NOT LISTED FOR SALE

5551 N 40th St Milwaukee, WI 53209

Old North Milwaukee Neighborhood

Estimated Value: $156,000 - $188,000

3 Beds
2 Baths
926 Sq Ft
$192/Sq Ft Est. Value

Sale Details

Date Sold: December 20, 2019

Last sale price $40,100 $43 Per Sq Ft

Est. 342% increase in value since last sale

Current estimated payment $1,247 / mo

48 Days on Market

Highlights

  • Main Floor Bedroom
  • 2 Car Detached Garage
  • Forced Air Heating System
  • Golda Meir School Rated A-
  • Bathtub with Shower

About This Home

As of December 2019

Nice bungalow style home with low maintenance aluminum exterior is ready for your decorating ideas. This is a good home for buyer looking to earn sweat equity. Conveniently located close to public transportation and shopping.

Last Agent to Sell the Property

Sue Oelke

Whitten Realty License #51364-90 Listed on: 10/15/2019

Last Buyer's Agent

Michael Desjardin

Century 21 Benefit Realty License #84206-94

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $810

Year Built

  • Built in 1926

Lot Details

  • 5,227 Sq Ft Lot
  • Property is zoned RT3

Parking

  • 2 Car Detached Garage

Home Design

  • Aluminum Trim

Interior Spaces

  • 926 Sq Ft Home
  • 1.5-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms
  • Bathtub with Shower

Basement

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

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$810

Year Built

Built in 1926

Lot Details

5,227 Sq Ft Lot

Parking

2

Listing Details

  • Prop. Type: Single-Family
  • Directions: south of Silver Spring
  • New Construction: No
  • Year Built: 1926
  • Cleared Acreage: Less than 1/2
  • Architecture: Bungalow
  • Full Street Address: 5551 N 40th STREET
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Lot Acreage: 0.12
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Block, Full
  • Bathroom Description: Shower Over Tub
  • Room Bedroom2 Level: Main
  • Bedroom 3 Level: Main
  • Dining Room Dining Room Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Upper
  • Master Bedroom Master Bedroom Width: 10
  • Second Floor Total Sq Ft: 926.00

Exterior Features

  • Exterior Building Type: 1.5 Story
  • Exterior: Aluminum/Steel, Aluminum, Aluminum Trim

Garage/Parking

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

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: RT3
  • Acreage Range: 0.0 to .499
  • Lot Description: Sidewalks

Tax Info

  • Tax Year: 2018
  • Total Taxes: 810.17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
Waterstone Mortgage Corporation
Bought by
Wisconsin Housing And Economic Developme
Current Estimated Value
$177,398

Purchase Details

Closed on
Jul 29, 2020
Sold by
Ivans Investments Llc
Bought by
Sackitt Shirley A and Rupert Colleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,063
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 15, 2019
Closed on
Dec 17, 2019
Sold by
Fannie Mae
Bought by
Ivans Investments Llc
Seller's Agent
Sue Oelke
Whitten Realty
Buyer's Agent
Michael Desjardin
Century 21 Benefit Realty
List Price
$40,100
Sold Price
$40,100

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.02%
Original Mortgage
$60,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 6, 2019
Sold by
Tice Michael S
Bought by
Federal National Mortgage Association
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Wisconsin Housing And Economic Developme -- None Listed On Document
Sackitt Shirley A $134,500 Prism Title Midwest Llc
Ivans Investments Llc -- None Available
Federal National Mortgage Association -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner Sackitt Shirley A $132,063
Previous Owner Ivans Investments Llc $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2019 12/20/19 Sold $40,100 0.0% $43 / Sq Ft
12/02/2019 12/02/19 Pending -- -- --
10/15/2019 10/15/19 For Sale $40,100 -- $43 / Sq Ft
Source: Metro MLS

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 $3,438 $166,000 $4,000 $162,000
2023 $3,188 $134,900 $4,000 $130,900
2022 $2,875 $134,000 $4,000 $130,000
2021 $1,860 $82,800 $4,000 $78,800
2020 $1,168 $82,800 $4,000 $78,800
2019 $848 $40,200 $4,000 $36,200
2018 $1,850 $40,200 $4,000 $36,200
2017 $1,183 $40,200 $5,800 $34,400
2016 $1,002 $42,500 $5,800 $36,700
2015 $1,036 $42,500 $5,800 $36,700
2014 $1,138 $45,200 $5,800 $39,400
2013 -- $45,200 $5,800 $39,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sue Oelke

    Whitten Realty

  • M

    Buyer's Agent in 2019

    Michael Desjardin

    Century 21 Benefit Realty

See All Agents

Map

Source: Metro MLS

MLS Number: 1664171

Metro MLS

APN: 192-1250-100-2

Wisconsin Milwaukee County Milwaukee 53209 Old North Milwaukee

5551 N 40th St, Milwaukee, WI

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