Prime south side location for an exciting investment opportunity to own several individual condo units in the same building. All units are currently occupied and the historic occupancy rate is over 95%. Monthly HOA dues for professional management of building maintenance, plus insurance that even covers the inside of each condo. Elevator in the building allows easy access to all floors and units. Covenants in place to ensure units can not be used as short term rentals. This offering includes a mix of one bedroom/one bath condos and two bedroom/two bath condos. All of the condos included in this offering are individual units that can now be purchased with secondary market financing. Creative seller will consider home trades or owner financing. REALTOR owned.
This property is $1.2M more than the Median List Price in Sioux Falls, SD.
Based on homes listed in November 2024
MLS Details
MLS Information:
MLS Number: #22408043
Listing Office:
Office Name: The Experience Real Estate
Listing Agent: Kory Davis
The 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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,027
Per Month
Principal & Interest
$7,960
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,848
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Explorer Elementary School
4010 W 82nd St
Distance between this listing and this school0.46 miles
Public District Grades KG-5
7
/10
Endeavor Elementary School
2401 W 95th St
Distance between this listing and this school1.11 miles
Public District Grades KG-5
5
/10
Journey Elementary School
6801 S Grange Ave
Distance between this listing and this school1.52 miles
Public District Grades KG-5
Nearby Schools
6
/10
Harrisburg North Middle School
2201 W 95th St
Distance between this listing and this school1.24 miles
Public District Grades 6-8
4
/10
Edison Middle School
2101 S West Ave
Distance between this listing and this school3.43 miles
Public District Grades 6-8
7
/10
Patrick Henry Middle School
2200 S 5th Ave
Distance between this listing and this school4.02 miles
Public District Grades 6-8
Nearby Schools
3
/10
Roosevelt High School
6600 W 41st St
Distance between this listing and this school3.29 miles
Public District Grades 9-12
4
/10
Harrisburg High School
1300 W Willow St
Distance between this listing and this school3.85 miles
Public District Grades 9-12
4
/10
Lincoln High School
2900 S Cliff Ave
Distance between this listing and this school4.03 miles
The neighbors living near this home have an average income of $75,862. Most Sioux Falls, SD residents have annual incomes between $35k-100k. Typical family type is married, with kids. Residents of this area typically have post secondary degree education.
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 are the common housing types 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.
What are the advantages of living in Sioux Falls, SD?
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 essential services in Sioux Falls, SD convenient?
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.
How do Sioux Falls, SD residents get around?
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 7442 S Louise Ave
What is the listing price of this property?
The listing price of 7442 S Louise Ave property is $1,594,800.
What type of property is this?
The property 7442 S Louise Ave is a house located in Sioux Falls, South Dakota, 57108.
Is this property for sale now?
Active Listing: 7442 S Louise Ave is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 7442 S Louise Ave is 2010.
This home is located at 7442 S Louise Ave in Sioux Falls, SD and zip code 57108. This home was built in 2010. It has been listed on Rocket Homes since October 31, 2024 and is currently priced at $1,594,800.
The number of homes for sale in Sioux Falls, SD increased by 44.5% between October 2024 and November 2024. Listings spent 70 days on the market in November 2024, and had a median list price of $344,950 during the same period.
From Rocket Homes Real Estate and based on county public records data.