NOT LISTED FOR SALE

518 Alexander Ave Unit 516 Reedsburg, WI 53959

Estimated Value: $316,489 - $346,000

4 Beds
2 Baths
2,082 Sq Ft
$158/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $210,000 $101 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,172/month

Highlights

  • Open Floorplan
  • Balcony
  • Accessible Bedroom
  • Vaulted Ceiling
  • Eat-In Kitchen
  • Accessible Full Bathroom

About This Home

As of June 2021

Nice rental property for your investment portfolio. Well located one-level side-by-side with attached garages, full basements & great yard. Close to MATC, Westside Elementary, Reedsburg Area High School & Ramsey Park. Tenants pay all utilities. Would be a great owner occupancy property. Low interest & low down payment options while letting your neighbor help pay your mortgage. Tenants would love to stay (518 has lived there 9 years and does yard work - 516 has lived there for 1 year)

Last Agent to Sell the Property

Jeanne Olson

Evergreen Realty Inc License #34317-90 Listed on: 05/07/2021

Last Buyer's Agent

Jeanne Olson

Evergreen Realty Inc License #34317-90 Listed on: 05/07/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,005

Year Built

  • Built in 1994

Lot Details

  • 0.35 Acre Lot
  • Level Lot

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Vaulted Ceiling
  • Laundry in unit

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

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

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom
  • Low Pile Carpeting

Outdoor Features

  • Balcony

Schools

  • Call School District Elementary School
  • Webb Middle School
  • Reedsburg Area High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter
  • High Speed Internet

Community Details

  • 2 Units
  • Westerfair Subdivision

Listing and Financial Details

  • Assessor Parcel Number 276-2403-00000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,005

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Municipality: Reedsburg
  • Status Detail: Sold
  • Mailing City: Reedsburg
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, 1 story
  • Barrier Free: Open floor plan, First floor bedroom, First floor full bath, Level drive, Level lot, Low pile or no carpeting
  • Items Excluded: Range/Oven & Dishwasher in 518. Washers & Dryers in both units. Tenants' personal property.
  • Items Included: 1 Range/Oven, 1 Dishwashers, 2 Refrigerators, 1 storage shed, riding lawn mower.
  • Miscellaneous: Internet - Cable, Internet - Fiber Avail
  • Year Built: 1994
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Poured concrete foundatn, Sump pump
  • Number Dish Washers: 2
  • Number Units W Ac: 2

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: 1 stall garage, Attached, 1 space, Outside, Opener inc
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

  • Elementary School: Call School District
  • High School: Reedsburg Area
  • Middle School: Webb
  • School District: Reedsburg

Lot Info

  • Estimated Aces: 0.35
  • Zoning: Res
  • Geo Subdivision: WI

Rental Info

  • Total Income: 17520

Tax Info

  • Net Taxes: 5005
  • Tax Year: 2020
  • Assessor Parcel Number: 276-2403-00000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 30, 2021
Sold by
Behn Frederic K and Behn Linda K
Bought by
Ballweg Michael L and Rickert Cynthia M
Seller's Agent
Jeanne Olson
Evergreen Realty Inc
Buyer's Agent
Jeanne Olson
Evergreen Realty Inc
List Price
$230,000
Sold Price
$210,000
Premium/Discount to List
-$20,000
-8.7%
Current Estimated Value
$329,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,622
Avg. Annual Appreciation
10.97%
Original Mortgage
$157,500
Outstanding Balance
$142,907
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$186,715

Purchase Details

Closed on
Feb 28, 2012
Sold by
Gilman Susan C
Bought by
Behn Frederic K and Behn Linda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 10, 2011
Sold by
Gilman Susan C
Bought by
Gilman Revocable Living Trust and Maria Jane Gilman Revocable Living Trust

Purchase Details

Closed on
Oct 27, 2006
Sold by
Whitver John L and Whitver Kathryn J
Bought by
Maria Jane Gilman Revocable Living Trust
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
Ballweg Michael L $210,000 None Available
Behn Frederic K $135,000 None Available
Gilman Revocable Living Trust -- None Available
Maria Jane Gilman Revocable Living Trust $154,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballweg Michael L $157,500
Previous Owner Behn Frederic K $101,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2021 06/30/21 Sold $210,000 -8.7% $101 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $230,000 -- $110 / 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 $5,367 $312,200 $30,000 $282,200
2023 $4,901 $212,000 $24,200 $187,800
2022 $4,893 $212,000 $24,200 $187,800
2021 $4,568 $212,000 $24,200 $187,800
2020 $5,005 $226,500 $24,200 $202,300
2019 $4,290 $165,000 $24,700 $140,300
2018 $4,221 $165,000 $24,700 $140,300
2017 $4,096 $165,000 $24,700 $140,300
2016 $4,089 $165,000 $24,700 $140,300
2015 $3,814 $165,000 $24,700 $140,300
2014 -- $165,000 $24,700 $140,300
Source: Public Records

Agents Affiliated with this Home

  • Jeanne Olson

    Seller's Agent in 2021

    Jeanne Olson

    Evergreen Realty Inc

    (608) 963-7111

    47 Total Sales

    Jeanne Olson
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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1908475

South Central Wisconsin Multiple Listing Service

APN: 276-2403-00000

Wisconsin Sauk County Reedsburg 53959

518 Alexander Ave Unit 516, Reedsburg, WI

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