$131,670
SOLD APR 2, 2018

2800 Minnesota Ave Stevens Point, WI 54481

4 Beds
2 Baths
-- Sq Ft
5,663 Sq Ft Lot

Recently Sold

2% Below List Price

18 Days on Market

About This Home

As of January 2020

This duplex has been exceptionally maintained by the same owner for many years and the result is a great occupancy rate. Owner is consolidating their portfolio and is ready to sell this and two other duplexes at 2808 and 2816 Minnesota as well as a sixplex at 3308 Dixon. This is an opportunity to get started in the real estate business or to add to your holdings. Duplexes each have separate entrance, separate utility meters, basement, and laundry room.

Last Agent to Sell the Property

Jim Buck

RE/MAX Central License #49475-90 Listed on: 02/06/2018

RE/MAX Central

Last Buyer's Agent

Jim Buck

RE/MAX Central License #49475-90 Listed on: 02/06/2018

RE/MAX Central

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,577

Year Built

  • Built in 1970

Home Design

  • Duplex
  • Brick or Stone Mason
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Fire and Smoke Detector
  • Range
  • Washer and Dryer Hookup
  • Basement

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter
  • Separate Water Meter
  • Electric Water Heater

Community Details

  • 2 Units
  • Net Operating Income $8,582

Listing and Financial Details

  • Assessor Parcel Number 23-0804202506

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,577

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Additional Remarks: All properties have impressive CAP rate and return on investment. Come take a look. This could be what you have been looking for. "Seller is a licensed real estate broker in the State of Wisconsin."
  • Age: 31-50 Yrs
  • Class: Multi-Family
  • Lvt Date: 02/12/2018
  • Municipality: Stevens Point, City of
  • Style: 2 Story
  • Type: Duplex
  • Year Built: 1970
  • Construction: Brick
  • Geo Subdivision: WI
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Yes
  • Interior: Smoke Detector

Exterior Features

  • Roof: Shingle

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Forced Air
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Electric
  • Septic Type: Municipal
  • Water: Separate Meter
  • Electricity: Separate Meter
  • Gas: Separate Meter
  • Laundry: Hook-up in All
  • Separate Electricity: Y
  • Separate Heat: Y
  • Utilities Sewer: Y
  • Water: Y

Schools

  • Stevens Pt Area Sch Dist: Stevens Point A
  • Stevens Pt School Elem: McDill
  • Stevens Pt School Jr High: Ben Franklin

Lot Info

  • Lot Size: .13
  • Zoning: Multi-Family
  • Present Use: Rental
  • Geo Address Line: 2800 Minnesota Ave
  • Geo Primary City: Stevens Point
  • Geo Quality: 0.95
  • Geo Secondary City: Portage
  • Geo Zoom Level: 16

Rental Info

  • Annual Rent: 14712

Tax Info

  • Tax Amount: 2577
  • Assessor Parcel Number: 23-0804202506
  • Tax Year: 2017

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2019
Closed on
Jan 8, 2020
Sold by
Jap Properties Llc
Bought by
Ck Whiting Llc
Seller's Agent
Jim Buck
RE/MAX Central
Buyer's Agent
Mike Williams
RE/MAX Central
List Price
$149,900
Sold Price
$140,000
Premium/Discount to List
-$9,900
-6.6%
Current Estimated Value
$222,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,888
Avg. Annual Appreciation
8.49%
Original Mortgage
$270,000
Outstanding Balance
$241,092
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
-$20,984

Purchase Details

Listed on
Feb 6, 2018
Closed on
Apr 2, 2018
Sold by
Seramur Family Limited Partnership
Bought by
Jap Properties Llc
Seller's Agent
Jim Buck
RE/MAX Central
Buyer's Agent
Jim Buck
RE/MAX Central
List Price
$134,900
Sold Price
$131,670
Premium/Discount to List
-$3,230
-2.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.53%
Original Mortgage
$314,800
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $420,000 Duerst Paul E
Warranty Deed $393,500 Mcdonald Law Office
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Previous Owner $314,800 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2020 01/09/20 Sold $140,000 -6.6% --
09/24/2019 09/24/19 For Sale $149,900 +13.8% --
04/02/2018 04/02/18 Sold $131,670 -2.4% --
02/24/2018 02/24/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $134,900 -- --
Source: Central Wisconsin Multiple Listing Service

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 $37 $194,900 $14,200 $180,700
2023 $0 $194,900 $14,200 $180,700
2022 $3,006 $118,300 $11,300 $107,000
2021 $2,918 $118,300 $11,300 $107,000
2020 $2,902 $118,300 $11,300 $107,000
2019 $2,882 $118,300 $11,300 $107,000
2018 $2,685 $118,300 $11,300 $107,000
2017 $2,578 $118,300 $11,300 $107,000
2016 $2,516 $103,200 $9,100 $94,100
2015 $2,531 $103,200 $9,100 $94,100
2014 $2,465 $103,200 $9,100 $94,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 1800638

Central Wisconsin Multiple Listing Service

APN: 281-23-0804202506