NOT LISTED FOR SALE

721 University St Spearfish, SD 57783

Spearfish Area

Estimated Value: $563,313 - $660,000

7 Beds
-- Bath
3,326 Sq Ft
$186/Sq Ft Est. Value

Sale Details

Date Sold: June 21, 2019

Last sale price $315,000 $95 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $3,906 / mo

8 Days on Market

Highlights

  • Public Water Access
  • Patio
  • Baseboard Heating
  • View of Hills
  • Forced Air Heating System
  • Garage

About This Home

As of June 2019

Listed by Holly Glatt, 605-641-4425, Keller Williams Realty. Incredible investment opportunity in the beautiful town of Spearfish- home of BHSU and voted "Best Small Town in South Dakota" by Thrillist in 2017! This tri-plex, located in the heart of Spearfish and just 4 blocks from the BHSU campus, offers a great return on investment and low vacancy rate. Metered separately for gas & electric, which tenants pay. Units on the main level have been nicely updated and both include 3 bed, 2 bath with washer/dryer (hookups), dishwashers, and separate entrances. Upper level unit has 1 bed, 1 bath, great living space, washer/dryer, storage closet and separate entrance. Wonderful charm plus upgraded finishes and materials used throughout! Currently, all units are pet & smoke free, well maintained, and full occupancy. Plenty of off street parking on the side & rear of property. Rental rates could be increased as leases expire

Last Agent to Sell the Property

Holly Glatt Pierson

INACTIVE OFFICE Listed on: 05/06/2019

INACTIVE OFFICE

Last Buyer's Agent

OTHER NON-MEMBER

NON-MEMBER FIRM

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Lot Details

  • Private Entrance

Parking

  • Garage

Home Design

  • Triplex
  • Poured Concrete
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 3,326 Sq Ft Home
  • 2-Story Property
  • Views of Hills
  • Fire and Smoke Detector

Outdoor Features

  • Public Water Access
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Baseboard Heating
  • Public Septic

Listing and Financial Details

Community Details

Overview

  • 3 Units

Building Details

  • Electric Expense $2,000
  • Insurance Expense $3
  • Maintenance Expense $2
  • Gross Income $28

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0.32 Acres

Listing Details

  • Class: MULTI-FAMILY
  • Type: Triplex
  • Style: 2 Story
  • Lvt Date: 05/06/2019
  • View: Hills
  • Year Built: 1910
  • Safety Features: Smoke Detectors
  • Includes: All Units, Refrigerator, Range/Oven, Dishwasher, Disposal, Washer, Dryer, Microwave
  • Miscellaneous: Separate Meters, Pet Restrictions, Individual Water Heaters, Individual Heat & Air
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Private Entrance
  • Main Level Sq Ft: 3326
  • Total Sq Ft: 3326

Exterior Features

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

Garage/Parking

  • Parking: Garage

Utilities

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

Fee Information

  • Insurance Expense: $3,350
  • Maintenance Expense: $2,000
  • Electricity Expense: 2,000

Lot Info

  • Lot Size: .32
  • Lot Type: Flat
  • Zoning: Conforming

Rental Info

  • Type of Tenancy: 1 Year Lease

Tax Info

  • Year: 2018
  • Taxes: $4,933

Multi Family

  • Number Of Units: 3
  • Vacancy Rate: 0 - 5%
  • Unit Features: All Units, Window Coverings, Patio, Kit/DR Combo, Inside Utility Room

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

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
06/21/2019 06/21/19 Sold $315,000 -4.5% $95 / Sq Ft
05/06/2019 05/06/19 For Sale $330,000 +17.9% $99 / Sq Ft
05/08/2015 05/08/15 Sold $280,000 -5.1% $58 / Sq Ft View Prior Sale
03/28/2015 03/28/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $295,000 -- $61 / 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
2025 $6,351 $485,930 $102,000 $383,930
2024 $6,408 $461,470 $77,000 $384,470
2023 $6,351 $416,520 $67,000 $349,520
2022 $5,921 $360,520 $62,000 $298,520
2021 $5,188 $360,520 $0 $0
2019 $4,973 $299,220 $52,000 $247,220
2018 $4,957 $296,010 $0 $0
2017 $5,030 $286,980 $0 $0
2016 $5,206 $286,980 $0 $0
2015 $5,246 $278,030 $0 $0
2014 $5,107 $255,990 $0 $0
2013 -- $253,480 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Black Hills Association of REALTORS®

MLS Number: 143741

Black Hills Association of REALTORS®

APN: 32660-00900-040-00

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