J
Seller's Agent in 2023
John Newland
TerraNova Real Estate
(414) 852-0921
4 in this area
528 Total Sales
3534 W Mitchell St Milwaukee, WI 53215
Burnham Park NeighborhoodEstimated Value: $284,000 - $362,000
7
Beds
3
Baths
3,584
Sq Ft
$89/Sq Ft
Est. Value
Highlights
- Enclosed Parking
- Forced Air Heating and Cooling System
- 5-minute walk to Burnham Park
- Walnut Grove Elementary School Rated A
- Hot Water Heating System
About This Home
Investor's delight in Burnham Park! This stout brick building could be cash flow central with its two spacious three-bedroom units and two efficiency units. Each three-bedroom unit offers a dining room with charming built-ins, living room, and kitchen with pantry. The upper efficiency unit has a skylight for natural light and a nice tiled tub surround. The lower efficiency is a huge open space and boasts tall ceilings and central air to keep things cool. Separate heat, electric, and gas utilities for each unit, as well as individual laundry hook ups. Vacant units can use some cosmetic enhancements to increase value and rent, but consider the income generated by a building with this set up. Off-street parking for two cars. This is a great opportunity to score a solid building & investment.
Last Agent to Sell the Property
TerraNova Real Estate License #55028-90 Listed on: 09/12/2023
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $5,020
Year Built
- Built in 1929
Lot Details
- 3,920 Sq Ft Lot
Home Design
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 3,584 Sq Ft Home
- Multi-Level Property
- Basement Fills Entire Space Under The House
Parking
- Enclosed Parking
- Outside Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Hot Water Heating System
Community Details
- 4 Units
Listing and Financial Details
- Exclusions: Seller and tenant personal property.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 12, 2023
Closed on
Oct 27, 2023
Sold by
Hoffman Mark A
Bought by
Hernandez Jose L and Ortiz Irene Sanchez
Seller's Agent
John Newland
TerraNova Real Estate
List Price
$299,900
Sold Price
$268,000
Premium/Discount to List
-$31,900
-10.64%
Views
44
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,512
Avg. Annual Appreciation
8.05%
Original Mortgage
$201,000
Outstanding Balance
$197,273
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$120,239
Purchase Details
Closed on
Oct 10, 2013
Sold by
Jit Rentals Llc
Bought by
Hoffman Mark A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,649
Interest Rate
4.58%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 15, 2004
Sold by
Hoffman David M
Bought by
Jit Rentals Llc
Purchase Details
Closed on
Aug 27, 2002
Sold by
Deakin Norbert J and Deakin Diane C
Bought by
Hit Llc
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hernandez Jose L | $268,000 | None Listed On Document | |
| Hoffman Mark A | $121,000 | None Available | |
| Jit Rentals Llc | -- | -- | |
| Hoffman David M | -- | -- | |
| Hit Llc | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hernandez Jose L | $201,000 | |
| Previous Owner | Hoffman Mark A | $104,649 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/29/2023 10/29/23 | Off Market | $299,900 | -- | -- |
| 09/12/2023 09/12/23 | For Sale | $299,900 | -- | $84 / Sq Ft |
Source: Metro MLS
Tax History Compared to Growth
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 | $6,043 | $262,600 | $7,700 | $254,900 |
| 2023 | $5,054 | $213,900 | $7,700 | $206,200 |
| 2022 | $5,020 | $213,900 | $7,700 | $206,200 |
| 2021 | $4,992 | $188,700 | $7,700 | $181,000 |
| 2020 | $5,041 | $188,700 | $7,700 | $181,000 |
| 2019 | $3,947 | $121,100 | $7,800 | $113,300 |
| 2018 | $3,132 | $121,100 | $7,800 | $113,300 |
| 2017 | $3,053 | $112,100 | $7,600 | $104,500 |
| 2016 | $3,188 | $111,400 | $7,600 | $103,800 |
| 2015 | $3,320 | $113,600 | $7,600 | $106,000 |
| 2014 | $3,609 | $120,900 | $7,600 | $113,300 |
| 2013 | -- | $120,900 | $7,600 | $113,300 |
Source: Public Records
Agents Affiliated with this Home
-
John Newland
Map
Source: Metro MLS
MLS Number: 1850042
APN: 457-9884-000-6
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