NOT LISTED FOR SALE

603 Prospect Ave Janesville, WI 53545

Prospect Hill Neighborhood
4 Beds
4 Baths
2,000 Sq Ft
6,970 Sq Ft Lot

Last Sold December 21, 2021

Last sale price $144,000 $72 Per Sq Ft

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Family Room
  • Balcony
  • Dining Room
  • 2-minute walk to Adams Park

About This Home

As of December 2021

Showings Begin 3/28/2020. Great Cash Flow Opportunity. Side by Side Duplex on great corner lot. Both units are occupied with tenants paying $750. One units lease expires on 4/30/21, the other is month/month. 9.5% CAP with rents only going up.

Last Agent to Sell the Property

Luther J Ledic

Rocket Realty and Property Management License #58083-90 Listed on: 03/17/2020

Last Buyer's Agent

Sean Smith

EXIT Realty HGM License #81346-94

EXIT Realty HGM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,404

Year Built

  • Built in 1870

Lot Details

  • 6,970

Home Design

  • Duplex
  • Poured Concrete
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Family Room
  • Dining Room
  • Wood Flooring
  • Oven or Range

Laundry

  • Laundry in unit
  • Washer and Dryer

Parking

  • 2 Open Parking Spaces
  • On-Street Parking
  • Outside Parking

Schools

  • Adams Elementary School
  • Marshall Middle School
  • Parker High School

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Controls for Heating

Additional Features

  • Balcony
  • 6,970 Sq Ft Lot

Community Details

  • 2 Units
  • Net Operating Income $13,900

Listing and Financial Details

  • Assessor Parcel Number 241 0125300261

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,404

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Municipality: Janesville
  • Status Detail: Sold
  • Mailing City: Janesville
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side, 2 story
  • Items Excluded: All the tenants personal property
  • Items Included: Refrigerator in both units Stove in both units
  • Noi Year: 2018
  • Year Built: 1870
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Poured concrete foundatn
  • Number Dryers: 2
  • Number Furnaces: 2
  • Number Refrigerators: 2
  • Number Stoves: 2
  • Number Washers: 2
  • Number Water Heaters: 2

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 2

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 spaces, Outside
  • Utilities: Separate elec meters, Separate gas meters

Fee Information

  • Total Expenses: 4100

Schools

  • School District: Janesville
  • Elementary School: Adams
  • Middle School: Marshall
  • High School: Parker
  • Elementary School: Adams
  • High School: Parker
  • Middle School: Marshall
  • School District: Janesville

Lot Info

  • Estimated Aces: 0.16
  • Zoning: R2
  • Geo Subdivision: WI

Rental Info

  • Total Income: 18000

Tax Info

  • Land Assessment: 20400
  • Improvements: 71700
  • Total Assessment: 92100
  • Assessment year: 2018
  • Net Taxes: 2404
  • Tax Year: 2018
  • Assessor Parcel Number: 241 0125300261

Multi Family

  • Number Of2 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2020
Closed on
Dec 22, 2021
Sold by
Sailhamer Properties Llc
Bought by
Aitken Jayson
Seller's Agent
Luther J Ledic
Rocket Realty and Property Management
Buyer's Agent
Sean Smith
EXIT Realty HGM
List Price
$145,000
Sold Price
$144,000
Premium/Discount to List
-$1,000
-0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,391
Outstanding Balance
$131,648
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Closed on
May 28, 2010
Sold by
Godfrey Steve
Bought by
Penjanes Properties Llc

Purchase Details

Closed on
May 11, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Godfrey Steve

Purchase Details

Closed on
Dec 22, 2009
Sold by
Brown Jake R
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Oct 14, 2005
Sold by
Zentgrebe David W
Bought by
Brown Jake R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,050
Interest Rate
10.55%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Aitken Jayson $144,000 Town & Country Title
Penjanes Properties Llc -- None Available
Godfrey Steve $18,000 None Available
Deutsche Bank National Trust Company -- None Available
Brown Jake R $79,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aitken Jayson $141,391
Previous Owner Sailhamer Properties Llc $68,000
Previous Owner Penjanes Properties Llc $72,750
Previous Owner Brown Jake R $75,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $144,000 +2.9% $72 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
06/25/2020 06/25/20 Price Changed $140,000 -3.4% $70 / Sq Ft
03/17/2020 03/17/20 For Sale $145,000 +148.3% $73 / Sq Ft
12/21/2014 12/21/14 Sold $58,400 -99.9% $24 / Sq Ft
11/17/2014 11/17/14 Pending -- -- --
09/27/2014 09/27/14 For Sale $72,900,000 -- $29,419 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

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
2021 $2,957 $124,600 $20,400 $104,200
2020 $2,824 $124,600 $20,400 $104,200
2019 $2,859 $124,600 $20,400 $104,200
2018 $2,404 $92,100 $20,400 $71,700
2017 $2,328 $92,100 $20,400 $71,700
2016 $2,356 $92,100 $20,400 $71,700
2015 $2,201 $92,100 $20,400 $71,700
2014 $2,289 $94,000 $20,400 $73,600
2013 $2,289 $94,000 $20,400 $73,600
Source: Public Records

Agents Affiliated with this Home

  • Luther J Ledic

    Seller's Agent in 2021

    Luther J Ledic

    Rocket Realty and Property Management

    (608) 436-9911

    1 in this area

    27 Total Sales

    Luther J Ledic
    Section Image

  • S

    Buyer's Agent in 2021

    Sean Smith

    EXIT Realty HGM

    (608) 530-9822

    1 in this area

    32 Total Sales

    Sean Smith
    Section Image

  • M

    Seller's Agent in 2014

    Mary Horst

    Clear Choice Real Estate Services LLC

  • P

    Buyer's Agent in 2014

    Pat Venable

    INACTIVE W/Local ASSOC

See All Agents

Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1879829

South Central Wisconsin Multiple Listing Service

APN: 241-0125300261

Wisconsin Rock County Janesville 53545 Prospect Hill

603 Prospect Ave, Janesville, WI

This home is located at 603 Prospect Ave, Janesville, WI 53545 since 17 March 2020. This property was built in 1870. 603 Prospect Ave is a home located in Rock County with nearby schools including Adams Elementary School, Franklin Middle School, and Parker 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.

South 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.

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