$475,000
SOLD OCT 23, 2024

1522 On the Lake 1522 N Prospect Ave Unit 1704 Milwaukee, WI 53202

Lower East Side Neighborhood
2 Beds
2 Baths
1,491 Sq Ft
$805/mo HOA Fee

Recently Sold

$319 Per Sq Ft

10% Below List Price

43 Days on Market

Highlights

  • Water Views
  • Access To Lake
  • Clubhouse
  • Golda Meir School Rated A-
  • Building Security
  • Exercise Course

About This Home

As of October 2024

Experience luxury living at its finest at the prestigious 1522 On The Lake. This beautiful, two-bedroom, two-bath condo soars above the city perched on the 17th floor offering stunning views of the lake and marina. This north facing unit's large balcony provides perfect harmony allowing views of both the sunrise & sunset. This desirable split-bedroom floor plan offers privacy for you & your guests. Enjoy entertaining family & friends in the light-filled living/dining area that opens to the kitchen w/ large island. The primary suite boasts double closets, soaking tub & walk-in shower. Completing the unit is in-unit laundry, secure heated parking space & large storage locker located next to the unit. Enjoy top-notch amenities including 2nd floor lakeside terrace, concierge & fitness room.

Last Agent to Sell the Property

Lisa Ashley

Mahler Sotheby's International Realty License #56435-90 Listed on: 08/29/2024

Last Buyer's Agent

Jay Schmidt

Keller Williams Realty-Milwaukee North Shore License #57868-90

Keller Williams Realty-Milwaukee North Shore

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,317

Year Built

  • Built in 2002

HOA Fees

  • $805 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • 1 to 5 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 1,491 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Primary Bathroom includes a Walk-In Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Access To Lake

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Seller's personal property

Community Details

Overview

  • 99 Units
  • High-Rise Condominium
  • 1522 On The Lake Condos

Amenities

  • Elevator

Recreation

  • Exercise Course

Pet Policy

  • Pets Allowed

Security

  • Building Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,317

Year Built

Built in 2002

Lot Details

0

HOA Fees

$805 per month

Parking

1

Listing Details

  • Prop. Type: Condo
  • Inclusions: Oven/range, refrigerator, dishwasher, microwave, washer, dryer
  • Directions: Building is on the east side of Prospect Ave, two blocks north of Ogden Ave.
  • New Construction: No
  • Year Built: 2002
  • AssociationCommonAmenities: Clubhouse, Common Green Space, Elevator, Exercise Room, Security
  • CondoFeeMonthly: 805.0
  • CondoUnitType: 1 Story
  • Full Street Address: 1522 N Prospect AVENUE #1704
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Municipality Type: City
  • Property Water Features: Lake, View of Water
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: None / Slab
  • Interior Amenities: Cable/Satellite Available, High Speed Internet, In-Unit Laundry, Storage Lockers, Wood or Sim.Wood Floors
  • Bathroom Description: Tub Only, Ceramic Tile, Master Bedroom Bath: Tub/No Shower, Master Bedroom Bath: Walk-In Shower, Master Bedroom Bath, Shower Over Tub, Shower Stall
  • Room Bedroom2 Level: Main
  • Dining Room Dining Room Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 15
  • Second Floor Total Sq Ft: 1491.00

Exterior Features

  • Exclusions: Seller's personal property
  • Exterior Features: Balcony
  • Exterior Building Type: Highrise: 6+ Stories
  • Exterior: Aluminum/Steel, Brick, Brick/Stone, Stone

Garage/Parking

  • Parking Features:Workshop in Garage: Attached, Opener Included, Underground, 1 Car
  • Garage Spaces: 1.0
  • Garage/Parking: 1 Space, Assigned

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Association/Amenities

  • Condominium Name: 1522 On The Lake
  • Association Pet Rules:Pets Permitted: Yes

Condo/Co-op/Association

  • Number Units In Association: 99

Schools

  • School District: Milwaukee
  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: RM7

Tax Info

  • Tax Year: 2023
  • Total Taxes: 10317.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2024
Closed on
Oct 23, 2024
Sold by
Ap Properties Llc
Bought by
Debra Miller Living Trust and Miller
Seller's Agent
Lisa Ashley
Mahler Sotheby's International Realty
Buyer's Agent
Jay Schmidt
Keller Williams Realty-Milwaukee North Shore
List Price
$525,000
Sold Price
$475,000
Premium/Discount to List
-$50,000
-9.52%
Views
107
Current Estimated Value
$517,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,464
Avg. Annual Appreciation
9.33%

Purchase Details

Closed on
Nov 9, 2011
Sold by
Davis Willie D
Bought by
Ap Properties Llc

Purchase Details

Closed on
Feb 19, 2008
Sold by
Suburban Aire Inc
Bought by
Davis Willie D

Purchase Details

Closed on
Jun 14, 2004
Sold by
1522 Partners Llc
Bought by
Suburban Aire Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
5.37%
Mortgage Type
Purchase Money 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 Type Sale Price Title Company
Warranty Deed $475,000 None Listed On Document
Warranty Deed $475,000 None Listed On Document
Condominium Deed -- None Available
Condominium Deed $384,800 None Available
Condominium Deed $413,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $363,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2024 10/23/24 Sold $475,000 -9.5% $319 / Sq Ft
08/29/2024 08/29/24 For Sale $525,000 -- $352 / 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
2024 $10,917 $480,000 $14,400 $465,600
2023 $10,388 $439,600 $14,400 $425,200
2022 $10,395 $439,600 $14,400 $425,200
2021 $9,323 $357,500 $14,400 $343,100
2020 $9,280 $357,500 $14,400 $343,100
2019 $9,369 $362,000 $14,300 $347,700
2018 $9,300 $362,000 $14,300 $347,700
2017 $10,697 $394,500 $12,000 $382,500
2016 $9,397 $330,000 $12,000 $318,000
2015 -- $330,000 $12,000 $318,000
2014 -- $365,000 $12,000 $353,000
2013 -- $298,700 $12,000 $286,700
Source: Public Records

Agents Affiliated with this Home

  • Lisa Ashley

    Seller's Agent in 2024

    Lisa Ashley

    Mahler Sotheby's International Realty

    (414) 882-3535

    18 in this area

    116 Total Sales

    Lisa Ashley
    Section Image

  • J

    Buyer's Agent in 2024

    Jay Schmidt

    Keller Williams Realty-Milwaukee North Shore

    (414) 517-7716

    78 in this area

    1,658 Total Sales

    Jay Schmidt
    Section Image
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About 1522 On the Lake

Map

Source: Metro MLS

MLS Number: 1889864

Metro MLS

APN: 359-1543-000-5

Wisconsin Milwaukee County Milwaukee 53202 Lower East Side

1522 N Prospect Ave Unit 1704, Milwaukee, WI

This home is located at 1522 N Prospect Ave Unit 1704, Milwaukee, WI 53202 and is currently priced at $475,000, approximately $318 per square foot. This property was built in 2002. 1522 N Prospect Ave Unit 1704 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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