NOT LISTED FOR SALE

1045 Terrace Dr Elm Grove, WI 53122

Estimated Value: $662,000 - $740,000

4 Beds
2.5 Baths
2,526 Sq Ft
$279/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $635,000 $251 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $4,486/month

5 Days on Market

Highlights

  • 2.5 Car Attached Garage
  • Walk-In Closet
  • Patio
  • Tonawanda Elementary School Rated A+
  • Bathtub with Shower
  • Forced Air Heating and Cooling System

About This Home

As of May 2024

Welcome to Terrace Drive in Elm Grove! This picture-perfect, very well-maintained, four-bedroom, 2.5-bath home is ready for its next owners. Updates include new flooring, a freshly painted living room, a metal roof, a full-house generator, and newer windows. The first-floor layout makes for easy entertaining, which extends out onto a large patio that boasts an outdoor fireplace and water feature. The beautiful backyard is an oasis of perennials and a fenced-in area with raised beds. Being included in the Elmbrook Award-winning school district makes this location a must see.

Last Agent to Sell the Property

Corey Double Boldt

Keller Williams-MNS Wauwatosa License #78906-94 Listed on: 03/21/2024

Keller Williams-MNS Wauwatosa

Last Buyer's Agent

Karla Florance

Keller Williams-MNS Wauwatosa License #81794-94

Keller Williams-MNS Wauwatosa

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,588

Year Built

  • Built in 1977

Lot Details

  • 0.41

HOA Fees

  • $86 Monthly HOA Fees

Parking

  • 2.5 Car Attached Garage
  • Garage Door Opener

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,526 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Schools

  • Tonawanda Elementary School
  • Pilgrim Park Middle School
  • Brookfield East High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Shared Well

Additional Features

  • Patio
  • 0.41 Acre Lot

Community Details

  • Squires Grove Subdivision

Listing and Financial Details

  • Exclusions: Staging Furniture and Seller's Personal Property, Specific Perennial Plants as described.

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,588

Year Built

Built in 1977

Lot Details

0

HOA Fees

$86 per month

Parking

2

Listing Details

  • Prop. Type: Single-Family
  • Inclusions: Refrigerator, Stove, Dishwasher, Washer, Dryer, Garbage Disposal, Shelving in Basement, Garage Door Opener, Window Treatments, Hallway Mirror, Barstools, Generator, Cold Frame Greenhouse
  • Directions: Watertown Plank to Terrace Dr, north on Terrace to home.
  • New Construction: No
  • Year Built: 1977
  • Cleared Acreage: Less than 1/2
  • Architecture: Colonial
  • Full Street Address: 1045 Terrace DRIVE
  • Type 5 Heat Fuel: Natural Gas
  • HOAFeeYearly: 1032.0
  • Kitchen Level: Main
  • Lot Acreage: 0.41
  • Municipality Type: Village
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer
  • Has Basement: Full
  • Interior Amenities: Water Softener, Walk-in closet(s)
  • Bathroom Description: Tub Only, Ceramic Tile, Shower Over Tub, Shower Stall
  • Room Bedroom2 Level: Upper
  • Bedroom 3 Level: Upper
  • Bedroom 4 Level: Upper
  • Dining Room Dining Room Level: Main
  • Family Room Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Upper
  • Master Bedroom Master Bedroom Width: 12
  • Second Floor Total Sq Ft: 2526.00

Exterior Features

  • Exclusions: Staging Furniture and Seller's Personal Property, Specific Perennial Plants as described.
  • Exterior Features: Patio
  • Exterior Building Type: 2 Story
  • Exterior: Aluminum/Steel, Aluminum, Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: Opener Included, Attached, 2 Car
  • Garage Spaces: 2.5

Utilities

  • Water Waste: Municipal Shared Well, Shared Well, Municipal Sewer

Condo/Co-op/Association

  • HOA Fee Frequency: Unknown

Schools

  • School District: Elmbrook
  • Elementary School: Tonawanda
  • Middle School: Pilgrim Park
  • High School: Brookfield East
  • Elementary School: Tonawanda
  • High School: Brookfield East
  • Junior High Dist: Elmbrook

Lot Info

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

Tax Info

  • Tax Year: 2022
  • Total Taxes: 6588.0

MLS Schools

  • Middle School: Pilgrim Park

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
May 17, 2024
Sold by
Fauber John A and Lanke Luann E
Bought by
Relich Ryan J and Relich Brooke E
Seller's Agent
Corey Double Boldt
Keller Williams-MNS Wauwatosa
Buyer's Agent
Karla Florance
Keller Williams-MNS Wauwatosa
List Price
$625,000
Sold Price
$635,000
Premium/Discount to List
$10,000
1.6%
Views
18
Current Estimated Value
$704,082

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,082
Avg. Annual Appreciation
7.77%
Original Mortgage
$508,000
Outstanding Balance
$500,795
Interest Rate
6.82%
Mortgage Type
New Conventional
Estimated Equity
$203,287

Purchase Details

Closed on
Apr 7, 2011
Sold by
Clark Debra L
Bought by
Fauber John A and Lanke Luann E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,900
Interest Rate
4.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2007
Sold by
Clark Debra L
Bought by
Debra L Clark Revocable Trust
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
Relich Ryan J $635,000 Focus Title
Fauber John A $368,900 None Available
Debra L Clark Revocable Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Relich Ryan J $508,000
Previous Owner Fauber John A $168,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2024 05/20/24 Sold $635,000 +1.6% $251 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $625,000 0.0% $247 / Sq Ft
03/29/2024 03/29/24 Price Changed $625,000 -- $247 / 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 $7,839 $591,700 $135,900 $455,800
2023 $7,353 $509,200 $135,000 $374,200
2022 $7,716 $509,200 $135,000 $374,200
2021 $7,690 $449,500 $135,000 $314,500
2020 $7,967 $449,500 $135,000 $314,500
2019 $7,827 $422,000 $140,400 $281,600
2018 $7,433 $422,000 $140,400 $281,600
2017 $7,883 $418,000 $153,000 $265,000
2016 $7,821 $418,000 $153,000 $265,000
2015 $7,775 $418,000 $153,000 $265,000
2014 $6,562 $393,200 $165,300 $227,900
2013 $6,562 $353,900 $162,000 $191,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1869320

Metro MLS

APN: EGV-1110-162