$62,000
SOLD JAN 15, 2025

1116 Summit Ave Beloit, WI 53511

1 Bed
2 Baths
572 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$108 Per Sq Ft

5% Below List Price

14 Days on Market

Highlights

  • Ranch Style House
  • Property is near a bus stop
  • 3-minute walk to Regina Dunkin Park
  • Forced Air Cooling System
  • Wood Siding

About This Home

As of January 2025

INVESTORS!! This is your opportunity to purchase a property that has potential to increase the equity with cosmetic updates as you continue to collect a rent check. This cute 1 bedroom home has tons of character, but needs some TLC to bring it back to it's glory. Location is in the middle of the City near schools, parks, shopping, etc. Tenant has lived in this cozy home for several years, but is on a month-to-month lease leaving flexibility for possibilities. So much to offer, so much potential!

Last Agent to Sell the Property

Tressy Brown

Century 21 Affiliated Brokerage Phone: 608-295-0841 License #86430-94 Listed on: 11/20/2024

Century 21 Affiliated

Last Buyer's Agent

Sady Aguiar

Rock Realty License #90149-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $947

Year Built

  • Built in 1930

Parking

  • Paved Parking

Home Design

  • Ranch Style House
  • Wood Siding

Interior Spaces

  • 572 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 1 Bedroom

Schools

  • Call School District Elementary And Middle School
  • Memorial High School

Additional Features

  • 4,356 Sq Ft Lot
  • Property is near a bus stop
  • Forced Air Cooling System

Home Details

Home Type

Single Family

Est. Annual Taxes

$947

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Municipality: Beloit
  • Status Detail: Sold
  • Mailing City: Beloit
  • Class: Single Family
  • Type: Single Family
  • Type Of Property: 1 story
  • Architecture: Ranch
  • Items Excluded: Tenant's personal property.
  • Items Included: Seller owned appliances. Confirm with agent.
  • Year Built: 1930
  • Above Grade Sold Price Per Sq Ft: 108.39
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Above Grade Finished Sq Ft: 572
  • Finished Sq Ft: 572
  • Bedrooms: 1
  • Main Level Full Bathrooms: 1
  • Total Full Bathrooms: 2
  • Master Bedroom: On Level: M
  • Kitchen: On Level: M
  • Living Room: On Level: M
  • Basement: Full
  • Primary Bedroom Bathrooms: None

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Driveway: Paved

Utilities

  • Fuel: Natural gas
  • Heating Cooling: Forced air
  • Water Waste: Municipal water, Municipal sewer

Schools

  • Elementary School: Call School District
  • High School: Memorial
  • Middle School: Call School District
  • School District: Beloit

Lot Info

  • Estimated Aces: 0.1
  • Lot Description: Close to busline, Sidewalk
  • Zoning: R-1
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 947
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2024
Closed on
Jan 13, 2025
Sold by
Obsidian Onyx Management Llc
Bought by
Carlos Maria L Martinez
Seller's Agent
Tressy Brown
Century 21 Affiliated
Buyer's Agent
Sady Aguiar
Rock Realty
List Price
$65,000
Sold Price
$62,000
Premium/Discount to List
-$3,000
-4.62%
Views
17
Current Estimated Value
$69,482

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,482
Avg. Annual Appreciation
13.03%
Original Mortgage
$49,600
Outstanding Balance
$49,202
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$20,280

Purchase Details

Closed on
Sep 7, 2022
Sold by
Fps Rental Inc
Bought by
Obsidian Onyx Management Llc

Purchase Details

Closed on
Nov 30, 2016
Sold by
Voss Hovland Natalie A
Bought by
Fps Rental Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $62,000 None Listed On Document
Warranty Deed -- --
Warranty Deed $105,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $49,600 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2025 01/15/25 Sold $62,000 -4.6% $108 / Sq Ft
11/20/2024 11/20/24 For Sale $65,000 -- $114 / Sq Ft
Source: South Central 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 $856 $71,300 $7,300 $64,000
2023 $912 $59,000 $7,300 $51,700
2022 $945 $59,000 $7,300 $51,700
2021 $643 $21,900 $4,500 $17,400
2020 $582 $21,900 $4,500 $17,400
2019 $555 $21,900 $4,500 $17,400
2018 $554 $21,900 $4,500 $17,400
2017 $556 $21,900 $4,500 $17,400
2016 $592 $21,900 $4,500 $17,400
2015 $556 $21,900 $4,500 $17,400
2014 $534 $21,900 $4,500 $17,400
2013 $618 $21,900 $4,500 $17,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1989820

South Central Wisconsin Multiple Listing Service

APN: 125-71280