Podcast
Podcast Episode 34 | Property Lens New Scoring Feature Reveals Red Flags Faster in Dakota Home
December 9, 2025
Listen or Watch on Youtube
Watch Episode 34
In This Episode
Hosts:
Bob Frady & John Siegman
Properties:
6208 South Landau Circle, Sioux Falls, SD 57108
Episode Summary
In this episode of Property of the Week, Bob Frady and John Siegman review a stunning off-market home in Sioux Falls, South Dakota. A beautifully remodeled 4-bed, 5-bath property with an A-rated structure score… and a C-rated Safe Place score. This home is almost perfect — until Mother Nature walks in.
Key Takeaways
In this episode: • What an A-rated home score really means • Why South Dakota weather is the property’s biggest threat • How radon, hail, wind, and frost heaving affect buying decisions
Plus: Why pocket listings can be both exciting and full of unknowns
Whether you’re relocating for tax savings, eyeing a high-end Midwest home, or curious how PropertyLens handles non-listed properties, this breakdown shows the power of walking in informed, even before the home hits the market.
key findings & Insights:
• Structure Score: A - one of the highest they’ve seen
Watch Episode 34
In This Episode
Hosts:
Bob Frady & John Siegman
Properties:
6208 South Landau Circle, Sioux Falls, SD 57108
Episode Summary
In this episode of Property of the Week, Bob Frady and John Siegman review a stunning off-market home in Sioux Falls, South Dakota. A beautifully remodeled 4-bed, 5-bath property with an A-rated structure score… and a C-rated Safe Place score. This home is almost perfect — until Mother Nature walks in.
Key Takeaways
In this episode: • What an A-rated home score really means • Why South Dakota weather is the property’s biggest threat • How radon, hail, wind, and frost heaving affect buying decisions
Plus: Why pocket listings can be both exciting and full of unknowns
Whether you’re relocating for tax savings, eyeing a high-end Midwest home, or curious how PropertyLens handles non-listed properties, this breakdown shows the power of walking in informed, even before the home hits the market.
key findings & Insights:
• Structure Score: A - one of the highest they’ve seen
• Major environmental and weather risks
• 15 damaging events on record, mostly hail and wind
• Roof replaced ~4 years ago; verify materials + transferable warranty
• Low repair costs: estimated $4K over two years
• High insurance risk due to hail frequency
• Elevated radon and mold potential
• 2021 full remodel + high-quality finishes throughout
Pocket listings feel exclusive but the hidden risks don’t hide from PropertyLens.
Resources
Realtor.com
Try it:Propertylens.com
Questions Contact us: support@propertylens.com
Transcript
[00:00:00] Bob Frady: Ladies and gentlemen, boys and Girls, ships at Sea. It is tithe for another episode of Property of the Week from PropertyLens. For those of you who don't know, or if it's your first time here, I'm Bob Frady, the CEO and Co-founder of PropertyLens. And with me as always is
[00:00:24] John Siegman: John Siegman, president, co-founder of PropertyLens.
[00:00:28] Bob Frady: So John. I had a little trip to South Dakota, south Dakota's, a tax free state,
[00:00:36] John Siegman: Income tax free state
[00:00:39] Bob Frady: Income tax free state. And one of my friends who shall remain nameless wanted to go look at potential, do tax charges, I mean, real estate investments in South Dakota. So we did.
[00:00:52] John Siegman: He has to live there for at least a year before any major event.
[00:00:55] Right.
[00:00:56] Bob Frady: I listen, I'm outta that party equation. It's whatever, whatever. But we did see some houses and I saw a pretty nice house. I actually toured this house myself and I thought, well let's run a PropertyLens, report through it and see what happens. So if you don't mind, I'm gonna call up.
[00:01:19] Let's do it. Up. A beautiful address in South Dakota. So let me share my screen. And we will share this screen right here. And here's the address that we're gonna look at. 6208 South Landau Circle in Sioux Falls, South Dakota. Single family house, four bedrooms, five baths. Interesting thing about this house is it's not on the market.
[00:01:44] This was what you love to call a pocket listing in real estate World Pocket listing. All right, pocket listing. So what's the first thing you see on here, John? I
[00:01:53] John Siegman: see our brand new Property Score and Safe Place score.
[00:01:56] Bob Frady: Ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding.
[00:02:00] John Siegman: From a structure standpoint, it's an A, from a safe place standpoint, it's a C.
