NOT LISTED FOR SALE

3202 Terrace Ct Wausau, WI 54401

Estimated Value: $659,370

16 Beds
8 Baths
-- Sq Ft
0.34 Acres

Last Sold February 26, 2016

Last sale price $325,000

Est. 103% increase in value since last sale

Current estimated payment $4,084/month

Highlights

  • Porch
  • Brick or Stone Mason
  • Patio
  • Stettin Elementary School Rated A-
  • Air Conditioning
  • Baseboard Heating

About This Home

As of February 2016

8 Unit multi-family building - Excellent investment property located in a convenient Wausau West location. Easy to rent! All 8 units are 2 bedroom / 1 bath, include kitchen appliances and are all currently rented.

Last Agent to Sell the Property

Mike Schlichte

FIRST WEBER License #56873-90 Listed on: 03/17/2015

FIRST WEBER

Last Buyer's Agent

Joleta Wesbrook

COLDWELL BANKER ACTION License #58263-94

COLDWELL BANKER ACTION

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 120x125

Home Design

  • Brick or Stone Mason
  • Shingle Roof
  • Metal Construction or Metal Frame

Interior Spaces

  • 2-Story Property
  • Window Treatments
  • Utility Room
  • Fire and Smoke Detector
  • Range
  • Basement

Outdoor Features

  • Patio
  • Porch

Utilities

  • Air Conditioning
  • Baseboard Heating
  • Separate Meters
  • Separate Water Meter
  • Electric Water Heater
  • Public Septic
  • Cable TV Available

Community Details

  • 8 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 291-2907-331-0022

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Additional Remarks: Rent ranges from $440 - $470 per month per unit. The gross rent for 2014 was $42,000. All units have access to a patio or balcony on their respective levels on both the front and the rear of the building. Each unit pays their own electric for heat and hot water and water meter is separately metered also. The buildings front is locked for security and requires a key or a tenant has to verify to let you in. Full basement has storage units for each unit and a laundry area with 2 coin operated washers and dryers are available on site. There are a total of 11 blacktop parking spaces. Seller is retiring and moving out of state. This is an excellent income producing building. Schedule E available through listing agent upon request. Directions: Stewart Avenue to Right on 32nd to corner of Terrace Court.
  • Class: Multi-Family
  • Municipality: Wausau, City of
  • Style: 2 Story
  • Type: Eightplex
  • Construction: Brick, Wood, Metal
  • Geo Subdivision: WI
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range
  • Basement: Yes
  • Interior: Smoke Detector, Cable Hookup, Window Treatments

Exterior Features

  • Roof: Shingle
  • Patio Deck: Patio, Porch

Utilities

  • Fuel Type: Electric
  • Heat Type: Baseboard
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Electric
  • Septic Type: City
  • Water: Separate Meter
  • Electricity: Separate Meter
  • Laundry: Available On Site
  • Sewer Included: Y
  • Separate Electricity: Y
  • Separate Heat: Y
  • Water Included: Y

Condo/Co-op/Association

  • Amenities: Smoke Detectors

Schools

  • Wausau Area School Dist: Wausau West

Lot Info

  • Lot Size: 120x125
  • Zoning: Multi-Family
  • Geo Address Line: 3202 Terrace Ct
  • Geo Primary City: Wausau
  • Geo Quality: 0.95
  • Geo Secondary City: Marathon Co.

Tax Info

  • Tax Amount: $8320
  • Assessor Parcel Number: 291-2907-331-0022
  • Tax Year: 2014

Multi Family

  • Number Of Units: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2015
Closed on
Feb 26, 2016
Sold by
Chen Zhaojing and Deng Yunjuan
Bought by
Kasmar Real Estate Llc
Seller's Agent
Mike Schlichte
FIRST WEBER
Buyer's Agent
Joleta Wesbrook
COLDWELL BANKER ACTION
List Price
$359,900
Sold Price
$325,000
Premium/Discount to List
-$34,900
-9.7%
Current Estimated Value
$659,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$334,370
Avg. Annual Appreciation
7.58%
Original Mortgage
$260,000
Outstanding Balance
$161,394
Interest Rate
3.92%
Mortgage Type
Commercial
Estimated Equity
$497,976
Source: Public Records

Range of Values:

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Average Value
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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
Kasmar Real Estate Llc $325,000 Clt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kasmar Real Estate Llc $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2016 02/26/16 Sold $325,000 -9.7% --
01/13/2016 01/13/16 Pending -- -- --
03/17/2015 03/17/15 For Sale $359,900 -- --
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 $7,378 $576,000 $90,000 $486,000
2023 $10,158 $380,200 $90,000 $290,200
2022 $9,665 $380,200 $90,000 $290,200
2021 $9,353 $380,200 $90,000 $290,200
2020 $9,549 $380,200 $90,000 $290,200
2019 $9,126 $341,500 $75,000 $266,500
2018 $8,998 $341,500 $75,000 $266,500
2017 $8,683 $341,500 $75,000 $266,500
2016 $8,447 $341,500 $75,000 $266,500
2015 $8,659 $341,500 $75,000 $266,500
2014 $8,319 $344,700 $75,000 $269,700
Source: Public Records

Agents Affiliated with this Home

  • Mike Schlichte

    Seller's Agent in 2016

    Mike Schlichte

    FIRST WEBER

    (715) 574-6004

    306 Total Sales

    Mike Schlichte
    Section Image
  • Joleta Wesbrook

    Buyer's Agent in 2016

    Joleta Wesbrook

    COLDWELL BANKER ACTION

    (715) 574-2404

    325 Total Sales

    Joleta Wesbrook
    Section Image
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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 1501548

Central Wisconsin Multiple Listing Service

APN: 291-2907-331-0022

Wisconsin Marathon County Wausau 54401

3202 Terrace Ct, Wausau, WI

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