NOT LISTED FOR SALE

401 S 5th Ave Wausau, WI 54401

Westies Neighborhood

Estimated Value: $210,573

5 Beds
4 Baths
3,192 Sq Ft
$66/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $155,000 $49 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,386/month

3 Days on Market

Highlights

  • Porch
  • Ceiling Fan
  • Utility Room
  • Tile Flooring
  • Hot Water Heating System
  • Coin Laundry

About This Home

As of May 2024

4-Unit multi-family rental property, 2 blocks from Marathon Park and the St Point Wausau college. Close to transit, downtown Wausau, and to Hwy 51 and Hwy 29. 3-1 bedroom units and 1-2 bedroom unit, 1 coin operated washer and dryer (owned), 4 refrigerators, 4-electric stoves. Parking in yard from alley for 4-6 vehicles. Coin operated washer/dryer on site. Heat and water included. All units are currently rented. Part of a family estate being sold "As-Is".

Last Agent to Sell the Property

Lisa Bergmann

RE/MAX EXCEL License #66538-94 Listed on: 04/01/2024

RE/MAX EXCEL

Last Buyer's Agent

Bradley Woldt

FIRST WEBER License #56821-90

FIRST WEBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,624

Year Built

  • Built in 1895

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 3,192 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Utility Room
  • Range

Flooring

  • Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement
  • Basement Storage

Parking

  • Parking Available
  • Alley Access
  • Driveway Level
  • Outside Parking

Utilities

  • Hot Water Heating System
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Separate Water Meter
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • Low Pile Carpeting
  • Porch

Listing and Financial Details

  • Assessor Parcel Number 291-2907-263-0626

Community Details

Overview

  • 4 Units

Amenities

  • Coin Laundry
  • Community Storage Space

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,624

Year Built

Built in 1895

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Additional Remarks: No security deposits. Leases will be made available. Owner pays heat and water/sewer/garbage. Roof re-shingled in 2020.
  • Class: Multi-Family
  • Municipality: Wausau, City of
  • Style: 2 Story
  • Type: Fourplex
  • Year Built: 1895
  • Construction: Wood
  • Geo Subdivision: WI
  • Below Grade Sq Ft: 900
  • Finished Above Grade Sq Ft: 3192
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer
  • Basement: Yes
  • Interior: Ceiling Fan(s), Cable Hookup, Cable/Satellite Available, Ceramic, Common Storage Area, Laminate, Tile Floors, Vinyl Floors
  • Basement Type: Full, Lower Basement Laundry, Outside Entry Only, Storage Area, Unfinished

Exterior Features

  • Roof: Shingle
  • Patio Deck: Porch

Garage/Parking

  • Parking: Alley Entrance, Extra Space Available, Outdoor Space

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Hot Water
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Natural Gas
  • Water: Separate Meter
  • Electricity: Master Meter, Separate Meter
  • Gas: Master Meter, Separate Meter
  • Laundry: Available On Site, Coin-Op Dryer, Coin-Op Washer
  • Sewer Included: Y
  • Utilities Heat Included: Y
  • Separate Electricity: Y
  • Water Included: Y

Schools

  • Wausau Area School Dist: Wausau West

Lot Info

  • Acreage: .17
  • Barrier Free: Level drive, Level lot, Low pile or no carpeting
  • Lot Size: 7260
  • Zoning: Multi-Family
  • Present Use: Rentals
  • Geo Address Line: 401 S 5th Ave
  • Geo Primary City: Wausau
  • Geo Quality: 0.95

Rental Info

  • Annual Rent: 22,800

Tax Info

  • Tax Amount: $3624
  • Assessor Parcel Number: 291-2907-263-0626
  • Tax Year: 2023

Multi Family

  • Number Of Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2024
Closed on
May 8, 2024
Sold by
Schneider Holdings Re Llc
Bought by
Carlson Rodney
Seller's Agent
Lisa Bergmann
RE/MAX EXCEL
Buyer's Agent
Bradley Woldt
FIRST WEBER
List Price
$160,000
Sold Price
$155,000
Premium/Discount to List
-$5,000
-3.12%
Views
45
Current Estimated Value
$210,573

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,573
Avg. Annual Appreciation
17.70%
Original Mortgage
$160,000
Outstanding Balance
$156,961
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$53,612

Purchase Details

Closed on
Apr 30, 2021
Sold by
Neiter Properties Llc
Bought by
Schneider Holdings Re Llc

Purchase Details

Closed on
Dec 31, 2007
Sold by
Neiter Rene and Neiter Lisa
Bought by
Neiter Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.31%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 14, 2007
Sold by
Linder Robert and Linder Paulette G
Bought by
Neiter Rene and Neiter Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.31%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carlson Rodney $155,000 Avenue Title Services
Schneider Holdings Re Llc $145,000 None Available
Neiter Properties Llc -- Advanced Title Concepts Llc
Neiter Rene $121,500 Advanced Title Concepts Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carlson Rodney $160,000
Previous Owner Neiter Rene $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2024 05/10/24 Sold $155,000 -3.1% $49 / Sq Ft
04/01/2024 04/01/24 For Sale $160,000 -- $50 / Sq Ft
Source: Central Wisconsin Multiple Listing Service

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
2025 $3,115 $167,600 $27,200 $140,400
2024 $2,116 $167,600 $27,200 $140,400
2023 $3,878 $144,500 $27,200 $117,300
2022 $3,624 $144,500 $27,200 $117,300
2021 $3,155 $130,300 $27,200 $103,100
2020 $4,532 $130,300 $27,200 $103,100
2019 $2,963 $112,800 $21,800 $91,000
2018 $2,921 $112,800 $21,800 $91,000
2017 $2,817 $112,800 $21,800 $91,000
2016 $2,740 $112,800 $21,800 $91,000
2015 $2,810 $112,800 $21,800 $91,000
2014 $2,647 $111,700 $21,800 $89,900
Source: Public Records

Agents Affiliated with this Home

  • Lisa Bergmann

    Seller's Agent in 2024

    Lisa Bergmann

    RE/MAX

    (715) 218-0692

    4 in this area

    64 Total Sales

    Lisa Bergmann
    Section Image
  • Bradley Woldt

    Buyer's Agent in 2024

    Bradley Woldt

    FIRST WEBER

    (715) 270-0830

    3 in this area

    30 Total Sales

    Bradley Woldt
    Section Image
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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 22401082

Central Wisconsin Multiple Listing Service

APN: 291-2907-263-0626

Wisconsin Marathon County Wausau 54401 Westies

401 S 5th Ave, Wausau, WI

Not Listed for Sale

MultiFamily

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