NOT LISTED FOR SALE

725 Fairview St Rapid City, SD 57701

Downtown Rapid City Neighborhood
7 Beds
-- Bath
-- Sq Ft
1966 Built

Last Sold October 17, 2019

Last sale price $462,500

60 Days on Market

Highlights

  • Public Water Access
  • Brick Veneer
  • Hot Water Heating System
  • City View
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of October 2019

VERY WELL MAINTAINED SIX PLEX. ONE ONE BEDROOM, FIVE TWO BEDROOM UNITS. TWO BEDROOM UNITS ARE IDENTICAL.AMPLE PARKING GOOD LOCATION CLOSE TO PARK, SHOPPING ETC. RENTS ARE LOW DUE TO LONG TERM TENANTS. UNITS 5 AND 6 HAVE LONG TERMS LEASES . UNIT 5 PAYS $650 A MONTH AND LEASE ENDS 5-15-2022. UNIT 6 PAYS $625 AND LEASE ENDS 5-15-2021. UNIT TWO HAS A ONE YEAR LEASE FOR $700. MAN AND HIS SON IF THE SON MOVES OUT RENT DROPS TO $650. UNITS 1,3, AND 4 ARE VACANT. EACH APARTMENT HAS A STORAGE UNIT. CURRENTLY COIN OPERATED WASHER AND DRYER ARE CONTRACTED WITH PRIVATE COMPANY.

Last Agent to Sell the Property

Eugene Hensley

RE/MAX RESULTS Listed on: 07/15/2019

RE/MAX RESULTS

Last Buyer's Agent

Diane Wilcox

COLDWELL BANKER BLACK HILLS LEGACY

COLDWELL BANKER BLACK HILLS LEGACY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,806

Year Built

  • Built in 1966

Parking

  • Paved Parking

Home Design

  • Brick Veneer
  • Frame Construction

Interior Spaces

  • 2-Story Property
  • City Views
  • Walk-Out Basement

Outdoor Features

  • Public Water Access

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Hot Water Heating System
  • Heating System Uses Gas
  • Public Septic

Community Details

Overview

  • 6 Units
  • Flormann Add Subdivision

Building Details

  • Fuel Expense $6,479
  • Insurance Expense $3,469
  • Maintenance Expense $3,850
  • Gross Income $41

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,806

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Type: Multiplex
  • Style: 2 Story
  • Lvt Date: 07/22/2019
  • View: City
  • Year Built: 1966
  • Includes: All Units, Refrigerator, Range/Oven
  • Miscellaneous: Separate Meters, Master Meters, Central Water Heater
  • Agent Only_ L A1 User Code: 30
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Entrance: Community Entrance

Exterior Features

  • Construction: Brick/Veneer, Frame
  • Foundation: Basement, Walkout

Garage/Parking

  • Parking: Paved

Utilities

  • Air Conditioner: Electric, Wall
  • Heating: Gas, Hot Water
  • Sewer: City
  • Water: City

Fee Information

  • Insurance Expense: 3469.00
  • Maintenance Expense: 3849.58
  • Total Expenses: $19603.66
  • Gas Expense: $6479

Lot Info

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

Rental Info

  • Type of Tenancy: Month to Month, Multiple, Vacant
  • Who Pays Electricity: Tenant
  • Who Pays Gas: Owner
  • Who Pays Trash: Owner
  • Who Pays Water Sewer: Owner

Tax Info

  • Year: 2018
  • Taxes: 5806.08

Multi Family

  • Number Of Units: 6
  • Vacancy Rate: 5 - 10%
  • Unit Features: All Units, Window Coverings, Kit/DR Combo, Common Utility Room, Extra Storage

Range of Values:

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 Change Sq Ft Price
10/17/2019 10/17/19 Sold $462,500 0.0% --
08/08/2019 08/08/19 Price Changed $462,500 -3.6% --
07/15/2019 07/15/19 For Sale $480,000 -- --
Source: Black Hills Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Eugene Hensley

    Seller's Agent in 2019

    Eugene Hensley

    RE/MAX

    (605) 391-4300

    9 in this area

    113 Total Sales

    Section Image
  • Diane Wilcox

    Buyer's Agent in 2019

    Diane Wilcox

    COLDWELL BANKER BLACK HILLS LEGACY

    (605) 390-3959

    6 in this area

    101 Total Sales

    Section Image
See All Agents

Map

Source: Black Hills Association of REALTORS®

MLS Number: 145071

Black Hills Association of REALTORS®

APN: 37-01-307-002

South Dakota Pennington County Rapid City 57701 Downtown Rapid City

725 Fairview St, Rapid City, SD

This home is located at 725 Fairview St, Rapid City, SD 57701 since 15 July 2019. This property was built in 1966. 725 Fairview St is a home located in Pennington County with nearby schools including Woodrow Wilson Elementary School, South 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.

Nearby Homes