NOT LISTED FOR SALE

425 King Olav Ln Iola, WI 54945

Estimated Value: $375,000 - $378,641

8 Beds
4 Baths
3,120 Sq Ft
$121/Sq Ft Est. Value

Last Sold October 28, 2024

Last sale price $340,000 $109 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,231/month

58 Days on Market

About This Home

As of October 2024

Great investment property. Well maintained 4 unit apartment building with excellent rental history. Separate 4 stall garage. This is an excellent time to start or add to your investment portfolio as rental property in the immediate area is very limited.

Last Agent to Sell the Property

Brian Derus

Homestead Realty Sales - Iola, LLC License #90-55465 Listed on: 08/30/2024

Homestead Realty Sales - Iola, LLC

Last Buyer's Agent

Brian Derus

Homestead Realty Sales - Iola, LLC License #90-55465 Listed on: 08/30/2024

Homestead Realty Sales - Iola, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,031

Year Built

  • 1982

Lot Details

  • 1.38 Acre Lot

Parking

  • 4 Parking Spaces

Home Design

  • Poured Concrete
  • Cedar Shake Siding

Interior Spaces

  • 3,120 Sq Ft Home
  • 2-Story Property

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,031

Year Built

1982

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Type: Multifamily (3+ Unit)
  • Stylebuilding Type: 2 Story, Apartment Building, Multi-Level
  • Tax Municipality: Iola, Village of
  • Remarks Exclusions Public: Tenants personal property
  • Remarks Inclusions Public: Riding lawn mower/snow blower included
  • Total Units: 4
  • Unit Identifier: Village of Iola
  • Remarks Public: Great investment property. Well maintained 4 unit apartment building with excellent rental history. Separate 4 stall garage. This is an excellent time to start or add to your investment portfolio as rental property in the immediate area is very limited.
  • Tax Municipal Sub Area: None
  • Water Features Other: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1982

Interior Features

  • Source Total Fin Sq Ft: Assessor/Public Record
  • Sq Ft Fin Above Grade Est: 3120
  • Sq Ft Total Fin Above And Below: 3120

Exterior Features

  • Exterior Finish Of Building: Wood/Wood Shake/Cedar
  • Foundation For Building: Poured Concrete

Garage/Parking

  • Number Of Total Parking Inside: 4
  • Number Of Total Parking Outside: 5
  • Building Parking: Detached

Utilities

  • Utilities: Indv Control/Unit, Sep Elec Meters/Unit, Sep Gas Meter/Unit
  • Heating Cooling: Central A/C
  • Heating Fuel Type: Natural Gas
  • Number Of Ac Units: 4
  • Number Of Furnaces: 4
  • Number Of Water Heaters: 4
  • Number Of Water Softeners: 1
  • Waste For Building: Municipal Sewer
  • Water For Building: Municipal Public Water

Lot Info

  • Estimated Acres: 1.38
  • Zoning: Multi-Family(4Units)
  • Geo Address Line: 425 King Olav Ln
  • Geo Primary City: Iola
  • Geo Quality: 0.95
  • Geo Subdivision: WI

Tax Info

  • Assessor Parcel Number: 26-02-73-18
  • Tax Net Amt: 3031.41

Multi Family

  • Number Of Dryers: 1
  • Number Of Refrigerators: 4
  • Number Of Washers: 1
  • Total Numberof Buildings: 1
  • Bedrooms: 2

MLS Schools

  • School District: Iola-Scandinavia

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2024
Closed on
Oct 22, 2024
Sold by
Phinney Patricia A
Bought by
Christie Jonathan
Seller's Agent
Brian Derus
Homestead Realty Sales - Iola, LLC
Buyer's Agent
Brian Derus
Homestead Realty Sales - Iola, LLC
List Price
$339,700
Sold Price
$340,000
Premium/Discount to List
$300
0.09%
Views
12
Current Estimated Value
$376,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,821
Avg. Annual Appreciation
8.17%
Original Mortgage
$323,000
Outstanding Balance
$319,507
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$57,314

Purchase Details

Closed on
Nov 15, 2011
Sold by
Bestul Joann and Lytle Douglas D
Bought by
Jacobson Roy R and Phinney Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Christie Jonathan $340,000 Gowey Abstract & Title
Jacobson Roy R $130,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christie Jonathan $323,000
Previous Owner Jacobson Roy R $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2024 10/28/24 Sold $340,000 +0.1% $109 / Sq Ft
10/27/2024 10/27/24 Pending -- -- --
08/30/2024 08/30/24 For Sale $339,700 -- $109 / Sq Ft
Source: REALTORS® Association of Northeast Wisconsin

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 $3,287 $142,600 $18,800 $123,800
2023 $3,287 $130,200 $11,500 $118,700
2022 $3,208 $130,200 $11,500 $118,700
2021 $3,267 $130,200 $11,500 $118,700
2020 $3,420 $130,200 $11,500 $118,700
2019 $3,463 $130,200 $11,500 $118,700
2018 $3,503 $130,200 $11,500 $118,700
2017 $3,566 $130,200 $11,500 $118,700
2016 $3,426 $130,200 $11,500 $118,700
2015 $3,540 $130,200 $11,500 $118,700
2014 $3,507 $130,200 $11,500 $118,700
2013 $3,548 $130,200 $11,500 $118,700
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Brian Derus

    Homestead Realty Sales - Iola, LLC

    (715) 281-5919

    20 Total Sales

    Brian Derus
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Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50297270

REALTORS® Association of Northeast Wisconsin

APN: 26-02-73-18

Wisconsin Waupaca County Iola 54945

425 King Olav Ln, Iola, WI

Not Listed for Sale

MultiFamily

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