For sale by owner
    • $535,000

    109 3rd St, Lead, SD 57754

    4beds
    2,775sqft
    : 
    SingleFamily
    Built in 1940
    0.82 Acres Lot
    $-- Zestimate®
    $193/sqft
    $-- HOA

    What's special

    Dining roomPlenty of off-street parkingRefinished original hardwood floorsNice viewsBench and hooksFront entryNew carpet
    This completely remodeled home with new siding (smart side) sits quietly back from the street with privacy, nice views out the new windows, and plenty of off-street parking including a 2 car garage. We took this home down to the studs, so everything inside is new, minus the refinished original hardwood floors. There is new marmoleum flooring in the kitchen/baths/utility room, new carpet everywhere, with the coolest wool carpet in the living room. New sheetrock, paint, fixtures, cabinets, trim, etc. etc. etc. New plumbing and electrical. There is a front entry, living room, dining room, kitchen, a bedroom and a full bath on the main floor. Upstairs is another full bath attached to the master, another bedroom, and a non-conforming "office." Downstairs is another full bath, completed finished rec room, another bedroom and the laundry/utility. The entrance from the garage is in the basement with a tiled mudroom area with room for a bench and hooks.
    What the owner loves about this home
    I just want to note that the "zestimate" and the actual cost of the house are strikingly different. This is because the house as we bought it two years ago at 265K would have appreciated to 323K, as is. That's fine, but we put 200K into this house in materials alone. New electrical and plumbing and everything else. We used our subs and didn't spare cost to flip it as cheaply as possible. On top of that, the additional 12K would be our labor costs and overhead, which, to be fair as contractors that is low, but we simply want to get out what we have into it in high quality labors and materials. It is what it is and so is the market and we understand. I just wanted to explain a bit, so it doesn't seem like we are completely out of our minds. There is a lack of affordable housing in all areas of our Black Hills region, but when you factor in the cost of materials you find the discrepancies. I don't know how to do it for less, or make it cost less, but we've been as transparent as we could be. Thanks.
    12 days
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