NOT LISTED FOR SALE

2618 Forest Ave Two Rivers, WI 54241

Estimated Value: $195,000 - $226,000

6 Beds
3 Baths
2,976 Sq Ft
$72/Sq Ft Est. Value

Last Sold December 12, 2024

Last sale price $200,000 $67 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $1,306/month

44 Days on Market

About This Home

As of December 2024

Investor Alert!! Don't miss this thoroughly renovated 3-unit investment opportunity in the heart of Two Rivers, Wisconsin! Located in a prime area with lots of local amenities such as grocery stores, schools, gas stations and entertainment. Extensive updates throughout such as floors, paint, fixtures and exterior work. Whether you're looking for a cash-flowing rental property or living in one unit to knock out your housing expense, this is a deal you can't pass up! Schedule your showing today!

Last Agent to Sell the Property

David Peterson

Ruesch Realty License #94-93896 Listed on: 10/29/2024

Last Buyer's Agent

Non-Member Account

RANW Non-Member Account

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,871

Year Built

  • 1900

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Parking Spaces

Home Design

  • Block Foundation

Interior Spaces

  • 2-Story Property

Utilities

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

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,871

Year Built

1900

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Type: Multifamily (3+ Unit)
  • Stylebuilding Type: 2 Story, Apartment Building
  • Tax Municipality: Two Rivers, City of
  • Remarks Exclusions Public: Seller and Tenant Personal Property
  • Remarks Inclusions Public: 3 Stoves, 3 Refrigerators
  • Total Units: 3
  • Unit Identifier: City of Two Rivers
  • Remarks Public: Investor Alert!! Don't miss this thoroughly renovated 3-unit investment opportunity in the heart of Two Rivers, Wisconsin! Located in a prime area with lots of local amenities such as grocery stores, schools, gas stations and entertainment. Extensive updates throughout such as floors, paint, fixtures and exterior work. Whether you're looking for a cash-flowing rental property or living in one unit to knock out your housing expense, this is a deal you can't pass up! Schedule your showing today!
  • Tax Municipal Sub Area: None
  • Water Features Other: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Source Total Fin Sq Ft: Broker/Agent
  • Sq Ft Fin Above Grade Est: 2428
  • Sq Ft Fin Below Grade Est: 548
  • Sq Ft Total Fin Above And Below: 2976

Exterior Features

  • Exterior Finish Of Building: Aluminum/Steel
  • Foundation For Building: Block

Garage/Parking

  • Number Of Total Parking Inside: 2
  • Number Of Total Parking Outside: 4
  • Building Parking: Attached, Outside

Utilities

  • Heating Cooling: Forced Air
  • Heating Fuel Type: Natural Gas
  • Number Of Furnaces: 1
  • Number Of Water Heaters: 3
  • Waste For Building: Municipal Sewer
  • Water For Building: Municipal Public Water

Lot Info

  • Estimated Acres: 0.13
  • Lot Description: Corner
  • Zoning: Multi-Family(3Units)
  • Geo Address Line: 2618 Forest Ave
  • Geo Primary City: Two Rivers
  • Geo Quality: 0.95
  • Geo Subdivision: WI

Tax Info

  • Assessor Parcel Number: 53-153-003-051.07
  • Tax Net Amt: 1870.96

Multi Family

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

MLS Schools

  • School District: Two Rivers

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2024
Closed on
Dec 11, 2024
Sold by
Fox Valley Multifamily Llc
Bought by
Trivers Rental Llc
Seller's Agent
David Peterson
Ruesch Realty
Buyer's Agent
Non-Member Account
RANW Non-Member Account
List Price
$175,000
Sold Price
$200,000
Premium/Discount to List
$25,000
14.29%
Views
19
Current Estimated Value
$212,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,852
Avg. Annual Appreciation
5.88%
Original Mortgage
$199,319
Outstanding Balance
$197,730
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$15,122

Purchase Details

Listed on
Jul 3, 2021
Closed on
Sep 12, 2021
Sold by
Peitersen Brett B and Peitersen Shannon M
Bought by
Fox Valley Multifamily Llc
Seller's Agent
JoAnne Kouba
Weichert, Realtors CornerStone
List Price
$113,000
Sold Price
$113,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.27%
Original Mortgage
$96,050
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 5, 2013
Sold by
Mackie Amy Lynn
Bought by
Kramer Patrick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,700
Interest Rate
4.41%
Mortgage Type
New Conventional
Source: Public Records

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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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
Trivers Rental Llc $200,000 Town N Country Title
Fox Valley Multifamily Llc $113,000 First American Title
Kramer Patrick J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trivers Rental Llc $199,319
Previous Owner Fox Valley Multifamily Llc $96,050
Previous Owner Kramer Patrick J $6,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2024 12/12/24 Sold $200,000 +14.3% $67 / Sq Ft
12/12/2024 12/12/24 Pending -- -- --
10/29/2024 10/29/24 For Sale $175,000 +54.9% $59 / Sq Ft
09/15/2021 09/15/21 Sold $113,000 0.0% $56 / Sq Ft View Prior Sale
08/02/2021 08/02/21 Pending -- -- --
07/03/2021 07/03/21 For Sale $113,000 -- $56 / 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 $2,315 $143,700 $11,000 $132,700
2023 $1,871 $71,000 $6,800 $64,200
2022 $1,756 $71,000 $6,800 $64,200
2021 $1,578 $64,400 $6,800 $57,600
2020 $1,517 $64,400 $6,800 $57,600
2019 $1,564 $64,400 $6,800 $57,600
2018 $1,542 $64,400 $6,800 $57,600
2017 $1,549 $64,400 $6,800 $57,600
2016 $1,562 $64,400 $6,800 $57,600
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Peterson

    Ruesch Realty

    (920) 655-5353

    6 in this area

    79 Total Sales

    David Peterson
    Section Image

  • N

    Buyer's Agent in 2024

    Non-Member Account

    RANW Non-Member Account

  • JoAnne Kouba

    Seller's Agent in 2021

    JoAnne Kouba

    Weichert, Realtors CornerStone

    (920) 553-2030

    32 in this area

    47 Total Sales

    JoAnne Kouba
    Section Image
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Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50300192

REALTORS® Association of Northeast Wisconsin

APN: 053-153-003-051.07

Wisconsin Manitowoc County Two Rivers 54241

2618 Forest Ave, Two Rivers, WI

Not Listed for Sale

MultiFamily

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