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707 South Lake Avenue

707 South Lake Avenue, Sioux Falls, SD 57104
Property in Emerson
Sold Aug 13, 2020
$105,000
$84,000 by Plains Commerce Bank
Mortgage Due Sep 01, 2050
707 South Lake Avenue in Sioux Falls, SD was first built in 1923 and is 101 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 707 South Lake Avenue has 648 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 440 ft and the linear feet between the front and back of the lot is 1,330. In total, the area measurement of the land is 5,850 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a detached garage. The garage is 264 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C-. The exterior walls of the home are made of materials we are unsure of. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit and 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, 707 South Lake Avenue sold most recently in Aug 3, 2020 for a total of $105,000. If you work out the math, that's approximately a cost of $162.04 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 $2,068 in taxes each year. 707 South Lake Avenue was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $106,700. If we break it down further, the land itself was valued at $27,300. Improvements to the property, however, were assessed at a total of $79,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Total Rooms: 5
  • 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: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 5,850
  • Lot Size Depth Feet: 1,330
  • Lot Size Frontage Feet: 440
  • Total Building Area: 648
  • Building Area: 648
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 648
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PARK ADDN
  • Land Acres: 0.134
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CARTERS SUB 4 BLOCK 2 FOREST PARK ADDN TO SIOUX FALLS

Ownership

  • Current Owner : WALTER DANIEL
  • Current Owner 2: WALTER JESSICA
  • Previous Owner : CASPER JESSE D

Neighborhood

  • School District Name: Sioux Falls School District 49-5
  • School Tax School District: 49-5
  • Census Tract: 010600

Geography

  • Assessors Map Reference: MB598-181
  • Account Number: 31917
  • District: 90
  • Section: 20
  • Parcel: 31917
  • Block: 2
  • Lot: 4
  • Municipality: SIOUX FALLS CITY IN MAPLETON T
  • Latitude: 43.5397
  • Longitude: -96.7453

    Address

  • Full Address: 707 S Lake Ave
  • Address - House Number: 707
  • Street Direction: S
  • Address - Street Name: Lake
  • Address - Suffix Type: Ave
  • State: SD
  • City Name: Sioux Falls
  • Carrier Code: C021
  • 4-Digit Zip Code: 4633
  • Zip Code: 57104

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,068
  • Tax Rate Code Area: 090495

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 172,860
  • High Value: 202,883
  • Low Value: 142,836

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $84,000
  • First Open Lien Mortgage Lender: PLAINS COMMERCE BANK
  • First Open Lien Mortgage Recording Date: Aug 13, 2020
  • First Open Lien Mortgage Loan Amount: $84,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2050

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $106,700
  • Assessed Land Value: $27,300
  • Assessed Improvements Value: $79,400

    Sales

  • Current Sale Contract Date: Aug 03, 2020
  • Current Sale Recording Date: Aug 13, 2020
  • Current Sale Transaction ID: 11788296411
  • Current Sale Price: $105,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLAINS COMMERCE BANK
  • First Mortgage Transaction Date: Aug 13, 2020
  • First Mortgage Loan Amount: $84,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2050

About Emerson



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Frequently Asked Questions

What neighborhood is 707 South Lake Avenue located in?
The 707 South Lake Avenue is a located in the neighborhood of Emerson in Emerson, Sioux Falls.
What is the average sales price for listings in 707 South Lake Avenue?
The average sales price for units in 707 South Lake Avenue is $0 currently.

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