$640,000
SOLD JAN 31, 2025

1522 On the Lake 1522 N Prospect Ave Unit 405 Milwaukee, WI 53202

Lower East Side Neighborhood
2 Beds
2 Baths
1,759 Sq Ft
$956/mo HOA Fee

Recently Sold

$364 Per Sq Ft

76 Days on Market

Highlights

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

About This Home

As of January 2025

Strong views of Lake Michigan and McKinley Harbor from this spacious 2 bedroom 2 bath unit at 1522 on the Lake Condominium. Facing East, this 1759 sqft condo has a lot of Sunlight with floor to ceiling windows and high ceilings; New Construction feel. No other East Side Condo building has these strong Amenities like Concierge Service, Guest Suite, Guest Parking, Sundeck, large Fitness Room, On-site Management and Maintenance, Community Room with Patio, Spice Garden and more. for video walk thru search Youtube for ''1522 n Prospect 405'' home Inspection on File in MLS, ask your agent.

Last Agent to Sell the Property

David Price

Milwaukee Realty, Inc. License #51883-90 Listed on: 11/07/2024

Last Buyer's Agent

Lisa Aranda

First Weber Inc -NPW License #41914-94

First Weber Inc -NPW

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,634

Year Built

  • Built in 2002

HOA Fees

  • $956 Monthly HOA Fees

Parking

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

Home Design

  • Brick Exterior Construction
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 1,759 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Access To Lake

Utilities

  • Multiple cooling system units
  • Multiple Heating Units
  • Forced Air Heating System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • Radiant Heating System

Community Details

Overview

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

Amenities

  • Elevator

Recreation

  • Exercise Course
  • Trails

Pet Policy

  • Pets Allowed

Security

  • Building Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,634

Year Built

Built in 2002

Lot Details

0

HOA Fees

$956 per month

Parking

1

Listing Details

  • Prop. Type: Condo
  • Inclusions: REFRIDGERATOR, STOVE, WASHER AND DRYER
  • Directions: Prospect is a one way Street heading north from Ogden to address
  • New Construction: No
  • Year Built: 2002
  • AssociationCommonAmenities: Clubhouse, Common Green Space, Elevator, Exercise Room, Security, Walking Trail
  • CondoFeeMonthly: 956.0
  • CondoUnitType: 1 Story
  • Full Street Address: 1522 N Prospect AVENUE #405
  • 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: Cooktop, Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer
  • Has Basement: Full
  • 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: 13
  • Second Floor Total Sq Ft: 1759.00

Exterior Features

  • Exterior Building Type: Highrise: 6+ Stories
  • Exterior: Brick, Brick/Stone, Stone, Wood

Garage/Parking

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

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: residential

Tax Info

  • Tax Year: 2023
  • Total Taxes: 11634.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2024
Closed on
Jan 30, 2025
Sold by
Doyle Patrick and Doyle Lauren
Bought by
Schuerman Theodore J and Schuerman Debra A
Seller's Agent
David Price
Milwaukee Realty, Inc.
Buyer's Agent
Lisa Aranda
First Weber Inc -NPW
List Price
$639,000
Sold Price
$640,000
Premium/Discount to List
$1,000
0.16%
Views
44
Current Estimated Value
$659,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,680
Avg. Annual Appreciation
-2.02%
Original Mortgage
$550,000
Outstanding Balance
$549,045
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$82,914

Purchase Details

Closed on
May 28, 2020
Sold by
Roth Howard G and Roth Beverly J
Bought by
Doyle Patrick and Doyle Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,000
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2010
Sold by
Roth Howard G and Roth Beverly J
Bought by
Roth Howard G and Roth Beverly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2004
Sold by
Roth Howard G and Roth Beverly J
Bought by
Roth Howard G and Roth Beverly J

Purchase Details

Closed on
Mar 27, 2003
Sold by
1522 Partners Llc
Bought by
Roth Howard G and Roth Beverly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.95%
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
Deed $640,000 None Listed On Document
Condominium Deed $495,000 None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Condominium Deed $338,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $550,000 New Conventional
Previous Owner $396,000 New Conventional
Previous Owner $231,500 New Conventional
Previous Owner $236,000 New Conventional
Previous Owner $240,000 New Conventional
Previous Owner $244,500 Unknown
Previous Owner $264,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $640,000 +0.2% $364 / Sq Ft
01/22/2025 01/22/25 Pending -- -- --
11/08/2024 11/08/24 For Sale $639,000 0.0% $363 / Sq Ft
11/08/2024 11/08/24 Off Market $639,000 -- --
11/07/2024 11/07/24 For Sale $639,000 -- $363 / 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 $12,625 $566,700 $17,300 $549,400
2023 $11,971 $506,600 $17,300 $489,300
2022 $11,748 $506,600 $17,300 $489,300
2021 $10,785 $422,500 $17,300 $405,200
2020 $10,797 $422,500 $17,300 $405,200
2019 $11,604 $455,000 $17,300 $437,700
2018 $11,543 $455,000 $17,300 $437,700
2017 $10,090 $377,000 $14,400 $362,600
2016 $10,862 $386,000 $14,400 $371,600
2015 -- $356,000 $14,400 $341,600
2014 -- $358,200 $14,400 $343,800
2013 -- $358,200 $14,400 $343,800
Source: Public Records

Agents Affiliated with this Home

  • David Price

    Seller's Agent in 2025

    David Price

    Milwaukee Realty, Inc.

    (414) 975-9059

    22 in this area

    87 Total Sales

    David Price
    Section Image

  • L

    Buyer's Agent in 2025

    Lisa Aranda

    First Weber Inc -NPW

    (414) 617-4184

    7 in this area

    52 Total Sales

    Lisa Aranda
    Section Image
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About 1522 On the Lake

Map

Source: Metro MLS

MLS Number: 1898717

Metro MLS

APN: 359-1466-000-7

Wisconsin Milwaukee County Milwaukee 53202 Lower East Side

1522 N Prospect Ave Unit 405, Milwaukee, WI

This home is located at 1522 N Prospect Ave Unit 405, Milwaukee, WI 53202 and is currently priced at $640,000, approximately $363 per square foot. This property was built in 2002. 1522 N Prospect Ave Unit 405 is a home located in Milwaukee County with nearby schools including Cass Street School, Milwaukee German Immersion School, and Craig Montessori 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.

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