NOT LISTED FOR SALE

527 Flormann St Rapid City, SD 57701

Downtown Rapid City Neighborhood

Estimated Value: $299,000 - $322,000

4 Beds
2 Baths
1,800 Sq Ft
$174/Sq Ft Est. Value

Last Sold January 11, 2017

Last sale price $162,000 $90 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,975/month

Highlights

  • Public Water Access
  • Private Entrance
  • Heating Available
  • City View

About This Home

As of January 2017

Built in 2003, this property is updated, fully leased, and ready for an investment buyer. 2 bed, 1 bath, 900 sq ft on each level. Plenty of parking with alley access. Cove heating on the upper level, lower level has in-floor heat. All appliances, including washer and dryer in the upper unit. Great rental history, leases in place.

Last Agent to Sell the Property

Will Dixon

KELLER WILLIAMS REALTY BLACK HILLS Listed on: 10/06/2016

KELLER WILLIAMS REALTY BLACK HILLS

Last Buyer's Agent

JEREMIAH MCKNIGHT

INACTIVE OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,184

Year Built

  • Built in 2003

Lot Details

  • 6,970

Property Views

  • City
  • Trees

Home Design

  • 1,800 Sq Ft Home
  • Duplex
  • Poured Concrete
  • Composition Roof
  • Metal Construction or Metal Frame

Parking

  • Paved Parking
  • On-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Public Septic

Additional Features

  • Public Water Access
  • Private Entrance

Community Details

  • 2 Units
  • South Blvd Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,184

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Up & Down
  • Lvt Date: 10/06/2016
  • View: City, Trees
  • Year Built: 2003
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven, Washer, Dryer
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Entrance: Private Entrance
  • Main Level Sq Ft: 1800
  • Total Sq Ft: 1800

Exterior Features

  • Construction: Metal/Vinyl
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Paved, Street

Utilities

  • Air Conditioner: Wall
  • Heating: Electric
  • Sewer: City
  • Water: City

Lot Info

  • Lot Size: .16
  • Lot Type: Flat
  • Zoning: Non-conforming

Rental Info

  • Type of Tenancy: Six Month Lease
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2015
  • Taxes: 2184

Multi Family

  • Number Of Units: 2
  • Vacancy Rate: 0 - 5%
  • Unit Features: All Units, Window Coverings

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2016
Closed on
Jan 9, 2017
Bought by
Venture Properties Llc
Seller's Agent
Will Dixon
KELLER WILLIAMS REALTY BLACK HILLS
Buyer's Agent
JEREMIAH MCKNIGHT
INACTIVE OFFICE
List Price
$165,000
Sold Price
$162,000
Premium/Discount to List
-$3,000
-1.82%
Current Estimated Value
$312,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,393
Avg. Annual Appreciation
7.75%
Source: Public Records

Range of Values:

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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
Venture Properties Llc $162,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2017 01/11/17 Sold $162,000 -1.8% $90 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
10/06/2016 10/06/16 For Sale $165,000 +11.1% $92 / Sq Ft
05/15/2014 05/15/14 Sold $148,450 -0.4% $82 / Sq Ft View Prior Sale
03/21/2014 03/21/14 Pending -- -- --
03/01/2014 03/01/14 For Sale $149,000 -- $83 / Sq Ft
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
2025 $4,079 $312,300 $53,800 $258,500
2024 $4,079 $298,400 $48,900 $249,500
2023 $3,905 $276,000 $42,500 $233,500
2022 $3,629 $239,000 $37,000 $202,000
2021 $3,306 $198,700 $37,000 $161,700
2020 $3,248 $188,900 $37,000 $151,900
2019 $2,947 $176,100 $32,000 $144,100
2018 $2,162 $168,600 $32,000 $136,600
2017 $2,135 $155,900 $32,000 $123,900
2016 $2,205 $146,800 $32,000 $114,800
2015 $2,205 $148,000 $32,000 $116,000
2014 $2,165 $142,400 $32,000 $110,400
Source: Public Records

Agents Affiliated with this Home

  • Will Dixon

    Seller's Agent in 2017

    Will Dixon

    KELLER WILLIAMS REALTY BLACK HILLS

    (605) 390-1140

    9 in this area

    116 Total Sales

    Will Dixon
    Section Image

  • J

    Buyer's Agent in 2017

    JEREMIAH MCKNIGHT

    INACTIVE OFFICE

    Section Image
  • William Busse

    Seller's Agent in 2014

    William Busse

    RE/MAX

    (605) 430-8068

    6 in this area

    54 Total Sales

    William Busse
    Section Image
  • Jeri Perrett

    Buyer's Agent in 2014

    Jeri Perrett

    THE REAL ESTATE GROUP, INC.

    (605) 381-8033

    7 in this area

    112 Total Sales

    Jeri Perrett
    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 130851

Black Hills Association of REALTORS®

APN: 0031809

South Dakota Pennington County Rapid City 57701 Downtown Rapid City

527 Flormann St, Rapid City, SD

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