NOT LISTED FOR SALE

224 Clark St Pewaukee, WI 53072

Estimated Value: $629,785

-- Bed
-- Bath
3,328 Sq Ft
$189/Sq Ft Est. Value

Last Sold May 15, 2024

Last sale price $1,150,000 $346 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $3,901/month

2 Days on Market

About This Home

As of May 2024

Situated blocks away from Pewaukee Lake and local commerce, both investment buildings are two-story, four-units with two bedrooms in each offering a compelling mix of location and income potential, with $3,600 rental income a month per building. Each unit features 2 bedrooms, 1 bathroom, a living area, and an eat-in kitchen. The properties, sharing a driveway, sit on a large lot with a 4-car garage. Properties boasts significant updates, including a 5-year-old roofs, all new boilers, newer water heaters, new drain tile, and updated electrical systems, making them well-maintained and attractive investment opportunities. Price includes the sale of adjacent property MLS #1866685. Seller will only sell as a package. Price includes both properties.

Last Agent to Sell the Property

Rodolfo Garcia

RE/MAX Service First License #86176-94 Listed on: 03/06/2024

RE/MAX Service First

Last Buyer's Agent

Rodolfo Garcia

RE/MAX Service First License #86176-94 Listed on: 03/06/2024

RE/MAX Service First

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.29 Acre Lot

Home Design

  • 3,328 Sq Ft Home
  • Brick Exterior Construction
  • Poured Concrete

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Schools

  • Pewaukee Lake Elementary School
  • Asa Clark Middle School
  • Pewaukee High School

Listing and Financial Details

  • Exclusions: Tenant's and seller's personal property
  • Tenant pays for electricity, heat, gas
  • The owner pays for sewer, water, electric/public
  • Assessor Parcel Number PWV0899059

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.29
  • Inclusions: 4 refrigerators, 4 oven/ranges
  • Directions: See GPS.
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water, Electric/Public
  • Has Basement: Laundry Facilities, Poured Concrete, Walk Out/Outer Door, Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Tenant's and seller's personal property
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Near Public Transit, Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Elementary School: Pewaukee Lake
  • Junior High Dist: Pewaukee
  • High School: Pewaukee
  • Middle Or Junior School: Asa Clark

Lot Info

  • Lot Size Sq Ft: 12632.4
  • Parcel #: PWV0899059

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
May 15, 2024
Sold by
Lamb Robert I and Stone Mark W
Bought by
Clark Street Apartments Llc
Seller's Agent
Rodolfo Garcia
RE/MAX Service First
Buyer's Agent
Rodolfo Garcia
RE/MAX Service First
List Price
$1,150,000
Sold Price
$1,150,000
Views
8
Current Estimated Value
$629,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$520,215
Original Mortgage
$862,500
Outstanding Balance
$850,406
Interest Rate
6.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 2, 1998
Sold by
Ohlsson Lance D
Bought by
Lamb Robert I and Stone Mark W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,250
Interest Rate
6.88%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Clark Street Apartments Llc $1,150,000 None Listed On Document
Lamb Robert I $227,666 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Street Apartments Llc $862,500
Previous Owner Lamb Robert I $159,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2024 05/15/24 Sold $1,150,000 0.0% $346 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $1,150,000 -- $346 / 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 $7,220 $512,400 $95,500 $416,900
2023 $5,625 $374,100 $95,500 $278,600
2022 $5,205 $374,100 $95,500 $278,600
2021 $5,522 $374,100 $95,500 $278,600
2020 $5,912 $374,100 $95,500 $278,600
2019 $5,718 $374,100 $95,500 $278,600
2018 $6,164 $374,100 $95,500 $278,600
2017 $6,313 $374,100 $95,500 $278,600
2016 $8,097 $369,700 $106,000 $263,700
2015 $8,197 $369,700 $106,000 $263,700
2014 $7,324 $369,700 $106,000 $263,700
2013 $7,324 $369,700 $106,000 $263,700
Source: Public Records

Agents Affiliated with this Home

  • Rodolfo Garcia

    Seller's Agent in 2024

    Rodolfo Garcia

    RE/MAX

    (414) 810-8450

    2 in this area

    181 Total Sales

    Rodolfo Garcia
    Section Image
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Map

Source: Metro MLS

MLS Number: 1866683

Metro MLS

APN: PWV-0899-059

Wisconsin Waukesha County Pewaukee 53072

224 Clark St, Pewaukee, WI

Not Listed for Sale

MultiFamily

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