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Backup Offers

3454 Chapel Ln, Rapid City, SD, 57702

$629,000

Home List Price

$7,469*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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3454 Chapel Ln, Rapid City$629,000

Buyer Closing Credits

$7,469*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingPaved
Year Built1978
HeatingForced Air, Heat Pump
CoolingElectric, Central Air
ViewCity
MLS #168373
StatusAccepting Backup Offers
(U/C CONTINGENCY)

About 3454 Chapel Ln

Location, Location! This 4plex is located in the serene neighborhood of Chapel Valley within walking distance to Canyon Lake Park, State Fish Hatchery, Stav Kirke Chapel, next door to the HOA tennis courts and raised-bed garden. Each unit is 2 bedroom/1 bathroom 920 sq ft, with central heat and air conditioning, washer/dryer, with paved, off-street parking within 20 feet of each apartment and a front and side entrance. Three of the units have been completely updated with new bathroom fixtures, new carpet, fresh paint throughout, new laundry hook-ups. Vacancies only during remodel, otherwise never an empty unit. Apartments are being built all over Rapid City except the Southwest area, particularly there are few opportunities for rental units in neighborhoods on the South side of Jackson Blvd. Diversify your investment portfolio by owning income properties in SW Rapid City, CAP rate of 5.5% at current rental rates.

Property Details

Property Features

Property Information:

  • Architectural Style: Up & Down
  • Year Built: 1978

Listing Office:

  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
  • Listing Agent: PAM HANSEN

Exterior Features

Exterior Information:

  • View: City

Parking Information:

  • Parking: Paved

Lot Features

Lot Information:

  • Lot: Level

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Electric, Central Air

School Info

Assigned Schools Information:

  • Stevens High School - 42, Public District Grades 9-12
  • Southwest Middle School - 38, Public District Grades 6-8
  • Meadowbrook Elementary - 10, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $629,000

Tax Information:

  • Annual Amount: $5,523
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Rapid City, SD.

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Rapid City, SD

City

Med. Sold Price

$349.7K

Med. Price/SqFt

$187

# of Sold Homes

35

3454 Chapel Ln vs Rapid City

16 DAYS ON ROCKET

$629,000

+$279.2K More

KEY TAKEAWAY

This property is $279.2K more than the Median Sold Price in Rapid City, SD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #168373

Listing Office:

  • Office Name: BERKSHIRE HATHAWAY HOMESERVICES MIDWEST REALTY
  • Listing Agent: PAM HANSEN

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of Black Hills Association of REALTORS®. IDX information is provided exclusively for consumers' 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 Deemed Reliable But Not Guaranteed. Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability.

Copyright © 2024 by Black Hills Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/16/2024, 9:20:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,523$367,900
2020$5,382$312,200
2019$5,402$301,600
2018$5,322$298,800

History based on county public records data.

Payment Calculator

$3,207

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,952

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2208193
6
/10

  • Meadowbrook Elementary - 10

  • 3125 W Flormann St

  • 1.41 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2208194
7
/10

  • Southwest Middle School - 38

  • 4501 Park Dr

  • 1.11 miles

  • Public District Grades 6-8

High School

school-card-donut-2208195
6
/10

  • Stevens High School - 42

  • 1200 44th St

  • 1.64 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $103,470. The most common annual income of people living in Rapid City, SD is between $35k-100k. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›South Dakota›Pennington County›Rapid City›57702›3454 Chapel Ln

This home is located at 3454 Chapel Ln in Rapid City, SD and zip code 57702. This home was built in 1978. It has been listed on Rocket Homes since April 29, 2024 and is currently priced at $629,000.

Over 3 listings were sold over their listed price in April 2024 in Rapid City, SD. In the same period over 20 listings were sold below the listed price and 10 listings were sold for the listed price. In April 2024 in Rapid City, SD there were 37.3% more homes for sale than in March 2024.

From Rocket Homes Real Estate and based on county public records data.

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