NOT LISTED FOR SALE

1556 Church St Stevens Point, WI 54481

Estimated Value: $210,000 - $256,000

5 Beds
4 Baths
2,622 Sq Ft
$88/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $224,000 $85 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,275/month

18 Days on Market

Highlights

  • Porch
  • Forced Air Heating System
  • Baseboard Heating
  • Brick or Stone Mason
  • Ceiling Fan
  • Carpet

About This Home

As of June 2024

Very nice older brick 4-plex in the heart of Stevens Point. Fully leased & great rental history. Each unit has separate utilities which are paid by the tenant, and owner pays sewer and water expenses. Very nice units with lots of updates. The roof is about 8 years old, off-street parking, and building has updated plumbing, heating & electrical. The forced air furnace is about 6 years old and serves just apartment #2. The other 3 units have electric heat. Some bathroom remodeling was done in 2016 and the front porch concrete was re-built in 2016. Windows in the house are approximately 11 years old. Located just about a mile from the university. Currently managed by a local leasing company. Just buy it and start collecting rent! This is an amazing opportunity to own a very nice 4-unit apartment building at a very affordable price.

Last Agent to Sell the Property

DAVID DETTMANN

COLDWELL BANKER ACTION License #29423-94 Listed on: 04/28/2024

COLDWELL BANKER ACTION

Last Buyer's Agent

Heidi Mancheski

FIRST WEBER License #58444-90

FIRST WEBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $41

Year Built

  • Built in 1900

Lot Details

  • 7,579

Home Design

  • Quadruplex
  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2,622 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Carpet
  • Fire and Smoke Detector
  • Range

Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Parking

  • Common or Shared Parking
  • Driveway
  • Paved Parking
  • Outside Parking
  • Off-Street Parking

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Separate Meters
  • Individual Gas Meter
  • Natural Gas Water Heater

Additional Features

  • Porch
  • Lot Dimensions are 60x126

Community Details

  • 4 Units
  • Net Operating Income $24,060

Listing and Financial Details

  • Assessor Parcel Number 281-24-0832100912

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$41

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Additional Remarks: Seller requests buyer to view photo's and video provided by Listing Agent and to submit a written offer prior to scheduling a showing. Offer may be contingent upon buyers viewing property and buyer may cancel offer if property does not meet buyers expectations after viewing property in person.
  • Class: Multi-Family
  • Lvt Date: 04/30/2024
  • Municipality: Stevens Point, City of
  • Style: 2 Story
  • Type: Fourplex
  • Year Built: 1900
  • Construction: Brick
  • Geo Subdivision: WI
  • Finished Above Grade Sq Ft: 2622
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Yes
  • Interior: Ceiling Fan(s), Smoke Detector, Window Treatments, Carpet
  • Basement Type: Full, Stone

Exterior Features

  • Roof: Shingle
  • Patio Deck: Porch

Garage/Parking

  • Parking: Driveway Entrance, Gravel, Off Street, Outdoor Space, Outside, Shared

Utilities

  • Fuel Type: Electric, Natural Gas
  • Heat Type: Forced Air, Baseboard
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Electric, Natural Gas
  • Water: Meter (s)
  • Electricity: Separate Meter
  • Gas: Separate Meter
  • Sewer Included: Y
  • Separate Electricity: Y
  • Separate Heat: Y
  • Utilities Sewer: Y
  • Water: Y
  • Water Included: Y

Schools

  • School District: Stevens Point
  • Wausau Area School Dist: Stevens Point

Lot Info

  • Lot Size: 60x126
  • Zoning: Multi-Family
  • Present Use: Rental
  • Geo Address Line: 1556 Church St
  • Geo Primary City: Stevens Point
  • Geo Quality: 0.95
  • Geo Zoom Level: 16

Rental Info

  • Annual Rent: 2105

Tax Info

  • Tax Amount: $3,939
  • Assessor Parcel Number: 281-24-0832100912
  • Tax Year: 2023

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2024
Closed on
Jun 26, 2024
Sold by
Pine Wood Apartments Llc
Bought by
Lobner Travis J and Charnecke Emily A
Seller's Agent
DAVID DETTMANN
COLDWELL BANKER ACTION
Buyer's Agent
Heidi Mancheski
FIRST WEBER
List Price
$229,000
Sold Price
$224,000
Premium/Discount to List
-$5,000
-2.18%
Views
27
Current Estimated Value
$230,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,273
Avg. Annual Appreciation
2.50%
Original Mortgage
$191,000
Outstanding Balance
$189,563
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$40,710
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 Buyer Sale Price Title Company
Lobner Travis J $224,000 Mcdonald Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lobner Travis J $191,000
Previous Owner Pine Wood Apartments Llc $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $224,000 -2.2% $85 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
04/28/2024 04/28/24 For Sale $229,000 -- $87 / Sq Ft
Source: Central Wisconsin Multiple Listing Service

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 $41 $213,000 $20,800 $192,200
2023 $0 $213,000 $20,800 $192,200
2022 $3,321 $130,500 $16,600 $113,900
2021 $3,225 $130,500 $16,600 $113,900
2020 $3,207 $130,500 $16,600 $113,900
2019 $3,186 $130,500 $16,600 $113,900
2018 $2,968 $130,500 $16,600 $113,900
2017 $2,849 $130,500 $16,600 $113,900
2016 $2,740 $112,200 $7,700 $104,500
2015 $2,756 $112,200 $7,700 $104,500
2014 $2,685 $112,200 $7,700 $104,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 22401616

Central Wisconsin Multiple Listing Service

APN: 281-24-0832100912