NOT LISTED FOR SALE

The Sterling 1550 E Royall Place Milwaukee, WI 53202

Lower East Side Neighborhood

Estimated Value: $247,000 - $251,000

2 Beds
2 Baths
1,582 Sq Ft
218 Sq Ft Lot

Last Sold June 20, 2024

Last sale price $430,000 $272 Per Sq Ft

Est. 42% decrease in value since last sale

Current estimated payment $1,541/month

2 Days on Market

Highlights

  • Fitness Center
  • 24-Hour Security
  • Clubhouse
  • Golda Meir School Rated A-
  • Open Floorplan
  • Property is near public transit

About This Home

As of June 2024

Property Id: 1601990

Step into this stunning 8th-floor condo at The Sterling, perfectly positioned just moments away from the vibrant energy of Brady Street & North Avenue. With its close proximity to top restaurants, entertainment hotspots, lakefront attractions, & summer festivals, you'll never miss out on the action. Inside, this bright & airy unit boasts a spacious open-concept layout, ideal for modern living. The kitchen is a chef's dream, featuring sleek granite countertops, and stainless steel appliances. The large bedroom comes complete with a generous walk-in closet. Step out onto the private balcony to unwind while taking in the stunning city views. Plus, the balcony is equipped with a natural gas hookup, though propane grills are not permitted. Additional conveniences include in-unit laundry, a dedicated storage unit, and underground parking. This condo truly offers the best of city living with unbeatable amenities!
*Credit score of 650 or above is required
*Tenant responsible for all utilities

Last Agent to Sell the Property

Betsy Williamson

Keller Williams Realty-Milwaukee North Shore License #91903-94 Listed on: 05/03/2024

Keller Williams Realty-Milwaukee North Shore

Last Buyer's Agent

Marcus Auerbach

Keller Williams Realty-Milwaukee North Shore License #82189-94

Keller Williams Realty-Milwaukee North Shore

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,020

Lot Details

  • 218

Parking

  • 1 Car Attached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,582 Sq Ft Home
  • 1-Story Property
  • Open Floorplan

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Accessible Ramps
  • Property is near public transit

Listing and Financial Details

  • Exclusions: Seller's personal property
  • Assessor Parcel Number 3551625000

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include snow removal, common area maintenance, trash, replacement reserve, common area insur

Recreation

  • Fitness Center

Additional Features

  • Clubhouse
  • 24-Hour Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,020

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Condominium
  • Inclusions: Oven/Range, Refrigerator, Dishwasher, Microwave, Washer/Dryer, Gas Grill
  • Directions: North on Prospect Ave to Royall Pl. West on Royall Pl to home.
  • Unit Levels: One
  • General Property Information:Condominium Name: The Sterling
  • Property Information:Est Total Sq Ft: 1582
  • Special Features: None

Interior Features

  • Appliances: Range, Oven, Refrigerator, Dishwasher, Microwave, Washer, Dryer
  • Accessibility Features: Ramped or Level Entrance, Open Floor Plan, Full Bath on Main Level, Bedroom on Main Level, Laundry on Main Level
  • Has Basement: None
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Exclusions: Seller's personal property
  • Construction Type: Brick

Garage/Parking

  • Garage Spaces: 1
  • Garage Type: Attached

Utilities

  • Sewer: Municipal Sewer

Condo/Co-op/Association

  • Amenities: Elevator(s), Security, Near Public Transit, Clubhouse, Exercise Room
  • Association Fee: 370
  • Association: Yes

Fee Information

  • Association Fee Includes: Snow Removal, Common Area Maint, Trash, Replacement Reserve, Common Area Insur

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Parcel #: 3551625000

Tax Info

  • Tax Annual Amount: 9020.33
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2023
Sold by
Hermersmann Christina L
Bought by
Wavro Anne M
Current Estimated Value
$248,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$193,960
Outstanding Balance
$189,729
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$59,178

Purchase Details

Closed on
Nov 14, 2014
Sold by
Schade Michael
Bought by
Hermersmann Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,552
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2006
Sold by
Royal Sterling Llc
Bought by
Schade Eric

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,700
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wavro Anne M $242,500 None Listed On Document
Hermersmann Christina $168,000 None Available
Schade Eric $175,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wavro Anne M $193,960
Previous Owner Hermersmann Christina $159,552
Previous Owner Schade Eric $140,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2024 11/01/24 For Rent $1,800 0.0% --
10/08/2024 10/08/24 Off Market $1,800 -- --
06/20/2024 06/20/24 Sold $430,000 0.0% $272 / Sq Ft
05/03/2024 05/03/24 For Sale $429,900 -- $272 / 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 $8,778 $398,900 $4,600 $394,300
2023 $8,552 $361,900 $4,600 $357,300
2022 $8,302 $361,900 $4,600 $357,300
2021 $8,906 $351,000 $4,600 $346,400
2020 $8,926 $351,000 $4,600 $346,400
2019 $7,543 $295,800 $4,600 $291,200
2018 $7,587 $295,800 $4,600 $291,200
2017 $7,776 $287,500 $4,600 $282,900
2016 $7,588 $267,000 $4,600 $262,400
2015 -- $261,000 $4,600 $256,400
2014 -- $253,200 $4,600 $248,600
2013 -- $242,500 $4,600 $237,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Betsy Williamson

    Keller Williams Realty-Milwaukee North Shore

    (414) 550-0191

    3 in this area

    68 Total Sales

    Betsy Williamson
    Section Image
  • Marcus Auerbach

    Buyer's Agent in 2024

    Marcus Auerbach

    Keller Williams Realty-Milwaukee North Shore

    (262) 671-6868

    3 in this area

    191 Total Sales

    Marcus Auerbach
    Section Image
See All Agents

About The Sterling

Map

Source: Metro MLS

MLS Number: 1873355

Metro MLS

APN: 355-1630-000-9

Wisconsin Milwaukee County Milwaukee 53202 Lower East Side

1550 E Royall Place, Milwaukee, WI

Not Listed for Sale

Condos

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