NOT LISTED FOR SALE

3880 N Vel R Phillips Ave Unit 3882 Milwaukee, WI 53212

Williamsburg Heights Neighborhood

Estimated Value: $74,000 - $109,000

4 Beds
2 Baths
1,764 Sq Ft
$51/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $76,500 $43 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $660/month

7 Days on Market

About This Home

As of August 2024

Explore this excellent investment opportunity with a two-family house featuring two units, each with 2 beds and 1 bath, currently tenant-occupied. Ideal for investors seeking rental income, this property offers stability and potential. Located in a convenient area, it promises steady cash flow and the chance to build your portfolio. Don't miss out on this promising opportunity to secure a solid investment in real estate!

Last Agent to Sell the Property

Lisa-Marie Franco-Garcia

Epique Realty License #81562-94 Listed on: 07/03/2024

Last Buyer's Agent

Erica Winship

Premier Point Realty LLC License #59189-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,593

Year Built

  • Built in 1925

Lot Details

  • 4,356 Sq Ft Lot

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,764 Sq Ft Home
  • 1.5-Story Property

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,593

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • New Construction: No
  • Year Built: 1925
  • Cleared Acreage: Less than 1/2
  • Architecture: Bungalow
  • Full Street Address: 3880 N Vel R Phillips AVENUE #3882
  • Lot Acreage: 0.1
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Block, Full
  • Second Floor Total Sq Ft: 1764.00

Exterior Features

  • Exterior Building Type: 1.5 Story
  • Exterior: Partial-Wood, Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: None
  • Garage/Parking: 1 Space

Utilities

  • Utilities: 1 Electric Meter
  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • School District: Milwaukee
  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: RT4
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2023
  • Total Taxes: 1592.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2024
Closed on
Aug 14, 2024
Sold by
Adi Lugasi Holdings Llc and Avi Doron Investments Llc
Bought by
Ascend Group Llc
Seller's Agent
Lisa-Marie Franco-Garcia
Epique Realty
Buyer's Agent
Erica Winship
Premier Point Realty LLC
List Price
$72,000
Sold Price
$76,500
Premium/Discount to List
$4,500
6.25%
Views
37
Current Estimated Value
$89,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,958
Avg. Annual Appreciation
15.91%
Original Mortgage
$76,500
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2019
Sold by
Lefebvre Lawrence F
Bought by
Avi Doron Investments Llc

Purchase Details

Closed on
Oct 7, 2016
Sold by
Vanish Investments Llc
Bought by
Lefebvre Lawrence F

Purchase Details

Closed on
Dec 8, 2014
Sold by
Cinbar Properties Llc
Bought by
Vanish Investments Llc

Purchase Details

Closed on
Jun 16, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Cinbar Properties Llc

Purchase Details

Closed on
Feb 25, 2009
Sold by
Rainey Khalif
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jun 29, 2006
Sold by
Redd Antoinette
Bought by
Rainey Khalif

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
8.75%
Mortgage Type
Balloon
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
Ascend Group Llc $76,500 None Listed On Document
Avi Doron Investments Llc $30,000 Merit Title
Lefebvre Lawrence F $31,000 Attorney
Vanish Investments Llc $6,000 None Available
Cinbar Properties Llc $17,000 None Available
Deutsche Bank National Trust Company -- None Available
Rainey Khalif $108,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ascend Group Llc $105,000
Closed Ascend Group Llc $76,500
Previous Owner Rainey Khalif $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $76,500 +6.3% $43 / Sq Ft
07/03/2024 07/03/24 For Sale $72,000 -- $41 / 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 $2,118 $87,400 $3,000 $84,400
2023 $1,593 $67,400 $3,000 $64,400
2022 $1,631 $67,400 $3,000 $64,400
2021 $1,310 $48,700 $3,000 $45,700
2020 $1,689 $48,700 $3,000 $45,700
2019 $2,278 $39,000 $3,000 $36,000
2018 $2,421 $39,000 $3,000 $36,000
2017 $2,306 $31,200 $3,000 $28,200
2016 $2,491 $31,000 $3,000 $28,000
2015 -- $32,900 $3,000 $29,900
2014 -- $36,400 $3,000 $33,400
2013 -- $40,400 $3,000 $37,400
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Lisa-Marie Franco-Garcia

    Epique Realty

  • Erica Winship

    Buyer's Agent in 2024

    Erica Winship

    Premier Point Realty LLC

    (414) 395-5478

    2 in this area

    245 Total Sales

    Erica Winship
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Map

Source: Metro MLS

MLS Number: 1882212

Metro MLS

APN: 273-1605-000-5

Wisconsin Milwaukee County Milwaukee 53212 Williamsburg Heights

3880 N Vel R Phillips Ave Unit 3882, Milwaukee, WI

This home is located at 3880 N Vel R Phillips Ave Unit 3882, Milwaukee, WI 53212 since 03 July 2024 and is currently estimated at $89,458, approximately $50 per square foot. This property was built in 1925. 3880 N Vel R Phillips Ave Unit 3882 is a home located in Milwaukee County with nearby schools including Dr. Martin Luther King, Jr. School, Craig Montessori School, and Milwaukee German Immersion School.

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