NOT LISTED FOR SALE

Edgewater Terrace 1707 N Prospect Ave Unit 16C Milwaukee, WI 53202

Lower East Side Neighborhood

Estimated Value: $157,000 - $193,000

1 Bed
1 Bath
650 Sq Ft
$514/mo HOA Fee

Highlights

  • Water Views
  • Access To Lake
  • Main Floor Primary Bedroom
  • Golda Meir School Rated A-
  • Clubhouse
  • Elevator

About This Home

Talk about an amazing location, corner of Brady street and prospect, and just across street from path to the lakefront. 16th floor (top floor of units) corner unit with fantastic views of lakefront and the city. 3 rooftop decks and a Solarium just one floor above. This 1 bed, 1 bath updated condo has been exquisite remodel with new flooring, paint, light fixtures and a full bathroom rehab. Unit feels very bright and cheery with neutral decor and open feel. Restaurants and shopping are only steps away or take an easy stroll to the lakefront. Heat, central air, water and sewer included in dues! Pets allowed. One underground heated parking space. 2 laundry facilities with one of them being located directly above unit, just easy walk up or by elevator. Secure, quiet building in a great spot.

Last Agent to Sell the Property

Medina Real Estate Team*

Keller Williams Realty-Milwaukee Southwest Brokerage Phone: 262-599-8980 License #78624-94 Listed on: 07/26/2023

Last Buyer's Agent

Hoffmann Team*

RE/MAX Lakeside-South License #54807-94

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,220

Year Built

  • Built in 1967

Lot Details

  • 218

HOA Fees

  • $514 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Heated Garage
  • Garage Door Opener
  • 1 to 5 Parking Spaces

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 650 Sq Ft Home
  • 1-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom
  • Bathtub with Shower

Outdoor Features

  • Access To Lake

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Radiant Heating System
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Seller's personal property.

Community Details

Overview

  • 75 Units
  • High-Rise Condominium
  • Edgewater Terrace Condos

Amenities

  • Clubhouse
  • Laundry Facilities
  • Elevator

Pet Policy

  • Pets Allowed

Building Details

  • Security

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,220

Year Built

Built in 1967

Lot Details

0

HOA Fees

$514 per month

Parking

1

Listing Details

  • Prop. Type: Condo
  • Inclusions: Oven/Range; Refrigerator; Disposal; Dishwasher.
  • Directions: Corner of Prospect and Brady.
  • New Construction: No
  • Year Built: 1967
  • AssociationCommonAmenities: Clubhouse, Elevator, Laundry Facilities, Security
  • CondoFeeMonthly: 514.0
  • CondoUnitType: 1 Story
  • Full Street Address: 1707 N Prospect AVENUE #16C
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Municipality Type: City
  • Property Water Features: Lake, View of Water
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Disposal, Oven, Range, Refrigerator
  • Has Basement: Full
  • Interior Amenities: Cable/Satellite Available, High Speed Internet, Storage Lockers
  • Bathroom Description: Shower Over Tub
  • Dining Room Dining Room Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 9
  • Second Floor Total Sq Ft: 650.00

Exterior Features

  • Exclusions: Seller's personal property.
  • Exterior Building Type: Highrise: 6+ Stories
  • Exterior: Brick, Brick/Stone

Garage/Parking

  • Parking Features:Workshop in Garage: Attached, Heated, Opener Included, Underground, 1 Car
  • Garage Spaces: 1.0
  • Garage/Parking: 1 Space, Assigned

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Association/Amenities

  • Condominium Name: Edgewater Terrace
  • Association Pet Rules:Pets Permitted: Yes

Condo/Co-op/Association

  • Number Units In Association: 75

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: Residential

Tax Info

  • Tax Year: 2022
  • Total Taxes: 3219.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2023
Closed on
Sep 14, 2023
Sold by
Monfre Jessica
Bought by
Hutson Michael and Hutson Erika
Seller's Agent
Medina Real Estate Team*
Keller Williams Realty-Milwaukee Southwest
Buyer's Agent
Hoffmann Team*
RE/MAX Lakeside-South
List Price
$174,900
Sold Price
$177,000
Premium/Discount to List
$2,100
1.2%
Views
265
Current Estimated Value
$171,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,003
Avg. Annual Appreciation
-1.34%
Original Mortgage
$141,600
Outstanding Balance
$138,669
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$33,328

Purchase Details

Closed on
Aug 14, 2020
Sold by
Gargulak Kristy J
Bought by
Monfre Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2018
Sold by
Sutchliffe Teresa Valena
Bought by
Gargulak Kristy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,800
Interest Rate
4.5%

Purchase Details

Closed on
Apr 23, 2018
Sold by
The Sutcliffe Family Trust
Bought by
Sutcliffe Teresa Valena

Purchase Details

Closed on
Sep 4, 2015
Sold by
Schiller Lynn E
Bought by
Sutcliffe Family Trust
Source: Public Records

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
Hutson Michael $177,000 None Listed On Document
Monfre Jessica $150,000 None Available
Gargulak Kristy J $121,000 None Available
Sutcliffe Teresa Valena -- None Available
Sutcliffe Family Trust $110,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hutson Michael $141,600
Previous Owner Monfre Jessica $145,500
Previous Owner Gargulak Kristy J $96,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2023 09/24/23 Off Market $174,900 -- --
08/17/2023 08/17/23 For Sale $174,900 0.0% $269 / Sq Ft
08/14/2023 08/14/23 Pending -- -- --
07/26/2023 07/26/23 For Sale $174,900 -- $269 / 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 $3,129 $140,300 $6,800 $133,500
2023 $3,268 $138,300 $6,800 $131,500
2022 $3,220 $138,300 $6,800 $131,500
2021 $3,146 $122,400 $6,800 $115,600
2020 $3,128 $122,400 $6,800 $115,600
2019 $3,094 $117,100 $6,800 $110,300
2018 $2,963 $117,100 $6,800 $110,300
2017 $2,831 $106,400 $6,800 $99,600
2016 $2,979 $106,400 $6,800 $99,600
2015 -- $106,400 $6,800 $99,600
2014 -- $94,700 $6,800 $87,900
2013 -- $94,700 $6,800 $87,900
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Medina Real Estate Team*

    Keller Williams Realty-Milwaukee Southwest

  • H

    Buyer's Agent in 2023

    Hoffmann Team*

    RE/MAX

See All Agents

About Edgewater Terrace

Map

Source: Metro MLS

MLS Number: 1843945

Metro MLS

APN: 355-1343-100-5

Wisconsin Milwaukee County Milwaukee 53202 Lower East Side

1707 N Prospect Ave Unit 16C, Milwaukee, WI

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