NOT LISTED FOR SALE

1522 On the Lake 1522 N Prospect Ave Unit 503 Milwaukee, WI 53202

Lower East Side Neighborhood

Estimated Value: $587,000 - $644,000

2 Beds
2 Baths
1,826 Sq Ft
$966/mo HOA Fee

Last Sold October 03, 2024

Last sale price $558,000 $306 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,374/month

112 Days on Market

Highlights

  • Clubhouse
  • Exercise Course
  • Balcony
  • Walnut Grove Elementary School Rated A
  • Elevator
  • 2 Car Attached Garage

About This Home

As of October 2024

Now available is this UPDATED spacious two bedroom, two bathroom unit on Milwaukee's East Side! Open floor plan boasts beautiful dark wood floors, floor to ceiling windows, private balcony and kitchen with custom cabinets and high end appliances. Large primary bedroom with walk in closet and primary bedroom with walk-in spa shower. In-unit laundry. Walking distance to Oak Leaf Trail and the Lakefront! Amenities include; concierge, fitness center, community room with adjacent outdoor patio. Enjoy the fireworks and air show from the terrace overlooking the lakefront. One parking space (#75)is deeded & One Parking Space(#139) is rented and has been paid through 12/31/24. After that it is $145/month

Last Agent to Sell the Property

Chris Corley

Corley Real Estate License #56468-90 Listed on: 05/09/2024

Last Buyer's Agent

Dawn Wabiszewski

Wabi Realty LLC License #58572-90

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $12,297

Year Built

  • Built in 2002

HOA Fees

  • $966 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Heated Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,826 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub
  • Primary Bathroom includes a Walk-In Shower
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Outdoor Features

Utilities

  • Forced Air Heating and Cooling 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

Building Details

  • Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$12,297

Year Built

Built in 2002

Lot Details

0

HOA Fees

$966 per month

Parking

2

Listing Details

  • Prop. Type: Condo
  • Inclusions: All Appliances, All Window Treatments, Washer & Dryer
  • Directions: Prospect Avenue, just south of Brady St.
  • New Construction: No
  • Year Built: 2002
  • AssociationCommonAmenities: Clubhouse, Common Green Space, Elevator, Exercise Room, Security
  • CondoFeeMonthly: 966.0
  • CondoUnitType: 1 Story
  • Full Street Address: 1522 N Prospect AVENUE #503
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Municipality Type: City
  • Other Rm1 Level: Main
  • Other Rm1 Name: Foyer
  • 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, Walk-in closet(s), Wood or Sim.Wood Floors
  • Bathroom Description: Tub Only, Master Bedroom Bath: Walk-In Shower, Master Bedroom Bath, Shower Stall
  • Room Bedroom2 Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 13
  • Second Floor Total Sq Ft: 1826.00

Exterior Features

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

Garage/Parking

  • Parking Features:Workshop in Garage: Attached, Heated, Underground, 2 Car
  • Garage Spaces: 2.0
  • Garage/Parking: 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

  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: RM7

Tax Info

  • Tax Year: 2023
  • Total Taxes: 12296.89

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2024
Closed on
Sep 26, 2024
Sold by
Dermot Putnam Trust
Bought by
Hardwick Revocable Trust and Hardwick
Seller's Agent
Chris Corley
Corley Real Estate
Buyer's Agent
Dawn Wabiszewski
Wabi Realty LLC
List Price
$645,000
Sold Price
$558,000
Premium/Discount to List
-$87,000
-13.49%
Views
81
Current Estimated Value
$624,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,416
Avg. Annual Appreciation
9.74%
Original Mortgage
$446,400
Outstanding Balance
$441,804
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$182,612

Purchase Details

Closed on
Jun 22, 2020
Sold by
Mather Susan S
Bought by
The Dermont Putnam Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$395,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2017
Sold by
Reynolds Joann G and Roach John D
Bought by
Mather Susan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,385
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2012
Sold by
Schmitt Michael J and Schmitt Carolyn L
Bought by
Reynolds Joann G and Roach John D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
2.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2003
Sold by
1522 Partners Llc
Bought by
Schmitt Michael J and Schmitt Carolyn L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hardwick Revocable Trust $558,000 Knight Barry Title
The Dermont Putnam Trust $550,000 None Available
Mather Susan S $352,900 Knight Barry Title Inc
Reynolds Joann G $300,000 None Available
Schmitt Michael J $354,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardwick Revocable Trust $446,400
Previous Owner The Dermont Putnam Trust $395,000
Previous Owner Mather Susan S $229,385
Previous Owner Reynolds Joann G $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2024 10/03/24 Sold $558,000 -4.6% $306 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
07/31/2024 07/31/24 Price Changed $585,000 -2.3% $320 / Sq Ft
06/09/2024 06/09/24 Price Changed $599,000 -4.2% $328 / Sq Ft
05/31/2024 05/31/24 Price Changed $625,000 -3.1% $342 / Sq Ft
05/09/2024 05/09/24 For Sale $645,000 -- $353 / 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 $13,510 $593,100 $17,400 $575,700
2023 $12,368 $523,400 $17,400 $506,000
2022 $12,390 $523,400 $17,400 $506,000
2021 $11,081 $424,400 $17,400 $407,000
2020 $10,431 $424,400 $17,400 $407,000
2019 $9,968 $370,000 $17,400 $352,600
2018 $9,507 $370,000 $17,400 $352,600
2017 $10,288 $379,500 $14,500 $365,000
2016 $9,512 $334,000 $14,500 $319,500
2015 -- $329,000 $14,500 $314,500
2014 -- $299,400 $14,500 $284,900
2013 -- $299,400 $14,500 $284,900
Source: Public Records

Agents Affiliated with this Home

  • Chris Corley

    Seller's Agent in 2024

    Chris Corley

    Corley Real Estate

    (414) 708-6093

    16 in this area

    137 Total Sales

    Chris Corley
    Section Image

  • D

    Buyer's Agent in 2024

    Dawn Wabiszewski

    Wabi Realty LLC

    (414) 303-6008

    3 in this area

    79 Total Sales

    Dawn Wabiszewski
    Section Image
See All Agents

About 1522 On the Lake

Map

Source: Metro MLS

MLS Number: 1874495

Metro MLS

APN: 359-1470-000-9

Wisconsin Milwaukee County Milwaukee 53202 Lower East Side

1522 N Prospect Ave Unit 503, Milwaukee, WI

Not Listed for Sale

Condos

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.

Metro MLS 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.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2025 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes