NOT LISTED FOR SALE

1040 2nd St Unit 1-9 Chetek, WI 54728

-- Bed
-- Bath
5,872 Sq Ft
7,884 Sq Ft Lot

Last Sold May 28, 2021

Last sale price $595,000 $101 Per Sq Ft

8 Days on Market

Highlights

  • Lake Front
  • Deck
  • Baseboard Heating

About This Home

As of May 2021

9 Unit apartment on Lake Chetek. 6 lakefront units 4 with large decks over looking the lake! 6 of 9 units fully remodeled! Well maintained property currently 100 % occupied (see proforma)Includes 3 docks with new decks and an additional lot (separate PID) across the street zoned G2 (Currently used for additional parking) Newer steel roof (2016), recently installed concrete patio sidewalk & stairs (2018). Newer large decks (2017) Strong cash flow!!

Last Listed By

John Stainbrook

JRS Real Estate Partners LLC License #58688-90 Listed on: 04/19/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,759

Year Built

  • Built in 1974

Lot Details

  • 7,884

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 5,872 Sq Ft Home
  • Lake Views
  • Basement Fills Entire Space Under The House

Utilities

  • No Cooling
  • Baseboard Heating

Additional Features

  • Deck
  • Lake Front

Listing and Financial Details

  • Assessor Parcel Number 211-1309-18-000

Community Details

Overview

  • 9 Units

Building Details

  • Electric Expense $1,200
  • Fuel Expense $450
  • Insurance Expense $2,000
  • Maintenance Expense $2,300
  • Trash Expense $1,150
  • Water Sewer Expense $2,300

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,759

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Directions: Hwy 53 North to Chetek exit go East ( right ) to property on the right.
  • Lot Size: 138 x 50 x 132 x 66
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Year Built: 1974
  • Lot Size Acres: 0.181
  • View Type:Pond View: Lake
  • Water Body Name: Chetek
  • Co List Office Phone: 612-221-4424
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 5872.0
  • Living Area: 5872.0
  • Property Sub Type Additional: Apartment
  • Above Grade Unfinished Sq Ft: 5872.0
  • Special Features: None

Interior Features

  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Foundation Details: Block, Other, See Remarks
  • Waterfront: Yes
  • View: Yes
  • Waterfront Features: Lake
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Asphalt, Driveway, Other, See Remarks

Utilities

  • Cooling: None
  • Electric: Circuit Breakers
  • Heating: Baseboard
  • Sewer: Public Sewer
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Fee Information

  • Annual Fuel Expense: 450.0
  • Trash Expense: 1150.0
  • Annual Water Sewer Expense: 2300.0

Schools

  • Junior High Dist: Chetek-Weyerhaeuser

Lot Info

  • ResoLotSizeUnits: Acres
  • Additional Parcels Description: 211-1604-44-000
  • Parcel Number: 211-1309-18-000
  • Zoning Description: Residential-Multifamily
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6759.0

Multi Family

  • Number Of Units Total: 9
  • Electric Expense: 1200.0
  • Insurance Expense: 2000.0
  • Maintenance Expense: 2300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
May 27, 2021
Sold by
Chetek Properties Llc A Wisconsin Limited Lia
Bought by
Jlo Homes I Llc A Wisconsin Limited Liability
Seller's Agent
John Stainbrook
JRS Real Estate Partners LLC
Buyer's Agent
John Stainbrook
JRS Real Estate Partners LLC
List Price
$574,000
Sold Price
$595,000
Premium/Discount to List
$21,000
3.66%
Total Days on Market
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
2.95%

Purchase Details

Listed on
Mar 31, 2017
Closed on
May 23, 2017
Sold by
Loew Clyde A
Bought by
Chetek Properties Llc
Seller's Agent
David Strassman
Riverbend Realty Group, LLC
Buyer's Agent
David Strassman
Riverbend Realty Group, LLC
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.02%

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Jlo Homes I Llc A Wisconsin Limited Liability $595,000 --
Jlo Homes I Llc A Wisconsin Limited Liability $595,000 --
Chetek Properties Llc $340,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jlo Homes I Llc A Wisconsin Limited Liability --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $595,000 +3.7% $101 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $574,000 +68.8% $98 / Sq Ft
05/30/2017 05/30/17 Sold $340,000 -2.9% $58 / Sq Ft
04/30/2017 04/30/17 Pending -- -- --
03/31/2017 03/31/17 For Sale $350,000 -- $60 / Sq Ft
Source: Northwestern Wisconsin Multiple Listing Service

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 $10,815 $587,700 $117,400 $470,300
2023 $9,762 $587,700 $117,400 $470,300
2022 $10,033 $587,700 $117,400 $470,300
2021 $6,524 $286,400 $100,600 $185,800
2020 $6,788 $286,400 $100,600 $185,800
2019 $7,005 $286,400 $100,600 $185,800
2018 $7,360 $286,400 $100,600 $185,800
2017 $7,050 $286,400 $100,600 $185,800
2016 $6,936 $286,400 $100,600 $185,800
2015 $6,664 $286,400 $100,600 $185,800
2014 $6,952 $286,400 $100,600 $185,800
2013 $6,920 $286,400 $100,600 $185,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Northwestern Wisconsin Multiple Listing Service

MLS Number: 1552263

Northwestern Wisconsin Multiple Listing Service

APN: 211-1309-18-000