NOT LISTED FOR SALE

204 E Main St Reedsburg, WI 53959

21 Beds
25 Baths
-- Sq Ft
8,276 Sq Ft Lot

Last Sold July 15, 2021

Last sale price $1,600,000

Highlights

  • Open Floorplan
  • Eat-In Kitchen
  • Level Entry For Accessibility
  • Vaulted Ceiling
  • Home Security System
  • 3-minute walk to Reedsburg Parks & Recreation

About This Home

As of July 2021

Mixed-Use Multi-Family w/7-8 Commercial in the heart of downtown Reedsburg. Ideal location, convenient to everything produces long-term residential & commercial tenants. Unlimited potential includes current use as Multi-family/Mini-Mall,Office,Retail,Restaurant,Salon/Spa,Business Center,Hotel or could make an Assisted Living Facility. Residential includes 21-1BR & StudioApts. including fire alarms/sprinklers/escapes, baths w/handrails, 2 laundries, secured level-entrance & elevator, office, storage & spacious common area with beautiful atrium & gathering space. Commercial includes public lobbies, 2BAs & storage space, 2 add. in-unit BAs. Security Cameras. The Cornerstone is a focal point of the Reedsburg community & has been continuously refurbished & updated. Long term rents are updating. Recent improvements: Windows,GeothermalUnits,5HPWellPump,Apt.Heat&ACUnits, Tile/Carpet&Paint.

Last Agent to Sell the Property

Kara Sullivan

Evergreen Realty Inc License #54121-90 Listed on: 04/16/2021

Co-Listed By

Jeanne Olson

Evergreen Realty Inc License #34317-90

Last Buyer's Agent

Teri Bell

608 Real Estate LLC License #54680-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,340

Year Built

  • Built in 1896

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Stucco Exterior
  • Stone Exterior Construction

Interior Spaces

  • 3-Story Property
  • Elevator
  • Open Floorplan
  • Vaulted Ceiling

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Windows

Home Security

  • Home Security System
  • Fire Sprinkler System

Parking

  • 9 Open Parking Spaces
  • Driveway Level
  • On-Street Parking
  • Outside Parking

Accessible Home Design

  • Roll-in Shower
  • Grab Bar In Bathroom
  • Level Entry For Accessibility
  • Low Pile Carpeting

Schools

  • Call School District Elementary School
  • Webb Middle School
  • Reedsburg Area High School

Utilities

  • Central Air
  • Separate Meters
  • Individual Controls for Heating
  • Well
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 276-0971-00000

Community Details

Overview

  • 28 Units
  • City Of Reedsburg Original Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,340

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Municipality: Reedsburg
  • Status Detail: Sold
  • Mailing City: Reedsburg
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Barrier Free: Open floor plan, Ramped or level entrance, Roll-In Shower, Grab bars in bath, Level drive, Level lot, Width of hallways 36"+, Door openings 29" or more, Low pile or no carpeting
  • Items Excluded: Tenants Personal Property
  • Items Included: 21 Refrigerators, 21 Stoves, 21 PTAC Units, 2 Commercial Washers & 2 Commercial Dryers
  • Miscellaneous: Security system, Shared laundry, Elevator, Building Sprinkler System, Internet - Cable, Internet - Fiber Avail
  • Year Built: 1896
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Full size windows/Exposed, Walkout to yard, Finished, Partially finished
  • Number Dryers: 2
  • Number Furnaces: 4
  • Number Refrigerators: 21
  • Number Stoves: 21
  • Number Units W Ac: 21
  • Number Washers: 2
  • Number Water Heaters: 21

Exterior Features

  • Exterior: Brick, Stucco, Stone

Garage/Parking

  • Parking Stalls Outside: 9

Utilities

  • Water Waste: Municipal water, Municipal sewer, Well
  • Park Unit: Outside
  • Utilities: Separate elec meters

Schools

  • School District: Reedsburg
  • Elementary School: Call School District
  • Middle School: Webb
  • High School: Reedsburg Area
  • Elementary School: Call School District
  • High School: Reedsburg Area
  • Middle School: Webb
  • School District: Reedsburg

Lot Info

  • Estimated Aces: 0.19
  • Zoning: Commercial
  • Geo Subdivision: WI

Rental Info

  • Total Income: 178340

Tax Info

  • Land Assessment: 64000
  • Improvements: 525200
  • Total Assessment: 589200
  • Assessment year: 2020
  • Net Taxes: 12340
  • Tax Year: 2020
  • Assessor Parcel Number: 276-0971-00000

Multi Family

  • Number Of1 Bedrooms: 21
  • Number Of Units: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2021
Closed on
Jul 12, 2021
Sold by
Hgm Group Llc
Bought by
Adabell Reedsburg Llc
Seller's Agent
Kara Sullivan
Evergreen Realty Inc
Buyer's Agent
Teri Bell
608 Real Estate LLC
List Price
$1,700,000
Sold Price
$1,600,000
Premium/Discount to List
-$100,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Outstanding Balance
$1,162,464
Interest Rate
2.96%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 8, 2012
Sold by
Middleton Community Bank
Bought by
Hgm Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 27, 2007
Sold by
Bkb Llc
Bought by
Middleton Communtiy Bank
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
Adabell Reedsburg Llc $1,600,000 None Available
Hgm Group Llc $450,000 Dane County Title Company
Middleton Communtiy Bank $828,480 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adabell Reedsburg Llc $1,280,000
Previous Owner Hgm Group Llc $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $1,600,000 -5.9% --
04/16/2021 04/16/21 For Sale $1,700,000 -- --
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 $26,750 $1,642,400 $82,600 $1,559,800
2023 $12,832 $589,200 $64,000 $525,200
2022 $12,993 $589,200 $64,000 $525,200
2021 $12,047 $589,200 $64,000 $525,200
2020 $12,340 $589,200 $64,000 $525,200
2019 $11,624 $475,700 $69,000 $406,700
2018 $11,431 $475,700 $69,000 $406,700
2017 $11,091 $475,700 $69,000 $406,700
2016 $11,086 $475,700 $69,000 $406,700
2015 $11,115 $475,700 $69,000 $406,700
2014 $11,212 $475,700 $69,000 $406,700
Source: Public Records

Agents Affiliated with this Home

  • Kara Sullivan

    Seller's Agent in 2021

    Kara Sullivan

    Evergreen Realty Inc

    (608) 393-1639

    94 Total Sales

    Kara Sullivan
    Section Image
  • Jeanne Olson

    Seller Co-Listing Agent in 2021

    Jeanne Olson

    Evergreen Realty Inc

    (608) 963-7111

    48 Total Sales

    Jeanne Olson
    Section Image
  • Teri Bell

    Buyer's Agent in 2021

    Teri Bell

    608 Real Estate LLC

    (608) 354-2808

    12 Total Sales

    Teri Bell
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1906937

South Central Wisconsin Multiple Listing Service

APN: 276-0971-00000

Wisconsin Sauk County Reedsburg 53959

204 E Main St, Reedsburg, WI

This home is located at 204 E Main St, Reedsburg, WI 53959 since 16 April 2021. This property was built in 1896. 204 E Main St is a home located in Sauk County with nearby schools including Webb Middle School, Reedsburg Area High School, and St. Peter's Lutheran School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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