12 days on rocket

3500 W Hughes Pl, Sioux Falls, SD, 57108

$2,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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3500 W Hughes Pl, Sioux Falls$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Attached GarageYes
Year Built2004
HeatingForced Air
CoolingCentral Air
MLS #22408816
StatusActive

About 3500 W Hughes Pl

Discover this investment opportunity in Sioux Falls, SD. This assembled portfolio of twin homes, built in 2004 and owned by one owner, boasts a history of strong occupancy. The portfolio includes the following addresses: 3500 W. Hughes Place, 3502 W. Hughes Place, 3512 W. Hughes Place, 3514 W. Hughes Place, 3516 W. Hughes Place, 3518 W. Hughes Place, 3600 W. Hughes Place, and 3602 W. Hughes Place. All the properties are located in a homeowner’s association (HOA). Please contact listing broker for details. NOTE: The seller prefers to sell the properties as a complete portfolio. These twin homes are ideally situated near schools, restaurants, retail shopping centers, and major highways, ensuring potentially consistent tenant demand, Each unit averages approximately 2,400 sq. ft. and features 4 bedrooms, 3 bathrooms, and attached two-stall garages. Current monthly rents range from $1,600 to $1,850, with potential for increases. New roofs in 2023 and the exteriors were painted in 2024. The portfolio consists of 8 rentable units, comprising 4 twin homes. The properties are located near retail stores along Louise Avenue, one of Sioux Falls’ busiest commercial corridors. The area offers a variety of dining options, from fast food to casual dining and local favorites. Platinum Valley Park provides green space, a picnic area, a ball field, and other recreational facilities, while healthcare needs are well-supported with Sanford Health and Avera Health facilities nearby. The property also benefits from easy access to I-29 and I-229, ensuring straightforward commuting. This offering represents a rare opportunity to acquire a strategically located, historically high occupancy residential portfolio in the thriving Sioux Falls, SD market.

Property Details

Property Features

Property Information:

  • Year Built: 2004
  • Stories: 1

Listing Office:

  • Office Name: Brooks Commercial Real Estate
  • Listing Agent: Jeffrey Brooks

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Dishwasher
  • Flooring Type: Carpet

Exterior Features

Parking Information:

  • Attached Garage: Yes

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Louise Ave, turn right onto W 81st St, then left onto S. Hughes Ave, then right on to Hughes Pl

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000

Tax Information:

  • Annual Amount: $4,031
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sioux Falls, SD.

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Sioux Falls, SD

City

Med. List Price

$344.9K

Med. Price/SqFt

$195

Avg. Days On Market

70

3500 W Hughes Pl vs Sioux Falls

12 DAYS ON ROCKET

-58 Days

$2,400,000

+$2.0M More

KEY TAKEAWAY

This property is $2.0M more than the Median List Price in Sioux Falls, SD.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #22408816

Listing Office:

  • Office Name: Brooks Commercial Real Estate
  • Listing Agent: Jeffrey Brooks

IDXThe data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTOR® Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by other brokerage firms are marked with the Internet Data Exchange™ logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. 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. 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. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The REALTOR® Association of the Sioux Empire, Inc. does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
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©2024 REALTOR® Association of the Sioux Empire, 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: 12/21/2024, 1:20:54 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
2020$4,031$186,700
2019$3,876$179,280
2018$3,768$179,280
2017$3,283$150,881

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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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.

Nearby Schools

school-card-donut-716389
6
/10

  • Explorer Elementary School

  • 4010 W 82nd St

  • 0.38 miles

  • Public District Grades KG-5

school-card-donut-716390
7
/10

  • Endeavor Elementary School

  • 2401 W 95th St

  • 1.11 miles

  • Public District Grades KG-5

school-card-donut-716391
5
/10

  • Journey Elementary School

  • 6801 S Grange Ave

  • 1.63 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,140. The majority of Sioux Falls, SD residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Sioux Falls, SD

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Sioux Falls, SD?

Sioux Falls presents a diverse housing market with a blend of residential options to suit various preferences. Single-family homes are prevalent, making up a significant portion of the housing stock, with architectural styles ranging from ranch to split-level and contemporary. The city also offers a selection of condominiums and townhouses, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The housing development in Sioux Falls has seen various phases, with a notable number of homes constructed in the late 20th century.

Is Sioux Falls, SD a good place to live?

Sioux Falls is celebrated for its welcoming community spirit and the balance it strikes between urban amenities and natural beauty. The city prides itself on its well-maintained parks, including the iconic Falls Park, which serves as a focal point for both residents and visitors. Annual events such as the Sioux Falls JazzFest and SculptureWalk add to the city's vibrant cultural scene, reflecting the community's appreciation for the arts and entertainment.

Are things conveniently located in Sioux Falls, SD?

The community is served by a robust educational system, including numerous public and private schools that cater to a range of educational needs. Healthcare is well-supported with several hospitals and clinics offering a variety of services from emergency care to specialized treatments. Retail and dining options are plentiful, with local businesses and national chains providing a mix of shopping and culinary experiences that mirror the city's diverse character. Sioux Falls is also home to a network of public libraries that serve as educational and cultural hubs.

What does the transportation in Sioux Falls, SD look like?

Transportation in Sioux Falls is facilitated by a comprehensive road network, including major highways that connect the city to surrounding areas. Public transit is available, with bus services covering key routes throughout the city. The area's walkability varies, with certain neighborhoods offering more pedestrian-friendly environments than others. Bike paths and lanes are also available for cycling enthusiasts. While specific ride-sharing services are operational in the city, their presence complements the existing transportation options, offering residents and visitors an additional mode of travel.

Frequently Asked Questions About 3500 W Hughes Pl

What is the listing price of this property?

The listing price of 3500 W Hughes Pl property is $2,400,000.

What type of property is this?

The property 3500 W Hughes Pl is a house located in Sioux Falls, South Dakota, 57108.

Is this property for sale now?

Active Listing: 3500 W Hughes Pl is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,031 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 3500 W Hughes Pl is 2004.

Rocket Homes›South Dakota›Lincoln County›Sioux Falls›57108›3500 W Hughes Pl

This home is located at 3500 W Hughes Pl in Sioux Falls, SD and zip code 57108. This home was built in 2004. It has been listed on Rocket Homes since December 09, 2024 and is currently priced at $2,400,000.

The number of homes for sale in Sioux Falls, SD increased by 44.5% between October 2024 and November 2024. The median list price of listings available in November 2024 was $344,950, while the average time on the real estate market was 70 days.

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

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