NOT LISTED FOR SALE

640 Bluff St Beloit, WI 53511

Estimated Value: $1,039,000

Studio
5 Baths
4,400 Sq Ft
$236/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $1,450,000 $330 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $6,879/month

21 Days on Market

About This Home

As of November 2024

Completely renovated in 2016, the building has new electrical, plumbing, mechanicals, windows, doors, flooring, and appliances. The building got a new roof in 2024. Two penthouses (4 bd/2 bth) are located on the third floor, with two-bedroom units on the first and second floor, with a large four-bedroom unit in the basement with a garden apartment. Located close to the brand new ABC Supply Stadium, the Rock River, and downtown with its excellent restaurants, shopping, and the beautiful Ironworks Hotel. All documents and building showings should be requested in the Offer to Purchase. Buyer to verify room sizes.

Last Agent to Sell the Property

Luther J Ledic

Rocket Realty and Property Management License #58083-90 Listed on: 09/15/2024

Last Buyer's Agent

Luther J Ledic

Rocket Realty and Property Management License #58083-90 Listed on: 09/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,105

Year Built

  • Built in 1907

Lot Details

  • 0.31

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 3-Story Property
  • Basement Fills Entire Space Under The House

Parking

  • 18 Open Parking Spaces
  • Outside Parking

Schools

  • Hackett Elementary School
  • Aldrich Middle School
  • Memorial High School

Additional Features

  • 0.31 Acre Lot
  • Forced Air Heating System

Community Details

  • 12 Units
  • Net Operating Income $120,500

Listing and Financial Details

  • Assessor Parcel Number 13561360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,105

Year Built

Built in 1907

Lot Details

0.31 Acres

Listing Details

  • Municipality: Beloit
  • Status Detail: Sold
  • Mailing City: Beloit
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Apartment building, 3 story
  • Items Included: All stoves and refrigerators in all units and commercial washers and dryers in basement.
  • Year Built: 1907
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 3
  • Number Units W Ac: 12
  • Number Washers: 3
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Outside: 18

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 1 space, Outside

Fee Information

  • Total Expenses: 18200

Schools

  • Elementary School: Hackett
  • High School: Memorial
  • Middle School: Aldrich
  • School District: Beloit

Lot Info

  • Estimated Aces: 0.31
  • Zoning: C1
  • Geo Subdivision: WI

Rental Info

  • Total Income: 148800

Tax Info

  • Net Taxes: 6105
  • Tax Year: 2023
  • Assessor Parcel Number: 13561360

Multi Family

  • Number Of1 Bedrooms: 1
  • Number Of2 Bedrooms: 8
  • Number Of3 Bedrooms: 3
  • Number Of Units: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2024
Closed on
Nov 1, 2024
Sold by
Bluff St Investments Llc
Bought by
Wisconsin Passive Holding Llc
Seller's Agent
Luther J Ledic
Rocket Realty and Property Management
Buyer's Agent
Luther J Ledic
Rocket Realty and Property Management
List Price
$1,450,000
Sold Price
$1,450,000
Views
26
Current Estimated Value
$1,039,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$411,000
Avg. Annual Appreciation
-23.41%
Original Mortgage
$1,160,000
Outstanding Balance
$919,955
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$119,045
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
Wisconsin Passive Holding Llc $1,450,000 Town N Country Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wisconsin Passive Holding Llc $1,160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2024 11/15/24 Sold $1,450,000 0.0% $330 / Sq Ft
10/06/2024 10/06/24 Pending -- -- --
09/15/2024 09/15/24 For Sale $1,450,000 +1350.0% $330 / Sq Ft
05/18/2017 05/18/17 Sold $100,000 -28.1% -- View Prior Sale
02/20/2017 02/20/17 Pending -- -- --
01/27/2017 01/27/17 For Sale $139,000 -- --
Source: South Central Wisconsin Multiple Listing Service

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 $18,312 $1,098,000 $67,400 $1,030,600
2024 $5,170 $423,200 $67,400 $355,800
2023 $6,105 $382,400 $67,400 $315,000
2022 $6,347 $382,400 $67,400 $315,000
2021 $9,489 $291,600 $17,500 $274,100
2020 $8,633 $291,600 $17,500 $274,100
2019 $8,288 $291,600 $17,500 $274,100
2018 $8,309 $288,900 $14,800 $274,100
2017 $8,287 $288,900 $14,800 $274,100
2016 $9,035 $288,900 $14,800 $274,100
2015 $8,245 $288,900 $14,800 $274,100
2014 $7,790 $288,900 $14,800 $274,100
2013 $7,790 $288,900 $14,800 $274,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1985902

South Central Wisconsin Multiple Listing Service

APN: 135-61360

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