NOT LISTED FOR SALE

Estimated Value: $85,000 - $173,197

3 Beds
1 Bath
1,080 Sq Ft
$114/Sq Ft Est. Value

Highlights

  • Main Floor Bedroom
  • Bathtub with Shower
  • High Speed Internet
  • Golda Meir School Rated A-
  • Forced Air Heating System

About This Home

Investor special for the rehabber, bargain hunting occupant buyer, or landlord alike! This three bedroom, one bath Cape Cod offers three nicely-sized bedrooms, an ample living room, hardwood floors prime for refinishing on the main, eat-in kitchen, and a spacious primary bedroom upstairs with enough room for some flex space. A side drive leads to a parking space for at least two cars. Make this property shine once again with the elbow grease and TLC it needs and be rewarded with a great property to sell, rent, or own for less than rent!

Last Agent to Sell the Property

John Newland

TerraNova Real Estate License #55028-90 Listed on: 08/08/2023

Last Buyer's Agent

Alshun Cole

Fathom Realty, LLC License #73855-94

Fathom Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,731

Year Built

  • Built in 1947

Lot Details

  • 5,663 Sq Ft Lot

Parking

  • 2 Car Garage
  • 1 to 5 Parking Spaces

Interior Spaces

  • 1,080 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • 1 Full Bathroom
  • Bathtub with Shower

Basement

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • High Speed Internet

Listing and Financial Details

  • Exclusions: Seller's personal property

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,731

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Single-Family
  • Directions: Sherman Blvd to Ruby Ave, east to 40th St, south to home (no sign)
  • New Construction: No
  • Year Built: 1947
  • Cleared Acreage: Less than 1/2
  • Architecture: Cape Cod
  • Full Street Address: 4425 N 40th STREET
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Lot Acreage: 0.13
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Has Basement: Block, Full, Sump Pump
  • Interior Amenities: Cable/Satellite Available, High Speed Internet, Wood or Sim.Wood Floors
  • Bathroom Description: Tub Only, Shower Over Tub
  • Room Bedroom2 Level: Main
  • Bedroom 3 Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Upper
  • Master Bedroom Master Bedroom Width: 12
  • Second Floor Total Sq Ft: 1080.00

Exterior Features

  • Exclusions: Seller's personal property
  • Exterior Building Type: 1.5 Story
  • Exterior: Aluminum/Steel, Aluminum, Other

Garage/Parking

  • Parking Features:Workshop in Garage: None, 2 Car
  • Garage Spaces: 2.0
  • Garage/Parking: 1 Space

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • Junior High Dist: Milwaukee

Lot Info

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

Tax Info

  • Tax Year: 2022
  • Total Taxes: 1731.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2023
Closed on
Oct 23, 2023
Sold by
Vb One Llc
Bought by
Gvk Homes Llc
Seller's Agent
John Newland
TerraNova Real Estate
Buyer's Agent
Alshun Cole
Fathom Realty, LLC
List Price
$98,000
Sold Price
$72,000
Premium/Discount to List
-$26,000
-26.53%
Views
136
Current Estimated Value
$122,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,799
Avg. Annual Appreciation
30.42%
Original Mortgage
$94,600
Outstanding Balance
$92,761
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$30,038

Purchase Details

Closed on
Feb 8, 2007
Sold by
Hobson Walter L and Hobson Annie B
Bought by
Meidam Brian J and Meidam Shana M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
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
Gvk Homes Llc $72,000 None Listed On Document
Meidam Brian J $47,500 Milwaukee Title Closing Serv
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gvk Homes Llc $94,600
Previous Owner Meidam Brian J $38,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2023 11/05/23 Off Market $78,000 -- --
09/19/2023 09/19/23 Price Changed $78,000 -9.3% $72 / Sq Ft
08/25/2023 08/25/23 Price Changed $86,000 -6.5% $80 / Sq Ft
08/15/2023 08/15/23 Price Changed $92,000 -6.1% $85 / Sq Ft
08/08/2023 08/08/23 For Sale $98,000 -- $91 / 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 $1,380 $64,000 $4,000 $60,000
2023 $1,708 $72,300 $4,000 $68,300
2022 $1,731 $75,800 $4,000 $71,800
2021 $1,659 $65,800 $4,000 $61,800
2020 $1,647 $65,800 $4,000 $61,800
2019 $1,222 $52,200 $4,200 $48,000
2018 $1,284 $52,200 $4,200 $48,000
2017 $1,425 $54,900 $5,700 $49,200
2016 $1,615 $58,900 $5,700 $53,200
2015 $1,648 $58,900 $5,700 $53,200
2014 $1,685 $58,900 $5,700 $53,200
2013 -- $63,200 $5,700 $57,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1845623

Metro MLS

APN: 229-1309-000-8