$309,000
SOLD OCT 18, 2024

203 E Main St Marshall, WI 53559

-- Bed
-- Bath
3,425 Sq Ft
0.38 Acres

Recently Sold

$90 Per Sq Ft

15% Below List Price

75 Days on Market

Highlights

  • River Front
  • Den
  • Laundry Room
  • Wood Flooring
  • Eat-In Kitchen
  • Water Softener is Owned

About This Home

As of October 2024

LOOKING FOR AN INVESTMENT PROPERTY? 3 UNIT MULTI FAMILY WITH EXCELLENT CURB APPEAL, LONG TERM TENANTS, AND SIGNIFICANT POSITIVE CASH FLOW FROM THE START! FULLY RENTED AT $2425 PER MONTH OR $29,100/ YEAR!. OLDER MULTI FAMILY BUILDING THAT SELLER HAS DONE SOME UPDATING TO INCLUDING NEW ROOF/WINDOWS/ 2 WATER SOFTENERS/2 WATER HEATERS AND SOME ELECTRICAL IMPROVEMENTS IN 2015. 2 NEW FURNACES IN 2017. 1 CAR GARAGE STALL PARKING PER UNIT WITH ADDITIONAL OFF STREET PARKING ONSITE. SEPARATE UTILITIES AND IN UNIT LAUNDRY FOR EACH UNIT. ALL OF THIS NESTLED ON A WATERFRONT LOT, CLOSE TO DOWNTOWN, SCHOOLS, EVEN LITTLE AMERRICKA FOR SUMMERTIME FUN.

Last Agent to Sell the Property

Scott Elert

RE/MAX Preferred Brokerage Email: scott@scottelert.com License #43011-94 Listed on: 06/06/2024

RE/MAX Preferred

Co-Listed By

Jay Boyd

RE/MAX Preferred Brokerage Email: scott@scottelert.com License #77595-94

Last Buyer's Agent

Nancy Barth

First Weber Inc License #87634-94

First Weber Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,859

Lot Details

  • 0.38 Acre Lot
  • River Front

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry Room
  • Washer and Dryer

Basement

  • Walk-Out Basement
  • Partial Basement
  • Shared Basement
  • Crawl Space

Parking

  • 6 Open Parking Spaces
  • 3 Covered Spaces
  • Outside Parking

Schools

  • Marshall Elementary And Middle School
  • Marshall High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener is Owned
  • High Speed Internet

Community Details

  • 3 Units
  • Net Operating Income $21,386

Listing and Financial Details

  • Assessor Parcel Number 0812-152-0183-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,859

Lot Details

0

Listing Details

  • Municipality: Marshall
  • Status Detail: Sold
  • Mailing City: Marshall
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Items Excluded: tenants personal items and furnishings, all window air conditioning units
  • Items Included: 3 stoves, 3 refrigerators, 2 dishwashers, 3 water softeners
  • Miscellaneous: Water Softener Owned, Internet - Cable
  • Noi Year: 2023
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Walkout to yard, Crawl space
  • Number Dish Washers: 2
  • Number Dryers: 3
  • Number Furnaces: 3
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Washers: 3
  • Number Water Heaters: 3
  • Number Water Softeners: 3

Exterior Features

  • Waterfront: Has actual water frontage, River
  • Waterfront: Yes
  • Lake/River: Maunesha
  • Exterior: Vinyl, Aluminum/Steel, Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 3
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, 2 stall garage, Detached, Outside
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Fee Information

  • Total Expenses: 7713

Schools

  • School District: Marshall
  • Elementary School: Marshall
  • Middle School: Marshall
  • High School: Marshall
  • Elementary School: Marshall
  • High School: Marshall
  • Middle School: Marshall
  • School District: Marshall

Lot Info

  • Estimated Aces: 0.379
  • Zoning: Residentia
  • Geo Subdivision: WI

Rental Info

  • Total Income: 29100

Tax Info

  • Land Assessment: 79500
  • Improvements: 140400
  • Total Assessment: 219900
  • Assessment year: 2023
  • Net Taxes: 4859
  • Tax Year: 2023
  • Assessor Parcel Number: 0812-152-0183-6

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Efficiencies: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Oct 18, 2024
Sold by
Midwest Property Management Of Southern and Lippitt Roger
Bought by
Koebke Dann and Koebke Shawn
Seller's Agent
Scott Elert
RE/MAX Preferred
Buyer's Agent
Nancy Barth
First Weber Inc
List Price
$365,000
Sold Price
$309,000
Premium/Discount to List
-$56,000
-15.34%
Total Days on Market
75
Views
181
Current Estimated Value
$344,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,742
Avg. Annual Appreciation
14.67%
Original Mortgage
$247,200
Outstanding Balance
$246,037
Interest Rate
6.35%
Mortgage Type
Credit Line Revolving
Estimated Equity
$99,205

Purchase Details

Listed on
Oct 15, 2012
Closed on
Dec 12, 2012
Sold by
Oak Bank
Bought by
Midwest Property Management Of Southern
Seller's Agent
Tim Krueger
RE/MAX Preferred
Buyer's Agent
Tim Krueger
RE/MAX Preferred
List Price
$139,900
Sold Price
$90,000
Premium/Discount to List
-$49,900
-35.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.96%
Original Mortgage
$72,000
Interest Rate
3.36%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 7, 2012
Sold by
Capital Enterprises Llc
Bought by
Oak Bank

Purchase Details

Closed on
Jan 9, 2012
Sold by
Capital Enterprises Llc
Bought by
Oak Bank

Purchase Details

Closed on
Sep 13, 2005
Sold by
Punzel Jason I
Bought by
Capital Enterprises Llc
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 Type Sale Price Title Company
Warranty Deed $309,000 None Listed On Document
Special Warranty Deed $90,000 Dane County Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Quit Claim Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $247,200 Credit Line Revolving
Previous Owner $1,239,673 Commercial
Previous Owner $160,291 Commercial
Previous Owner $72,000 Seller Take Back
Previous Owner $184,000 Unknown
Previous Owner $40,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $309,000 -11.7% $90 / Sq Ft
08/20/2024 08/20/24 Pending -- -- --
07/16/2024 07/16/24 Price Changed $349,900 -4.1% $102 / Sq Ft
06/06/2024 06/06/24 For Sale $365,000 +305.6% $107 / Sq Ft
12/12/2012 12/12/12 Sold $90,000 -35.7% $28 / Sq Ft
11/26/2012 11/26/12 Pending -- -- --
10/15/2012 10/15/12 For Sale $139,900 -- $43 / Sq Ft
Source: South 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 $5,430 $219,900 $79,500 $140,400
2023 $5,237 $219,900 $79,500 $140,400
2021 $4,425 $219,900 $79,500 $140,400
2020 $4,956 $219,900 $79,500 $140,400
2019 $4,931 $219,900 $79,500 $140,400
2018 $3,960 $160,600 $57,600 $103,000
2017 $4,040 $160,600 $57,600 $103,000
2016 $3,974 $160,600 $57,600 $103,000
2015 $3,973 $151,700 $57,600 $94,100
2014 -- $151,700 $57,600 $94,100
2013 $5,022 $165,500 $57,600 $107,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1978883

South Central Wisconsin Multiple Listing Service

APN: 0812-152-0183-6