821 N Rainbow Rd Spearfish, SD 57783
Estimated payment $4,837/month
Highlights
- Horses Allowed On Property
- Deck
- 1 Fireplace
- RV Parking in Community
- Main Floor Primary Bedroom
- Lawn
About This Home
Welcome to your peaceful retreat! This four bedroom, three bath home is nestled on two beautifully maintained acres right outside of Spearfish. You will find three bedrooms on the main floor and a lofted bedroom and half bath on the upper level. Step outside and enjoy the wide open yard, mature trees, and plenty of room for gardening, entertaining or just soaking in the quiet of country living. The large basement is just waiting to be transformed into the perfect space for you. The true standout is the impressive 60x60 Morton Building, ideal for hobbies, storage, or business use. This one of a kind shop features overhead heating, floor drains, commercial grade garage doors, 16 feet side walls, 200 amp panel, large multi function office with full bathroom and a loft that could be used for just about anything! . This property combines rural tranquility with easy access to amenities. If your dreaming of a mini farm, home business or just extra space to breath, this one has it all!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,171
Year Built
- Built in 1980
Lot Details
- 2 Acre Lot
- Landscaped with Trees
- Lawn
- Garden
Parking
- 4 Car Garage
- Garage Door Opener
Home Design
- Frame Construction
- Composition Roof
- Metal Siding
Interior Spaces
- 2,000 Sq Ft Home
- 1.5-Story Property
- 1 Fireplace
- Basement
- Sump Pump
- Fire and Smoke Detector
Kitchen
- Electric Oven or Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Primary Bedroom on Main
- En-Suite Primary Bedroom
- Bathroom on Main Level
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Deck
- Shed
- Outbuilding
- Porch
Horse Facilities and Amenities
- Horses Allowed On Property
Utilities
- Refrigerated and Evaporative Cooling System
- 220 Volts
- Propane
- Well
- Electric Water Heater
- On Site Septic
Community Details
- RV Parking in Community
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,171 | $487,590 | $81,000 | $406,590 |
| 2024 | $4,171 | $444,180 | $55,000 | $389,180 |
| 2023 | $3,016 | $296,010 | $54,000 | $242,010 |
| 2022 | $2,935 | $264,010 | $44,000 | $220,010 |
| 2021 | $2,902 | $264,010 | $0 | $0 |
| 2019 | $2,851 | $244,010 | $44,000 | $200,010 |
| 2018 | $2,853 | $242,750 | $0 | $0 |
| 2017 | $2,842 | $242,750 | $0 | $0 |
| 2016 | $3,008 | $242,750 | $0 | $0 |
| 2015 | $3,008 | $241,500 | $0 | $0 |
| 2014 | $2,383 | $188,680 | $0 | $0 |
| 2013 | -- | $185,620 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Price Changed | $850,000 | -9.5% | $425 / Sq Ft |
| 07/07/2025 07/07/25 | Price Changed | $939,000 | -5.2% | $470 / Sq Ft |
| 06/10/2025 06/10/25 | Price Changed | $990,000 | -13.9% | $495 / Sq Ft |
| 05/27/2025 05/27/25 | For Sale | $1,150,000 | -- | $575 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $285,000 | Unknown | |
| Closed | $130,000 | Future Advance Clause Open End Mortgage | |
| Closed | $177,000 | No Value Available | |
| Closed | $180,000 | No Value Available |
Source: Mount Rushmore Area Association of REALTORS®
MLS Number: 84599
APN: 21400-00603-171-40
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