NOT LISTED FOR SALE

1519 N Farwell Ave Unit 1525 Milwaukee, WI 53202

Lower East Side Neighborhood

Estimated Value: $1,051,564 - $1,185,000

9 Beds
11 Baths
9,591 Sq Ft
$119/Sq Ft Est. Value

Last Sold April 27, 2022

Last sale price $940,000 $98 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $8,065/month

12 Days on Market

Highlights

  • 0.17 Acre Lot
  • Enclosed Parking
  • Wood Siding
  • Golda Meir School Rated A-
  • Forced Air Heating System
  • 4-minute walk to Burns Commons

About This Home

As of April 2022

3 Fully occupied properties on the same parcel. 1519 is a Single-Family, 1525 Farwell is a 5-unit consisting of (2) two bedroom units, (2) one bedroom units, and (1) studio. 1325-27 is 3-units with (2) two bedrooms and (1) one bedroom. See Offering Memorandum in Documents for additional building info and financials. Can be packaged with MLS: 1785925 (1115 Knapp), 1785928 (1554 Warren), 1785929 (1690 Marshall), 1785930 (1729-31 Warren)

Last Agent to Sell the Property

Ashley Haut

Coldwell Banker Realty License #78137-94 Listed on: 04/04/2022

Coldwell Banker Realty

Last Buyer's Agent

Daniel Ogens

Homestead Realty, Inc License #28949-90

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $22,334

Year Built

  • Built in 1901

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 9,591 Sq Ft Home
  • Multi-Level Property
  • Basement Fills Entire Space Under The House

Parking

  • Enclosed Parking
  • Outside Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 9 Units

Listing and Financial Details

  • Exclusions: Tenant/Seller personal property

Property Details

Home Type

Apartment

Est. Annual Taxes

$22,334

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 9 Refrigerators, 9 Stoves, 1 Coin-op washer, 1 Coin-op dryer, and 1 (non-coin op) washer/dryer set
  • New Construction: No
  • Year Built: 1901
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 1519 N Farwell Ave #1525
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.17
  • 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: Full
  • Second Floor Total Sq Ft: 9591.00

Exterior Features

  • Exclusions: Tenant/Seller personal property
  • Exterior Building Type: Apartment Building
  • Exterior: Partial-Brick, Partial-Vinyl, Partial-Wood

Garage/Parking

  • Parking Features:Workshop in Garage: None
  • Garage/Parking: Inside Parking, Outside

Utilities

  • Water Waste: Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • School District: Milwaukee
  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: RO2
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2021
  • Total Taxes: 22334.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2022
Closed on
Apr 27, 2022
Sold by
Higgins Investments Llc
Bought by
Farwell Lofts Llc
Seller's Agent
Ashley Haut
Coldwell Banker Realty
Buyer's Agent
Daniel Ogens
Homestead Realty, Inc
List Price
$940,000
Sold Price
$940,000
Total Days on Market
12
Current Estimated Value
$1,138,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,521
Avg. Annual Appreciation
6.31%

Purchase Details

Closed on
Dec 4, 2018
Sold by
Vandelay Farwell Llc
Bought by
Higgins Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 23, 2009
Sold by
M & I Regional Properties Llc
Bought by
Vandelay Farwell Llc

Purchase Details

Closed on
Sep 1, 2009
Sold by
Brophy Timothy J
Bought by
M & I Regional Properties Llc

Purchase Details

Closed on
Sep 15, 2003
Sold by
Pauli Daniel
Bought by
Brophy Timothy J
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
Farwell Lofts Llc $940,000 Knight Barry Title
Higgins Investments Llc $875,000 None Available
Vandelay Farwell Llc $355,000 None Available
M & I Regional Properties Llc -- None Available
Brophy Timothy J $595,000 Metropolitan Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farwell Lofts Llc $1,046,250
Previous Owner Higgins Investments Llc $875,000
Previous Owner Higgins Investments Llc $0
Previous Owner Vandelay Farwell Llc $768,000
Previous Owner Brophy Timothy J $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2022 04/27/22 Sold $940,000 0.0% $98 / Sq Ft
04/16/2022 04/16/22 Pending -- -- --
04/04/2022 04/04/22 For Sale $940,000 -- $98 / 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 $20,459 $865,800 $114,600 $751,200
2022 $20,688 $865,800 $114,600 $751,200
2021 $22,334 $847,700 $114,600 $733,100
2020 $22,237 $847,700 $114,600 $733,100
2019 $21,592 $722,000 $97,900 $624,100
2018 $18,725 $722,000 $97,900 $624,100
2017 $18,796 $687,000 $97,900 $589,100
2016 $19,190 $667,400 $111,200 $556,200
2015 -- $657,600 $111,200 $546,400
2014 -- $647,600 $111,200 $536,400
2013 -- $647,600 $111,200 $536,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Ashley Haut

    Coldwell Banker Realty

    (414) 510-1002

    4 in this area

    20 Total Sales

    Ashley Haut
    Section Image

  • D

    Buyer's Agent in 2022

    Daniel Ogens

    Homestead Realty, Inc

See All Agents

Map

Source: Metro MLS

MLS Number: 1785926

Metro MLS

APN: 359-0261-000-4

Wisconsin Milwaukee County Milwaukee 53202 Lower East Side

1519 N Farwell Ave Unit 1525, Milwaukee, WI

This home is located at 1519 N Farwell Ave Unit 1525, Milwaukee, WI 53202 since 04 April 2022 and is currently estimated at $1,138,521, approximately $118 per square foot. This property was built in 1901. 1519 N Farwell Ave Unit 1525 is a home located in Milwaukee County with nearby schools including Cass Street School, Milwaukee German Immersion School, and Craig Montessori School.

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