NOT LISTED FOR SALE

Estimated Value: $649,736

8 Beds
6 Baths
4,326 Sq Ft
$150/Sq Ft Est. Value

Sale Details

Date Sold: February 28, 2023

Last sale price $525,000 $121 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,330 / mo

Highlights

  • Brick or Stone Mason
  • Walk-In Closet
  • Ceiling Fan
  • East High School Rated A-
  • Patio
  • Coin Laundry

About This Home

As of February 2023

Multiple family-style six-unit commercial building, conveniently located on Franklin Street which borders downtown. Close to the Wausau Metro Area for transportation and located near local stores/shops. Fully occupied investment property. Approximately around 4,326 sq ft finished living space area. Two (two-bedroom) apartments and four (one-bedroom) apartments. Each apartment has an assigned storage unit located in the coin operated laundry basement area. Six carports parking spaces are off the alley to the back of the building. Latest improvements include a brand-new rubber membrane roof, replacement of both entrance doors, all windows, a painted interior, and newly installed carpets. In the last four years, five apartments were updated and remodeled. Throughout the entire area of the property, there are 12 functioning cameras and video systems. Income / expense calendar available in the associated MLS documents. Broker-owned property.

Last Agent to Sell the Property

Gizo Ujarmeli

AMAXIMMO LLC License #54381-90 Listed on: 01/26/2023

Last Buyer's Agent

Holly Hettinga

COLDWELL BANKER ACTION License #81433-94

COLDWELL BANKER ACTION

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 78x114

Home Design

  • Flat Roof Shape
  • Brick or Stone Mason
  • Poured Concrete
  • Metal Construction or Metal Frame

Interior Spaces

  • Walk-In Closet
  • 4,326 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Carpet
  • Fire and Smoke Detector
  • Range

Laundry

  • Dryer
  • Washer

Basement

  • Block Basement Construction
  • Laundry in Basement
  • Basement Storage

Parking

  • Carport
  • Parking Lot

Outdoor Features

  • Patio

Utilities

  • Radiant Heating System
  • Separate Meters
  • Master Meter
  • Individual Gas Meter
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • 6 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 291.2907.253.0468

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Class: Multi-Family
  • Municipality: Wausau, City of
  • Style: 2 Story
  • Type: Sixplex
  • Year Built: 1960
  • Construction: Brick, Metal
  • Geo Subdivision: WI
  • Finished Above Grade Sq Ft: 4326
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator, Range, Washer, Dryer
  • Basement: Yes
  • Interior: Ceiling Fan(s), Smoke Detector, Cable Hookup, Walk-In Closet(s), Carpet
  • Basement Type: Block, Laundry Facilities, Poured Concrete, Storage Area

Exterior Features

  • Roof: Flat
  • Patio Deck: Patio

Garage/Parking

  • Parking: Parking Lot
  • Garage: Carport

Utilities

  • Fuel Type: Natural Gas
  • Heat Type: Radiant
  • Sewer Water: Pb Sewer/Pb Water
  • Water Heater: Natural Gas
  • Electricity: Master Meter, Separate Meter
  • Gas: Separate Meter
  • Laundry: Coin-Op Dryer, Coin-Op Washer

Schools

  • Wausau Area School Dist: Wausau East

Lot Info

  • Acreage: 0.2
  • Lot Size: 78x114
  • Zoning: Commercial, Multi-Family
  • Present Use: Sixplex
  • Geo Address Line: 616 Franklin St
  • Geo Primary City: Wausau
  • Geo Quality: 1

Tax Info

  • Assessor Parcel Number: 291.2907.253.0468

Multi Family

  • Number Of Units: 6

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2023
Closed on
Feb 28, 2023
Sold by
Bought by
Seller's Agent
Gizo Ujarmeli
AMAXIMMO LLC
Buyer's Agent
Holly Hettinga
COLDWELL BANKER ACTION
List Price
$566,656
Sold Price
$525,000
Premium/Discount to List
-$41,656
-7.35%
Views
12
Current Estimated Value
$649,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,736
Avg. Annual Appreciation
6.65%

Purchase Details

Closed on
Dec 21, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,400
Interest Rate
4.8%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
$525,000 Rebecca L. Pilgrim, Runkel Abs
$206,000 Member State Bar
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 $185,400
Source: Public Records

Property 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 Event Price List to Sale Price per Sq Ft
02/28/2023 02/28/23 Sold $525,000 -7.4% $121 / Sq Ft
01/26/2023 01/26/23 For Sale $566,656 -- $131 / Sq Ft
Source: Central Wisconsin Multiple Listing Service

Tax 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.

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 $9,940 $528,000 $48,900 $479,100
2024 $10,141 $528,000 $48,900 $479,100
2023 $6,193 $244,700 $40,000 $204,700
2022 $6,192 $244,700 $40,000 $204,700
2021 $5,992 $244,700 $40,000 $204,700
2020 $6,075 $244,700 $40,000 $204,700
2019 $6,463 $242,700 $31,100 $211,600
2018 $6,373 $242,700 $31,100 $211,600
2017 $6,149 $242,700 $31,100 $211,600
2016 $5,982 $242,700 $31,100 $211,600
2015 $6,132 $242,700 $31,100 $211,600
2014 $5,641 $234,700 $31,100 $203,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Wisconsin Multiple Listing Service

MLS Number: 22230245

Central Wisconsin Multiple Listing Service

APN: 291-2907-253-0468

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