NOT LISTED FOR SALE

505 5th Ave E Ashland, WI 54806

6 Beds
4 Baths
2,880 Sq Ft
6,970 Sq Ft Lot

Last Sold September 29, 2022

Last sale price $118,000 $41 Per Sq Ft

77 Days on Market

Highlights

  • No HOA
  • Porch
  • Forced Air Heating System
  • Balcony
  • Views
  • Hot Water Heating System

About This Home

As of September 2022

Fourplex in the heart of Ashland adjacent to the Rail Trail. Income opportunity that includes two apartments on the main level and two upstairs. Upper level deck on the back of the property. Your tenants will enjoy being just steps from the trail and blocks from Main Street and the beaches of Lake Superior.

Last Agent to Sell the Property

Faith Mauritz

Coldwell Banker Realty - Ashland Listed on: 05/06/2022

Coldwell Banker Realty - Ashland

Last Buyer's Agent

Mark Hoglund

RE/MAX Professionals - Ashland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,847

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot
  • Lot Dimensions are 50x140
  • Level Lot

Home Design

  • Quadruplex
  • Side-by-Side
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,880 Sq Ft Home
  • Multi-Level Property
  • Crawl Space
  • Property Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • No Garage
  • Gravel Driveway
  • On-Street Parking

Outdoor Features

  • Balcony
  • Porch

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 201020060000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,847

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Going East on HWY 2, take a right on 5th Ave E, property on right with sign after 5th St E.
  • L O1 Office Phone1 Number: 715-292-6513
  • Tax Year: 2022
  • Twp Number: 48
  • View Type:Pond View: Typical
  • Lot Description Waterfront: No
  • Amenities Exterior: Balcony, Porch
  • CondoPropertyType: Side by Side
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2880
  • Garage Type: None
  • Heat: Forced Air, Hot Water, Natural Gas
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 6
  • MediaType: Fourplex
  • Year Built: 1900
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: Crawl Space
  • Stories: 1.25 - 1.75 Story
  • Total Bathrooms: 4
  • Total Fin Square Footage: 2880

Exterior Features

  • Road Frontage: City, Curb/Gutters, Paved, Sidewalk, Street Lights
  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Street, Driveway - Gravel

Utilities

  • Power Company: Xcel Energy
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Shared: Porch
  • Association Fee: No

Schools

  • Junior High Dist: Ashland (WI) #170

Lot Info

  • Estimated Lot Dimensions: 50X140
  • Estimated Number of Acres: 0.16
  • Cultivated Acreage: LSAR
  • Lot Description: Level
  • Parcel Number: 201020060000

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Electric

Tax Info

  • Tax Amount: 1846.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2017
Sold by
Hershberger Keith B
Bought by
Hershberger Beau A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,918
Outstanding Balance
$116,092
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2012
Sold by
Amercian Bank Of The North
Bought by
Hershberger Beau A and Hershberger Keith B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$205,629
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2009
Sold by
Garden Superior Properties Llc
Bought by
Hjs Properties Llc

Purchase Details

Closed on
Jan 17, 2007
Sold by
Hjs Properties Llc
Bought by
Garden Superior Properties Llc
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
Hershberger Beau A -- --
Hershberger Beau A $400,000 Choice Title
Hjs Properties Llc -- None Available
Garden Superior Properties Llc $106,400 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hershberger Beau A $139,918
Open Hershberger Beau A $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $118,000 -15.7% $41 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
05/06/2022 05/06/22 For Sale $139,900 -- $49 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $2,208 $80,600 $9,500 $71,100
2023 $1,987 $80,600 $9,500 $71,100
2022 $1,933 $80,600 $9,500 $71,100
2021 $1,847 $80,600 $9,500 $71,100
2020 $1,655 $65,800 $7,300 $58,500
2019 $1,629 $65,800 $7,300 $58,500
2018 $1,561 $65,800 $7,300 $58,500
2017 $1,567 $65,800 $7,300 $58,500
2016 $1,622 $65,800 $7,300 $58,500
2015 $1,616 $65,800 $7,300 $58,500
2014 $1,452 $65,800 $7,300 $58,500
2013 $1,552 $65,800 $7,300 $58,500
Source: Public Records

Agents Affiliated with this Home

  • Faith Mauritz

    Seller's Agent in 2022

    Faith Mauritz

    Coldwell Banker Realty - Ashland

    (715) 813-9554

    85 in this area

    166 Total Sales

    Faith Mauritz
    Section Image

  • M

    Buyer's Agent in 2022

    Mark Hoglund

    RE/MAX Professionals - Ashland

    (715) 682-2561

    29 in this area

    114 Total Sales

    Mark Hoglund
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6103091

APN: 201-02006-0000

Wisconsin Ashland County Ashland 54806

505 5th Ave E, Ashland, WI

Not Listed for Sale

MultiFamily

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