NOT LISTED FOR SALE

608 5th St Algoma, WI 54201

Estimated Value: $338,098

10 Beds
8 Baths
4,900 Sq Ft
$69/Sq Ft Est. Value

Last Sold December 04, 2020

Last sale price $229,000 $47 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,211/month

300 Days on Market

Highlights

  • Porch
  • Ceiling Fan
  • Satellite Dish
  • Walk-In Closet
  • Hot Water Heating System
  • 4-minute walk to Algoma Parks & Recreation Department

About This Home

As of December 2020

Searching for a solid investment? This four unit apartment building comes with a great rental history. Check out these stats...two units with three bedrooms, two units with two bedrooms, all four units with 1 1/2 bathrooms each, and a concrete parking lot in back. The units are in very good condition with lots of recent remodeling and the tenants pay all of their own utilities. Plus...it's a block from Algoma schools, city hall, shopping, and a grocery store. Live in one unit and rent out three others or rent out the whole place. Also listed under Commercial MLS #134751.

Last Agent to Sell the Property

Bob Gray

ERA Starr Realty Brokerage Phone: 9207434321 License #94-40914 Listed on: 01/06/2020

Last Buyer's Agent

Paul Dreutzer

ERA Starr Realty License #90-47589

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,550

Year Built

  • Built in 1947

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions are 80 x 124
  • Open Lot
  • Grass Covered Lot

Home Design

  • Frame Construction
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,900 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Range

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Walk-In Closet

Parking

  • No Garage
  • Alley Access

Outdoor Features

  • Porch

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Electric Water Heater
  • Satellite Dish
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Total Actual Rent $2,600
  • Tenant pays for electricity, water, trash collection, gas, sewer
  • The owner pays for exterior maintenance, insurance, taxes
  • Assessor Parcel Number 201001102460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,550

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.23
  • Lot Size: 80 x 124
  • Directions: Take Highway 42 (4th Street) to Fremont Street. Turn west toward Library and City Hall. Turn right on 5th Street. Subject property will be on your right.
  • Above Grade Finished Sq Ft: 4900
  • Garage Yn: No
  • Unit Levels: Two
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Range, Refrigerator
  • Other Equipment: Satellite Dish
  • Owner Pays: Exterior Maintenance, Insurance, Taxes
  • Has Basement: Full, Inside
  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 10
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl, Carpet, Laminate
  • Interior Amenities: Walk-In Closet(s), Ceiling Fan(s)
  • Living Area: 4900

Exterior Features

  • Lot Features: Standard, Open Lot
  • View: No
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding, Wood Siding
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Porch
  • Roof: Asphalt

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage, Alley Access

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Hot Water, Natural Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer, Septic(Sewer), Septic Info(Public)
  • Utilities: Cable
  • Water Source: Public

Fee Information

  • Association Fee Includes: None

Schools

  • Junior High Dist: Algoma

Lot Info

  • Lot Size Sq Ft: 10018.8
  • Parcel #: 201001102460
  • Zoning: R-4

Rental Info

  • Lease Term: Unit 1(Month/Month),Unit 2(Month/Month),Unit 3(Month/Month),Unit 4(Month/Month)
  • Tenant Pays: Electricity, Water, Trash Collection, Gas, Sewer

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 2600
  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2549.5
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2020
Closed on
Nov 30, 2020
Sold by
Sweet Dreams L L C
Bought by
Meverden Alexander R
Seller's Agent
Bob Gray
ERA Starr Realty
Buyer's Agent
Paul Dreutzer
ERA Starr Realty
List Price
$240,000
Sold Price
$229,000
Premium/Discount to List
-$11,000
-4.58%
Current Estimated Value
$338,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,098
Avg. Annual Appreciation
7.91%
Source: Public Records
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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
Meverden Alexander R $229,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/04/2020 12/04/20 Sold $229,000 -4.6% $47 / Sq Ft
11/04/2020 11/04/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $240,000 -- $49 / Sq Ft
Source: Door County Board of REALTORS®

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 $5,532 $323,400 $22,700 $300,700
2023 $4,971 $220,700 $10,500 $210,200
2022 $4,841 $220,700 $10,500 $210,200
2021 $3,231 $87,500 $9,700 $77,800
2020 $2,600 $87,500 $9,700 $77,800
2019 $2,487 $87,500 $9,700 $77,800
2018 $2,402 $87,500 $9,700 $77,800
2017 $2,392 $87,500 $9,700 $77,800
2016 $2,267 $87,500 $9,700 $77,800
2015 $2,359 $87,500 $9,700 $77,800
2014 $2,359 $87,500 $9,700 $77,800
2013 $2,334 $87,500 $9,700 $77,800
Source: Public Records

Agents Affiliated with this Home

  • Bob Gray

    Seller's Agent in 2020

    Bob Gray

    ERA Starr Realty

    (920) 743-7283

    6 in this area

    48 Total Sales

    Bob Gray
    Section Image
  • Paul Dreutzer

    Buyer's Agent in 2020

    Paul Dreutzer

    ERA Starr Realty

    (920) 743-7283

    8 in this area

    86 Total Sales

    Paul Dreutzer
    Section Image
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Map

Source: Door County Board of REALTORS®

MLS Number: 134750

APN: 201-00110-2460

Wisconsin Kewaunee County Algoma 54201

608 5th St, Algoma, WI

Not Listed for Sale

MultiFamily

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