NOT LISTED FOR SALE

245 E Summit Ave Wales, WI 53183

Wales Area

Estimated Value: $1,683,739

Studio
-- Baths
7,884 Sq Ft
$214/Sq Ft Est. Value

Sale Details

Date Sold: June 20, 2024

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

Est. 10% increase in value since last sale

Current estimated payment $10,827 / mo

7 Days on Market

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: 05/12/2024

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

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

Property Details

Home Type

  • Multi-Family

Lot Details

  • 2.6 Acre Lot

Parking

  • Outside Parking

Home Design

  • 7,884 Sq Ft Home
  • Brick Exterior Construction

Basement

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

Schools

  • Kettle Moraine Middle School

Community Details

  • Operating Expense $42,288
  • Net Operating Income $94,992

Listing and Financial Details

  • Exclusions: Tenants' and Seller's personal property.
  • Tenant pays for electricity, heat, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number WLSV1453999013

Property Details

Home Type

Multi-Family

Lot Details

2.6 Acres

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 2.6
  • 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.
  • Attribution Contact: 414-250-0700
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Laundry Facilities, Block, Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Tenants' and Seller's personal property.
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Kettle Moraine
  • Middle Or Junior School: Kettle Moraine

Lot Info

  • Lot Size Sq Ft: 113256
  • Parcel #: WLSV1453999013

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Multi Family

  • Property Net Operating Income: 94992
  • Annual Operating Expense: 42288

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 12, 2024
Closed on
Jun 20, 2024
Sold by
Infinity Properties Llc
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
$1,683,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,039
Avg. Annual Appreciation
4.27%
Original Mortgage
$432,243
Outstanding Balance
$422,492
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$1,261,247

Purchase Details

Listed on
Oct 20, 2020
Closed on
Aug 16, 2021
Sold by
Sarcar Properties Llc
Bought by
Infinity Properties Llc
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
Weber David E and Weber Kim M
Bought by
Sarcar Properties Llc

Purchase Details

Closed on
Apr 28, 2003
Sold by
Jenks Delores E and Fleming Joseph
Bought by
Weber David E and Weber Kim M

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

  • Katherine Rumohr Real Estate Agent - Keller Williams Realty-Lake Country

    Katherine Rumohr

    Keller Williams Realty-Lake Country

    (262) 233-2489

    78 Total Sales

    2 in Wales

    $450K - $505K Price Range

    Katherine Rumohr
     Section Image
  • Adrian Barrera Real Estate Agent - Shorewest Realtors, Inc.

    Adrian Barrera

    Responds Quickly

    Shorewest Realtors, Inc.

    (262) 368-5433

    197 Total Sales

    1 in Wales

    $380,000 Price

    Adrian Barrera
     Section Image
  • Drew Smith Real Estate Agent - EXP Realty, LLC~MKE

    Drew Smith

    EXP Realty, LLC~MKE

    (414) 626-7657

    42 Total Sales

    1 in Wales

    $505,000 Price

    Drew Smith
     Section Image
  • Kimberly Stark Real Estate Agent - First Weber Inc - Delafield

    Kimberly Stark

    First Weber Inc - Delafield

    (414) 261-2519

    146 Total Sales

    1 in Wales

    $1,800,000 Price

    Kimberly Stark
     Section Image
  • Kathryn Tessmer Real Estate Agent - Keller Williams Realty-Lake Country

    Kathryn Tessmer

    Keller Williams Realty-Lake Country

    (989) 264-0840

    79 Total Sales

    1 in Wales

    $424,900 Price

    Kathryn Tessmer
     Section Image
  • Dawn Esaman Real Estate Agent - Century 21 Benefit Realty

    Dawn Esaman

    Century 21 Benefit Realty

    (262) 600-2410

    78 Total Sales

    2 in Wales

    $350K - $560K Price Range

    Dawn Esaman
     Section Image
See All Agents

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
Infinity Properties Llc $980,000 None Available
Sarcar Properties Llc -- --
Weber David E $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 Infinity Properties Llc $2,650,000
Previous Owner Weber David E $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

  • KE

    Seller's Agent in 2024

    Krisstina Ebner

    Port & Bay Real Estate Co. LLC

    (414) 550-8348

    14 Total Sales

    Krisstina Ebner
    Section Image

  • MR

    Buyer's Agent in 2024

    Mike Roth

    Shorewest Realtors, Inc.

    (262) 784-8466

    695 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

  • MN

    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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Metro MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2026 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.