NOT LISTED FOR SALE

1616 Main St Stevens Point, WI 54481

Estimated Value: $273,000 - $286,000

8 Beds
2 Baths
1,984 Sq Ft
$140/Sq Ft Est. Value

Last Sold December 09, 2022

Last sale price $240,000 $121 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,547/month

2 Days on Market

Highlights

  • Forced Air Heating System
  • Coin Laundry
  • 1-minute walk to Standing Rock Park

About This Home

As of December 2022

Excellent WEALTH-BUILDING opportunity! This 8-bedroom, 2-bath student rental offers a PRIME LOCATION close to the UWSP campus and downtown. Property is licensed for 8 and has great cash flow with annual income of $27,053.50 for the current lease through May 2023, and an annual income of $27,090 for the new lease through May 2024! Main Level features a spacious kitchen with 2 refrigerators, coin-op washer and dryer located by the back entryway, full bath with stall shower, large living room with original hardwood floors, and 2 bedrooms. Upper Level features 6 additional bedrooms and a 2nd full bath with stall shower. There's plenty of extra storage space in the full basement and ample parking space for tenants out back. Per Seller, roof shingles were replaced in 2018 and new water heater was installed in 2016. Great rental history! Tenants are responsible for all utilities and snow removal. Some photos are from when the property was vacant. Schedule your showing today to make this investment the newest addition to your portfolio!

Last Listed By

Natalie Aneskavich

LAKELAND REAL ESTATE LLC License #57679-90 Listed on: 11/08/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $52

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50x132

Home Design

  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1,984 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector
  • Range

Utilities

  • Forced Air Heating System
  • Master Meter
  • Natural Gas Water Heater

Community Details

  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 281-24-0832101911

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$52

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Lvt Date: 11/08/2022
  • Municipality: Stevens Point, City of
  • Style: 2 Story
  • Year Built: 1900
  • Construction: Vinyl
  • Geo Subdivision: WI
  • Below Grade Sq Ft: 1056
  • Finished Above Grade Sq Ft: 1984
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Yes
  • Interior: Smoke Detector
  • Basement Type: Full, Unfinished

Exterior Features

  • Roof: Shingle

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Natural Gas
  • Water: Meter (s)
  • Electricity: Master Meter
  • Gas: Master Meter
  • Laundry: Coin-Op Dryer, Coin-Op Washer

Lot Info

  • Lot Size: 50x132
  • Zoning: Multi-Family
  • Geo Address Line: 1616 Main St
  • Geo Primary City: Stevens Point
  • Geo Quality: 0.95
  • Geo Zoom Level: 16

Rental Info

  • Annual Rent: 27090

Tax Info

  • Assessor Parcel Number: 281-24-0832101911

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 18, 2024
Sold by
San Dha Properties Llc
Bought by
San Dha Main Street Properties Llc
Total Days on Market
2
Current Estimated Value
$278,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Outstanding Balance
$29,897
Interest Rate
6.79%
Mortgage Type
Credit Line Revolving
Estimated Equity
$248,563

Purchase Details

Closed on
Jun 10, 2024
Sold by
Sandhu Manprabodh Singh and Dhalla Hardeep Kaur
Bought by
San Dha Properties Llc

Purchase Details

Listed on
Nov 8, 2022
Closed on
Dec 9, 2022
Sold by
Isberner Kenneth H
Bought by
Sandhu Manprabodh Singh
Seller's Agent
Natalie Aneskavich
LAKELAND REAL ESTATE LLC
Buyer's Agent
Ashley Netzer
HOMEPOINT REAL ESTATE LLC
List Price
$234,900
Sold Price
$240,000
Premium/Discount to List
$5,100
2.17%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.36%
Original Mortgage
$192,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2019
Sold by
Acorn Tree Properties Llc
Bought by
Isberner Kenneth H

Purchase Details

Closed on
Oct 10, 2019
Sold by
Isberner Kenneth H
Bought by
Acorn Tree Properties Llc

Purchase Details

Listed on
Aug 21, 2014
Closed on
Oct 8, 2014
Sold by
Gaboda Anthony M And Rebecca Anthony M And Rebecca and Gaboda Rebecca Anthony M
Bought by
1616 Main Street, Llc
Seller's Agent
Mike Yokers
FIRST WEBER
Buyer's Agent
Noah Eschenbauch
HOMEPOINT REAL ESTATE LLC
List Price
$189,900
Sold Price
$182,500
Premium/Discount to List
-$7,400
-3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.07%

Range of Values:

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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
San Dha Main Street Properties Llc -- None Listed On Document
San Dha Properties Llc -- None Listed On Document
Sandhu Manprabodh Singh $240,000 Guaranty Title
Isberner Kenneth H -- Mcdonald Law Office
Acorn Tree Properties Llc -- Lauterbach Michael J
1616 Main Street, Llc $182,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open San Dha Main Street Properties $30,000
Previous Owner Sandhu Manprabodh Singh $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/09/2022 12/09/22 Sold $240,000 +2.2% $121 / Sq Ft
11/08/2022 11/08/22 For Sale $234,900 +14.6% $118 / Sq Ft
06/19/2018 06/19/18 Sold $205,000 -2.3% --
04/20/2018 04/20/18 For Sale $209,900 +15.0% --
10/08/2014 10/08/14 Sold $182,500 -3.9% --
09/06/2014 09/06/14 Pending -- -- --
08/21/2014 08/21/14 For Sale $189,900 -- --
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 $52 $271,600 $18,200 $253,400
2023 $0 $271,600 $18,200 $253,400
2022 $4,629 $181,000 $14,900 $166,100
2021 $4,495 $181,000 $14,900 $166,100
2020 $4,471 $181,000 $14,900 $166,100
2019 $4,442 $181,000 $14,900 $166,100
2018 $4,139 $181,000 $14,900 $166,100
2017 $3,971 $181,000 $14,900 $166,100
2016 $3,291 $134,300 $13,100 $121,200
2015 $3,310 $134,300 $13,100 $121,200
2014 $3,224 $134,300 $13,100 $121,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 22205520

Central Wisconsin Multiple Listing Service

APN: 281-24-0832101911