NOT LISTED FOR SALE

538 Summit Ave Oconomowoc, WI 53066

Estimated Value: $376,000 - $421,411

4 Beds
2 Baths
1,453 Sq Ft
$274/Sq Ft Est. Value

Last Sold April 25, 2022

Last sale price $330,500 $227 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,452/month

1 Day on Market

Highlights

  • Main Floor Bedroom
  • Walk-In Closet
  • Forced Air Heating and Cooling System
  • Greenland Elementary School Rated A-
  • Bathtub with Shower
  • Walk-in Shower

About This Home

As of April 2022

Just steps from downtown Oconomowoc amenities and recreation opportunities, this 4 bedroom 2 bath home is a gem. Located on a large lot it is updated top to bottom for entertaining or comfortable living. Relax on the front porch or back deck or practice your culinary art in a kitchen that boasts all newer gleaming white cabinets, granite countertops, tile backsplash, and stainless appliances. It has an open concept kitchen and living room plus a 4th bedroom/office, full bath, and convenient mudroom/laundry round out the main floor. Upstairs are 3 good size bedrooms with newer carpeting and full bath with double vanity, glass enclosed shower over tub, and ceramic tile finishes. The tall basement has a newer A/C, furnace and water heater plus lots of room for a rec room, hobbies or storage.

Last Agent to Sell the Property

Steve Willicombe

Shorewest Realtors, Inc. License #69492-94 Listed on: 03/23/2022

Last Buyer's Agent

James Olson

First Weber Inc - Waukesha License #80990-94

First Weber Inc - Waukesha

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,820

Year Built

  • Built in 1920

Lot Details

  • 0.32 Acre Lot

Parking

  • 1 to 5 Parking Spaces

Home Design

  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 1,453 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Bathtub Includes Tile Surround
  • Walk-in Shower

Schools

  • Oconomowoc High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • High Speed Internet

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,820

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Single-Family
  • Directions: I-94 to Hwy 67/Summit Ave, north to 538 Summit Avenue.
  • New Construction: No
  • Year Built: 1920
  • Cleared Acreage: Less than 1/2
  • Architecture: Bungalow
  • Full Street Address: 538 Summit Ave
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Lot Acreage: 0.32
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven, Range, Refrigerator
  • Has Basement: 8'+ Ceiling, Full, Poured Concrete
  • Interior Amenities: Cable/Satellite Available, High Speed Internet, Walk-in closet(s), Wood or Sim.Wood Floors
  • Bathroom Description: Tub Only, Ceramic Tile, Shower Over Tub, Shower Stall
  • Room Bedroom2 Level: Upper
  • Bedroom 3 Level: Upper
  • Bedroom 4 Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Upper
  • Master Bedroom Master Bedroom Width: 10
  • Second Floor Total Sq Ft: 1453.00

Exterior Features

  • Exterior Building Type: 2 Story
  • Exterior: Vinyl

Garage/Parking

  • Parking Features:Workshop in Garage: None
  • Garage/Parking: 1 Space

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • School District: Oconomowoc Area
  • High School: Oconomowoc
  • High School: Oconomowoc
  • Junior High Dist: Oconomowoc Area

Lot Info

  • Zoning: RES
  • Acreage Range: 0.0 to .499
  • Lot Description: Sidewalks

Tax Info

  • Tax Year: 2021
  • Total Taxes: 2820.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 6, 2021
Closed on
Dec 23, 2021
Sold by
Latzke Karl H
Bought by
B & M Group Llc
Seller's Agent
Heather Henry
Henry Real Estate Company, LLC
List Price
$185,000
Sold Price
$185,000
Current Estimated Value
$398,603

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,603
Avg. Annual Appreciation
20.63%
Original Mortgage
$166,500
Outstanding Balance
$155,336
Interest Rate
3.12%
Mortgage Type
Commercial
Estimated Equity
$219,156

Purchase Details

Closed on
Apr 11, 2005
Sold by
Latzke Henry R and Latzke Donald B
Bought by
Latzke Karl H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2005
Sold by
Latzke David J
Bought by
Latzke Karl H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
6.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2000
Sold by
Latzke Henry R and Latzke David J
Bought by
Latzke Karl H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,200
Interest Rate
6%
Mortgage Type
Land Contract Argmt. Of Sale
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 Buyer Sale Price Title Company
B & M Group Llc $185,000 Knight Barry Title
Latzke Karl H -- --
Latzke Karl H -- --
Latzke Karl H $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open B & M Group Llc $166,500
Previous Owner Latzke Karl H $91,000
Previous Owner Latzke Karl H $89,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2022 04/25/22 Sold $330,500 0.0% $227 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/23/2022 03/23/22 For Sale $330,500 +78.6% $227 / Sq Ft
12/27/2021 12/27/21 Sold $185,000 0.0% $130 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
12/02/2021 12/02/21 For Sale $185,000 -- $130 / Sq Ft
Source: Metro MLS

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 $4,058 $379,800 $89,100 $290,700
2023 $3,989 $357,000 $89,100 $267,900
2022 $2,481 $185,000 $89,100 $95,900
2021 $2,990 $224,400 $89,100 $135,300
2020 $2,492 $145,400 $48,800 $96,600
2019 $2,392 $145,400 $48,800 $96,600
2018 $2,325 $145,400 $48,800 $96,600
2017 $2,632 $145,400 $48,800 $96,600
2016 $2,352 $145,400 $48,800 $96,600
2015 $2,349 $145,400 $48,800 $96,600
2014 $2,587 $145,400 $48,800 $96,600
2013 $2,587 $166,900 $56,100 $110,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Steve Willicombe

    Shorewest Realtors, Inc.

    Section Image
  • James Olson

    Buyer's Agent in 2022

    James Olson

    First Weber Inc - Waukesha

    (414) 520-8293

    1 in this area

    39 Total Sales

    James Olson
    Section Image
  • Heather Henry

    Seller's Agent in 2021

    Heather Henry

    Henry Real Estate Company, LLC

    (262) 617-2725

    3 in this area

    38 Total Sales

    Heather Henry
    Section Image
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Map

Source: Metro MLS

MLS Number: 1784329

Metro MLS

APN: OCOC-0590-044

Wisconsin Waukesha County Oconomowoc 53066

538 Summit Ave, Oconomowoc, WI

This home is located at 538 Summit Ave, Oconomowoc, WI 53066 since 23 March 2022 and is currently estimated at $398,603, approximately $274 per square foot. This property was built in 1920. 538 Summit Ave is a home located in Waukesha County with nearby schools including Greenland Elementary School, Nature Hill Intermediate School, and Oconomowoc High School.

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