$877,000
SOLD AUG 9, 2017

521 2nd St S Wisconsin Rapids, WI 54494

-- Bed
-- Bath
-- Sq Ft
0.62 Acres

Recently Sold

2% Below List Price

13 Days on Market

Highlights

  • Waterfront
  • Ceiling Fan
  • Utility Room
  • Deck
  • Baseboard Heating
  • 5-minute walk to Veterans' Memorial Park

About This Home

As of August 2018

ATTENTION INVESTORS! One of a kind property across the street of the Wisconsin River. Rent average is based on 70% occupancy. Twelve units are two bedroom @ $650-$710/mo. Sixteen units are one bedroom @ $520/mo. With TLC and Restructuring Management, Maintenance and Expenses this could easily be a SUPER INVESTMENT!!! One owner property. Beautiful Riverview property with amazing views. Walk to shopping and downtown. Secured inside heated parking for all tenants. All tenants have private balconies.

Last Agent to Sell the Property

Gerry Geishart

NORTH CENTRAL REAL ESTATE BROKERAGE, LLC License #43307-90

Last Buyer's Agent

Gerry Geishart

NORTH CENTRAL REAL ESTATE BROKERAGE, LLC License #43307-90

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Home Design

  • Flat Roof Shape

Interior Spaces

  • 3-Story Property
  • Ceiling Fan
  • Utility Room
  • Fire and Smoke Detector
  • Range

Laundry

  • Dryer
  • Washer

Parking

  • 8 Car Garage
  • Garage Door Opener

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Separate Meters
  • Master Meter
  • Cable TV Available

Additional Features

  • Deck
  • Waterfront

Community Details

  • 28 Units
  • Laundry Facilities
  • Net Operating Income $63,400

Listing and Financial Details

  • Assessor Parcel Number 3408041

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Additional Remarks: On site maintenance person and building manager. Three story building. Roof-rubber membrane-approx. 5 yrs. young. Lobby area with on-site coin-op laundry facility. Appliances provided. No Pets. Call for full rental report.
  • Age: 51+
  • Class: Multi-Family
  • Lvt Date: 06/05/2017
  • Municipality: Wisconsin Rapids, City of
  • Style: 3 Story
  • Type: Complex
  • Year Built: 1965
  • Construction: Wood
  • Geo Subdivision: WI
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer
  • Interior: Ceiling Fan(s), Smoke Detector, Garage Door Opener, Cable Hookup

Exterior Features

  • Lake Name: Wisconsin River
  • Roof: Flat
  • Waterfront: Yes
  • Waterfront Frontage: Y
  • Patio Deck: Deck

Garage/Parking

  • Garage Capacity: 8 or More

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Hot Water, Baseboard
  • Sewer Water: Pb Sewer/Pb Water
  • Water: Meter (s)
  • Electricity: Separate Meter
  • Gas: Master Meter
  • Laundry: Available On Site
  • Sewer Included: Y
  • Utilities Heat Included: Y
  • Separate Electricity: Y
  • Utilities Sewer: Y
  • Water: Y
  • Water Included: Y

Condo/Co-op/Association

  • Amenities: Fire Alarm, Smoke Detectors

Schools

  • Wisc Rapids Area Sch Dist: Wisconsin Rapid

Lot Info

  • Lot Size: .62
  • Zoning: Commercial
  • Present Use: Apartment Building
  • Geo Address Line: 521 2nd St S
  • Geo Primary City: Wisconsin Rapids
  • Geo Quality: 0.95
  • Geo Secondary City: Wood
  • Geo Zoom Level: 16

Rental Info

  • Annual Rent: 147,200

Tax Info

  • Tax Amount: 23473
  • Assessor Parcel Number: 3408041
  • Tax Year: 2016

Multi Family

  • Number Of Units: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2018
Closed on
Aug 23, 2018
Sold by
Accredited Home Services
Bought by
Riverfront Apts Llc
Seller's Agent
Chris Mokler
Keller Williams Fox Cities
Buyer's Agent
Non-Member Account
RANW Non-Member Account
List Price
$1,499,900
Sold Price
$1,455,000
Premium/Discount to List
-$44,900
-2.99%
Total Days on Market
13
Current Estimated Value
$1,940,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$485,998
Avg. Annual Appreciation
4.52%
Original Mortgage
$720,000
Outstanding Balance
$633,009
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,328,964

Purchase Details

Listed on
May 30, 2017
Closed on
Aug 8, 2017
Sold by
Northbrook Apartments Inc
Bought by
Accredited Home Services Llc
Seller's Agent
Gerry Geishart
NORTH CENTRAL REAL ESTATE BROKERAGE, LLC
Buyer's Agent
Gerry Geishart
NORTH CENTRAL REAL ESTATE BROKERAGE, LLC
List Price
$899,000
Sold Price
$877,000
Premium/Discount to List
-$22,000
-2.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
62.71%
Original Mortgage
$701,600
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 19, 2013
Sold by
Ertz Stephen R and Ertz Desiree Ab
Bought by
Nelson Alan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
3.38%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 16, 2012
Sold by
Chater Cable Parters Llc
Bought by
Northbrok Apt Inc

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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 $1,310,500 --
Warranty Deed $877,000 Midwest Title Group Llc
Warranty Deed $25,000 Goetz Abs & Title
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $720,000 Purchase Money Mortgage
Previous Owner $701,600 Adjustable Rate Mortgage/ARM
Previous Owner $20,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2018 08/23/18 Sold $1,455,000 -3.0% $29 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
06/16/2018 06/16/18 For Sale $1,499,900 +71.0% $30 / Sq Ft
08/09/2017 08/09/17 Sold $877,000 -2.4% --
06/12/2017 06/12/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $899,000 -- --
Source: 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
2024 $29,628 $1,467,000 $38,900 $1,428,100
2023 $32,641 $1,137,600 $38,900 $1,098,700
2022 $32,624 $1,137,600 $38,900 $1,098,700
2021 $31,838 $1,137,600 $38,900 $1,098,700
2020 $30,607 $1,137,600 $38,900 $1,098,700
2019 $30,446 $1,137,600 $38,900 $1,098,700
2018 $24,013 $914,000 $38,900 $875,100
2017 $23,591 $877,900 $36,500 $841,400
2016 $23,474 $877,900 $36,500 $841,400
2015 $23,244 $877,900 $36,500 $841,400
Source: Public Records

Source: Central Wisconsin Multiple Listing Service

MLS Number: 1703381

Central Wisconsin Multiple Listing Service

APN: 3408041

Wisconsin Wood County Wisconsin Rapids 54494

521 2nd St S, Wisconsin Rapids, WI

Homes for Sale in Wisconsin Rapids, WI

This home is located at 521 2nd St S, Wisconsin Rapids, WI 54494 and is currently priced at $877,000. This property was built in 1965. 521 2nd St S is a home located in Wood County with nearby schools including Howe Elementary School, Wisconsin Rapids Area Middle School, and East Junior 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.

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.

Nearby Homes