NOT LISTED FOR SALE

2251 Imperial Ln Green Bay, WI 54302

Imperial Pride Neighborhood

Estimated Value: $1,438,000

8 Beds
4 Baths
12,960 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 28, 2024

Last sale price $1,242,000 $96 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $8,301/month

71 Days on Market

About This Home

As of February 2024

***Attention Investors*** Supply is low and Rental Demand is HIGH! Now is the best time to enter into rental investments or grow your portfolio. 2251 Imperial Ln & 2255 Imperial Ln are being sold together. These (2) 8 unit, brick apartment buildings feature private entrances, shared driveway with ample off-street parking. Coin laundry and storage lockers in basements. Each of the 16 units feature 810sq ft of living space, 2bd/1 bath. 2251 has a gas/central boiler with electric water heaters. 2255 has electric heat. Recent updates include roofs/2251 & 2255 (2019), central boiler/2251 serviced (2023), Four Units renovated (2023), New parking bumpers (2023). Priced below recent Appraised Value!

Last Agent to Sell the Property

Jan Kraetsch

Smart Move Realty, LLC License #90-50415 Listed on: 12/19/2023

Last Buyer's Agent

Matt Jorgenson

Keller Williams Green Bay License #90-59236

Keller Williams Green Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,846

Year Built

  • 1975

Lot Details

  • 0.38 Acre Lot

Parking

  • 16 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 12,960 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • 16 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,846

Year Built

1975

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Type: Multifamily (3+ Unit)
  • Stylebuilding Type: 2 Story, Apartment Building
  • Tax Municipality: Green Bay, City of
  • Total Units: 16
  • Unit Identifier: City of Green Bay
  • Remarks Public: ***Attention Investors*** Supply is low and Rental Demand is HIGH! Now is the best time to enter into rental investments or grow your portfolio. 2251 Imperial Ln & 2255 Imperial Ln are being sold together. These (2) 8 unit, brick apartment buildings feature private entrances, shared driveway with ample off-street parking. Coin laundry and storage lockers in basements. Each of the 16 units feature 810sq ft of living space, 2bd/1 bath. 2251 has a gas/central boiler with electric water heaters. 2255 has electric heat. Recent updates include roofs/2251 & 2255 (2019), central boiler/2251 serviced (2023), Four Units renovated (2023), New parking bumpers (2023). Priced below recent Appraised Value!
  • Tax Municipal Sub Area: Northeast Green Bay
  • Water Features Other: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Source Total Fin Sq Ft: Broker/Agent
  • Sq Ft Fin Above Grade Est: 12960
  • Sq Ft Total Fin Above And Below: 12960
  • Price Per Sq Ft: 95.83

Exterior Features

  • Exterior Finish Of Building: Brick
  • Foundation For Building: Poured Concrete

Garage/Parking

  • Number Of Total Parking Outside: 16
  • Building Parking: Outside

Utilities

  • Heating Cooling: Central A/C, Forced Air
  • Heating Fuel Type: Natural Gas
  • Number Of Ac Units: 16
  • Number Of Furnaces: 16
  • Number of Ranges: 16
  • Number Of Water Heaters: 16
  • Waste For Building: Municipal Sewer
  • Water For Building: Municipal Public Water
  • Monthly Water Expense: 1975

Schools

  • School District: Green Bay Area

Lot Info

  • Estimated Acres: 0.38
  • Zoning: Multi-Family(5+Units)
  • Geo Address Line: 2251 Imperial Ln
  • Geo Primary City: Green Bay
  • Geo Quality: 0.95
  • Geo Subdivision: WI
  • Geo Zoom Level: 16

Tax Info

  • Assessor Parcel Number: 21-3374 21-3375
  • Tax Net Amt: 8846
  • Tax Year: 2023

Multi Family

  • Number Of Dryers: 2
  • Number Of Refrigerators: 16
  • Number Of Washers: 2
  • Total Numberof Buildings: 2
  • Bedrooms: 2

MLS Schools

  • School District: Green Bay Area

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2023
Closed on
Feb 28, 2024
Sold by
Parkway Crossing Apartments Llc
Bought by
Langer Properties Llc
Seller's Agent
Jan Kraetsch
Smart Move Realty, LLC
Buyer's Agent
Matt Jorgenson
Keller Williams Green Bay
List Price
$1,495,000
Sold Price
$1,242,000
Premium/Discount to List
-$253,000
-16.92%
Views
18
Current Estimated Value
$1,438,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,000
Avg. Annual Appreciation
9.29%

Purchase Details

Closed on
Feb 21, 2023
Sold by
Prestige Investments Llc
Bought by
Parkway Crossing Apartments Llc

Purchase Details

Closed on
Dec 21, 2021
Sold by
He Bao Qin and The Bao Qin He And Tian You Ho
Bought by
Preston Invetsments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
3.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 9, 2019
Sold by
He Bao Qin and Hu Tian You
Bought by
He Bao Qin and Rlt You Hu Rlt
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
Langer Properties Llc -- --
Parkway Crossing Apartments Llc $1,445,000 Cassandra Haen
Preston Invetsments Llc $1,040,000 Liberty Title
He Bao Qin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Preston Invetsments Llc $10,000
Closed Langer Properties Llc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2024 02/28/24 Sold $1,242,000 -8.0% $96 / Sq Ft
02/28/2024 02/28/24 Pending -- -- --
01/24/2024 01/24/24 Price Changed $1,350,000 -5.3% $104 / Sq Ft
01/18/2024 01/18/24 Price Changed $1,425,000 -4.7% $110 / Sq Ft
12/19/2023 12/19/23 For Sale $1,495,000 -- $115 / Sq Ft
Source: REALTORS® Association of Northeast Wisconsin

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 $9,121 $461,300 $41,400 $419,900
2023 $8,847 $461,300 $41,400 $419,900
2022 $13,370 $461,300 $41,400 $419,900
2021 $8,035 $326,700 $58,500 $268,200
2020 $7,975 $326,700 $58,500 $268,200
2019 $8,094 $326,700 $58,500 $268,200
2018 $7,570 $326,700 $58,500 $268,200
2017 $7,375 $326,700 $58,500 $268,200
2016 $7,583 $326,700 $58,500 $268,200
2015 $7,274 $326,700 $58,500 $268,200
2014 $7,677 $326,700 $58,500 $268,200
2013 $7,677 $326,700 $58,500 $268,200
Source: Public Records

Agents Affiliated with this Home

  • Jan Kraetsch

    Seller's Agent in 2024

    Jan Kraetsch

    Smart Move Realty, LLC

    (715) 581-1965

    3 in this area

    123 Total Sales

    Jan Kraetsch
    Section Image
  • Matt Jorgenson

    Buyer's Agent in 2024

    Matt Jorgenson

    Keller Williams Green Bay

    (920) 360-9342

    1 in this area

    109 Total Sales

    Matt Jorgenson
    Section Image
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Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50285239

REALTORS® Association of Northeast Wisconsin

APN: 21-3375

Wisconsin Brown County Green Bay 54302 Imperial Pride

2251 Imperial Ln, Green Bay, WI

This home is located at 2251 Imperial Ln, Green Bay, WI 54302 since 19 December 2023 and is currently estimated at $1,438,000, approximately $110 per square foot. This property was built in 1975. 2251 Imperial Ln is a home located in Brown County with nearby schools including Eisenhower Elementary School, Edison Middle School, and Preble High School.

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