NOT LISTED FOR SALE

245 E Summit Ave Wales, WI 53183

Wales Area

Estimated Value: $1,509,648 - $1,581,000

Studio
-- Bath
7,884 Sq Ft
$195/Sq Ft Est. Value

Sale Details

Date Sold: June 20, 2024

Last sale price $1,532,700 $194 Per Sq Ft

Current estimated payment $9,778 / mo

7 Days on Market

Highlights

  • 2.6 Acre Lot
  • Enclosed Parking
  • Heating Available

About This Home

As of June 2024

Stately 8-unit fully occupied apartment building offered to add to your investment portfolio or to start something new you have only dreamed of! All units offer 2 bds/1 bath, storage lockers and ample parking. 7 of 8 units fully renovated with LVP floors, SS appliances, granite countertops and in-unit laundry. Common areas updated and units are separately metered for heat. Upper units have balconies. Surface parking for 18 vehicles. Take Seller's draft plans to construct 14 townhomes on the property (then, totaling 22 units), create your own development project or enjoy an existing cash flowing property! So many options! Contact Village for further details on the development & approval process for Seller's draft plans or your own. Broker has not verified building/property dimensions.

Last Agent to Sell the Property

Krisstina Ebner

Port & Bay Real Estate Co. LLC Brokerage Phone: 414-250-0700 License #59511-90 Listed on: 05/10/2024

Last Buyer's Agent

Mike Roth

Shorewest Realtors, Inc. License #23405-90

Shorewest Realtors, Inc.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $12,664

Year Built

  • Built in 1970

Lot Details

  • 2.6 Acre Lot

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 7,884 Sq Ft Home
  • Multi-Level Property

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction
  • Laundry in Basement

Parking

  • Enclosed Parking
  • Outside Parking

Schools

  • Kettle Moraine Middle School

Utilities

  • Heating Available
  • Well Required

Community Details

  • 8 Units

Listing and Financial Details

  • Exclusions: Tenants' and Seller's personal property.

Property Details

Home Type

Apartment

Est. Annual Taxes

$12,664

Year Built

Built in 1970

Lot Details

2.6 Acres

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 8 stoves, 8 refrigerators, 8 wall-sleeve A/C units, water softener, 1 common area washer and dryer, 7 in-unit washers and dryers.
  • Directions: On Hwy 18 (Summit Avenue) approximately 2 blocks east of Hwy 83 on the south side of the street.
  • New Construction: No
  • Year Built: 1970
  • Cleared Acreage: Over 2 acres to 5 acres
  • Full Street Address: 245 E Summit AVENUE
  • Type 5 Heat Fuel: Electric
  • Lot Acreage: 2.6
  • Municipality Type: Village
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Seller Owned: Dryer, Seller Owned: Washer, Seller Owned: Water Heater
  • Has Basement: Block, Full, Laundry Facilities
  • Interior Amenities: Water Softener
  • Second Floor Total Sq Ft: 7884.00

Exterior Features

  • Exclusions: Tenants' and Seller's personal property.
  • Exterior Building Type: Apartment Building
  • Exterior: Brick/Stone, Brick

Garage/Parking

  • Garage/Parking: Outdoor Space, Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Well

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • Junior High Dist: Kettle Moraine

Lot Info

  • Zoning: R4
  • Acreage Range: 1 to 4.99

Tax Info

  • Tax Year: 2023
  • Total Taxes: 12664.0

MLS Schools

  • Middle School: Kettle Moraine

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jun 20, 2024
Sold by
Bought by
Seller's Agent
Krisstina Ebner
Port & Bay Real Estate Co. LLC
Buyer's Agent
Mike Roth
Shorewest Realtors, Inc.
List Price
$1,350,000
Sold Price
$1,532,700
Premium/Discount to List
$182,700
13.53%
Views
10
Current Estimated Value
$1,539,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,212
Avg. Annual Appreciation
0.22%
Original Mortgage
$432,243
Outstanding Balance
$423,297
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$1,116,615

Purchase Details

Listed on
Oct 20, 2020
Closed on
Aug 16, 2021
Sold by
Bought by
Seller's Agent
Pat Mullikin
M3 Realty
Buyer's Agent
MetroMLS NON
NON MLS
List Price
$980,000
Sold Price
$980,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.99%
Original Mortgage
$2,650,000
Interest Rate
2.8%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 22, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 28, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Wales, WI

