NOT LISTED FOR SALE

1659 Grand Ave Schofield, WI 54476

Estimated Value: $195,000 - $240,000

4 Beds
2 Baths
2,031 Sq Ft
$109/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $145,000 $71 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $1,360/month

49 Days on Market

Highlights

  • 2 Car Detached Garage
  • Porch
  • Forced Air Heating System
  • D.C. Everest Junior High School Rated 9+

About This Home

As of October 2021

Investors take note! Here is an awesome investment property hitting the market. This upper lower duplex has been well taken care of by the seller. Roof was redone in 2020. Furnace and most of the windows in the property are all newer. When the seller first bought the property, a mason dug down about 10 feet down around the entire foundation and re-mortared the entire foundation. The basement of this property has never had a water issue! Lower-level tenant pays $725 a month in rent. Lower level is a spacious 2-bedroom 1 bathroom unit that is still in good condition. The lower level could use some cosmetic updates, but it is still a solid well-maintained unit. There is a verbal agreement between the lower-level tenant and the seller that the tenant pays the seller $25 towards the heat and water bill every month. The upper unit has been redone by the seller and needs no work at all. The current upper tenant pays $625 a month in rent and both tenants are in year long leases. Laundry hook ups for both the upper and lower units are available in each unit. No shared laundry space.

Last Agent to Sell the Property

Jake Rybarczyk

COLDWELL BANKER ACTION License #80454-94 Listed on: 07/26/2021

COLDWELL BANKER ACTION

Last Buyer's Agent

BEN STRAUB

FIRST WEBER License #91679-94

FIRST WEBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 150x66

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 2,031 Sq Ft Home
  • 2-Story Property
  • Range
  • Washer and Dryer Hookup

Basement

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

Parking

  • 2 Car Detached Garage
  • Parking Garage Space

Outdoor Features

  • Porch

Utilities

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

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 28128071349992

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Additional Remarks: There is a 2-car garage as well that is shared by the tenants. Everything considered with this property a person just needs to walk through and buy the place in order to start making money. All the major projects have been taken care of for you all you need to do is start collecting rent. Call today for your own personal showing before this amazing investment opportunity slips away.
  • Class: Multi-Family
  • Municipality: Schofield, City of
  • Style: 2 Story
  • Type: Duplex
  • Year Built: 1950
  • Construction: Vinyl
  • Geo Subdivision: WI
  • Finished Above Grade Sq Ft: 2031
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Yes
  • Basement Type: Full, Stone

Exterior Features

  • Roof: Shingle
  • Patio Deck: Porch

Garage/Parking

  • Garage Capacity: 2
  • Parking: 2 Space
  • Garage: Common Garage, Detached

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Natural Gas
  • Water: Meter (s)
  • Electricity: Separate Meter
  • Gas: Master Meter
  • Laundry: Hook-up in All
  • Utilities Heat Included: Y
  • Separate Electricity: Y
  • Water Included: Y

Schools

  • Wausau Area School Dist: D C Everest

Lot Info

  • Acreage: .23
  • Lot Size: 150X66
  • Zoning: Multi-Family
  • Geo Address Line: 1659 Grand Ave
  • Geo Primary City: Schofield
  • Geo Quality: 0.95

Tax Info

  • Tax Amount: $2,189
  • Assessor Parcel Number: 28128071349992
  • Tax Year: 2020

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Oct 29, 2021
Sold by
Ermeling Kathie L
Bought by
Straub Brothers Investments Group Llc
Seller's Agent
Jake Rybarczyk
COLDWELL BANKER ACTION
Buyer's Agent
BEN STRAUB
FIRST WEBER
List Price
$155,000
Sold Price
$145,000
Premium/Discount to List
-$10,000
-6.45%
Current Estimated Value
$220,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,667
Avg. Annual Appreciation
10.13%
Original Mortgage
$116,000
Outstanding Balance
$105,203
Interest Rate
3.01%
Mortgage Type
Commercial
Estimated Equity
$115,464

Purchase Details

Closed on
Nov 30, 2020
Sold by
Ermeling Arlington C
Bought by
Ermeling Kathie L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Straub Brothers Investments Group Llc $145,000 County Land & Title
Ermeling Kathie L -- County Land & Title
Ermeling Kathie L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Straub Brothers Investments Group Llc $116,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $145,000 -6.5% $71 / Sq Ft
07/26/2021 07/26/21 For Sale $155,000 -- $76 / Sq Ft
Source: Central Wisconsin Multiple Listing Service

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
2025 $2,728 $165,800 $19,800 $146,000
2024 $2,543 $165,800 $19,800 $146,000
2023 $2,590 $127,900 $13,200 $114,700
2022 $2,771 $127,900 $13,200 $114,700
2021 $2,165 $100,700 $13,200 $87,500
2020 $2,190 $100,700 $13,200 $87,500
2019 $2,172 $88,400 $10,900 $77,500
2018 $2,111 $88,400 $10,900 $77,500
2017 $1,948 $88,400 $10,900 $77,500
2016 $1,885 $88,400 $10,900 $77,500
2015 $1,826 $88,400 $10,900 $77,500
2014 $1,884 $80,600 $15,500 $65,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 22104116

Central Wisconsin Multiple Listing Service

APN: 281-2807-134-9992

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