NOT LISTED FOR SALE

409 E Main St Mount Horeb, WI 53572

Estimated Value: $850,694

5 Beds
4 Baths
3,450 Sq Ft
$247/Sq Ft Est. Value

Last Sold May 20, 2022

Last sale price $720,000 $209 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $5,295/month

5 Days on Market

Highlights

  • Central Air
  • Mount Horeb Intermediate School Rated A-
  • Water Softener is Owned

About This Home

As of May 2022

Charming 1895 Queen Anne House (Historical Registry). Six (6) apartments are professionally restored to their original style but with modern plumbing, electrical and comfort conveniences (2020-2021). The fully rented building boasts nine-foot ceilings, huge windows, and a nostalgic turret. Cozy apartments are located on Mount Horeb's Main Street (across from quaint bakeries, coffee shops, and restaurants) and just around the corner from access to the Military Ridge Trail. $63,000 is expected in 2022 revenue. The listing agent is an authorized member of Selah Investments LLC.

Last Agent to Sell the Property

Travis Beck

Realty Executives Cooper Spransy License #80765-94 Listed on: 04/07/2022

Realty Executives Cooper Spransy

Last Buyer's Agent

Jim Schuessler

Stark Company, REALTORS License #63398-94

Stark Company, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,583

Year Built

  • Built in 1895

Lot Details

  • 0.29

Parking

  • 6 Open Parking Spaces

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Schools

  • Mount Horeb Elementary And Middle School
  • Mount Horeb High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Oven or Range
  • Basement Fills Entire Space Under The House
  • 0.29 Acre Lot

Community Details

  • 6 Units
  • Net Operating Income $44,850

Listing and Financial Details

  • Assessor Parcel Number 0606-123-0847-5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,583

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Municipality: Mount Horeb
  • Status Detail: Sold
  • Mailing City: Mount Horeb
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building
  • Miscellaneous: Water Softener Owned
  • Year Built: 1895
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn
  • Number Units W Ac: 6
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Radiant
  • Parking Stalls Outside: 6

Utilities

  • Water Waste: Municipal water
  • Park Unit: 1 space
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 13500

Schools

  • Elementary School: Mount Horeb
  • High School: Mount Horeb
  • Middle School: Mount Horeb
  • School District: Mount Horeb

Lot Info

  • Estimated Aces: 0.29
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 58350

Tax Info

  • Net Taxes: 5583
  • Tax Year: 2021
  • Assessor Parcel Number: 0606-123-0847-5

Multi Family

  • Number Of1 Bedrooms: 5
  • Number Of2 Bedrooms: 1
  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
May 20, 2022
Sold by
Selah Investments Llc
Bought by
Bakken Trollhouse Llc
Seller's Agent
Travis Beck
Realty Executives Cooper Spransy
Buyer's Agent
Jim Schuessler
Stark Company, REALTORS
List Price
$695,000
Sold Price
$720,000
Premium/Discount to List
$25,000
3.6%
Current Estimated Value
$850,694

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,694
Avg. Annual Appreciation
5.37%
Original Mortgage
$576,000
Outstanding Balance
$547,187
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$323,839

Purchase Details

Closed on
Dec 13, 2019
Sold by
Anderson John C and John C Anderson Revocable Trus
Bought by
Selah Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
3.7%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bakken Trollhouse Llc $720,000 None Listed On Document
Selah Investments Llc $330,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bakken Trollhouse Llc $576,000
Previous Owner Selah Investments Llc $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $720,000 +3.6% $209 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/07/2022 04/07/22 For Sale $695,000 -- $201 / Sq Ft
Source: South 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
2023 $11,429 $746,300 $92,000 $654,300
2022 $8,291 $401,100 $65,700 $335,400
2021 $5,583 $272,800 $65,700 $207,100
2020 $5,441 $272,800 $65,700 $207,100
2019 $5,497 $272,800 $65,700 $207,100
2018 $5,375 $272,800 $65,700 $207,100
2017 $5,331 $251,700 $64,900 $186,800
2016 $4,901 $251,700 $64,900 $186,800
2015 $4,631 $251,700 $64,900 $186,800
2014 -- $251,700 $64,900 $186,800
2013 $4,827 $251,700 $64,900 $186,800
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Travis Beck

    Realty Executives

    Section Image
  • Jim Schuessler

    Buyer's Agent in 2022

    Jim Schuessler

    Stark Company, REALTORS

    (608) 445-0766

    2 in this area

    59 Total Sales

    Jim Schuessler
    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1931316

South Central Wisconsin Multiple Listing Service

APN: 0606-123-0847-5

Wisconsin Dane County Mount Horeb 53572

409 E Main St, Mount Horeb, WI

Not Listed for Sale

MultiFamily

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