May 2020 REC Brochure

MLS#64318

$

415,000

423 Tranquility Lane • Spearfish

Enjoy the beauty of this quality townhome that overlooks Spearfish with gorgeous views of Crow Peak. Spacious 4 BR, 3 BA home with a 3 stall garage and ample storage. The covered deck has lighting, hook up for a gas grill and spectacular views. Enjoy the warmth of the fireplace in the living room as you enjoy the views and privacy this townhome offers. The main floor features hardwood floors, vaulted ceilings and an open floor plan.

We are real estate professionals that will work hard for you!

INSIDE THIS ISSUE Page 3 Residential Check out our residential listings!

Page 4 Land Check out our land listings!

Page 6 Commercial Check out our commercial listings!

FIVE CRITERIA FOR PRICING A HOME

When you put your home up for sale, one of the best ways to determine the asking price is to look at comparable sales. There’s rarely a perfect apples-to-apples comparison, so a pricing decision often relies on comparisons to several recent sales in the area. Here are five criteria to look for in a sales comparison.

Location: Homes in the same neighborhood typically follow the same market trends. Comparing your home to another in the same neighborhood is a good start, but comparing it to homes on the same street or block is even better.

Date of sale: It varies by location, but housing markets can see a ton of fluctuation in a short time period. It‘s best to use the most recent sales data available.

Home build: Look for homes with similar architectural styles, numbers of bathrooms and bedrooms, square footage, and other basics.

Features and upgrades: Remodeled bathrooms and kitchens can raise a home’s price, and so can less flashy upgrades like a new roof or HVAC system. Be sure to look for similar bells and whistles.

Sale types: Homes that are sold as short sales or foreclosures are often in distress or sold at a lower price than they’d receive from a more typical sale. These homes are not as useful for comparisons.

140 W. Jackson Blvd. • Spearfish, SD 57783 605-642-2525 • www.spearfishrealestatecenter.com

WHICH DOWN PAYMENT STRATEGY IS RIGHT FOR YOU?

You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal.

It also helps you get favorable rates from lenders.

But there can actually be financial benefits to putting down a small down payment—as low as three percent—rather than parting with so much cash up front, even if you have the money available.

THE DOWNSIDE: The downsides of a small down payment are pretty well known. You’ll have to pay Private Mortgage Insurance for years, and the lower your down payment, the more you’ll pay. You’ll also be offered a lesser loan amount than borrowers who have a 20-percent down payment, which will eliminate some homes from your search.

THE UPSIDE: The national average for home appreciation is about five percent. The appreciation is independent from your home payment, so whether you put down 20 percent or three percent, the increase in equity is the same. If you’re looking at your home as an investment, putting down a smaller amount can lead to a higher return on investment, while also leaving more of your savings free for home repairs, upgrades, or other investment opportunities.

THE HAPPY MEDIUM: Of course, your home payment options aren’t binary. Most borrowers can find some common ground between the security of a traditional 20 percent and an investment-focused, small down payment. Your trusted real estate professional can provide some answers as you explore your financing options.

The Real Estate Center of Spearfish would like to express our concerns and ensure you we are committed to the health and safety of our clients, staff, agents and community. Although we are remaining open during normal business hours, we will refrain from greetings such as hand shaking, and we are implementing a “6-foot rule” from individuals. We are also keeping the office visits to appointment only. If you need to pay rent to The Rental Center, please use the drop box located near the front door. You may also mail your payments to our office at 140 W Jackson Blvd, Spearfish, SD 57783. We will not be accepting cash until further notice.

Call your Realtor at 605-642-2525 or your Property Manager at 605-717-5555 for any questions, concerns or comments.

Please check out our website for more information! www.spearfishrealestatecenter.com/covid-19

TOP PRODUCER Jason Richards

March 2020

TOP PRODUCING

BROKER ASSOCIATE

Cathy Buckmaster March 2020

RESIDENTIAL 195 Pine Cone Ave, Spearfish $ 1,425,000 • MLS#60692

444 Spirit Mountain Pl, Spearfish $ 775,000 • MLS#62124

204 Stone Gate Dr, Spearfish $ 379,900 • MLS#61921

1505 Becky Ct, Spearfish $ 325,000 • MLS#63957

6 BR • 8 BA • 5.77 Acres • 8,076 Sq. Ft. Situated on 5.77 acres above the City of Spearfish, this unique home offers a serene setting with untouched views of Crow Peak and the western range of the Black Hills.

