NOT LISTED FOR SALE

1311 N 3rd St Wausau, WI 54403

Estimated Value: $97,000 - $145,000

-- Bed
2 Baths
-- Sq Ft
6,970 Sq Ft Lot

Last Sold October 27, 2017

Last sale price $55,000

Est. 121% increase in value since last sale

Current estimated payment $764/month

Highlights

  • Porch
  • Brick or Stone Mason
  • Forced Air Heating System
  • East High School Rated A-

About This Home

As of October 2017

Iconic property located in Downtown Wausau on the rapidly improving 3rd Street corridor was built in 1880 and is likely the original brick farmstead. It is currently zoned R-3 and has been utilized as an income producing duplex but with a zoning change would be ideal for use as retail or office space. Past historic rental amounts would provide for excellent cash flow.

Last Agent to Sell the Property

Rick Mullen

COLDWELL BANKER ACTION License #56213-90 Listed on: 07/14/2017

COLDWELL BANKER ACTION

Last Buyer's Agent

Steve LaCerte

COLDWELL BANKER ACTION License #52410-90

COLDWELL BANKER ACTION

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,508

Year Built

  • Built in 1880

Lot Details

  • 6,970

Home Design

  • Duplex
  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Range
  • Basement

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Master Meter
  • Natural Gas Water Heater

Additional Features

  • Porch
  • Lot Dimensions are 60x114

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 291 2907 252 0354

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,508

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Age: 51+
  • Class: Multi-Family
  • Lvt Date: 07/19/2017
  • Municipality: Wausau, City of
  • Style: 2 Story
  • Type: Duplex
  • Year Built: 1880
  • Construction: Brick, Wood
  • Geo Subdivision: WI
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Yes

Exterior Features

  • Roof: Shingle
  • Patio Deck: Porch

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Natural Gas
  • Water: Meter (s)
  • Electricity: Separate Meter
  • Gas: Master Meter
  • Separate Electricity: Y

Schools

  • School District: Wausau East
  • Wausau Area School Dist: Wausau East

Lot Info

  • Lot Size: 60X114
  • Zoning: Multi-Family
  • Present Use: Rental Duplex
  • Geo Address Line: 1311 3rd St
  • Geo Primary City: Wausau
  • Geo Quality: 0.95
  • Geo Secondary City: Marathon
  • Geo Zoom Level: 16

Tax Info

  • Assessor Parcel Number: 291 2907 252 0354

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2018
Sold by
Gritzmacher Philip and Gritzmacher Lauren
Bought by
Gritzmacher Investments Llc
Current Estimated Value
$121,505

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,200
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Listed on
Jul 14, 2017
Closed on
Oct 2, 2017
Sold by
Schlatterer Mary K and Schlatterer Jeffrey
Bought by
Grizmacher Philip and Grizmacher Lauren
Seller's Agent
Rick Mullen
COLDWELL BANKER ACTION
Buyer's Agent
Steve LaCerte
COLDWELL BANKER ACTION
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.40%
Original Mortgage
$41,250
Interest Rate
3.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gritzmacher Investments Llc -- Knight Barry Title
Grizmacher Philip $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gritzmacher Investments Llc $52,200
Previous Owner Grizmacher Philip $41,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2017 10/27/17 Sold $55,000 -8.2% --
09/17/2017 09/17/17 Pending -- -- --
07/14/2017 07/14/17 For Sale $59,900 -- --
Source: 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 $1,508 $81,400 $16,300 $65,100
2023 $1,966 $79,800 $16,300 $63,500
2022 $1,966 $79,800 $16,300 $63,500
2021 $1,902 $79,800 $16,300 $63,500
2020 $1,932 $79,800 $16,300 $63,500
2019 $1,764 $68,300 $12,600 $55,700
2018 $1,563 $61,700 $12,600 $49,100
2017 $1,633 $66,600 $12,600 $54,000
2016 $1,587 $66,600 $12,600 $54,000
2015 $1,629 $66,600 $12,600 $54,000
2014 $1,549 $66,600 $12,600 $54,000
Source: Public Records

Agents Affiliated with this Home

  • Rick Mullen

    Seller's Agent in 2017

    Rick Mullen

    COLDWELL BANKER ACTION

    (715) 212-1489

    93 Total Sales

    Rick Mullen
    Section Image
  • Steve LaCerte

    Buyer's Agent in 2017

    Steve LaCerte

    COLDWELL BANKER ACTION

    (715) 551-6567

    272 Total Sales

    Steve LaCerte
    Section Image
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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 1704562

Central Wisconsin Multiple Listing Service

APN: 291-2907-252-0354

Wisconsin Marathon County Wausau 54403

1311 N 3rd St, Wausau, WI

This home is located at 1311 N 3rd St, Wausau, WI 54403 since 14 July 2017 and is currently estimated at $121,505. This property was built in 1880. 1311 N 3rd St is a home located in Marathon County with nearby schools including Franklin Elementary School, Horace Mann Middle School, and East High 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.

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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