1 year on rocket

1050 Valley Dr, Rapid City, SD, 57703

$18,500,000

0 Baths
14,541 SqFt
$1,272/SqFt
Multi
Schools Nearby

Location

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Property Highlights

Home TypeMulti Family
Year Built2022
HeatingElectric, Wall Furnace, Zoned
CoolingWall Unit(s), Zoned
MLS #73133
Lot Size3.73 Acres
StatusActive
(ACTIVE)

About 1050 Valley Dr

Marketed by Art Koscielski Black Hills Realty LLC. 605 939 8656. Moonlight Apartment complex. 6 units with 15 apartments per unit. 3 sets of garages with 18 spaces per set. Garage rents for $100 per month. Each building has 3 studio apartments of 558 square feet that rent for $979. 6 one bedroom, one bath apartments at 774 square feet for $1290 per month. 6 two bedroom, two bath of 1013 square feet renting for $1490 per month. All stainless steel Whirlpool appliances. Refrigerator, range, microwave, dishwasher. Washer and dryer are a stacked unit in each apartment. Vinyl plank flooring in building corridors and stairs. Carpet in bedrooms, LVF vinyl flooring in kitchen, living room, bathrooms and utility closets. Trex decking with metal railing for each balcony. 440 foot metal fence parallel to Valley Drive with two name signs. Blinds for all apartments. Complete apartment surveillance system with recording abilities for all buildings exterior and interior common areas. Complete landscaping package with plantings, sod and sprinkler system. All parking lots are paved, striped and complete. 1000 feet of new 12 inch water line installed in 2022. State of the art Napco Fire Link fire suppression system Rapid City fire department approved.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 2022
  • Living Area: 14,541 SqFt

Listing Office:

  • Office Name: Black Hills SD Realty
  • Office Phone: (605) 791-2249

Lot Features

Lot Information:

  • Lot Size: 3.73 Acres

Utilities

Utilities Information:

  • Heating: Electric, Wall Furnace, Zoned
  • Cooling: Wall Unit(s), Zoned

School Info

Assigned Schools Information:

  • Central High School - 41, Public District Grades 9-12
  • Valley View Elementary - 13, Public District Grades KG-5

Other

Directions Information:

  • Directions: Highway 44 to Valley Drive. Left on Valley drive. Apartments on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $18,500,000
  • Price Per SqFt: $1,272/SqFt

Tax Information:

  • Annual Amount: $5,453
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$349.7K

Med. Price/SqFt

$187

# of Sold Homes

35

1050 Valley Dr vs Rapid City

659 DAYS ON ROCKET

$18,500,000

+$18.1M More

$1,272/SqFt

+$1K More

KEY TAKEAWAY

This property is $18.1M more than the Median Sold Price and $1K/SqFt more than other homes in Rapid City, SD.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #73133

Listing Office:

  • Office Name: Black Hills SD Realty
  • Office Phone: (605) 791-2249

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Mount Rushmore Area Association of REALTORS® Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Broker Reciprocity™ logo and detailed information about them includes the name of the listing brokers. Information Deemed Reliable But Not Guaranteed. The broker(s) providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. Copyright 2024 Mount Rushmore Area Association of REALTORS®., Inc. Multiple Listing Service. 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: 5/4/2024, 9:20:35 PM 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$5,453$308,700
2020 - $308,700

History based on county public records data.

Payment Calculator

$92.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$55.5K

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NMLS#3030

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-6190949
4
/10
  • Valley View Elementary - 13

  • 4840 Homestead St

  • 1.65 miles

  • Public District Grades KG-5

High School

school-card-donut-6190950
3
/10
  • Central High School - 41

  • 433 North 8th

  • 2.99 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,737. Most Rapid City, SD residents have annual incomes between $35k-100k. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

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Rocket HomesSouth DakotaPennington CountyRapid City577031050 Valley Dr

This home is located at 1050 Valley Dr in Rapid City, SD and zip code 57703. This 14,541 square foot home, which was built in 2022, sits on a 3.73 acre lot. It has been listed on Rocket Homes since July 15, 2022 and is currently priced at $18,500,000.

Rapid City, SD housing market in April 2024 saw over 3 listings sold above listed price, more than 10 sold at listed price and over 20 sold below. 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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