4 BR • 3.5 BA • 4.93 Acres • 3,565 Sq. Ft. A perfect mountain retreat with unparalleled views and high-quality custom finishes.

Located in a remote, 3-home cul-de-sac on the rim of Spearfish Canyon.

3 BR • 2 BA • 0 Acres • 2,581 Sq. Ft. This elegant town home has everything you need on the main floor including golf course access. With so many unique facets to this home, you must see it to believe it!

4 BR • 3 BA • 0.67 Acres • 2,290 Sq. Ft. This home sits on a .67 acre lot with newer flooring throughout. Tile in entryway. Open living room, dining & kitchen areas. Nice pantry & plenty of storage!

716 E Hudson St, Spearfish $ 256,500 • MLS#64039

713 S 31st St, Spearfish $ 255,000 • MLS#64137

1021 Spartan Dr, Spearfish $ 239,900 • MLS#64353

530 W Nash St, Spearfish $ 215,000 • MLS#TBD

4 BR • 2 BA • 0.16 Acres • 2,112 Sq. Ft. The home features an oversized garage with a workshop on the back side of the garage, a storage shed, chain link fence and a 4 bedroom home with spacious living space.

3 BR • 3 BA • 0.21 Acres • 1,968 Sq. Ft. This home features main floor laundry and wonderful views right in Spearfish!

The kitchen/dining/living area are open concept, perfect for gathering.

3 BR • 2 BA • 0.29 Acres • 1,656 Sq. Ft. Feel at home in this updated ranch style 3 bedroom, 2 bath home located on a spacious corner lot, with wonderful views less than two blocks from Black Hills State University.

5 BR • 2 BA • 0.17 Acres • 2,128 Sq. Ft. This 5 bedroom house has space to spare.

It is centrally located with great walk-ability; close to downtown, the bike path, Spearfish Creek, park space and BHSU.

251 Juniper Dr, Belle Fourche $ 259,000 • MLS#63728

1232A Elk Dr, Belle Fourche $ 167,500 • MLS#64092

21178 Gilded Mountain Rd, Lead $ 518,000 • MLS#61609

21185 Lost Camp Trl, Lead $ 485,000 • MLS#61428

21752 Penny Ln, Nemo $ 959,000 • MLS#63532

21752 Penny Ln, Nemo $ 749,000 • MLS#63737

23720 Wallace St, Rapid City $ 1,150,000 • MLS#64338

225 Pine St, Hulett, WY $ 292,500 • MLS#62538

4 BR • 3 BA • 0 Acres • 2,700 Sq. Ft. 3 BR • 2 BA • 0.81 Acres • 1,405 Sq. Ft. 4 BR • 2.5 BA • 0.38 Acres • 2,368 Sq. Ft. 5 BR • 3.5 BA • 0.38 Acres • 2,760 Sq. Ft. This home on the edge of the city boasts an Nicely updated home conveniently located on Amazing Cabin at Gilded Mountain...This is a Fully furnished, turn-key vacation rental cabin open floor plan with vaulted ceilings, hard.81 acres in Belle Fourche! With all this room fully furnished cabin with a good summer at Terry Peak! A lot of thought has been put wood floors, tiled bathrooms, large back deck you can enjoy your privacy as well as have a vacation rental history. Truly a turnkey proper- into this property from design to finish materiand fenced yard with a sprinkler system. large garden and even chickens! ty that is in a convenient location to the BH. als will be evident when you walk through.

6 BR • 3 BA • 71.44 Acres • 3,900 Sq. Ft. 6 BR • 3 BA • 25.03 Acres • 3,900 Sq. Ft. 4 BR • 5 BA • 40 Acres • 5,705 Sq. Ft. 3 BR • 2 BA • 0.22 Acres • 3,060 Sq. Ft. This property should check all the boxes This property should check all the boxes Located fewer than 20 minutes to the city This home is located in a gorgeous setting on your BH Dream home. Streams, ponds, on your BH Dream home. Streams, ponds, center of Rapid City sits a magnificent custom just across the street from a park and a picnic borders BH National Forest, has easy access, borders BH National Forest, has easy access, home situated on a secluded and private 40 shelter, and is surrounded by the beautiful abundant wildlife and is fenced for horses. abundant wildlife and is fenced for horses. acre tract above the SD prairie in the pines. red cliffs of Hulett, Wyoming.

