NOT LISTED FOR SALE

501 W Elm Dr Loyal, WI 54446

Estimated Value: $158,000 - $759,827

6 Beds
3 Baths
1,734 Sq Ft
$208/Sq Ft Est. Value

Last Sold September 12, 2017

Last sale price $200,000 $115 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,259/month

94 Days on Market

Highlights

  • Eat-In Kitchen
  • Family Room
  • Level Lot
  • Forced Air Heating System
  • Laundry Facilities
  • Low Pile Carpeting

About This Home

As of September 2017

Here it is - a great business opportunity that offers two buildings and a total of 16 apartments. They consist of 4 one bedroom, 4 two bedroom, and 8 three bedroom apartments. Both buildings are in good condition and will likely be a short sale. The project is enrolled in a Rural Development rental assistance program that will be terminated at the time of sale. If you are looking for a good solid income from rental property for many years to come then this is it. It could be a great tax shelter as well. Call us today for more information..

Last Agent to Sell the Property

Howard Miles

Jon Miles Real Estate License #69524-94 Listed on: 11/14/2016

Jon Miles Real Estate

Co-Listed By

Jonathan Miles

Jon Miles Real Estate License #52646-90

Last Buyer's Agent

Howard Miles

Jon Miles Real Estate License #69524-94 Listed on: 11/14/2016

Jon Miles Real Estate

Property Details

Home Type

  • Multi-Family

Lot Details

  • 1.26 Acre Lot
  • Level Lot

Home Design

  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Parking

  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Low Pile Carpeting

Schools

  • Call School District Elementary And Middle School
  • Call School District High School

Utilities

  • Forced Air Heating System
  • Separate Meters

Community Details

  • 16 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 246.0713.002

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Municipality: Loyal
  • Status Detail: Sold
  • Mailing City: Loyal
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Barrier Free: Level drive, Level lot, Low pile or no carpeting
  • Items Excluded: All other personal property of the seller and tenants.
  • Items Included: 16 Refrigerators and 16 Range/Oven
  • Miscellaneous: Shared laundry
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Poured concrete foundatn

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Forced air

Utilities

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

Schools

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

Lot Info

  • Estimated Aces: 1.26
  • Zoning: Res
  • Geo Subdivision: WI

Tax Info

  • Net Taxes: 5927
  • Tax Year: 2015
  • Assessor Parcel Number: 246.0713.002

Multi Family

  • Number Of1 Bedrooms: 4
  • Number Of2 Bedrooms: 8
  • Number Of3 Bedrooms: 4
  • Number Of Units: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2021
Sold by
Lisenby Properties Llc
Bought by
Centerpoint Properties Llc
Current Estimated Value
$360,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,555,840
Outstanding Balance
$2,319,028
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$1,958,086

Purchase Details

Listed on
Nov 14, 2016
Closed on
Sep 12, 2017
Sold by
Northland Loyal Apartments
Bought by
Lisenby Properties Llc
Seller's Agent
Howard Miles
Jon Miles Real Estate
Buyer's Agent
Howard Miles
Jon Miles Real Estate
List Price
$640,000
Sold Price
$200,000
Premium/Discount to List
-$440,000
-68.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$348,000
Interest Rate
3.93%
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
Centerpoint Properties Llc $2,722,900 None Available
Lisenby Properties Llc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Centerpoint Properties Llc $2,555,840
Previous Owner Lisenby Properties Llc $348,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2017 09/12/17 Sold $200,000 -68.8% $115 / Sq Ft
11/14/2016 11/14/16 For Sale $640,000 -- $369 / 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
2024 $17,354 $642,300 $19,600 $622,700
2023 $15,965 $642,300 $19,600 $622,700
2022 $14,118 $642,300 $19,600 $622,700
2021 $12,448 $444,300 $17,500 $426,800
2020 $13,352 $444,300 $17,500 $426,800
2019 $13,322 $444,300 $17,500 $426,800
2018 $7,147 $239,700 $17,500 $222,200
2017 $496 $239,700 $17,500 $222,200
2016 $6,833 $240,700 $18,500 $222,200
2015 -- $240,700 $18,500 $222,200
2014 -- $240,700 $18,500 $222,200
2013 -- $240,700 $18,500 $222,200
2011 -- $240,700 $18,500 $222,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1790537

South Central Wisconsin Multiple Listing Service

APN: 246.0713.002