[00:02:05] Bob Frady: We've had a lot of folks come to us and say, listen, we love what you're doing with the simplification and the summary, but I just want something simple I can look at to tell me if this is a good place or if this is not such a hot place. So we developed two different scores. One is for the structure itself, and the second is for all the stuff surrounding the structure.
[00:02:26] So the property score looks at five different variables, looks at the systems finance in terms of how fast taxes are increasing, looks at whether there's permits, looks at the details of the property, looks at the market, and looks at the repair ratio, which is. How much should you expect to spend on repairs versus how much does a house actually cost, where a lower ratio like a golf score is better?
[00:02:49] All very specific to the property itself. On the Safe Place score, we look at environmental hazards. We look at pollution. We look at the neighborhood, we look at flood risk. We look at fire risk. So all those together make up the Safe Place score. And as we could see, this is one of the highest scoring properties that we've seen so far.
[00:03:10] John Siegman: So far. And look at all that information you can't find on Zillow.
[00:03:14] Bob Frady: You're walking in pre-listing. So there's a lot of stuff that would be potentially listed in a disclosure that you're not gonna see. But walking in, you can now know stuff. About that property before it's even on the market. Now you get a little bit better if it's on the market.
[00:03:32] 'Cause the description gives you a lot of information. Excuse me. But you can know walking in the door, Hey, this is a pretty cherry house in a somewhat questionable area. Here's the big red flag. 15 possible damaging events. You know why John?
[00:03:46] John Siegman: Because South Dakota and they have hail.
[00:03:49] Bob Frady: Ding, ding, ding, ding, ding, ding, ding
[00:03:52] John Siegman: And winds.
[00:03:53] But mostly hail.
[00:03:54] Bob Frady: South Dakota has a terrible case of the winds and which you'll know if you drive around there, you see a lot of windmills. It's got building permits. It's not a flood zone. the roof's in good condition. It's not flipped. It doesn't require a lot of major renovations. The repair cost estimated to be $4,000 over the next two years because you know what?
[00:04:13] This house is in nice condition. 6% tax increase per year over the last six years is kind of in the middle, and that's 7.8% insurance increase per year over the last six years. Also, kind of in the middle, and I can tell you this is a great house, is a great, is a Bob Brady house almost. But not enough to move to South Dakota.
[00:04:33] John Siegman: So on the highlights, not gonna get flooded. Good fire protection, low crime rate. You can put some solar panels on the roof, all protect it from hail and roof is in good shape on the downside. Property size discrepancy mostly because the, initial size is like zero, so there's some goofy thing going on.
[00:04:55] There could be just from. the county assessor itself, but it is something you wanna look into. Let's see, wind and hail we already discussed. if you don't know this, it also gets cold in South Dakota. And also with those winds comes a little bit of tornado risk. They didn't write. Along with the wind there or Wizard of Oz, but, both could easily have been done right there.
[00:05:20] Bob Frady: Yes. And this house has been renovated, so I think that's probably part of the size discrepancy, something you should ask about. But there are permits associated with this house, so there's some good stuff as well. When we look at the location benefits and features, it's low crime fire station right down the street.
[00:05:40] Good soil. Spacious garage, beautiful pool, recent remodel, and the roof's in great condition. Shockingly low repair costs, but a high relative insurance premium because of the risk. So when it comes down to the summary of what you should ask, these are questions I didn't have. 'cause I didn't run the PropertyLens report until after I visited, so I didn't walk in.
[00:06:02] Knowing what to ask, but I did ask most of these questions anyway. Have you had hail damage here? The answer is yes. That's why there's a relatively new roof. How's the pool doing? And the maintenance history, weather risks are the key things, that you're looking for here. But there's also a high level of mold and read on for this location.
[00:06:21] There's some questions that you should be asking. When you walk in, okay, so here's the expected repairs. Everything's relatively new. You're not gonna spend a lot of money on maintenance on this house.
[00:06:30] John Siegman: All good.
[00:06:31] Bob Frady: What do we see as some of the key findings in the downside?
[00:06:33] John Siegman: The house's fault, but it's South Dakota's fault, so you know all the things associated with it.
[00:06:40] Lightning, tornadoes, cold wind, hail. Here's all the questions you should ask. All the details you wanna know. Toxic exposure. You got radon, you got a basement, you gotta have to have a mitigation system. You got mold because this probably gets humid there and there's probably some water around. And then, if you're on a, well, you gotta be concerned about arsenic.