LAND Windmill & Paramount Dr, Spearfish $ 1,200,000 • MLS#63589

TBD Windmill Dr, Spearfish $ 899,000 • MLS#63591

TBD Crow Peak Bench, Spearfish $ 440,000 • MLS#61629

TBD Paramount Dr, Spearfish $ 345,000 • MLS#63590

13.42 Acres • Subdiv.: YES • Coven.: YES The opportunities are endless on the 13.42 acres that has easy access off of I-90 from Exit 14 to Paramount Drive as well as Windmill Drive in Sandstone Addition.

9.87 Acres • Subdiv.: YES • Coven.: YES The opportunities are endless on the 9.87 acres that has easy access off of I-90 from Exit 14 to Windmill Drive in the Sandstone Addition.

40 Acres • Subdiv.: NO • Coven.: NO This is a gorgeous piece of BH land with views of Higgins Gulch, Crow Peak, Lookout Mtn and the Northern Plains. Borders G,F&P with several building sites to choose from.

3.55 Acres • Subdiv.: YES • Coven.: YES The opportunities are endless on the 3.55 acres that has easy access off of I-90 from Exit 14 to Paramount Drive in the Sandstone Addition.

TBD Lookout Mtn Rd, Spearfish $ 314,900 • MLS#64075

19992 Ridgefield Loop, Spearfish $ 175,000 • MLS#63600

TBD Aspen Hills Rd, Spearfish $ 59,000 • MLS#63753

TBD Mountain Plains I, Spearfish $ 59,000 • MLS#57358

TBD Powderhorn Ct, Spearfish $ 40,000 • MLS#63617

326 Cottage Hill Ln, Spearfish $ 35,000 • MLS#60541

TBD Lark Spur Rd, Deadwood $ 69,900 • MLS#64197

TBD N Rochford Rd, Lead $ 875,000 • MLS#64363

TBD Morning Star Rd, Lead $ 109,000 • MLS#62379

TBD Paradise Acres, Lead $ 65,000 • MLS#53574

29.32 Acres • Subdiv.: YES • Coven.: YES 3.39 Acres • Subdiv.: YES • Coven.: NO The property features a forested building 360 degree views of the Black Hills and South site and then flows into the grassland below. Dakota Prairie can be found at the top of this All accessible from Lookout Mtn Rd. Truly a lot with multiple building sites situated gorgeous piece of land with a view of the hills. between mature pine trees.

0.12 Acres • Subdiv.: YES • Coven.: YES Opportunity! Nice lot located in Sandstone Subdivision with views of Crow Peak and boarders city of Spearfish land for privacy and unobstructed views.

0.20 Acres • Subdiv.: YES • Coven.: YES Build your home on the last lot available on Cottage Hill Lane in Sandstone Hills.

HOA fee is $125/mo and pays for snow, lawn and sprinklers.

TBD N Rochford Rd, Lead $ 525,000 • MLS#64361

TBD N Rochford Rd, Lead $ 466,515 • MLS#64362

50 Acres • Subdiv.: NO • Coven.: NO Unique opportunity to own a pristine, untouched 50+/- acres (to be platted) of Black Hills property with miles of views and much more.

44.43 Acres • Subdiv.: NO • Coven.: NO Unique opportunity to own a pristine, untouched 44.43+/- acres (to be platted) of Black Hills property with miles of views and much more.

11.29 Acres • Subdiv.: YES • Coven.: YES 2.57 Acres • Subdiv.: YES • Coven.: YES A This secluded lot is located at the end of the RARE FIND! 2.57acres in Mountain Plains I. road and is heavily wooded with mature pine Great building options, scattered pines and trees. Mountain bike trails, snowmobile trails quick access to town on paved roads! Grab it and 4 wheel trails are just down the road. before it’s gone. Very few lots left available.

3.61 Acres • Subdiv.: YES • Coven.: YES 94.43 Acres • Subdiv.: NO • Coven.: NO Picture perfect lot in beautiful, scenic Meadow Unique opportunity to own a pristine, Crest subdivision. Blacktopped, well-mainuntouched 94.43 acres of Black Hills tained roads make this easy for Deadwood property with miles of views and much more. and Boulder Canyon access.

