NOT LISTED FOR SALE

110 S State St Merrill, WI 54452

Merrill Area

Estimated Value: $458,167

12 Beds
8 Baths
5,352 Sq Ft
$86/Sq Ft Est. Value

Sale Details

Date Sold: June 17, 2024

Last sale price $400,000 $75 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,157 / mo

211 Days on Market

Highlights

  • 0.85 Acre Lot
  • Porch
  • Utility Room
  • 8 Car Detached Garage
  • Hot Water Heating System
  • Coin Laundry

About This Home

As of June 2024

Attention investors, looking to grow your portfolio - this 8-plex offers 6,576 sq ft with (4) 1-bedroom units, (4) 2-bedroom units (square footages per unit are approximate), a detached 8-car garage with paved parking / gravel lot (2 parking spots per unit - 1 garage spot & 1 exterior spot), seated on a large 0.85 acre lot. Potential opportunity to add more units in the unfinished attic area - huge unfinished space - opportunity to add equity. Great location near downtown Merrill, close to interstate access, and along the paved walking trail along the Wisconsin River. Gross rents are just shy of $5k per month / approx. $59k annually. All units include a refrigerator & range. Some units have been updated with fresh paint / vinyl plank flooring, others offer the opportunity to modernize & yield higher rents. Tenants pay for electricity (separate meters). Clean, walk-out basement with common coin-operated laundry. Roof shingles (approx. 2017). Interior unit photos available in associated documents. Call for more information!

Last Agent to Sell the Property

Holly Hettinga

COLDWELL BANKER ACTION License #81433-94 Listed on: 08/15/2023

COLDWELL BANKER ACTION

Last Buyer's Agent

Holly Hettinga

COLDWELL BANKER ACTION License #81433-94 Listed on: 08/15/2023

COLDWELL BANKER ACTION

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1895

Lot Details

  • 0.85

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2-Story Property
  • Utility Room
  • Range

Basement

  • Walk-Out Basement
  • Laundry in Basement

Parking

  • 8 Car Detached Garage
  • Parking Garage Space
  • Off-Street Parking

Utilities

  • Hot Water Heating System
  • Separate Meters
  • Master Meter
  • Natural Gas Water Heater

Additional Features

  • Porch
  • 37,026 Sq Ft Lot

Community Details

  • 8 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 251-3106-142-0010

Property Details

Home Type

Multi-Family

Year Built

Built in 1895

Lot Details

0.85 Acres

Listing Details

  • Class: Multi-Family
  • Municipality: Merrill, City of
  • Style: 2 Story
  • Type: Eightplex
  • Year Built: 1895
  • Construction: Vinyl
  • Geo Subdivision: WI
  • Below Grade Sq Ft: 2616
  • Finished Above Grade Sq Ft: 5352
  • Finished Below Grade Sq Ft: 1224
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Yes
  • Basement Type: Laundry Facilities, Walk Out/Outer Door

Exterior Features

  • Roof: Shingle
  • Patio Deck: Porch

Garage/Parking

  • Garage Capacity: 8 or More
  • Parking: Gravel, Off Street
  • Garage: Common Garage, Detached

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Hot Water
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Natural Gas
  • Electricity: Separate Meter
  • Gas: Master Meter
  • Laundry: Coin-Op Dryer, Coin-Op Washer, Common Laundry Area
  • Sewer Included: Y
  • Electricity Included: Y
  • Utilities Heat Included: Y
  • Separate Electricity: Y
  • Separate Heat: Y
  • Utilities Sewer: Y
  • Water: Y
  • Water Included: Y

Schools

  • Wausau Area School Dist: Merrill

Lot Info

  • Acreage: .85
  • Zoning: Commercial
  • Present Use: Rental
  • Geo Address Line: 110 S State St
  • Geo Primary City: Merrill
  • Geo Quality: 0.95

Rental Info

  • Annual Rent: $59,760

Tax Info

  • Tax Amount: $7,033
  • Assessor Parcel Number: 251-3106-142-0010
  • Tax Year: 2022

Multi Family

  • Number Of Units: 8

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2023
Closed on
Jun 17, 2024
Sold by
Bought by
Seller's Agent
Holly Hettinga
COLDWELL BANKER ACTION
Buyer's Agent
Holly Hettinga
COLDWELL BANKER ACTION
List Price
$499,900
Sold Price
$400,000
Premium/Discount to List
-$99,900
-19.98%
Views
277
Current Estimated Value
$458,167

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,167
Avg. Annual Appreciation
6.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$400,000 The Closing Company, Llc
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/17/2024 06/17/24 Sold $400,000 -15.8% $75 / Sq Ft
10/04/2023 10/04/23 Price Changed $474,900 -3.1% $89 / Sq Ft
09/20/2023 09/20/23 Price Changed $489,900 -1.0% $92 / Sq Ft
09/06/2023 09/06/23 Price Changed $494,900 -1.0% $92 / Sq Ft
08/15/2023 08/15/23 For Sale $499,900 -- $93 / Sq Ft
Source: Central Wisconsin Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $8,011 $383,800 $30,100 $353,700
2024 $7,306 $383,800 $30,100 $353,700
2023 $7,753 $240,600 $30,100 $210,500
2022 $7,034 $240,600 $30,100 $210,500
2021 $7,460 $240,600 $30,100 $210,500
2020 $7,453 $240,600 $30,100 $210,500
2019 $7,370 $240,600 $30,100 $210,500
2018 $7,280 $240,600 $30,100 $210,500
2017 $6,860 $240,600 $30,100 $210,500
2016 $6,596 $240,600 $30,100 $210,500
2015 $7,048 $249,500 $32,300 $217,200
2014 $7,048 $249,500 $32,300 $217,200
2013 $7,048 $249,500 $32,300 $217,200
2011 $7,048 $249,500 $32,300 $217,200
Source: Public Records

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 22233640

Central Wisconsin Multiple Listing Service

APN: 251-3106-142-0010

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