NOT LISTED FOR SALE

527 Flormann St Rapid City, SD 57701

Downtown Rapid City Neighborhood

Estimated Value: $295,000 - $320,569

4 Beds
2 Baths
1,800 Sq Ft
$172/Sq Ft Est. Value

Sale Details

Date Sold: January 11, 2017

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

Est. 91% increase in value since last sale

Current estimated payment $2,005 / mo

40 Days on Market

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

6,970 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2016
Closed on
Jan 9, 2017
Bought by
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
$308,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,892
Avg. Annual Appreciation
6.92%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Downtown Rapid City, SD

  • Jamie Boomsma Real Estate Agent - THE REAL ESTATE GROUP, INC.

    Jamie Boomsma

    THE REAL ESTATE GROUP, INC.

    (605) 640-6840

    92 Total Sales

    2 in Downtown Rapid City

    $277K - $435K Price Range

    Jamie Boomsma
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  • Henry Ulrich Real Estate Agent - ASCEND REALTY INC.

    Henry Ulrich

    ASCEND REALTY INC.

    (605) 702-4440

    82 Total Sales

    9 in Downtown Rapid City

    $107K - $275K Price Range

    Henry Ulrich
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  • Jami Poeppel Real Estate Agent - ROB & JAMI POEPPEL REAL ESTATE

    Jami Poeppel

    ROB & JAMI POEPPEL REAL ESTATE

    (605) 519-2102

    333 Total Sales

    5 in Downtown Rapid City

    $305K - $320K Price Range

    Jami Poeppel
     Section Image
  • Nicholas Dowling Real Estate Agent - BLACK HILLS REALTY

    Nicholas Dowling

    BLACK HILLS REALTY

    (605) 519-2126

    47 Total Sales

    4 in Downtown Rapid City

    $221K - $395K Price Range

    Nicholas Dowling
     Section Image
  • Michael Warwick Real Estate Agent - Great Peaks Realty

    Michael Warwick

    Responds Quickly

    Great Peaks Realty

    (605) 566-6022

    550 Total Sales

    11 in Downtown Rapid City

    $220K - $435K Price Range

    Michael Warwick
     Section Image
  • Michelle Chenoweth Real Estate Agent - EXP REALTY

    Michelle Chenoweth

    EXP REALTY

    (605) 570-5950

    198 Total Sales

    15 in Downtown Rapid City

    $187K - $315K Price Range

    Michelle Chenoweth
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$162,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $145,760
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $11,548 $678,000 $205,500 $479,500
2025 $11,122 $750,693 $227,308 $530,385
2024 $11,122 $735,840 $222,852 $519,988
2023 $11,695 $728,280 $218,484 $509,796
2022 $11,404 $707,000 $214,200 $499,800
2021 $6,554 $373,903 $114,271 $266,632
2020 $6,481 $377,000 $113,100 $263,900
2019 $6,197 $369,607 $110,882 $258,725
2018 $6,068 $362,360 $108,708 $253,652
2017 $5,821 $355,255 $106,576 $248,679
2016 $5,590 $348,290 $104,487 $243,803
2015 $5,558 $343,057 $102,917 $240,140
2014 $5,058 $300,000 $90,000 $210,000
Source: Public Records

Agents Affiliated with this Home

  • Will Dixon Real Estate Agent - KELLER WILLIAMS REALTY BLACK HILLS

    Seller's Agent in 2017

    Will Dixon

    KELLER WILLIAMS REALTY BLACK HILLS

    (605) 390-1140

    9 in this area

    124 Total Sales

    Will Dixon
    Section Image

  • JM

    Buyer's Agent in 2017

    JEREMIAH MCKNIGHT

    INACTIVE OFFICE

    Section Image
  • William Busse Real Estate Agent - RE/MAX

    Seller's Agent in 2014

    William Busse

    RE/MAX

    (605) 430-8068

    3 in this area

    52 Total Sales

    William Busse
    Section Image
  • Jeri Perrett Real Estate Agent - THE REAL ESTATE GROUP, INC.

    Buyer's Agent in 2014

    Jeri Perrett

    THE REAL ESTATE GROUP, INC.

    (605) 381-8033

    5 in this area

    107 Total Sales

    Jeri Perrett
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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

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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