NOT LISTED FOR SALE

1501 S 3rd St Unit 1505 Milwaukee, WI 53204

Clock Tower Acres Neighborhood

Estimated Value: $231,049

8 Beds
2 Baths
3,894 Sq Ft
$59/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $181,500 $47 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,603/month

44 Days on Market

Highlights

  • Enclosed Parking
  • Forced Air Heating System
  • 4-minute walk to Norbert R. Witkowiak Park
  • Golda Meir School Rated A-
  • Wood Siding

About This Home

As of August 2021

Most likely will require a cash offer. 2 properties on one lot:1501 Lower is a former tavern with original tin ceiling, Upper was a 2 bed/1 bath (75% gutted) and both are awaiting a new vision to continue the rejuvenation of the neighborhood. Next door 1505 is duplex - both units currently occupied. Duplex has newer furnaces, water heaters, electrical, pipes, & ducts (2016) as well as extensive remodeling. These properties offer the opportunity to be a part of this up & coming part of Walkers Point/5th Ward, located conveniently between the 3rd Ward/Downtown to the north, Bay View to the south, and Lake Michigan to the east. Unique opportunity with great current cash flow and major renovation opportunity with commercial building.

Last Agent to Sell the Property

Lisa Wolff

Shorewest Realtors, Inc. License #52704-90 Listed on: 05/17/2021

Shorewest Realtors, Inc.

Last Buyer's Agent

The Krickeberg Group*

Keller Williams Realty-Milwaukee Southwest License #59833-94

Keller Williams Realty-Milwaukee Southwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,321

Year Built

  • Built in 1885

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,894 Sq Ft Home
  • Multi-Level Property

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • Enclosed Parking
  • Outside Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,321

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Directions: Corner of Orchard Street and S 3rd Street
  • New Construction: No
  • Year Built: 1885
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 1501 S 3rd St #1505
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.08
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
  • Has Basement: Block, Brick, Full
  • Second Floor Total Sq Ft: 3894.00

Exterior Features

  • Exterior Building Type: Duplex +
  • Exterior: Partial-Aluminum, Partial-Wood

Garage/Parking

  • Garage/Parking: Outdoor Space, Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • School District: Milwaukee
  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: RT4
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2020
  • Total Taxes: 4321.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2024
Sold by
Jtm Homes Llc
Bought by
Ugalde Ismael Ortega
Current Estimated Value
$231,049

Purchase Details

Closed on
Jun 1, 2023
Sold by
Jtm Homes Llc
Bought by
1505 Bnb Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2023
Sold by
Two Chicks And A House Llc
Bought by
Jtm Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
6.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 21, 2022
Sold by
Stefan & Story Global Llc
Bought by
Two Chicks And A House Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,900
Interest Rate
6.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2021
Closed on
Aug 11, 2021
Sold by
1501 S 3Rd Street Llc
Bought by
Stefan & Story Global Llc
Seller's Agent
Lisa Wolff
Shorewest Realtors, Inc.
Buyer's Agent
The Krickeberg Group*
Keller Williams Realty-Milwaukee Southwest
List Price
$181,500
Sold Price
$181,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$240,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 2015
Sold by
Block Thomas H
Bought by
1501 S 3Rd Street Llc

Purchase Details

Closed on
Aug 24, 2015
Sold by
Bayview Loan Servicing Llc
Bought by
Block Thomas

Purchase Details

Closed on
Jan 3, 2013
Sold by
Wachowski Jacqueline L
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Nov 20, 2009
Sold by
Wachowski Jacqueline L
Bought by
Bayview Loan Servicing Llc

Purchase Details

Closed on
Jun 18, 2007
Sold by
Ward Sharon M
Bought by
Wachowski Jacqueline L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,750
Interest Rate
6.54%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2006
Sold by
Ward Neal R and Ward Sharon A
Bought by
Ward Sharon A
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
Ugalde Ismael Ortega $66,500 None Listed On Document
1505 Bnb Llc $220,000 None Listed On Document
Jtm Homes Llc $265,000 None Listed On Document
Two Chicks And A House Llc $234,900 --
Stefan & Story Global Llc $181,500 None Available
1501 S 3Rd Street Llc -- None Available
Block Thomas $35,000 Title365
Bayview Loan Servicing Llc -- None Available
Bayview Loan Servicing Llc -- None Available
Wachowski Jacqueline L $130,000 Premier Title & Closing Serv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jtm Homes Llc $265,000
Previous Owner Two Chicks And A House Llc $234,900
Previous Owner Stefan & Story Global Llc $240,000
Previous Owner 1501 S 3Rd Street Llc $515,000
Previous Owner Wachowski Jacqueline L $93,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $181,500 0.0% $47 / Sq Ft
06/30/2021 06/30/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $181,500 -- $47 / Sq Ft
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
2023 $3,852 $163,000 $14,000 $149,000
2022 $3,919 $163,000 $14,000 $149,000
2021 $4,243 $160,200 $14,000 $146,200
2020 $4,321 $160,200 $14,000 $146,200
2019 $3,894 $145,600 $14,000 $131,600
2018 $3,766 $145,600 $14,000 $131,600
2017 $4,173 $148,500 $14,000 $134,500
2016 $4,092 $142,900 $2,600 $140,300
2015 -- $142,900 $2,600 $140,300
2014 -- $142,900 $2,600 $140,300
2013 -- $142,900 $2,600 $140,300
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lisa Wolff

    Shorewest Realtors, Inc.

    (414) 248-2069

    1 in this area

    12 Total Sales

    Lisa Wolff
    Section Image

  • T

    Buyer's Agent in 2021

    The Krickeberg Group*

    Keller Williams Realty-Milwaukee Southwest

    2 in this area

    492 Total Sales

    The Krickeberg Group*
    Section Image
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Map

Source: Metro MLS

MLS Number: 1740956

Metro MLS

APN: 462-0432-000-4

Wisconsin Milwaukee County Milwaukee 53204 Clock Tower Acres

1501 S 3rd St Unit 1505, Milwaukee, WI

This home is located at 1501 S 3rd St Unit 1505, Milwaukee, WI 53204 since 17 May 2021 and is currently estimated at $231,049, approximately $59 per square foot. This property was built in 1885. 1501 S 3rd St Unit 1505 is a home located in Milwaukee County with nearby schools including Allen-Field School, Milwaukee Spanish Immersion School - Upper Campus, and Milwaukee German Immersion School.

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