NOT LISTED FOR SALE

503 Lincoln Ave Rio, WI 53960

Estimated Value: $255,000 - $386,000

4 Beds
2 Baths
3,131 Sq Ft
$99/Sq Ft Est. Value

Last Sold January 15, 2024

Last sale price $230,000 $73 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,984/month

11 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Laundry Room
  • Den
  • Eat-In Kitchen
  • Water Softener is Owned

About This Home

As of January 2024

A must see investment opportunity which can easily and conservatively pull $950+ per unit! This awesome 2-flat duplex was converted from a beautiful, enormous Victorian home situated on a nearly ½ acre lot, and has a shared 3-car garage! The inside downstairs unit is a 2 bed, 1 bath and still has much of the original woodwork, original hardwood floors, high ceilings and newer windows throughout. Upstairs unit is wide open with 2 beds + office, 1 bath and has a private balcony and a storage room! With some TLC to the siding, you can restore the exterior to its original beauty or modernize it into something new! Whether you want to rent both units or owner occupy (house hack!), this is a great opportunity to start or add to your portfolio! Or easily converted back to a single family home!

Last Agent to Sell the Property

Matt Vigil

Stark Company, REALTORS License #58648-90 Listed on: 10/16/2023

Stark Company, REALTORS

Co-Listed By

Laura Vigil

Stark Company, REALTORS License #83852-94

Last Buyer's Agent

Chris Mayhew

Century 21 Affiliated License #67045-94

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,011

Lot Details

  • 0.44

Parking

  • 3 Covered Spaces

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Dining Room
  • Den
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Laundry

  • Laundry Room
  • Washer and Dryer

Basement

  • Partial Basement
  • Shared Basement

Schools

  • Rio Elementary And Middle School
  • Rio High School

Utilities

  • Forced Air Heating System
  • Individual Controls for Heating
  • Water Softener is Owned

Additional Features

  • Balcony
  • 0.44 Acre Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 11177 44

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,011

Lot Details

0

Listing Details

  • Municipality: Rio
  • Status Detail: Sold
  • Mailing City: Rio
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: 2 story, 2 flat-up and down
  • Items Excluded: seller personal property
  • Items Included: 2 ranges, 2 refrigerators, 2 microwaves, 2 washers, 2 dryers, 4 window a/c units, 1 water softener
  • Miscellaneous: Water Softener Owned
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Number Dryers: 2
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 3

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, 2 stall garage

Schools

  • Elementary School: Rio
  • High School: Rio
  • Middle School: Rio
  • School District: Rio

Lot Info

  • Estimated Aces: 0.44
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 22800

Tax Info

  • Net Taxes: 4011
  • Tax Year: 2022
  • Assessor Parcel Number: 11177 44

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2023
Closed on
Jan 16, 2024
Sold by
Hillsamer Aaron
Bought by
Strix Jessica and Strix Joshua
Seller's Agent
Matt Vigil
Stark Company, REALTORS
Buyer's Agent
Chris Mayhew
Century 21 Affiliated
List Price
$240,000
Sold Price
$230,000
Premium/Discount to List
-$10,000
-4.17%
Views
162
Current Estimated Value
$310,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,277
Avg. Annual Appreciation
16.41%

Purchase Details

Listed on
Sep 9, 2018
Closed on
Oct 31, 2018
Sold by
The Estate Of Muriel Caleb Epps
Bought by
Hillsamer Aaron
Seller's Agent
Marine Yoo
Real Broker LLC
Buyer's Agent
Marine Yoo
Real Broker LLC
List Price
$90,000
Sold Price
$175,000
Premium/Discount to List
$85,000
94.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.39%
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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Purchase History

Date Buyer Sale Price Title Company
Strix Jessica $230,000 C. Reimer
Hillsamer Aaron $175,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2024 01/15/24 Sold $230,000 -4.2% $73 / Sq Ft
10/26/2023 10/26/23 For Sale $240,000 +4.3% $77 / Sq Ft
10/16/2023 10/16/23 Off Market $230,000 -- --
10/31/2018 10/31/18 Sold $175,000 -7.9% $57 / Sq Ft View Prior Sale
09/10/2018 09/10/18 Price Changed $190,000 +111.1% $62 / Sq Ft
09/09/2018 09/09/18 For Sale $90,000 -- $29 / 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 $4,329 $228,000 $27,600 $200,400
2023 $4,452 $228,000 $27,600 $200,400
2022 $4,011 $228,000 $27,600 $200,400
2021 $6,073 $256,300 $22,800 $233,500
2020 $5,960 $256,300 $22,800 $233,500
2019 $5,781 $256,300 $22,800 $233,500
2018 $5,714 $256,300 $22,800 $233,500
2017 $5,868 $256,300 $22,800 $233,500
2016 $5,692 $256,300 $22,800 $233,500
2015 $5,921 $256,300 $22,800 $233,500
2014 $5,527 $256,300 $22,800 $233,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1965812

South Central Wisconsin Multiple Listing Service

APN: 11177-44