NOT LISTED FOR SALE

602 Flora Ave Algoma, WI 54201

Estimated Value: $142,000 - $196,636

4 Beds
2 Baths
1,326 Sq Ft
$128/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $145,000 $109 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $1,102/month

88 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating and Cooling System
  • 4-minute walk to The Little Park

About This Home

As of February 2024

Investment rental opportunity. 2 units upper and lower. Lower has been a long-time tenant. Each tenant has access to the basement which have laundry hooks available. Each unit has 2 bedrooms and 1 bath. The upper unit has a new wall furnace installed in 2022. Water heaters are new as of 2022, & new refrigerator. There are also 2 water heaters, 2 gas meters, and two electrical meters. The last seller had the home weatherized. Two car detached garage is shared by each tenant which offers one stall each. If brining in some extra income is what you are hoping for, then come take a look at this property and the best part is both units are rented already. Photos on 11-22-2023- Showings start 11-24-2023- 48-hour notice for binding acceptance.

Last Agent to Sell the Property

Stacey Bolen

Knaack Realty LLC License #90-59267 Listed on: 11/16/2023

Last Buyer's Agent

Gary Kaster

Coldwell Banker Real Estate Group License #90-48406

Coldwell Banker Real Estate Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,819

Year Built

  • 1955

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Parking Spaces

Home Design

  • Block Foundation
  • Stucco

Interior Spaces

  • 1,326 Sq Ft Home
  • 2-Story Property

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,819

Year Built

1955

Lot Details

0

Listing Details

  • Property Type: Multifamily
  • Type: Duplex (2 Unit)
  • Stylebuilding Type: 2 Story, Multi-Level
  • Tax Municipality: Algoma, City of
  • Remarks Exclusions Public: Sellers and Tenants personal property, Washers and dryers
  • Remarks Inclusions Public: 2 stoves, 2 refrigerators
  • Total Units: 2
  • Unit Identifier: City of Algoma
  • Remarks Public: Investment rental opportunity. 2 units upper and lower. Lower has been a long-time tenant. Each tenant has access to the basement which have laundry hooks available. Each unit has 2 bedrooms and 1 bath. The upper unit has a new wall furnace installed in 2022. Water heaters are new as of 2022, & new refrigerator. There are also 2 water heaters, 2 gas meters, and two electrical meters. The last seller had the home weatherized. Two car detached garage is shared by each tenant which offers one stall each. If brining in some extra income is what you are hoping for, then come take a look at this property and the best part is both units are rented already. Photos on 11-22-2023- Showings start 11-24-2023- 48-hour notice for binding acceptance.
  • Tax Municipal Sub Area: None
  • Water Features Other: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Source Total Fin Sq Ft: Assessor/Public Record
  • Sq Ft Fin Above Grade Est: 1326
  • Sq Ft Total Fin Above And Below: 1326
  • Price Per Sq Ft: 109.35

Exterior Features

  • Exterior Finish Of Building: Stucco
  • Foundation For Building: Block

Garage/Parking

  • Number Of Total Parking Inside: 2
  • Building Parking: Detached, Outside

Utilities

  • Utilities: Sep Gas Meter/Unit
  • Heating Cooling: Forced Air
  • Heating Fuel Type: Natural Gas
  • Number Of Furnaces: 2
  • Number of Ranges: 2
  • Number Of Water Heaters: 2
  • Waste For Building: Municipal Sewer
  • Water For Building: Municipal Public Water
  • Monthly Water Expense: 1955

Schools

  • School District: Algoma

Lot Info

  • Estimated Acres: 0.18
  • Deeded Access: Unknown
  • Flood Plain: Unknown
  • Lot Description: Corner
  • Zoning: 2 Family/Duplex
  • Geo Address Line: 602 Flora Ave
  • Geo Primary City: Algoma
  • Geo Quality: 0.95
  • Geo Subdivision: WI
  • Geo Zoom Level: 16

Tax Info

  • Assessor Parcel Number: 201-00430-0220
  • Tax Net Amt: 1819
  • Tax Year: 2022

Multi Family

  • Number Of Dryers: 2
  • Number Of Refrigerators: 2
  • Number Of Washers: 2
  • Total Numberof Buildings: 1
  • Bedrooms: 2

MLS Schools

  • School District: Algoma

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 16, 2023
Closed on
Feb 15, 2024
Sold by
Lifetime Home Repair Llc
Bought by
Bay Partners Real Estate Llc
Seller's Agent
Stacey Bolen
Knaack Realty LLC
Buyer's Agent
Gary Kaster
Coldwell Banker Real Estate Group
List Price
$158,000
Sold Price
$145,000
Premium/Discount to List
-$13,000
-8.23%
Views
97
Current Estimated Value
$169,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,159
Avg. Annual Appreciation
10.45%

Purchase Details

Listed on
Mar 6, 2023
Closed on
Apr 12, 2023
Sold by
Matuszek Jerome F
Bought by
Lifetime Home Repair Llc
Seller's Agent
Al Meister
Town & Country Real Estate
Buyer's Agent
Non-mls A.
NON-DCMLS
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%
Views
10

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.30%
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
Bay Partners Real Estate Llc $145,000 Liberty Title And Abstract, In
Lifetime Home Repair Llc $120,000 Lighthouse Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $145,000 -8.2% $109 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
11/16/2023 11/16/23 For Sale $158,000 +31.7% $119 / Sq Ft
04/12/2023 04/12/23 Sold $120,000 -7.7% $90 / Sq Ft
03/07/2023 03/07/23 Pending -- -- --
03/06/2023 03/06/23 For Sale $130,000 -- $98 / Sq Ft
Source: REALTORS® Association of Northeast Wisconsin

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 $2,252 $133,700 $17,800 $115,900
2023 $1,870 $84,700 $8,500 $76,200
2022 $1,819 $84,700 $8,500 $76,200
2021 $1,472 $49,500 $8,800 $40,700
2020 $1,444 $49,500 $8,800 $40,700
2019 $1,380 $49,500 $8,800 $40,700
2018 $1,332 $49,500 $8,800 $40,700
2017 $1,326 $49,500 $8,800 $40,700
2016 $1,256 $49,500 $8,800 $40,700
2015 $1,309 $49,500 $8,800 $40,700
2014 $1,309 $49,500 $8,800 $40,700
2013 $1,294 $49,500 $8,800 $40,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTORS® Association of Northeast Wisconsin

MLS Number: 50284350

REALTORS® Association of Northeast Wisconsin

APN: 201-00430-0220