Property is subdividable as well.

7.65 Acres • Subdiv.: YES • Coven.: YES 2.13 Acres • Subdiv.: YES • Coven.: YES This Paradise Acres lot is quite possibly the This home site in Paradise Acres is perfectly nicest home site in the Northern Hills! This lot positioned to take advantage of beautiful reveals breathtaking views of Terry Peak views, privacy and ease of access. One of the and the beauty of the Black Hills. earliest lots originally sold in the subdivision.

MULTI

LAND TBD Penny Ln, Nemo 410,000 • MLS#63985

$

TBD Penny Ln, Nemo 363,875 • MLS#63742

$

41.41 Acres • Subdiv.: NO • Coven.: NO This land includes streams, ponds, borders Black Hills National Forest, easy access, abundant wildlife, over 41 acres, and meadows. Has BH Energy on property.

29.11 Acres • Subdiv.: NO • Coven.: NO This land includes streams, ponds, borders Black Hills National Forest, easy access, abundant wildlife, over 29 acres, and meadows. Has BH Energy on property.

14116 Sturgis Road, Piedmont $ 1,995,000 • MLS#62757

2917 Mona Rd, Aladdin, WY $ 1,900,000 • MLS#61918

RANCH

34.16 Acres • 4 BR/3 BA Home This parcel includes more than 1,600 ft. of I-90 frontage and over 1,700 ft. of service road frontage. Currently the property is being used as an equestrian center.

1,382 Acres • 3 BR/2 BA Home There is abundant wildlife on the ranch and only family has been allowed to hunt on the property. Alum creek runs through the property, plus there are 3 wells and several dams.

FAMILY

TBD Penny Ln, Nemo 153,750 • MLS#63741

$

12.30 Acres • Subdiv.: NO • Coven.: NO This land includes streams, ponds, borders Black Hills National Forest, easy access, abundant wildlife, over 12 acres, and meadows. Has BH Energy on property.

646-658 E Illinois St, Spearfish $ 499,000 • MLS#64327

5 Units • Subdiv.: YES • Coven.: NO Maintenance is low due to many updates made in all the apartments and the exterior.

3-one BR units with private entrance & patio.

2-two BR units that have been renovated.

COMMERCIAL/INDUSTRIAL TBD 1st Ave, Spearfish 2,221,560 • MLS#61627

$

15 Acres • Subdiv.: NO • Coven.: NO Prime development property with water and sewer, gas and power. Develop a business in a business friendly state, no state income tax, and a great work force available.

741 Main St #210, Spearfish $ 1,475/mo • MLS#63095

125 Industrial Dr, Spearfish $ 1,950,000 • MLS#64128

145 E Hudson St, Spearfish $ 2,400/mo • MLS#63635

741 Main St #250, Spearfish $ 950/mo • MLS#63098

741 Main St #220, Spearfish $ 600/mo • MLS#63096

6.37 Acres • 51,490 Sq. Ft. • Prime Location 2,400 Sq. Ft. • Subdiv.: NO • Coven.: NO The building features 7,500 SF of office Building has a shared entrance with the posspace, 30,000+SF of warehouse/production sibility of leasing 2 office spaces and only 1/2 space, loading docks & roughly 13,500 SF of of the building. There is a commons kitchen paint/prep space that includes 5 paint booths! area and additional storage in the back.

741 Main St #230, Spearfish $ 1,675/mo • MLS#63097

2,500 Sq. Ft. • Subdiv.: NO • Coven.: NO Take advantage of this first class location in Spearfish. Newly constructed in 2018, this 2nd floor office/retail space is yours for the taking. Up to 7,000 sq. ft. is available.

120 Industrial Dr, Spearfish $ 12/Sq. Ft./Mo • MLS#62611

2,216 Sq. Ft. • Subdiv.: NO • Coven.: NO Take advantage of this first class location in Spearfish. Newly constructed in 2018, this 2nd floor office/retail space is yours for the taking. Up to 7,000 sq. ft. is available.

1,442 Sq. Ft. • Subdiv.: NO • Coven.: NO Take advantage of this first class location in Spearfish. Newly constructed in 2018, this 2nd floor office/retail space is yours for the taking. Up to 7,000 sq. ft. is available.

