NOT LISTED FOR SALE

238 S Main St Mishicot, WI 54228

Estimated Value: $175,000 - $220,000

7 Beds
3 Baths
3,113 Sq Ft
$63/Sq Ft Est. Value

Last Sold September 08, 2023

Last sale price $155,000 $50 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,197/month

4 Days on Market

About This Home

As of September 2023

Investment - 1% rule? This is 1 1/2%! Lower has a new kitchen - it's a really nice unit! The seller was going to update the other two kitchens when the tenants move out but all 3 tenants have been in the units for well over a year with no indication of leaving. All tenants passed a complete background check. The rents have not gone up since they moved in. Mo to Mo leases. Everything fresh paint and new floor. Several new appliances, water heater, sinks, faucets, toilets, light fixtures. Utilities are separately metered. There are 3 separate washer dryer hookups in the basement. The seller did not supply washer dryer. There is a storage shed in the back yard. One tenant does all of the grass and snow removal for a $50 per month discount on rent. Electrical all brought up to code.

Last Agent to Sell the Property

Sherry Zuege

Match Realty Group, LLC License #94-91062 Listed on: 08/03/2023

Last Buyer's Agent

Adam Drossart

Premier Legacy Realty, LLC License #90-51658

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,756

Year Built

  • 1923

Lot Details

  • 0.74 Acre Lot

Parking

  • 6 Parking Spaces

Home Design

  • Stone Foundation
  • Cedar Shake Siding

Interior Spaces

  • 3,113 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,756

Year Built

1923

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Type: Multifamily (3+ Unit)
  • Stylebuilding Type: 2 Story, Apartment Building
  • Tax Municipality: Mishicot, Village of
  • Remarks Exclusions Public: Tenants personal property
  • Remarks Inclusions Public: 3 refrigerators, 3 ranges
  • Total Units: 3
  • Unit Identifier: Village of Mishicot
  • Remarks Public: Investment - 1% rule? This is 1 1/2%! Lower has a new kitchen - it's a really nice unit! The seller was going to update the other two kitchens when the tenants move out but all 3 tenants have been in the units for well over a year with no indication of leaving. All tenants passed a complete background check. The rents have not gone up since they moved in. Mo to Mo leases. Everything fresh paint and new floor. Several new appliances, water heater, sinks, faucets, toilets, light fixtures. Utilities are separately metered. There are 3 separate washer dryer hookups in the basement. The seller did not supply washer dryer. There is a storage shed in the back yard. One tenant does all of the grass and snow removal for a $50 per month discount on rent. Electrical all brought up to code.
  • Tax Municipal Sub Area: None
  • Water Features Other: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Source Total Fin Sq Ft: Total Only: Combination
  • Sq Ft Fin Above Grade Est: 3113
  • Sq Ft Total Fin Above And Below: 3113
  • Price Per Sq Ft: 49.79

Exterior Features

  • Exterior Finish Of Building: Wood/Wood Shake/Cedar
  • Foundation For Building: Stone

Garage/Parking

  • Number Of Total Parking Outside: 6
  • Building Parking: Outside

Utilities

  • Heating Cooling: Central A/C
  • Heating Fuel Type: Natural Gas
  • Number Of Ac Units: 3
  • Number Of Furnaces: 3
  • Number of Ranges: 3
  • Number Of Water Heaters: 3
  • Waste For Building: Municipal Sewer
  • Water For Building: Municipal Public Water
  • Monthly Water Expense: 1923

Schools

  • School District: Mishicot

Lot Info

  • Estimated Acres: 0.74
  • Zoning: Multi-Family(3Units), Residential
  • Geo Address Line: 238 S Main St
  • Geo Primary City: Mishicot
  • Geo Quality: 0.95
  • Geo Subdivision: WI
  • Geo Zoom Level: 16

Tax Info

  • Assessor Parcel Number: 035-004-007-001.03
  • Tax Net Amt: 1756
  • Tax Year: 22

Multi Family

  • Number Of Refrigerators: 3
  • Total Numberof Buildings: 1
  • Bedrooms: 2

MLS Schools

  • School District: Mishicot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2023
Closed on
Sep 6, 2023
Sold by
Roughneck Rentals Wi Llc
Bought by
Tksb Properties Llc
Seller's Agent
Sherry Zuege
Match Realty Group, LLC
Buyer's Agent
Adam Drossart
Premier Legacy Realty, LLC
List Price
$147,000
Sold Price
$155,000
Premium/Discount to List
$8,000
5.44%
Views
26
Current Estimated Value
$197,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,605
Avg. Annual Appreciation
13.71%
Original Mortgage
$124,000
Outstanding Balance
$121,889
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$79,573

Purchase Details

Closed on
May 26, 2022
Sold by
Rei Home Solutions Llc
Bought by
Roughneck Rentals Wi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2022
Sold by
Rjs Investments Llc
Bought by
Rei Home Solutions Llc
Source: Public Records

Range of Values:

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Average Value
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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
Tksb Properties Llc $155,000 None Listed On Document
Roughneck Rentals Wi Llc $121,000 None Listed On Document
Rei Home Solutions Llc $105,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tksb Properties Llc $124,000
Previous Owner Roughneck Rentals Wi Llc $25,000
Previous Owner Roughneck Rentals Wi Llc $184,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2023 09/08/23 Sold $155,000 +5.4% $50 / Sq Ft
08/07/2023 08/07/23 Pending -- -- --
08/03/2023 08/03/23 For Sale $147,000 -- $47 / 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 $1,850 $111,600 $31,100 $80,500
2023 $1,771 $111,600 $31,100 $80,500
2022 $1,757 $111,600 $31,100 $80,500
2021 $2,733 $129,500 $27,200 $102,300
2020 $3,321 $129,500 $27,200 $102,300
2019 $3,427 $129,500 $27,200 $102,300
2018 $2,560 $129,500 $27,200 $102,300
2017 $2,619 $129,500 $27,200 $102,300
2016 $2,654 $129,500 $27,200 $102,300
2015 $2,866 $129,500 $27,200 $102,300
2014 $2,833 $129,500 $27,200 $102,300
2013 $3,117 $129,500 $27,200 $102,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sherry Zuege

    Match Realty Group, LLC

    (920) 255-5141

    67 Total Sales

    Sherry Zuege
    Section Image

  • A

    Buyer's Agent in 2023

    Adam Drossart

    Premier Legacy Realty, LLC

    (801) 834-0031

    16 Total Sales

    Adam Drossart
    Section Image
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Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50278992

REALTORS® Association of Northeast Wisconsin

APN: 035-004-007-001.03

Wisconsin Manitowoc County Mishicot 54228

238 S Main St, Mishicot, WI

This home is located at 238 S Main St, Mishicot, WI 54228 since 03 August 2023 and is currently estimated at $197,605, approximately $63 per square foot. This property was built in 1923. 238 S Main St is a home located in Manitowoc County with nearby schools including Schultz Elementary School, Mishicot Middle School, and Mishicot High School.

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