NOT LISTED FOR SALE

720 Franklin St Rapid City, SD 57701

Downtown Rapid City Neighborhood

Estimated Value: $326,000 - $383,000

5 Beds
2 Baths
-- Sq Ft
10,454 Sq Ft Lot

Last Sold November 30, 2012

Last sale price $209,000

Est. 72% increase in value since last sale

Current estimated payment $2,218/month

154 Days on Market

Highlights

  • Public Water Access
  • Window Unit Cooling System
  • Baseboard Heating
  • Views of Trees
  • Forced Air Heating and Cooling System
  • Private Entrance

About This Home

As of November 2012

Great investment opportunity!!!! This 4-plex could easily be made into a 5-plex to add another $500/month to your rental income. This place was extensively remodeled in 2006, to include new siding, new windows, new furnace and AC, new water heater, new electrical and TONS of interior updates! The current owner has owned the property since 1974 and has had a 100% occupancy the entire time! This place has been extremely well-maintained and is ready for a new investor!!!

Last Agent to Sell the Property

Nick Dupont

EXP REALTY Listed on: 05/21/2012

EXP REALTY

Last Buyer's Agent

Krysti Schulz

THE REAL ESTATE CENTER OF STURGIS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,477

Year Built

  • Built in 1936

Lot Details

  • 10,454

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Metal Construction or Metal Frame
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Views of Trees
  • Fire and Smoke Detector

Parking

  • Paved Parking
  • On-Street Parking

Utilities

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

Additional Features

  • Public Water Access
  • Private Entrance

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,477

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Fourplex
  • Style: Up & Down, 2 Story
  • View: Trees
  • Year Built: 1936
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Central Water Heater, Multi-Unit Heat & Air
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Private Entrance

Exterior Features

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

Garage/Parking

  • Parking: Paved, Street

Utilities

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

Lot Info

  • Lot Size: .24
  • Lot Type: Flat
  • Zoning: Unknown

Rental Info

  • Type of Tenancy: Multiple
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Tenant
  • Who Pays Trash: Tenant
  • Who Pays Water Sewer: Tenant

Tax Info

  • Taxes: 3476.98

Multi Family

  • Number Of Units: 4
  • Vacancy Rate: 0 - 5%
  • Unit Features: Window Coverings, Unfinished Basement

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 1, 2018
Bought by
Hodson Cody R and Hodson Georgia M
Current Estimated Value
$358,544

Purchase Details

Closed on
Feb 26, 2013
Sold by
Laplante Jill
Bought by
Franklin Street Llc

Purchase Details

Listed on
May 21, 2012
Closed on
Nov 30, 2012
Sold by
Kulm Darrell L
Bought by
Laplante Jill
Seller's Agent
Nick Dupont
EXP REALTY
Buyer's Agent
Krysti Schulz
THE REAL ESTATE CENTER OF STURGIS
List Price
$245,000
Sold Price
$209,000
Premium/Discount to List
-$36,000
-14.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Hodson Cody R $213,000 --
Franklin Street Llc -- --
Laplante Jill -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2012 11/30/12 Sold $209,000 -14.7% --
10/22/2012 10/22/12 Pending -- -- --
05/21/2012 05/21/12 For Sale $245,000 -- --
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
2025 $4,340 $335,700 $51,200 $284,500
2024 $4,340 $316,800 $48,800 $268,000
2023 $4,381 $309,100 $48,800 $260,300
2022 $4,510 $297,000 $36,000 $261,000
2021 $4,111 $246,800 $36,000 $210,800
2020 $3,969 $230,500 $38,900 $191,600
2019 $3,791 $217,000 $36,800 $180,200
2018 $3,687 $215,700 $36,800 $178,900
2017 $3,640 $215,100 $36,800 $178,300
2016 $3,669 $200,000 $36,800 $163,200
2015 $3,669 $191,900 $36,800 $155,100
2014 $3,747 $190,800 $36,800 $154,000
Source: Public Records

Agents Affiliated with this Home

  • Nick Dupont

    Seller's Agent in 2012

    Nick Dupont

    EXP REALTY

    (605) 721-4647

    17 in this area

    154 Total Sales

    Nick Dupont
    Section Image
  • Krysti Schulz

    Buyer's Agent in 2012

    Krysti Schulz

    THE REAL ESTATE CENTER OF STURGIS

    (605) 490-2638

    134 Total Sales

    Krysti Schulz
    Section Image
See All Agents

Map

Source: Black Hills Association of REALTORS®

MLS Number: 108347

Black Hills Association of REALTORS®

APN: 0023300

South Dakota Pennington County Rapid City 57701 Downtown Rapid City

720 Franklin St, Rapid City, SD

Not Listed for Sale

MultiFamily

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.

Nearby Homes