[00:07:08] If you're not on a well, then you don't necessarily have to worry about it, but it is in the ground. It will seep into the water, all sorts of stuff from that standpoint.
[00:07:17] Bob Frady: So I did ask the realtor. I said, is there a radon issue here? And her answer was, I don't know. Which is fine. That's a perfectly fine answer.
[00:07:28] It's a question that you should get an answer to, but most real estate agents aren't gonna know this. And 'cause most real estate agents are not weather experts. And despite what you know, everybody complains about, this is the kind of stuff that you need. You got some soil issues here because of frost teething.
[00:07:47] 'Cause it gets cold. So you wanna check the foundation. You wanna make sure that you want to ask about any pooling. It's got a little water hardness. Do they have a water softening system, for that particular house, and all sorts of questions you can ask on more detail. Got a pool that's a little bit higher risk, but haven't seen any significant damaging events in the roof's in great condition.
[00:08:12] So these are all great. Insurance is high, with a replacement cost of 1.5 million $312 a square foot, which is pretty cheap, but still not insignificant.
[00:08:23] John Siegman: Probably is a pretty big roof.
[00:08:25] Bob Frady: Yeah. So here's the deal is, this house was last listed in 2005 at $109,000. It's 'cause it was a piece of dirt.
[00:08:34] Then they built this beautiful house on top of it where the market value is somewhere around 1.4 and that's probably super low for, for what that property could actually fetch. Because, as I've learned the hard way, comps stink. We'll publish a post about this at some point, but how people come up with market values for houses is, I swear they could do a better job with an abacus than three little kids.
[00:08:59] It's crazy because it's all based upon. Momentum in your neighborhood. if there's a lot of houses that are selling in your neighborhood, then you're going to get an assessment that's probably a bit more accurate than if they're not. I'll tell you a story. This house, we had a, an appraisal done and it came in less than we paid for it.
[00:09:19] you know how much money we put into this house? It's less than we paid for it. And they're like, well, they just aren't any houses selling in your neighborhood. that's because everybody holds onto them. And then. Everybody holds onto their houses, and you can't get appraisals because nobody sells their houses.
[00:09:34] It's like, how stupid is this? it's every single, AVM (Automated Valuation Model) came in higher than the actual appraisal, and they sent someone out here. It was a complete and total waste of money. You could have done it in five minutes with a digital report, but that's my rant about appraisals.
[00:09:57] But you gotta be careful when you're buying a house, especially like this, if the comps around it don't support it. Yikes. It gets into a lot of, problematic stuff. It's in Sioux Falls, South Dakota, more than a hundred miles from the coast. the last one, older 2005, property tax history. You can tell when the building went up, it went up in 2019 because that's when the, the property, improvement values took off.
[00:10:27] Damaging events. Here we go.
[00:10:32] John Siegman: Wind, wind, wind, hail, wind, wind, wind. It's all stuff.
[00:10:44] Bob Frady: It was a beautiful roof.
[00:10:47] John Siegman: I bet that roof that was on that house went on in, the summer of 2022.
[00:10:53] Bob Frady: Thereabouts. So here's the, let's see if we have a old timey picture. What was there in 2018?
[00:11:02] Yep. There you go. Took them a couple of years to catch up to the actual, modifications of the house.
[00:11:13] Yep. Nice place. That pool in the backyard is nice too. So roof condition replaced approximately four years ago. but it's expensive. it's a big roof, lot of shingles. Current condition looks great. All the information you ever wanna know about the roof. Okay, so what do we see here in potential threats and structural integrity there?
[00:11:45] John.
[00:11:45] John Siegman: Got some frost heave. it's cold. Guess what happens to the dirt when it gets cold, expands, moves a little bit, and then you got water hardness. Put a water softer on, takes care of that. Everything else is good.
[00:12:02] Bob Frady: If we look at the soil. It's soft, rich in dark soils. Listen, South Dakota grows a lot of stuff.
[00:12:09] Not for a whole year, but it grows a lot of stuff 'cause it's great soil. Five feet down at the water table, limited access for septic tank. There is an area that's like a catchment area at the southern end of this property and it's got a limited basement. It's down a little bit, but not way, way down.
[00:12:27] So yeah, all good. Last permits.
