$115,000
SOLD AUG 1, 2019

507 W 2nd Ave Unit 509 Brodhead, WI 53520

4 Beds
2 Baths
2,200 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$52 Per Sq Ft

8% Below List Price

25 Days on Market

Highlights

  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Washer and Dryer

About This Home

As of August 2019

Solid cash-flow already in place! This two-unit duplex is fully rented and ready to go. Improvements during the last 3 years include new roof, new furnace, new water heater, new double-pane windows in 509, new carpet in 507, updated appliances. Tenants handle snow removal and lawn mowing. Housing demand is high and these units have always rented immediately under current ownership. Dimensions are approximate, buyer to verify if important. Water softener is rented. Tenants have pets and have paid pet deposits. Seller is a licensed broker. This property is part of a portfolio sale along with MLS #1857712.

Last Agent to Sell the Property

Kevin Visel

Acres Realty License #57578-90 Listed on: 05/17/2019

Last Buyer's Agent

Trevor Gilson

EXP Realty, LLC License #85538-94

EXP Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,307

Year Built

  • Built in 1911

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Partial Basement

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 2 Covered Spaces
  • Outside Parking

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • Water Softener Leased

Community Details

  • 2 Units
  • Net Operating Income $10,631

Listing and Financial Details

  • Assessor Parcel Number 206-0100.0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,307

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
  • Items Excluded: Water softener is rented.
  • Items Included: Both units include refrigerator, stove/oven, and washer/dryer.
  • Miscellaneous: Water Softener Rented
  • Noi Year: 2018
  • Year Built: 1911
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Number Dryers: 2
  • Number Furnaces: 1
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Heaters: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 2
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage, Detached, 2 spaces, Outside
  • Utilities: Separate elec meters, Separate water meters

Fee Information

  • Total Expenses: 9169

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: 0.23
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 19800

Tax Info

  • Land Assessment: 14700
  • Improvements: 81800
  • Total Assessment: 96500
  • Assessment year: 2018
  • Net Taxes: 2307
  • Tax Year: 2018
  • 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
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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 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

  • Kevin Visel

    Seller's Agent in 2019

    Kevin Visel

    Acres Realty

    (608) 556-2088

    17 Total Sales

    Section Image

  • T

    Buyer's Agent in 2019

    Trevor Gilson

    EXP Realty, LLC

    (608) 214-6898

    3 in this area

    10 Total Sales

    Section Image

  • S

    Seller's Agent in 2015

    Steven Hedeman

    First Weber Hedeman Group

    (608) 558-2429

    1 in this area

    14 Total Sales

    Section Image
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1857708

South Central Wisconsin Multiple Listing Service

APN: 23-206-100.0000

Wisconsin Green County Brodhead 53520

507 W 2nd Ave Unit 509, Brodhead, WI

This home is located at 507 W 2nd Ave Unit 509, Brodhead, WI 53520 and is currently priced at $115,000, approximately $52 per square foot. This property was built in 1911. 507 W 2nd Ave Unit 509 is a home located in Green County with nearby schools including Ronald R. Albrecht Elementary School, Brodhead Middle School, and Brodhead High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

South Central Wisconsin Multiple Listing Service IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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