NOT LISTED FOR SALE

488 Olympic Dr Unit 490 Slinger, WI 53086

Estimated Value: $524,655 - $669,000

6 Beds
4 Baths
3,000 Sq Ft
$195/Sq Ft Est. Value

Last Sold April 12, 2021

Last sale price $420,000 $140 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,762/month

102 Days on Market

Highlights

  • Open Floorplan
  • Wood Flooring
  • Balcony
  • Slinger High School Rated A
  • Den
  • Fireplace

About This Home

As of April 2021

*INVESTOR OPP!* Great investment opportunity - Large, custom-built duplex in the highly desirable Slinger School District right across from Slinger Middle School. Kids can walk to school. Long-term tenants-$1300 a month rental per unit. Three bedrooms plus a bonus room and 1.5 baths in each unit. Large deck and a walkout lower level with patio which is plumbed for an additional bath. Main floor laundry in each unit. Built in 2000, new roofs, furnaces and water heaters in the last couple of years, check out the attached seller improvements document to see all the recent updates! Take advantage of this rare opportunity to earn passive income with this fantastic investment property.

Last Listed By

Janette Kosmal

Mahler Sotheby's International Realty License #79099-94 Listed on: 10/20/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,442

Year Built

  • Built in 2000

Lot Details

  • 0.35

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Fireplace
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry Room
  • Washer and Dryer

Partially Finished Basement

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

Parking

  • Garage
  • Garage Door Opener
  • Outside Parking

Schools

  • Call School District Elementary School
  • Slinger Middle School
  • Slinger High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Balcony
  • 0.35 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 0611301

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,442

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Municipality: Slinger
  • Status Detail: Sold
  • Mailing City: Slinger
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, 2 story
  • Barrier Free: Open floor plan
  • Items Excluded: Seller's & tenant's personal property
  • Items Included: Refrigerator, stove, dishwasher & water softener
  • Miscellaneous: Water Softener Owned
  • Noi Year: 2019
  • Year Built: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard, Partially finished, Block foundation, Sump pump
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Heaters: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl, Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Attached, 2 spaces, Outside, Opener inc
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 8000

Schools

  • School District: Slinger
  • Elementary School: Call School District
  • Middle School: Slinger
  • High School: Slinger
  • Elementary School: Call School District
  • High School: Slinger
  • Middle School: Slinger
  • School District: Slinger

Lot Info

  • Estimated Aces: 0.35
  • Zoning: RD-1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 31200

Tax Info

  • Land Assessment: 65500
  • Improvements: 292700
  • Total Assessment: 358200
  • Assessment year: 2019
  • Net Taxes: 5442
  • Tax Year: 2019
  • Assessor Parcel Number: 0611301

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Apr 2, 2021
Sold by
Kosmal Mark and Kosmal Mary Jane
Bought by
Schmidt Andrew R
Seller's Agent
Janette Kosmal
Mahler Sotheby's International Realty
Buyer's Agent
SCWMLS Non-Member
South Central Non-Member
List Price
$410,000
Sold Price
$420,000
Premium/Discount to List
$10,000
2.44%
Total Days on Market
102
Current Estimated Value
$584,914

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,914
Avg. Annual Appreciation
8.48%
Original Mortgage
$412,392
Outstanding Balance
$376,607
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$208,307

Range of Values:

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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
Schmidt Andrew R $420,000 Knight Barry Ttl Advantage L
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmidt Andrew R $412,392
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2021 04/12/21 Sold $420,000 +2.4% $140 / Sq Ft
11/03/2020 11/03/20 For Sale $410,000 -2.4% $137 / Sq Ft
10/20/2020 10/20/20 Off Market $420,000 -- --
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
2024 $6,232 $535,000 $91,000 $444,000
2023 $5,537 $399,000 $70,000 $329,000
2022 $5,650 $399,000 $70,000 $329,000
2021 $5,416 $399,000 $70,000 $329,000
2020 $5,481 $358,200 $65,500 $292,700
2019 $5,442 $358,200 $65,500 $292,700
2018 $6,299 $358,200 $65,500 $292,700
2017 $5,067 $324,800 $62,500 $262,300
2016 $6,064 $280,900 $62,500 $218,400
2015 $5,021 $280,900 $62,500 $218,400
2014 $4,965 $280,900 $62,500 $218,400
2013 $5,731 $320,600 $78,000 $242,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1896341

South Central Wisconsin Multiple Listing Service

APN: V5-0611301