[00:12:33] 2021. Full remodel. Beautiful. Here's the permits for the location. Tons of them. Flooding potential, not a flood risk. This is pretty high up over this creek area.
[00:12:51] Not showing a lot from flood risk climate. Now this is what gets you, Hey, I wanna save taxes living. South Dakota, this is one of the worst weather scores I've seen quite some time.
[00:13:09] John Siegman: But just outta curiosity, is it any, is it dramatically worse than Minnesota?
[00:13:15] Bob Frady: Oh, heck yeah. Heck yeah. Yeah, much more open planes.
[00:13:21] they get it worse over there. Well, listen, you still get it too, but they get it worse. No volcanoes, which is great. Low crime, which is great. No sex offenders. No sex offenders, which is great.
[00:13:42] John Siegman: No public transit. You're not walking anywhere. Yeah. Yeah, you're good. Disaster resilience. Their city knows what to do when it happens. It's very quiet. We look at the points of interest. Look at that. You can fly into that one little county airport.
[00:13:58] Bob Frady: Yep. It's close to the university. There's all sorts of fun stuff there.
[00:14:02] School's not too far away, less than a mile away from the elementary school. Toxic exposure, mold and right on. Get it tested, contaminated sites nearby, primarily, I'm guessing underground storage tanks. Natural gas pipeline is the closest thing. yes. Underground storage tanks. You're more than a thousand feet away, so you're fine.
[00:14:23] Good fire, good medical law enforcement, eh, it is kind of out there a little bit, so you know you'll be waiting a few minutes for the police to call. Estimated electricity costs are mild, can be offset by solar if you wanna do that, but it does have, because of the hail, it does have a high insurance premium.
[00:14:53] If you wanna get a quote, there are people who will write it and then you get the property timeline. So John, yes. Let's say that you were looking at 6208 South Landau Circle in Sioux Falls, South Dakota. What would be your top three things that you'd be looking at?
[00:15:16] John Siegman: There really isn't a whole lot. So, but the first thing I would be looking at, when they re-roofed it, did they use fortified shingles and does it have a transferable warranty?
[00:15:27] The second concern is, South Dakota. So I'd be living there alone. yeah, you'll be both. Yeah. So, I don't know what their Tinder profile activity looks like there, but, probably have to find something with good personality. The, I would, it's out there. So, you wanna make sure that you're able to handle at least the basics as far as things that come up.
[00:16:03] Just a self-check, Hey, can I do this? I'm gonna like really come up with two things and my biggest one is hail. I mean, yes, it's got wind and so you wanna check the siding and all the rest of that stuff. It's got radon, so there should be a mitigation system, with the basement.
[00:16:23] If it has a basement, I'm pretty sure it does. All in all, it's a one owner house. It. It's gone through a major redo. It wasn't designed to be a flip, so it's not like they, just painted it and made it look pretty. and you have to be concerned about everything there. So really, honestly, from a concern standpoint, it's almost dedicated to the environment.
[00:16:56] Where it's at more than the structure itself, which is pretty unusual. 'cause usually it's okay, what about this? What about this? What about this? This house doesn't have any of those.
[00:17:08] Bob Frady: Yep. Yep. So if I were looking at 6208 South Landau Circle in Sioux Falls, South Dakota, I would think a few things.
[00:17:18] Number one, one of the highest scores we've seen for a house. The house itself is spectacular. I toured this house and it's beautiful, so it's the kind of house you could fall in love with right away. The score just goes, go ahead, fall in love, do your thing. Do it. But the three concerns I would have, number one is radon.
[00:17:40] I'm a little paranoid about radon, because they do have a elevated radon risk there. Get the test, it's not expensive. and put in a mitigation system if you need be. The second is the roof. the roof's gonna get torn up at some point. Way into does it have a transferrable warranty and what's it made of?
[00:18:01] And then the third, I would look for signs of mold. Look in the bathrooms, look in the laundry rooms. Any place there's water is their sign of mold. So, and then the fourth thing is, because of all the weather related concerns, I'd make sure I didn't spend all of my money in buying this house. I'd have a little reserve to fix a roof problem or to fix a plumbing problem or to fix some sort of a broken window from a storm because you're gonna get beaten up by Mother Nature.
[00:18:33] This location. It's true for many houses in this area, so it's not a surprise if you live in this area, but if you're, especially if you're relocating to this area, you gotta be prepared. Mother Nature's gonna come put a whooping on this area at some point, with one of the many, many things that can come from the sky.
