NOT LISTED FOR SALE

405 E Truth St Shullsburg, WI 53586

Estimated Value: $969,807

7 Beds
3 Baths
2,515 Sq Ft
$386/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $775,000 $308 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $6,385/month

69 Days on Market

Highlights

  • Balcony
  • Forced Air Heating and Cooling System
  • Level Lot
  • Outdoor Storage
  • Laundry Facilities

About This Home

As of November 2022

VPR $800,000 to $850,000. Enhance your rental portfolio with this 4 building, 12 unit, town house style in a country setting with modern construction. Ease of ownership with new roof and on a slab. Multiple units have been renovated and there are handicap accessible units/parking, as well. Storage units are 4x6 for each unit and there are at least 25 parking spaces. Tenants have a shared laundry facility. Take the short trip to Shullsburg, which is only 30 minutes from Dubuque and 25 minutes from Platteville. The current management is willing to stay in place if buyer would prefer to be hands off. Please see offering memorandum in MLS associated docs for more information.

Last Agent to Sell the Property

Lori Schilling

Sprinkman Real Estate License #81122-94 Listed on: 07/07/2022

Last Buyer's Agent

Lori Schilling

Sprinkman Real Estate License #81122-94 Listed on: 07/07/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,434

Year Built

  • Built in 1993

Lot Details

  • 2.04 Acre Lot
  • Level Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Oven or Range

Parking

  • 24 Open Parking Spaces
  • Driveway Level

Outdoor Features

  • Balcony
  • Outdoor Storage

Schools

  • Shullsburg Elementary And Middle School
  • Shullsburg High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating

Community Details

  • 12 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 281-0550-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,434

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Municipality: Shullsburg
  • Status Detail: Sold
  • Mailing City: Shullsburg
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story, Townhouse style units
  • Barrier Free: Level drive, Level lot
  • Items Excluded: washers and dryers are rented/contracted
  • Items Included: (12) refrigerators, (12) stoves
  • Miscellaneous: Shared laundry
  • Year Built: 1993
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 24

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces
  • Utilities: Separate elec meters, Separate gas meters

Schools

  • Elementary School: Shullsburg
  • High School: Shullsburg
  • Middle School: Shullsburg
  • School District: Shullsburg

Lot Info

  • Estimated Aces: 2.04
  • Zoning: R-5
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 5434
  • Tax Year: 2021
  • Assessor Parcel Number: 281-0550-0000

Multi Family

  • Number Of2 Bedrooms: 8
  • Number Of3 Bedrooms: 4
  • Number Of Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Nov 14, 2022
Sold by
Shullsburg Properties Llc
Bought by
Patriot Holdings Llc
Seller's Agent
Lori Schilling
Sprinkman Real Estate
Buyer's Agent
Lori Schilling
Sprinkman Real Estate
List Price
$850,000
Sold Price
$775,000
Premium/Discount to List
-$75,000
-8.82%
Views
2
Current Estimated Value
$969,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,807
Avg. Annual Appreciation
7.26%
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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Purchase History

Date Buyer Sale Price Title Company
Patriot Holdings Llc $775,000 Allison Cripps
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2022 11/14/22 Sold $775,000 -3.1% $308 / Sq Ft
08/17/2022 08/17/22 Price Changed $800,000 -5.9% $318 / Sq Ft
07/18/2022 07/18/22 For Sale $850,000 +9.7% $338 / Sq Ft
07/11/2022 07/11/22 Off Market $775,000 -- --
07/07/2022 07/07/22 For Sale $850,000 -- $338 / Sq Ft
Source: South 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
2024 $14,870 $627,900 $37,300 $590,600
2023 $12,432 $627,900 $37,300 $590,600
2022 $11,378 $627,900 $37,300 $590,600
2021 $5,434 $225,000 $27,000 $198,000
2020 $6,537 $225,000 $27,000 $198,000
2019 $5,947 $225,000 $27,000 $198,000
2018 $5,462 $225,000 $27,000 $198,000
2017 $4,672 $225,000 $27,000 $198,000
2016 $4,980 $225,000 $27,000 $198,000
2015 $4,825 $225,000 $27,000 $198,000
2013 -- $151,800 $27,000 $124,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1938984

South Central Wisconsin Multiple Listing Service

APN: 281.0550.0000 01