NOT LISTED FOR SALE

616 Sheridan Springs Rd Unit 616 1/2 Lake Geneva, WI 53147

Estimated Value: $269,870 - $393,000

3 Beds
1 Bath
1,152 Sq Ft
$283/Sq Ft Est. Value

Last Sold September 13, 2021

Last sale price $243,000 $211 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,869/month

28 Days on Market

Highlights

  • 0.83 Acre Lot
  • Main Floor Primary Bedroom
  • Forced Air Heating and Cooling System

About This Home

As of September 2021

Incredible opportunity, 2 buildings on 0.83 acres with a total of 7 or 8 lots in highly desired Lake Geneva! The 1152 sq ft, 4BR house was remodeled and updated. Lease for the house is $1300 till 12/31/21. The rental cottage needs TLC & could be as cute as a button. Lease for this 1BR is $825 MTM. Bring your ideas for this one of a kind property. Opportunity is knocking to own this bundle with 3 Tax Key numbers. Unlimited opportunities await - a terrific building site! (see info under ''DOCS''). Collect the rent now and enjoy it later. Many future possibilities. Great investment to add to your portfolio. The future is yours to hold in the beautiful resort city, Lake Geneva.

Last Agent to Sell the Property

Claudia Germann

Shorewest Realtors, Inc. License #72687-90 Listed on: 07/16/2021

Shorewest Realtors, Inc.

Last Buyer's Agent

Joshua Basso

Homestead Realty of Lake Geneva License #51520-90

Homestead Realty of Lake Geneva

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,946

Year Built

  • Built in 1950

Lot Details

  • 0.83 Acre Lot

Interior Spaces

  • 1,152 Sq Ft Home
  • 1.5-Story Property
  • Basement Fills Entire Space Under The House
  • Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Schools

  • Lake Geneva Middle School
  • Badger High School

Utilities

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,946

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Single-Family
  • Directions: Hwy 50 to Center St north to Grove St turn east, left immediately onto first alley 616 1/2 will be on right and 616 Sheridan Springs will be after 616 1/2, also on the right.
  • New Construction: No
  • Year Built: 1950
  • Cleared Acreage: 1/2 to 1
  • Architecture: Cape Cod
  • Full Street Address: 616 Sheridan Springs Rd #616 1/2
  • Type 5 Heat Fuel: Natural Gas
  • Kitchen Level: Main
  • Lot Acreage: 0.83
  • Municipality Type: City
  • Other Rm1 Level: Upper
  • Other Rm1 Name: Bonus Room
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Range/Oven, Range, Refrigerator
  • Has Basement: Full
  • Room Bedroom2 Level: Main
  • Bedroom 3 Level: Upper
  • Dining Room Dining Room Level: Main
  • Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Master Bedroom Master Bedroom Width: 11
  • Second Floor Total Sq Ft: 1152.00

Exterior Features

  • Exterior Building Type: 1.5 Story
  • Exterior: Aluminum/Steel, Aluminum

Garage/Parking

  • Parking Features:Workshop in Garage: None

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Schools

  • School District: Lake Geneva J1
  • Middle School: Lake Geneva
  • High School: Badger
  • High School: Badger
  • Junior High Dist: Lake Geneva J1

Lot Info

  • Zoning: Res
  • Acreage Range: 0.5 to .99

Tax Info

  • Tax Year: 2020
  • Total Taxes: 4946.0

MLS Schools

  • Middle School: Lake Geneva

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Sep 1, 2021
Sold by
Heden Revocable Trust and Ritter Clare
Bought by
Basso Bulders Inc
Seller's Agent
Claudia Germann
Shorewest Realtors, Inc.
Buyer's Agent
Joshua Basso
Homestead Realty of Lake Geneva
List Price
$243,000
Sold Price
$243,000
Total Days on Market
28
Current Estimated Value
$326,218

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,218
Avg. Annual Appreciation
8.17%

Purchase Details

Closed on
Jun 9, 2010
Sold by
Shorma Joyce A and Shorma James
Bought by
Joyce Shorma A 0 and Joyce 10

Purchase Details

Closed on
Dec 31, 2008
Sold by
Ritter Clare and Shorma Joyce
Bought by
Heiden Revocable Trust
Source: Public Records

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Range of Values:

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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
Basso Bulders Inc $243,000 None Listed On Document
Joyce Shorma A 0 $54,450 --
Heiden Revocable Trust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2021 09/13/21 Sold $243,000 0.0% $211 / Sq Ft
08/13/2021 08/13/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $243,000 -- $211 / Sq Ft
Source: Metro MLS

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 $1,661 $130,000 $34,500 $95,500
2023 $1,601 $130,000 $34,500 $95,500
2022 $2,646 $159,100 $18,100 $141,000
2021 $2,618 $159,100 $18,100 $141,000
2020 $2,449 $145,800 $18,100 $127,700
2019 $2,542 $135,700 $18,100 $117,600
2018 $2,403 $125,500 $18,100 $107,400
2017 $2,297 $114,300 $18,100 $96,200
2016 $2,252 $109,600 $18,100 $91,500
2015 $2,246 $104,000 $18,100 $85,900
2014 $2,373 $99,400 $18,100 $81,300
2013 $2,373 $96,600 $18,100 $78,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro MLS

MLS Number: 1752771

Metro MLS

APN: ZGC00011A