[00:18:54] But overall, this house is awesome. It, is it worth the money? You gotta find that out for looking at comps and all that stuff. But good golly, it was beautiful. So I would go in feeling super confident that my love for this house is justified. It's backed up by the numbers.
[00:19:14] John Siegman: So your only concern is the mother nature beat down.
[00:19:17] Bob Frady: Is the mother nature beat down? And how well are you prepared for that? And how can you handle it? some people can't, they hear a tornado siren go off and they're like, what the heck is that? Whereas people in the Midwest are like, it's Wednesday at one o'clock, so what are you talking about?
[00:19:34] So yeah, that's our assessment on 6208 South Landau Circle featuring the new PropertyLens score for property score and Safe Place score, making it easy for you to understand exactly what you're getting yourself into. Any parting words there, John? Here's all the data that you can't get anywhere else.
[00:19:57] Exactly. We love weather data because you know what? It makes a difference. It makes a big difference. So for this week's edition of Property of the Week, I'm Bob Frady. I'm John Sigmund. Until next time. Oh yeah. Hit the subscribe button. It makes us feel better about ourselves. Until next time.
Pocket listings feel exclusive but the hidden risks don’t hide from PropertyLens.
Resources
Realtor.com
Try it:Propertylens.com
Questions Contact us: support@propertylens.com
Transcript
[00:00:00] Bob Frady: Ladies and gentlemen, boys and Girls, ships at Sea. It is tithe for another episode of Property of the Week from PropertyLens. For those of you who don't know, or if it's your first time here, I'm Bob Frady, the CEO and Co-founder of PropertyLens. And with me as always is
[00:00:24] John Siegman: John Siegman, president, co-founder of PropertyLens.
[00:00:28] Bob Frady: So John. I had a little trip to South Dakota, south Dakota's, a tax free state,
[00:00:36] John Siegman: Income tax free state
[00:00:39] Bob Frady: Income tax free state. And one of my friends who shall remain nameless wanted to go look at potential, do tax charges, I mean, real estate investments in South Dakota. So we did.
[00:00:52] John Siegman: He has to live there for at least a year before any major event.
[00:00:55] Right.
[00:00:56] Bob Frady: I listen, I'm outta that party equation. It's whatever, whatever. But we did see some houses and I saw a pretty nice house. I actually toured this house myself and I thought, well let's run a PropertyLens, report through it and see what happens. So if you don't mind, I'm gonna call up.
[00:01:19] Let's do it. Up. A beautiful address in South Dakota. So let me share my screen. And we will share this screen right here. And here's the address that we're gonna look at. 6208 South Landau Circle in Sioux Falls, South Dakota. Single family house, four bedrooms, five baths. Interesting thing about this house is it's not on the market.
[00:01:44] This was what you love to call a pocket listing in real estate World Pocket listing. All right, pocket listing. So what's the first thing you see on here, John? I
[00:01:53] John Siegman: see our brand new Property Score and Safe Place score.
[00:01:56] Bob Frady: Ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding, ding.
[00:02:00] John Siegman: From a structure standpoint, it's an A, from a safe place standpoint, it's a C.
[00:02:05] Bob Frady: We've had a lot of folks come to us and say, listen, we love what you're doing with the simplification and the summary, but I just want something simple I can look at to tell me if this is a good place or if this is not such a hot place. So we developed two different scores. One is for the structure itself, and the second is for all the stuff surrounding the structure.
[00:02:26] So the property score looks at five different variables, looks at the systems finance in terms of how fast taxes are increasing, looks at whether there's permits, looks at the details of the property, looks at the market, and looks at the repair ratio, which is. How much should you expect to spend on repairs versus how much does a house actually cost, where a lower ratio like a golf score is better?
[00:02:49] All very specific to the property itself. On the Safe Place score, we look at environmental hazards. We look at pollution. We look at the neighborhood, we look at flood risk. We look at fire risk. So all those together make up the Safe Place score. And as we could see, this is one of the highest scoring properties that we've seen so far.
[00:03:10] John Siegman: So far. And look at all that information you can't find on Zillow.
[00:03:14] Bob Frady: You're walking in pre-listing. So there's a lot of stuff that would be potentially listed in a disclosure that you're not gonna see. But walking in, you can now know stuff. About that property before it's even on the market. Now you get a little bit better if it's on the market.