  • Lien Team Real Estate Group Real Estate Agent - First Weber Inc - Brookfield

    Lien Team Real Estate Group

    First Weber Inc - Brookfield

    (414) 895-0140

    454 Total Sales

    6 in Wales

    $321K - $1.2M Price Range

    Lien Team Real Estate Group
     Section Image
  • J Tweeden & Asso Team Real Estate Agent - First Weber Inc - Delafield

    J Tweeden & Asso Team

    First Weber Inc - Delafield

    (262) 333-4664

    237 Total Sales

    2 in Wales

    $400K - $525K Price Range

    J Tweeden & Asso Team
     Section Image
  • Tim Norland Real Estate Agent - Century 21 Affiliated

    Tim Norland

    Century 21 Affiliated

    (608) 292-6742

    119 Total Sales

    1 in Wales

    $380,000 Price

    Tim Norland
     Section Image
  • Caitlin Dennis Real Estate Agent - Shorewest Realtors, Inc.

    Caitlin Dennis

    Shorewest Realtors, Inc.

    (262) 440-9745

    142 Total Sales

    1 in Wales

    $550,000 Price

    Caitlin Dennis
     Section Image
  • Terry Lesperance Real Estate Agent - Berkshire Hathaway HomeServices Metro Realty

    Terry Lesperance

    Berkshire Hathaway HomeServices Metro Realty

    (262) 975-5411

    90 Total Sales

    2 in Wales

    $400K - $560K Price Range

    Terry Lesperance
     Section Image
  • Martin Larson Real Estate Agent - Coldwell Banker HomeSale Realty - Wauwatosa

    Martin Larson

    Responds Quickly

    Coldwell Banker HomeSale Realty - Wauwatosa

    (262) 444-0125

    89 Total Sales

    1 in Wales

    $511,000 Price

    Martin Larson
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,532,700 Knight Barry Title
$980,000 None Available
-- --
$550,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $432,243
Previous Owner $2,650,000
Previous Owner $325,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/20/2024 06/20/24 Sold $1,532,700 +13.5% $194 / Sq Ft
05/10/2024 05/10/24 For Sale $1,350,000 +37.8% $171 / Sq Ft
08/16/2021 08/16/21 Sold $980,000 0.0% $124 / Sq Ft View Prior Sale
05/16/2021 05/16/21 Pending -- -- --
10/20/2020 10/20/20 For Sale $980,000 -- $124 / Sq Ft
Source: Metro MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $15,862 $1,473,600 $391,000 $1,082,600
2024 $11,829 $1,142,600 $281,000 $861,600
2023 $12,427 $1,069,100 $281,000 $788,100
2022 $12,664 $1,069,100 $281,000 $788,100
2021 $13,742 $1,069,100 $281,000 $788,100
2020 $10,456 $664,100 $200,000 $464,100
2019 $10,203 $664,100 $200,000 $464,100
2018 $10,503 $664,100 $200,000 $464,100
2017 $11,314 $664,100 $200,000 $464,100
2016 $14,199 $664,100 $200,000 $464,100
2015 $9,970 $664,100 $200,000 $464,100
2014 $10,909 $664,100 $200,000 $464,100
2013 $10,909 $664,100 $200,000 $464,100
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Krisstina Ebner

    Port & Bay Real Estate Co. LLC

    (414) 550-8348

    13 Total Sales

    Krisstina Ebner
    Section Image

  • M

    Buyer's Agent in 2024

    Mike Roth

    Shorewest Realtors, Inc.

    (262) 784-8466

    705 Total Sales

    Mike Roth
    Section Image
  • Pat Mullikin Real Estate Agent - M3 Realty

    Seller's Agent in 2021

    Pat Mullikin

    M3 Realty

    (262) 787-8995

    64 Total Sales

    Pat Mullikin
    Section Image

  • M

    Buyer's Agent in 2021

    MetroMLS NON

    NON MLS

See All Agents

Map

Source: Metro MLS

MLS Number: 1874982

Metro MLS

APN: WLSV-1453-999-013

Wisconsin Waukesha County Wales 53183

245 E Summit Ave, Wales, WI

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