NOT LISTED FOR SALE

507 2nd St New Glarus, WI 53574

Estimated Value: $487,393

7 Beds
5 Baths
4,531 Sq Ft
$108/Sq Ft Est. Value

Last Sold July 14, 2017

Last sale price $260,000 $57 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $3,241/month

Highlights

  • Open Floorplan
  • Den
  • Eat-In Kitchen
  • New Glarus Elementary School Rated A
  • Balcony
  • 2-minute walk to New Glarus Village Park

About This Home

As of July 2017

Unique opportunity! 3 units which include a Beautiful updated Victorian home w/gorgeous wood work & a large attic that offers endless possibilities. There is a wonderful 2 bedroom, 2 bath apartment w/a large deck, plus a small 1 bedroom apartment in the LL. Lots of parking w/ a 2 car garage and an area that could hold as many as 7 vehicles. This property rents easily and would also make a great Bed & Breakfast. The house is currently owner occupied. You must see to appreciate! A unique opportunity that does not come along often. Amazing amounts of opportunities await you.

Last Agent to Sell the Property

Lorri Stueber

Restaino & Associates License #65512-94 Listed on: 03/16/2017

Restaino & Associates

Last Buyer's Agent

Sherry Wilde

South Central Non-Member License #16725-90

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • Open Floorplan
  • Family Room
  • Dining Room
  • Den
  • Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Garage
  • Garage Door Opener
  • Driveway Level
  • Outside Parking

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting
  • Ramped or Level from Garage

Outdoor Features

  • Balcony

Schools

  • New Glarus Elementary And Middle School
  • New Glarus High School

Utilities

  • Central Air
  • Heating System Uses Steam
  • Water Softener is Owned

Community Details

  • 3 Units
  • Net Operating Income $15,900

Listing and Financial Details

  • Assessor Parcel Number 161-0047.0000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Municipality: New Glarus
  • Status Detail: Sold
  • Mailing City: New Glarus
  • Class: Multi Family
  • Type: Multi Family
  • Barrier Free: Open floor plan, Ramped or lvl from garage, First floor bedroom, First floor full bath, Level drive, Level lot, Low pile or no carpeting
  • Miscellaneous: Water Softener Owned
  • Noi Year: 2012
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Walkout to yard, Partially finished
  • Number Dish Washers: 2
  • Number Dryers: 1
  • Number Furnaces: 2
  • Number Refrigerators: 3
  • Number Stoves: 3
  • Number Units W Ac: 3
  • Number Washers: 1
  • Number Water Heaters: 2
  • Number Water Softeners: 2

Exterior Features

  • Exterior: Vinyl, Wood

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Steam

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Attached, Outside, Opener inc

Schools

  • School District: New Glarus
  • Elementary School: New Glarus
  • Middle School: New Glarus
  • High School: New Glarus
  • Elementary School: New Glarus
  • High School: New Glarus
  • Middle School: New Glarus
  • School District: New Glarus

Lot Info

  • Estimated Aces: 0.3
  • Zoning: Com
  • Geo Subdivision: WI

Rental Info

  • Total Income: 15600

Tax Info

  • Land Assessment: 65300
  • Improvements: 219200
  • Total Assessment: 284500
  • Assessment year: 2015
  • Net Taxes: 7199
  • Tax Year: 2015
  • Assessor Parcel Number: 161-0047.0000

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 1
  • Number Of3 Bedrooms: 1
  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2017
Closed on
Jul 10, 2017
Sold by
Baquero Marco A
Bought by
Bercklin Allan G and Bercklin Kathy L
Seller's Agent
Lorri Stueber
Restaino & Associates
Buyer's Agent
Sherry Wilde
South Central Non-Member
List Price
$285,000
Sold Price
$260,000
Premium/Discount to List
-$25,000
-8.77%
Current Estimated Value
$487,393

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,393
Avg. Annual Appreciation
7.91%
Original Mortgage
$195,000
Outstanding Balance
$162,234
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$325,159

Purchase Details

Closed on
Apr 28, 1999
Sold by
Peters Keith R and Peters Carol J
Bought by
Baquero Marco A and Baquero Connie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
3.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Bercklin Allan G $260,000 None Available
Baquero Marco A $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bercklin Allan G $195,000
Previous Owner Baquero Marco A $182,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $260,000 -8.8% $57 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
03/16/2017 03/16/17 For Sale $285,000 -- $63 / 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 $7,887 $427,400 $98,000 $329,400
2023 $7,836 $427,400 $98,000 $329,400
2022 $7,463 $263,100 $65,300 $197,800
2021 $6,959 $263,100 $65,300 $197,800
2020 $6,968 $263,100 $65,300 $197,800
2019 $6,662 $263,100 $65,300 $197,800
2018 $6,495 $263,100 $65,300 $197,800
2017 $7,025 $295,500 $65,300 $230,200
2016 $7,301 $284,500 $65,300 $219,200
2014 $7,420 $311,100 $65,300 $245,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1797932

South Central Wisconsin Multiple Listing Service

APN: 16100470000