$192,500
$57K PRICE DROP

217 W Cherry St Lancaster, WI 53813

Estimated payment $1,137/month

Total Views 13,529
-- Bed
-- Bath
2,300 Sq Ft
$84 Price per Sq Ft

Highlights

  • Wood Flooring
  • Den
  • Forced Air Heating System
  • Winskill Elementary School Rated 9+
  • Eat-In Kitchen
  • Washer and Dryer

About This Home

This 3 unit income property in downtown Lancaster has a commercial space on the main level & 2 residential units on the upper w/nice wood floors. This is a solid brick building & has been well maint w/numerous updates, incl furnace, plumbing, electrical, flooring, etc. The main level space is vacant & could be used for numerous purposes. It has a full bath, an office, as well as a lg storage area. Lg display windows & is very clean. There's a 1 bd unit upstairs occupied, m-to-m. That unit has an open concept w/a nice kit area, liv rm & din area. There is a nice bathroom w/laundry. The other upper space is an efficiency unit w/a full ba, currently vacant. All appl are incl. Rents have been $650-comm unit. $800-effic unit & $1000-1 bd unit. Seller pays utilities. Fl basement for storage.

Listing Agent

Scott Schroeder

RE/MAX Preferred Brokerage Phone: 608-617-2727 License #59137-90 Listed on: 03/15/2025

RE/MAX Preferred

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,339

Year Built

  • Built in 1890

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Den
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Laundry

  • Laundry in unit
  • Washer and Dryer

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 6 Open Parking Spaces
  • Outside Parking

Schools

  • Call School District Elementary School
  • Lancaster Middle School
  • Lancaster High School

Additional Features

  • 2,614 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 246-00181-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,339

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Municipality: Lancaster
  • Status Detail: Active
  • Mailing City: Lancaster
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story
  • Items Excluded: Personal property of seller
  • Items Included: 2 refrigerators, 2 stoves, 1 washer, 1 dryer
  • Year Built: 1890
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Sump pump
  • Number Dryers: 1
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 1
  • Number Water Heaters: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

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

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Outside

Schools

  • School District: Lancaster
  • Elementary School: Call School District
  • Middle School: Lancaster
  • High School: Lancaster
  • Elementary School: Call School District
  • High School: Lancaster
  • Middle School: Lancaster
  • School District: Lancaster

Lot Info

  • Estimated Aces: 0.06
  • Zoning: res/comm
  • Geo Subdivision: WI

Tax Info

  • Land Assessment: 13100
  • Improvements: 76000
  • Total Assessment: 89100
  • Assessment year: 2024
  • Net Taxes: 1339
  • Tax Year: 2024
  • Assessor Parcel Number: 246-00181-0000

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of Efficiencies: 1
  • Number Of Units: 3

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,339 $89,100 $13,100 $76,000
2023 $1,309 $89,100 $13,100 $76,000
2022 $1,239 $89,100 $13,100 $76,000
2021 $1,317 $67,400 $13,100 $54,300
2020 $1,290 $67,400 $13,100 $54,300
2019 $1,378 $67,400 $1,310 $5,430
2018 $1,380 $67,400 $13,100 $54,300
2017 $1,299 $67,400 $13,100 $54,300
2016 $1,291 $67,400 $13,100 $54,300
2015 $1,329 $67,400 $13,100 $54,300
2014 $1,347 $67,400 $13,100 $54,300
2013 $1,352 $67,400 $13,100 $54,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2025 09/09/25 Price Changed $192,500 -1.3% $84 / Sq Ft
08/06/2025 08/06/25 Price Changed $195,000 -1.5% $85 / Sq Ft
07/12/2025 07/12/25 Price Changed $198,000 -0.5% $86 / Sq Ft
06/21/2025 06/21/25 Price Changed $199,000 -0.5% $87 / Sq Ft
06/10/2025 06/10/25 Price Changed $199,900 -18.4% $87 / Sq Ft
06/02/2025 06/02/25 Price Changed $245,000 -1.0% $107 / Sq Ft
05/15/2025 05/15/25 Price Changed $247,500 -0.6% $108 / Sq Ft
04/24/2025 04/24/25 Price Changed $249,000 -0.3% $108 / Sq Ft
03/28/2025 03/28/25 Price Changed $249,700 -0.1% $109 / Sq Ft
03/15/2025 03/15/25 For Sale $249,900 -- $109 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Land Contract $65,000 --
Source: Public Records

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1995302

South Central Wisconsin Multiple Listing Service

APN: 246-00181-0000