NOT LISTED FOR SALE

2581 N Terrace Ave Unit 2 Milwaukee, WI 53211

Northpoint Neighborhood

Estimated Value: $504,000 - $581,000

3 Beds
2 Baths
1,855 Sq Ft
$250/mo HOA Fee

Last Sold April 09, 2024

Last sale price $525,000 $283 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,085/month

2 Days on Market

Highlights

  • Main Floor Primary Bedroom
  • 1 Car Detached Garage
  • En-Suite Primary Bedroom
  • Golda Meir School Rated A-
  • Bathtub with Shower
  • Forced Air Heating and Cooling System

About This Home

As of April 2024

What a great small house alternative on the Upper East Side! Tucked among older mansions, this well-maintained 2nd floor condo is in a lovely pocket East of Lake Dr near Lake Park. Close to Oak Leaf Trail, Bradford Beach, UWM, Downer Ave restaurants & shops as well as downtown. This right-sized unit is light-infused with treetop views & southern & eastern exposures. Streamlined & minimalist style with a nod to both Scandinavian modern & Prairie's clean lines and tall plentiful windows & flowing floor plan. This home is a sunny neutral backdrop to your design POV. Open-concept living & dining rooms are great for entertaining. Updated kitchen & baths, solid oak flooring, cozy natural fireplace, 1 off-street & 1 covered parking & 2 storage rooms in the basement. Pet friendly & low HOA fees.

Last Agent to Sell the Property

LORI FOULKE

Modern Living Realty License #57668-90 Listed on: 01/26/2024

Last Buyer's Agent

Jim Schleif

Shorewest Realtors, Inc. License #57036-94

Shorewest Realtors, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,734

Year Built

  • Built in 1971

Lot Details

  • 3,398

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Wood Siding

Interior Spaces

  • 1,855 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Primary Bathroom includes a Walk-In Shower

Laundry

  • Dryer
  • Washer

Basement

  • Sump Pump
  • Block Basement Construction

Utilities

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

Listing and Financial Details

  • Exclusions: seller's personal property and curtains

Community Details

Overview

  • 4 Units
  • Terrace Belleview Condos

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,734

Year Built

Built in 1971

Lot Details

0

HOA Fees

$250 per month

Parking

1

Listing Details

  • Prop. Type: Condo
  • Inclusions: oven/range, refrigerator, microwave, dishwasher, washer, dryer, TV mounting bracket in west bedroom
  • Directions: From Lake Dr, turn East on Wahl Ave, then Right on Belleview Pl. The Condo is located on the corner of Terrace Ave and Belleview.
  • New Construction: No
  • Year Built: 1971
  • Below Grade Sq Ft: 900
  • CondoFeeMonthly: 250.0
  • CondoUnitType: 1 Story
  • Full Street Address: 2581 N Terrace AVENUE
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Municipality Type: City
  • Other Rm1 Level: Lower
  • Other Rm1 Name: Other Room
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Has Basement: Block, Sump Pump
  • Interior Amenities: Cable/Satellite Available, Wood or Sim.Wood Floors
  • Bathroom Description: Ceramic Tile, Master Bedroom Bath: Walk-In Shower, Master Bedroom Bath, Shower Over Tub
  • Room Bedroom2 Level: Main
  • Bedroom 3 Level: Main
  • Dining Room Dining Room Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 14
  • Second Floor Total Sq Ft: 1855.00

Exterior Features

  • Exclusions: seller's personal property and curtains
  • Exterior Building Type: 2 Story
  • Exterior: Brick, Brick/Stone, Wood

Garage/Parking

  • Parking Features:Workshop in Garage: Detached, Opener Included, 1 Car
  • Garage Spaces: 1.0
  • Garage/Parking: Assigned

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Association/Amenities

  • Condominium Name: Terrace-Belleview
  • Association Pet Rules:Pets Permitted: Yes

Condo/Co-op/Association

  • Number Units In Association: 4

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: RES

Tax Info

  • Tax Year: 2023
  • Total Taxes: 11734.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
May 10, 2024
Sold by
Mckey Jean
Bought by
Jean A Mckey Revocable Trust
Seller's Agent
LORI FOULKE
Modern Living Realty
Buyer's Agent
Jim Schleif
Shorewest Realtors, Inc.
List Price
$529,900
Sold Price
$525,000
Premium/Discount to List
-$4,900
-0.92%
Views
136
Current Estimated Value
$542,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,772
Avg. Annual Appreciation
2.17%

