NOT LISTED FOR SALE

608 5th St Algoma, WI 54201

Estimated Value: $331,363

10 Beds
8 Baths
4,900 Sq Ft
$68/Sq Ft Est. Value

Sale Details

Date Sold: December 4, 2020

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

Est. 45% increase in value since last sale

Current estimated payment $2,278 / mo

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

10,019 Sq Ft Lot

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
$331,363

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$102,363
Avg. Annual Appreciation
7.03%
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

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
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

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
2025 $6,126 $323,400 $22,700 $300,700
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

    5 in this area

    44 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

    81 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

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