NOT LISTED FOR SALE

623 E Otjen St Milwaukee, WI 53207

Bay View Neighborhood

Estimated Value: $378,000 - $404,000

4 Beds
3 Baths
2,232 Sq Ft
$177/Sq Ft Est. Value

Last Sold May 20, 2020

Last sale price $344,350 $154 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,879/month

4 Days on Market

About This Home

As of May 2020

Uber clean, nicely updated, and well sorted: This triplex is a delight for landlords and Bay View enthusiasts alike! Boasting a two bedroom lower unit with a deluxe updated kitchen and bathroom, and two upper units each with one bedroom and updated kitchens and bathrooms, the building also features fresh paint and refinished hardwood floors/updated flooring throughout, with new windows, new roof, and new upper unit furnaces adding to the ease of ownership. Separate heat/gas/electric to each unit with a new water lateral servicing the building. Off-street parking via three-car slab, with a shed and compartment for storage. Ideally located in the heart of Bay View close to area favorites and convenient to downtown. This is property is move in ready for a lucky buyer and/or their tenants!

Last Agent to Sell the Property

John Newland

TerraNova Real Estate License #55028-90 Listed on: 04/27/2020

Last Buyer's Agent

Elsafy Team*

Keller Williams Realty-Milwaukee North Shore License #50874-90

Keller Williams Realty-Milwaukee North Shore

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,232 Sq Ft Home
  • Basement Fills Entire Space Under The House

Listing and Financial Details

  • Exclusions: Seller's personal property and staging.
  • Tenant pays for electricity, heat, gas
  • The owner pays for sewer, water
  • Assessor Parcel Number 4990809000

Property Details

Home Type

Multi-Family

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Lot Size Acres: 0.15
  • Inclusions: 3 refrigerators, 3 oven/ranges, lower unit dishwasher
  • Directions: Kinnickinnic Ave to Otjen St, west to property -OR- Howell Ave to Otjen St, east to property
  • Special Features: None

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Full
  • Basement YN: Yes

Exterior Features

  • Exclusions: Seller's personal property and staging.
  • Construction Type: Vinyl
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Outdoor Space

Utilities

  • Sewer: Municipal Sewer

Schools

  • Junior High Dist: Milwaukee

Lot Info

  • Lot Size Sq Ft: 6534
  • Parcel #: 4990809000

Rental Info

  • Tenant Pays: Electricity, Heat, Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2020
Closed on
May 18, 2020
Sold by
623 E Otien Street Llc
Bought by
Roenitz Robert
Seller's Agent
John Newland
TerraNova Real Estate
Buyer's Agent
Elsafy Team*
Keller Williams Realty-Milwaukee North Shore
List Price
$324,900
Sold Price
$344,350
Premium/Discount to List
$19,450
5.99%
Current Estimated Value
$394,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,650
Avg. Annual Appreciation
2.34%

Purchase Details

Closed on
Jan 20, 2020
Sold by
Porli Mary Emma
Bought by
623 E Otjen Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 21, 2005
Sold by
Beaudoin Steven D and Beaudoin Heidi J
Bought by
Poroli Mark and Poroli Mary Emma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
5.66%
Mortgage Type
Commercial

Purchase Details

Closed on
May 29, 2003
Sold by
Fenger Edward and Fenger Laura M
Bought by
Beaudoin Steven D and Beaudoin Heidi J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
5.62%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Roenitz Robert $344,400 None Available
623 E Otjen Street Llc $165,000 None Available
Poroli Mark $210,000 --
Beaudoin Steven D $160,000 Priority Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 623 E Otjen Street Llc $80,000
Previous Owner Poroli Mark $162,500
Previous Owner Beaudoin Steven D $128,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2020 05/20/20 Sold $344,350 +6.0% $154 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
04/27/2020 04/27/20 For Sale $324,900 -- $146 / Sq Ft
Source: Metro MLS

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 $9,674 $410,600 $54,300 $356,300
2023 $7,417 $313,900 $54,300 $259,600
2022 $7,668 $313,900 $54,300 $259,600
2021 $8,234 $301,500 $32,400 $269,100
2020 $6,276 $301,500 $32,400 $269,100
2019 $7,746 $218,500 $22,500 $196,000
2018 $6,928 $218,500 $22,500 $196,000
2017 $7,289 $218,500 $10,000 $208,500
2016 $6,972 $198,300 $10,000 $188,300
2015 $6,428 $180,300 $10,000 $170,300
2014 $6,506 $170,100 $10,000 $160,100
2013 -- $170,100 $10,000 $160,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John Newland

    TerraNova Real Estate

    (414) 852-0921

    6 in this area

    526 Total Sales

    John Newland
    Section Image

  • E

    Buyer's Agent in 2020

    Elsafy Team*

    Keller Williams Realty-Milwaukee North Shore

    (414) 350-4611

    9 in this area

    606 Total Sales

    Elsafy Team*
    Section Image
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Map

Source: Metro MLS

MLS Number: 1686269

Metro MLS

APN: 499-0809-000-3

Wisconsin Milwaukee County Milwaukee 53207 Bay View

623 E Otjen St, Milwaukee, WI

Not Listed for Sale

MultiFamily

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