NOT LISTED FOR SALE

1031 W Main St Lake Geneva, WI 53147

Estimated Value: $2,603,373

-- Bed
-- Bath
11,525 Sq Ft
$226/Sq Ft Est. Value

Highlights

  • Water Views
  • Enclosed Parking
  • 3-minute walk to Library Park
  • Access To Lake
  • Hot Water Heating System

About This Home

12-unit apartment complex across the street from Geneva Lake with exceptional views from most units, located right downtown in Lake Geneva. An opportunity like this does not come around very often! The current owner has owned the property for the past 34 years. There are four 2BR/1BA units and eight 1BR/1BA units. It's a solid brick and stone building that has been very well maintained throughout the years.

Last Agent to Sell the Property

Mark Larkin

Berkshire Hathaway Starck Real Estate License #56548-90 Listed on: 06/02/2022

Last Buyer's Agent

Adam Law

RE/MAX Plaza License #76660-94

RE/MAX Plaza

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $15,696

Year Built

  • Built in 1970

Lot Details

  • 0.47

Home Design

  • Brick Exterior Construction
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 11,525 Sq Ft Home
  • Multi-Level Property
  • Water Views

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement

Parking

  • Enclosed Parking
  • Outside Parking

Schools

  • Badger High School

Additional Features

  • Access To Lake
  • 0.47 Acre Lot
  • Hot Water Heating System

Community Details

  • 12 Units
  • Maple Park Subdivision

Listing and Financial Details

  • Exclusions: Tenants' personal property

Property Details

Home Type

Apartment

Est. Annual Taxes

$15,696

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: Ovens, refrigerators, dishwashers
  • Directions: Take Main St west to property.
  • New Construction: No
  • Year Built: 1970
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 1031 W Main St
  • Lot Acreage: 0.47
  • Municipality Type: City
  • Property Water Features: Lake, View of Water
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Seller Owned: Dryer, Seller Owned: Washer
  • Has Basement: Block, Full, Laundry Facilities
  • Interior Amenities: Water Softener
  • Second Floor Total Sq Ft: 11525.00

Exterior Features

  • Exclusions: Tenants' personal property
  • Exterior Building Type: Apartment Building
  • Exterior: Brick/Stone, Brick, Partial-Vinyl, Stone

Garage/Parking

  • Garage/Parking: Outdoor Space, Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • School District: Lake Geneva-Genoa City Uhs
  • High School: Badger
  • High School: Badger
  • Junior High Dist: Lake Geneva-Genoa City Uhs

Lot Info

  • Zoning: COM
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2021
  • Total Taxes: 15696.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2022
Closed on
Aug 24, 2022
Sold by
Linnhill Development Company
Bought by
1031 W Main St Llc
Seller's Agent
Mark Larkin
Berkshire Hathaway Starck Real Estate
Buyer's Agent
Adam Law
RE/MAX Plaza
List Price
$2,395,000
Sold Price
$2,200,000
Premium/Discount to List
-$195,000
-8.14%
Total Days on Market
82
Views
24
Current Estimated Value
$2,603,373

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,373
Avg. Annual Appreciation
6.24%
Original Mortgage
$1,260,000
Outstanding Balance
$1,214,253
Interest Rate
5.51%
Mortgage Type
New Conventional
Estimated Equity
$1,389,120
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1031 W Main St Llc $2,200,000 Rudolph William J
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1031 W Main St Llc $1,260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2022 09/06/22 Off Market $2,395,000 -- --
06/02/2022 06/02/22 For Sale $2,395,000 -- $208 / Sq Ft
Source: Metro MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $25,516 $1,931,000 $671,000 $1,260,000
2023 $24,676 $1,931,000 $671,000 $1,260,000
2022 $15,855 $933,700 $244,600 $689,100
2021 $15,697 $933,700 $244,600 $689,100
2020 $16,053 $933,700 $244,600 $689,100
2019 $16,299 $849,100 $244,600 $604,500
2018 $16,715 $849,100 $244,600 $604,500
2017 $17,580 $849,100 $244,600 $604,500
2016 $17,989 $849,100 $244,600 $604,500
2015 $18,918 $849,100 $244,600 $604,500
2014 $18,399 $849,100 $244,600 $604,500
2013 $18,399 $849,100 $244,600 $604,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mark Larkin

    Berkshire Hathaway Starck Real Estate

  • Adam Law

    Buyer's Agent in 2022

    Adam Law

    RE/MAX

    (262) 745-6564

    21 in this area

    57 Total Sales

    Adam Law
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Map

Source: Metro MLS

MLS Number: 1795580

Metro MLS

APN: ZOP00229

Wisconsin Walworth County Lake Geneva 53147

1031 W Main St, Lake Geneva, WI

This home is located at 1031 W Main St, Lake Geneva, WI 53147 since 02 June 2022 and is currently estimated at $2,603,373, approximately $225 per square foot. This property was built in 1970. 1031 W Main St is a home located in Walworth County with nearby schools including Badger High School, St. Francis de Sales School, and First Lutheran School.

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