NOT LISTED FOR SALE

5538 Rainbow Dr Unit 5540 Greendale, WI 53129

Estimated Value: $380,828 - $450,000

-- Bed
-- Bath
2,492 Sq Ft
$169/Sq Ft Est. Value

About This Home

Please see Open House schedule. Welcome to this charming side by side townhouse in the heart of Greendale. This property presents an excellent opportunity, whether you are looking for a cozy owner-occupied home or a lucrative rental investment. With 3 bedrooms and 1.5 bathrooms on each side, this townhouse offers ample space for comfortable living. Both units boast over 1240 square feet, ensuring plenty of room for all. Convenience is key with a shared detached 2-car garage and individual basements for each side. The vacant unit has undergone recent updates, providing a fresh and modern feel. To top it off, a new roof will be installed prior to closing. Don't miss your chance to make this exceptional property yours!

Last Agent to Sell the Property

Alexander Dinamarca

Keller Williams Realty-Milwaukee Southwest Brokerage Phone: 262-599-8980 License #89115-94 Listed on: 09/05/2023

Keller Williams Realty-Milwaukee Southwest

Last Buyer's Agent

Kattie Ninkovic

Keller Williams Realty-Milwaukee Southwest License #84008-94

Keller Williams Realty-Milwaukee Southwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,292

Year Built

  • Built in 1967

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Home Design

  • 2,492 Sq Ft Home
  • Brick Exterior Construction

Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Block Basement Construction

Schools

  • Greendale Middle School
  • Greendale High School

Community Details

  • 2 Units

Listing and Financial Details

  • Exclusions: Tenant refrigerator, tenant washer/dryer, staged items, and personal property.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,292

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: 1 Refrigerator, 1 washer, 1 dryer, 2 dishwashers, 2 oven/ranges
  • Directions: Use GPS. Only 5538 will be available for showings. 5540 will need to be scheduled if buyer will be submitting an offer. A separate showing will have to be scheduled.
  • New Construction: No
  • Year Built: 1967
  • Cleared Acreage: Less than 1/2
  • Architecture: Townhouse
  • Full Street Address: 5538 Rainbow DRIVE #5540
  • Lot Acreage: 0.23
  • Municipality Type: Village
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Has Basement: Block, Dual Entry, Full
  • Second Floor Total Sq Ft: 2492.00

Exterior Features

  • Exclusions: Tenant refrigerator, tenant washer/dryer, staged items, and personal property.
  • Exterior: Aluminum/Steel, Aluminum, Brick/Stone, Brick

Garage/Parking

  • Parking Features:Workshop in Garage: Detached, Opener Included, 2 Car
  • Garage Spaces: 2.0

Utilities

  • Utilities: 2 Electric Meters, 2 Gas Meters
  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • School District: Greendale
  • Middle School: Greendale
  • High School: Greendale
  • High School: Greendale
  • Junior High Dist: Greendale

Lot Info

  • Zoning: R4 1 & 2 Family
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2022
  • Total Taxes: 5291.92

MLS Schools

  • Middle School: Greendale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2023
Closed on
Oct 11, 2023
Sold by
Schneck David George
Bought by
Christian Martha and Sourapha Nina
Seller's Agent
Alexander Dinamarca
Keller Williams Realty-Milwaukee Southwest
Buyer's Agent
Kattie Ninkovic
Keller Williams Realty-Milwaukee Southwest
List Price
$385,000
Sold Price
$411,000
Premium/Discount to List
$26,000
6.75%
Views
102
Current Estimated Value
$420,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,457
Avg. Annual Appreciation
2.98%
Original Mortgage
$369,900
Outstanding Balance
$364,031
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$67,404

Purchase Details

Closed on
Apr 23, 2003
Sold by
Raap Robert A and Schneck David G
Bought by
Schneck David G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
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
Christian Martha $411,000 Focus Title
Schneck David G $109,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christian Martha $369,900
Previous Owner Schneck David G $73,000
Previous Owner Schneck David G $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2023 10/29/23 Off Market $385,000 -- --
09/09/2023 09/09/23 For Sale $385,000 -- $154 / 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
2023 $5,245 $282,600 $72,900 $209,700
2022 $5,292 $282,600 $72,900 $209,700
2021 $5,931 $241,000 $65,100 $175,900
2020 $5,936 $241,000 $65,100 $175,900
2019 $5,910 $241,000 $65,100 $175,900
2018 $6,289 $241,000 $65,100 $175,900
2017 $5,824 $235,000 $62,600 $172,400
2016 $5,782 $235,000 $62,600 $172,400
2015 $5,561 $216,000 $62,600 $153,400
2014 $5,528 $216,000 $62,600 $153,400
2013 $5,619 $216,000 $62,600 $153,400
Source: Public Records

Agents Affiliated with this Home

  • Alexander Dinamarca

    Seller's Agent in 2023

    Alexander Dinamarca

    Keller Williams Realty-Milwaukee Southwest

    (262) 352-4965

    2 in this area

    113 Total Sales

    Alexander Dinamarca
    Section Image
  • Kattie Ninkovic

    Buyer's Agent in 2023

    Kattie Ninkovic

    Keller Williams Realty-Milwaukee Southwest

    (414) 213-5078

    3 in this area

    107 Total Sales

    Kattie Ninkovic
    Section Image
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Map

Source: Metro MLS

MLS Number: 1849303

Metro MLS

APN: 711-0141-000

Wisconsin Milwaukee County Greendale 53129

5538 Rainbow Dr Unit 5540, Greendale, WI

This home is located at 5538 Rainbow Dr Unit 5540, Greendale, WI 53129 since 05 September 2023 and is currently estimated at $420,457, approximately $168 per square foot. This property was built in 1967. 5538 Rainbow Dr Unit 5540 is a home located in Milwaukee County with nearby schools including College Park Elementary School, Greendale Middle School, and Greendale High School.

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