[00:03:32] 'Cause the description gives you a lot of information. Excuse me. But you can know walking in the door, Hey, this is a pretty cherry house in a somewhat questionable area. Here's the big red flag. 15 possible damaging events. You know why John?
[00:03:46] John Siegman: Because South Dakota and they have hail.
[00:03:49] Bob Frady: Ding, ding, ding, ding, ding, ding, ding
[00:03:52] John Siegman: And winds.
[00:03:53] But mostly hail.
[00:03:54] Bob Frady: South Dakota has a terrible case of the winds and which you'll know if you drive around there, you see a lot of windmills. It's got building permits. It's not a flood zone. the roof's in good condition. It's not flipped. It doesn't require a lot of major renovations. The repair cost estimated to be $4,000 over the next two years because you know what?
[00:04:13] This house is in nice condition. 6% tax increase per year over the last six years is kind of in the middle, and that's 7.8% insurance increase per year over the last six years. Also, kind of in the middle, and I can tell you this is a great house, is a great, is a Bob Brady house almost. But not enough to move to South Dakota.
[00:04:33] John Siegman: So on the highlights, not gonna get flooded. Good fire protection, low crime rate. You can put some solar panels on the roof, all protect it from hail and roof is in good shape on the downside. Property size discrepancy mostly because the, initial size is like zero, so there's some goofy thing going on.
[00:04:55] There could be just from. the county assessor itself, but it is something you wanna look into. Let's see, wind and hail we already discussed. if you don't know this, it also gets cold in South Dakota. And also with those winds comes a little bit of tornado risk. They didn't write. Along with the wind there or Wizard of Oz, but, both could easily have been done right there.
[00:05:20] Bob Frady: Yes. And this house has been renovated, so I think that's probably part of the size discrepancy, something you should ask about. But there are permits associated with this house, so there's some good stuff as well. When we look at the location benefits and features, it's low crime fire station right down the street.
[00:05:40] Good soil. Spacious garage, beautiful pool, recent remodel, and the roof's in great condition. Shockingly low repair costs, but a high relative insurance premium because of the risk. So when it comes down to the summary of what you should ask, these are questions I didn't have. 'cause I didn't run the PropertyLens report until after I visited, so I didn't walk in.
[00:06:02] Knowing what to ask, but I did ask most of these questions anyway. Have you had hail damage here? The answer is yes. That's why there's a relatively new roof. How's the pool doing? And the maintenance history, weather risks are the key things, that you're looking for here. But there's also a high level of mold and read on for this location.
[00:06:21] There's some questions that you should be asking. When you walk in, okay, so here's the expected repairs. Everything's relatively new. You're not gonna spend a lot of money on maintenance on this house.
[00:06:30] John Siegman: All good.
[00:06:31] Bob Frady: What do we see as some of the key findings in the downside?
[00:06:33] John Siegman: The house's fault, but it's South Dakota's fault, so you know all the things associated with it.
[00:06:40] Lightning, tornadoes, cold wind, hail. Here's all the questions you should ask. All the details you wanna know. Toxic exposure. You got radon, you got a basement, you gotta have to have a mitigation system. You got mold because this probably gets humid there and there's probably some water around. And then, if you're on a, well, you gotta be concerned about arsenic.
[00:07:08] If you're not on a well, then you don't necessarily have to worry about it, but it is in the ground. It will seep into the water, all sorts of stuff from that standpoint.
[00:07:17] Bob Frady: So I did ask the realtor. I said, is there a radon issue here? And her answer was, I don't know. Which is fine. That's a perfectly fine answer.
[00:07:28] It's a question that you should get an answer to, but most real estate agents aren't gonna know this. And 'cause most real estate agents are not weather experts. And despite what you know, everybody complains about, this is the kind of stuff that you need. You got some soil issues here because of frost teething.
[00:07:47] 'Cause it gets cold. So you wanna check the foundation. You wanna make sure that you want to ask about any pooling. It's got a little water hardness. Do they have a water softening system, for that particular house, and all sorts of questions you can ask on more detail. Got a pool that's a little bit higher risk, but haven't seen any significant damaging events in the roof's in great condition.
[00:08:12] So these are all great. Insurance is high, with a replacement cost of 1.5 million $312 a square foot, which is pretty cheap, but still not insignificant.
[00:08:23] John Siegman: Probably is a pretty big roof.
