NOT LISTED FOR SALE

540 S Rainbow Rd Spearfish, SD 57783

Estimated Value: $1,157,073 - $1,188,000

-- Bed
-- Bath
-- Sq Ft
79.68 Acres

Last Sold April 01, 2022

Last sale price $1,100,000

Est. 7% increase in value since last sale

Current estimated payment $6,262/month

116 Days on Market

Highlights

  • Farm
  • Pasture
  • Level Lot

About This Home

As of April 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 just minutes from Downtown Spearfish. This prime acreage is evenly split and divided by Rainbow Road which provides beautiful and easy access to this parcel of land. There is an income producing structure on the property that includes a 12 unit storage facility on the eastern parcel that are all rented at the moment. The land improvements include: Electricity, fiber optic cable and telephone lines that are located along Colorado Blvd. There is approximately 79.68 deeded acres and the land is all one contiguous tract. This land is valued at $12,187.50 per acre. The storage units are valued at $125,000.

Last Agent to Sell the Property

Ashley S. Goodrich

RE/MAX In The Hills License #14485 Listed on: 08/18/2021

RE/MAX In The Hills

Last Buyer's Agent

Jeff Garrett

Hayden Outdoors License #10902

Hayden Outdoors

Property Details

Property Type

  • Other

Lot Details

  • Dirt Road
  • Level Lot

Home Design

  • Farm

Farming

  • Farm
  • Pasture

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Class: FARM/RANCH
  • Type: Farm & Ranch
  • Utilities Electric: BHPL
  • Access: Public Access
  • Deed Acres: 79.68
  • Improved: Yes
  • Number Of Deeded Acres: 79.68
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Road Surface: Gravel, Dirt/Clay

Lot Info

  • Acreage: 40 - 160 Acres
  • Flood Plain: Unknown
  • Improvements: Fenced Perimeter, Equipment Building, Trees
  • Land Description: Pasture, Farm Land, CRP Acreage
  • Mineral Rights: Unknown
  • Topography: Level, Rolling

Tax Info

  • RE Taxes: $1,680.45
  • Re Tax Year: 21

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
04/01/2022 04/01/22 Sold $1,100,000 0.0% --
01/05/2022 01/05/22 Price Changed $1,100,000 -62.1% --
08/18/2021 08/18/21 For Sale $2,900,000 -- --
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 $1,214 $608,680 $45,210 $563,470
2024 $1,214 $192,940 $84,420 $108,520
2023 $1,232 $180,850 $82,460 $98,390
2022 $1,345 $269,533 $82,130 $187,403
2021 $1,600 $176,163 $0 $0
2019 $2,140 $178,260 $84,560 $93,700
2018 $2,142 $170,430 $0 $0
2017 $2,072 $171,400 $0 $0
2016 $2,113 $164,330 $0 $0
2015 $2,113 $157,920 $0 $0
2014 $2,045 $133,090 $0 $0
2013 -- $125,340 $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

    217 Total Sales

    Ashley S. Goodrich
    Section Image

  • J

    Buyer's Agent in 2022

    Jeff Garrett

    Hayden Outdoors

    (970) 674-1990

    18 Total Sales

    Jeff Garrett
    Section Image
See All Agents

Map

Source: Mount Rushmore Area Association of REALTORS®

MLS Number: 69540

Mount Rushmore Area Association of REALTORS®

APN: 21000-00603-212-10

South Dakota Lawrence County Spearfish 57783

540 S Rainbow Rd, Spearfish, SD

Not Listed for Sale

Other

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.

Mount Rushmore Area 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.

Nearby Homes