NOT LISTED FOR SALE

636 Halley Ave Unit 36 Madison Rapid City, SD 57701

North Rapid City Neighborhood

Estimated Value: $224,420 - $226,000

5 Beds
2 Baths
-- Sq Ft
10,019 Sq Ft Lot

Last Sold April 26, 2019

Last sale price $85,000

Est. 165% increase in value since last sale

Current estimated payment $1,392/month

32 Days on Market

Highlights

  • Public Water Access
  • Forced Air Heating System
  • Private Entrance
  • City View

About This Home

As of April 2019

Excellent opportunity to have an investment property with immediate cash flow. With a CAP rate of over 11%, you do not want to miss out on this opportunity! Fully leased with long term tenants. Tenants pay all utilities except water/garbage. Tenants are responsible for mowing/shoveling. Brand new furnace and fridge in one unit. Newer fence and water heaters. Sewer line, electric, and plumbing recently updated. Lot is zoned medium density residential and would allow for an additional attached unit, for a total of 3 units plus a detached garage. Listed by Amy Hook, Coldwell Banker LKH (605) 390-3223.

Last Agent to Sell the Property

Amy Hook

RE/MAX ADVANTAGE Listed on: 02/13/2019

RE/MAX ADVANTAGE

Last Buyer's Agent

Lori Barnett

Engel & Völkers

Engel & Völkers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,433

Year Built

  • Built in 1950

Lot Details

  • 10,019

Home Design

  • Duplex
  • Side-by-Side
  • Poured Concrete
  • Frame Construction
  • Composition Roof

Parking

  • Paved Parking
  • On-Street Parking

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas
  • Public Septic

Additional Features

  • City Views
  • Public Water Access
  • Private Entrance

Community Details

Overview

  • 2 Units
  • North Rapid Add Subdivision

Building Details

  • Insurance Expense $936
  • Maintenance Expense $1,500
  • Water Sewer Expense $1,560
  • Gross Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,433

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Duplex
  • Style: Side/Side
  • Lvt Date: 02/13/2019
  • View: City
  • Year Built: 1950
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Individual Water Heaters
  • Agent Only_ L A1 User Code: 1267
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

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

Exterior Features

  • Construction: Frame
  • Foundation: Poured Concrete
  • Roof: Composition

Garage/Parking

  • Parking: Paved, Street

Utilities

  • Air Conditioner: Window
  • Heating: Forced Air, Gas
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 936
  • Maintenance Expense: 1500
  • Total Expenses: 5428.56
  • Water Sewer Expenses: 1560

Lot Info

  • Lot Size: .23
  • Lot Type: Flat
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2018
  • Taxes: 1432.56

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
Feb 13, 2019
Closed on
Apr 24, 2019
Bought by
Tk Properties & Investments Ll
Seller's Agent
Amy Hook
RE/MAX ADVANTAGE
Buyer's Agent
Lori Barnett
Engel & Völkers
List Price
$99,000
Sold Price
$85,000
Premium/Discount to List
-$14,000
-14.14%
Current Estimated Value
$225,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,140
Avg. Annual Appreciation
14.59%
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
Tk Properties & Investments Ll $85,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2019 04/26/19 Sold $85,000 -14.1% --
02/13/2019 02/13/19 For Sale $99,000 -- --
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
2024 $1,911 $138,300 $43,500 $94,800
2023 $2,126 $0 $0 $0
2022 $1,851 $121,900 $30,300 $91,600
2021 $1,468 $87,000 $26,400 $60,600
2020 $1,503 $86,200 $26,400 $59,800
2019 $1,433 $83,100 $26,400 $56,700
2018 $1,338 $80,800 $26,400 $54,400
2017 $1,449 $77,300 $26,400 $50,900
2016 $1,530 $79,000 $26,400 $52,600
2015 $1,530 $79,500 $26,000 $53,500
2014 $1,242 $62,500 $26,000 $36,500
Source: Public Records

Agents Affiliated with this Home

  • Amy Hook

    Seller's Agent in 2019

    Amy Hook

    RE/MAX

    (605) 390-3223

    18 in this area

    273 Total Sales

    Section Image
  • Lori Barnett

    Buyer's Agent in 2019

    Lori Barnett

    Engel & Völkers

    (605) 786-5817

    5 in this area

    107 Total Sales

    Section Image
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Map

Source: Black Hills Association of REALTORS®

MLS Number: 142523

Black Hills Association of REALTORS®

APN: 0027194

South Dakota Pennington County Rapid City 57701 North Rapid City

636 Halley Ave Unit 36 Madison, Rapid City, SD

This home is located at 636 Halley Ave Unit 36 Madison, Rapid City, SD 57701 since 13 February 2019 and is currently estimated at $225,140. This property was built in 1950. 636 Halley Ave Unit 36 Madison is a home located in Pennington County with nearby schools including General Beadle Elementary School, North Middle School, and Central High School.

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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