Purchase Details

Listed on
Jan 26, 2024
Closed on
Apr 2, 2024
Sold by
Labudde Susan La
Bought by
Mckey Jean
Seller's Agent
LORI FOULKE
Modern Living Realty
Buyer's Agent
Jim Schleif
Shorewest Realtors, Inc.
List Price
$529,900
Sold Price
$525,000
Premium/Discount to List
-$4,900
-0.92%
Views
136

Purchase Details

Closed on
Sep 10, 2020
Sold by
Sullivan Lorna K
Bought by
Sullivan Lorna K and Lorna K Sullivan Trust

Purchase Details

Listed on
Oct 28, 2019
Closed on
Nov 27, 2019
Sold by
Labudde Susan
Bought by
Sulliyan Lorna K
Seller's Agent
LORI FOULKE
Keller Williams Realty-Milwaukee North Shore
Buyer's Agent
neal klement
Shorewest Realtors, Inc.
List Price
$409,000
Sold Price
$409,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.91%

Purchase Details

Closed on
Apr 9, 2018
Sold by
Johnston Sherry L and Johnston Sherry
Bought by
Labudde Susan La

Purchase Details

Closed on
Aug 30, 2010
Sold by
Johnston Michael Bernard and Johnston Sherry
Bought by
Johnston Sherry

Purchase Details

Closed on
Dec 9, 1999
Sold by
Mullison Helen M
Bought by
Johnston Michael B and Johnston Sherry L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,700
Interest Rate
7.7%

Purchase Details

Closed on
Jun 18, 1996
Sold by
Richard K Forrest Irrevocable Trust
Bought by
Mullison Helen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.4%
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
Jean A Mckey Revocable Trust -- None Listed On Document
Mckey Jean $525,000 Knight Barry Title
Sullivan Lorna K -- None Available
Sulliyan Lorna K $409,000 Knight Barry Title Inc
Labudde Susan La $351,000 None Available
Johnston Sherry -- None Available
Johnston Michael B $175,000 --
Mullison Helen M $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Johnston Michael B $86,700
Previous Owner Mullison Helen M $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2024 04/09/24 Sold $525,000 -0.9% $283 / Sq Ft
01/28/2024 01/28/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $529,900 +15.2% $286 / Sq Ft
04/12/2022 04/12/22 Sold $459,900 0.0% $248 / Sq Ft View Prior Sale
03/03/2022 03/03/22 Pending -- -- --
03/02/2022 03/02/22 For Sale $459,900 +12.4% $248 / Sq Ft
12/04/2019 12/04/19 Sold $409,000 0.0% $220 / Sq Ft View Prior Sale
11/07/2019 11/07/19 Pending -- -- --
10/28/2019 10/28/19 For Sale $409,000 -- $220 / 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 $11,763 $516,900 $31,500 $485,400
2023 $11,806 $499,600 $31,500 $468,100
2022 $12,507 $528,300 $31,500 $496,800
2021 $10,773 $412,700 $31,500 $381,200
2020 $10,724 $412,700 $31,500 $381,200
2019 $9,116 $315,000 $31,500 $283,500
2018 $8,083 $315,000 $31,500 $283,500
2017 $8,526 $315,000 $31,500 $283,500
2016 $8,966 $315,000 $31,500 $283,500
2015 $9,035 $315,000 $31,500 $283,500
2014 -- $207,000 $31,500 $175,500
2013 -- $207,000 $31,500 $175,500
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    LORI FOULKE

    Modern Living Realty

    (414) 712-4112

    2 in this area

    27 Total Sales

    LORI FOULKE
    Section Image
  • Jim Schleif

    Buyer's Agent in 2024

    Jim Schleif

    Shorewest Realtors, Inc.

    (414) 313-3346

    10 in this area

    220 Total Sales

    Jim Schleif
    Section Image

  • n

    Seller's Agent in 2022

    neal klement

    Shorewest Realtors, Inc.

    1 in this area

    46 Total Sales

    neal klement
    Section Image
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Map

Source: Metro MLS

MLS Number: 1863006

Metro MLS

APN: 318-0412-200-4

Wisconsin Milwaukee County Milwaukee 53211 Northpoint

2581 N Terrace Ave Unit 2, Milwaukee, WI

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