NOT LISTED FOR SALE

126 S 3rd St Delavan, WI 53115

Estimated Value: $707,170

8 Beds
6 Baths
5,736 Sq Ft
$123/Sq Ft Est. Value

Last Sold August 19, 2014

Last sale price $275,000 $48 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $4,409/month

67 Days on Market

Highlights

  • Enclosed Parking
  • Forced Air Heating and Cooling System
  • 3-minute walk to Pheonix Park

About This Home

As of August 2014

Amazing opportunity to own this fully rented brick 6 unit building with 6 garage parking spaces, located one block from downtown Delavan! This 5,736 appx sf. building includes (4) 1 bedroom, 1 bath units with hardwood flooring and balconies (3 units remodeled) and (2) two bedroom 1 bathroom units with fireplaces (one unit renovated with white shaker cabinets, new kitchen appliances and flooring). Each unit has central air, individually controlled gas furnace, electric range & refrigerator. The basement has coin operated laundry, 7 tenant storage units & a large owner's storage room. Tenants pay gas & electric. Owner pays common area gas, electric, water & sewer. Newer: rear flat roof (rubber membrane) & water heater (2021), main roof (dimensional shingles) & garage roof (2014).

Last Agent to Sell the Property

Mary Wallace

Coldwell Banker Realty License #71078-94 Listed on: 06/20/2022

Coldwell Banker Realty

Last Buyer's Agent

Michelle Ekstrom

Shorewest Realtors, Inc. License #54033-94

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $6,882

Year Built

  • Built in 1962

Lot Details

  • 0.29 Acre Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,736 Sq Ft Home
  • Multi-Level Property

Basement

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

Parking

  • Enclosed Parking
  • Outside Parking

Schools

  • Phoenix Middle School
  • Delavan-Darien High School

Utilities

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

Community Details

  • 6 Units

Listing and Financial Details

  • Exclusions: Seller/tenants personal property. Bushes/shrubs in front of property being removed.
  • Seller Concessions Not Offered

Property Details

Home Type

Apartment

Est. Annual Taxes

$6,882

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 6 of each: refrigerators, electric ranges, furnaces, central air units. One water heater. Coin operated washer and dryer.
  • Directions: Take E Washington to 3rd Street, North to property. Please park on the street.
  • New Construction: No
  • Year Built: 1962
  • Cleared Acreage: Less than 1/2
  • Architecture: Other
  • Full Street Address: 126 S Third STREET
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.29
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
  • Has Basement: Full, Laundry Facilities
  • Interior Amenities: Water Softener
  • Second Floor Total Sq Ft: 5736.00

Exterior Features

  • Exclusions: Seller/tenants personal property. Bushes/shrubs in front of property being removed.
  • Exterior Building Type: Apartment Building
  • Exterior: Brick/Stone, Brick

Garage/Parking

  • Parking Features:Workshop in Garage: Indoor Space
  • Garage/Parking: Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • High School: Delavan-Darien
  • Junior High Dist: Delavan-Darien

Lot Info

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

Tax Info

  • Tax Year: 2021
  • Total Taxes: 6882.17

MLS Schools

  • Middle School: Phoenix

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Sep 29, 2022
Sold by
Third Street Apartments Llc
Bought by
Modern Touch Properties Llc
Seller's Agent
Mary Wallace
Coldwell Banker Realty
Buyer's Agent
Michelle Ekstrom
Shorewest Realtors, Inc.
List Price
$574,900
Sold Price
$551,000
Premium/Discount to List
-$23,900
-4.16%
Views
21
Current Estimated Value
$707,170

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,170
Avg. Annual Appreciation
7.96%
Original Mortgage
$413,250
Outstanding Balance
$186,177
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$520,993

Purchase Details

Closed on
Aug 11, 2015
Sold by
Fromholz David K and Fromholz Linda A
Bought by
Third Street Apartments Llc

Purchase Details

Listed on
May 15, 2013
Closed on
Aug 18, 2014
Sold by
Greenberg-Begun Management Llc
Bought by
Fromholz David K and Fromholz Linda A
Seller's Agent
Ryan Southwick
Southwick Group Real Estate
Buyer's Agent
Michael Pfammatter
Keefe Real Estate, Inc.
List Price
$275,000
Sold Price
$275,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.65%
Original Mortgage
$206,250
Interest Rate
4.1%
Mortgage Type
Commercial
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 Buyer Sale Price Title Company
Modern Touch Properties Llc $551,000 None Listed On Document
Third Street Apartments Llc -- None Available
Fromholz David K $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Modern Touch Properties Llc $413,250
Previous Owner Fromholz David K $206,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/25/2022 11/25/22 Off Market $574,900 -- --
06/20/2022 06/20/22 For Sale $574,900 +109.1% $100 / Sq Ft
08/19/2014 08/19/14 Sold $275,000 0.0% -- View Prior Sale
06/11/2014 06/11/14 Pending -- -- --
05/15/2013 05/15/13 For Sale $275,000 -- --
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 $8,569 $574,100 $51,000 $523,100
2023 $7,015 $315,000 $42,400 $272,600
2022 $6,928 $315,000 $42,400 $272,600
2021 $6,882 $315,000 $42,400 $272,600
2020 $7,133 $315,000 $42,400 $272,600
2019 $7,178 $315,000 $42,400 $272,600
2018 $6,460 $315,000 $42,400 $272,600
2017 $7,541 $324,000 $37,200 $286,800
2016 $7,600 $324,000 $37,200 $286,800
2015 $7,722 $324,000 $37,200 $286,800
2014 $7,289 $324,000 $37,200 $286,800
2013 $7,289 $324,000 $37,200 $286,800
Source: Public Records

Agents Affiliated with this Home

  • Mary Wallace

    Seller's Agent in 2022

    Mary Wallace

    Coldwell Banker Realty

    (708) 203-1412

    1 in this area

    605 Total Sales

    Mary Wallace
    Section Image

  • M

    Buyer's Agent in 2022

    Michelle Ekstrom

    Shorewest Realtors, Inc.

  • R

    Seller's Agent in 2014

    Ryan Southwick

    Southwick Group Real Estate

    (262) 949-4754

    1 in this area

    25 Total Sales

    Ryan Southwick
    Section Image

  • M

    Buyer's Agent in 2014

    Michael Pfammatter

    Keefe Real Estate, Inc.

See All Agents

Map

Source: Metro MLS

MLS Number: 1798686

Metro MLS

APN: XOP00116

Wisconsin Walworth County Delavan 53115

126 S 3rd St, Delavan, WI

Not Listed for Sale

MultiFamily

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