This house has super cute little touches throughout, like hardwood floors and tile work, but is ready for the next owner to come in and take it to the next level! There's still tons of potential in the unfinished basement and the large back yard and garage space are a dream. Rapid Foundation has been out to the house to look at the foundation and has put together a full repair plan (in associated documents) that the seller will implement with an accepted offer. The price of this repair will be covered WITHIN the sale price of the house and paid for by the seller, so you will get a fully repaired house at a great price! Please note, the back deck will need to be removed to make the repair and fix the drainage around the house, it will not be put back in place. This will need to take place after closing with funds escrowed.
Sold for $157,500
$157,500
509 E Madison St, Rapid City, SD 57701
3beds
780sqft
SingleFamily
Built in 1940
7,840 Square Feet Lot
$197,300 Zestimate®
$202/sqft
$1,694 Estimated rent
Home value
$197,300
$183,000 - $211,000
$1,694/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 780 sqft
Property
Parking
- Total spaces: 1
Lot
- Size: 7,840 sqft
Details
- Parcel number: 2131330004
Construction
Type & style
- Home type: SingleFamily
Condition
- Year built: 1940
Utilities & green energy
- Utilities for property: MDU- Gas, City Sewer, City Water, BHE-Electric
Community & neighborhood
Location
- Region: Rapid City
Other
Other facts
- Style: Two Story
- Basement: Yes
- DINING ROOM: Combination
- FLOOD INSURANCE: Not Required
- ROOFING: Composition
- UTILITIES: MDU- Gas, City Sewer, City Water, BHE-Electric
- VIEW: City
- BATH DESCRIPTION: Shower/Tub
- FLOORING: Carpet, Vinyl, Hardwood
- HEATING: Forced Air, Gas
- ELECTRIC SERVICES: 220V Service
- FEATURES: Ceiling Fan
- LOT TYPE: Flat
- # Bedrooms: Three
- DRIVEWAY EXPOSURE: North
- FOUNDATION: Concrete Block, Poured Concrete
- GARAGE TYPE: Detached
- FENCES: Privacy, Chain Link
- EXTERIOR CONSTRUCTION: Hardboard
- NEW CONSTRUCTION: Completed
- SCHOOL DISTRICT: Rapid City
- Area: North
- Half Bath: One
- Subdivision: SCHNASSE ADD
- LA2Agent Type: REALTOR
- LA2Agent Phone1 CountryId: United States (+1)
- LA2Agent Phone2 CountryId: United States (+1)
- LA2Agent State: SD
- LA2Agent Status: MLS and BOARD
- Covenants: Unknown
- LO2Office Type: REAL ESTATE OFFICE
- LO2Office State: SD
- LA2Agent Phone3 CountryId: United States (+1)
- LO2OfficePhone1CountryId: United States (+1)
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2023 | Sold | $157,500-4.5%$202/sqft |
Source: Agent Provided Report a problem | ||
| 3/10/2023 | Pending sale | $165,000$212/sqft |
Source:  RE/MAX International #162711 Report a problem | ||
| 3/8/2023 | Listed for sale | $165,000+57.9%$212/sqft |
Source: RE/MAX International #162711 Report a problem | ||
| 6/15/2020 | Sold | $104,500-5%$134/sqft |
Source: Agent Provided Report a problem | ||
| 5/3/2020 | Pending sale | $110,000$141/sqft |
Source: THE REAL ESTATE GROUP, INC. #148383 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,681 +6.4% | $149,200 -1.6% |
| 2024 | $1,581 +10.7% | $151,700 +8.8% |
| 2023 | $1,428 +7.5% | $139,400 +19.9% |
Find assessor info on the county website
Neighborhood: 57701
Nearby schools
GreatSchools rating
- 1/10General Beadle Elementary - 01Grades: PK-5Distance: 0.6 mi
- 2/10North Middle School - 35Grades: 6-8Distance: 0.9 mi
- 2/10Central High School - 41Grades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- District: Rapid City
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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