899 Sq. Ft. • Subdiv.: NO • Coven.: NO Take advantage of this first class location in Spearfish. Newly constructed in 2018, this 2nd floor office/retail space is yours for the taking. Up to 7,000 sq. ft. is available.

5,000 Sq. Ft. • Subdiv.: NO • Coven.: NO Spearfish Economic Development Corp is happy to offer this commercial property for lease. This office space features 5,000 sq. ft. that can be customized to meet your needs.

120 Industrial Dr, Spearfish $ 9/Sq. Ft./Mo • MLS#62612

1 5th Ave, Belle Fourche $ 1,600,000 • MLS#62445

2107 5th Ave, Belle Fourche $ 199,000 • MLS#63592

TBD Industry Pl, Whitewood $ 77,800 • MLS#59751

TBD Industry Pl, Whitewood $ 77,800 • MLS#59753

14116 Sturgis Rd, Piedmont $ 1,295,000 • MLS#64206

20,000 Sq. Ft. • Subdiv.: NO • Coven.: NO 44,672 Sq. Ft. • Subdiv.: YES • Coven.: NO Spearfish Economic Development Corp is With over 4.5 acres total and just over 1.75 happy to offer this commercial property for acres of concrete parking, a better deal lease. This office space features 20,000 sq. ft. cannot be found. Located at the intersection that can be customized to meet your needs. of US Hwy 85 and US Hwy 212.

0.95 Acres • Subdiv.: NO • Coven.: YES One of the finest industrial parks in the Northern BH. Easy access to the Interstate with paved roads to the lot. Level lot, power, gas and water to site.

0.94 Acres • 14 Units • Prime Location There is city water, sewer and electricity on the lot. The possibilities are limitless. This property is located on Hwy 85 with one of the highest traffic counts anywhere.

TBD Sturgis Rd, Piedmont $ 525,000 • MLS#64207

22 Acres • Subdiv.: NO • Coven.: NO 12 Acres • Subdiv.: NO • Coven.: NO This 22 acre parcel includes I-90 frontage and This 12 acre parcel includes I-90 frontage and service road frontage. A 2,400 sq. ft. home is service road frontage. 1 billboard is located situated at the entrance of the property and adjacent to I-90 on the northern edge of the includes 4 BR, 3 BA and a 2 car garage. property with a lease agreement in place.

0.91 Acres • Subdiv.: NO • Coven.: YES One of the finest industrial parks in the Northern BH. Easy access to the Interstate with paved roads to the lot. Level lot, power, gas and water to site.

Our Staff

Our Contact

140 W Jackson Blvd.

Spearfish, SD 57783 605-642-2525

Tina Grable

Real Estate Renter Center Property Manager

Our Specialties

605-717-5555

• Honesty and Integrity • Personalized and Quality Service for our Clients • Worldwide Marketing and Technology • Commitment to Client Needs

Jennifer Gabriel

Business Manager

605-642-2525

Our Company

Shelby Moyer

The Real Estate Center of Spearfish has been listing and selling property in the Black Hills area since May of 1992.

Our owners, broker associates and licensed broker assistants have a combined experience of over one hundred fifty years in the business. Over the past two decades, we have grown and prospered in pace with the strong economy of the Black Hills. We handle all areas of Real Estate including Residential, Multi-Family, Commercial, Farm/Ranch and Land Development. Our team takes pride in their professionalism, hard work ethic and outstanding customer service.

Administrative Assistant

605-642-2525

Grace McMillin

Marketing Director

605-642-2525

Our Agents

Sue Cramer

Polly Garrett

Ryan Wordeman

Kari Engen

Kade Welfl

Beth Mathis

Lori DeVries

Owner/Managing Broker Owner/Broker Associate Owner/Broker Associate Owner/Broker Associate Owner/Broker Associate Owner/Broker Associate Owner/Broker Associate

605-645-2391 605-645-2331 605-484-7803 605-641-0670 605-210-0010 605-645-6284 605-641-7529

Jason Richards

Owner/Broker Associate

Pattie Parrett

Broker Associate

LuAnn Bice

Broker Associate

Cathy

Buckmaster Broker Associate

Stephanie Eddie Broker Associate

Kellie Peotter

Broker Assistant

John Marta

Broker Assistant

605-381-1087 605-645-1809 605-660-4431 605-210-2222 605-645-6315 605-641-7295 605-641-9767