main Level Total Sq Ft: 1170
  • Sq Ft Above Grade: 1170
  • Style: Two Level
  • Subdivision Yn: Yes
  • Systems: Breaker, 220V Service
  • Upper Level Finished Sq Ft: 585
  • Upper Level Number of Bedrooms: 1
  • Upper Level Sq Ft: 585
  • Utilities Electric: Black Hills Energy
  • Utilities Gas: MDU
  • Year Built: 1920
  • Zoning: General Agricultural
  • Zoning Spearfish: AG Conservation Dist.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Estimated Sq Ft: 1000 - 1499
  • Estimated Total Sq Ft: 1170
  • Interior: Carpet, Laminate Flooring
  • Laundry: Main Level
  • Main Floor Laundry: Yes
  • Number Of Bedrooms: 3
  • Total Sq Ft: 1170
  • Windows: Single Hung

Exterior Features

  • Construction: Frame
  • Exterior: Paved Street, Unpaved Street, Shed, Outbuildings
  • Patio Deck: Open Deck
  • Roof: Composition
  • Siding: Masonite Siding

Utilities

  • Air Conditioner: Yes
  • Cooling: Window Evap.
  • Heating: Natural Gas, Forced Air
  • Utilities Sewer: Septic
  • Water: City
  • Water Heater: Electric

Schools

  • School District: Spearfish
  • School District: Spearfish

Lot Info

  • Acreage: 20.1 - 40
  • Flood Plain: Unknown
  • Lot Description: Partially Wooded
  • Lot Size: 1.0 ac
  • Number Of Acres: 1
  • Zoning: AG

Tax Info

  • Re Tax Year: 25

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

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 Sold $300,000 0.0% $256 / Sq Ft
08/06/2025 08/06/25 For Sale $300,000 -- $256 / Sq Ft
03/04/2025 03/04/25 Pending -- -- --
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

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Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 85605

Mount Rushmore Area Association of REALTORS®

APN: 21000-00603-201-30