$48,000
SOLD NOV 24, 2015

507 W 2nd Ave Unit 509 Brodhead, WI 53520

4 Beds
2 Baths
2,200 Sq Ft
9,801 Sq Ft Lot

Recently Sold

$22 Per Sq Ft

20% Below List Price

42 Days on Market

About This Home

As of August 2019

Nice investment property and a very motivated seller. This 2 unit would make a nice owner occupied property, or a good income producer!

Last Agent to Sell the Property

Steven Hedeman

First Weber Hedeman Group License #16974-90 Listed on: 08/21/2015

First Weber Hedeman Group

Last Buyer's Agent

Kevin Visel

Acres Realty License #57578-90

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1911

Home Design

  • Duplex
  • Vinyl Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range

Basement

  • Partial Basement
  • Crawl Space

Schools

  • Ronald R Albrecht Elementary School
  • Brodhead Middle School
  • Brodhead High School

Utilities

  • Forced Air Heating System
  • Separate Meters

Additional Features

  • 2-Story Property
  • 9,801 Sq Ft Lot

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 206-0100.0000

Property Details

Home Type

Multi-Family

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Municipality: Brodhead
  • Status Detail: Sold
  • Mailing City: Brodhead
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, 2 story
  • Noi Year: 2015
  • Year Built: 1911
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Crawl space
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Water Heaters: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: Detached
  • Utilities: Separate elec meters

Schools

  • School District: Brodhead
  • Elementary School: Ronald R Albrecht
  • Middle School: Brodhead
  • High School: Brodhead
  • Elementary School: Ronald R Albrecht
  • High School: Brodhead
  • Middle School: Brodhead
  • School District: Brodhead

Lot Info

  • Estimated Aces: 0.225
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 13680

Tax Info

  • Land Assessment: 14700
  • Improvements: 81800
  • Total Assessment: 96500
  • Assessment year: 2014
  • Net Taxes: 2443
  • Tax Year: 2014
  • Assessor Parcel Number: 206-0100.0000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Aug 1, 2019
Sold by
Upward Properties Llc
Bought by
Tollakson Jacob V
Seller's Agent
Kevin Visel
Acres Realty
Buyer's Agent
Trevor Gilson
EXP Realty, LLC
List Price
$125,000
Sold Price
$115,000
Premium/Discount to List
-$10,000
-8%
Current Estimated Value
$197,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,086
Avg. Annual Appreciation
9.34%
Original Mortgage
$92,000
Outstanding Balance
$81,520
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$114,818

Purchase Details

Listed on
Aug 21, 2015
Closed on
Nov 24, 2015
Sold by
Ore Inc
Bought by
Upward Properties Llc
Seller's Agent
Steven Hedeman
First Weber Hedeman Group
Buyer's Agent
Kevin Visel
Acres Realty
List Price
$59,900
Sold Price
$48,000
Premium/Discount to List
-$11,900
-19.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.72%
Original Mortgage
$124,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 19, 2015
Sold by
Kpq Properties Inc
Bought by
Ore Inc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $115,000 None Available
Quit Claim Deed $46,000 None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $92,000 Adjustable Rate Mortgage/ARM
Previous Owner $124,000 Purchase Money Mortgage
Previous Owner $72,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2019 08/01/19 Sold $115,000 0.0% $52 / Sq Ft
06/04/2019 06/04/19 Price Changed $115,000 -8.0% $52 / Sq Ft
05/17/2019 05/17/19 For Sale $125,000 +160.4% $57 / Sq Ft
11/24/2015 11/24/15 Sold $48,000 -19.9% $22 / Sq Ft
10/02/2015 10/02/15 Pending -- -- --
08/21/2015 08/21/15 For Sale $59,900 -- $27 / 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
2023 $2,747 $148,600 $22,000 $126,600
2022 $2,630 $134,300 $16,300 $118,000
2021 $2,574 $98,950 $14,700 $84,250
2020 $2,621 $96,500 $14,700 $81,800
2019 $2,418 $96,500 $14,700 $81,800
2018 $2,307 $96,500 $14,700 $81,800
2017 $2,328 $96,500 $14,700 $81,800
2016 $2,443 $96,500 $14,700 $81,800
2014 $2,443 $96,500 $14,700 $81,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1756518

South Central Wisconsin Multiple Listing Service

APN: 23-206-100.0000