At a glance
The numbers, up front
List price
$725,000
Contemporary two-story townhome
HOA dues
$365/mo
Garbage, snow removal, lawn care
Taxes
$8,373/yr
Per listing information; verify current figure
Built
2018
2,468 sq ft finished across three levels
The Q&A
Plain-language answers
Every answer below stays inside what the listing and the agent can actually tell you. If a number needs verifying before closing, the answer says so out loud.
How much is the list price?
$725,000, for a 2018-built, two-story townhome with 2,468 finished square feet across three levels, two en-suite bedrooms, four baths, a chef's kitchen, and an attached heated two-car garage.
What do the HOA dues cover?
$365 per month covers garbage, snow removal, and lawn care. That means the trash account, the January shoveling, and the mowing are handled by one predictable bill. The dues don't cover your interior, utilities, or taxes, and the HOA governing documents spell out the full rules.
Does the seller pay any of the HOA?
With an acceptable offer, the seller pays 12 months of HOA dues, subject to agreed purchase agreement terms. It's part of the offer conversation, and Jennifer will lay out exactly how it works when you're ready to talk numbers.
How much are the property taxes?
Per the listing information, about $8,373 per year. Tax figures change with assessments, so verify the current number with the county before closing.
What schools serve this address?
2813 S Terry Ave sits in the Sioux Falls School District and feeds to Oscar Howe Elementary, Memorial Middle School, and Roosevelt High School. Attendance boundaries can change, so confirm current assignments with the district before relying on them.
What is the lock-it-and-leave-it lifestyle?
It means the outside work doesn't wait for you. The HOA handles mowing, snow, and trash; the exterior is low-maintenance brick, stucco (Drivit), and wood; a security system covers the home; and the attached garage is heated so the car is ready in any season. Travel, work long hours, or spend winters elsewhere, and the house takes care of itself.
How old is the home, and what condition is it in?
Built in 2018, so it's a newer build with systems already in place: chef's kitchen with ceiling-height custom cabinets, primary suite with heated bathroom floors and a deck over Lake Lorraine, a finished lower level with gas fireplace and wet bar, pre-wired surround sound, security system, underground sprinkler, and a wheelchair-adaptable layout. Jennifer's construction and electrical background means she'll walk you through what to check, and a home inspection is always part of the buying process.
How many bedrooms and bathrooms?
Two bedrooms, both upstairs and each its own suite with a private bath, plus four total bathrooms: one full, two three-quarter, and one half. Laundry is on the upper level beside the bedrooms.
Is there a garage?
An attached two-car garage that's heated, 24 by 22 feet, with an epoxy floor, a floor drain, and hot and cold water. In a Sioux Falls winter, a warm garage and a warm car matter.
Where is the home, and what's the commute like?
In the Lake Lorraine district of southwest Sioux Falls, cross street Westlake Drive. Downtown is about 4-5 miles by road, Sioux Falls Regional Airport is roughly 8 miles, and I-29 is minutes west.
How do I schedule a showing?
Call or text Jennifer Krosch at 605-214-6482, email her at jennifer.krosch@exprealty.com, book a time on her calendar, or send the form on this page. Showings are by appointment, and she's happy to walk the deck and the HOA numbers with you.
Can I rent out the townhome?
Whether a unit can be rented, and under what conditions, is decided by the HOA governing documents. That is a question to take to the declaration and rules before you make an offer, because the rental policy affects both your daily life and your future resale pool. Jennifer will point you to the right sections and explain them.
Are pets allowed?
Pet rules, like rental rules, live in the association's governing documents: what pets are allowed, size and breed limits if any, and how many. Ask for the declaration and rules as soon as you are seriously interested, and read the pet section even if you do not have a pet today, because your future buyer might.
Can the HOA dues go up?
Yes. Dues can be adjusted, and the declaration and the board's budgeting process govern how increases are decided. The current figure is $365 per month per the listing information; the documents lay out how the board sets and changes the fee, so read them and ask about recent history on your tour.
What is a special assessment?
A special assessment is a one-time charge to owners when the association faces a large expense, such as roofs, siding, or common-area work, that the reserve fund does not fully cover. Buyers should ask whether the association has a reserve study, how the fund is funded, and whether any special assessment has been approved or discussed. Roofs and siding age on someone's timetable, and the reserves decide whose.
Is this a condo or a townhome for lending purposes?
The legal classification on the deed decides it, not how the building looks. If the home is recorded as a condominium, FHA and VA loans require the project to meet approval rules; a fee-simple townhome inside an association is typically treated more like a single-family home, though the dues and rules still apply. Ask Jennifer and your lender which category applies before you commit to a loan path.
How do the HOA dues affect my mortgage?
Lenders count association dues as part of your monthly housing expense when they calculate how much you qualify to borrow. The $365 per month at this address reduces your qualifying power by that amount, which is why it belongs in your budget from the first conversation. See the financing guide on this site for the full explanation.
What can you actually do on the lake?
The centerpiece is the one-mile paved Lake Walk around the 33-acre lake, with benches and swings along the way. In season, Flow and Paddle offers paddleboard and kayak rentals and classes at the lakefront. On a private lake, swimming, private kayaking, and other independent water use are not allowed; water activities are organized through the developer and its contracted operators, so check the district's own site for the current lineup.
Can you fish at Lake Lorraine?
The lake is privately owned, so fishing is generally not allowed. The development does host occasional catch-and-release fishing classes with South Dakota Game, Fish & Parks, which require registration through the state. The lake is stocked with fish including largemouth bass, northern pike, and crappie, so the occasional class draws a real crowd.
When does the Lake Lorraine farmers market run?
The west-side farmers market runs through the warm season, roughly June through October. The district's event calendar also includes Crazy Days in January and July and Halloween events in October, and the grounds are generally open from about 9 a.m. to 9:30 p.m. daily, so there is almost always something on the calendar.
What do the monthly costs add up to beyond the mortgage?
For a buyer, the recurring costs are the mortgage itself, HOA dues of $365 per month, property taxes of about $8,373 per year per the listing information, homeowners insurance, and utilities. The HOA covers garbage, snow removal, and lawn care only, so interior upkeep and utilities stay yours. Verify the current tax figure with the county before closing, since assessments can move it.
How long does the whole buying process take?
From accepted offer to closing, financed purchases in South Dakota typically run about 30 to 45 days, and cash deals can move faster. The inspection usually happens within the first week or two after acceptance, and your lender clears the rest on its own clock. Jennifer lays out the exact calendar with every offer so you know each deadline before you sign.
Do I really need a home inspection on a 2018 build?
Yes. A newer build like this one is in better starting shape than much of the housing stock here, but age never replaces a professional inspection. The inspector checks the furnace, AC, water heater, roof, major appliances, and the shared structure, and the results become your negotiation points. Jennifer's construction and electrical background means she can help you read whatever the inspector finds.
How close is the lake walk and the retail?
2813 S Terry Ave sits at the corner of Westlake Drive, a short walk from the lake and the district's shops and restaurants. The one-mile Lake Walk loops around the 33-acre lake, and the retail row with Hobby Lobby, Marshalls, HomeGoods, and the district's dining spots is on foot from the townhomes. It is the rare listing where the walk score pitches itself.
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Jennifer gets asked about HOA documents, closing costs, inspection timelines, and what the deck actually looks like on a summer evening. Whatever it is, ask it directly. She answers every inquiry herself.
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