NOT LISTED FOR SALE

504 River Ave E Unit 5 Ladysmith, WI 54848

Estimated Value: $349,804 - $734,000

Studio
-- Bath
6,990 Sq Ft
0.73 Acres

Last Sold August 13, 2020

Last sale price $225,000 $32 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,849/month

383 Days on Market

Highlights

  • Sauna
  • Waterfront
  • Cooling Available
  • River View
  • Deck
  • Forced Air Heating System

About This Home

As of August 2020

5 unit apartment building in the city of Ladysmith, good cash flow, two garages, was a former owners personal residence and it's on the Flambeau River

Last Agent to Sell the Property

Brian Reynolds

Weisenberger Realty LLC License #56157-90 Listed on: 06/26/2019

Last Buyer's Agent

Candice Cossio

Riverbend Realty Group, LLC License #80803-94

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,581

Year Built

  • Built in 1940

Lot Details

  • 0.73

Home Design

  • Block Foundation
  • Stone Foundation
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 6,990 Sq Ft Home
  • Sauna
  • River Views
  • Partially Finished Basement
  • Partial Basement

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher

Parking

  • Garage
  • Garage Door Opener
  • Driveway

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Additional Features

  • Deck
  • Waterfront

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 246-02479-0000

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,581

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: From Hwy 8 at the bottom of the bridge by memorial park in Ladysmith, East on River Ave to sign on the right about 2 blocks
  • Lot Size: 150 x 200 x
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Year Built: 1940
  • Lot Size Acres: 0.73
  • View Type:Pond View: River
  • Water Body Name: Flambeau
  • Co List Office Phone: 715-532-6631
  • MLS Status: Closed
  • Above Grade Finished Sq Ft: 6990.0
  • Living Area: 6990.0
  • Reso Window Features: Window Coverings
  • Property Sub Type Additional: Apartment
  • General Property Information Below Grade Unfinished Area: 750.0
  • Special Features: None

Interior Features

  • Has Basement: Partial, Partially Finished
  • Interior Amenities: Ceiling Fan(s)
  • Spa Features: Sauna
  • Appliances: Dishwasher, Electric Water Heater, Gas Water Heater, Microwave, Oven, Range, Refrigerator, Range Hood
  • Basement YN: Yes

Exterior Features

  • Foundation Details: Block, Poured, Stone
  • Waterfront: Yes
  • View: Yes
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck

Garage/Parking

  • Parking Features: Asphalt, Concrete, Driveway, Gravel, Garage Door Opener

Utilities

  • Cooling: Central Air
  • Electric: Circuit Breakers, Fuses
  • Heating: Baseboard, Forced Air, Hot Water
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Ladysmith

Lot Info

  • ResoLotSizeUnits: Acres
  • Parcel Number: 246-02479-0000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 5580.72

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2019
Closed on
Aug 5, 2020
Sold by
Susan K Fredrick Revocable Trust
Bought by
Fairhaven Rentals Llc
Seller's Agent
Brian Reynolds
Weisenberger Realty LLC
Buyer's Agent
Candice Cossio
Riverbend Realty Group, LLC
List Price
$260,000
Sold Price
$225,000
Premium/Discount to List
-$35,000
-13.46%
Current Estimated Value
$446,374

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,374
Avg. Annual Appreciation
13.68%

Purchase Details

Closed on
Dec 28, 2005
Sold by
Frederick Lynn
Bought by
Fredrick Susan K

Purchase Details

Closed on
Dec 12, 2005
Sold by
Fredrick Lynn
Bought by
Fredrick Susan
Source: Public Records
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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
Fairhaven Rentals Llc $225,000 None Available
Fairhaven Rentals Llc $225,000 None Available
Fredrick Susan K $192,800 --
Fredrick Susan K $192,800 --
Fredrick Susan $139,300 --
Fredrick Susan $139,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Fredrick Susan K $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2020 08/13/20 Sold $225,000 -13.5% $32 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
06/26/2019 06/26/19 For Sale $260,000 -- $37 / Sq Ft
Source: Northwestern Wisconsin Multiple Listing Service

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
2025 $6,329 $207,900 $37,600 $170,300
2024 $6,005 $207,900 $37,600 $170,300
2023 $5,423 $207,900 $37,600 $170,300
2022 $5,574 $207,900 $37,600 $170,300
2021 $5,774 $207,900 $37,600 $170,300
2020 $5,823 $207,900 $37,600 $170,300
2019 $5,581 $207,900 $37,600 $170,300
2018 $5,247 $207,900 $37,600 $170,300
2017 $5,207 $232,400 $38,900 $193,500
2016 $5,015 $232,400 $38,900 $193,500
2015 $6,485 $251,700 $38,900 $212,800
2014 $5,646 $251,700 $38,900 $212,800
2013 $5,245 $251,700 $38,900 $212,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwestern Wisconsin Multiple Listing Service

MLS Number: 1532895

Northwestern Wisconsin Multiple Listing Service

APN: 246-02479-0000