NOT LISTED FOR SALE

518 Williams St Randolph, WI 53956

Estimated Value: $1,038,588

6 Beds
3 Baths
2,400 Sq Ft
$433/Sq Ft Est. Value

Sale Details

Date Sold: September 14, 2021

Last sale price $550,000 $229 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,561 / mo

2 Days on Market

Highlights

  • Detached Garage
  • Outdoor Storage
  • Laundry Facilities
  • Eat-In Kitchen
  • Central Air
  • Level Lot

About This Home

As of September 2021

INCOME PROPERTY POTENTIAL within this 9 Unit with Detached Garages for all Units – 2 BR, 1 Bath, Well Maintained Units with appliances included (8 units include window wall a/c and 7 of 9 units haver a dw). All units have SEPERATED electrical meters which tenant pays electric. Each unit has a Secured Storage Space in the FULL basement. Basement also includes sellers storage/ maintenance area. Common areas includes: Coin Operated Laundry in basement, South Side Patio for grills/smokers, hallways, grass area, & clothes line. Updated electrical within the entire building, roof replaced in 2013. Landlord pays for water/sewer, garbage, lawn/snow removal, & maintenance. Currently NO PETS & Self-Managed. Square footage approx. per assessor. Measurements if important to be verified by Buyer.

Last Agent to Sell the Property

Sonja Schmit

Quade Real Estate License #53682-90 Listed on: 07/09/2021

Last Buyer's Agent

Julie Quade

Quade Real Estate License #38387-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,918

Year Built

  • Built in 1977

Lot Details

  • 26,136 Sq Ft Lot
  • Level Lot

Home Design

  • Poured Concrete
  • Vinyl Siding

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • Detached Garage
  • Driveway Level
  • Outside Parking

Schools

  • Randolph Elementary And Middle School
  • Randolph High School

Utilities

  • Central Air
  • Radiant Heating System
  • Separate Meters
  • Individual Controls for Heating

Additional Features

  • 2-Story Property
  • Outdoor Storage

Community Details

  • 9 Units
  • Laundry Facilities
  • Net Operating Income $30,209

Listing and Financial Details

  • Assessor Parcel Number 176-1213-0622-068

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,918

Year Built

Built in 1977

Lot Details

0.6 Acres

Listing Details

  • Municipality: Randolph
  • Status Detail: Sold
  • Mailing City: Randolph
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 2 story
  • Barrier Free: Level drive, Level lot
  • Items Excluded: Tenants Personal Property, All Tenant Window Coverings, Sellers Personal Property
  • Items Included: All Appliances in each unit, 9 Refrigerators, 9 Stoves, 8 Hood Fans, 7 Dishwashers, 3 Coin Operated Washer/ Dryers, 8 Window Wall a/c, Exterior Antenna
  • Miscellaneous: Shared laundry
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially finished, Poured concrete foundatn
  • Number Dish Washers: 7
  • Number Dryers: 3
  • Number Units W Ac: 8
  • Number Washers: 3

Exterior Features

  • Exterior: Vinyl, Aluminum/Steel

Garage/Parking

  • Heating Fuel: Electric
  • Heating Type: Radiant
  • Parking Stalls Inside: 9
  • Parking Stalls Outside: 9

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 stall garage, Detached, Outside
  • Utilities: Separate elec meters

Fee Information

  • Total Expenses: 38232

Schools

  • Elementary School: Randolph
  • High School: Randolph
  • Middle School: Randolph
  • School District: Randolph

Lot Info

  • Estimated Aces: 0.6
  • Zoning: Commercial
  • Geo Subdivision: WI

Rental Info

  • Total Income: 68441

Tax Info

  • Net Taxes: 9918
  • Tax Year: 2020
  • Assessor Parcel Number: 176-1213-0622-068

Multi Family

  • Number Of2 Bedrooms: 9
  • Number Of Units: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 24, 2022
Sold by
Spring Meadow Apartments Llc
Bought by
Williams Street Apartments Llc
Current Estimated Value
$1,038,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$644,000
Outstanding Balance
$608,244
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$430,344

Purchase Details

Listed on
Jul 9, 2021
Closed on
Sep 14, 2021
Sold by
Ireland Kenneth P and Ireland Judith A
Bought by
Spring Meadow Apartments Llc
Seller's Agent
Sonja Schmit
Quade Real Estate
Buyer's Agent
Julie Quade
Quade Real Estate
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.65%
Original Mortgage
$440,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 29, 2013
Sold by
Farmers & Merchants State Bank
Bought by
Ireland Kenneth P and Ireland Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
3.51%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 26, 2012
Sold by
Br Residence 518 Llc
Bought by
Farmers & Merchants State Bank

Purchase Details

Closed on
Apr 14, 2008
Sold by
Bates Richard D and Collins Bradley M
Bought by
Br Residence 518 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,744
Interest Rate
5.87%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 24, 2005
Sold by
Briggs Patricia J
Bought by
Lannon Stone Ridge Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Williams Street Apartments Llc $808,500 None Listed On Document
Spring Meadow Apartments Llc $550,000 Knight Barry Title
Ireland Kenneth P $325,000 None Available
Farmers & Merchants State Bank $280,000 None Available
Br Residence 518 Llc -- None Available
Bates Richard D -- None Available
Lannon Stone Ridge Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Street Apartments Llc $644,000
Previous Owner Spring Meadow Apartments Llc $440,000
Previous Owner Ireland Kenneth P $275,000
Previous Owner Br Residence 518 Llc $304,744
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2021 09/14/21 Sold $550,000 +10.2% $229 / Sq Ft
07/11/2021 07/11/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $499,000 -- $208 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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
2025 $12,190 $696,200 $73,100 $623,100
2024 $12,791 $696,200 $73,100 $623,100
2023 $12,342 $696,200 $73,100 $623,100
2022 $10,807 $367,800 $46,800 $321,000
2021 $9,793 $367,800 $46,800 $321,000
2020 $9,918 $367,800 $46,800 $321,000
2019 $10,566 $367,800 $46,800 $321,000
2018 $10,359 $348,600 $46,800 $301,800
2017 $10,770 $348,600 $46,800 $301,800
2016 $11,307 $350,000 $46,800 $303,200
2015 $11,146 $350,000 $46,800 $303,200
2014 $10,459 $350,000 $46,800 $303,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1914192

South Central Wisconsin Multiple Listing Service

APN: 176-1213-0622-068

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