NOT LISTED FOR SALE

500 S 2nd St Unit 500 Watertown, WI 53094

Estimated Value: $377,944

-- Bed
-- Bath
-- Sq Ft
4,356 Sq Ft Lot

About This Home

INVESTMENT OPPORTUNITY!!! HERE IS A BRICK 5 UNIT APARTMENT BUILDING FEATURING 4 LARGE 1 BED UNITS & 1 EFFICIENCY UNIT. GARAGE, NEWER STEEL ROOF, UPDATED SEPARATE CIRCUIT BREAKERS, 5 WATER HEATERS,5 BOILERS...APARTMENT INFO: #1: MO-TO-MO LEASE,1 BED LOWER UNIT, $650 RENT/$550 SEC DEP, TENANT PAYS GAS/ELECTRIC #2: 1YR LEASE STARTED 10/22,1 BED LOWER UNIT, IN UNIT WASHER & DRYER, AIR,$650 RENT/$650 SEC DEP, TENANT PAYS GAS/ELECTRIC #3:MO-TO-MO LEASE, EFFICIENCY UPPER UNIT, $525 RENT/$425 SEC DEP, TENANT PAYS GAS/ELECTRIC #4 1YR LEASE STARTED 10/22, AIR,1 BED UPPER UNIT, A $625 RENT/$625 SEC DEP, TENANT PAYS GAS/ELECTRIC#5: MO-TO-MO LEASE ,1 BED LOWER UNIT, IN UNIT WASHER &DRYER, $700 RENT/$600 SEC DEP, TENANT PAYS GAS/ELECTRIC. OWNER PAYS WATER APPROX $260/MO+COMMON AREA ELECTRIC APPROX $20/M ********

Last Buyer's Agent

Mike Martin

Martin Real Estate License #35884-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,482

Year Built

  • Built in 1940

Lot Details

  • 4,356

Schools

  • Riverside Middle School

Additional Features

  • Basement Fills Entire Space Under The House
  • 4,356 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 2829108150424038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,482

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.1
  • Directions: MAIN STREET TO 2ND STREET, SOUTH ON 2ND TO PROPERTY ON RIGHT.
  • Year Built: 1940
  • Special Features: None
  • Stories: 0

Interior Features

  • Has Basement: Full

Schools

  • Middle Or Junior School: Riverside

Lot Info

  • Parcel #: 2829108150424038
  • Zoning Description: Commercial
  • Zoning: Commercial

Tax Info

  • Tax Annual Amount: 4482.41
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2022
Closed on
Dec 23, 2022
Sold by
Hb 621 Llc
Bought by
1969 Lincoln Llc
Buyer's Agent
Mike Martin
Martin Real Estate
List Price
$324,500
Views
10
Current Estimated Value
$377,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%

Purchase Details

Closed on
May 31, 2016
Sold by
Damrow Albert R and Damrow Betty J
Bought by
Hb 621 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,750
Interest Rate
3.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2006
Sold by
Damrow Albert R and Damrow Betty J
Bought by
Damrow Albert R and Damrow Betty J
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
1969 Lincoln Llc $295,000 Fidelity Land Title
Hb 621 Llc -- None Available
Damrow Albert R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hb 621 Llc $148,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2023 03/01/23 Off Market $309,900 -- --
11/22/2022 11/22/22 Price Changed $309,900 -4.5% --
11/01/2022 11/01/22 For Sale $324,500 -- --
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 $4,418 $296,200 $20,000 $276,200
2023 $4,203 $237,000 $20,000 $217,000
2022 $4,222 $237,000 $20,000 $217,000
2021 $4,482 $175,000 $20,000 $155,000
2020 $4,431 $175,000 $20,000 $155,000
2019 $4,328 $175,000 $20,000 $155,000
2018 $4,210 $175,000 $20,000 $155,000
2017 $4,000 $175,000 $20,000 $155,000
2016 $3,951 $175,000 $20,000 $155,000
2015 $3,902 $175,000 $20,000 $155,000
2014 $3,956 $175,000 $20,000 $155,000
2013 $4,030 $175,000 $20,000 $155,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Buyer's Agent in 2022

    Mike Martin

    Martin Real Estate

    (920) 248-2622

    51 in this area

    85 Total Sales

    Mike Martin
    Section Image

  • J

    Buyer Co-Listing Agent in 2022

    John Sullivan

    Evergreen Realty Inc

    (608) 524-8284

    6 in this area

    9 Total Sales

    John Sullivan
    Section Image
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Map

Source: Metro MLS

MLS Number: 1816805

Metro MLS

APN: 291-0815-0424-038

Wisconsin Jefferson County Watertown 53094

500 S 2nd St Unit 500, Watertown, WI

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