NOT LISTED FOR SALE

1270 N 2nd St Platteville, WI 53818

Estimated Value: $1,946,895

3 Beds
2 Baths
1,575 Sq Ft
$1,236/Sq Ft Est. Value

Last Sold September 23, 2014

Last sale price $885,000 $562 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $12,290/month

Highlights

  • 2.04 Acre Lot
  • Level Entry For Accessibility
  • Accessible Full Bathroom
  • Neal Wilkins Early Learning Center Rated A-
  • Accessible Bedroom
  • Water Softener is Owned

About This Home

As of September 2014

Well maintained Class B/C full leased investment property near Legion Park, Platteville Family Aquatic Center, Platteville golf and Country Club and a daycare near by. 32 Units divided between two buildings on 2.04 acres. All units have stoves, refrigerators and balconies or patios. Each building has a coin washer & dryer for additional revenue. Owner pays water, sewer, heat & electric.

Last Agent to Sell the Property

Dan Roseliep

ALTUS Commercial Real Estate, Inc. License #54620-90 Listed on: 07/18/2014

Last Buyer's Agent

Dan Roseliep

ALTUS Commercial Real Estate, Inc. License #54620-90 Listed on: 07/18/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,770

Year Built

  • Built in 1972

Lot Details

  • 2.04 Acre Lot

Parking

  • Outside Parking

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Stone Exterior Construction

Interior Spaces

  • 2-Story Property
  • Oven or Range

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Level Entry For Accessibility

Schools

  • Westview Elementary School
  • Platteville Middle School
  • Platteville High School

Utilities

  • Radiant Heating System
  • Water Softener is Owned

Community Details

  • 32 Units
  • Net Operating Income $74,645

Listing and Financial Details

  • Assessor Parcel Number 271-00505-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,770

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Municipality: Platteville
  • Status Detail: Sold
  • Mailing City: Platteville
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Barrier Free: Ramped or level entrance, First floor bedroom, First floor full bath
  • Miscellaneous: Water Softener Owned
  • Noi Year: 2015
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 32
  • Number Stoves: 32
  • Number Washers: 1
  • Number Water Heaters: 5
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood, Brick, Stone

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside

Fee Information

  • Total Expenses: 113930

Schools

  • School District: Platteville
  • Elementary School: Westview
  • Middle School: Platteville
  • High School: Platteville
  • Elementary School: Westview
  • High School: Platteville
  • Middle School: Platteville
  • School District: Platteville

Lot Info

  • Estimated Aces: 2.04
  • Zoning: R3
  • Geo Subdivision: WI

Rental Info

  • Total Income: 198500

Tax Info

  • Land Assessment: 86200
  • Improvements: 557700
  • Total Assessment: 643900
  • Assessment year: 2013
  • Net Taxes: 14770
  • Tax Year: 2013
  • Assessor Parcel Number: 271-00505-0000

Multi Family

  • Number Of1 Bedrooms: 16
  • Number Of2 Bedrooms: 16
  • Number Of Units: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2014
Closed on
Sep 25, 2014
Sold by
Pioneer Partnership Lp
Bought by
Pioneer Real Estate Management Llc
Seller's Agent
Dan Roseliep
ALTUS Commercial Real Estate, Inc.
Buyer's Agent
Dan Roseliep
ALTUS Commercial Real Estate, Inc.
List Price
$970,000
Sold Price
$885,000
Premium/Discount to List
-$85,000
-8.76%
Current Estimated Value
$1,946,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,061,895
Avg. Annual Appreciation
7.40%
Original Mortgage
$663,750
Interest Rate
4.09%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Pioneer Real Estate Management Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pioneer Real Estate Management Llc $663,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2014 09/23/14 Sold $885,000 -8.8% $562 / Sq Ft
08/13/2014 08/13/14 Pending -- -- --
07/18/2014 07/18/14 For Sale $970,000 -- $616 / 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 $23,613 $1,425,000 $80,700 $1,344,300
2023 $23,956 $1,200,000 $80,700 $1,119,300
2022 $22,450 $1,200,000 $80,700 $1,119,300
2021 $20,200 $971,900 $80,700 $891,200
2020 $20,484 $971,900 $80,700 $891,200
2019 $20,843 $971,900 $8,070 $89,120
2018 $20,704 $971,900 $80,700 $891,200
2017 $14,660 $643,900 $86,200 $557,700
2016 $14,711 $643,900 $86,200 $557,700
2015 $14,831 $643,900 $86,200 $557,700
2014 $14,739 $643,900 $86,200 $557,700
2013 $14,770 $643,900 $86,200 $557,700
Source: Public Records

Agents Affiliated with this Home

  • Dan Roseliep

    Seller's Agent in 2014

    Dan Roseliep

    ALTUS Commercial Real Estate, Inc.

    (608) 234-4482

    9 Total Sales

    Dan Roseliep
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1722497

South Central Wisconsin Multiple Listing Service

APN: 271-00505-0000

Wisconsin Grant County Platteville 53818

1270 N 2nd St, Platteville, WI

This home is located at 1270 N 2nd St, Platteville, WI 53818 since 18 July 2014 and is currently estimated at $1,946,895, approximately $1,236 per square foot. This property was built in 1972. 1270 N 2nd St is a home located in Grant County with nearby schools including Neal Wilkins Early Learning Center, Westview Elementary School, and Platteville Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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