NOT LISTED FOR SALE

631 W Bruce St Milwaukee, WI 53204

Walker's Point Neighborhood

Estimated Value: $241,000 - $473,000

4 Beds
4 Baths
1,972 Sq Ft
$191/Sq Ft Est. Value

Last Sold April 02, 2024

Last sale price $388,000 $197 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,353/month

162 Days on Market

Highlights

  • Enclosed Parking
  • Forced Air Heating System
  • Wood Siding
  • Golda Meir School Rated A-
  • Asbestos

About This Home

As of April 2024

Welcome to the ideal investment opportunity in Walker's Point. Offering 4 units total, this charming back-to-back duplex provides excellent rental income, with upside, and a convenient location that combines the best of city living tucked within a neighborhood. This property is within walking distance to a variety of shops and just a short walk or drive away from the vibrant Third Ward district offering endless entertainment, dining and cultural experiences for both residents and tenants. The front house kitchens and baths were updated in 2018 and these two units have been successfully rented on Airbnb for the past 4 years, generating excellent rental income. The back house units are rented to long term tenants month-to-month with significantly under market rents.

Last Agent to Sell the Property

Guntis Dredzels

Lannon Stone Realty LLC License #91593-94 Listed on: 09/08/2023

Last Buyer's Agent

Tyler Koller

Lannon Stone Realty LLC License #84908-94

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,046

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Duplex
  • Wood Siding
  • Asbestos

Interior Spaces

  • Multi-Level Property
  • Basement Fills Entire Space Under The House

Parking

  • Enclosed Parking
  • Outside Parking

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Exclusions: Sellers Personal Property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,046

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Multi-Family
  • Inclusions: Refrigerator, Oven, Air Conditioning Units, Microwave
  • New Construction: No
  • Year Built: 1900
  • Cleared Acreage: Less than 1/2
  • Full Street Address: 631 W Bruce STREET
  • Type 5 Heat Fuel: Natural Gas
  • Lot Acreage: 0.08
  • Municipality Type: City
  • Lot Description Waterfront: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Seller Owned: Water Heater
  • Has Basement: Full

Exterior Features

  • Exclusions: Sellers Personal Property
  • Exterior Building Type: Duplex +
  • Exterior: Asbestos/Asphalt, Wood

Garage/Parking

  • Parking Features:Workshop in Garage: None
  • Garage/Parking: Inside Parking, Outside

Utilities

  • Water Waste: Municipal Sewer, Municipal Water

Condo/Co-op/Association

  • Stories in Building: 1 - 2

Schools

  • School District: Milwaukee
  • Junior High Dist: Milwaukee

Lot Info

  • Zoning: RT4
  • Acreage Range: 0.0 to .499

Tax Info

  • Tax Year: 2022
  • Total Taxes: 3045.8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2025
Sold by
Koller Tyler
Bought by
Koller Tyler and Koller Amanda Zielke
Current Estimated Value
$377,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,750
Outstanding Balance
$361,563
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$15,948

Purchase Details

Listed on
Sep 8, 2023
Closed on
Mar 19, 2024
Sold by
Welch Eric and Wartenweiler Jessica
Bought by
Koller Tyler
Seller's Agent
Guntis Dredzels
Lannon Stone Realty LLC
Buyer's Agent
Tyler Koller
Lannon Stone Realty LLC
List Price
$424,000
Sold Price
$388,000
Premium/Discount to List
-$36,000
-8.49%
Views
151

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.81%
Original Mortgage
$332,500
Interest Rate
6.9%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 14, 2018
Sold by
Janesland Properties Llc
Bought by
Welch Eric and Wartenweiler Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,500
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2017
Sold by
Green S Machines Properties Llc
Bought by
Janesland Properties Llc

Purchase Details

Closed on
Sep 29, 2006
Sold by
Jgl Properties Four Llc
Bought by
Jgl Properties Four Llc and New Wave Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2006
Sold by
Jgl Properties Four Llc
Bought by
Ragozin Mikhail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,000
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 19, 2005
Sold by
Virginia B Pierce Llc
Bought by
Jgl Properties Four Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Koller Tyler -- Knight Barry Title
Koller Tyler $388,000 Knight Barry Title
Welch Eric -- None Available
Janesland Properties Llc $100,000 Knight Barry Title Inc
Jgl Properties Four Llc $35,000 None Available
Ragozin Mikhail $160,000 Land Title Services Inc
Jgl Properties Four Llc $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Koller Tyler $363,750
Previous Owner Koller Tyler $332,500
Previous Owner Welch Eric $143,500
Previous Owner Jgl Properties Four Llc $16,000
Previous Owner Ragozin Mikhail $128,000
Previous Owner Jgl Properties Four Llc $102,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/02/2024 04/02/24 Sold $388,000 -8.5% $197 / Sq Ft
02/18/2024 02/18/24 Pending -- -- --
02/08/2024 02/08/24 For Sale $424,000 0.0% $215 / Sq Ft
01/22/2024 01/22/24 Pending -- -- --
11/03/2023 11/03/23 Price Changed $424,000 -5.7% $215 / Sq Ft
10/02/2023 10/02/23 For Sale $449,700 0.0% $228 / Sq Ft
09/23/2023 09/23/23 Pending -- -- --
09/09/2023 09/09/23 For Sale $449,700 -- $228 / 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 $4,223 $188,000 $12,900 $175,100
2023 $3,022 $127,900 $12,900 $115,000
2022 $2,972 $127,900 $12,900 $115,000
2021 $2,148 $84,400 $12,800 $71,600
2020 $2,134 $84,400 $12,800 $71,600
2019 $2,098 $55,900 $12,800 $43,100
2018 $1,379 $55,900 $12,800 $43,100
2017 $1,428 $51,300 $2,700 $48,600
2016 $3,749 $50,600 $2,700 $47,900
2015 $1,475 $48,200 $2,700 $45,500
2014 $4,225 $63,200 $2,700 $60,500
2013 -- $66,500 $2,700 $63,800
Source: Public Records

Agents Affiliated with this Home

  • Guntis Dredzels

    Seller's Agent in 2024

    Guntis Dredzels

    Lannon Stone Realty LLC

    (262) 783-7080

    1 in this area

    8 Total Sales

    Guntis Dredzels
    Section Image

  • T

    Buyer's Agent in 2024

    Tyler Koller

    Lannon Stone Realty LLC

    (414) 801-9306

    1 in this area

    3 Total Sales

    Tyler Koller
    Section Image
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Map

Source: Metro MLS

MLS Number: 1849829

Metro MLS

APN: 427-0319-000-0

Wisconsin Milwaukee County Milwaukee 53204 Walker's Point

631 W Bruce St, Milwaukee, WI

This home is located at 631 W Bruce St, Milwaukee, WI 53204 since 08 September 2023 and is currently estimated at $377,511, approximately $191 per square foot. This property was built in 1900. 631 W Bruce St is a home located in Milwaukee County with nearby schools including Milwaukee Spanish Immersion School - Upper Campus, La Escuela Fratney, and Milwaukee German Immersion School.

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