[00:08:25] Bob Frady: Yeah. So here's the deal is, this house was last listed in 2005 at $109,000. It's 'cause it was a piece of dirt.
[00:08:34] Then they built this beautiful house on top of it where the market value is somewhere around 1.4 and that's probably super low for, for what that property could actually fetch. Because, as I've learned the hard way, comps stink. We'll publish a post about this at some point, but how people come up with market values for houses is, I swear they could do a better job with an abacus than three little kids.
[00:08:59] It's crazy because it's all based upon. Momentum in your neighborhood. if there's a lot of houses that are selling in your neighborhood, then you're going to get an assessment that's probably a bit more accurate than if they're not. I'll tell you a story. This house, we had a, an appraisal done and it came in less than we paid for it.
[00:09:19] you know how much money we put into this house? It's less than we paid for it. And they're like, well, they just aren't any houses selling in your neighborhood. that's because everybody holds onto them. And then. Everybody holds onto their houses, and you can't get appraisals because nobody sells their houses.
[00:09:34] It's like, how stupid is this? it's every single, AVM (Automated Valuation Model) came in higher than the actual appraisal, and they sent someone out here. It was a complete and total waste of money. You could have done it in five minutes with a digital report, but that's my rant about appraisals.
[00:09:57] But you gotta be careful when you're buying a house, especially like this, if the comps around it don't support it. Yikes. It gets into a lot of, problematic stuff. It's in Sioux Falls, South Dakota, more than a hundred miles from the coast. the last one, older 2005, property tax history. You can tell when the building went up, it went up in 2019 because that's when the, the property, improvement values took off.
[00:10:27] Damaging events. Here we go.
[00:10:32] John Siegman: Wind, wind, wind, hail, wind, wind, wind. It's all stuff.
[00:10:44] Bob Frady: It was a beautiful roof.
[00:10:47] John Siegman: I bet that roof that was on that house went on in, the summer of 2022.
[00:10:53] Bob Frady: Thereabouts. So here's the, let's see if we have a old timey picture. What was there in 2018?
[00:11:02] Yep. There you go. Took them a couple of years to catch up to the actual, modifications of the house.
[00:11:13] Yep. Nice place. That pool in the backyard is nice too. So roof condition replaced approximately four years ago. but it's expensive. it's a big roof, lot of shingles. Current condition looks great. All the information you ever wanna know about the roof. Okay, so what do we see here in potential threats and structural integrity there?
[00:11:45] John.
[00:11:45] John Siegman: Got some frost heave. it's cold. Guess what happens to the dirt when it gets cold, expands, moves a little bit, and then you got water hardness. Put a water softer on, takes care of that. Everything else is good.
[00:12:02] Bob Frady: If we look at the soil. It's soft, rich in dark soils. Listen, South Dakota grows a lot of stuff.
[00:12:09] Not for a whole year, but it grows a lot of stuff 'cause it's great soil. Five feet down at the water table, limited access for septic tank. There is an area that's like a catchment area at the southern end of this property and it's got a limited basement. It's down a little bit, but not way, way down.
[00:12:27] So yeah, all good. Last permits.
[00:12:33] 2021. Full remodel. Beautiful. Here's the permits for the location. Tons of them. Flooding potential, not a flood risk. This is pretty high up over this creek area.
[00:12:51] Not showing a lot from flood risk climate. Now this is what gets you, Hey, I wanna save taxes living. South Dakota, this is one of the worst weather scores I've seen quite some time.
[00:13:09] John Siegman: But just outta curiosity, is it any, is it dramatically worse than Minnesota?
[00:13:15] Bob Frady: Oh, heck yeah. Heck yeah. Yeah, much more open planes.
[00:13:21] they get it worse over there. Well, listen, you still get it too, but they get it worse. No volcanoes, which is great. Low crime, which is great. No sex offenders. No sex offenders, which is great.
[00:13:42] John Siegman: No public transit. You're not walking anywhere. Yeah. Yeah, you're good. Disaster resilience. Their city knows what to do when it happens. It's very quiet. We look at the points of interest. Look at that. You can fly into that one little county airport.
[00:13:58] Bob Frady: Yep. It's close to the university. There's all sorts of fun stuff there.
