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503 Kay Lee Street

503 Kay Lee Street, Valley Springs, SD 57068
Sold Jun 30, 2020
$217,000
$212,750 by Crosscountry Mortgage Llc
Mortgage Due Jul 01, 2050
Local assessors in Valley Springs, SD have categorized 503 Kay Lee Street as a residential type of property. The home was built in 2008 and is 16 years old. The property's lot size has been calculated to be 18,147 square feet. The linear feet between the front and back of the lot was measured at 1,042 ft and the front of the lot was measured at 1,006 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 503 Kay Lee Street has a total of 938 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a mixed used garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There are 5 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C-. The building has a gable style roof that was made of asphalt. Lots of materials we are unsure of were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 503 Kay Lee Street sold most recently in Jun 25, 2020 for a total of $217,000. If you work out the math, that's approximately a cost of $231.34 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,428 in taxes each year. 503 Kay Lee Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $191,400. If we break it down further, the land itself was valued at $17,400. Improvements to the property, however, were assessed at a total of $174,000. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 6
  • Building Quality: C-
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Other
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 576
  • Parking Space Count: 5

    Dimensions

  • Lot Size Square Feet: 18,147
  • Lot Size Depth Feet: 1,042
  • Lot Size Frontage Feet: 1,006
  • Total Building Area: 938
  • Building Area: 938
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 938
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SOUTHERN ESTATES
  • Land Acres: 0.417
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 2B BLOCK 2 SOUTHERN ESTATES TO CITY OF VALLEY SPRINGS

Ownership

  • Current Owner : MAI BETHANY
  • Current Owner 2: MILLER SHANE
  • Previous Owner : MILBRANDT RUDOLF
  • Previous Owner 2: MILBRANDT JO D
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Brandon Valley School District 49-2
  • School Tax School District: 49-2
  • Census Tract: 010402

Geography

  • Assessors Map Reference: MB597-16
  • Account Number: 82696
  • District: 59
  • Section: 03
  • Parcel: 82696
  • Block: 2
  • Lot: 2B
  • Municipality: VALLEY SPRINGS CITY
  • Latitude: 43.5799
  • Longitude: -96.4689

    Address

  • Full Address: 503 Kay Lee St
  • Address - House Number: 503
  • Address - Street Name: Kay Lee
  • Address - Suffix Type: St
  • State: SD
  • City Name: Valley Springs
  • Carrier Code: R010
  • 4-Digit Zip Code: 9303
  • Zip Code: 57068

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,428
  • Tax Rate Code Area: 059492

    Appraisal Valuation

  • Standard Deviation: 0.1242
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 86
  • Final Value: 317,256
  • High Value: 356,691
  • Low Value: 277,822

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $212,750
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jun 30, 2020
  • First Open Lien Mortgage Loan Amount: $212,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $191,400
  • Assessed Land Value: $17,400
  • Assessed Improvements Value: $174,000

    Sales

  • Current Sale Contract Date: Jun 25, 2020
  • Current Sale Recording Date: Jun 30, 2020
  • Current Sale Transaction ID: 11773843167
  • Current Sale Price: $217,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE LLC
  • First Mortgage Transaction Date: Jun 30, 2020
  • First Mortgage Loan Amount: $212,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2050

About Valley Springs



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Frequently Asked Questions

What neighborhood is 503 Kay Lee Street located in?
The 503 Kay Lee Street is a house located in the neighborhood of Valley Springs in Valley Springs, Valley Springs.
What is the average sales price for listings in 503 Kay Lee Street?
The average sales price for units in 503 Kay Lee Street is $216,900 , or $132/sqft. currently.

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