[00:14:02] School's not too far away, less than a mile away from the elementary school. Toxic exposure, mold and right on. Get it tested, contaminated sites nearby, primarily, I'm guessing underground storage tanks. Natural gas pipeline is the closest thing. yes. Underground storage tanks. You're more than a thousand feet away, so you're fine.
[00:14:23] Good fire, good medical law enforcement, eh, it is kind of out there a little bit, so you know you'll be waiting a few minutes for the police to call. Estimated electricity costs are mild, can be offset by solar if you wanna do that, but it does have, because of the hail, it does have a high insurance premium.
[00:14:53] If you wanna get a quote, there are people who will write it and then you get the property timeline. So John, yes. Let's say that you were looking at 6208 South Landau Circle in Sioux Falls, South Dakota. What would be your top three things that you'd be looking at?
[00:15:16] John Siegman: There really isn't a whole lot. So, but the first thing I would be looking at, when they re-roofed it, did they use fortified shingles and does it have a transferable warranty?
[00:15:27] The second concern is, South Dakota. So I'd be living there alone. yeah, you'll be both. Yeah. So, I don't know what their Tinder profile activity looks like there, but, probably have to find something with good personality. The, I would, it's out there. So, you wanna make sure that you're able to handle at least the basics as far as things that come up.
[00:16:03] Just a self-check, Hey, can I do this? I'm gonna like really come up with two things and my biggest one is hail. I mean, yes, it's got wind and so you wanna check the siding and all the rest of that stuff. It's got radon, so there should be a mitigation system, with the basement.
[00:16:23] If it has a basement, I'm pretty sure it does. All in all, it's a one owner house. It. It's gone through a major redo. It wasn't designed to be a flip, so it's not like they, just painted it and made it look pretty. and you have to be concerned about everything there. So really, honestly, from a concern standpoint, it's almost dedicated to the environment.
[00:16:56] Where it's at more than the structure itself, which is pretty unusual. 'cause usually it's okay, what about this? What about this? What about this? This house doesn't have any of those.
[00:17:08] Bob Frady: Yep. Yep. So if I were looking at 6208 South Landau Circle in Sioux Falls, South Dakota, I would think a few things.
[00:17:18] Number one, one of the highest scores we've seen for a house. The house itself is spectacular. I toured this house and it's beautiful, so it's the kind of house you could fall in love with right away. The score just goes, go ahead, fall in love, do your thing. Do it. But the three concerns I would have, number one is radon.
[00:17:40] I'm a little paranoid about radon, because they do have a elevated radon risk there. Get the test, it's not expensive. and put in a mitigation system if you need be. The second is the roof. the roof's gonna get torn up at some point. Way into does it have a transferrable warranty and what's it made of?
[00:18:01] And then the third, I would look for signs of mold. Look in the bathrooms, look in the laundry rooms. Any place there's water is their sign of mold. So, and then the fourth thing is, because of all the weather related concerns, I'd make sure I didn't spend all of my money in buying this house. I'd have a little reserve to fix a roof problem or to fix a plumbing problem or to fix some sort of a broken window from a storm because you're gonna get beaten up by Mother Nature.
[00:18:33] This location. It's true for many houses in this area, so it's not a surprise if you live in this area, but if you're, especially if you're relocating to this area, you gotta be prepared. Mother Nature's gonna come put a whooping on this area at some point, with one of the many, many things that can come from the sky.
[00:18:54] But overall, this house is awesome. It, is it worth the money? You gotta find that out for looking at comps and all that stuff. But good golly, it was beautiful. So I would go in feeling super confident that my love for this house is justified. It's backed up by the numbers.
[00:19:14] John Siegman: So your only concern is the mother nature beat down.
[00:19:17] Bob Frady: Is the mother nature beat down? And how well are you prepared for that? And how can you handle it? some people can't, they hear a tornado siren go off and they're like, what the heck is that? Whereas people in the Midwest are like, it's Wednesday at one o'clock, so what are you talking about?
[00:19:34] So yeah, that's our assessment on 6208 South Landau Circle featuring the new PropertyLens score for property score and Safe Place score, making it easy for you to understand exactly what you're getting yourself into. Any parting words there, John? Here's all the data that you can't get anywhere else.
[00:19:57] Exactly. We love weather data because you know what? It makes a difference. It makes a big difference. So for this week's edition of Property of the Week, I'm Bob Frady. I'm John Sigmund. Until next time. Oh yeah. Hit the subscribe button. It makes us feel better about ourselves. Until next time.
